Interview with Stake.com CEO Reveals Plans for Tether Betting + New Games.

Kakmakr

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I think one of the biggest advantages that Stake has over it's competitors at the moment, is the true embrace and use of Crypto micro betting. No matter if you are a rich first world citizen with a strong currency or a poor gambler from a third world country, they still allow you to gamble at their site for a fraction of a cent in Crypto currencies.

Stake recently added Slot games from external game providers and you cannot bet smaller than the equivalent of $0.10 on a single bet, with most games being $0.20. This is actually very sad, because the strength of this casinos is the micro betting options. Sad

Impact : 10 bets at $0.10 = 1 McDonald's BBQ Ranch Burger Roll Eyes

- Now imagine how many burgers can be bought with a currency that are between 10 to 20 times weaker in developing countries. Sad

- https://upload.wikimedia.org/wikipedia/commons/9/9b/Big_Mac_index_50USD_2columns.png to see that with $50 and BigMac's. Angry

(note prices = year 2012)

I hope the multiplayer games will be like the original Stake games, where gamblers will be able to use micro betting and not fixed Fiat linked betting values. Roll Eyes

Juggy777

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Quote from: el kaka22 on August 13, 2020, 03:26:33 PM

It is hard for me as a regular person to root for a casino that never took any investment from the users, they have enough money to actually go around doing their own thing, so there is really nothing for me if they are super successful or they just bankrupt, I wouldn't be effected by it, hence I can't really say what could make them better or worse, since it doesn't really matter to me.

However it does make sense to actually add USDT and I would say that all these new third party provider games looks a bit like destroying the credibility of stake, normally it is a purely stake owned games with 100% provably fair games, right now it is not stake owned and I do not trust their fair situation neither, so the new update actually made it a bit worse to me as a gambler.

@el kaka22 if you have been following @MICRO posts then you would have realised that team Stake has a clear vision about how they want to do things at Stake, and when they feel that they need to add more games and payment options then they’ll do so and update us. Also regarding those new games @MICRO has already addressed those games not being probably fair, and he has suggested to stick with Stake original games on their site for people who like to play only probably fair games.

Quote from: MICRO on July 20, 2020, 08:27:12 AM

Quote from: TwitchySeal on July 20, 2020, 03:02:14 AM

Quick drop from 100% provably fair games to ~1%. Gotta be said.

Yeah thats the main issue with all this games by various providers. They are generally trusted but not provablyfair.

If you care about provablyfair as much as we do you can still play only Stake originals games.

However hopefully we can push the industry towards provablyfair and one day hopefully there won't be any casino games that are not provablyfair.

Quote from: MICRO on July 07, 2020, 07:55:36 AM

WHEN we do it IF we do it, we will do it in our own way. And it will be by far the best implementation of provider games ever.

But our stake original games will always be our priority and our passion

Not many casinos left out there that do their own stuff.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

It is hard for me as a regular person to root for a casino that never took any investment from the users, they have enough money to actually go around doing their own thing, so there is really nothing for me if they are super successful or they just bankrupt, I wouldn't be effected by it, hence I can't really say what could make them better or worse, since it doesn't really matter to me.

However it does make sense to actually add USDT and I would say that all these new third party provider games looks a bit like destroying the credibility of stake, normally it is a purely stake owned games with 100% provably fair games, right now it is not stake owned and I do not trust their fair situation neither, so the new update actually made it a bit worse to me as a gambler.

Pamadar

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Quote from: ethereumhunter on August 13, 2020, 05:40:07 AM

Quote from: lebregone on August 13, 2020, 02:21:58 AM

They should do it so they can satisfy their customers, the more game that they will add to their platform the more customers that they will get.

It is a simple marketing strategy to almost gambling owners, I am not a Tether fan but this will surely give their customers more choices which is good.

They will do it if that can satisfy their members. Before they implement the idea, I think they already ask with their members, whether it is a good idea to have Tether as alternate coins besides the existing coin or not. And if the members think that is a good idea, they will give an update to the public to attract more gamblers to play on their site. Before that idea can be applied, they need to prepare everything, so hopefully, there is no problem in the future.

Precisely. Before Stake take any move they'll make sure that it will attract more gamblers to visit the site, things will undergo to different process and check if the marketing are getting enough attentions.

Stake management knows how to play this business, this won't comes up if there's no potential for more successions.

ethereumhunter

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Quote from: lebregone on August 13, 2020, 02:21:58 AM

They should do it so they can satisfy their customers, the more game that they will add to their platform the more customers that they will get.

It is a simple marketing strategy to almost gambling owners, I am not a Tether fan but this will surely give their customers more choices which is good.

They will do it if that can satisfy their members. Before they implement the idea, I think they already ask with their members, whether it is a good idea to have Tether as alternate coins besides the existing coin or not. And if the members think that is a good idea, they will give an update to the public to attract more gamblers to play on their site. Before that idea can be applied, they need to prepare everything, so hopefully, there is no problem in the future.

Saint-loup

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Quote from: Mauser on August 13, 2020, 03:27:16 AM

Quote from: Saint-loup on June 26, 2020, 05:36:16 PM

You're wrong. Gold is stable but fiats aren't anymore.
Most of moneys in the world were pegged to gold only few decades ago...

Gold being up 30% in one year doesn't seem so stable. Gold is still a commodity for crisis so its doing very well during corona, but after the crisis prices should fall again. There is still decent volatility in gold.

yes you're right gold isn't very stable anymore but AFAIK it's still more stable and less volatile than most of cryptocurrencies.

Mauser

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Quote from: Saint-loup on June 26, 2020, 05:36:16 PM

You're wrong. Gold is stable but fiats aren't anymore.
Most of moneys in the world were pegged to gold only few decades ago...

Gold being up 30% in one year doesn't seem so stable. Gold is still a commodity for crisis so its doing very well during corona, but after the crisis prices should fall again. There is still decent volatility in gold.

Quote from: TopTort777 on August 12, 2020, 12:26:17 PM

Plans? Did not they already added hundred of slots games? They plan to add more? Omg... Does hundred of slots, betting and “other old games” are not enough for someone? Or someone is bored with little variety of games? I dont believe in that.

I am pretty sure they will take out all the old games which people are not playing anymore. It's all about offering something new, even if it's just the old things in new design.

lebregone

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They should do it so they can satisfy their customers, the more game that they will add to their platform the more customers that they will get.

It is a simple marketing strategy to almost gambling owners, I am not a Tether fan but this will surely give their customers more choices which is good.

Quidat

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Quote from: Ayiranorea on August 12, 2020, 02:27:20 PM

Quote from: Sadlife on August 11, 2020, 09:34:48 AM

Nobody uses Tether, because its regulated and pegged by the US dollar they should just accept a different Cryptocurrency like chainlink instead of a Stable Coin. New games is kinda typical these days, i guess what im really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Already stake has got a huge list of cryptocurrencies being added for gambling needs. In specific certain minimum and maximum value was provided, using which one can convert any cryptocurrency to any of the liked coins with which we wish to play. Now to the list USDT is gonna get added, and just because it is begged by the US dollar we can't state it to be unwanted for gambling. For users who place bets in terms of USD it'll be good.

The more options the better, hence no one would force you out to make use of USDT since there are lots of coins to choose from on where you do much prefer but we cant really avoid the fact that there are people
who are fan of making use of stable coins into their gambling without sacrificing out their identity not like when they do play directly into a fiat based online casino.Somehow there are really some pros and cons
on using it up but all things will vary or depend on a certain user since not all would having the same thing or mindset.If Stake do add it up then its a good news for those people who do look for this kind of
option if not then just simply skip out.

Ayiranorea

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Quote from: Sadlife on August 11, 2020, 09:34:48 AM

Nobody uses Tether, because its regulated and pegged by the US dollar they should just accept a different Cryptocurrency like chainlink instead of a Stable Coin. New games is kinda typical these days, i guess what im really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Already stake has got a huge list of cryptocurrencies being added for gambling needs. In specific certain minimum and maximum value was provided, using which one can convert any cryptocurrency to any of the liked coins with which we wish to play. Now to the list USDT is gonna get added, and just because it is begged by the US dollar we can't state it to be unwanted for gambling. For users who place bets in terms of USD it'll be good.

glowing10

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Quote from: kotajikikox on August 12, 2020, 09:49:09 AM

Quote from: Sadlife on August 11, 2020, 09:34:48 AM

I guess what i'm really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Very good idea that for sure will work in the eyes of both gamblers and someone who are looking for investment.

In part of gamblers they can send portion of their funds to bankroll
while enjoying the games while with investors they can simply
invest their money and wait for passive interest and continue without
joining the actual gambling.

Stake established their name to this business and opening compound
investment is not far to succeed, investors are the one who will come and join them.

It’s going to be real fun to check out with so many games and keep on playing with huge collection so that you are not going to get bored. Also, the investment is going to be a good option in order to spread the income horizon as well and could really be a good passive income if the things turn out to be right.

TopTort777

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Quote from: Shasha80 on August 11, 2020, 08:53:46 AM

Of course the positive thing for Stake.com is that it plans to add new games

Plans? Did not they already added hundred of slots games? They plan to add more? Omg... Does hundred of slots, betting and “other old games” are not enough for someone? Or someone is bored with little variety of games? I dont believe in that.

kotajikikox

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Quote from: Sadlife on August 11, 2020, 09:34:48 AM

I guess what i'm really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Very good idea that for sure will work in the eyes of both gamblers and someone who are looking for investment.

In part of gamblers they can send portion of their funds to bankroll
while enjoying the games while with investors they can simply
invest their money and wait for passive interest and continue without
joining the actual gambling.

Stake established their name to this business and opening compound
investment is not far to succeed, investors are the one who will come and join them.

Saint-loup

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Quote from: imstillthebest on August 11, 2020, 08:30:45 AM

Quote from: Saint-loup on August 04, 2020, 06:05:17 PM

I'm not sure about that. Because the BTC and the Ethereum blockchains are currently very congested and expensive in fees. So if Stake uses the original Tether on Omni or the clone on Ethereum it won't be usable for many people. Only the Tron and EOS versions would be interesting for most of users IMO.

i didnt know that tether has many versions , thanks for the info . i thought there is only one tether . im not familiar with omni but clone is something that i dont like , ill stick on tron and eos . to @bitcointurk . they already have that feature , you can exchange your coins to other coins by paying some fees but the fee can be reduced when you use codes , more info can be provided on thier site . eth now is expensive in price and many are complaining for high withdrawal fees so i dont recomend eth or btc atm

Yes Tether is even on less known blockchain like SLP, Algorand or Liquid.
You can find the amounts on the different blockchains here https://wallet.tether.to/transparency
Omni is the original one but as you can see, now there are more Tethers on Tron and Ethereum blockchains

Sadlife

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Nobody uses Tether, because its regulated and pegged by the US dollar they should just accept a different Cryptocurrency like chainlink instead of a Stable Coin. New games is kinda typical these days, i guess what im really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Pamadar

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Quote from: Shasha80 on August 11, 2020, 08:53:46 AM

Of course the positive thing for Stake.com is that it plans to add new games and also provides a gambling option using USDT.
This is something that rarely happens in online casinos to include stable coins as a gambling option. But for me not a positive
thing providing USDT in online gambling, because I am not interested in gambling using USDT.

You already mentioned the good side but personally you don't want to use it. There's always opinions regarding to this and stake is well aware about it, using USDT gives gamblers who cares about value of their fiats interest to play inside the house.

Those people who are afraid of losing the value of their crypto funds will support this move from Stake.

Shasha80

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Of course the positive thing for Stake.com is that it plans to add new games and also provides a gambling option using USDT.
This is something that rarely happens in online casinos to include stable coins as a gambling option. But for me not a positive
thing providing USDT in online gambling, because I am not interested in gambling using USDT.

erikoy

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Quote from: imstillthebest on August 11, 2020, 08:30:45 AM

Quote from: Saint-loup on August 04, 2020, 06:05:17 PM

Quote from: BitcoinTurk on July 04, 2020, 11:07:36 AM

Quote from: nakamura12 on June 27, 2020, 06:20:44 AM

It could be useful when the same site also have this feature where you can exchange the coins you own to other coins you want. I have tried exchanging to other coins on a dice site when I really don't like the fee deducted to your balance when you withdraw so I exchange my btc to eth then withdraw with less fee and saves me a lot.

Certainly, it is a very important factor that it provides all the possibilities of the service it provides to its users instead of just providing this service. In particular, if I think that the website that provides this service is reliable in the industry, I think that many users will use this service and that the website can earn extra income with appropriate commissions. In this way, both the users will not provide convenience and the website will generate extra income. Moreover, just because of this ease, many gamblers will prefer to use this website.

I'm not sure about that. Because the BTC and the Ethereum blockchains are currently very congested and expensive in fees. So if Stake uses the original Tether on Omni or the clone on Ethereum it won't be usable for many people. Only the Tron and EOS versions would be interesting for most of users IMO.

i didnt know that tether has many versions , thanks for the info . i thought there is only one tether . im not familiar with omni but clone is something that i dont like , ill stick on tron and eos . to @bitcointurk . they already have that feature , you can exchange your coins to other coins by paying some fees but the fee can be reduced when you use codes , more info can be provided on thier site . eth now is expensive in price and many are complaining for high withdrawal fees so i dont recomend eth or btc atm

Well in my speculation is that there is a high chance that btc and eth will reach the ATH for mostly others will hold due to high transaction fee. Traders also will less likely to do these coins a day trade so most of the graph will show that eth and btc are continue to grow time after time. I guess there is a plan to reach bitcoin and eth to higher market price. Well it is just a little bit way to hold these crypto because whether we like or not most of the users holding these crypto will likely to exchange it especially if their needs arises and short on financially.

imstillthebest

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Quote from: Saint-loup on August 04, 2020, 06:05:17 PM

Quote from: BitcoinTurk on July 04, 2020, 11:07:36 AM

Quote from: nakamura12 on June 27, 2020, 06:20:44 AM

It could be useful when the same site also have this feature where you can exchange the coins you own to other coins you want. I have tried exchanging to other coins on a dice site when I really don't like the fee deducted to your balance when you withdraw so I exchange my btc to eth then withdraw with less fee and saves me a lot.

Certainly, it is a very important factor that it provides all the possibilities of the service it provides to its users instead of just providing this service. In particular, if I think that the website that provides this service is reliable in the industry, I think that many users will use this service and that the website can earn extra income with appropriate commissions. In this way, both the users will not provide convenience and the website will generate extra income. Moreover, just because of this ease, many gamblers will prefer to use this website.

I'm not sure about that. Because the BTC and the Ethereum blockchains are currently very congested and expensive in fees. So if Stake uses the original Tether on Omni or the clone on Ethereum it won't be usable for many people. Only the Tron and EOS versions would be interesting for most of users IMO.

i didnt know that tether has many versions , thanks for the info . i thought there is only one tether . im not familiar with omni but clone is something that i dont like , ill stick on tron and eos . to @bitcointurk . they already have that feature , you can exchange your coins to other coins by paying some fees but the fee can be reduced when you use codes , more info can be provided on thier site . eth now is expensive in price and many are complaining for high withdrawal fees so i dont recomend eth or btc atm

Saint-loup

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Quote from: BitcoinTurk on July 04, 2020, 11:07:36 AM

Quote from: nakamura12 on June 27, 2020, 06:20:44 AM

It could be useful when the same site also have this feature where you can exchange the coins you own to other coins you want. I have tried exchanging to other coins on a dice site when I really don't like the fee deducted to your balance when you withdraw so I exchange my btc to eth then withdraw with less fee and saves me a lot.

Certainly, it is a very important factor that it provides all the possibilities of the service it provides to its users instead of just providing this service. In particular, if I think that the website that provides this service is reliable in the industry, I think that many users will use this service and that the website can earn extra income with appropriate commissions. In this way, both the users will not provide convenience and the website will generate extra income. Moreover, just because of this ease, many gamblers will prefer to use this website.

I'm not sure about that. Because the BTC and the Ethereum blockchains are currently very congested and expensive in fees. So if Stake uses the original Tether on Omni or the clone on Ethereum it won't be usable for many people. Only the Tron and EOS versions would be interesting for most of users IMO.

Topic: Interview with Stake.com CEO Reveals Plans for Tether Betting + New Games. (Read 909 times)