NewsBTC recently got the opportunity to interview Jason Colby, the lead developer of vDice, the world’s first fully decentralised gambling game. As we dwelled into the conversation, Colby introduced us with many aspects of their new platform. Here are some excerpts from our conversation:
NewsBTC: What motivated the launch of vDice?
Colby: We wanted to launch the world’s 1st fully decentralised gambling game. We’ve done that. vDice is live. It’s processed almost 10,000 bets.
Also, we like showing the power of Ethereum Smart Contracts.
We love Ethereum. I was on the original Ethereum team. I always believed Smart Contracts will change the world.
How vDice works?
It is a fully decentralized gambling game. It is completely decentralized.
It’s only possible because of Ethereum and the Blockchain. There are no servers.
You send a bet to the Smart Contract. The Smart Contract processes the bet. The Smart Contract sends back your win, automatically.
Nobody touches your money. You don’t have to trust anybody with your money. It’s just you and the Smart Contract. We believe this is the future of gambling.
Tell us more about the crowdfunding round?
The crowdfunding (ICO) starts on November 15th. We have received tremendous interest. We sponsored Devcon2 this year, in China. We were blown away by the support for vDice, especially in China. We didn’t realise how many people loved vDice. Everyone kept asking us about an ICO.
There were all these Dapps. They had no product. They were doing an ICO. People wanted kept asking ; when is vDice doing an ICO. They really wanted to be part of vDice.
So we made an ICO that shares the profits of the game directly with the people! It the best technology.
How you plan to use the funds?
It’s all here in our documentation here;
aa) vDice ICO Whitepaper:
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_ICO_Whitepaper_English.pdf
bb). The vDice Business Plan:
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_Business_Plan_English.pdf
cc). The vDice Development Roadmap (Document) :
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_Development_Roadmap.pdf
dd). The vDice Development Roadmap (Visual) :
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_Roadmap.jpg
In summary it will be; development, marketing, compliance and operations.
How would you describe the stability of an Ethereum-based blockchain platform, especially when it has received its share of criticism after the DAO hack?
Ethereum is strong. It is a competitor to Bitcoin.
It’s the only other Billion dollar blockchain. Of course it’s criticized.
When you’re successful you always get criticized. We learned that with our success at vDice.
But Ethereum is strong. Smart Contracts are changing many industries, already.
All the biggest names are using Ethereum. We sponsored Devcon 2. We went there, to China. We saw all the development from Reuters and JP Morgan, etc, etc.