Bitcoin Forum
May 07, 2024, 12:30:56 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Coin Flip Game - Needs Investor  (Read 2425 times)
PinkLlama
Full Member
***
Offline Offline

Activity: 186
Merit: 100


View Profile
July 15, 2016, 05:39:49 PM
 #21

You're not going to get any investors. You're asking for $32,530-65,070 for something you don't even have a demo of.

The gambling market is quite saturated and you're going to need much more money to actually advertise your way to the top. Me and my team are progressing quite well with our site, which partially includes a coinflip game. I suggest working this thing out a bit more before asking for such large amounts of investments.

Do you think that investors expect a demo of a triple A title game before they invest into their parent company?...

As I've already said I'm looking for a way for the game to use a wallet without us having control over the investor's bankroll. And they can of course have a friend look over the code so they know it's not going to steal anything or be vulnerable to attacks. I can make the demo no problem, but I don't want to spend more time on this unless I have an investor. Otherwise I have studying and work on my current gambling project to do. Also you missed my reasoning for the "large" investment. It might be large for regular people but not for professional investors. My reason for it being large was because if the game does become popular nobody will play with such a low bankroll and if they do it's gonna take an even longer period of time to see some substantial profit.

No, but they do expect something. You have the bare "minimum". Domain idea and the general site idea.

This is a horrible investment for anyone as you're going to have to spend $50,000+ for advertising if you want to compete with the larger sites.

Why would I use you over the sites that I'm already familiar with and trust?
What do you have to offer that no one else has to offer?

Quote
I can make the demo no problem, but I don't want to spend more time on this unless I have an investor.

Then you're not going to get an investor. If you do not spend your time making a demo you won't get any investor. No "professional investor" won't invest 50-100 BTC into something you haven't put into action, you don't have a demo for and don't even own the domain for! Just because they have a lot of money doesn't mean they will randomly throw it around projects which are bound to fail.

That's just my 0.00003025 BTC which is most likely the truth.

Developing great Bitcoin tools for the community
1715085056
Hero Member
*
Offline Offline

Posts: 1715085056

View Profile Personal Message (Offline)

Ignore
1715085056
Reply with quote  #2

1715085056
Report to moderator
1715085056
Hero Member
*
Offline Offline

Posts: 1715085056

View Profile Personal Message (Offline)

Ignore
1715085056
Reply with quote  #2

1715085056
Report to moderator
If you want to be a moderator, report many posts with accuracy. You will be noticed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715085056
Hero Member
*
Offline Offline

Posts: 1715085056

View Profile Personal Message (Offline)

Ignore
1715085056
Reply with quote  #2

1715085056
Report to moderator
1715085056
Hero Member
*
Offline Offline

Posts: 1715085056

View Profile Personal Message (Offline)

Ignore
1715085056
Reply with quote  #2

1715085056
Report to moderator
Alanay (OP)
Full Member
***
Offline Offline

Activity: 161
Merit: 100



View Profile
July 15, 2016, 07:39:08 PM
 #22

You're not going to get any investors. You're asking for $32,530-65,070 for something you don't even have a demo of.

The gambling market is quite saturated and you're going to need much more money to actually advertise your way to the top. Me and my team are progressing quite well with our site, which partially includes a coinflip game. I suggest working this thing out a bit more before asking for such large amounts of investments.

Do you think that investors expect a demo of a triple A title game before they invest into their parent company?...

As I've already said I'm looking for a way for the game to use a wallet without us having control over the investor's bankroll. And they can of course have a friend look over the code so they know it's not going to steal anything or be vulnerable to attacks. I can make the demo no problem, but I don't want to spend more time on this unless I have an investor. Otherwise I have studying and work on my current gambling project to do. Also you missed my reasoning for the "large" investment. It might be large for regular people but not for professional investors. My reason for it being large was because if the game does become popular nobody will play with such a low bankroll and if they do it's gonna take an even longer period of time to see some substantial profit.

No, but they do expect something. You have the bare "minimum". Domain idea and the general site idea.

This is a horrible investment for anyone as you're going to have to spend $50,000+ for advertising if you want to compete with the larger sites.

Why would I use you over the sites that I'm already familiar with and trust?
What do you have to offer that no one else has to offer?

Quote
I can make the demo no problem, but I don't want to spend more time on this unless I have an investor.

Then you're not going to get an investor. If you do not spend your time making a demo you won't get any investor. No "professional investor" won't invest 50-100 BTC into something you haven't put into action, you don't have a demo for and don't even own the domain for! Just because they have a lot of money doesn't mean they will randomly throw it around projects which are bound to fail.

That's just my 0.00003025 BTC which is most likely the truth.

I don't have the bare minimum, now you're just insulting me. I have myself (front-end dev) and a very experienced back-end developer. Most people I see seeking investors literally only have an idea. What sites would we have to compete with for a coin flip game? I haven't seen any popular ones. The question you should be asking is how do I move people over from playing the popular dice game to playing my game. That's easy: 0% house edge, we take 1% from the pot and that's it. We decided it will be a PvP game now, and the investor's money will be spent on advertising and hosting expenses instead.

The demo is being worked on now, the domain is no problem at all. It doesn't even need to be good, it just has to be memorable. That's not a problem but you're making it out as if it is just to shit on my thread. What makes you think my project is bound to fail? Give me one reason.

PinkLlama
Full Member
***
Offline Offline

Activity: 186
Merit: 100


View Profile
July 15, 2016, 08:38:58 PM
 #23

I don't have the bare minimum, now you're just insulting me. I have myself (front-end dev) and a very experienced back-end developer. Most people I see seeking investors literally only have an idea. What sites would we have to compete with for a coin flip game? I haven't seen any popular ones. The question you should be asking is how do I move people over from playing the popular dice game to playing my game. That's easy: 0% house edge, we take 1% from the pot and that's it. We decided it will be a PvP game now, and the investor's money will be spent on advertising and hosting expenses instead.

The demo is being worked on now, the domain is no problem at all. It doesn't even need to be good, it just has to be memorable. That's not a problem but you're making it out as if it is just to shit on my thread. What makes you think my project is bound to fail? Give me one reason.

A front and back end developer are a part of the bare minimum lol.

Quote
What sites would we have to compete with for a coin flip game? I haven't seen any popular ones.

- My personal gambling site which will be up very soon.
- https://www.betcoin.tm/coinflip/
- https://bitcasino.co/flip/

Too lazy to find any other sites so let's continue with your other arguments.

Quote
That's easy: 0% house edge, we take 1% from the pot and that's it.

90% of other competing sites also take 1% from the pot as well.

Quote
The demo is being worked on now, the domain is no problem at all.

You should've completed the demo before you presented us with this thread. If I'm ever going to ask for investors to come to me, I'll present them with a live demo of my website. That's much better than anything you've presented us with (pure words).

Quote
What makes you think my project is bound to fail? Give me one reason.

I was giving you reasons with each and every one of my replies, but I guess you're too ignorant to notice them. I'll sum it up for you:

- Seeking for investments with 2 team members and no good presentation or pitch
- No domain name idea nor hosting bought/ready
- No professional designer for the job
- Nothing to separate you from other gambling sites which are more popular and trusted by more people

CBA looking at my other replies so that's all I'm gonna say.

Developing great Bitcoin tools for the community
Alanay (OP)
Full Member
***
Offline Offline

Activity: 161
Merit: 100



View Profile
July 16, 2016, 10:23:59 PM
 #24

I don't have the bare minimum, now you're just insulting me. I have myself (front-end dev) and a very experienced back-end developer. Most people I see seeking investors literally only have an idea. What sites would we have to compete with for a coin flip game? I haven't seen any popular ones. The question you should be asking is how do I move people over from playing the popular dice game to playing my game. That's easy: 0% house edge, we take 1% from the pot and that's it. We decided it will be a PvP game now, and the investor's money will be spent on advertising and hosting expenses instead.

The demo is being worked on now, the domain is no problem at all. It doesn't even need to be good, it just has to be memorable. That's not a problem but you're making it out as if it is just to shit on my thread. What makes you think my project is bound to fail? Give me one reason.

A front and back end developer are a part of the bare minimum lol.

Quote
What sites would we have to compete with for a coin flip game? I haven't seen any popular ones.

- My personal gambling site which will be up very soon.
- https://www.betcoin.tm/coinflip/
- https://bitcasino.co/flip/

Too lazy to find any other sites so let's continue with your other arguments.

Quote
That's easy: 0% house edge, we take 1% from the pot and that's it.

90% of other competing sites also take 1% from the pot as well.

Quote
The demo is being worked on now, the domain is no problem at all.

You should've completed the demo before you presented us with this thread. If I'm ever going to ask for investors to come to me, I'll present them with a live demo of my website. That's much better than anything you've presented us with (pure words).

Quote
What makes you think my project is bound to fail? Give me one reason.

I was giving you reasons with each and every one of my replies, but I guess you're too ignorant to notice them. I'll sum it up for you:

- Seeking for investments with 2 team members and no good presentation or pitch
- No domain name idea nor hosting bought/ready
- No professional designer for the job
- Nothing to separate you from other gambling sites which are more popular and trusted by more people

CBA looking at my other replies so that's all I'm gonna say.

A front and back end developer is not the bare minimum, where did you get that retarded idea from? The bare minimum means just an idea, a concept. Since we're talking about business I'd like you to be literal in your responses.

You website looks shit, not gonna lie. This is just my opinion of course. A website that focuses purely on coin flip games is gonna do much better than a website that does dice and coin flip, not including the dice's success.

"90% of other competing sites also take 1% from the pot as well." Prove it, otherwise keep your mouth shut.

I don't have to complete a demo before making a thread, it's not a rule. I don't care about which way you would go about doing things, that's your business, and unless you're trying to be helpful I'd like you to keep it to yourself.

We don't need more than two team members to create this project, so that reason is 100% absolutely and utterly invalid.

As I said, we don't need to buy domain/hosting right now. Literally we can set that all up within 5 minutes. So I don't see why you're acting like it's a major factor.

I am actually a professional designer... as well as a front end developer.

We have more features to separate us from other sites, we're not going to just share them all. I'll give you one however, since it will be PvP we will use predefined bets, 1.0, 0.1, 0.01 BTC bets etc. for faster match-making times. This is also really helpful from a business stand point, I won't go into why. I'll happily explain it to an investor though.

PinkLlama
Full Member
***
Offline Offline

Activity: 186
Merit: 100


View Profile
July 17, 2016, 04:37:04 PM
 #25

A front and back end developer is not the bare minimum, where did you get that retarded idea from? The bare minimum means just an idea, a concept. Since we're talking about business I'd like you to be literal in your responses.

You website looks shit, not gonna lie. This is just my opinion of course. A website that focuses purely on coin flip games is gonna do much better than a website that does dice and coin flip, not including the dice's success.

"90% of other competing sites also take 1% from the pot as well." Prove it, otherwise keep your mouth shut.

I don't have to complete a demo before making a thread, it's not a rule. I don't care about which way you would go about doing things, that's your business, and unless you're trying to be helpful I'd like you to keep it to yourself.

We don't need more than two team members to create this project, so that reason is 100% absolutely and utterly invalid.

As I said, we don't need to buy domain/hosting right now. Literally we can set that all up within 5 minutes. So I don't see why you're acting like it's a major factor.

I am actually a professional designer... as well as a front end developer.

We have more features to separate us from other sites, we're not going to just share them all. I'll give you one however, since it will be PvP we will use predefined bets, 1.0, 0.1, 0.01 BTC bets etc. for faster match-making times. This is also really helpful from a business stand point, I won't go into why. I'll happily explain it to an investor though.

Okay let's drop some shit on you once again.

Quote
"90% of other competing sites also take 1% from the pot as well." Prove it, otherwise keep your mouth shut.

"We remove 100 bits (about 0.05 USD) from any withdrawal amount to cover mining fees. We charge this amount regardless of the actual mining fees attached to the transaction, which may be more or less than this, depending on the block competition at the time of your withdrawal."

source

This is even better! They don't even take 1%, they take $0.05. So for instance, if you invested 1 BTC you can withdraw 0.999 (well more, but this is the lowest possible estimate). If it were your site, you'd be taking 1% which is $6.805 which means they would be able to withdraw around 0.9900 BTC (which is $674.8 in USD).

"The house edge when rolling on Primedice is only 1% (RTP 99%)."

source

This is PrimeDice and they take 1% fees as well!

I won't bother listing more, but now we understand that I have the right to not keep my mouth shut due to the fact that I just showed you some casinos taking 1% or less in fees!

Quote
You website looks shit, not gonna lie. This is just my opinion of course.

I'm sorry, did I ever show you my gambling site? I don't really think I did. Correct me if I'm wrong.

Quote
This is also really helpful from a business stand point, I won't go into why. I'll happily explain it to an investor though.

I mean, you're looking for investors here. You're supposed to give it your all. Just show it to us? A couple of potential investors might've just jumped over this thread because you didn't show anything to them.

Developing great Bitcoin tools for the community
Alanay (OP)
Full Member
***
Offline Offline

Activity: 161
Merit: 100



View Profile
July 18, 2016, 12:56:09 PM
 #26

That doesn't prove other sites take 90% from the pot as well, and taking 1% from fees isn't the same thing as taking from a pot. Sorry I thought the first site you linked was your own, I had seen it before and believe it looks terrible. Hopefully yours will look better then. Obviously I am getting nowhere with this thread. So once we finish the game, we'll then ask for investments just for advertising and hosting. My guess is to finish it completely might takes us 5-15 days because we have other things to do as well.

AcoinL.L.C
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000



View Profile
July 18, 2016, 02:48:00 PM
 #27

That doesn't prove other sites take 90% from the pot as well, and taking 1% from fees isn't the same thing as taking from a pot. Sorry I thought the first site you linked was your own, I had seen it before and believe it looks terrible. Hopefully yours will look better then. Obviously I am getting nowhere with this thread. So once we finish the game, we'll then ask for investments just for advertising and hosting. My guess is to finish it completely might takes us 5-15 days because we have other things to do as well.

With MoneyPot you would have access to a much larger bankroll than 50-100BTC, and you would get the split you are proposing (since app owners are paid 50% of the volume they bring).
JasonXG
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


View Profile
July 19, 2016, 10:04:00 PM
 #28

If ypu can do this then you can create an investment section on your website and get it crowd funded. I dont see why you must ask here unless its a scam. I see no work done no plans nothing so to me as far as I'm concerned this is a scam and a load of rubbish.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!