Post
Topic
Board Gambling
Re: Chips.gg |🎰 100k Event | Daily New Slots |
by
iv4n
on 29/07/2021, 05:23:46 UTC
...
The problem is that when there is token that can be earned by wagering there is a good amount of people who keep wagering and then hoping to make some money from the dividends, when you give people an option to just buy it instead of wagering they will do that instead of wagering because why risk your money when you can simply buy it.

However this creates a vortex, which means that less and less people will wager because they can simply buy the token instead of risk wagering, which means that there will be less wagering, when there is less wagering there is less dividends earned, and when you earn less dividends that means price will fall and when the price falls then people will wager less to earn it and the cycle repeats itself. This is why I hope that chip doesn't do something like this, it is not going to end up with anything profitable for anyone ever.

I don't see that "vortex" you are talking about... some of us gamble because we like it, and if we get something extra from that (mining) even better! It's why we risk money, to gamble and have fun, just investing for a sake of staking and receiving dividend payouts is something different, you have many projects for that, it doesn't have to be related to gambling! There's also one more interesting thing, maybe you can buy tokens for $100, but you can also wager a lot with $100, and mine a lot more tokens than you can buy with that money!

Casinos should be casinos, with or without some kind of "profit-sharing" feature! They should take care of their customers, add more games from time to time, have nice promotions, etc... and as long as they are doing that they will have players!