Community funded casino

[Accardo]

If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?

Maybe I will do it but it all depends on how the management and marketing of the casino. Actually all the casinos that can develop and compete with other casinos are not about where the source of the funds is but how the marketing of the casino. So that the future of the casino actually remains dependent on the marketing of casinos that reach customers widely to continue to get new customers every day and have high traffic.

Considering marketing, the forum is a nice place to disseminate gambling companies, other targets would be on social media platforms. And they're lots of users who are no long in the forum but would be interested to check the casino out if the advert pops out in their feed. Hence, it'll only take up few time for the awareness to go all round and begin to fetch convertion.

[Ever-young]

yes but all transactions and stats should be fully transparent otherwise there could be some scams

if the casino makes use of a blockchain then this is possible it is most likely that if there was a casino to be funded by this community then it would definitely be ran through a blockchain

there has to be a massive trust between members of the community for it to run well and the ones in charge should be ones with great reputation here in the forum and i think it could be a great way to further engage the community

How will the game be like? How will they handle everything and make sure that it's transparent to everyone? Unless it's just going to be a blockchain-based casino where it's fully decentralised, where each going in and out of each fund from players wallets can be traced, that's the only way it can help.

But this type of business requires complete trust and honesty if that's going to happen, which likely it won't. It's to pick up top trusted people who will have full access to the casino and report back to others for them to know how things are going, so by so doing, everyone will know how things are going to some certain level, at least to a fair level, but we should expect everything to be entirely transparent.

[Zigabel]

If the forum gets such, I wouldn't mind investing in with, moreover the forum has got what it takes to get the publicity within the shortest period of time and the profit traffic will be evident within the shortest possible time, I only doubt if the forum will be interested in any of such any soon.

[rodskee]

Considering marketing, the forum is a nice place to disseminate gambling companies, other targets would be on social media platforms.

good point for bringing up marketing because in this forum there are other casinos that are being promoted by the members do we think other members will willingly leave the casinos and its campaign they are working for to promote and use the new casino?

it will be a hard time to go against preestablished casinos and casinos that are already famous and have high credibility among forum members

[batang_bitcoin]

I'll probably invest with the little that I have now, the spare money that I have as it's wise to invest if there's an opportunity if it's a community driven casino. We'll never know if it's going to be good or a flop. I just want to ride along with the roller coaster that it will have because I haven't experience this type of crowdfunding that's driven by the community. I think some reputable and real developers out there might think of it and would like to propose that will show their pitch to everybody.

[Reatim]

I'll probably invest with the little that I have now, the spare money that I have as it's wise to invest if there's an opportunity if it's a community driven casino.

will this be an investment opportunity for the members to earn? i am sure many members would be willing to invest just for the sake of the community and is not exactly looking for an opportunity to earn money

besides if a community driven project gets driven by greed and desire for profit it might collapse soon and fast i would not recommend it

[batang_bitcoin]

I'll probably invest with the little that I have now, the spare money that I have as it's wise to invest if there's an opportunity if it's a community driven casino.

will this be an investment opportunity for the members to earn? i am sure many members would be willing to invest just for the sake of the community and is not exactly looking for an opportunity to earn money

besides if a community driven project gets driven by greed and desire for profit it might collapse soon and fast i would not recommend it

If it's about profitability, don't expect that earning is immediate. Just like the typical casinos, they expect long time before they earn and even get the ROI. So, it will take time before everyone does but as long as there are records and there is a volume and increase in number of players and it is very consistent, you'd expect earning much faster than expected. Greed should be for the players themselves but most investors are patient and understands that this is going to take a long haul.

[o48o]

In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.

If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?

There have been ton of casinos that have accepted bankroll funding in the past. I am unsure if they still do that. First crash games and some dice games come to mind. But you would need to fund them quite a lot to make decent income, as edges were small and you often have to wait quite a bit before probability of that edge kicked in and you weren't in loss.

I sometimes wonder if i left any of my bitcoins in them back in time when btc was worth $400, and forget they exist. Maybe i should revisit them to see if they still exist.

And isn't polymarket technically funded by community? Or are they using liquidity of some third party?

But about it surviving in casino competition... No. There are just more to these then house games that should be funded and all of them are running in centralized servers. That leads to compulsory regulatory oversight, and soon it would just seem like any other centralized casino. So you might as well invest in some casino's stocks.

[danherbias07]

If the forum gets such, I wouldn't mind investing in with, moreover the forum has got what it takes to get the publicity within the shortest period of time and the profit traffic will be evident within the shortest possible time, I only doubt if the forum will be interested in any of such any soon.

Yeah, legality means going public too. It takes out the privacy. And I don't think a decentralized online casino is going to work out so there will be the application of license and other paperwork to be a legitimate gambling site.
I do bet it will work but who will be the face to do those kind of work is the bigger question. It must be a reputable member so it can pull more investors and then players too. But yes, I do agree that it will not be that difficult to get supporters and be one of the most popular casinos if it does happen. We have a lot of members here and I bet most of us have some spare cryptocurrencies to put into investments especially if the offer is good in the long-term.

[Natalim]

If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?

I'm not sure anyone in this forum has the courage to manage a casino with people they only know here without physical contact or anything. Maybe that is the reason why we still don't hear anything about it because of the difficult situation he will be in.

Trust is a big factor when it comes to online investing, and we can't eliminate worries in our minds as we never know the person who runs the business. It involves money already, and we can't guarantee that we are handing our money to the right person.

[Solosanz]

It's almost impossible for this forum to run crypto casino.

Bitcointalk.org is in US jurisdiction and the US is really strict with regulation, when the casinos have license, pretty sure the US will be one of the country that will be restricted to play. Except the casino comply with the US regulation, they will legal to accept the US citizen, but as we know it's not as easy as that.

There have been ton of casinos that have accepted bankroll funding in the past. I am unsure if they still do that.

They still do that, but it's no longer profitable because the popular casinos nowadays not accept bankroll investment while casinos that accept it mostly old ones.

[TheUltraElite]

Developed by bitcointalk forum? That is a long shot thing to say considering our next version of the forum having been delayed already for quite some time.

In either case I do the concept of investments in the casino bankroll. In my opinion it is one of the best options for a long term investment. I have invested in quite a few of the casinos that have offered such schemes and all of them have been profitable except bitvest.

Indeed if such a thing comes to fruition, I will take look at it.

[davis196]

In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.


If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?

The gambling business is extremely competitive and no crypto casino is guaranteed to succeed and become profitable.
What if the "community funded" casino fails at becoming profitable and it can't payout any profits to the investors?
What if the "community funded" casino actually turns into an exit scam and the casino owner simply runs away with the bankroll investments.
Those are the two main reasons, which are stopping me from investing in a casino bankroll. Why are you asking this question? Are you interested in investing in a casino bankroll? Do you want to launch a community funded casino? Please share with us more info about your ideas.

[ethereumhunter]

If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?

I'm not sure anyone in this forum has the courage to manage a casino with people they only know here without physical contact or anything. Maybe that is the reason why we still don't hear anything about it because of the difficult situation he will be in.

Trust is a big factor when it comes to online investing, and we can't eliminate worries in our minds as we never know the person who runs the business. It involves money already, and we can't guarantee that we are handing our money to the right person.

We don't know for sure. Maybe some members want to be the investor for that project and funding with bankroll. That will depend on how the members see the vision on that casino and how big the opportunity so they will want to invest to that casino.

Maybe those who have a strong relationship with some members can cooperate and build the casino and run it. But if this is related to money, they must be careful because money can change people. Trusting is a big factor in online investing so without knowing that person closer, we will not easily to invest in any project especially using big money.

[benalexis12]

In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.


If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?

If I saw something like that, I probably wouldn't even think about investing and I haven't seen anyone do that in the crypto space field that has given such an offer. Then again, I always just play gambling for fun, but it doesn't mean I don't want to win at the casino, of course not.

Maybe other gamblers will invest, depending on what they think about such opportunities if they ever see a casino that does that in the future.

[shield132]

In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.


If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?

It's hard for community-funded projects to exist. A few years ago, many casinos were offering bankroll investment options to people and one of the best and latest casinos that I know that did it was YOLOdice.
Trust is the problem in this business. The casino owner can predict the outcome of the bet before they make a bet because they control seeds and everything, so they can drain community bets by profiting from each bet. That's why community-funded projects won't work. Besides this problem, another problem is employees and salaries. What's the fair salary for a developer, designer and CEO in a community-funded project? That's a very debatable thing.

[Botnake]

Like you mentioned (in the past), that old way isn't really working anymore. Nowadays, community funding mostly happens through ICO investments. But let's be honest, what percentage of those casino projects actually deliver? I'm pretty sure only a few do, which means it's not a feasible investment for the community. Most successful online casinos are now backed by private investors, not the public.

[ovcijisir]

In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.


If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?

There were casinos where you could get some return on you bankroll, for example freebitco.in and bitvest, but it seems that freebitco is now started to get ruined and for bitvest I don't know situation. When you invest in their bankroll there is certain risk because you lose custody over your funds, but some people are willing to risk certain amount of funds for promised return.

As for casino developed by BTT community, I would certainly be interested if it initiative would come from reputable members of community

[Russlenat]

As for casino developed by BTT community, I would certainly be interested if it initiative would come from reputable members of community

I don't think it's possible now, if crowdfunding didn't work back when it was popular, it's unlikely to happen now. Even though casinos are a hot business in the crypto space, when it comes to investments it's much easier to find private investors, especially if the project is run by a trusted team with a solid reputation on the forums. I even saw a post where a member was asked if he'd sell his account for $10k. That just shows how valuable reputable members are, even if we hide behind anonymous accounts.

[EarnOnVictor]

As for casino developed by BTT community, I would certainly be interested if it initiative would come from reputable members of community

I don't think it's possible now, if crowdfunding didn't work back when it was popular, it's unlikely to happen now.

Wait a minute, let me learn from you as a senior member. Was there any time crowdfunding was introduced on the forum but failed? I can only read of successful BTC donations in the past, please shed light on that.

For me, if there would be some kind of funding on the forum where individual shares would be allocated in percentages based on the contribution, I would be the first to risk it.

Even though casinos are a hot business in the crypto space, when it comes to investments it's much easier to find private investors, especially if the project is run by a trusted team with a solid reputation on the forums.

This is not as easy as you think, many will tell you their proposals but do you know their true intention? You need big money to start making commands and introducing lawyers to such projects.