Topic: Funding and Discussion for New Gambling Site 1 to 37 or dice - page 4. (Read 2869 times)
I'm a newbie in cryptocurrency but I guess i'm learning fast enough. I don't have much but i'm in. By the way may sports betting po ba? Filipinos worldwide cgurado NBA, boxing, etc. Good luck boss.
Good luck to this project sir Dabs. I wanted to participate on this funding even though I am just going contribute small amount of bitcoins. I just wanted to show my support to our very own moderator here. And if you guys going to read the whole thread, for sure the last part is going to make you laugh haha. 
Good sense of humor sir Dabs.
Good sense of humor sir Dabs. 
I am interested to this one since i can't easily withdraw my funds by now so they are all stacking up. I'll be waiting dabs 
just few more question what was the probability of Getting our ROI if it is really possitive then so be it.
just few more question what was the probability of Getting our ROI if it is really possitive then so be it. 
Reserved this post. Just in case.
First Post. To be edited as we go along.
This thread is for the funding of Dab's new gambling site and discussion on how some or all parts of the site will operate and what game it will eventually play. However, I reserve the right to do what I believe is best for the overall success of the site.
There will be a pre-funding period, which starts now, and ends some time later, maybe some time 2 to 3 months from now; sort of an ANN or announcement. Then there will be a funding period, similar to many ICOs where you can contribute BTC via a website which will collect all, to be held in escrow by yours truly (no, it's not third party, but you can see my track record for such transactions.) This will last anywhere from 4 weeks to 8 weeks, to be announced later. We don't want it to be too short that it does not get enough exposure, and we don't want it too long that people get impatient. Based on some ICOs I have seen, between 4 to 8 weeks seems to be the sweet spot.
For there to be incentive to early participants, there will be a percentage bonus on your contribution, the earlier you send, the more you get. This will be divided or broken into weekly or daily parts, perhaps the very first will be the first 1 to 3 days. There will be a website made to do this collection automatically and a timer will also be shown. If you send 1 second too late after a particular deadline you will be in the next bonus bracket until the final days of the funding period where you get what you put in.
During the funding period, I reserve the right to use some of the funds in preparation for development (reserving future payments for domain and hosting and SSL and anti-DDoS and all that.)
After that, it will be development phase of the project and website, and any promotions or advertising campaigns (signature or otherwise). Ideally word will get out on its own, but we can help push it a little bit more. I don't have any public social media accounts so maybe someone can do this and get compensated accordingly.
The goal for the funding period is tentatively set at 100 BTC, because around 30% of that will go into development costs, 20% will go into hosting, and roughly 50% will go into a private investment fund to bankroll the site. There will eventually be a public investment feature as one of the possible important points of this new site is that it will be provably fair not just for players, but provably fair for investors as well.
There is also discussion on how the game "engine" will work, or the rules of the game. As stated above, it may be possible for this game to be provably fair for all involved, however that path may not be followed, the game may just be fair for players to keep the rules simple and easy to understand. This is all up for discussion and will depend on how many people view this, and how I finally decide on the matter.
This "ANN" phase will end in 2 to 3 months, but before the "Funding" phase begins there will be at least 2 to 4 weeks notice, so people can prepare. Anyone who is late, sorry.
I will update this first post or opening post as we go along. I will delete disruptive posts (this thread is self-moderated, huh. Because I'm the mod of this section, doh!). But usually I will just leave whatever you say here as long as there is no profanity or personal attacks or insults.
If you don't like gambling, or investments, or ICOs, or if any of this offends you, please do not participate. If you are any regulatory entity or government tax group or corporation, bureau of internal revenue, or revenue agency, I am not in your jurisdiction, this is being done from the planet Saturn (the one with rings). You may have jurisdiction on citizens of your country worldwide, but I am operating somewhere else in the Solar System. If you are a citizen of any country that has laws or regulate your use or play of gambling websites, please comply with your own laws.
Enough with the legal chit chat. I am concerned about the practical and technical analysis of this game I intend to release.
In simple terms, this will be a game where you pick one or two numbers between 1 to 37, inclusive. The game then decides a winning combination of those numbers every few hours using an algorithm and the winner(s) receive up to a thousand times what they bet. How this works is not a secret, but I will not be discussing that yet.
If you have ideas or just want to support this project, let me know. The funding part can and will be anonymous. The playing when the game is launched will be anonymous. All investors will be anonymous. I will not be asking for your email, your phone number or your address. I will probably only ask you for your bitcoin address and assign you your own deposit or funding address, and to create an account on a website that may include a username, password and either a one time code or some two factor authentication.
2 to 3 months before anything happens.
Go!
P.S. English or Tagalog only please. I wrote this in English for the benefit of others who might be interested and don't understand other languages. Eventually we might want to make this international. I did say we're doing this from Saturn. (The one with rings!) Everyone from the planets Mercury, Venus, Earth and Mars are free to participate. All other gas giant dwellers and everyone beyond, please wait.
This thread is for the funding of Dab's new gambling site and discussion on how some or all parts of the site will operate and what game it will eventually play. However, I reserve the right to do what I believe is best for the overall success of the site.
There will be a pre-funding period, which starts now, and ends some time later, maybe some time 2 to 3 months from now; sort of an ANN or announcement. Then there will be a funding period, similar to many ICOs where you can contribute BTC via a website which will collect all, to be held in escrow by yours truly (no, it's not third party, but you can see my track record for such transactions.) This will last anywhere from 4 weeks to 8 weeks, to be announced later. We don't want it to be too short that it does not get enough exposure, and we don't want it too long that people get impatient. Based on some ICOs I have seen, between 4 to 8 weeks seems to be the sweet spot.
For there to be incentive to early participants, there will be a percentage bonus on your contribution, the earlier you send, the more you get. This will be divided or broken into weekly or daily parts, perhaps the very first will be the first 1 to 3 days. There will be a website made to do this collection automatically and a timer will also be shown. If you send 1 second too late after a particular deadline you will be in the next bonus bracket until the final days of the funding period where you get what you put in.
During the funding period, I reserve the right to use some of the funds in preparation for development (reserving future payments for domain and hosting and SSL and anti-DDoS and all that.)
After that, it will be development phase of the project and website, and any promotions or advertising campaigns (signature or otherwise). Ideally word will get out on its own, but we can help push it a little bit more. I don't have any public social media accounts so maybe someone can do this and get compensated accordingly.
The goal for the funding period is tentatively set at 100 BTC, because around 30% of that will go into development costs, 20% will go into hosting, and roughly 50% will go into a private investment fund to bankroll the site. There will eventually be a public investment feature as one of the possible important points of this new site is that it will be provably fair not just for players, but provably fair for investors as well.
There is also discussion on how the game "engine" will work, or the rules of the game. As stated above, it may be possible for this game to be provably fair for all involved, however that path may not be followed, the game may just be fair for players to keep the rules simple and easy to understand. This is all up for discussion and will depend on how many people view this, and how I finally decide on the matter.
This "ANN" phase will end in 2 to 3 months, but before the "Funding" phase begins there will be at least 2 to 4 weeks notice, so people can prepare. Anyone who is late, sorry.
I will update this first post or opening post as we go along. I will delete disruptive posts (this thread is self-moderated, huh. Because I'm the mod of this section, doh!). But usually I will just leave whatever you say here as long as there is no profanity or personal attacks or insults.
If you don't like gambling, or investments, or ICOs, or if any of this offends you, please do not participate. If you are any regulatory entity or government tax group or corporation, bureau of internal revenue, or revenue agency, I am not in your jurisdiction, this is being done from the planet Saturn (the one with rings). You may have jurisdiction on citizens of your country worldwide, but I am operating somewhere else in the Solar System. If you are a citizen of any country that has laws or regulate your use or play of gambling websites, please comply with your own laws.
Enough with the legal chit chat. I am concerned about the practical and technical analysis of this game I intend to release.
In simple terms, this will be a game where you pick one or two numbers between 1 to 37, inclusive. The game then decides a winning combination of those numbers every few hours using an algorithm and the winner(s) receive up to a thousand times what they bet. How this works is not a secret, but I will not be discussing that yet.
If you have ideas or just want to support this project, let me know. The funding part can and will be anonymous. The playing when the game is launched will be anonymous. All investors will be anonymous. I will not be asking for your email, your phone number or your address. I will probably only ask you for your bitcoin address and assign you your own deposit or funding address, and to create an account on a website that may include a username, password and either a one time code or some two factor authentication.
2 to 3 months before anything happens.
Go!
P.S. English or Tagalog only please. I wrote this in English for the benefit of others who might be interested and don't understand other languages. Eventually we might want to make this international. I did say we're doing this from Saturn. (The one with rings!) Everyone from the planets Mercury, Venus, Earth and Mars are free to participate. All other gas giant dwellers and everyone beyond, please wait.
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