Couple of people interested in this ICO. I am no expert but I've had a bit of a look at this and I am wondering what the big appeal is to run a casino on the blockchain. I'm not sure that blockchain really solves anything here and why investing in a risky ICO would be any better than buying shares in an online casino IPO. Here's an interesting article :- https://www.cryptoninjas.net/2017/0...m-dao-casino-releases-minimum-viable-product/ I was wondering about the transaction costs and how it might scale, since there has been a bit of controversy around Satoshi DICE in the past clogging up the Bitcoin blockchain with tons of micro-transactions. So they are going to implement Lightning on the Ethereum network? Maybe this will work and it'll be a huge success. I just don't see the appeal or the innovation. Can anyone point it out to me?
I'm a compulsive gamble and I know there'll be always gamblers As soon as a gambler finds out he can gamble crypto he'll probably will I've a gambled on few crypto casinos Got scammed by one to I put in 1ether n got $60 us The others are pretty much the same as the online ones, use the exact software n games the only difference being gambling bitcoin is a option There tones of online casinos and all are doing good If Dao is serious about their project no doubt it'll be profitable All they need is a good website, good customer support and a honest system If it is truly a better odds casino it'll be one if its kind and will be huge I'm not a crypto expert but I'm a heavy gambler
Gamblers resent poor odds just look at the star gamblers care about the odds deeply I boycotte the star and travel to the crown in Melbourne because of the odds, also go online as well rather than the star I only go to the star when I have to and only play games that the stars odds excel in If it's a fair odds system it'll be huge Imagine a landline fairodds casino
If they are offering better odds then I understand it will be attractive to gamblers. But you don't need to have decentralised blockchain technology to be able to offer better odds....? I still don't see how blockchain reduces overheads or costs or improves the product above what an ordinary (centralised) online casino could offer. I must still be missing something.
Yeah I think might pass I had it all wrong They're not a casino but a platform a to other casinos I just can't see other casinos adopting it Theny need the blockchain to create trustworthy games not necessarily better odds I think bet king is better option that's actullay already a strong working model with already good success or true flip a lottery already up and running
Buggedout can I get your opinion on suncontract I think it's a good idea but it seems far fetched to me If it can done I think it'll have a lot of potential If you want to go in gambling then have a look at betking and true flip I think either is a much better option than Dao
I did see it was looking to offer services (smart contracts) to other casinos almost like a "wholesale gaming" back-end provider, but again I wondered why that would be any better than a company offering APIs (Application Programming Interfaces). I guess running on blockchain might give the client casinos the ability to maket "trustless gaming" to customers, maybe with promotional labels like "Powered by DAO Casino" on their sites. Whether that is really that marketable though....I have doubts. I might have a look at some of those other ones later in the week.
Well, this thread is a blast from the past. To answer my own question from 4 years ago - "The appeal of blockchain based casinos is that they can be Provably Fair" That said, this one was a dud that I did well to stay away from....
