Do signature campaigns silently go all-in?

[Apocollapse]

• Not all popular social media platforms advertise gambling. So, a forum like this is a nice place for casinos to advertise.

The developers don't allow to advertise gambling, but the user can create a gambling content or use the casino's logo when they discuss something. After all there's a way to promote gambling even though technically isn't allowed.

Everyday, I always see someone promote gambling in social medias despite I didn't search it

• There are alot of gamblers in the forum and it is ok to assume that percentage of weekly signature campaign earnings for some people goes back to gambling in the same casino.

I really doubt we have a lot gamblers. it's more like non gamblers that discuss about gambling.

• Casino is a major adopter of bitcoin and cryptocurrency. I mean BTC has a good use case in Casino which is a reason for the marriage.

I also doubt people are using Bitcoin to gamble when there are many users complain about the fees and regret if Bitcoin price increase after they lose. I think people are either using stablecoins run in cheap network or cheap coins.

[Botnake]

However, my point is, is Bitcoin development so difficult? Is it a thing from the past? Nobody writes bitcoin-related software anymore? Why on earth isn't there any good bitcoin-related product advertised in the forum?

We have section for that maybe there are still some topics regarding bitcoin developement or those who write bitcoin related tech.

Btw. Im not sure if tokens using bitcoin network is somehow related cause Ive seen a lot of project advertised on twitter which gives emphasized on doing defi but on bitcoin network. ( but somehow maybe resemblance as altcoin instead as a bitcoin development)

Bitcoin-related software isn’t for everyone. Honestly, maybe just 1% of people here even talk about it. Gambling, though-that’s easy for anyone to jump into. And it’s actually a good thing the forum isn’t super strict with campaigns, even though casinos, like mixers, have some ties to money laundering.

There were projects in the past, but most weren’t even about Bitcoin, they were altcoin projects run in ICOs. And now that ICOs are pretty much dead, they’ve lost steam, and so no new signature campaigns are coming from that side. But that’s just how it goes, things change, and there's no promise the forum will stay the same forever. We just have to keep doing our thing. If anyone’s into Bitcoin software development, the right boards are there for it.

[LoyceV]

Bitcoin-related software isn’t for everyone. Honestly, maybe just 1% of people here even talk about it.

Estimates of the number of Bitcoin "owners" are always many times larger than the number of funded Bitcoin addresses. That means most Bitcoin "users" keep their coins on exchanges, which explains why centralized exchanges are too big to advertise here (some posted here in their early days). Instant exchanges are much smaller, and their customer base is limited to the people who use their own wallet. I expect the percentage of altcoin "owners" that uses their own wallet to be even smaller.
The big money is with centralized exchanges, miners and casinos. The first 2 of this list don't need to advertise here. That just leaves casinos and some small instant exchanges.

[apogio]

I also see it that way. Remember how ChipMixer was simply the number one mixer everyone used? They spent quite some money here, but I would say it paid off (for the time they were up running). If I needed a mixer, the first thing in my mind would be "ChipMixer", and their signature campaign was the main reason.

It's good to hear that a bitcoin related campaign actually led to the usage of the product by bitcoiners.

I end up wondering why most exchanges don't want to run promotions on forums. I know they already have a large client base without promotion on this forum, but their involvement in the community can help this industry grow better. bitcointalk is the biggest discussion forum they deserve, at least they need to consider running a campaign as a bonus for contributors on this forum.

Could be true, but if they spend (?) money on research and see that their ads in other websites give them significant revenue increase, perhaps they find bitcointalk space less effective.


Another thing that crosses my mind is that perhaps the interest on bitcoin-related projects grows when something significant happens.

For example, mixers were advertised a lot when the non-sense about "clean" coins was in very high demand. Maybe because of the new regulations that governments apply.

Another example is the non-kyc exchanges which became more popular after FTX, or after the rumours/news about Binance doing money laundering.

Finally, it's almost certain that as bitcoin price increases, more people will join the forum. I don't care about the price change personally, but many people do.

[hd49728]

Could be true, but if they spend (?) money on research and see that their ads in other websites give them significant revenue increase, perhaps they find bitcointalk space less effective.

It is less effective than other modern platforms in marketing but there is fact that no communities are the same and companies can find different potential customer targets for their companies by doing marketing in different communities.

Like Twitter and Facebook can be more or less common in a nation so if a company has to choose either Facebook or Twitter (now X) for their marketing, they have to do local research on which platform is most popularly used in that country.

I think I am not biased to say gambling sites actually get good traffics and effects from their signature campaigns here, that gave them convincing results to continue their campaigns a long time. I see that no all gambling sites can run long lasting campaigns and it reveals that you are a Bitcoin-based product company or a gambling company, if you can not have good revenue from marketing, you have to stop it.

[FinneysTrueVision]

Gambling sites are the majority today, in the past it might have been mixers. There have also been a good amount of campaigns for instant exchanges. The thing they all have in common is that they are in a legal gray area and they are restricted from advertising on many mainstream platforms.

I’ve also wondered why there aren’t other kinds of products advertised. I would think that Trezor and Coldcard have the budget to run a signature campaign if they wanted and they would be reaching their target audience.

Even if the forum loses popularity, it is still great for SEO purposes because of the notoriety of being the forum that Satoshi and many other notable people were members of. As long as the website is kept running you can always count on there being traffic directed to the forum.

[LoyceV]

Another example is the non-kyc exchanges which became more popular after FTX, or after the rumours/news about Binance doing money laundering.

Non-KYC exchanges have always been popular, and many of the current large exchanges started like that. I've used Bittrex, Binance and Poloniex long before they asked for KYC. Many of the current large Bitcoin casinos also started like that, and when they got bigger, they had to become compliant.
Whether I like it or not, I think this means Bitcoin's usage is maturing. It's less of a "Wild West" out there.

[un_rank]

It was just a few pages on the Auction section to see what they are at least for the year 2022, but upon looking at the last threads, they're mostly gambling ads.

It looks to be the same for previous years too. There are some services that cannot be verified directly through the usernames that made the bid, but at least 1 in 5 was a non casino related service, which is far less than what we see with signature campaigns today (in the absence of mixers).

Even if the forum loses popularity, it is still great for SEO purposes because of the notoriety of being the forum that Satoshi and many other notable people were members of.

Signature campaigns are great for creating a space for yourself and building reputation but not for SEO purposes.

- Jay -

[tabas]

It was just a few pages on the Auction section to see what they are at least for the year 2022, but upon looking at the last threads, they're mostly gambling ads.

It looks to be the same for previous years too. There are some services that cannot be verified directly through the usernames that made the bid, but at least 1 in 5 was a non casino related service, which is far less than what we see with signature campaigns today (in the absence of mixers).

What we can assure with that data is that there is no altcoin project there IIRC. That's probably what it was then, more casinos, more campaigns.

Even if the forum loses popularity, it is still great for SEO purposes because of the notoriety of being the forum that Satoshi and many other notable people were members of.

Signature campaigns are great for creating a space for yourself and building reputation but not for SEO purposes.

- Jay -

It's also a plus that they get the target market that they want to advertise their service/product. All of them are related to crypto so as their viewers and potential customers from the forum.

[un_rank]

What we can assure with that data is that there is no altcoin project there IIRC. That's probably what it was then, more casinos, more campaigns.

Altcoin projects usually go for bounty campaigns over signature or ads auction. You also have to factor in that theymos filters auctions he accepts so there are those who applied without being accepted.

It's also a plus that they get the target market that they want to advertise their service/product.

If you have a service that accepts crypto and is legitimate, you have target audience on this forum.

- Jay -

[Alone055]

Is there any rational explanation behind the fact that a Bitcoin forum -I repeat, a Bitcoin forum- is full of casino signatures?

This is probably because they mostly use cryptocurrencies (including Bitcoin) as their primary payment methods, this forum is related to cryptocurrencies, and they know they are going to find people with a general interest in cryptocurrencies who might also like gambling. I don't see any other logical explanation for this question. A casino accepting Bitcoin as a payment method would look for gamblers having Bitcoin or at least have an interest in cryptocurrencies which makes them potential customers.

Have you heard about targeted advertising? It's basically the same thing. Casinos advertised on this forum accept cryptocurrencies, so they are targeting people who are interested in cryptocurrencies, and I can't think of a better place for any company to find such people than this forum.

Why on earth isn't there any good bitcoin-related product advertised in the forum?

You answered this question yourself:

Is it because bitcoin projects can't be easily monetized?
Is it because even if they were monetized, they couldn't have the profit margins that casinos have, so they could be efficiently advertised?

[tabas]

What we can assure with that data is that there is no altcoin project there IIRC. That's probably what it was then, more casinos, more campaigns.

Altcoin projects usually go for bounty campaigns over signature or ads auction. You also have to factor in that theymos filters auctions he accepts so there are those who applied without being accepted.

In the past, there were a bunch of signature campaigns for altcoins that paid BTC, the most successful ones did that. IIRC, that was during the preICO period and then came 2018, the bear market, and most of them died. But as for the auction for the forum ad slot, you're right.

It's also a plus that they get the target market that they want to advertise their service/product.

If you have a service that accepts crypto and is legitimate, you have target audience on this forum.

- Jay -

Exactly.

[EarnOnVictor]

Is there any rational explanation behind the fact that a Bitcoin forum -I repeat, a Bitcoin forum- is full of casino signatures?

Let's put it this way; should the interested business that feels to be advertised here be chased away when there are few or no businesses interested in advertising core Bitcoin-related products with genuine interest? There are various sections to typically discuss Bitcoin and had it been it was possible, the intereted adverts, as you want, would have come. But the reality now is that "If the preferred is not available, the available will be preferred."

Again, Bictointalk has a wide scope, it has all the sections to make it not Bitcoin-typical discussion alone but also fun and extras.

Besides, the typical Bitcoin projects I've seen here often want to advertise for free (even if they know how to gain from it). I don't see how convenient that is with most forum users if they can participate and still earn money for their discussion. Many may tell you it's not about that but the truth is evident in how we wear the signatures of companies all around.

[apogio]

Besides, the typical Bitcoin projects I've seen here often want to advertise for free (even if they know how to gain from it).

I am wearing a free-of-payment signature, but what do you mean "they want to advertise for free (even if they know how to gain from it)" ?

Couldn't they simply generate smaller incomes, making them unable to afford $500 - $1000 / week for advertisement?

The number $500 - $1000 is arbitrary but not very far from reality. I 've seen campaigns paying more than 1M satoshis per week to the campaigners. Which means that the companies pay 1M + the manager's salary. In today's terms, 1M satoshis = $669

Perhaps bitcoin-related projects can't pay that much, even if the projects are great.

[LoyceV]

1M satoshis = $669

Perhaps bitcoin-related projects can't pay that much, even if the projects are great.

It nicely shows the difference between the real world, where $669 is a lot of money, and the ICO/Defi/NFT/Ordinal money grabbers, where $100 million is nothing.

[apogio]

It nicely shows the difference between the real world, where $669 is a lot of money, and the ICO/Defi/NFT/Ordinal money grabbers, where $100 million is nothing.

Exactly my point.
In general though, like everything in the universe, the situation will be stabilised and everything will be in great equilibrium.
It’s a matter of time, perhaps a lot of time, but it will!

[Amphenomenon]

What we can assure with that data is that there is no altcoin project there IIRC. That's probably what it was then, more casinos, more campaigns.

Altcoin projects usually go for bounty campaigns over signature or ads auction. You also have to factor in that theymos filters auctions he accepts so there are those who applied without being accepted.

In the past, there were a bunch of signature campaigns for altcoins that paid BTC, the most successful ones did that. IIRC, that was during the preICO period and then came 2018, the bear market, and most of them died. But as for the auction for the forum ad slot, you're right.

There was even an altcoin signature campaign that paid in bitcoin, during their pre sale earlier this year and base on the report of the CM it really did well [The END] SWGT Signature Campaign 🔥 Binance #SWGT & CERTIK Audited

It nicely shows the difference between the real world, where $669 is a lot of money, and the ICO/Defi/NFT/Ordinal money grabbers, where $100 million is nothing.

Exactly my point.
In general though, like everything in the universe, the situation will be stabilised and everything will be in great equilibrium.
It’s a matter of time, perhaps a lot of time, but it will!

I doubt there will ever be equilibrium, this's the ironic thing about life, people will often move to where the money is and that's why we see the meme frenzy era going on now, while last year it was ordinals. These projects may not consider this forum as a serious marketing point, maybe because of the legitimacy and transparency of their project or what entirely the project is actually about, but those which are legitimate and transparent often will see here as good marketing point.

[LoyceV]

In general though, like everything in the universe, the situation will be stabilised and everything will be in great equilibrium.

I'm not sure what you mean here. One could argue the universe is always in equilibrium. And for every sucker who no longer falls for money grabbing schemes, 10 new ones are born.

[apogio]

I'm not sure what you mean here. One could argue the universe is always in equilibrium. And for every sucker who no longer falls for money grabbing schemes, 10 new ones are born.

Sorry, all I meant was that justice comes sooner or later.

It's gone out of subject. I think it's clear that it's as simple as:

1. bitcoin companies generate less income or don't want to use their income for advertisement in the forum.
2. the users of the forum prefer to wear signatures that pay them (which is acceptable).
3. the forum is an all-inclusive space where too many subjects are developed and it's not a bitcoin-only forum. This is also acceptable, I guess. It may haven't been Satoshi's primary idea, but in order to keep the forum running and bring more people you need to broaden the areas that are covered.


Hereby, I don't talk about casinos / gambling anymore, but my final plea is: please, before wearing any signatures, just make sure the company is legit, no matter what their business area is. Don't wear signatures just for the money. Verify (as well as you can) the integrity of the business that you promote. Luckily, most campaign managers filter out the garbage and present mostly solid companies, but the past has shown that some companies advertised in here weren't as good as people thought they were.

[Plaguedeath]

I am wearing a free-of-payment signature, but what do you mean "they want to advertise for free (even if they know how to gain from it)" ?

I would take it like this, why they need to spend money if the users are willing to wear the signature for free?

Sometime I think wearing signature for free has a drawback, it make the project get free advertisement and it could influence the project to pay lower, because it's easier to make people to wear the signature. If someone wearing non profit project signature like Bitcoin site or donation, it's fine, but not for other thing...