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/biz/ - Business & Finance

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File: 88 KB, 536x536, funfairpepeandwojak.jpg [View same] [iqdb] [saucenao] [google]
3655401 No.3655401 [Reply] [Original]

If you don't own any FUN just admit that you want to be poor. Any legitimate reasons for not buying FUN will be refuted ITT. Debate me /biz/

>> No.3655406

you know you can own more than one coin at once right

>> No.3655427

I’m confused, is this a BitDice shill bread or a FunFair shill thread? The post says FUN but the picture says both...?

>> No.3655430

shill me FUN

>> No.3655433

Wow looks like you went through a lot of effort to make this meme. Interesting, guy.

I'm down tho. I don't know much about FUN actually, so I'll need you to shill me on it, what exactly is it's value proposition? What makes it increase in value?

I know what the other shitcoins do, most notable BitDice which is a fucking incredible calue rn and the only one that isn't complete garbage. 70% of dividends from a casino that made about 10 mil in profit last year and steadily increasing sounds pretty fucking good to me when the mcap is like 12 million itself.

>> No.3655434

>>3655406
its all in or nothin. gotta gamble big to win big

>> No.3655449

>>3655401
>no pepes please
Go to their telegram. This is a feminist sjw coin and is doomed to fail

>> No.3655463

>>3655433
Dice is a nigger game. Funfair is a disruptive technology that will be licensed to casinos.

>> No.3655478

>>3655430
it's not an online casino, its a gambling platform that casinos can use to tap the fairness of the blockchain. If, and this is a big if, funfair can convice casinos to use their platform (maybe the blockchain hype will be enough), it will moon like a motherfucker.
i have 500k. i think it will work, as at least one Vegas casino will want to get in on the newest and sexiest thing in finance (crypto). from there it will just skyrocket as more people adapt, or it will fizzle out as people aren't interested. you just never know for sure.

>> No.3655506

>>3655478
why in the everloving hell would any casino ever want to use some propiatary blockchain to host their games? And lock themselves into paying for their shitty token til the rest of time?

>> No.3655509
File: 16 KB, 394x373, images-2.jpg [View same] [iqdb] [saucenao] [google]
3655509

>>3655401
>no pepes please

>> No.3655520

>>3655430
>>3655433
bitdice may have a current operation but i think funfair's ceo is the only one with legitimate real world credentials that have significance in both the gaming and gambling industry. the rundown on FUN is as follows
>costs 0 fees to gamble, using ethereum state channels (you only need to send a tx to open and close the channel at the beginning and end of your play session). Compare this to the competition like edgeless/etheroll and there is an immediate savings for the end user in both transaction fees and time
>funfair isnt operating a casino themselves, they are instead licensing their tech to existing online casino operators. this makes regulation a lot easier as they arent targetting end users but are instead business2business (this is important because the ceo has already owned and operated an online poker site, pkr.com before starting funfair) they have a lot of connections in the industry
>to the end user, theres no withdrawal/deposit nonsense where they could potentially lose their funds. because everything is trustless and client side, there is no risk of the operator running off with the funds. many existing online casinos require the user to wait before they can completely cash out

finally, think of the importance that random numbers has in games. the majority of games played today use some form of rng. casinos are just the beginning and obvious use case. the end goal of the funfair platform is for it to be used in any application, even non-gaming

also, the ceo has worked with nintendo to design the 3d graphics chip that was used in starfox for snes. he also made the first 3d game on the gameboy https://en.wikipedia.org/wiki/X_(1992_video_game)

>> No.3655526
File: 75 KB, 233x261, 1504902922616.png [View same] [iqdb] [saucenao] [google]
3655526

>>3655506
1. crypto association
2. provably fair and not rigged
3. its not proprietary
4. its cheap af to load games on an ipad and let people play
5. idk you tell me

>> No.3655531

>>3655506
funfair isnt a blockchain. it uses state channels which is a specific feature of ethereum that allows instantaneous transactions without fees. also the main target is online casinos

>> No.3655540

CEO worked on Starfox, strange but interesting. I have 10k coins.

>> No.3655546

If some casino out there was retarded enough to run their entire game on blockchain, why wouldn't they just make their own damn games? It's really not that hard to code gambling apps, and it's way better than paying for eternity to play on a shitty platform.

Btw no gambler actually gives a shit about decentralization n shit, and there are other ways for a casino to show that it's provably fair than being on blockchain

>> No.3655547

>>3655433
>>3655430
i forgot to mention that they are burning ALL profits for a minimum of 2 years. if it has a positive effect on the price they will continue burning profits indefinitely

>> No.3655549
File: 667 KB, 1400x1600, StarFox.jpg [View same] [iqdb] [saucenao] [google]
3655549

>>3655430

>> No.3655561

>>3655546
can you not see that running your casino on the blockchain would reduce the operating cost of their website by a substantial amount? If they can cut costs and increase profits, why wouldn't they?

and i'm sure a lot of online gamblers have had bad experiences with sites ripping them off or not being honest. if there was a competitor that was completely fair and could not cheat or fuck with their deposit/withdrawals it would be a snowball effect on the industry imo

>> No.3655563
File: 68 KB, 535x535, bDTNixd.jpg [View same] [iqdb] [saucenao] [google]
3655563

Bumping because Fun's only competition is a bunch of nigger tier blockchain games lol

>> No.3655588

>>3655561
How could running on blockchain (which charges transaction fees for fucking everything) possibly reduce costs for an online casino? Please explain that to me.

Also your second statement is rooted in assumption and very incorrect. Successful Gambling sites go through great lengths to prove the fairness of their games

>> No.3655614
File: 70 KB, 243x200, 3mLydMU.png [View same] [iqdb] [saucenao] [google]
3655614

>>3655588
>what are state channels

it's like you've been ignoring the core feature of funfair on purpose. state channels specifically allow any arbitrary amount of transactions WITHOUT FEES because they arent committed to the blockchain until the end of the channel is closed.
>https://blog.stephantual.com/what-are-state-channels-32a81f7accab?gi=7855e2f1cf28

so the user is only paying to OPEN the channel, they can gamble for as long as they want/as many times as they want for free, and then CLOSING the channel

>> No.3655634

>>3655588
https://medium.com/@matthewdif/ethereum-payment-channel-in-50-lines-of-code-a94fad2704bc

>> No.3655635

>>3655588
You realize hosting a server is expensive, right? This eliminates the cost of hosting game servers.

>> No.3655663
File: 25 KB, 494x220, Screenshot_2017-09-28_22-45-52.png [View same] [iqdb] [saucenao] [google]
3655663

Anons ITT should interpret this how they want

>> No.3655681

>>3655663
Cheers m8, trying really hard not to FOMO buy more right now in case we see another dip. But it's really fucking tempting.

>> No.3655692
File: 21 KB, 640x426, 1505921431091.jpg [View same] [iqdb] [saucenao] [google]
3655692

>>3655663
Where did you find this?

>> No.3655720

>>3655692
funfair telegram, earlier today. i run the funfair news network that is messages forwarded from the ceo to filter out the chatter

@funfairtech
@funfairnews

>>3655681
np the korean ICO FUD may bring a dip, possibly over the weekend

>> No.3655729

>>3655526
>2. provably fair and not rigged
And that's the reason they will NEVER use it.

>> No.3655731

>>3655614
Lol like I said, I don't know much about FUN. You're right, that makes it not a complete shitcoin, it seems to actually have some value, I'm assuming from transaction costs of opening/closing those channels and liscensing or something?

I still see two reasons why It might not be a great investment, 1st is that those state channels can be achieved on just ethereum alone, so a casino could just develop their own games for a one time fee and not have to constantly pay funfair for their use.

Second is that the market cap is already at 100 mil, which seems pretty high from a reasonable investors point of view for a currency used by a single gambling platform company. Now I understand that this is crypto, and speculation could always shoot that sky high for no reason, but why wouldn't I just dump my money into CSNO, where even if the price doesnt move I can guarenteed double my money in a year off dividends?

Also, does anyone actually use their platform yet???

>> No.3655759

>>3655731
the state chanels are using ethereum... funfair is an erc20 token and everything is on the eth mainnet. not sure why you think its its own blockchain or something. its key feature is being interoperable with other ethereum stuff (providing fair rng without the use of an external oracle)

theres a large burn of tokens coming up. they are also burning all profits generated by the system for a minimum of 2 years. better than dividends

>> No.3655760

>>3655401
Why would people use their shitty token to gamble over something like ETH, BTC or fiat?

FUN is selling their games to casinos, there's a lot of risk over whether casinos actually want it.

FUN doesn't give dividends and doesn't do buybacks.

FunFair is just a middleman company and you people who own the FUN token are people who own a token of the middleman that is used to gamble on the middle mans online casinos.

I *might* invest in FunFair if I could, but I definitely am not buying FUN tokens.

>> No.3655774
File: 55 KB, 536x699, IMG_20170929_091315.jpg [View same] [iqdb] [saucenao] [google]
3655774

>> No.3655792

>>3655760
FUN is an ethereum smart contract and uses ETHEREUM state channels for gambling sessions. the ceo already has existing experience in the gambling industry (founded PKR.com) and has connections.

FUN is burning all profits for 2 years, which is better than diluting the supply so pajeets can dump on you. i'd rather have the total supply slowly reduced than inflated. dividends are beta

>> No.3655819

>>3655760
funfair isnt operating casinos, and funfair is a PLATFORM for random numbers on ethereum. it goes beyond gambling

>> No.3655829

>>3655760
funfair will also be able to present users with fiat amounts, using funfair in the background for the rng

>> No.3655846

>>3655731
Online gambling industry is something like $40bn. What percent of that is $100mn?

>> No.3655847

Not only do I believe in the FunFair platform, but I'm investing as a thank you for the years of enjoyment I, and I'm sure a lot of you as well, had as kids. Starfox wasn't just a great game, but one of the first 3D games. At a time when almost everything else was done in 2D. Jez can clearly think outside the box. Not investing would be a pretty poor choice.

>> No.3655852

"WHY CAN'T ETH DO IT?"
>implying the whole point of ethereum isnt to provide a world computer to run things like funfair to solve problems like trustless random number generation without a trusted party

>> No.3655854

some of you are ok, sell now like I just did and then wait for that next dip.

>> No.3655873

>>3655854
*tips fedora*
Thank your magic 8 ball for me

>> No.3656525

>>3655401
Why is it dumping?

>> No.3656553

The memes are top tier good sir keep it up

>> No.3656554

>>3656525
You could say that about any coin rn. This thread was made before the korean ico news

>> No.3656568
File: 511 KB, 1872x1872, FUN_your_mother.jpg [View same] [iqdb] [saucenao] [google]
3656568

>>3656553

>> No.3656574
File: 31 KB, 578x382, buhhbuh.png [View same] [iqdb] [saucenao] [google]
3656574

>>3656525
Please refer to the chadlines

>> No.3656590
File: 160 KB, 1280x818, IMG_20170929_002159.jpg [View same] [iqdb] [saucenao] [google]
3656590

>>3656574

>> No.3656653

>>3656590
Kek, saved.

>> No.3657119

>>3656590
nah, just leave it as edgeless virgin vs fun chad

>> No.3657209
File: 8 KB, 185x273, 1495332104177.jpg [View same] [iqdb] [saucenao] [google]
3657209

>no pepes please

yeah, im not touching this shit

>> No.3657227

I'm a poor boi but I have 1200 FUN. Is that enough?

What do you guys think it'll hit realistically? (dream with me)

>> No.3657254

>>3657227
I've heard across a few places anywhere between $0.30 - $1.00 thrown around. Honestly anywhere in that range sounds good to me.

>> No.3657275

>>3657254

walton chinks needs to move somewhere. FUN being on binance means that its a valid target for a pump.

>> No.3657297

good to see the uptrend is unbroken despite the little btc dip

really surprised no one here mentioned the token burn, that's the primary reason for the strong uptrend here imo they could be burning over 60% of the total supply. rebranding soon too.

>> No.3657308

Waiting for this to get binanced and then I might buy the dip