Will you invest in Chain-Bet.com bankroll?

[Dabs]

Wow. I got quoted. Thank you.

Unless someone can convince me not to offer 50 BTC prizes for a blockchain based game together with a secret only I know ... (if I am the operator of the site.) Or the issue of investors being cheated. Without resorting to 30 minute calculations.

[crazyivan]

You need to work on building your reputation first. Sites where I invest re at least 3 years old, lots of users and run by reputable members. You do understand the way an ordinary investor thinks. What if I send you my coins and close down the shop tomorrow and run away? What would be your response to that?

[RocketSingh]

Wow. I got quoted. Thank you.

Unless someone can convince me not to offer 50 BTC prizes for a blockchain based game together with a secret only I know ... (if I am the operator of the site.) Or the issue of investors being cheated. Without resorting to 30 minute calculations.

Could u please elaborate which secret u r talking about here?

[Dabs]

Could u please elaborate which secret u r talking about here?

I'm talking about the server seed. That's supposed to be secret until after the game or roll. But it has a hash published beforehand so people can verify that the secret did not change.

BitcoinBetting uses a block hash. The game I had in mind would also use a future block hash. No one can predict the future block hash, but there is the argument that the site operator colluding with a miner (or is a miner himself) can discard a block that would result in a loss, with no guarantee that the next block would result in anything better, it could also be a loss.

But that only works if they also know the server seed, which only the site operator would know.

Using a block hash alone is not wise. Offering a 50 BTC prize against the result of hmac-sha512(future_block_hash, secret_that_only_I_know) ... that's a gamble even for a miner. I'm pretty sure they'd take the 99% chance of "winning" 12.5 BTC now (for publishing a valid block), than the potential or chance (of unknown percentage) to win 50 BTC.

They have a chance of not losing if they find a block that wouldn't agree. They don't really have a chance of winning. That's not the same thing.

A miner with enough hash power to rig a game often enough has more important things to play with than gambling in a bitcoin casino for a chance to win 50 BTC, giving up the block reward of 12.5 BTC which he has in his hands right now.

[1BitcoinMillionaire]

This is to gauge general investor's interest regarding www.BitcoinBetting.website. We are operating since May 30, 2016. Here is our announcement thread - https://bitcointalk.org/index.php?topic=1492457.0. We have got a few proposals to accept investment in bankroll. Lately, we are considering the same. We'd like to know how many of you would like to invest and if you do what would be the general range of investment...

Is this being backed by Roger Ver? Would add to Investors getting involved in my opinion if he is.

[Dabs]

I don't think Ver is into any sort of gambling sites. I asked him before.

[Mark02]

You need to work on building your reputation first. Sites where I invest re at least 3 years old, lots of users and run by reputable members. You do understand the way an ordinary investor thinks. What if I send you my coins and close down the shop tomorrow and run away? What would be your response to that?

Yeah, a Jr. Member promoting a website that is poorly created especially in this topic. We can see that the maker doesn't know anything about introducing their site. Well most likely I will not invest to that site because it is like just loosing my bitcoin for nothing.

[senyorito123]

You need to work on building your reputation first. Sites where I invest re at least 3 years old, lots of users and run by reputable members. You do understand the way an ordinary investor thinks. What if I send you my coins and close down the shop tomorrow and run away? What would be your response to that?

Yeah, a Jr. Member promoting a website that is poorly created especially in this topic. We can see that the maker doesn't know anything about introducing their site. Well most likely I will not invest to that site because it is like just loosing my bitcoin for nothing.

I will surely not invest at them since their site is poorly designed and i cannot see any angle that they are trustworthy to invest with, and as you've said i cannot risk my money for unexperienced guy thats why i will leave some thoughs that i will go invest at them, i will rather go to another good site since i know that their reputation is good and not this poorly new site with no guarantee at all.

[zero1ten]

It depends on the stability of the site and its review from the community, because a lot of scam sites has been proliferating especially with bitcoin and a lot of users are currently very skeptical in investing in new investment sites.

[RHavar]

I don't think Ver is into any sort of gambling sites. I asked him before.

Really? I thought he even operates his own casino..

https://games.bitcoin.com

[Kendji]

My opinion:I really think the website doesn't look so professional

and that's the issue
I contacted support and it's currently (DEAD)

[mrcash02]

I just would invest in a casino site with reputation. This kind of investment just worth if you use a lot of money, and it's not adviced to use a lot of money on a new and unknown site, that is the reason why many people can be resistent at this moment about investing in your casino bankroll.

Continue your work, improve your reputation and me and many others will be glad to invest on this site.

[Bitcoin Gambling]

I contacted support and it's currently (DEAD)

We have currently 2 support channel...

i. Bitcointalk: https://bitcointalk.org/index.php?topic=1492457.0

ii. Twitter: https://twitter.com/bitcoinbetting_

May I know where did u contact us?

[Dabs]

I don't think Ver is into any sort of gambling sites. I asked him before.

Really? I thought he even operates his own casino..

https://games.bitcoin.com

Oh, I missed that one. I forgot about that. Yes, I did see it some time ago. Maybe he changed his mind between when I emailed him and when he put that up, which was some time after his forum and website was online.

Or, more realistically, he didn't like my proposal and went on his own (since he can clearly afford to do it from scratch, I was looking for "funding" or "investors".)

[1BitcoinMillionaire]

I don't think Ver is into any sort of gambling sites. I asked him before.

Really? I thought he even operates his own casino..

https://games.bitcoin.com

Yeah exactly, I thought he owned the site and that casino

[1BitcoinMillionaire]

Anyway I would be interested. Would like to know the details you are considering for investors? profit share %, etc.

[Bitcoin Gambling]

www.BitcoinBetting.website is now https://www.Chain-Bet.com. OP updated accordingly

Anyway I would be interested. Would like to know the details you are considering for investors? profit share %, etc.

To start off, we wont be taking any part of investor's profit. Our initial goal is to spread the word about https://www.Chain-Bet.com with the assistance of our investors, so that we may increase our volume. Hence, if your investment is x% of the bankroll, u'll share x% of house win/loss accordingly. We are accepting private investments. Minimum investment amount is 1 BTC.

[Warren Buffet]

That's a 0 house edge game, right?
Why would anyone consider investing into something that gives you an expected profit of nada?

is that really a 0 house edge game  maybe he is thinking about adding another game to the site ?
otherwise this would be totally a joke , why would someone invest in a 0 house edge and how is the site making money atm anyways 

May be looking at the current status of the board, u may feel like u were mistaken.

Fact 1: 0% house edge game does not mean players will always win. It only means, players have 1% more chance to win over 1% house edge games like primedice.com, bitdice.me etc.

Fact 2: U can not use bot in this game.

If u r a seasoned investor in gambling sites, the above 2 facts should make sense to u.

[ChrisPop]

This is to gauge general investor's interest regarding https://www.chain-bet.com. We are operating since May 30, 2016. Here is our announcement thread - https://bitcointalk.org/index.php?topic=1492457.0. We have got a few proposals to accept investment in bankroll. Lately, we are considering the same. We'd like to know how many of you would like to invest and if you do what would be the general range of investment...

Update: We are accepting private investments in the bankroll for test run. In case u want to invest 1 BTC+, feel free to PM us or let us know in this thread.

I wouldn't invest and I will also tell you why. Your casino design is very poor,nothing catchy,nothing special. When you start a new casino website you need to look at the other sites first and ask yourself: "These casinos are full of crypto-currency users who are betting huge amounts daily. How could I compete with them?"
So you have to work much more on your site. Your betting idea on the last digit of the transaction hash is interesting indeed but you need to come with a design to suit your idea. Otherwise you won't attract many gamblers.

[ShodanEnkidu]

No I don't think so. I will not invest in it