What will happen if the 12billionth bet isn't a bitcoin roll?
Will the prize be in btc still?
If you hit 12 billion bets with altcoins that means you will get the minimum prize, it is 0.01 BTC! And for the lucky rolls, you have to play with bitcoin ( min 0.00001 BTC ), otherwise your entry won't be count.
How if the bet with altcoin has higher value than 0.00001btc? Example, the 12 billionth bet is 5000 doge (equal to 45k satoshi) ? Does this bet also only deserve for the minimum prize?
Based on the rules, there's no conversion being stated. So, I guess, no matter how much your bet in altcoins was, you will get the minimum prize. But, as we all know, Baryom is a very flexible person, maybe he will make another policy if such cases happened.
My theory is for example you have bet 40 doges, and hit that lucky 12,000,000,000th roll, your prize will be *2500 and 100,000 doges will be your prize. Or its btc value equivalent.
But maximum is 1btc and minimum 0.01 guaranteed prize.
Why people want to play with altcoin instead of btc? If I remembered it well last time people hit it with altcoin and they get 0.01 btc instead of getting any other altcoin. It is really suggested for everyone that want to do it convert it to btc. First we will get btc instead of altcoin which is the recent price is raising. And the second thing, we will help Baryom just not to make this thing complicated around
I think within the next couple of weeks or months many people will stop gambling with altcoins due to the huge volatility. Especially what is happening in the last week in the alt-coins market.
Yes I know BTC also declined but not as badly as sold altcoins which are declining 15-20% daily, everyday.
I think that sites really should start to accept Tether USD for gambling. However I don't know if there are any regulations since its linked to the US fiat dollar.
Yes that is right somehow, people gain some profit due to this volatility but that is not the only reason for gambling. It need to be traded because it is much safer mean while for gambling you really need to do it in btc because no matter what you do, most sites will always using btc instead of some altcoin
Tether USD? What does it mean? Altcoin or fiat convertion? Why suddenly suggest us on this coin?
Tether is an altcoin which uses the short form of USDT (there is a T in the end) but the difference that this altcoin has with others is that its price is supposed to be tethered to USD price
it means the price of 1 USDT should be equal to 1 USD.
and most of the time it actually is like that but thee have been times where tether have also failed and got dumped below that promised price.
p.s. i don't think it is such a good idea to add it. and i also think using tether may need verification but i may be wrong.
If you said that the price will be equal to USD, so we does not called it as altcoin here. Altcoin on bitcoin industry sure have high volatility for some period of time before the price is stable. Mean while if it is equal to USD the price is stable enough as I can see here. So how can this thing be a new altcoin for now?
I do not really think that it will be applied here on bitcoin industry because of it can compete to other altcoin which have bigger demand
