Topic: How good of a business is the "Crypto Casino" business? - page 3. (Read 767 times)
Well ... casino in principle profitable business ... due to this much where prohibited. And yes, I did not think about it, but most likely it would really be good to try it .. casino with blockchain technology. Great)
I might not contribute much to your question but, I'd like to point out that buying scripts for any type of "business", be it Crypto Casino or any other type of internet site, in an already over-saturated market, is a poor choice! it's both a waste of money and time, if you're not capable of creating one/finding the people to create it from scratch (and therefore be able to compete with those who do), it's very likely going to end up dead very quickly! I would suggest trying to both combine the already existing "casino" ideas with some new type of idea (not every type of casino game is available), and therefore you're both unique and with a functioning site.
Hey all!
I am an avid student of business, and a long-time bitcoin holder. One thing I have noticed on this forum and in the bitcoin community more broadly is the presence of many "Bitcoin Casinos." (I'm including all crypto here; not just bitcoin.) Many, though not all, seem to be provably fair.
I'm curious to know -- how good of a business are these casinos? I'd really love to hear from folks who have actually run or experimented with such sites!
Here are some initial thoughts and questions that strike me:
* It seems that there are a number of these businesses; how does one get a competitive advantage over others?
* It seems like switching costs for the user are pretty low. Combining this with the above makes me wonder how challenging they are together.
* Are there network effects with these businesses? In other words, does it matter how many other people are playing at the casino I am playing at? (If I'm playing against the house.)
* At what volume does it actually make sense to run one of these? (I'm sure this is a context-dependent answer - would love to hear perspectives!)
* I see a number of scripts available for sale. Does anyone in the business actual buy these, or do people just do their own custom development?
Thanks in advance for insights and opinions!
I am an avid student of business, and a long-time bitcoin holder. One thing I have noticed on this forum and in the bitcoin community more broadly is the presence of many "Bitcoin Casinos." (I'm including all crypto here; not just bitcoin.) Many, though not all, seem to be provably fair.
I'm curious to know -- how good of a business are these casinos? I'd really love to hear from folks who have actually run or experimented with such sites!
Here are some initial thoughts and questions that strike me:
* It seems that there are a number of these businesses; how does one get a competitive advantage over others?
* It seems like switching costs for the user are pretty low. Combining this with the above makes me wonder how challenging they are together.
* Are there network effects with these businesses? In other words, does it matter how many other people are playing at the casino I am playing at? (If I'm playing against the house.)
* At what volume does it actually make sense to run one of these? (I'm sure this is a context-dependent answer - would love to hear perspectives!)
* I see a number of scripts available for sale. Does anyone in the business actual buy these, or do people just do their own custom development?
Thanks in advance for insights and opinions!
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