Topic: [ANN] Peerplays - First Ever Blockchain-Based Gaming Platform - page 79. (Read 1144140 times)

Various other gambling services exist on the net, that utilize provable fair betting.  This is not new.  And these services aren't rolling in cash.  While the market for professional, highly marketed, casinos likely do make a lot of money, I see little incentive for them to switch their systems to PP.  You may have a better system, but you're taking money off the top, so for a casino operator, your solution offers negatives rather than positives, since you would be cutting into their profits.

How do you market this technology so that casinos will want to adopt it?  If their system already works fine for them, and their audience sees that it is fair, what is the difference that PP is going to give them that makes them want to switch?  Switching back-end technologies is surely painful for these operators.  I don't see anyone lining up to do this, so they can share their profits with the world.  Probably be a book keeping nightmare come tax time.

Just to clarify, Peerplays is built on Graphene, not BitShares. Graphene is the consensus technology on which BitShares is also built.

According to the whitepaper, Waves is being built upon the Proof-of-stake protocol used by NXT. Aside from various incompatibilities at a technical level, the NXT protocol has nowhere near the block confirmation speed or throughput capacity to handle the features that Peerplays is assembling.

Also, Graphene is already fully developed and proven. If you like, go to www.freedomledger.com and check out the BitShares platform and see an example of this technology at work. Point by point and quite literally, every single feature that Waves hopes to accomplish (according to their whitepaper) has already been achieved and is fully operational on Graphene. I do not say this to "put down" the Waves project in any way, I am just stating simple fact. Graphene is not an easy technology for most people to to wrap their minds around, and it is quite understandable if you have not yet done this comparison yourself. By way of courtesy, if you tell me exactly what you believe Waves could do for Peerplays that Graphene cannot, I can try to help to clarify the details for you.

I can further elaborate:

First, the Peerplays blockchain is different than most other blockchains you may be used to. All Peerplays users must register an account name on the blockchain, which is where their balances are kept. This makes it more intuitive to use, rather than users having to send funds to a long string of random letters and numbers.

Now, every time someone places a wager and plays a game on Peerplays, their funds are locked up by a smart contract. Part of the funds are deducted as a fee, and the rest are released to the winner of the game. The fees all go into a "profit sharing" virtual account which is controlled by another smart contract which distributes all the contents of this virtual account (at regular intervals) into the individual accounts which are holding Peerplays core tokens. This distribution is done according to the percentage held by each, just like a company would distribute earnings to shareholders as dividends.

Peerplays core tokens can be used for wagering, but also Gateway tokens for other crypotocurrencies like BTC and ETH, as well as fiat gateway tokens can be used for wagering. This means that profit sharing payouts will take the form of many different cryptocurrency tokens, each of which can traded on the internal DEX (see www.freedomledger.com for an example of the DEX technology Peerplays is using), or transferred to an external Exchange which supports them.

Peerplays core tokens will therefore have an intrinsic value beyond just the purely speculative value that every other crypto token has at this time. Anyone who holds Peerplays will get a portion of the gambling revenues earned by the network. Just as an analogy, you might think of it like purchasing shares in an online casino, only there is no centralized authority who is in charge of distributing the profits to the shareholders - it is all done trustlessly by the blockchain.

you get part of the daily revenue from gambling. (in many crypto currencies)

That is my understanding and I'm sure @BunkerChainLabs can elaborate.  

Potential to make money from the profit sharing (daily revenue) as well as trading tokens.  Remeber that there are only 1 million.  No additional and no inflation.  This is a long term play.  It doesn't go live until Nov so you take a huge risk and tie up your funds for a while.  But the market cap is tiny starting out and a few right moves could impact the marketcap pretty substantially.  Think about it.  Only a $10 million marketcap gives these tokens a $10 per value.  

tokens,
Hmm maybe I missed the passive income part? You get paid back profit of sorts? Dont get me wrong I am interested in it but there muct be $$$ potential too to invest. What potential do you see?

Very interesting proposal.

I would be more inclined to invest if you were using the WAVES platform instead of BitShares.

However I would also note that, so far, the website and processes are not all that appealing.

Best of luck with it.

200 bundles or total tokens?  I have like 700 tokens and continue to buy when i have funds.  I love the idea of profit sharing.  Passive income is the best kind and if they can really make a dent in the gaming sector, there is some real potential.  Ground floor right here!

I bough like 200 so far. Do you think you can make profit from the presale? I am buying to use actually as I like the idea of it. I would buy 10k if it was gonna be profitable.

$20 is for 10 tokens or $2 per on the first 100k tokens.  After those sell out, then the next 100k becomes $3 per token.

ah ha.. Thank you, found it :O)

There is an option to make the purchase that you want, in multiples of ten.  Input your desired coin total and click 'update'.

Hey PeerPlay Team,

Am i right in thinking we can only buy 10 coins in one go?

So we have to make multiple purchases?

one token = 20 $ - how much is coins peerplays?

yep absolutely.

Posted on reddit, maybe you got time to answer questions there https://www.reddit.com/r/TheDao/comments/4m0bhi/peerplays_dao_proposal/

It's great you took the time to submit this properly. If nothing else it's nice added publicity.

PeerPlays Team, congratz on your DAO proposal release today. I just read through it and it looks rock solid! Very impressed! Let's hope you get voted in.

Question, is your proposal basically what is being offered currently? I believe it is. I dont know if the dao will upvote for a 5%stake. It was a well written proposal.

Being a dao holder, I would vote yes simply because of the eth network effect.

If peerplays is connected with bitshares and the dao connected to eth, I dont think it will pass.

Just came back to say, "Meh," on the FB issue.  If no one else thinks it is relevant then I don't.  I was just curious (I bought in a long time ago).

I remember chatting with Jonathon about THE DAO hype several weeks ago before I purchased and he mentioned that he might try a proposal.  Interesting to see that it happened...good luck!