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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.
Quote from: Empirical1.1 on January 27, 2015, 11:22:04 pmhttp://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.
Quote from: DataSecurityNode on January 27, 2015, 11:34:42 pmQuote from: Empirical1.1 on January 27, 2015, 11:22:04 pmhttp://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.
Quote from: Empirical1.1 on January 27, 2015, 11:35:25 pmQuote from: DataSecurityNode on January 27, 2015, 11:34:42 pmQuote from: Empirical1.1 on January 27, 2015, 11:22:04 pmhttp://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.
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.
This also had a major impact on getting bitcoin's network effect going early on. (Satoshi Dice!)
Quote from: DataSecurityNode on January 27, 2015, 11:52:48 pmMy 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.I'm pretty sure that the suggestion was to implement something liek SatoshiDice in Bitshares, not to implement Cryptodouble.com in Bitshares.
Quote from: Ander on January 27, 2015, 11:32:35 pmThis also had a major impact on getting bitcoin's network effect going early on. (Satoshi Dice!) In fact gambling accounted for up to 50% of all Bitcoin transactions all the way up to the middle of last year. But we can do what Bitcoin can't and possibly have it all on the blockchain?! All the 'ponzi' gambling problems solved. (If so we just took up to half of Bitcoin's business...) How did we miss this? This is how you get BitAssets going. I can relax. As soon we offer BitAsset gambling internally we're all rich and it's just that simple. Can we use anything PLAY has?
The real problem is not software, since this is a trivial problem, but gambling licencing, which is crazily expensive, unless you can find someone to host in lives in a jurisdiction where crypto-gambling doesn't need a licence.
How is PLAY going about it?