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Guest BlackJack

CasinoCoin vs Funfair ?

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Guest BlackJack

There is no comparison really. 

They are complete different and going after different markets. 

The only thing similar between them, is the word gambling. 

 

There is a lot of difference between the other gaming coin/tokens and CasinoCoin. CasinoCoin is not creating games or creating a platform.

They are a payment solution for gaming operators. 

Funfair wants you to build a separate casino altogether on their blockchain...CSC just says "here's the coin...use it on what you've already built."   

 

More answers as to why it's better:  

 

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Unfortunately, all 'Casino Coins' or gambling tokens are placed in the same category due to many similar projects whom are developing their own platforms.
Even I was guilty of comparing FUN and CSC originally.  CSC is a transaction gateway, not an online platform.

Online gambling is an incredibly competitive space from game development to promotion and marketing.
Rather than compete with industry powerhouses, lets leave platform development to the experts and supplement their product with lightning fast transactions speeds, regulatory endorsement and built in KYC/AML.

 

Edited by en4sa
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Guest BlackJack

More ignorant, than anything. 

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I always think of CSC like Batman's utility belt.  Batman is already a badass, but his utility belt just adds a whole bunch of features that extend his capabilities.  Robin and Batgirl can use the belt too!

FUN is like aqua man.  He could be really powerful if there is ever any danger underneath the waves, but in 99% of all world threatening events, he can't really add much.

Currently the main competitive advantage for FUN (and 99% of all betting coins) is solving the Trust problem.  You can prove their games are fair using only the blockchain. This is pretty sweet.

Sadly, this has already been solved by licensing.  Players who go to an online casino can trust that things are on the up and up if they have been licensed by the regulatory bodies.  So, as a player, there really isn't an advantage to go to a FUN casino vs any existing casino.

Additionally, FUN will need to build out all the other aspects of running a casino: making games, building an operator platform, affiliates, marketing, player management, etc.  Building out those systems to compete with specialized companies who have been in the business for years seems like a losing proposition to me.

And what about licensing?  Getting a Game of Thrones license is expensive!  Most game developers can only do it by spreading that cost among a ton of different operators via an increase in the cost of the game.  But they have those operators already.  How will FUN be able to attract operators without these licensing deals?  They either have to burn capital on a losing license deal, or skip them for now.  

Finally, if I am a player and I have to pay money to gamble via transaction fees, even using fate channels, it is an additional cost.  Given that I will have a worse gaming experience, with less game selections, and no real advantage over a standard casino, then the only real players I will attract are crypto gamblers.  That is a considerably smaller pool than all online gamers.

Now if we look at CSC, it only adds capability.  It given instantaneous transfers, KYC/AML, traceable history, geofencing, and crypto cachet.  Even if FUN adds those, it only brings their substandard offering in all the other aspects up to par with other casinos.

Additionally, with CSC you will be able to go bet at your favorite sports book, play some craps at your favorite online casino, go to your favorite poker room, bet at your fantasy sports site, play slots at your local casino, then some video poker at your favorite bar later, before sending over some CSC to pay back your friend for the last round of drinks.

Until the entire regulatory environment is corrupted, it doesn't seem like much of a comparison/competition to me.

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