Firstly, you cannot call an unknown reviewer\editor an "independent researcher"
Secondly, the research compares the old-type gambling business of 1998 with no mentioning of the new-school cryptocurrency casinos that proliferated big time since then.
We should skip that part of the story where anybody with a related background admits that using random.org through Oracalize is not that "safe" and "true" RNG source. Do some in-depth research to find out why.
Next, the innovation part:
- Crowdfunded casinos are not new/innovative anymore... They were few years back.
- Cost advantage is highly doubtful argument. Transaction fees remain high for small wager and in many instances make betting economically meaningless
- Practically impossible to conduct marketing layer on top of the contract, which means you need to adjust it constantly
Then you've got a bunch of legal issues as a bonus problem
You do not mention the current players who share the biggest portion of the gambling crypto market, such as PrimeDice, BitDice, Just-Dice and others.
And, most importantly, your research misses any sort of forecasting model to give us a range of numbers we need to see: revenue, costs, cash flows, etc
Hence I'm asking again where did you get this 30X return in 6 month from?
Regards,
Alex
We are still in the beginning of your development fundraising etc..
and we will face lots of obstacles and issues over time but we are very confident that we can change the gambling industry the way it works right now
we are aware of your mentioned issues and we are working on a solution for all those problems
Im in crypto since a few years now and 30x after ICO is nothing to spectacular and it seems to everyone a fair estimate
of course we dont know for sure and this estimate isnt from DAO Casino itself this estimate comes from independent researchers
Crowdfunding for casinos is nothing new but we arent primarly a Casino we are a casino platform, everyone is able to host its own games on his own domain.
We have a great way that will reward everyone from marketers to bankroll backers to developers plus we are able to give gamblers a chance of provably fair gambling because our source code is publicly accesibly and alone that fact will make us set apart from those shady dice games you mentioned earlier
Yes Casinos go bankrupt, just look at our President Donald trump, he managed to bankrupt 3 casinos in 1 city but we are not looking for what can go wrong we are working on making things better.
Dont expect a casino that is up and running without any issues right away but we will do everything we can to make sure our casino is a win win for everyone
