Amid the competition, PrimeDice continues to occupy a significant market size for Bitcoin dice betting. It is undeniably one of the most popular Bitcoin games online, and this can be largely attributed to the betting services it offers, namely the standard off-chain dicing and the more competitive and interactive PVP (Player vs Player) game, and its compatibility with mobile browsers.
I had the opportunity to engage in a conversation with one of the representatives of PrimeDice, and he shared his two cents on Bitcoin gambling, as well as bits of important details about the brand and its plans to improve its offerings.
There are numerous Bitcoin dice sites at present. Was PrimeDice launched ahead of these?
We launched our first version (primedice 1) back in May of 2013. We were met with near instant success in terms of volume but took staggering losses the first week and were unsure if we were going to continue from that point. Things started improving quickly after that for us and we’ve been trending upwards ever since.
Let’s talk about the software it uses. How is it and who made it?
The beauty of Primedice 1, 2 and 3 was that everything was 100% custom built to our specifications. We found it lazy that a lot of casinos at the time were simply copy pasting code over and adding bitcoin acceptance to the mix. We spent 5+ months working on the code/design of each individual iterations with private designers and developers. This level of customization has allowed us to perfectly tailor the experience we as bitcoiners wanted towards the standard bitcoin user.
What are the distinct features of PrimeDice that set it apart from the other brands?
One of the major differences between Primedice and other dice sites at the moment is the PVP option we offer. We allow players to wager an unlimited amount against each other at a zero percent house edge in the PVP room of the chat. Also I feel we have the liveliest community of any other bitcoin gaming site at the moment which is instantly apparent when you join one of our chatrooms.
Another key difference I’ve noted between ourselves and many other brands is that we don’t take ourselves too seriously; we’re just a few long time bitcoin users having a good time.
Since you’re in the business, what are your thoughts on the emergence of Bitcoin casino and gambling sites and of Bitcoin in general?
Bitcoin offers the unprecedented ability to wager your coins online with instant deposits, withdrawals and provably fair systems to keep you safe. Casinos are probably the killer app of bitcoin right now especially for anyone who has experienced playing with an online casino and waiting for their check in the mail. Due to this it is absolutely no surprise to me that both bitcoin and bitcoin gambling sites will quickly continue to grow as we head towards the future.
How significant will cryptocurrency be in our lives in the future?
Bitcoin offers the ability for all of us to finally and truly own our money. Those that use bitcoin properly without the reliance of third party wallet services can truly gain an appreciation for the value and impact of bitcoin.
My prediction is that bitcoin will lose out to other cryptos for small transactions such as buying a pizza but will be heavily used in mergers and acquisitions and treated as digital gold within the next 5-10 years. I fear that regulation will inevitably push the average consumer away from bitcoin and towards services like Stripe/PayPal.
Facing and overcoming challenges are integral for the success of a brand and business. Can you talk more about the hurdles you’ve encountered?
The nature of this business is high risk; we offer users a maximum payout of 40 coins in a single bet. Bets can be placed extremely quickly and variance associated with our minuscule current house edge of .91% can cause us to lose large amounts in short periods of time. We’ve been operating well over a year at this point and are much less worried about this sort of variance at this point.
Another challenge we face is the growing number of scammers and fraudsters in the community currently. Just this week a handful of PD clones have been setup to attempt to phish passwords. We’re doing what we can to prevent this but it is up to our users to stay vigilant and beware of those websites.
You’ve already shown constant improvements for the brand. Tell me; are there any plans to bring it to the next level?
Having built up the strongest reputation in the bitcoin gaming space we have a lot of flexibility in terms of where we could expand to. Right now our focus is building up our newest version of Primedice to the best it could possibly be. There have been discussions amongst our team about expanding beyond dice or even gaming but nothing has been confirmed yet.
Say you’re talking to your potential customers now, what would you tell them?
Unlike most casinos, we (the staff of PD) are highly active within the bitcoin community. We’re open to any and all suggestions and have been doing everything we can to ensure the strongest possible experience for our users from using the best possible provably fair on the new site and offering a solid jackpot, PVP, and affiliate system.
Wonderful. Thank you for your time and all the best with the business!