/biz/ - Business & Finance

>>5344454
Hah what is market cap

>>5344479
282 million

>>5344509
Which means this coin will max at a dollar and everyone will have 100k shares

>>5344530
So no millionaire

>>5344556
Are you new to this?

Market cap of around 5bn to make $1

You know how much casinos will have to buy and hold just to operate. Shits literally a no brainer

>>5344530
But you don't know that. Online gambling industry now is worth $50 bil, with FUN it can blow up even bigger.

Invest 5k now and when it's a $10 coin with a market cap of 50bn bang millionaire.

Also whats the name of the dude in the pic? He's so funny XD

>>5344669
but why would casinos want to buy it though

>>5344675
Thats Pepe i think

>>5344705
God ur a moron

>>5344705
hurr durr why would anyone want to know if an online cryptogambling site isn't rigging the shit out of it behind the scenes

it works out for everyone. It increases transparency which in turn makes online gambling more legitimate.

>>5344670
God you’re dumb

>>5344530
>Which means this coin will max at a dollar
This is not how the market cap works, anon.

>>5344780
No but it’s how buying works and no one is gonna buy this shit coin when the market cap fluctuates

>>5344589
I'm retarded, how is this number figured out?

>>5344454
This is a good hold because of token burning and casinos needing to buy in for 250 mil

>>5344792
The market cap fluctuates with every single purchase and change of supply. This is true for every single cryptocurrency out there.

>>5344766
People have never cared about that. They didn't care when casinos were physical, the don't care when they are digital. Don't get me wrong, I like FUN, but you have to realize that casinos won't want to implement it, and normies don't care. Can it even get legally approved if somebody sets up a competing FUN-based casino?

>>5344818
Take the current circulating supply (4,249,873,622 FUN) and multiply it with the current price to get current market cap, or with any price to get a predicted market cap. A price of $1 per FUN would yield a $4,249,873,622 market cap if the supply stays the same.

>>5344827
You’re a bit of an idiot my man.

>>5344852
Hence the difficulty getting it to even one dollar

>>5344827
>They didn't care when casinos were physical

As an avid gambler, you couldn't be any more fucking wrong.
Do you know how many times I've heard people yell THIS SHIT IS RIGGED! or something along the lines of how shady casinos are and how online casinos are even shadier?

You're a fucking retard. It also does more than just transparent fairness. Maybe before you invest in something you should do research.

>>5344877
>>5344734
You both are retards incapable of argument

>>5344885
I haven't invested in FUN yet, but I really do like the idea and want to get into it still. I'm just sceptical that this won't be as big of a market as most of you think. Most normies have a complete trust in big corporations, and they're kind of right for being so, since the casinos do get audited at times and it's more profitable for them just to remain honest and enjoy the huge rakes

>>5344939
This thing will go much farther than just legitimizing online gambling. The fate channel tech has greater implications. You're not investing in a casino here, my dude. It's almost like if ETH's smart contracts was something completely different.

>>5344981
Welp, thanks for shilling me, I'll have to dig in deeper in that case

>>5344454
Ill be happy with 25 cents in 2 months

>>5344880
>Hence the difficulty getting it to even one dollar
Don't see the difficulty to be honest. We're seeing transactions every day in the Trillions. A market cap of 4,3 Billion is roughly 10% of BTCs current market cap.

>>5345002
Even if this coin is only worth 1$, that's a huge almost GUARANTEED return of 20x...most investors would kill people in the street for that kind of shit.

>>5345013
And we're talking about a 60 billion dollar industry

>>5344852
Answer me this anon,

Prentend I invent a coin called pepe coin. I make 10 of these coins. I keep 1 for myself and sell the other 9 to 9 different friends for $1 each. So market cap is $10. Oneday a normie comes along and wants a pepe coin, but no one wants to sell. Eventually a pepe coin owner decides he will sell his pepe coin if normies pays 10k for it, normie agrees and pays the money. What is the market cap now? 100k? Or $10,009.00?

>>5345025
Right, 5b market cap sounds like a stretch, but on the other hand if online gambling is 50b like anon suggested, it might be possible in due time

>>5345035
The overall gambling industry is a huge industry.

Online gambling is sketch as fuck, so fewer people are interested.

>>5345075
Last sold price multiplied by supply. So with 10 coins and a price of 10k, market cap would be 100k.

>>5344454
Also they just sold 250 million to an investor.... follow the money anons, they didn't invest that much just for fun, someone plans on making lots of money off this coin

>>5345075
Your toy case is irrelevant to literally every cryptocurrency currently traded out there.

>>5345137
See guys you don't actually need $50bn to get a market cap of 50bn

>>5344454

Forgot pic. And online gambling might be sketchy for some, but that doesn't stop people from playing.

>>5345118
I think you're overestimating how smart people really are

>>5345174
I never said that. Not sure what you're getting at.

I bought around 28k BZC, how fucked am I?

How high do you guys expect this thing to go in 2019?

>>5345338
1$+

>>5345338
oh 2019, probably 5+

>>5345338
Between 2 and 5 dollars

Holy shit has no one in this thread read the fucking white paper??
A sizeable chunk of the supply will be burnt in the first 2 years of the release.

>>5345118
Take your american perspective and throw it out the window. Rich western countries and gray area countries are playing online casio like crazy. Your everyday 50+ dog lady plays slots with 20%+ house edge and a 250x Wager bonus on her Phone in her fat ass couch

>>5345690
Your point being...?

>>5345690
>reading whitepapers
Take a look around, kid. You're on /biz/. It's all memes here.

I have only 5K. Should I buy more?

>>5345837
Im thinking about dropping another 500~ on FUN

>>5345696
Then the online market cap is very low

This is why americans with no grasp of online casinos will never understand funfair. All they do is look at it from their shitty cigarette smelling indian casino going there for a free buffet with their lousy wife "just playing for fun knowing we will loose"

Meanwhile in europe and asia, online gaming is played on any device imaginable distributed from casino havens with so many tax loopholes ut their sleeve they literally print money .

Funfair is not US based for god sake, read the whitepaper and youll see whos actually behind this shit. If it wasnt lucrative going forward, these guys would just buy x3 casino licenses with fully operational casino APIs out of the box with just different UIs

>>5344556


20x is totally reasonable here.

Think of all the shitty online gambling outfits that can guarantee themselves to be fair with FUN. It has huge use cases.

>>5345928
Why would casinos and online gambling companies adopt this? Don't understand desu

>>5345980
Because it can guarantee a transparent system so the users can't claim their being fucked by the system.
It's just a good tool to give a shady gambling a clean and trustworthy image which'll increase the userbase over time. And that means more income for the casino. There's literally no reason not to adopt this.

>>5344454
holding through the best of times, holding through the worst, my bro's

>>5346047
aren't casino's designed to extort money from people because the odds are stacked against them?

>>5346047
>Because it can guarantee a transparent system
How so exactly? Sorry for asking like this, I just need spoonfeeding.

>>5346089
Idiot, casinos extort money by nature of the games they offer. The odds are stacked against people because sportsbooks offer correctly priced sports to bet on and if people ARE profitable they are limited.

>>5346056
Right there with ya', my dude.

>>5346047
Depending on how it is adopted, it might also attract audiences and gamblers who dont see fit in putting in fiat transfers with 2.5%+ fee like it is now, and having to go through multiple verification steps. It would also speed up this process where deposits and withdrawals are currently A MARKETING POINT in online casinos i.e "fastest deposits" fastest withdrawals etc.

>>5346089
Yes. There will always be a preset "house keep" that gamblers will have to pay. But that should be it. The gambler has to know in advance how much of his win they have to give to the house. It's not so much about secretly taking a bigger piece of the pie than envisioned.
I can only urge you to take a look at a real casino where they kick you out if you don't show up in a suit. Those have clear and defined rules that everybody knows. Those kind of casinos make a shit ton of cash without screwing their patrons. And this is what FUN can do for online casinos as well.

>>5346131
You can follow every transaction on the blockchain. If someone cheats you out of money, you can follow who it was and break their fingers.

>>5345980

Online gambling companies can guarantee that they're not rigged. How is this not a good use?

>>5346199
>Online gambling companies can guarantee that they're not rigged
how exactly?

how does a currency guarantee the casino plays fair? lol

>>5346089
If u play slots like an old casino hag youll get rekt by house edge, but playing casino table games like baccarat or blackjack the house edge can be sub 1%. Look up baccarat winnings in Macau and see why its the most played game. Gamblers will still make dough while 30-40% of a casinos yearly income, gain or loss might depend on a single game of baccarat.

>>5346224
The blockchain shows the transactions basically.

>>5346224
>>5346245
See >>5346194

>>5346224
>>5346245
Results are not rigged in favor of the house

>>5346245

>still thinks cryptos are currencies only

>>5346224
I'm not sure if that's what FUN does but you could very well write probabilistic events as smart contracts into the blockchain.

Y'all think we're heading in one direction or the other today?
Hasn't changed too much the past day.

Ok ill just say that anyone can start one of these online casinos but in order tp do so they must be solvent. So when every tom dicvk and harry starts buying bulk tokens to fund there games, tokens will be horded something feirce. If you consinder these locked in the way masternodes are then the marketcap isnt really that big because eash casino has to alow for jackpots etc. And all of this will be "provable" because of tbe blockchain tech underlying it

>>5346472
Jackpots are literally POTS, no online casino today is holding an isolated jackpot. 10+ casinos share a pot of X millions of monies, once in a full moon when a jackpot hits on one of these casinos, a fraction of the shared pot is payed out. Jackpots are only for marketing. If some dude wins 20 mil on an online casino - the casino itself does not loose 20mil. Please stop assume landbased casinos in a flyover state has any relevance online

>>5344885
As someone who frequents Mohegan sun, Foxwoods, and Atlantic City, I can tell you I've never heard anyone say "this shit is rigged" - because it's not. Physical casinos are legit and if you think online blackjack, roullete, etc. isn't then you are a fuxking retard. Online gambiling will never ever replace real life gambling.

Inb4 you live in a no casino state

>he's poor and lives in a flyover state

>>5346662
Bitch I lived in atlantic city for 2 years go fuck yourself
You've never sat at a blackjack table and seen people rage and call it bullshit?

also
> Physical casinos are legit and if you think online blackjack, roullete, etc. isn't then you are a fuxking retard. Online gambiling will never ever replace real life gambling.

Are you implying that online casinos are legit?
Because you're definitely a retard then. Online casinos are currently the shadiest way to gamble on the planet.
>Online gambiling will never ever replace real life gambling.

Right, because everyone wants to drive 1+ hours to a casino only to lose their hard earned money instead of doing it on a provably fair website using FUN.

Die in a hole.

>>5346662
Starting off by bringing up a physical casino in USA - any arguement is instantly invalid.

Read up on online gambling globally boy

These lazy fags are just here trying to get convinced on /biz like they have with every coin in their portfolio instead of actually researching good projects and making smart investments then cry when they get called a moron. I'm just gonna stick to quietly killing it. Don't buy fun factors go buy link and ark and req lets compare bank accounts in a year

>>5346606
Fair call, but every funfair casino will have to take a certin amount out of circulation for daily dealings and this will add an extra metric to token value

As a game developer

Does it allow to build, lets say a simple website
www.myawesomeslotgame.com

with no login/password and use funfair api do the job?

Can a user just visit the site and start playing in the next 10 seconds, by juste having a one-click approval from metamask or something?

>>5346830
Yes, but this is currently how online casinos work. They buy a license+support unit+ distributed casino games+ casino API for live games and then basically slap on their own logo and name. Ofc this requires a budget and IT WILL impact the players payout/bonus wagers majorly. Hence "bonus abusers" rather than jackpots are more threating to newly set up stock casinos. These fees would be way lower for a funfair casino, which in return would result in better bonuses

>>5345837
I bought 10k last night and almost sold this morning. This thread made me remember why I bought. Thank god.

>>5347010
I bought it yesterday
$10 EOY 2018
$100 EOY 2019
Let's get a pink lambo in 2020

>>5346301
Yes that’s literally what they’re doing. If there’s any rigging going on the contract is null.

>>5346960
This is an important question

Buying alts at low btc is bad right, so should wait?

>>5347117
It has good support rn at .047 idk, I really want to buy but am waiting it out.

>>5347117
There's nothing wrong with buying alts when BTC is low, as long as they can mantain their satoshi value. So when BTC moons again, alts will follow

>>5347117
Buying a real coin with a real use is never a bad idea. It’s why the weed coins also do so well all the time.

>>5346960
As far as I understood, that is sort of the plan.

>>5347117
it doesnt matter if you're buying with fiat. You're still getting the alt on sale so when btc rises, the alt rises in fiat value.

should I

>>5345118
>>5345180
You guys know there are famous online only poker world champions that take home giant $30 million dollar checks right?

>>5347229
online poker is much different than online slots, online bj, online roulette, etc.

>>5346751
>living in ac

What's it like to be poor?

>he thinks people who think physical casinos are rigged will flock to online casinos

LOL

dubs and ill buy 100k fun

>>5347212
yes you fag that's only like 50 bucks

>>5347274
Ok

>>5347293
500~

>>5347264
>lived
this nigger doesn't even know how to read

>he thinks people won't flock to provably fair and transparent casinos from the comfort of their own home

top kek, people are willing to buy IMAGES OF CATS for REAL MONEY yet you think humans aren't going to want to gamble safely from their homes.

>>5346960
A crypto exchange is 1000x more diverse with 500 currencies and you can certainly open with an email and deposit and trade and withdraw and do all that so why would you think it would be limited to something like a game u fucking dumb ass cunt jesus

>>5346751
>>5347264
Also the casino is all about the experience, being there, drinking, being around people, etc. no one wants to do that shit alone in their house. Do you actually think people go to casinos expecting to win money? lol how old are you?

>>5347293
>50 bucks
That's 400$

>>5346992
Straight up you sound like you know how the online casinos are running atm and i appreciate the honest input but how do you think this will effect a deflationary token like fun.

You buy a license in fun
You buy a support unit in fun
You buy casino games in fun
You buy the api in fun
And the punters are buying FUN
Just keep in mind in this argument fun is also replacing the role of Usd in many of these cases but is also finite and deflationary

>>5347313
>lived
>that changes the fact that he wasn't once dirt poor

I'm willing to bet you're still poor as shit

>>5347348
>Do you actually think people go to casinos expecting to win money? lol how old are you?
People that actually gamble, yes. The hope of making money is why they do it.

You're literally -gambling- against basic human nature. Also, Asia will adopt this at a much higher rate than the US/EU.

>>5344675
I have everything about your post

>>5347348
You know fuck all about gamblers.

t. gambler

online gambling in the states was huge before they banned it.

>>5344454
Sure, once it stops JUSTing like every other coin

>>5347440
Nah I know plenty of retards

Pro tip: you're one of them
>>5347391
Wrong.

>>5347568
You just want all the cheap FUN for yourself

>>5347568
lol okay stay poor you stupid nigger
>pic related it's you

>>5344530
>implying that is not good ROI already

>>5344675
red boi

Did it, got some at 339

Shouldve held for a couple more minutes to buy it cheaper!

IT'S GOING DOWN

Comment if your actually keen to play these online games giving reason to this token. I know i am, fuck it and if my 100k tokens end up being worth 100k usd at launch even fucking better

>>5347843
I am, played their demo was fun

>>5347843
Exactly, I actually want to play their games when they're live on the Ethereum mainnet. Not many other tokens are appealing to me because they don't have the real utility that a token like FUN has

Got in BTC at 12k. Trade BTC for FUN now or wait for BTC to go back up?

>>5348546
A small change in FUN if you have enough could be a huge profit

>>5344454
I believe it may be so, gambling industry is huge. And the market cap of this coin will only keep increasing.

WHY WON'T IT DIP

Holding 52k. Want more, but my exchange has put a hold on new deposits.

>>5344792
god youre dumber than shit

Was thinking about trading 18k FUN for ETH yesterday but the order didn't go through becuase it was just a little too high.

I would have lost some money desu and now I'm glad that I didn't sell.

I don't know it might be a sign that I just need to HODL.

Let's see what 2018 will hold for us FUN believers.

FUCK OFF

I bought 27k at .6

I have no money and no way am I gonna sell.

>>5347615
>he once unironically lived in AC
>is calling others poor

Lmao

>>5344827
Justice, perception of fairness is one of the most universal truths of human psychology. Current casinos work as a "best possible choice given current constraints", not as the ideal.

Some people tolerate a level of unfairness because their desire to gamble is stronger. You go on to make a logical leap from that to 1) current gamblers wouldn't want a fairer solution 2) there is no pool of potential gamblers that would come in the ecosystem should a fairer solution come along. Incredibly wrong assumptions.

I'm barely invested in funfair and have no idea if they will offer that solution. Just calling out retarded logic here.

To think I couldve bought it 33 sats cheaper if I just waited an hour. Sad!
Think itll drop below 300?