Well, if you say you will not annoy your users with KYC than I do not think it will be a problem. I mean KYC is required for stuff like identification and authorization so you would know the person really owns that account and not faking it.
Think of it like the basic security is having a password that is not 1234 and than having a bit further security is having 2FA on google auth and having further security is phone sms each time you log in but if you have the top most one its KYC for weird movements in an account, if a person has KYC all ready and prove that they own the account its fine if he did used VPN for example and looked like logging from all kinds of different countries but if a person gambles normally without anything weird and you ask it than it becomes annoying. As long as you do not annoy them, nobody will care about it I can assure you that.
Topic: SocialBet.io :: Know how are we going to monetize a casino with TRUE ODDS - page 7. (Read 1649 times)
March 14, 2019, 06:26:49 AM
March 14, 2019, 03:11:29 AM
The difference is when stake says the KYC could be required it is literally only on cases that look suspicious or different, for example a person who used VPN to gamble from out of their country and than logged in 10 minutes later from their country and if the amount is big than and only than stake COULD ask for information and even than they usually don't.
I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.
I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.
We are not going annoy our users and will use the KYC only in suspicious cases.
Thank you for the response OP since this is clarified now I will register to your site to try some games is there any free coins in your site? I see something that got a lot of win is this a real player ?
By the way I will be back to write a feedback to your site.
We are in the beta testing stage. No real money yet
March 14, 2019, 02:58:04 AM
The difference is when stake says the KYC could be required it is literally only on cases that look suspicious or different, for example a person who used VPN to gamble from out of their country and than logged in 10 minutes later from their country and if the amount is big than and only than stake COULD ask for information and even than they usually don't.
I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.
I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.
We are not going annoy our users and will use the KYC only in suspicious cases.
Thank you for the response OP since this is clarified now I will register to your site to try some games is there any free coins in your site? I see something that got a lot of win is this a real player ?
By the way I will be back to write a feedback to your site.
March 14, 2019, 02:08:35 AM
The difference is when stake says the KYC could be required it is literally only on cases that look suspicious or different, for example a person who used VPN to gamble from out of their country and than logged in 10 minutes later from their country and if the amount is big than and only than stake COULD ask for information and even than they usually don't.
I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.
I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.
We are not going annoy our users and will use the KYC only in suspicious cases.
March 14, 2019, 12:59:26 AM
OP thanks for responding to the question about KYC. However, I don't think it's a reasonable justification. You say that you want to do this legally, so KYC is for legal reasons, but you're not on a license, and you're not in a gambling jurisdiction that requires KYC. If you are, where are they?
Also, you said research and feedback from people is that KYC is important and makes a successful casino. You must have researched the wrong people and wrong casinos. Us Bitcoin gamblers don't like KYC. And the great Bitcoin sites who have been around for 5 years don't do KYC.
Also, you said research and feedback from people is that KYC is important and makes a successful casino. You must have researched the wrong people and wrong casinos. Us Bitcoin gamblers don't like KYC. And the great Bitcoin sites who have been around for 5 years don't do KYC.
March 13, 2019, 06:30:12 PM
I visited the site, Why do I see the winners are all bot in the leaderboard section? Are the prices real?, I see there is free 1 btc to play? COOL! The sites are played by bots?
Is this all in beta test mode? Something just doesn't add up. It seems too fishy. I have seen other sites like this that offer amazing player v player betting like this and they were not an honest operation. If you require KYC, where is your casino registration, company registration, etc. ? https://socialbet.io/about-us 
March 13, 2019, 03:20:00 PM
The difference is when stake says the KYC could be required it is literally only on cases that look suspicious or different, for example a person who used VPN to gamble from out of their country and than logged in 10 minutes later from their country and if the amount is big than and only than stake COULD ask for information and even than they usually don't.
I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.
I have bet on primedice for years now (probably close to what 5 years now?) and ever since stake started and never had any request to provide ID at all. If you are going to do it the same way than its fine but if you are going to ask KYC for every single winner all the time and make it harder for winners to withdraw their money than know that you will have very very few gamblers on your website and will eventually cease to exist.
March 13, 2019, 01:32:21 AM
Thank you for your question about KYC. I have got an answer from the legal team.
Your feedback did help We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.
You are missing the point completely. Making the KYC process simple does not matter since doing away with it is the only way that majority of the gamblers including me would show any sort of interest in your website.Quote
KYC is a legal necessity in case of gambling, although in cases of transactions with a small amount it may be escaped.
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Your feedback did help
We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.Get rid of the KYC requirement asap if you want your website to attract more attention.
Hello. I am the founder of SocialBet. This KYC did a noise in the last days
I want to understand the problem. I see that people ask to remove KYC and says that they won't play in bitcoin casino that has KYC, but at the same time, they use signatures of casinos that have KYC. For example, I may see in your signature STAKE.com. Check their terms and you'll find the same KYC in the 6th point.
https://stake.com/terms-of-service
The KYC is not so scary thing
We do not want to use it against the community. We won't force our players to verify their identity. This point is just to keep us legal and to avoid problems in future. We want to make our platform the best one. Your feedback is very important as we build our platform for you!
If you know a good standing casino, that does not have a KYC option in their legal docs, please send a link. We will investigate.
On stakes terms
6. KNOW YOUR CUSTOMER (“KYC”)
Stake reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Stake reserves the right to restrict service and payment until identity is sufficiently determined.
Most people arent aware on this thing and i agree to your point on here that KYC thing can happen or be asked on such situations.
I visited the site, Why do I see the winners are all bot in the leaderboard section? Are the prices real?, I see there is free 1 btc to play? COOL! The sites are played by bots?
They are still on test phase.Thank's for feedback
March 12, 2019, 05:25:40 PM
Thank you for your question about KYC. I have got an answer from the legal team.
Your feedback did help We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.
You are missing the point completely. Making the KYC process simple does not matter since doing away with it is the only way that majority of the gamblers including me would show any sort of interest in your website.Quote
KYC is a legal necessity in case of gambling, although in cases of transactions with a small amount it may be escaped.
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Your feedback did help
We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.Get rid of the KYC requirement asap if you want your website to attract more attention.
Hello. I am the founder of SocialBet. This KYC did a noise in the last days
I want to understand the problem. I see that people ask to remove KYC and says that they won't play in bitcoin casino that has KYC, but at the same time, they use signatures of casinos that have KYC. For example, I may see in your signature STAKE.com. Check their terms and you'll find the same KYC in the 6th point.
https://stake.com/terms-of-service
The KYC is not so scary thing
We do not want to use it against the community. We won't force our players to verify their identity. This point is just to keep us legal and to avoid problems in future. We want to make our platform the best one. Your feedback is very important as we build our platform for you!
If you know a good standing casino, that does not have a KYC option in their legal docs, please send a link. We will investigate.
On stakes terms
6. KNOW YOUR CUSTOMER (“KYC”)
Stake reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Stake reserves the right to restrict service and payment until identity is sufficiently determined.
Most people arent aware on this thing and i agree to your point on here that KYC thing can happen or be asked on such situations.
I visited the site, Why do I see the winners are all bot in the leaderboard section? Are the prices real?, I see there is free 1 btc to play? COOL! The sites are played by bots?
They are still on test phase. March 12, 2019, 04:24:15 PM
Good luck to you nice UI i like it
nice UI i like itThank you
I will pass your words to our Director Art. He will be glad to hear this))
March 12, 2019, 12:20:52 PM
Good luck to you nice UI i like it
nice UI i like it March 12, 2019, 11:36:04 AM
I visited the site, Why do I see the winners are all bot in the leaderboard section? Are the prices real?, I see there is free 1 btc to play? COOL! The sites are played by bots?
Thank you for testing our site.
Yes, we use bots in beta. They are helping us to test the site. We value the platform performance and still doing updates every day
March 12, 2019, 09:19:36 AM
Hello. I am the founder of SocialBet. This KYC did a noise in the last days
I want to understand the problem. I see that people ask to remove KYC and says that they won't play in bitcoin casino that has KYC, but at the same time, they use signatures of casinos that have KYC. For example, I may see in your signature STAKE.com. Check their terms and you'll find the same KYC in the 6th point.
https://stake.com/terms-of-service
The KYC is not so scary thing We do not want to use it against the community. We won't force our players to verify their identity. This point is just to keep us legal and to avoid problems in future.
We want to make our platform the best one. Your feedback is very important as we build our platform for you!
If you know a good standing casino, that does not have a KYC option in their legal docs, please send a link. We will investigate.
KYC could be very sensitive for some people because during gamble they want their identity still hide and it's more comfortable to them to gamble anonymous and i'm not try to defend stake.com but during my experience when playing at there as far i know stake.com allowed withdraw players money without using KYC but indeed they deserve asking KYC only for particular case I want to understand the problem. I see that people ask to remove KYC and says that they won't play in bitcoin casino that has KYC, but at the same time, they use signatures of casinos that have KYC. For example, I may see in your signature STAKE.com. Check their terms and you'll find the same KYC in the 6th point.
https://stake.com/terms-of-service
The KYC is not so scary thing
We do not want to use it against the community. We won't force our players to verify their identity. This point is just to keep us legal and to avoid problems in future. We want to make our platform the best one. Your feedback is very important as we build our platform for you!
If you know a good standing casino, that does not have a KYC option in their legal docs, please send a link. We will investigate.
March 12, 2019, 07:29:36 AM
I visited the site, Why do I see the winners are all bot in the leaderboard section? Are the prices real?, I see there is free 1 btc to play? COOL! The sites are played by bots?
March 12, 2019, 06:59:40 AM
Thank you for your question about KYC. I have got an answer from the legal team.
Your feedback did help We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.
You are missing the point completely. Making the KYC process simple does not matter since doing away with it is the only way that majority of the gamblers including me would show any sort of interest in your website.Quote
KYC is a legal necessity in case of gambling, although in cases of transactions with a small amount it may be escaped.
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Your feedback did help
We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.Get rid of the KYC requirement asap if you want your website to attract more attention.
Hello. I am the founder of SocialBet. This KYC did a noise in the last days
I want to understand the problem. I see that people ask to remove KYC and says that they won't play in bitcoin casino that has KYC, but at the same time, they use signatures of casinos that have KYC. For example, I may see in your signature STAKE.com. Check their terms and you'll find the same KYC in the 6th point.
https://stake.com/terms-of-service
The KYC is not so scary thing
We do not want to use it against the community. We won't force our players to verify their identity. This point is just to keep us legal and to avoid problems in future. We want to make our platform the best one. Your feedback is very important as we build our platform for you!
If you know a good standing casino, that does not have a KYC option in their legal docs, please send a link. We will investigate.
March 12, 2019, 04:24:41 AM
Thank you for your question about KYC. I have got an answer from the legal team.
Your feedback did help We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.
You are missing the point completely. Making the KYC process simple does not matter since doing away with it is the only way that majority of the gamblers including me would show any sort of interest in your website.Quote
KYC is a legal necessity in case of gambling, although in cases of transactions with a small amount it may be escaped.
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Anyway, in some cases (e.g. small amount of transaction), KYC may be required by SocialBet.
We are going to be fully in compliance with the laws which is the best guarantee of the sound and safe operation of our platform.
By the way, Primedice.com also has KYC procedure for its users.
https://ibb.co/mCht0th
Your feedback did help
We are currently updating our terms of use. Moreover, we are going to make KYC as simple as possible.Get rid of the KYC requirement asap if you want your website to attract more attention.
March 12, 2019, 04:22:10 AM
So wait a minute, you are going to make a zero house edge casino and you are going to hope that donations will keep it alive? How does that work ? I mean zero house edge means you could totally lose millions of dollars with a lucky streak from a whale (depending on the max bet), are you going to just cover that with donations ? You think you will get that much donations ?
Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.
Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.
You are right in case if we have been a classic casino. But we aren't. Think about us as an ANTI-CASINO. We are not a house, we are a platform where gamblers meet gamblers. We do not need donations to cover the bank. We need them to push the project, create new games and add awesome features.
in time, we will know if this approach will be sustainable to this platform?
do you have contingent plans in case it will not make so much noise in the gambling community here?
understandably at first, you can get players but in the long-term scenario people always look for the better. they will jump from one platform to another. aside from boasting the 0% house edge, any other aspect that you are looking at that will help you survive in this industry?
Big things have small beginnings
We have a great team, long-term plans, and ambitious ideas. We are going to deliver innovative games with smart contracts. very positive approach i would say!
so lets start the party!!! lol
and since you got attention from the community because of this 0% house edge promo thing, you need to make sure that your kyc thing will not be an obstacle for them to get on board. as you promised, make it simple as possible so i dont know how simple that would be??
Thank you very much! The house edge removal is not a promo. It is our mission!
Everyday we are working hard to make our platform better.KYC is an important thing to keep us legal. After feedback from the community, we made research again and found that most of the successful bitcoin gamblings do have KYC.
March 11, 2019, 05:21:37 PM
So wait a minute, you are going to make a zero house edge casino and you are going to hope that donations will keep it alive? How does that work ? I mean zero house edge means you could totally lose millions of dollars with a lucky streak from a whale (depending on the max bet), are you going to just cover that with donations ? You think you will get that much donations ?
Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.
Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.
It seems that you did not visit the site before comment, this site is offering a lottery type game where players gamble against other players.
Indeed no matter it is pvp based game or usual game vs the house, the casino should have a house edge or at least fees from the games. Waiting for donations from the players wont work for long time. I'm sure it wont survive this way.
March 11, 2019, 05:16:42 PM
So wait a minute, you are going to make a zero house edge casino and you are going to hope that donations will keep it alive? How does that work ? I mean zero house edge means you could totally lose millions of dollars with a lucky streak from a whale (depending on the max bet), are you going to just cover that with donations ? You think you will get that much donations ?
Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.
Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.
You are right in case if we have been a classic casino. But we aren't. Think about us as an ANTI-CASINO. We are not a house, we are a platform where gamblers meet gamblers. We do not need donations to cover the bank. We need them to push the project, create new games and add awesome features.
in time, we will know if this approach will be sustainable to this platform?
do you have contingent plans in case it will not make so much noise in the gambling community here?
understandably at first, you can get players but in the long-term scenario people always look for the better. they will jump from one platform to another. aside from boasting the 0% house edge, any other aspect that you are looking at that will help you survive in this industry?
Big things have small beginnings
We have a great team, long-term plans, and ambitious ideas. We are going to deliver innovative games with smart contracts. very positive approach i would say!
so lets start the party!!! lol
and since you got attention from the community because of this 0% house edge promo thing, you need to make sure that your kyc thing will not be an obstacle for them to get on board. as you promised, make it simple as possible so i dont know how simple that would be??
gambling site is a business and would really need to make profits (maintenance, staffs,bankroll add-up).
When i do read up about KYC required then it already give me the feels of losing interest and most gamblers would feel the same.
March 11, 2019, 04:02:10 PM
So wait a minute, you are going to make a zero house edge casino and you are going to hope that donations will keep it alive? How does that work ? I mean zero house edge means you could totally lose millions of dollars with a lucky streak from a whale (depending on the max bet), are you going to just cover that with donations ? You think you will get that much donations ?
Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.
Zero house edge never worked in the casino space ever before and there is a reason for that, casinos are not making the house edge 1% (or lower/higher) just for profits, they are doing it to make sure they don't bankrupt. There are casinos with positive house edge that lost money because of lucky rolls from gamblers, thinking you can find a way out of it is just a silly dream that would not work with just donations.
You are right in case if we have been a classic casino. But we aren't. Think about us as an ANTI-CASINO. We are not a house, we are a platform where gamblers meet gamblers. We do not need donations to cover the bank. We need them to push the project, create new games and add awesome features.
in time, we will know if this approach will be sustainable to this platform?
do you have contingent plans in case it will not make so much noise in the gambling community here?
understandably at first, you can get players but in the long-term scenario people always look for the better. they will jump from one platform to another. aside from boasting the 0% house edge, any other aspect that you are looking at that will help you survive in this industry?
Big things have small beginnings
We have a great team, long-term plans, and ambitious ideas. We are going to deliver innovative games with smart contracts. very positive approach i would say!
so lets start the party!!! lol
and since you got attention from the community because of this 0% house edge promo thing, you need to make sure that your kyc thing will not be an obstacle for them to get on board. as you promised, make it simple as possible so i dont know how simple that would be??
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