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Author Topic: Casino / Betting coins - collection & speculation thread  (Read 267 times)
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ArminH
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November 13, 2017, 06:43:46 PM
 #1

There are many casino coins out there and it's getting more every day.
I want to collect all coins here and start a serious discussion about the potential, dev team, code, whitepaper and so forth.
If you just hype your own coins without any reasonable arguments, you will be ignored.
Firstly, let's collect the coins.

I remember:

Bitdice
Stake
FunFair
Viabet
DAO.Casino
Galaxy Esolutions
Monsterbyte
Etheroll

But I'm sure there are more.

Until collected, you can just mention the coins, without stating detailed information.

I will start with FunFair, because I just did some research.

Name: FunFair (FUN)
Market cap: ~ 56,000,000 $
CEO: Jez San Obe
Last price: ~ 220 Satoshis

Pros:
- working product before ICO
- good & experienced team of devs
- not hyped yet
- reduced supply recently by 6 billion (to about 11 billion)
Cons:
- no progress recently
- rate stagnating
- difficult to attract 'normal' gamblers (see AlHaymon's comment)

I will add more information later.
Feel free to add anything I forgot or just start with another coin.
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lokinator
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November 13, 2017, 07:05:35 PM
 #2

I suppose it is worth mentioning that FUN recently had a pretty massive burn of non-issued ICO coins last month. Which lowered the total supply from about 17 billion to about 11 billion.

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ArminH
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November 13, 2017, 07:10:01 PM
 #3

I suppose it is worth mentioning that FUN recently had a pretty massive burn of non-issued ICO coins last month. Which lowered the total supply from about 17 billion to about 11 billion.
True, but only 4M circulating right now.
Still think it's a Pro?
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November 13, 2017, 07:15:11 PM
 #4

I suppose it is worth mentioning that FUN recently had a pretty massive burn of non-issued ICO coins last month. Which lowered the total supply from about 17 billion to about 11 billion.
True, but only 4M circulating right now.
Still think it's a Pro?

You mean 4 billion circulating now.... And yes. It is always a pro to have less total supply. At least in terms of value per coin.

Less total supply = less possible supply for circulation in the future.

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ArminH
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November 13, 2017, 07:23:02 PM
 #5

I suppose it is worth mentioning that FUN recently had a pretty massive burn of non-issued ICO coins last month. Which lowered the total supply from about 17 billion to about 11 billion.
True, but only 4M circulating right now.
Still think it's a Pro?

You mean 4 billion circulating now.... And yes. It is always a pro to have less total supply. At least in terms of value per coin.

Less total supply = less possible supply for circulation in the future.
Of course billion Smiley
Thanks, added!
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November 13, 2017, 07:53:37 PM
 #6

Dao.casino, it is not hyped even known. They are working on a casino protocol, bigger than other ones. Can be said sleeping giant for it

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November 13, 2017, 07:54:26 PM
 #7

- DAO.Casino (BET)
- Galaxy Esolutions (GES)

Edit: justin was faster
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November 13, 2017, 08:09:37 PM
 #8

In regards to FunFair in particular and the games it is offering such as a slots, craps, black jack, roulette, etc. Those are all games that currently aren't the main attraction to current online gambling sites not using blockchain. The big attractions are poker and sports gambling, the people are drawn to the sites to play those games, and the video based games like slots and dice are just something they shortly play as a side event. I feel FunFair having a transparent code does address the big criticism that the non blockchain based sites video based games are "rigged". There has been a growth in sites using real dealers in black jack with a live feed of video to address the issue of gamblers thinking it is "rigged". The people that play slots and electronic games generally aren't the most sophisticated group of people, it's going to be hard to sell them on the idea that the transparent code enables fair game play.  The knowledge of crypto by the everyday public will have to grow a ton for FunFair to really take off.
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November 13, 2017, 08:36:55 PM
 #9

Dao.casino, it is not hyped even known. They are working on a casino protocol, bigger than other ones. Can be said sleeping giant for it

- DAO.Casino (BET)
- Galaxy Esolutions (GES)

Edit: justin was faster
Added!
ArminH
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November 13, 2017, 08:40:26 PM
 #10

In regards to FunFair in particular and the games it is offering such as a slots, craps, black jack, roulette, etc. Those are all games that currently aren't the main attraction to current online gambling sites not using blockchain. The big attractions are poker and sports gambling, the people are drawn to the sites to play those games, and the video based games like slots and dice are just something they shortly play as a side event. I feel FunFair having a transparent code does address the big criticism that the non blockchain based sites video based games are "rigged". There has been a growth in sites using real dealers in black jack with a live feed of video to address the issue of gamblers thinking it is "rigged". The people that play slots and electronic games generally aren't the most sophisticated group of people, it's going to be hard to sell them on the idea that the transparent code enables fair game play.  The knowledge of crypto by the everyday public will have to grow a ton for FunFair to really take off.
May I conclude this saying:
'Cons: Needs broader crypto adoption for substantial growth' ?

And don't you think this is an issue all the projects must face?
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November 13, 2017, 09:14:02 PM
 #11

In regards to FunFair in particular and the games it is offering such as a slots, craps, black jack, roulette, etc. Those are all games that currently aren't the main attraction to current online gambling sites not using blockchain. The big attractions are poker and sports gambling, the people are drawn to the sites to play those games, and the video based games like slots and dice are just something they shortly play as a side event. I feel FunFair having a transparent code does address the big criticism that the non blockchain based sites video based games are "rigged". There has been a growth in sites using real dealers in black jack with a live feed of video to address the issue of gamblers thinking it is "rigged". The people that play slots and electronic games generally aren't the most sophisticated group of people, it's going to be hard to sell them on the idea that the transparent code enables fair game play.  The knowledge of crypto by the everyday public will have to grow a ton for FunFair to really take off.
May I conclude this saying:
'Cons: Needs broader crypto adoption for substantial growth' ?

And don't you think this is an issue all the projects must face?

Yes, all projects face that. Think of the type of people that play slot machines and video gaming though. They generally aren't a well educated group of people. I don't know if you have been to many casinos (there's a ton where I live), but next time you are at one go look at all the slot machine players and ask yourself "does this person seem like they have the intellect to comprehend the security blockchain provides?". As far as gambling based cryto platforms, Viabet's P2P sports gambling has the chance to gain users a lot quicker. People in places where online gambling is illegal that use online sportsbooks are already much more familiar with crpto than say your average slot machine player at a casino.
ArminH
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November 13, 2017, 09:47:19 PM
 #12

In regards to FunFair in particular and the games it is offering such as a slots, craps, black jack, roulette, etc. Those are all games that currently aren't the main attraction to current online gambling sites not using blockchain. The big attractions are poker and sports gambling, the people are drawn to the sites to play those games, and the video based games like slots and dice are just something they shortly play as a side event. I feel FunFair having a transparent code does address the big criticism that the non blockchain based sites video based games are "rigged". There has been a growth in sites using real dealers in black jack with a live feed of video to address the issue of gamblers thinking it is "rigged". The people that play slots and electronic games generally aren't the most sophisticated group of people, it's going to be hard to sell them on the idea that the transparent code enables fair game play.  The knowledge of crypto by the everyday public will have to grow a ton for FunFair to really take off.
May I conclude this saying:
'Cons: Needs broader crypto adoption for substantial growth' ?

And don't you think this is an issue all the projects must face?

Yes, all projects face that. Think of the type of people that play slot machines and video gaming though. They generally aren't a well educated group of people. I don't know if you have been to many casinos (there's a ton where I live), but next time you are at one go look at all the slot machine players and ask yourself "does this person seem like they have the intellect to comprehend the security blockchain provides?". As far as gambling based cryto platforms, Viabet's P2P sports gambling has the chance to gain users a lot quicker. People in places where online gambling is illegal that use online sportsbooks are already much more familiar with crpto than say your average slot machine player at a casino.
Good point, I will add tomorrow!
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November 14, 2017, 01:03:25 AM
 #13

Monsterbyte MBI

https://monsterbyte.io/
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November 14, 2017, 12:14:15 PM
 #14

Added, thank you!
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November 14, 2017, 12:47:39 PM
 #15

Out of the entire list, I will only single out BitDice and Monsterbyte. Why? For the simple reason that the others are brand new ideas and concepts, launching ICOs to develop the ideas. In other words, no working product.

BitDice, I will be upfront, I am in their promotion campaign, so this already means I support it. Solid business, many years of successful operation and highest reputations. Biggest dice game bankroll with provably fair principles. Their ICO was done to expand their casino and update many new features to BitDice 2.0.

MonsterByte, also another old player in provably fair games. They launched an ICO to also expand the casino and sportsbook, upgrade their looks and improve their sportsbook betting.

Both are offering dividends to ICO investors.

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November 14, 2017, 01:22:33 PM
 #16

Betting is always very profitable and certainly the crypto will not be overlooked. I think using coin to trade bet activities is extremely great. If selected, I will definitely use coin to exchange.
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November 14, 2017, 02:39:07 PM
 #17

Out of the entire list, I will only single out BitDice and Monsterbyte. Why? For the simple reason that the others are brand new ideas and concepts, launching ICOs to develop the ideas. In other words, no working product.

BitDice, I will be upfront, I am in their promotion campaign, so this already means I support it. Solid business, many years of successful operation and highest reputations. Biggest dice game bankroll with provably fair principles. Their ICO was done to expand their casino and update many new features to BitDice 2.0.

MonsterByte, also another old player in provably fair games. They launched an ICO to also expand the casino and sportsbook, upgrade their looks and improve their sportsbook betting.

Both are offering dividends to ICO investors.
Thanks for providing this information and for sharing your thoughts on it.
Both projects focus on Gambling, but what about betting?
Don't you think this niche can be filled by one of the new projects?
Or is there maybe an existing project?
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November 14, 2017, 02:41:26 PM
 #18

When will Betking tokens (BKB) be added to the coinmarketcap ? BKB ico finished a few weeks ago. I am very curious about this issue. Any BKB holders have an idea about that ?

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November 14, 2017, 03:45:26 PM
 #19

Feel free to make an analysis of one of the coins mentioned above and share it here.
But please based on facts and figures.
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November 14, 2017, 03:56:18 PM
 #20

You didn't mention Ehteroll! They are probably one of the most simple concepts out there, and one of the most profitable coins to hold. Mathematically investors are insured they will get a dividend or payout from Etheroll, and I think and speculate the the price will keep on increasing. It only makes sense to me, the house has an edge and based on that a steady income. They have splited transactions into many million (they used to have low ether amounts avaiable for trade only, but are increasing the numbers that someone can bet) and that will drive a house profit that is much higher than in the past. So it's a self improving protocol and token that will eventually reach about half a billion (my prediction), considering that there will be other players out there that will want a piece of the cake.

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