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Author Topic: DAO.Casino to Launch Token Sale Today  (Read 757 times)
adoalli
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July 20, 2017, 02:22:10 PM
 #21

So finally DAO Organisation started their casino to recover the lost funds? Are they the real DAO organisation? I am sure they have still a huge budget to crush any favorite gambling platform here.

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dogedice.me
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July 20, 2017, 02:36:45 PM
 #22

So finally DAO Organisation started their casino to recover the lost funds? Are they the real DAO organisation? I am sure they have still a huge budget to crush any favorite gambling platform here.

Unfortunately, that's a huge misunderstanding.  

Crypto market is less than 5% of the global fiat market. You can see how so-called huge ICOs that have some traction now performed. Like vDice, Etheroll and Edgeless (who by the way lost all funds yesterday with parity exploit). vDice has 50.000 bets, etherol has 90.000 ETH wagered. On BitDice players made several million bets and wagered more than 300.000 ETH for the same period.

Casinos on smart contracts have a huge drawback. Only BitDice Casino now targeting a fiat casino market with a market size 20x times bigger than crypto.

Regards,
Alex

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adoalli
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July 20, 2017, 02:41:27 PM
 #23

So finally DAO Organisation started their casino to recover the lost funds? Are they the real DAO organisation? I am sure they have still a huge budget to crush any favorite gambling platform here.

Unfortunately, that's a huge misunderstanding. 

Crypto market is less than 5% of the global fiat market. You can see how so-called huge ICOs that have some traction now performed. Like vDice and Etheroll (who by the way lost all funds yesterday with parity exploit). vDice has 50.000 bets, etherol has 90.000 ETH wagered. On BitDice players made several million bets and wagered more than 300.000 ETH for the same period.

Casinos on smart contracts have a huge drawback. Only BitDice Casino now targeting a fiat casino market with a market size 20x times bigger than crypto.

Regards,
Alex

If the bets being rolled are big and players are constantly playing then how can you say that casinos on smart contract are not at par with casinos deployed by traditional approach. At the end of the day what it matters is how many people do come back to play..? From what i have read is that Ethereum smart contracts are being deployed in every field now and will soon replace the traditional approach. I may not be much eligible as you to comment on this but i told you what i felt.
Sorry if i have commented anything wrong.

dogedice.me
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July 20, 2017, 02:53:18 PM
 #24

If the bets being rolled are big and players are constantly playing then how can you say that casinos on smart contract are not at par with casinos deployed by traditional approach. At the end of the day what it matters is how many people do come back to play..? From what i have read is that Ethereum smart contracts are being deployed in every field now and will soon replace the traditional approach. I may not be much eligible as you to comment on this but i told you what i felt.
Sorry if i have commented anything wrong.

That's okay. It is a common misconception about casinos on smart-contracts.

Check vDice - https://www.vdice.io/ - they hide wagered volume and net profit, but show number of bets - only 55,537 bets
Another casino Etheroll - http://www.cryptocurrencychart.com/etheroll-live-stats/USD - their users wagered 91,841 Ethereum with 49.000 BETS

What's more important is that their users PAID  58,437 USD in COMMISSIONS to play the game. It's more than 1 USD per bet.

All Ethereum casinos combined is about 1% of the Bitcoin casino volumes. Bitcoin volume is only about 5% of the whole online gambling market.

Regular players do not care about smartcontracts, they will not install special browser, special plugin and remember some special seed to play.

That's why BitDice is targeting FIAT players, rather then concentrate on smart-contract games.


PS: Sorry for the previous post, it's Edgeless who lost all funds and not Etheroll.

Regards,
Alex.


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