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> Blockchain technology

Marcelo12343
post Nov 19 2018, 04:25 PM, updated 4 months ago

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Hey guys, right now I am looking at an opportunity of creating my own online casino. However, I want it to be special, so I am thinking, that I should build it on a blockchain technology and I would use smart contracts in order to transfer money to and from my casino. I was looking for similar casinos on Casino Guru, but nobody uses this kind of technology. Do you think it would be technically possible? The biggest advantage I see the, is the safe place to play for my clients. Of course, there are much more to it, but at first I wanted to know as many opinions as possible.
mas1900
post Nov 20 2018, 02:50 PM

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You should focus on technology easily accessible by your clients and not the coolest technology. Even if you are using bitcoin, you can only access to very small number of customers.

Disclaimer: I assume you already have the required license to operate your online casino. Otherwise, you can ignore my comment.
cfkoon
post Nov 21 2018, 03:16 PM

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QUOTE(Marcelo12343 @ Nov 19 2018, 04:25 PM)
Hey guys, right now I am looking at an opportunity of creating my own online casino. However, I want it to be special, so I am thinking, that I should build it on a blockchain technology and I would use smart contracts in order to transfer money to and from my casino. I was looking for similar casinos on Casino Guru, but nobody uses this kind of technology. Do you think it would be technically possible? The biggest advantage I see the, is the safe place to play for my clients. Of course, there are much more to it, but at first I wanted to know as many opinions as possible.
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As with any business, in your case Online Casino, you have to make sure you have enough capital to underwrite the risk of a casino business. Just because you use blockchain technology to finalize the betting contracts does not ignore the fact that you will need to stump up an amount of cash (in this case BTC) to handle the payout. Do you seriously think free BTC will just appear for you just because you implement blockchain technology ?

Your clients are not worried about a safe place to bet, they are more worried about getting the actual payout and whether you will be able to pay them when they win in your casino. You have to make sure that when they win , the BTC will be securely deposited to their wallet and subsequently they are able to cash it out.
Staterrotor
post Jan 16 2019, 02:35 PM

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The idea is generally good, considering increasing use and popularity of crypto currencies. But, before going into this business, you would need to plan very well every step in this process, especially how you will be able to payout winning amounts in cryptos
Andrew Lim
post Jan 16 2019, 02:55 PM

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QUOTE(Staterrotor @ Jan 16 2019, 02:35 PM)
The idea is generally good, considering increasing use and popularity of crypto currencies. But, before going into this business, you would need to plan very well every step in this process, especially how you will be able to payout winning amounts in cryptos
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The original poster is just a spammer.
He has not posted in almost 2 months and he has only made 1 post to subtlety promote the Casino Guru website.
Wastern
post Feb 12 2019, 06:04 AM

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Blockchain is a rather discussed topic today. I know that everything began with cryptocurrency, but now blockchain is actively used in business. Blockchain itself has become a business. I came across an interesting article, this technology is well described here https://merehead.com/blog/start-blockchain-business/ . It seems to me that this is a good business opportunity, I know that the blockchain helps to get rid of intermediaries, blockchain technology also allows access to transactions at any time.
ikankering.
post Feb 12 2019, 09:55 AM

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other alternative then blockchain? might get more momentum

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