Originally posted on 10/18/2018:

Quote Originally Posted by lotuspod View Post
Let me see if I can dissect this jumble of words above...


"I honestly dont have enough knowledge to read a white paper and even have a clue, I dont even know what a node is"

I should probably just stop here, but onwards!


"BUT I do know what gamblers want and need."

Covered earlier, you don't speak for everyone...just speak for yourself. We're talking about a worldwide userbase, so the whole 'average bettor' phrase can be very misleading anyway.


"The betting is completely horrible with horrible odds and a garbage UI, how well do you think BOL or BM or Pinny would do if you had to download the whole internet to bet 10 bucks on the Yankees?"

We've covered odds already, you're really beating a dead horse here with this one. Regarding having to download the whole blockchain, that's only for the QT wallet - which is soon to be replaced and we already have the Android wallet which doesn't require downloading the chain. The main reasons for the QT wallet was to let our existing users have a bit of fun and (most importantly) to test 3 core functions, which have never been done before.

1.) Placing a Bet on the Blockchain. 2.) Processing a Bet on the Blockchain. 3.) Paying out a Bet on the Blockchain.

What has already been done are websites like Nitrogen (and plenty more Ethereum-based sportsbooks in development) which essentially take deposits of coins and/or pay out from a centralized source. But when you boil it all down, those kinds of solutions are really not much different than depositing/withdrawing cash at any of the other established books.


"no deposit or withdraw methods except one, that sucks badly!"

There are multiple exchanges and more are being added, this week for example two new exchanges were announced - one Chinese and the other Korean. It's fast and simple to exchange for btc or other coins, and the user controls the entire process. This includes the exchange rate it is posted at too. Certainly more preferable than paying whatever rate each specific book dictates.


"I dont like the product and personally including you no one has stepped up to say how it benefits the average bettor or any bettor for that matter. is betting not the most important part of it?"

Numerous reasons have already been listed, but it's already been stated that the whole average bettor angle is misleading. Simply put, it's about trying to guarantee some reasonable (and necessary) basic rights for online bettors worldwide through code and consensus. Much in the same spirit of what btc has started, but a more specialized application tailored for bettors.
your patience and professionalism are both admirable. i have read this thread like a book and you have answered all questions posed despite the attacking manner. the concept is interesting and seems to have potential. even being able to raise the 10 million is impressive showing others believe in it's potential as well. i am definitely rooting for you all and have bookmarked some sites to watch progress. please keep us updated here as well.