^ Very good
I assume electrons.io is a centralized service and not based on the blockchain?
The key USP of blockchain based dice would be no risk of hit and runs, seizures or closures, so you could invest/gamble with confidence as well as perhaps being provably fair at the blockchain level.
As BM mentioned gambling systems, I'd be interested if CNX could offer something and what cost or reduced cost for % of fees.
A dice game on the decentralized blockchain accessible via here
https://bitshares.openledger.info/#/explorer would be great.
The TX fee for Dice bets could be made very small and go to BTS with the house edge going to FBA holders.
I'm not sure but I think the flaw I see with JustDice business model is that anyone could invest in the bankroll & while investors would get a % of profits, they didn't benefit from the growth of the bank roll/revenue.
It would seem like a superior model would be to offer shares in the business which is used to fund development and the initial bankroll.
Profits can be dispersed between BTS, Investors and growing the bankroll up to X size. That way the value of the shares you purchased would increase over time too.
This is one of the projects that can truly show the power of Bitshares and increase the market cap, but am not sure if we'll be able to attract sufficient users overnight. Bitcoin has a much larger user base in comparison with Bitshares so its a quick to access market.
Even when Bitcoin had a $70 million CAP not too different to what BTSX had Satoshi Dice had a few hundred thousand dollars profit but yes by targetting Bitcoiners with the advantages of decentralization, (No more hit and runs, seizures or closures) we could rapidly expand the potential market.
Looking at the 2012 Bitcoin gambling report is probably our best 'bet'
http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/
(Bitcoin had a low user base & CAP through 2012 of about $70 million, so not too dissimilar.)
Satoshi dice had nearly 1.8 million BTC worth of volume and BitZino 700 000 BTC, so probably about $30 million dollars turnover. 2.5 million of the 9 million BTC would be about 700 million BTS worth of BitAsset volume & I think there were about 6 million betting transactions. Imagine just a fraction of that.
The most important thing is that a really low house edge, provably fair, funds accounted for on the blockchain option could not only satisfy gambling demand & bootstrap BitAsset use internally, but displace Bitcoin options which have recently been hit by a string of 'ponzi' take the money and runs...
Gambling is what made up half of Bitcoins volume and helped Bootstrap it and it still makes up the major chunk today. So nevermind BTS, it's possible that whoever takes the gambling even takes Bitcoin.
Edit: Smartcoin/BitUSD dice would also be a good USP. A smaller blockchain that attempted Dice without stable BitAssets would be very volatile, so you wouldn't feel comfortable leaving your winnings/balance on there for an extended period.