Post
Topic
Board Gambling
Re: SafeDice.com ★ Bitcoin Dice ★ Low 0.5% Edge ★ Referral ★ Fast Cashout ★ Fair
by
pawel7777
on 10/05/2015, 20:46:03 UTC

It is actually a good move because people are demanding for monero dice. It is an old coin with trusted dev.
With the demand, theres no supply. Safedice is actually making a good implementation to create the supply.

Yeah, but the question is whether the demand is real. Holders of any altcoin will demand all kinds of services and businesses to accept their coins, but they don't necessarily want to use them, they often are just hoping that it will increase the value of their holding.

Don't get me wrong, I'm not against the idea, but I would consider adding other alts as well.

Doge could do well, it's uncapped in supply (inflationary) so promotes activity (whether gambling or investing) and it still has big number of supporters.

Or you could just take some popular PoS coin and do what Dooglus did with CLAM, you can invest it on Just-Dice and apart from investment income, you also get paid for 'staking'. Basically investing can be an alternative for running the wallet. The house could charge commission on staking rewards (say 10%) so there will be some revenue even with zero activity. Definitely worth considering. More details here:

https://just-dice.com/#a27

Quote
STAKE: we just staked 1.0000 CLAM - What does this mean?

Being a proof-of-stake coin means that just by holding coins the site earns rewards for staking blocks. All of the rewards earned from staking are added to the site's bankroll for players to play against and win. Only onsite investment amounts are considered when sharing out staking rewards. 10% commission is charged on staking rewards before they are shared out rather than on divesting or at the end of the week.

The rewards earned from staking do not show up in the site's overall profit, or in the site profit percentage but they do show up in each individual investor's profit stat. This allows us to compare the site's profit from players with the expectation. We expect the site profit to tend to 1% of the wagered amount over time.