3 ms·
Pointless to do for short events with small bets. You just kill the golden goose. Why not just a biz and accumulate ongoing revenue? Anyways, deposit risk is
by blazespin 12y ago
Pointless to do for short events with small bets. You just kill the golden goose. Why not just a biz and accumulate ongoing revenue? Anyways, deposit risk is low. Sports games last just a few hours.
- kylebrown 12y agoSome of the bets are not just single games, but the outcome of a whole tournament. And ongoing revenue is only 1%, which relative to the other 99%, won't be so enticing after customer growth has peaked. Eventually, the reward from a "retirement attack" becomes very enticing to an anonymous biz operator (and easily blamed on an admin account compromise). Its quite dishonest to claim that "money cannot be stolen or seized by anyone" just because the bets/order books are decentralized. The outcome admin/judging is still centralized. Whoever controls the judging, effectively controls the funds.
- VMG 12y agoThe judge must not necessarily be one person, OP_CHECKMULTISIG allows setting the requirement to m of n parties which would have to conspire.