Funding and Discussion for New Gambling Site 1 to 37 or dice

[Dabs]

First Post. To be edited as we go along.

This thread is for the funding of Dab's new gambling site and discussion on how some or all parts of the site will operate and what game it will eventually play. However, I reserve the right to do what I believe is best for the overall success of the site.

There will be a pre-funding period, which starts now, and ends some time later, maybe some time 2 to 3 months from now; sort of an ANN or announcement. Then there will be a funding period, similar to many ICOs where you can contribute BTC via a website which will collect all, to be held in escrow by yours truly (no, it's not third party, but you can see my track record for such transactions.) This will last anywhere from 4 weeks to 8 weeks, to be announced later. We don't want it to be too short that it does not get enough exposure, and we don't want it too long that people get impatient. Based on some ICOs I have seen, between 4 to 8 weeks seems to be the sweet spot.

For there to be incentive to early participants, there will be a percentage bonus on your contribution, the earlier you send, the more you get. This will be divided or broken into weekly or daily parts, perhaps the very first will be the first 1 to 3 days. There will be a website made to do this collection automatically and a timer will also be shown. If you send 1 second too late after a particular deadline you will be in the next bonus bracket until the final days of the funding period where you get what you put in.

During the funding period, I reserve the right to use some of the funds in preparation for development (reserving future payments for domain and hosting and SSL and anti-DDoS and all that.)

After that, it will be development phase of the project and website, and any promotions or advertising campaigns (signature or otherwise). Ideally word will get out on its own, but we can help push it a little bit more. I don't have any public social media accounts so maybe someone can do this and get compensated accordingly.

The goal for the funding period is tentatively set at 100 BTC, because around 30% of that will go into development costs, 20% will go into hosting, and roughly 50% will go into a private investment fund to bankroll the site. There will eventually be a public investment feature as one of the possible important points of this new site is that it will be provably fair not just for players, but provably fair for investors as well.

There is also discussion on how the game "engine" will work, or the rules of the game. As stated above, it may be possible for this game to be provably fair for all involved, however that path may not be followed, the game may just be fair for players to keep the rules simple and easy to understand. This is all up for discussion and will depend on how many people view this, and how I finally decide on the matter.

This "ANN" phase will end in 2 to 3 months, but before the "Funding" phase begins there will be at least 2 to 4 weeks notice, so people can prepare. Anyone who is late, sorry.

I will update this first post or opening post as we go along. I will delete disruptive posts (this thread is self-moderated, huh. Because I'm the mod of this section, doh!). But usually I will just leave whatever you say here as long as there is no profanity or personal attacks or insults.

If you don't like gambling, or investments, or ICOs, or if any of this offends you, please do not participate. If you are any regulatory entity or government tax group or corporation, bureau of internal revenue, or revenue agency, I am not in your jurisdiction, this is being done from the planet Saturn (the one with rings). You may have jurisdiction on citizens of your country worldwide, but I am operating somewhere else in the Solar System. If you are a citizen of any country that has laws or regulate your use or play of gambling websites, please comply with your own laws.

Enough with the legal chit chat. I am concerned about the practical and technical analysis of this game I intend to release.

In simple terms, this will be a game where you pick one or two numbers between 1 to 37, inclusive. The game then decides a winning combination of those numbers every few hours using an algorithm and the winner(s) receive up to a thousand times what they bet. How this works is not a secret, but I will not be discussing that yet.

If you have ideas or just want to support this project, let me know. The funding part can and will be anonymous. The playing when the game is launched will be anonymous. All investors will be anonymous. I will not be asking for your email, your phone number or your address. I will probably only ask you for your bitcoin address and assign you your own deposit or funding address, and to create an account on a website that may include a username, password and either a one time code or some two factor authentication.

2 to 3 months before anything happens.

Go!

P.S. English or Tagalog only please. I wrote this in English for the benefit of others who might be interested and don't understand other languages. Eventually we might want to make this international. I did say we're doing this from Saturn. (The one with rings!) Everyone from the planets Mercury, Venus, Earth and Mars are free to participate. All other gas giant dwellers and everyone beyond, please wait.

[Dabs]

Reserved this post. Just in case.

[chixka000]

I am interested to this one since i can't easily withdraw my funds by now so they are all stacking up. I'll be waiting dabs just few more question what was the probability of Getting our ROI if it is really possitive then so be it.

[passwordnow]

Good luck to this project sir Dabs. I wanted to participate on this funding even though I am just going contribute small amount of bitcoins. I just wanted to show my support to our very own moderator here. And if you guys going to read the whole thread, for sure the last part is going to make you laugh haha. Good sense of humor sir Dabs.

[Darker45]

I'm a newbie in cryptocurrency but I guess i'm learning fast enough. I don't have much but i'm in. By the way may sports betting po ba? Filipinos worldwide cgurado NBA, boxing, etc. Good luck boss.

[Dabs]

Hindi sports betting. Meron na gumagawa noon. Ang naisip ko lang is just one simple game. Pick two numbers from 1 to 37. Winner gets 1000 times what he bets. NO LIMITS.

That's for the players. For investors, eh, di, alam mo na. Kayo ang kapitalista, ako ang "operator". Meron mananalo palagi, pero lahat tayo kikita parin. Wala ng kabo o kubrador. Pero meron siguro "signature campaign" o kaya "promotion". Ano na yon, marketing expense na yon. At baka meron referral bonus pag kumalat sa social media.

Siguro I'll have a chat room, and I'll employ admins and mods (and call them kabo and kubrador, LOL.) Ako lang nagpapabola.

I'm also trying to gauge interest in this. I mean, there are plenty of people on all the other dice sites. I don't want to put up yet another dice site.

Of course, the site will be in English, so everyone understands. Maybe I'll put a "translation" so it looks "presentable".

If I collect 500 million in bets, why not give away 400 million in prizes? The winners will be happy. Anyway, up for discussion.

[enhu]

magkano ang minimum na investment ng isang kapitalista? hati-hati rin to kapag natalo tama?

pwede kayang i-tokenize to?

[akosieric]

Parang STL ( o yung illegal form nya na jueteng) pala yung style ng project nyo po sir. Mukhang papatok po ito sa mga pinoy. Tanong ko lang din po if how much is the minimum investment and if this is limited only to bitcoin?

[bitcoin31]

Hello sir dabz magkano po minimum dyan sali naman po ako?
Mukhang maganda kasi sisikat po yan .

[geoffreyqp]

what do you mean "no limits". certainly there has to be a limit?

also to develop just one game, spending 30 btc seems like a lot to me

[malcovixeffect]

what do you mean "no limits". certainly there has to be a limit?

also to develop just one game, spending 30 btc seems like a lot to me

Bankroll, development, promotions, marketing, etc.

Sabi nga x1000 ang mapapanlunan nung winner kaya talagang kailanagan ng malaking BR

[tenk]

what do you mean "no limits". certainly there has to be a limit?

also to develop just one game, spending 30 btc seems like a lot to me

Also, spending 20 BTC for hosting? (P500,000+ or $10,000+ for hosting?)

Tho, I am interested in joining your project. Either as an investor or industrial partner (I am currently very active online, tho just new here in the forums, and am a graduating Law student, so probably I could help out in the legal side of things).

Just let us know and good luck sir Dabs!  

[VC George]

Am also looking to develop a gambling site in the near future, if you're into co-opts pm me, I can fund my side, though it would be international.

[malcovixeffect]

Am also looking to develop a gambling site in the near future, if you're into co-opts pm me, I can fund my side, though it would be international.

Hdi, ka nman Pilpno eh. Dumyo kpa dto

[VC George]

Am also looking to develop a gambling site in the near future, if you're into co-opts pm me, I can fund my side, though it would be international.

Hdi, ka nman Pilpno eh. Dumyo kpa dto

He pmed me some bullshit in his language which I don't understand and then another reply saying am a scammer lol. Please speak English in this thread

[malcovixeffect]

Am also looking to develop a gambling site in the near future, if you're into co-opts pm me, I can fund my side, though it would be international.

Hdi, ka nman Pilpno eh. Dumyo kpa dto

He pmed me some bullshit in his language which I don't understand and then another reply saying am a scammer lol. Please speak English in this thread

Cos I really think you are a scammer and next time dont hi-jack threads.

[VC George]

I already prompted you to open a scam accusation thread in my reply to your pm, and why do i hi-jack threads while am saying am ready to spend my money? 

[Dabs]

Uh... I have not yet created an English only thread, my apologies for that. I would post that in the "marketplace" or "securities" or maybe "altcoin" forums, which ever is most appropriate.

To answer some of the concerns here:

1. most probably bitcoin only for funding or investment. This first batch will all be "private" investors or kapitalistas.
2. hosting will be prepaid for several months, and include possibilities of upgrading capacity if the demand increases. You'll have to pay bandwidth costs if there are hundreds of hits daily with hundreds of bets. If this scales to the equivalent of a small city or town in the Philippines, you'll literally have thousands of bets daily. Your $5 a month VPS just will not work.
3. law = jurisdiction of Saturn (the one with rings!). domain name from another planet too. (or outside the US and outside the PH at least.)
4. possibility of being an .onion site (tor) but maybe just a regular web page so more people can play.
5. not collecting info, not collecting fiat. bitcoin only.
6. no real minimum investment, but it wouldn't make much sense to invest smaller than 0.01 (your share will be diluted to centavos per month or something absurd.)
7. no limits, because the plan is to operate it like a real life STL / jueteng. There will always be a player that wins. Just not the guy that bet 20 BTC. it will still be fair, it will still be gambling, and everyone has a chance to win. that's how it is in real life and you have million and millions betting on this game.
8. if that is not desirable, then it will have to be provably fair, which implies limits depending on the bankroll.

[VC George]

Uh... I have not yet created an English only thread, my apologies for that. I would post that in the "marketplace" or "securities" or maybe "altcoin" forums, which ever is most appropriate.

To answer some of the concerns here:

1. most probably bitcoin only for funding or investment. This first batch will all be "private" investors or kapitalistas.
2. hosting will be prepaid for several months, and include possibilities of upgrading capacity if the demand increases. You'll have to pay bandwidth costs if there are hundreds of hits daily with hundreds of bets. If this scales to the equivalent of a small city or town in the Philippines, you'll literally have thousands of bets daily. Your $5 a month VPS just will not work.
3. law = jurisdiction of Saturn (the one with rings!). domain name from another planet too. (or outside the US and outside the PH at least.)
4. possibility of being an .onion site (tor) but maybe just a regular web page so more people can play.
5. not collecting info, not collecting fiat. bitcoin only.
6. no real minimum investment, but it wouldn't make much sense to invest smaller than 0.01 (your share will be diluted to centavos per month or something absurd.)
7. no limits, because the plan is to operate it like a real life STL / jueteng. There will always be a player that wins. Just not the guy that bet 20 BTC. it will still be fair, it will still be gambling, and everyone has a chance to win. that's how it is in real life and you have million and millions betting on this game.
8. if that is not desirable, then it will have to be provably fair, which implies limits depending on the bankroll.

Thanks mate, I'll be waiting for the english thread, also note that using a provable fair script prevents you from going bankrupt in case of big bets.

[Dabs]

Thanks mate, I'll be waiting for the english thread, also note that using a provable fair script prevents you from going bankrupt in case of big bets.

I'm not going to go bankrupt the way it was originally intended to operate, no matter how much people bet. I'm not sure you get the implication here. Filipinos are quite familiar with the real life version of this game I'm trying to bring online. It's been the cause of at least one President's downfall from power.