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Offline Shentist

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Decentraliced Dice Game is a awsome idea!
« on: January 30, 2015, 11:16:37 PM »

I just heard the new mumble hangout and it is really funny. It seems everyone is concerned about legal stuff. So if you US goverment is Blockchain technology is branding as illegal you are stoping to use BitShares?

So this said i like the idear in general but i don't get Satoshi Dice at all. What do you do on this kind of site? It looks not fun in my opinion.

I am thinking about this game a lot and it would be great to see something similar in our client.

first: we all like competition, so i want to have a competitive game
second: we all like to win money!
third: i hate to much luck

so i propose this game idea here and would like if bytemaster and co will include it into the client

- The delegates will produce random numbers
- the game will start with a small jackpot of, lets say 10 bitUSD
- if i want to play i have to spend .10 bitUSD or so

- one game will run for 1 day
- in this day all paid fees will add to the jackpot

so the setup of the game is this:

- the delegates produce random numbers
- lets say 84, 11 , 22
- i have to play 10 rounds
- every round i get 2 numbers and one is lost - at the same time i get "+" or "-"  or "/" or "*" from the delegates as well
- my goal is to connect the numbers and the +,-,*,/ in a way in 10 rounds that the end number is as high as possible
- i will get in the highscore and the first 30% of the highscore will get the money

this is only a rough idea, but we could implement games who are not depends on luck only and in most restrictions this is legal.

Offline speedy

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #1 on: January 30, 2015, 11:35:07 PM »
As soon as scripting is added to BitShares, you can code any kind of gambling game you want into the blockchain, and no regulations apply.

Offline Empirical1.1

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #2 on: January 30, 2015, 11:50:59 PM »
They discussed decentralized gambling, Cool!

I already put most of my thoughts on the subject here -  https://bitsharestalk.org/index.php?topic=13788.0
I really love the figures on this, been worried about whether I should be divesting a bit into PLAY actually, so will definitely listen.

Offline fuzzy

Re: Decentraliced Dice Game is a awsome idea!
« Reply #3 on: January 31, 2015, 01:10:23 AM »
What if a % of the funds used to "gamble" using this were actually "burned"? 
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Online nomoreheroes7

Re: Decentraliced Dice Game is a awsome idea!
« Reply #4 on: January 31, 2015, 01:38:14 AM »
What if a % of the funds used to "gamble" using this were actually "burned"?

Lol instead of " house always wins"...the shareholders would be the true winners. Sounds like a great idea to me.

Offline rgcrypto

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #5 on: January 31, 2015, 05:20:35 AM »
If there was a game on my BitShares client...I would play it!

Offline xiahui135

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #6 on: January 31, 2015, 05:24:44 AM »
this is what bitshares play working on, I suppose. What I concern is that whether bitCNY or BitUSD can cross chain so that we can play with bitCNY or USD.

Offline monsterer

Re: Decentraliced Dice Game is a awsome idea!
« Reply #7 on: January 31, 2015, 11:14:22 AM »
As soon as scripting is added to BitShares, you can code any kind of gambling game you want into the blockchain, and no regulations apply.

Gambling regulations and licencing DO apply. It's not as simple as that, unfortunately.
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Offline Empirical1.1

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #8 on: January 31, 2015, 11:45:15 AM »
this is what bitshares play working on, I suppose. What I concern is that whether bitCNY or BitUSD can cross chain so that we can play with bitCNY or USD.

I suspect they will have their own asset. I will try to look into PLAY more this weekend.

Look at how much volume gambling cobtributed to BitCoin at a similar stage and CAP.
http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/
New popular sites are also generating big volume and MoM growth.

Given that our BitAssets are pretty stagnant with no key short term growth catalyst, the numbers clearly suggest PLAY would rapidly outgrow BitShares if they offer gambling and we don't.

Edit: I see they've been discussing bingo. I looked and 80%+ bingo players are female but 90%+ BTS users are male. So I personally wouldn't pursue bingo over other options. We should give existing male users recreational gaming and gambling options if we want to grow BitAssets as well as challenge for some of the Bitcoin market share.
« Last Edit: January 31, 2015, 12:49:33 PM by Empirical1.1 »

Offline hpenvy2

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #9 on: January 31, 2015, 05:28:21 PM »
* Put it in the blockchain
* Allow the games section to toggle on and off
* Toggle it off by default

Offline fluxer555

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #10 on: January 31, 2015, 06:53:56 PM »
* Put it in the blockchain
* Allow the games section to toggle on and off
* Toggle it off by default

Or, just release a different wallet that accesses that part of the blockchain
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Offline bluebit

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #11 on: January 31, 2015, 06:55:13 PM »
What if a % of the funds used to "gamble" using this were actually "burned"?

Lol instead of " house always wins"...the shareholders would be the true winners. Sounds like a great idea to me.

That's a fanastic idea!!! I like it!!!  +5% +5% +5% +5%
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Offline hpenvy2

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #12 on: January 31, 2015, 06:55:45 PM »
* Put it in the blockchain
* Allow the games section to toggle on and off
* Toggle it off by default

Or, just release a different wallet that accesses that part of the blockchain

I like that solution as well.  As long as it put in the blockchain, I'm happy.

Offline Empirical1.1

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Re: Decentraliced Dice Game is a awsome idea!
« Reply #13 on: January 31, 2015, 07:04:24 PM »
What if a % of the funds used to "gamble" using this were actually "burned"?

Lol instead of " house always wins"...the shareholders would be the true winners. Sounds like a great idea to me.

That's a fanastic idea!!! I like it!!!  +5% +5% +5% +5%

* Put it in the blockchain
* Allow the games section to toggle on and off
* Toggle it off by default

Or, just release a different wallet that accesses that part of the blockchain

I like that solution as well.  As long as it put in the blockchain, I'm happy.

Yip, on the blockchain with the blockchain as the house would be amazing. The edge can be insignificant if it's doing the job of driving BitAsset growth, then at a later stage once BitAssets are established the house edge can be increased & generate significant profit.

This article from March 2014 says gamblers wagered over
$2 Billion on Just-Dice.com in less than 9 months.
http://www.pbs.org/newshour/updates/bitcoin-gambling-sites-fly-regulatory-radar/

Also: 
Quote
By most accounts, gambling represents between 50 and 60 percent of all Bitcoin transactions.
So it's hard to imagine BTS growing market share without being competitive in the gambling market.
« Last Edit: January 31, 2015, 07:12:41 PM by Empirical1.1 »

Offline monsterer

Re: Decentraliced Dice Game is a awsome idea!
« Reply #14 on: January 31, 2015, 07:53:10 PM »
If anyone lives in a jurisdiction where you don't need a gambling licence for something like this, please send me a PM :)
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