Questions on my future bitcoin casino project!

[artemiy]

I have a question, that I ask to each casino-owner, why I should trust you?

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[crabby]

I would have to agree with several of the other people here who are suggesting you contact a lawyer. It is never a good idea to be getting legal advice from strangers on the internet because you don't know their credentials.

Also, I think you are missing a massive aspect of this entire endeavor. The development. I don't know what "script" you downloaded, but you can't simply download a script and run an entire online casino. You will need thousands of man hours to develop and maintain the software. If someone is going to give you their bitcoins, they will want this to be done by professionals. Do you have a team of professionals who will be doing the development for you?

[elliottflz65]

It's best to consult with a lawyer or accountant to know whether or not these things apply to you. If you are in any western country then you almost certainly need a license to operate a casino.

[Kakmakr]

I would not trust the white label casino scripts out there, if I were you. These guys can include some nasty backdoors in their code and before you know it, you might be out of pocket with your whole Bankroll or they might exploit some weakness in the system that they created.

Get someone that you can trust and then get someone else that can check the code for backdoors and exploits.

[AMHURSICKUS]

I see some site than can answer all your question, but i cannot recall rightnow.
But still try to search and search untill you know everything.
And one thing, different country different rules, some countries required licensed and some are not.
So you better contact a person that knows everything like a casino owner.

[nc50lc]

Seems like you were on-point when you said that you are new to everything.
I just wanted to say, with the level of understanding you have right now (based on your questions' format), keep away from the thought of starting your own casino for now.
Try to understand about a quarter of the required knowledge from every aspect to able to manage a successful project before starting.

3. What kind of domain do i need to buy if I want to put my own script? (I heard there were a couple of different types of scrupts)

A domain is just a name, it doesn't hold the script.

[2girls]

As you stated you are new in everything in bitcoin, I suggest that better learn things first on how bitcoin circulates, on how things be manage in one hand, bitcoin is crucial to start on, it will be hard for you to start a business particularly casino which will use btc, things are different in some aspect of btc to dollars, remember that, you have to study first before involving yourself into something that you do not know yet.

[onnz423]

1. Some countries do not require you to have a license when running a crypto-only casino, look at the following list to identify countries that haven't passed full legislation on crypto gambling - https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

2. The legality of the casino would depend on your compliance with laws and regulations of the country you have registered the business in, and the country in which the casino is hosted.

3. It does not matter which type of domain you own, they're all treated equally, what matters is the kind of hosting you have, whether it is VPS, Dedicated server, cloud hosting etc, what OS it's running on, which control panel is installed (if any) and what language your script is coded in.

[Naveenrandy619]

Ya its legal.... And also u have to consult about ur upcoming company to attain the success...

[Anti-Cen]

Bitcoin no good as currency anymore for weed, cam-girls and gambling because of the crazy miner fees
so one I would not enter the casino to be mugged at the door and when I leave and you send me my
winnings  then who's paying the Tx fees.

I could write you a dice game that will equal 50 if you sum a million rolls of dice but somehow always
comes up short if they are NOT in-house bots just pretending to play so the house takes 99% and not just 5%
was it not highly illegal but I suspect not everyone is as ethical as me

Naw if I was out to make unethical money then I would become a miner or wait for the Lighting Network to
arrive and set myself up as one of them hub/banker things that are going to get a lot more functionality than
simple wallets acting as hubs to load the dice to my advantage.

I am studying the protocol as we speak and it talks about trying to bribe miners to block transactions close to the end
https://lightning.network/lightning-network-paper.pdf

[Anti-Cen]

3. It does not matter which type of domain you own, they're all treated equally, what matters is the kind of hosting you have, whether it is VPS, Dedicated server, cloud hosting etc, what OS it's running on, which control panel is installed (if any) and what language your script is coded in.

You know me mate, I know nothing about distributed systems and virtual private servers, IP-address  but
what would the lay of the land be if your hosting the outer HTML of the page in say the UK but all the gambling
content was within an IFRAME that is being feed for Taiwan ?

You said "what matters is the kind of hosting you have, whether.........."  but surly windows or Linux would not matter
in relation to the law and I also seem to remember you once saying "Coming from someone who cannot form more than a couple of coherent sentences"

Whats that saying again about granny eating raw eggs 




 

[Anti-Cen]

I'm with you on the closing sentiment, but there ain't much oil being used to generate electricity mate!

Anyway, what is the BTC Foundation planning to do about the roughly 2GW (at 20 EH/s) power consumption?
BTC might have the lead now, but it will be a dinosaur in ten years if this issue is not addressed.

Oh, and I'm not too sure Intel and AMD are that into ASICs. Answers anyone?

Oil is still used for power stations and when you drill for oil you often take the gas too and it's the same
big names anyway and lots of coins mining does not use ASICs but i think Samsung has just moved into
this field so I will add them to my list