Topic: [HAVELOCK] CasinoBitco.in CBTC - page 36. (Read 149382 times)

With all due respect mr e, you're not only worrying about the wrong thing, you're thinking about your investment in the wrong way. If I may:

27 is exactly right, the share price is flat because "Those that want to own this stock do".

Why don't more people want to own it? Much of it has to do with being listed on a virtual exchange that trades in a digital currency. Virtual, BTC-denominated exchanges are small and have a limited number of participants. This is not likely to change as barriers to entry are formidable. Probably the biggest is the currencies' wild fluctuations in value and overall rapid appreciation. But beyond this, "real" investors won't go near virtual exchanges because they're unregulated, foreign, and participation requires conversion from fiat to BTC. So, unless you have a large stash of the dosh already, you're likely to go elsewhere to put your money to work in the BTC economy, and currently there are plenty of those opportunities - 2013 changed everything for BTC. We're not in Kansas anymore......

As CasinoBitco.in continues to improve it's product and gain marketshare it will almost certainly attract venture capital money or an outright buyer. In either scenario, virtual exchange shareholders are, flat out, nothing but a nusance. No one knows what to do with them. You either have to negotiate a buyout (ie satoshidice), legitimize them somehow (ie VirtEx), or just screw them over (so sue me...). This should be your concern.

Meanwhile, think of your investment in CasinoBitco.in as the price of participation and ownership in an exciting start-up; you're an angel investor. It may hit big. You may lose it all. Either way, it's not IBM on the Dow Jones.

Does this mean once you get these license you will be preventing access to the site for users in the jurisdictions that you do not hold a license?

and does the company we are looking to take over have any of these licenses? What are the risks we have for not currently holding a license?

Yes - we do have plans, and they are currently in the works. Timing and exact jurisdiction is still up in the air though, so I'd rather not speculate - but I can say this has been on our radar for a while.

Also - just another update, we'll be posting our January 2014 results, and dividend information, on Monday February 3rd.

This question for our illustrious leader:

Do you have plans to obtain a gaming licence? If so when and in which jurisdiction (Malta, Guernsey, Panama etc)?

http://www.verajohn.com/news

...... and we're off!

Just a minor update, we are meeting with the seller for a technical overview today and tomorrow - assuming all goes well, there is a fair chance we could close and make a formal announcement in next 1-2 weeks.

Regarding alt-coins, my personal opinion only is that non of them serve any actual true purpose outside of speculation. That said, I have commissioned my team to investigate the work effort involved on bringing on the somewhat more popular and hardened coins into CasinoBitco.in. This team will be researching the financial, technical and legal implications associated with this initiative and I will make the best business judgement regarding any next steps, putting aside my personal opinions.

Just a minor update, we are meeting with the seller for a technical overview today and tomorrow - assuming all goes well, there is a fair chance we could close and make a formal announcement in next 1-2 weeks.

Regarding alt-coins, my personal opinion only is that non of them serve any actual true purpose outside of speculation. That said, I have commissioned my team to investigate the work effort involved on bringing on the somewhat more popular and hardened coins into CasinoBitco.in. This team will be researching the financial, technical and legal implications associated with this initiative and I will make the best business judgement regarding any next steps, putting aside my personal opinions.

Problem remains you need to be vigiliante on coins prices and be exchanging them daily for a safety net if they are not truely tied to BTC like LTC is now.  I agree having a place to gamble these coins legitimizes them, look at the effects Doge-Dice (Just-Dice owner) did for Dogecoin, but again does this take away initially the time CBTC has to integrate other things. If not then these altcoins would require someone to possibly be paid to oversee them and thus taking away your dividends.  Just-Dice was fully built out and transferred over to Doge-Dice within a couple of days, if CBTC was fully built out and could do that then I say go for it until then LTC is only suitable coin without large amounts of time, worrying about coin prices and even then how long would it to port out Litecoin.