Quote from: barbeq on June 03, 2017, 11:59:49 AM

Quote from: paulkt on June 03, 2017, 05:15:43 AM

As far as I know, most casinos want more players. They pay millions to their affiliates who refer new players to them every year. Most Casino coin holders are also gamblers themselves who also have BTC and dollars like myself. So the scenario would be like going to a Vegas Casino and ask them if its OK for you to bring a thousand or more of your friends to play at their casino. Not only that, you would also pay them a small sum as a bonus. Its a win win for the casino.

That would work if there was already a good adoption of CSC and a broad user base poised to gamble with their CSC. But the CSC holdings are very concentrated and mostly ~~hoarded~~held by people with no intention of gambling large amounts; most CSC holders plan to sell their coins one day for BTC and make a profit.

How many players would a casino gain by adopting CSC? Not many I suspect. And what would the casino want to do with the CSC it gains? (given the house advantage, the CSC gambled in the casino would gradually end up in the casino's hands). The casino would have to sell the excess CSC in the market for BTC, thus drepressing the price more. Adoption by a casino would not generate any new CSC buyers, because players holding BTC can just deposit their BTC directly into the casino.

There is no reason or incentive for casinos to adopt CSC unless there is some value add offered. A "bounty" of 100k coins is not going to make the slightest difference for a casino.

Look, Prypto tried to get CSC adopted by casinos by offering value added items such as KYC etc. It failed.

Now, since you all accuse me of not being constructive, here is an idea how to drive CSC adoption and perhaps its market price: Open up an online crypto currency casino and then accept CSC alongside other major cryptos but offer special advantages for players who deposit and play with CSC, such as better odds, special jackpots etc. If the casino can get enough traction and attract enough interest, it would drive players to CSC adoption (so that they can get the CSC exclusive casino benefits), and this would likely drive the CSC price up as new players start buying CSC. I looked into this possibility about 1 year ago, but I found that a properly licensed crypto casino would cost approx $50-75k to set up plus $1000s in recurring monthly charges, and it is very very hard to drive traffic to new online gambling sites. The risk/reward scenario did not look good, so I was not prepared to make such an investment.

Another option would be to persuade an established online casino to do the above (offer special CSC incentives) and pay the casino to do so. They might likely want hard cash rather than what seems to them worthless CSC, but you never know. Perhaps if some of the CSC multimillionaires (including the Prypto backers) offered a few million CSC to a casino as underwriting for any special jackpot etc. plus covering the implementation costs (in hard cash) of adding CSC as a payment method.

First of all, one of you needs to get off their arse and actually talk to casinos and invest hard cash, rather than posting on a message board that someone else should.

Thank you for the constructive reply. I agree with your points.
I still think it doesn't hurt to try out and approach some new altcoin casinos as they always need new players. We need atleast somewhere for casinocoin holders to spend their coins so we have a use for it.
We can also then work on a Casinocoin based casino as you suggested, but this would take some time and energy.