Community funded casino - page 6. | Bitcointalksearch.org

robelneo

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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.

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

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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 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.

YOSHIE

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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?

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.

Dr.Bitcoin_Strange

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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 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.

Churchillvv

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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.

ralle14

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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?

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.

Quote from: AbuBhakar on January 24, 2025, 09:42:54 AM

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.

Beparanf

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Quote from: btc78 on January 24, 2025, 09:47:41 AM

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.

nimogsm

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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 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.

dansus021

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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?

Yeah Im still remember the good old days haha back then sites like bitdice also have community investment to run their casino but after crypto casino is getting popular and sponsor all kind of sport I didn't find any casino that offer investment program.

The last I saw investment program in casino is in Bitvest and I don't know if the program is still live or not

btc78

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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 wonder why you think this doesn’t prosper? maybe you just don’t know? a lot of projects can’t operate without shares from other investors because it’s their money that is used to start operations maybe it is just not disclosed to the public

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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?

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

AbuBhakar

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Quote from: Poker Player on January 24, 2025, 09:32:47 AM

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 suppose that since well-run casinos are so profitable there comes a time when by reinvesting part of the profits they do not need external funding to finance their bankroll.

This is what actually happening right now. Most of the popular casino has deep pockets funding since they are owned by fiat casino companies that just recently invested on crypto casino.

This is the reason why new casino can spend millions of dollars immediately on marketing which we can’t see in the past when crypto casino is just.

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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.

Poker Player

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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 suppose that since well-run casinos are so profitable there comes a time when by reinvesting part of the profits they do not need external funding to finance their bankroll.

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?

I could but I don't see that happening.

Eternad

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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.

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?

Topic: Community funded casino - page 6. (Read 759 times)