4 ms·

What cool things?

by Hamuko 5y ago

What cool things?

trainsarebetter 5y ago
Helium has actually re stimulated my interest in the space. if you can come up with a set of proofs for a particular action/solution that you can boot strap a network without the need for a company, that’s huge if actually true.
thawaya3113 5y ago
Or you can just bet on the many apps where this is already legal and you don’t have to code anything or pay gas fees.
- exdsq 5y ago
  Assume you were replying to my comment so will reply! So for the first part - this isn’t as simple as you suggest. First off, you need to be in the same country as most require KYC for your specific location (SSN or NI numbers). Second, few let you make your own peer-to-peer bets! Third, they tend to have significant fees or minimum deposits etc… regarding your second point layer 2 chains solve that issue and have done for the last year or more, fees are far far lower and sometimes even non-existent. Also we probably don’t get to pick our own oracles! I don’t know of any site anywhere that does. In comparison this is a fairly simple DApp to build.
  - Hamuko 5y ago
    Is the lack of KYC a feature?
    - exdsq 5y ago
      In terms of small international betting it is, you try find a site that lets you bet between the US and the UK.
      - Hamuko 5y ago
        As far as I can tell, the only useful application for the blockchain seems to be gambling with sanctioned Russian oligarchs without the annoying trip to Russia that you'd need to do without the blockchain. Doesn't really sound that appealing since I don't think gambling is an useful application of anything, blockchain or not.
        exdsq 5y ago
        > As far as I can tell, the only useful application for the blockchain seems to be gambling with sanctioned Russian oligarchs without the annoying trip to Russia that you'd need to do without the blockchain. Come on man, don't strawman discussions or why would I bother continuing to talk to you? If you have decided that you dislike a tech for whatever reason fine, but do something more productive with your time than just chatting crap on the internet.
  - random-one 5y ago
    > First off, you need to be in the same country as most require KYC for your specific location (SSN or NI numbers). This is probably because social gambling is still illegal in some places and any legitimate company will not want to participate in your illegal activity. But using crypto tech for facilitating illegal things tracks..
exdsq 5y ago
I quite like oracle based betting. Lots of sports/gaming/news apps have public APIs to see the results of something - aggregate them, plug them into a smart contract, and bet a total stranger on the outcome of an event with internet money held in an escrow account paid to the winner. Getting pretty simple to set up nowadays with drag and drop oracle creation a with some cool results, such as betting $10 on a 1v1 CoD game.
- peteforde 5y ago
  Very few human social outcomes are truly improved by adding the ability to gamble.
  - dtagames 5y ago
    It could be argued that gambling is central to human activity. Its ultimate form is the stock market. In essence, everyone gambles every day on many kinds of outcomes, from choosing foods that won't kill us to driving safely, investing in one career and hobby over another, or picking a mating partner.
    - peteforde 5y ago
      It'd be very hard for me to disagree with the spirit of your reply more than I do. Creating opportunities for people to gamble - new casinos, scratch-off tickets, those sad machines you see in bars - all of these are cash generation vehicles that historically have highly negative outcomes for members of the communities they are dropped into. Especially for groups that are already disadvantaged. This isn't academic speculation. As for gambling on every day outcomes - otherwise known as living your life - it's reasonable to say that one of the fundamental measures of progress as a species and a society is our distance from accidentally eating poisoned food, dangerous driving, a lack of opportunity and self-determination, and being forced to accept bad partners. In other words, the more we remove gambling, the better our lives become.
      - dtagames 5y ago

What cool things?

by Hamuko 5y ago

What cool things?

Helium has actually re stimulated my interest in the space. if you can come up with a set of proofs for a particular action/solution that you can boot strap a network without the need for a company, that’s huge if actually true.

thawaya3113 5y ago

Or you can just bet on the many apps where this is already legal and you don’t have to code anything or pay gas fees.

exdsq 5y ago
Assume you were replying to my comment so will reply! So for the first part - this isn’t as simple as you suggest. First off, you need to be in the same country as most require KYC for your specific location (SSN or NI numbers). Second, few let you make your own peer-to-peer bets! Third, they tend to have significant fees or minimum deposits etc… regarding your second point layer 2 chains solve that issue and have done for the last year or more, fees are far far lower and sometimes even non-existent. Also we probably don’t get to pick our own oracles! I don’t know of any site anywhere that does. In comparison this is a fairly simple DApp to build.
- Hamuko 5y ago
  Is the lack of KYC a feature?
  - exdsq 5y ago
    In terms of small international betting it is, you try find a site that lets you bet between the US and the UK.
    - Hamuko 5y ago
      As far as I can tell, the only useful application for the blockchain seems to be gambling with sanctioned Russian oligarchs without the annoying trip to Russia that you'd need to do without the blockchain. Doesn't really sound that appealing since I don't think gambling is an useful application of anything, blockchain or not.
      - exdsq 5y ago
        > As far as I can tell, the only useful application for the blockchain seems to be gambling with sanctioned Russian oligarchs without the annoying trip to Russia that you'd need to do without the blockchain. Come on man, don't strawman discussions or why would I bother continuing to talk to you? If you have decided that you dislike a tech for whatever reason fine, but do something more productive with your time than just chatting crap on the internet.
- random-one 5y ago
  > First off, you need to be in the same country as most require KYC for your specific location (SSN or NI numbers). This is probably because social gambling is still illegal in some places and any legitimate company will not want to participate in your illegal activity. But using crypto tech for facilitating illegal things tracks..

exdsq 5y ago

I quite like oracle based betting. Lots of sports/gaming/news apps have public APIs to see the results of something - aggregate them, plug them into a smart contract, and bet a total stranger on the outcome of an event with internet money held in an escrow account paid to the winner. Getting pretty simple to set up nowadays with drag and drop oracle creation a with some cool results, such as betting $10 on a 1v1 CoD game.

peteforde 5y ago
Very few human social outcomes are truly improved by adding the ability to gamble.
- dtagames 5y ago
  It could be argued that gambling is central to human activity. Its ultimate form is the stock market. In essence, everyone gambles every day on many kinds of outcomes, from choosing foods that won't kill us to driving safely, investing in one career and hobby over another, or picking a mating partner.
  - peteforde 5y ago
    It'd be very hard for me to disagree with the spirit of your reply more than I do. Creating opportunities for people to gamble - new casinos, scratch-off tickets, those sad machines you see in bars - all of these are cash generation vehicles that historically have highly negative outcomes for members of the communities they are dropped into. Especially for groups that are already disadvantaged. This isn't academic speculation. As for gambling on every day outcomes - otherwise known as living your life - it's reasonable to say that one of the fundamental measures of progress as a species and a society is our distance from accidentally eating poisoned food, dangerous driving, a lack of opportunity and self-determination, and being forced to accept bad partners. In other words, the more we remove gambling, the better our lives become.
    - dtagames 5y ago