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Is this vulnerable to a scenario where they have a bunch of coins in escrow and then they run off with them? If, for instance, the betting pools for world cup s
by the_cat_kittles 12y ago
Is this vulnerable to a scenario where they have a bunch of coins in escrow and then they run off with them? If, for instance, the betting pools for world cup start filling up, whats to stop them from doing that?
edit: how in the world is this a dumb question / comment
- fatbat 12y agoWhere did you see about an escrow? Or are you asking hypothetical? Since the site does not address this issue, there is nothing to stop the site from up and leaving with all the coins. With a mixer, they can easily disappear too. There is however a phone number listed here, https://bitbook.ie/contact https://bitbook.ie/contact
- the_cat_kittles 12y agoas I understand it, the bets go to holding pools (presumably controlled by bitbook.ie) until the events outcome is determined, at which point they are dispersed accordingly, maybe I got that wrong
- parallel 12y agoThat's a good question. They may not state it explicitly but all betting sites would have an escrow (or 'wallet') system. The alternative, where if you lose, they send you an invoice for what you owe would be, er, uncommercial.