Coin News has spoken with Darren Austin to share some insights regarding their lottery platform. Read the first part here.
Coin News: What are the key differences of the experience with Bitcoin casino and a land-based casino?
Darren Austin: In many countries casinos are forbidden, while it is true that the experience of a land-based casino can be seducing (the girls, the booze, etc.) it is all designed to fog your senses and do not let you concentrate in the game, many people do love going to the casino for the whole experience, but a Bitcoin casino offers the gambler things that the land-based cannot as are anonymity, fast games, secure transactions, virtually unlimited game selections, 24/7 availability from everywhere in the world as the most notable.
CNA: What have been the greatest accomplishments or the best times you have had while operating your business since its inception?
DA: I think one key breakthrough was to stumble upon the public true random number generator that changes every 5 minutes, it is completely revolutionary for the gambling industry as provides confidence and easy verification for the user, another breakthrough was to figure out the mathematical model for a fair and fun game that really gets the user to play and have fun and the final one was to figure out how to be generous with the user while still having a fair earning. We still don’t have a lucky winner for the big jackpot of 100 BTC, and when we got that, it will be one key accomplishment too.
CNA: What can you say about online gambling laws and cryptocurrency legality and regulation?
DA: Regulation is only good as long as it complies with two main objectives: To protect users and business fairly and to foster development and healthy competition in the industry. As long as law and regulation comes in those lines I’m sure that everybody in the industry will welcome it, however I think that, ideally, self-regulation and a strict code of conduct must always rule the industry in order to thrive and prosper.
CNA: Do you have a Bitcoin price prediction?
DA: I think that Bitcoin will touch the US$ 1,000 again at some point within the next 365 days.
ALSO READ: Bitcoin Surpass $5,500 Mark, Gaining Momentum in Asia
CNA: And anything more that you wanted to add?
DA: Try bitcoin. Once you do and make your first payment you will see what you were missing, start small at first, look for stores that accept bitcoin. If you like to gamble, there is no better use for a few satoshis , and you can earn big investing small and get a ton of fun while at it.
I find a very interesting coincidence in the fact that bitcoin is dominated by the Asian region and that the Asian people have thousands of years of history, culture, and economy. I don’t think it is a coincidence at all. Wisdom is not free; it comes at the price of time and experience and the rest of the world should pay attention to this fact.
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