Author Topic: BitUSD Dice & BitAsset gambling  (Read 6376 times)

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Offline BunkerChainLabs-DataSecurityNode

http://www.coindesk.com/bitcoins-gambling-boom-just-getting-started/

Some Bitcoin gambling platforms do $10 million+ a month in Bitcoin volume, so I'm guessing you're looking at $100 million a month Bitcoin gambling volume.

Considering BTS is about 1% the size and daily volume of Bitcoin, we could be talking up to a $1 million in monthly BitAsset volume right now if BTS users were given access to BitAsset gambling.

WOO HOO.. BTS Ponzi here we go come. Somehow I don't get the sense that this community has a huge desire for this. I maybe wrong... but there are a LOT of issues that come with this... none of them seem to fit into BMs mission statement either.

You must have a very skewed definition of ponzi.

A certain % of people like to gamble, crypto gives the option to do it with a very small house edge so it's extremely popular.

My reference was to the very recent explosion of ponzi 'gambling' going on in BTC. Dozens popped up in the last month after one giant one made off with thousands in BTC. Sure there is the standard gambling.
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Offline Empirical1.1

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http://www.coindesk.com/bitcoins-gambling-boom-just-getting-started/

Some Bitcoin gambling platforms do $10 million+ a month in Bitcoin volume, so I'm guessing you're looking at $100 million a month Bitcoin gambling volume.

Considering BTS is about 1% the size and daily volume of Bitcoin, we could be talking up to a $1 million in monthly BitAsset volume right now if BTS users were given access to BitAsset gambling.

WOO HOO.. BTS Ponzi here we go come. Somehow I don't get the sense that this community has a huge desire for this. I maybe wrong... but there are a LOT of issues that come with this... none of them seem to fit into BMs mission statement either.

You must have a very skewed definition of ponzi.

A certain % of people like to gamble, crypto gives the option to do it with a very small house edge so it's extremely popular.
« Last Edit: January 27, 2015, 11:37:01 pm by Empirical1.1 »

Offline BunkerChainLabs-DataSecurityNode

http://www.coindesk.com/bitcoins-gambling-boom-just-getting-started/

Some Bitcoin gambling platforms do $10 million+ a month in Bitcoin volume, so I'm guessing you're looking at $100 million a month Bitcoin gambling volume.

Considering BTS is about 1% the size and daily volume of Bitcoin, we could be talking up to a $1 million in monthly BitAsset volume right now if BTS users were given access to BitAsset gambling.

WOO HOO.. BTS Ponzi here we go come. Somehow I don't get the sense that this community has a huge desire for this. I maybe wrong... but there are a LOT of issues that come with this... none of them seem to fit into BMs mission statement either.
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Offline Ander

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This also had a major impact on getting bitcoin's network effect going early on.  (Satoshi Dice!)
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Offline Empirical1.1

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http://www.coindesk.com/bitcoins-gambling-boom-just-getting-started/

Some Bitcoin gambling platforms do $10 million+ a month in Bitcoin volume, so I'm guessing you're looking at $100 million a month Bitcoin gambling volume.

Considering BTS is about 1% the size and daily volume of Bitcoin, we could be talking up to a $1 million in monthly BitAsset volume right now if BTS users were given access to BitAsset gambling.

Edit: An internal option that only let you wage with BitAssets (but not BTS) would be ideal. It would get us using the wallet & BitAssets more and massively increase BitAsset volume.
Even an external site would be fantastic though and from cursory research would do big volumes from inception. (No advertising required for the first mover either & BTS users would use it in a similar ratio to what Bitcoin users do.)
« Last Edit: January 27, 2015, 11:34:44 pm by Empirical1.1 »