I like those casinos that let you bet the bank roll, but that doesn't mean we will always win, sometimes the casinos lose too, and more when high rollers chase a max bet, i have seen that happen in the past a user losing a piece of their investment.
If the owners of Bitcoin Talk create their own casino with the invest option i would invest for sure, we can trust the people behind the casino. But we know that will not happen for two reasons, they aren't interested in the gambling business and they already have a lot of money, so there is no reason to start a business.
Topic: Community funded casino - page 3. (Read 402 times)
In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.
If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
DEFI has a legitimate and actual source of income, generally people stake or block their money in smart contracts as a form of providing liquidity to people who want to exchange their tokens for others within the same Blockchain.
Anyways, I believe the problem with a community shared casino in which is bankroll is managed by a single entity is how easily all the money can be mishandled and end up being lost to bad choices of the administration.
Look at it this way, of one uses one's own money to open a business, one will be extra careful to manage the money and invest wisely to reach success in the mid and long term, establishing oneself within the market and gaining popularity among gamblers. On the opposite case, if you are given one million dollars for you to open a business (with other people money) you won't care as much as if that little fortune was only yours.
Because of that, I think it is more difficult for a community casino to thrive among big competitors which already have their own centralized and privately owned capital.
If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
Any members of this forum can launch a casino and offer funding with bankroll, but if its Theymos and their team, I don't think they will, as the forum will lose its reputation as a primary Bitcoin forum, and they don't need to launch a casino to make money; accepting advertisements alone is just enough to keep the profit rolling.
In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.
Casino itself is a business and it's different from crypto investment, there will be profits and loss while running a casino and when they are in profits we can make money from bankroll investment and it's still a thing among the passive investors. Defi is different so we can't compare apple with oranges.
Community funded casino is no different from an actual casino, it has to make profits to give out to the bankroll investors.
I don't think that community funding for projects is happening like it used to in the past, reason could be that we have more millionaires and billionaires than in the past. I believe that one or two people can fund a casino and share profits so there's no need to involve a lot of people in funding partnership, which will mean sharing profits to more people. Casinos can get a few shareholders without the public being aware of it, but I doubt that they will want community or public funding so people won't think that they don't have enough reserves to pay big winners.
If I'm not mistaken, Bustadice casino? Kinda forgot the name of the casino, sorry if I got it wrong.
I will not be so much money to the casino bankroll because if it does not grow alone it will not succeed and even fail to recover, so I will not trust it.
If the forum is developing a casino, it means that the forum is no longer officially a bitcoin forum? But only to the casino? For me this is rather unlikely.
I will not be so much money to the casino bankroll because if it does not grow alone it will not succeed and even fail to recover, so I will not trust it.
If the forum is developing a casino, it means that the forum is no longer officially a bitcoin forum? But only to the casino? For me this is rather unlikely.
This idea should evolve into a decentralized casino that could operate on a group of linked smart contracts. The profit could be distributed from the ownership of the tokens of this casino. This could be the case in theory. In practice, this would most likely result in charges of violating the laws governing gambling in some jurisdiction.
There are people who want to invest in the casino bankroll and not have anything to do with gambling. Strictly for profit sharing just like shareholders. And there are those who just wants to gamble because in addition to the prospect of making money they like the entertainment and fun that it brings.
If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it?
If there is a casino on Bitcointalk with that option, I will not invest because I am in the other group which I described that just wants to gamble and have fun with the prospect of making money.Quote
Does profit sharing idea will not gonna work on current casino competition?
No. There's no competition at all. 
Yes! I used to invest with Yolodice when they were still here and alive but it ended years ago and so did my profit from the investment that I made.
I think many forum members here would also like the idea and it's not like we will be in a high-risk environment especially if the owner and the moderators are from here too, the trusted ones with a reputation that can be vouched for.
This is actually the safest way to earn money instead of gambling the money but I know it's not a lot. Still, that's profit without a sweat so it's worth the wait.
I think many forum members here would also like the idea and it's not like we will be in a high-risk environment especially if the owner and the moderators are from here too, the trusted ones with a reputation that can be vouched for.
This is actually the safest way to earn money instead of gambling the money but I know it's not a lot. Still, that's profit without a sweat so it's worth the wait.
If there is transparency and a minimum amount, depending on how much it is, I would probably invest in it because I see this as a profitable journey. I don’t know if it should be in cryptocurrency or based on USD equivalent.
Are you planning to start one, OP?
Are you planning to start one, OP?
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Gotta have someone trusted to handle it first dawg. Anyhow I don't think there's that much of an advantage to it, I reckon it's going to get hit by some conditions (*cough* KYC *cough*) sooner or later, so might as well invest on casinos that do accept investment from users, like what others have said. Not to mention it's completely outside of what Bitcoin talks aim is. If it were, then they would've made one immediately after the forum was made. Not to mention there needs to be a pretty significant amount before it even goes through. God knows what's going to happen when someone high rolls big enough to bankrupt the place. There probably won't even be a legal binding document with this as well, and if there was, then KYC would be involved and by then, there'd probably less who'd accept it even more.
If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
There's actually a lot of casinos that offer this kind of setup. First thing that came to my mind is the Bustabit as I've thought of investing on it before, but if there will be a casino developed by the Bitcointalk forum itself then it still depends of the ROI as I am sure that it many people will also invest resulting of little ROI.I think the profit sharing do work on any casinos as they won't need any capitals and at the same time earning in the casino's profit or possible in investment fee.
I think this type of casino investment is no longer rampant because casinos prefer to work with major investors - two or three big players who receive a certain percentage - instead of having the community contribute. Because if the community funds the casino, the casino will have to distribute percentages to many people at the end of the month, possibly leaving the casino with small profits.
So I think working with big investors is more profitable for them. But if that method of investing in casino is available, I'd love to give it a try, as it's a passive form of income. And it's not all the time I'd be constantly giving the casino my money without getting anything back. I see it as a way way to earn your money back from all the gambling without big wins.
So I think working with big investors is more profitable for them. But if that method of investing in casino is available, I'd love to give it a try, as it's a passive form of income. And it's not all the time I'd be constantly giving the casino my money without getting anything back. I see it as a way way to earn your money back from all the gambling without big wins.
In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.
Bitvest is one of the casinos that offers this: https://bitvest.io/investing This is the only one I know of, majority of the casinos prefer to keep all their profit; they have deep pockets because of their profit companies offers shares of the company because of expansion, I don't think casinos need funds outside for their expansion, they don't want obligation from the outside Quote
If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
I don't think the management will; there is no hint that they are interested in the casino business. Profit sharing is good for investors but not for the casino management; they want to keep their profit; only small-time casinos will ask for profit sharing. I've seen in the project development section casino operations. asking to get funded. 
If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
Is it possible that the Bitcointalk Forum will develop an online casino here, I don't think that's the purpose of this forum, it's not that it can't do it, if it wanted to, the forum would have done it a long time ago, But that is not the purpose of this forum created by Satoshi Nakamoto, this forum is only used to develop Bitcoin, not to develop online gambling sites.When did crypto casinos develop, in the last few years, after they understood how Bitcoin/digital currency works, if Bitcoin/this forum didn't exist, those online casinos couldn't do anything.
If, if this Forum developed its own casino, I wouldn't invest in a bankroll, that's out of the question, that's no longer the basic goal of Bitcointalk, I really don't think about that.
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In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.
I don't know any casino that is still doing this but what I think is that even if some casinos are still doing it, they might not make it public because they could have involved some undercover investors that is funding the casino. You can not compare before to now because there would be some changes from the old ways of doing things. Now that some rich people are aware that casino is a profitable business, they could even be the ones looking for a casino to invest in and not the other way around.
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If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
Yes I will but there's no plans for such casino.
I believe that new regulations or principles of operation of casino has changed a lot over the years which may have resulted to such ideas of investment and sharing profit gone into extinction. I also think that once they casino have achieved the height they want they do not longer need investors money to operate which also is one reason why such investment rarely exist.
For the second paragraph I personally would love to invest in such but guess what it's just a dream.
For the second paragraph I personally would love to invest in such but guess what it's just a dream.
If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
I'd keep track of the casino's progress before putting my money on their bankroll because I remember a few casinos back then failed to recover their previous losses as their high rollers kept on winning.I'd say it can work because there are always gamblers willing to take the risk, but that depends on how well the owners can make their rates competitive against the other options available.
AFAIK, crypto.games is the only active casino that I knew that offers profit sharing before on bankroll investment. I’m not sure they are still offering now.
Unfortunately, they've already removed it, and the last time I checked was when they introduced KYC. 
interesting idea but one that i am quite scared of i mean who will initiate this project? who will take the money from the investors? who will foresee creation and development of the platform? can he be trusted? and many other questions
This is not new and there’s already project in the past which a forum member escrow the funds for the project. They use multi sig wallet to escrow the funds so that it needs a majority decision in able to access the fund.
There’s a lot of forum member that has a potential to run this kind of project through their experience on managing casino.
I think there’s few demand on this that’s why there’s no project like this exists. A casino review website has a demand recently which some forum members run their own.
In the past, there’s a lot of casino that offers investment on bankroll then do profit sharing to all investors. I wonder why this kind casino doesn’t prosper while there’s a lot of crypto user that wants DeFi that literally almost the same principle of earning money except to casino has real source of income.
If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
For me, this would be an interesting offer. Of course, we need to take into account many factors and what are the conditions for receiving part of the profit, I am sure they will not be very simple. I caught the boom in casinos that worked on the TRX blockchain and there were also many game tokens that offered dividends, but they did not last long.Some managed to make good money, so I only have positive impressions. If there will be a casino developed by Bitcointalk forum and offers funding with bankroll, will you invest on it? Does profit sharing idea will not gonna work on current casino competition?
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