/ETHbet/

$1.5M market cap, first peer to peer dicing platform with a 0% house edge(why gamble on anything other than a 0% house edge platform?)

>how do we make money on a token that doesnt pay dividends?

first, Tokens that pay dividends still appreciate in value primarily due to speculation. One of the only projects that has paid out dividends, Etheroll, has a market cap of over $25M million, but produced only $300K of dividends in its first payout period, 7 months after the token was created. This isn’t intended to undermine their success, but rather demonstrate that the value of a token is driven more by speculation than by realized dividends.

second, It is technically complex to pay out dividends. Token holders must have their own private keys during the dividend period, and must execute the dividend smart contract during this period in order to receive anything. It’s much more favorable to have the value of a token be derived from its usage rather than potential dividends.

third, Many projects that use the token-as-credit model still experience large market cap growth and demand for their token. Some examples of this include 0x, Funfair, and Edgeless, but there are likely hundreds of others.

and fourth, having a token that pays out dividends is not sustainable and is technically illegal in many countries in many different ways, even if no one has been prosecuted for it yet

Other urls found in this thread:

ethbet.io/whitepaper.pdf
twitter.com/NSFWRedditImage

But how does the dice game that's driving this coin look?
If it doesn't do what other casino coins do better I don't see if performing well.

read the white paper, then hope you still have time to invest

I'm in for the short term.
This will be pumped for just a bit and fizzle off.

Even though I bought into this ICO, the demo is nothing special. Anyone with basic SQL and web development skills could make that.

The better question is why would random people offer casino games with 0% edge

Didn't you post this yesterday.

The guys behind this project epitomize the phrase "idea guy." Seriously, they just started looking for an actual developer to create their "vision."

because they own 1m tokens and if they are worth $1 each its $1m

note they are forced by contract to not sell their token for 6 months so they can't just pump and dump their own token

fud

they have a working prototype, growing companies need *more* developers

and the whole point of an ico is for capital to grow, its a good thing that they are investing their capital on new hires, and not just banking it

Doesn't matter we're going to the moon!

The demo on their website is not a working prototype. To say they have a prototype they would need something actually working on the blockchain.

I seriously hope the people that invested make money. I'm just tired of seeing shit without any merits shilled so heavily here on biz.

Just this. There's A LOT of threads that do it.

Dev seems really calm, honest and composed. Between this and LINK, I'm feeling pretty comfy.

legit senpai, holding 24k EBET and 28K LINK

Ethbet fags always with the copy pasta
If your 1m mc ico is so good stop shilling it
No one shills the good icos

holding 20k LINK, 20k EBET, and get my 20k CSNO tomorrow

I shill ICOs I think are good once I've bought in, but only if it has a hardcap

>No one shills the good icos
Ignoring the weeks of LINK posts before the ICO.

What happened here was that some anons caught news of EBET early and exclusively shilled it to Veeky Forums, they wanted to make it /ourcoin/. Possible with such a low hard cap, plus it's in stealth mode since the devs didn't spend much on marketing. They put up a few ads now to close the crowdsale faster, it's nearly done.

>mfw it hits $10per token

above and beyond my friend

Reminded that EBET tokens don't pay out profits of the gambling service. Have fun holding those bags.

first, Tokens that pay dividends still appreciate in value primarily due to speculation. One of the only projects that has paid out dividends, Etheroll, has a market cap of over $25M million, but produced only $300K of dividends in its first payout period, 7 months after the token was created. This isn’t intended to undermine their success, but rather demonstrate that the value of a token is driven more by speculation than by realized dividends.

second, It is technically complex to pay out dividends. Token holders must have their own private keys during the dividend period, and must execute the dividend smart contract during this period in order to receive anything. It’s much more favorable to have the value of a token be derived from its usage rather than potential dividends.

third, Many projects that use the token-as-credit model still experience large market cap growth and demand for their token. Some examples of this include 0x, Funfair, and Edgeless, but there are likely hundreds of others.

and fourth, having a token that pays out dividends is not sustainable and is technically illegal in many countries in many different ways, even if no one has been prosecuted for it yet

kill yourself my man!

>no rebuttal from FUD'er
>he didnt even read the OP
>every time

Can someone please explain the difference between a token and a coin, what value this has beyond speculation? Are the tokens the coin in this instance? EBET = value of exchange within this online dice game?

You know it's true

I remember when ICN had to backtrack on paying dividends and try to come up with some other reason to buy the token.


That went well

that was after ICO so were all good

did you even read the OP you dumb cunt

13 ETH UNTIL HARDCAP

ALERT ALERT

Yes as it's a copy paste job which has been posted 50 times already

> still falling for the buyback / utility token meme in September 2017. Good luck

>not realising you are retarded

...

Im seeing way too much copypasta in these threads

Doesnt matter. "zero house edge" and no dividends is a trash model for a gambling platform.
what incentive is there for someone to hold ebet?

copypasta because i can only be bothered to type the same arguments to you braindead cunts so many times. im not re writing it because you didnt understand

>what incentive is there for someone to hold ebet?

you could ask that about most coins and stocks
ethbet.io/whitepaper.pdf
>page 7. profit model

>tiny little fees
okay. ill enjoy my 11k dividends from bitdice you enjoy whatever

oh why didnt you just say your a bitdice bagholder that will never see a dividend or have your token listed on a single reputable exchange because its legally a security. who the fucks going to gamble on bitdice when theres 0% fees on ethbet

kek

So I don't understand this. No fees, but players can offer fees?

Huh?

its really about how much volume there is on the site.

it explains it better than i can

With the ability for players to offer and call bets with an arbitrary player-defined house edge, the
problem of large wait times for bets can now be solved with negligible downsides. Players are
effectively able to become their own casinos within Ethbet, setting their own house edge. As every
player that offers bets is competing against other players to have their bets taken, they are incentivized
to set their house edge as low as possible.
For example, if a player wants to make a very large bet, they may be incentivized to offer a house edge
to whoever calls the bet, so that they do not have to wait too long for someone to bet against them. This player decides to prioritize speed over their proportional expected gain.

>who the fucks going to gamble on bitdice
obviously a lot if they are the most profitable crypto gambling platform

>bbbut muh zero profit dice game will make more money!!
kek. theres a shit wave of gambling icos and you got hit by it. sry not sry.

also,

>on a single reputable exchange because
hitbtc dude