Hacker News Reader

>This is why I gave up on credit card processing for my startup casino in 2010 and just went to taking Bitcoin and other crypto.

And how many customers you lost in 2010 because of that? Probably more than 90%. Even now people are reluctant to use crypto but tbh crypto crowd is so big that you can perhaps succeed in opening crypto only business.

View on HN

Yes, about 90%. I would have had maybe the 6th or 7th biggest online casino in the world - let's say that my software was about 5th (somewhere between Galewind and Microgaming) - but I ended up being one which catered only to early adopters of cryptocurrency, who were not necessarily gamblers on roulette or blackjack but had nothing better to do with their coins. It was an interesting experience, and it didn't leave me as wealthy as I could have been if the barriers to entering the larger market hadn't already been negotiated between CC companies and governments. That said, at least I'm not in prison like a lot of people who followed and tried to do what I did.

Reply on news.ycombinator.com