BC Casino: We Are Developing a Provably Fair System with each Casino
A Bitcoin casino at the same time home of super heroes rolled into one is the first thing that will flash in your mind upon entering BC Casino. Coin News Asia had the chance to speak with its general manager, Brian to tell us a bit about this power player in the industry.
Coin News Asia: Can you tell us a bit about BC Casino? How long did it take you to launch your Bitcoin casino?
Brian: Back in 2010, we understood that the Blockchain technology could play a big role in future decentralized payment system. Always looking to implement a new payment system into our online gambling solutions to give worldwide players the most convenient way to deposit and withdraw their winnings; we definitely wanted to give bitcoin a try. It took 3 months to implement Bitcoin deposit and another 3 months to test it through and secure it the best possible way.
We enjoyed great help from the community. From white hat hackers helping us to secure our platform, to developers giving us ideas on how to best make use of the Blockchain, and of course, the feedback from our customers on how to keep on improving our service and offering have been advantageous for us.
CNA: Can you share some definite advantages of operating BC Casino?
B: Our platform is proprietary. We have been in business for a very long time (5 years). Our casino was the very first bitcoin only casino to offer all casino games (over 100 games). We always honored every single player withdrawals and payout an average of 96.5% back to players. We have been a very big supporter of the Bitcoin community and keep on investing in various new Bitcoin projects. Except for salaries, we do not convert bitcoins back to fiat. All profit is kept in bitcoins or invested back into Bitcoin projects or donated back to the community.
Deposits and withdrawals are processed fully automatically and almost instantly. We keep on adding new games to keep our large playing base entertain.
CNA: What significant bonuses do you offer your players that are superior to the offerings of other Bitcoin casinos?
B: We offer an ongoing 20% play deposit bonus on all deposits with no wagering requirements nor any game limitations. On top of this, we have a generous cash back program for our VIPs and returning customers.
CNA: What can we expect from BC Casino in the near future?
B: We are developing a provably fair system within each casino game that will give players the absolute assurance that all games are fully random and mathematically fair.
CNA: Have you set sights on the Asian market in particular?
B: We have translated our site to Chinese some years ago, but customers out of Asia have remain quite low.
CNA: I guess this will give some interest now. What do you think Bitcoin needs to become a reliable form of payment?
B: Like with every new technology, what bitcoin needs is simply time. By now, all major issues have been solved. Regulations are in place, the infrastructure has grown, and new venture capital is keeping innovation at a very high level.
CNA: What are your thoughts on online gambling laws?
B: No difference exists with Bitcoin casinos and non-Bitcoin casinos. The law applies to bitcoin as it does to any other payment methods.
CNA: How about a Bitcoin price prediction?
B: In the short term, it should go back to around 500 USD/BTC. In the long term, 10’000 to 100’000 per BTC is realistic if bitcoin is used on a global level. The exchange rate is not important. What is important is that bitcoin is secure and can be used freely in a decentralized manner around the world at almost no cost to the users.
CNA: As a final point, what can you advise Bitcoin newbies out there?
B: Read the info on bitcoin. Use a hybrid wallet like Blockchain.info. Use bitcoin and the Blockchain for the technology and freedom they give and not as an investment vehicle.
Thank you for giving us the opportunity to shares our values with you and your readers!
CNA: Our pleasure; thank you very much, Brian.
Disclaimer: Customers should do their own research before committing to any gambling activity. They are the one to be held liable for infringing the laws of the land they are residing in. Thus, Coin News Asia is not responsible for any losses sustained in willful participation on our featured gaming platforms.