I looked into the Edgeless business plan and there seems to be no profit in this venture. 0% edge for the house? Okay, then the casino makes no money. If the casino makes no money what is in it for the token holders?
Synero AMP I was going to buy last night but Bittrex was really slow at showing my dollars in the wallet. So, I decided to leave it for today. Looks like a time to buy in. If the same thing happens for Synero what has happened with Steem, we should see a 10x in this year.
Gridcoin has gone up by 100% in the last month. Gridcoin has a use apart from a currency.
0% edge to the house on Edgeless only if the person plays every hand perfectly....which is rare. So, there is some profit for the house. But, I agree....it's super low profit, so why own the coin?
Some people calculated about 1 ETH profit / month for 14000 EDG holdings:
Thats still way more than your average stock dividend :)
Edgeless is 58 cents right now. 58 cents x 14,000 = $4709. I ETH today is around $326. That's a return of about 7%. If that's annual, then run...don't walk away from Edgeless. If 7% is monthly, then it's ok....but please please don't compare a token like Edgeless to the stock market.
Excellent question @leprechaun
It's not a 0% house edge, that is just a marketing gimick. There is a house edge the way I see it, it's just that there are some cases when the edge is 0. There might also be like a commission system, like a fee charged when playing or something like that. But rest assured there is a revenue stream , which is paid out to EDG holders.
Amp is awesome, and very underrated project, I see an easy x10 price increase there. I already made there almost 400% profit, so I don't know why people are criticizing it? But much more profits are on the way in my view.
I don't like Gridcoin, it's one thing that there is a useful project and there is another thing that it doesnt generate revenue.
Same with Namecoin, very useful project, but I just don't see a profit there.
I like the idea of Namecoin, but I agree with you that there is no profit in it. Namecoin is missing something very important: Browser acceptance. There are no browsers that use Namecoin domains natively. That's why domains like xyz.com sell for hundreds of thousands of dollas whereas the xyz.bit isn't likely to fetch you fifty bucks. Lack of good governance.
There are servers you can set your browser to use when bit is used but that's a hack. I open any browser in the world and I can open steemfiles.com. steemfiles.bit? Why bother?
It will eventually come around in my opinion. But I would not invest in it yet. It's on my watchlist though.
Life is full of surprises