3 ms·

Not sure I'd equate online gambling with legitimate (legal) use case. Even still if legal for use in given location (territory) why not leverage credit card or

by weej 9y ago

Not sure I'd equate online gambling with legitimate (legal) use case. Even still if legal for use in given location (territory) why not leverage credit card or paypal? Unless you're doing some illegal (e.g. money laundering), there's no need and zero add for cryptocurrency for gambling. I don't need a distributed ledger with block consensus and wasting power computation to carry out a merchangt transaction.

mhluongo 9y ago
There's a large gray middle, eg adult entertainment, where the service is legal but the payment processors charge ridiculous feeds and are unreliable.
ojr 9y ago
think about poker use a centralized server with closed source code shuffle the deck or use code open for all to see on the ethereum blockchain. Also more fair and transparent for auctions.
- weej 9y ago
  ICO or block chain != open source. Think about a smart contract that has immutable code in it that has a bug regarding shuffling of the deck or misuse/error on financial transfer. There's nothing to think about or do...it's immutable. Once released on ethereum you're out of luck.
  - ojr 9y ago
    it is common practice now to place a function that can self-destruct the contract and start a new one, selfdestruct() is a reserved global function in Solidity, instead of criticizing blindly maybe learn more about writing smart contracts, there are unforeseen flaws in a new open source development platform no surprise there... Think about running an auction and placing bids, I can place a bid and not have the money which can only be resolved in an alley way or a court with us dollars or we can conduct a more open auction and even a blind auction with cryptography on the blockchain, it is also easier for everyone to participant globally without sacrificing the privacy of giving your card information, I don't have anything to hide but would you consider giving a financial company like Equifax your personal information a safe thing?
user5994461 9y ago
Gambling is legal in most countries. Though it's usually only allowed through a dedicated state controlled monopoly. Online gambling sites can take card just fine using the same card processors as other companies.

by weej 9y ago

mhluongo 9y ago

There's a large gray middle, eg adult entertainment, where the service is legal but the payment processors charge ridiculous feeds and are unreliable.

ojr 9y ago

think about poker use a centralized server with closed source code shuffle the deck or use code open for all to see on the ethereum blockchain. Also more fair and transparent for auctions.

weej 9y ago
ICO or block chain != open source. Think about a smart contract that has immutable code in it that has a bug regarding shuffling of the deck or misuse/error on financial transfer. There's nothing to think about or do...it's immutable. Once released on ethereum you're out of luck.
- ojr 9y ago
  it is common practice now to place a function that can self-destruct the contract and start a new one, selfdestruct() is a reserved global function in Solidity, instead of criticizing blindly maybe learn more about writing smart contracts, there are unforeseen flaws in a new open source development platform no surprise there... Think about running an auction and placing bids, I can place a bid and not have the money which can only be resolved in an alley way or a court with us dollars or we can conduct a more open auction and even a blind auction with cryptography on the blockchain, it is also easier for everyone to participant globally without sacrificing the privacy of giving your card information, I don't have anything to hide but would you consider giving a financial company like Equifax your personal information a safe thing?

user5994461 9y ago

Gambling is legal in most countries. Though it's usually only allowed through a dedicated state controlled monopoly. Online gambling sites can take card just fine using the same card processors as other companies.