Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NoLimitCoin NLC for Fantasy Sports Game [SHA256d][PoW/PoS][ICO]
by
truethat
on 20/06/2018, 12:26:05 UTC
The nlc2 is sort of presented to someone gambling online as a poker chip, or something even pegged to their fiat.  they just buy it and play games.  That's half of it.  Its more like, for example, trading into the Japanese Yen or something from the dollar, gambling, then going back into the dollar.  Nlc2 is a globally-traded currency that will fluctuate, and those fluctuations will most of the time be totally unrelated to gaming.  they have to do with market psychology.  So there can be benefits but also risk and downsides to this for a gamer.  Especially if they're a total newb to commodities, cryptos, etc.  There will be cases where people win money but because of the market they lose money.  Depending how long they were exposed to the market.  And there will be cases where people lose money, but still make money because of those same forces.  

So perhaps the websites need to be a bit more sophisticated, where they include for the user what the price was when they logged on and where the price is at the moment, on the screen for them to clearly see.   People have been gambling with bitcoin for years already.  So this isn't that shocking to have a floating currency with gambling.  But its definitely an element of risk thrown in on top of the risk of losing in a game.  Because crypto-currencies are still very new companies like yours are, like it or not, pioneering.  In America, for example, i really doubt most people have been international currency traders before.  Or that they all understand market exposure like a day-trader would.  

I definately think this project will be successful.  This is a spot i haven't really seen addressed in it so far, though.  Because everything people eat, drink, live in, where, is pegged to fiat money, They'll always need to go back to that.  Having a debit card is a convenience, but it masks the trading between currencies really going on.  Nlc2 will never be, for example, as stable to the dollar as the Yen even.  It will be much wilder for the foreseeable future.  hopefully trending up.  But with lots of downs as well, and nobody knows when those will happen.  

so the gambler is much safer getting in and getting out in under a day or a few days.