Cloudbet Talks To Crypto Fireside About How It All Started

Despite this note being in the “What’s New at Cloudbet” section, it’s important for us to think about the future not to forget who we are and where we come from. Cloudbet is driven by a passion to give our players the best Bitcoin betting experience. And we do this by being close to the crypto community and our players, listening to their opinions and ultimately giving you all what you want. ‍

In this conversation with Crypto Fireside, we go back to the beginning and tell you how it all started.

Crypto Fireside: Hello, who are you?

Leandro X: Hello, I’m Leandro. My team and I have built Cloudbet into one of the oldest Bitcoin gambling sites in the world. We operate an online bookmaker and casino just like most other online gambling companies, with one important and undeniable difference: all bets are placed on one of the 30+ valueless coins that we support.

When I say “oldest”, I sound old, but this is just about the relative youth of cryptocurrencies and all related proposals and economic fields. In fact, Cloudbet was officially launched in October 2013, during which we made our first bet. By the way, this bet was made on the Korean football K-League and was for 0, 12 Bitcoin (only $24 at the time)! Like Bitcoin, we have since continued our endless journey, won millions of shares and now have more than 200. 000 registered buyers worldwide.

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CF: What was the background behind Cloudbet becoming prominent?

LX: This situation started with one day in 2012, when we jumped into the rabbit hole of the Bitcoin Internet with our latest curiosity.

Let's go back a little to 2012. We were running a gaming site, but we became more and more interested in Bitcoin. We installed the Bitcoin Core client. At that time, the Bitcoin Core client was your wallet, the application that connected to all the other nodes and supported you in mining. Thanks to him, we could inevitably get to know all the elements of that era, for example. We installed a mining rig on our laptop.

As we deeply into this world, it became clear that this was the greatest achievement of our generation technology and economy. The completely unrealistic way to exchange technical parts, decentralized properties, to p-notch accounting books, information and value and move information were really cool.

The other is the deflation of the asset. The economic part is more interesting than the technical part. Anyway, this is a really cool marriage. I wanted to develop a business around it using bitcoin, a crystal of technology, economy, and human ingenuity. Rather than a game, the aspect of bitcoin and cryptocurrency was strong. Game play made our experience at that time mainly related to games, so game play made. At that time, even if bitcoin was interesting and attractive, it was impossible to do something with bitcoin without any benefits.

In order to understand this, it is necessary to understand the nature of online payments. Online payments usually mean purchasing products using a credit card. Credit cards are arranged, so they are called "withdrawal" payments. When you do the operation, the seller pulls out money from your credit card equal, and Mvia pulls money from your account. In other words, money is essentially extended. If you do a transaction with someone who does not give what you have purchased, you can file a claim or fraud, and the transaction will be canceled. Your defense is that you prevent your opponent from withdrawing this money. In games, this means many fraud issues. Some people said that these payments had not been approved, despite the fact that they were maliciously and miserable, so the funds were blocked and could not be withdrawn from the account. < SPAN> As we go deep into this world, this has revealed that this is the greatest achievement of our generation technology and economy. The completely unrealistic way to exchange technical parts, decentralized properties, to p-notch accounting books, information and value and move information were really cool.

The other is the deflation of the asset. The economic part is more interesting than the technical part. Anyway, this is a really cool marriage. I wanted to develop a business around it using bitcoin, a crystal of technology, economy, and human ingenuity. Rather than a game, the aspect of bitcoin and cryptocurrency was strong. Game play made our experience at that time mainly related to games, so game play made. At that time, even if bitcoin was interesting and attractive, it was impossible to use bitcoin with bitcoin without any benefits.

In order to understand this, it is necessary to understand the nature of online payments. Online payments usually mean purchasing products using a credit card. Credit cards are arranged, so they are called "withdrawal" payments. When you do the operation, the seller pulls out money from your credit card equal, and Mvia pulls money from your account. In other words, money is essentially extended. If you do a transaction with someone who does not give what you have purchased, you can file a claim or fraud, and the transaction will be canceled. Your defense is that you prevent your opponent from withdrawing this money. In games, this means many fraud issues. Some people said that these payments had not been approved, despite the fact that they were maliciously and miserable, so the funds were blocked and could not be withdrawn from the account. As we deeply into this world, it became clear that this was the greatest achievement of our generation technology and economy. The completely unrealistic way to exchange technical parts, decentralized properties, to p-notch accounting books, information and value and move information were really cool.

The other is the deflation of the asset. The economic part is more interesting than the technical part. Anyway, this is a really cool marriage. I wanted to develop a business around it using bitcoin, a crystal of technology, economy, and human ingenuity. Rather than a game, the aspect of bitcoin and cryptocurrency was strong. Game play made our experience at that time mainly related to games, so game play made. At that time, even if bitcoin was interesting and attractive, it was impossible to do something with bitcoin without any benefits.

In order to understand this, it is necessary to understand the nature of online payments. Online payments usually mean purchasing products using a credit card. Credit cards are arranged, so they are called "withdrawal" payments. When you do the operation, the seller pulls out money from your credit card equal, and Mvia pulls money from your account. In other words, money is essentially extended. If you do a transaction with someone who does not give what you have purchased, you can file a claim or fraud, and the transaction will be canceled. Your defense is that you prevent your opponent from withdrawing this money. In games, this means many fraud issues. Some people said that these payments had not been approved, despite the fact that they were maliciously and miserable, so the funds were blocked and could not be withdrawn from the account.

Bitcoin is clearly different. For example, this is a "push" payment. In order to shoot a method from my account, I need to actively translate them, and as a result, I have no possibility to send them back, and those control remain for you. 。 The power balance is slightly shifted. In other words, from the operator's point of view, there is no need to own a business with fraud when paying. This is a great thing, without the need to refund or be similar to it. In this way, many tasks are defined for game operators who receive and send money. Now that they have all the opportunities to create this, you can quickly execute transactions from any space, at a very low cost, at a fairly low cost, at a very low cost. Masu.

CF: Basically, how did you understand how products are required?

LX: There were no advertising surveys or bazaars for funding. At that time, there were several bitcoin site, indicating high gambling.

One of them, Satoshidice. com, bet on the chain and put a simple game in the bot. They had many different addresses of bitcoin KSHTELKI, and each address had a different payment from different victory possibilities. After sending bitcoin to the address, they threw bones for you, and if they won, you received the money. The size of their transactions was published and had the opportunity to see everything on the blockchain. In fact, you set to these addresses and basically all departed from these addresses. At one point, they were the world's largest bitcoin trading, and products did not have the opportunity to occur more frequently.

There was also a website called Anonibet. com. They were making sports rates with bitcoin and the products themselves were very simple, but they were clearly doing specific transactions because they were in the blockchain. In fact, these two websites, especially Satoshi-dice, have achieved great success, but as a result, in our market research, for example, "we can forcibly function. There is a religion that there is a demand for that.

CF: Please tell me about the start of the crowdbet starting process.

LX: The path we chose required a small amount of capital and was made possible by the cooperation of two people. We entered the market and raised funds from a small number of investors. It was just people who believed in what we said in the pub. The team itself was only two people on the day of launch. After launch, we had cash flow very quickly. We passed the breakeven point in a few months. This was pretty clear from the point of view of investment confirmation. Then we put in more money and grew the team, mainly at the expense of engineers. Even now, we work mainly with engineers.

In October 2013, a post was published on Bitcointalk declaring us to be a community. We started accepting customers and started accepting real bets.

The customers appeared quickly. We asked for reviews and built a product that the community clearly needed. We didn't have 100, 000 people from day one, but it was a good, steady tributary from the first announcement we posted on the forum.

The first peak fell during the preparations for the 2014 World Cup. That's when we saw a significant increase in customers. Then in 2017, it boomed again in the form of cryptocurrency-price collecting. Interest in Bitcoin grew, more people were Googling about Bitcoin, more people understood and bought Bitcoin, and more people were able to bet with an asset that still had few useful features.

Cloudbet site screenshot from February 2014, showing the desktop application home page with images of sporting events, videos, and options for registration and entry.

Photo taken in February 2014

CF: What have you been doing since launch to attract and retain customers and users?

LH: From the very beginning, we have been focused on giving customers what they want. It sounds like Marketing 101, but it's true, and if you run a consumer-facing platform and create customer-based technology, you have to live by this mantra. Understand who your customers are and do everything possible to delight them. Whatever the case may be, we try to do this.

Initially, a lot of this feedback was thanks to our interactions with the Bitcointalk community. As we said, we announced our launch on Bitcointalk and used the Cloudbet thread on this forum to get feedback and ideas about what we are doing in practice. Crypto fans are very focused on unifying and have a real "we are against the whole world" mentality, which simply resonates with us. As a result, the association is hungry for development, so it has to be present in Bitcointalk, Reddit, Discord, and wherever buyers and potential buyers are. You have an obligation to interact with them, listen to what they want, and follow in their footsteps to do it.

For example, last year our customers begged for sporting events, and we created a whole new industry for them, which we continue to improve and develop. Earlier this year, we conducted a random survey of nearly 10, 000 of our most frequent shoppers to find out what they want. The answers came back: DOGE, DASH, Litecoin. DOGE, DASH, Litecoin. ‍

CF: What are you currently working on and what do you see for Cloudbet in the future?

LX: This past year has been a milestone year for us, even without minding the fact that space was engulfed in a huge epidemic. We continued to aggressively introduce new features, such as the new field of esports, betting on politicians, coin purchases in space (thanks to the integration of MoonPay) and Cloudbet Arcade (traditional games with provable fairness). In the past year and a half, we have added nine new coins covering the three above.

In December, we launched our Argentine service, and last week (June 4th) we launched our German website. We plan to continue to create new markets and new coins, but we cannot give you details at this time.

As for the casino, we are currently working on a significant expansion and improvement of our casino product with our Customer Compensation project, so that there is no reason to play in other rooms.

Very roughly speaking, for sports: we are developing technology that allows you to make bigger bets than anyone else in the world. We provide a platform for that, so buyers do not have to go elsewhere to get the rate they want. If you want big bets, you can arrange it with us. If you want the best rates, you can get them from us. If you want a niche market, you can rely on us, especially for VIP customers. If you are going to bet big on sports, you need to follow the footsteps we create and not someone else.

CF: Did you start planning and learn something more necessary or useful?

LH: The most hurtful step was that we would not have been able to create otherwise. For example, when a rival appeared, we were very good, very likely, a little aggressive or ruthless in the way they grabbed the globe. We would be led by releasing products much, much earlier, in other languages, in non-ang-speaking markets. In this regard, it is possible to be persuasive. We saw our rivals enter markets where we were not ahead and become practically number one a year later, two years later, not paying attention to not being seen in that light.

CF: Which book, podcast or other source had the greatest impact on your path?

LX: For crypto entrepreneurs, you should start by reading the Bitcoin Whitepaper. It is easy to recite and perfectly written. For example, it is easy to read even for non-brown readers, and in fact, you should definitely read it. Another kind of book - "Mastering Bitcoin" by Andreas Antonopoulos. This is also easy to read, but it is very technical and, for example, you probably won't be able to read it at the same time.

Other books to read: Lean Startup. Mastering the Rockefeller Habits. Everyday Design. The Alliance to Read Hoffman.

CF: What would you actually recommend to developers, businessmen, and creators who want to start or are about to start a business?

LX: Don't follow orders, read. Read anything that really comes to your arm. It's necessary to learn and study a lot more than in this day and age to keep up with what's going on. You need to learn a lot before you rush into work.

Understand human desires Development is curious and fundamental, but it's how people use it that plays the most important role. In those days, we took into account human needs and designed it to form a device for people's engagement and interaction - what they crave. As a result, we got good results. Now, if you're here, think about what people want, what they have every chance to experience emotion, what they themselves feel really relevant to. Gambling is closely tied to human emotions, and in fact, it's impossible to be in business with gambling and not experience these psychological experiences.

Do not start a business that is not passionate. Take a breath every day to check that this is your desire, what is your existence, and what you need. Because it has the power to dominate your whole life. You should have your own relevance to what you do and how it fits the universe and the people who use it.

Go to the lab and work on your own products. Don't be trapped in participating in all events, networks, and cryptocurrency. Take the time to create what you want to do accurately. If you're not an engineer, don't just participate in the event and waste time, but work on product design and interest.

CF: What do you think will be in the cryptocurrency area in the next five to ten years?

LX: Market technology will be more mature and exciting. The excellent features that cryptocurrencies are revealed in comparison with no n-converted banknotes and classical payment methods are currently declining in costs, but we believe that it will begin to appear in a really important way in the future. Thanks to all of these, creative methods that are not dreamed at the moment, such as cryptocurrency, blockchain, cost reduction, practicality and performance, thanks to all of these. You will see similar gambling products. It's a pretty interesting product that attracts players in an unprecedented way.

Now, we have seen new energy and betting offers, monitoring the market, is truly exciting, derivative products are open, and the optional market is increasing. All kinds of products are essential. Exports are one of them. Combining electric gaming and electric betting will help you to be quite interesting, supported by a fairly good technology. I don't know what it will be, but it's definitely a truly outstanding thing.

CF: I would like to know more?

LX: Cloudbet. com meets all the needs of cryptocurrency betting!