Community funded casino - page 5. | Bitcointalksearch.org

DubemIfedigbo001

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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.

Most casinos are owned by one or more companies and these companies are not owned by a single person. There are various levels of shareholders that invested into these companies and are taking profits from the various business ventures of those companies including owning a casino if they deem it fit. I doubt there is ever a casino owned by a single entity.

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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?

While this might be a good idea, but not a very effective one. This forum aims to propagate the adoption of bitcoin by many firms, businesses and even casinos and having its own casino would be a direct competition with the companies that currently advertise theirs here and would possibly mean a shift from the original intent of creating the forum which is for useful interaction and spreading awareness of Bitcoin and other related subject. Personally I would not support that.

Agbamoni

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Quote from: Churchillvv on January 24, 2025, 10:18:13 AM

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.

Truly regulations might be the real problem why those casinos go into extinction. The government want to be involved in everything and every sector. Which i know that when it has to do with community funding those involved dont really like the government to also be a part of it. That brings us to the main cause which is personal interest. People are no longer interested in funding casinos anymore since they have little or no say when the time reach for decision making. Like we all know community funding allows for community decisions.

Akbarkoe

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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?

To be honest, this is interesting in my eyes, but the most difficult thing here is trust, in anonymous forums with people who do not show themselves here or using real identities are very difficult to believe even though they have honorable pancakes in the forum, maybe if in that $ 50k can still be able to Achieved even up to $ 100K can be safe from bankroll, but how its values reach $ 1 million, whether this will be a problem in the future, the defi between has a developer who is full of identity in the show.

I am very interested if the developer and investors are open with fair arrangements as the current company has a clear vision in this industry.

swogerino

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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 this to work you need to have a huge user base as a starting point and this if it is done by the community here I am pretty sure it will have a huge success in my opinion. I would of course invest in the bankroll of such casino as I know the success would be guaranteed and that I would increase the capital that I would invest in here. Now I don't know why the other casinos who offered this type of investment were all gone in a very short amount of time or in the least worse case they removed such investment to their platform, most likely because of such casino owners I would say, anyway in here it is great if a Bitcointalk guy with a lot of money starts this venture. I would welcome such entrepreneur spirit and as I said I would invest in such a casino.

Fiatless

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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 the current casino competition?

Businesses flourish more when they are owned by one or more people than a community. The problem with community ownership is mostly associated with management and accountability.

The management team of the casino might be politicized or sectionalized, Maybe the best people might not be appointed to run the casino. Trusting people with money is also a problem these days. People might lose their integrity because of money. Profit sharing might also be a problem if the accounts are not transparent. I would not put in my money unless it is well managed.

Ndabagi01

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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 feel time have changed and we are seeing a new era on how casinos are operating and deviating from the old ways. A lot of crypto users may chose to go DeFi which has some principles relating to the way casinos operate in the past, but the sources of income on present casinos differs to some extent and this may not be feasible when trying to incorporate it into how present casinos operate or what is most wanted by crypto users.

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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?

I can’t even think of that because I don’t see the possibility of it happening, so it’s better not to have any thought of it happening in the future or not. Bitcointalk forum basis was never for casino purposes, so they don’t seem to deviate into that aspect and it’s good they keep to their original purpose of creation.

Wiwo

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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?

I remember a few casinos like Bustasrdice that have long-term signature records here on Bitcointalk they have a bankroll investment mechanism and for sure there did properly for some years and until now, although it has quite a while since I visited Bustsrdice last I still remember that they have bankrolls investment features running and successful.

Bitcointalk can't and will not want to spend the community donations on a capital-intensive venture like a casino, so for sure they won't want to venture into it and will likely not directly endorse any casino project that offers the same investment packages.

seoincorporation

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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.

Hispo

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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?

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.

aioc

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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.

Findingnemo

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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.

Kelward

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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.

salad daging

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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.

viljy

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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.

Davidvictorson

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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.

Quote from: Eternad on January 24, 2025, 09:28:44 AM

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.

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Does profit sharing idea will not gonna work on current casino competition?

No. There's no competition at all.

danherbias07

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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.

crwth

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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?

Wexnident

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

~

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.

joeperry

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Quote from: Eternad on January 24, 2025, 09:28:44 AM

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.

Yucky

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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.

Topic: Community funded casino - page 5. (Read 759 times)