Just checking the community's sentiment:
What are your views on the value of chips being tied to Bitcoin? Would you rather have it denominated in stable coins, etc., to prevent any losses on the price fluctuations?
Personally, I'm happy to accept the risk and would rather not see SwC moving from being a Bitcoin poker site to just a crypto poker site. But maybe it's just me. What are your thoughts on this?
Even though I personally don't have a problem with it, I think it would also be nice to have the option to choose whether you want your chips to be pegged to Bitcoin's price or have them pegged to a stable coin, like USDT. For example, one USDT should be equal to maybe 100 chips or something, like 1 chips is equal to 1 cent, but I think it's going to create a lot of problems, like then the tables will also have to be different for each chip type, etc.
You mean, running a poker site is definitely profitable? I don't think so. I wasn't just making this up, when I said a friend of mine opened a poker site several years ago. He paid $10k to a guy who developed the back-end. It was a nice poker site. I played there every day with no technical issues whatsoever. He was running free rolls and stuff and there were 20 players on it in its peak, but never more than that. And at one point he decided to sell the site because he didnt expect the business to be profitable in the future.
20 players in its peak? That sounds like a lack of marketing to me. If a platform is good, has no technical problems, has good customer service, etc., then I see no reason for why it wouldn't be profitable if it's marketed well. Your friend should have spent some money on marketing the platform, and should have worked in that area for some time at least, and I'm pretty sure the platform could do good. No business will start making you a lot of money in the initial stage, you will need to only be getting at least the expenses for the business and that's enough.