1. #316
    eaglesfan371
    The great game of POT...LIMIT...OMAHA
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    So I read one comment on this post. FYI 9/10 new "alt coins" which serve some glorious purpose, wow secure sportsbetting, no scams possible, orrrr poker on an alt blockchain, they never work.

    Its a bunch of "smart" people who create beautiful presentations to get a quick several million to sell at IPO. Then once they get the funds what is their motivation? Face a lot of scrutiny, challenge, hell maybe even legal issues, or just walk away with several million and enjoy time on some exotic beach.

    Hence why alt coins are pretty much all scams or ponzi schemes in my view.
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  2. #317
    danshan11
    I am good at coin flips, I really am!
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    Wagerr is not a ponzi in that sense IMHO but what it is a good high paying ass job for the people that started it and when that ICO funding runs out they will just kind of disappear and be back working in some tech shop in Canada or like you said on the beach with the smoking high salaries earned well the ICO was running, its a ponzi type scheme without the jail time or warrants.

    we came
    we built it
    never stole a penny just earned 7 figure salaries as CEO,CFO, COO and whatever other CXX you can come up with
    now it is not feasible because users dont want to do a big headache coin to coin to coin to cash and backwards to get the funds out, the fee structure is just too high for anyone to use it for betting and our user base has shrunk we paid taxes never kept a cent EXCEPT OUR hard earned salaries and we are closing the doors, The perfect crime!

  3. #318
    danshan11
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    Quote Originally Posted by danshan11 View Post
    ok, lets use your example
    on PInnacle I would have gotten 2.97 on Madrid so I bet 1 dollar and make 1.97 take home spend
    and on wagerr what would i have gotten on Madrid ? 1.88?????

    whats up ?? you did not read this or what? can you answer I am really excited to get started with wagerr if it pays more than pinny!

  4. #319
    lotuspod
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    Quote Originally Posted by danshan11 View Post
    whats up ?? you did not read this or what? can you answer I am really excited to get started with wagerr if it pays more than pinny!
    Because cherry-picking one line is meaningless, especially with odds changing on both networks. Only the major pinny markets are better than WGR by 0.5% (2.5% overround vs 3%). Everywhere else is higher than 3%. Also pinny isn't available globally, so it's not an accurate comparison for many users. Lastly, when h2h betting is released for WGR the scheduled fee on profit (2%) for that would only result in an overround of 1%.

  5. #320
    danshan11
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    cherry picking LMAO, IT WAS YOUR EXAMPLE!

  6. #321
    lotuspod
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    Quote Originally Posted by danshan11 View Post
    cherry picking LMAO, IT WAS YOUR EXAMPLE!
    I stated why I chose it, it was even odds to make the math faster/easier to understand. Maybe cherry-picking wasn't the right term, but was less effort than saying you chose to compare it to pinny and chose a line that most likely wasn't around the same time since it was far higher than 0.5%, 1.97 vs. 1.88

    The fees have been discussed in detail plenty before, I honestly didn't want to respond to you because it's clearly turning less sincere and more into trolling/derailment.

  7. #322
    danshan11
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    wouldnt it be easier to just answer the question?

  8. #323
    danshan11
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    I think your no response kinda seals the wagerr debate

  9. #324
    Bao Jingyan
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    Can someone who has been following Wagerr since the beginning provide a summary?

    It appears to be performing better than most of that initial wave of 2017 ICOs...

  10. #325
    bigtymer56
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    Quote Originally Posted by Bao Jingyan View Post
    Can someone who has been following Wagerr since the beginning provide a summary?

    It appears to be performing better than most of that initial wave of 2017 ICOs...
    Super short summary - They've succeeded in enabling betting on a blockchain. Not decentralized yet. Team runs everything currently. They are currently working on new a wallet that allows them to list more betting events among other things.

  11. #326
    lotuspod
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    Quote Originally Posted by danshan11 View Post
    i think if we knew what most books were doing behind the scenes we would not bet anywhere, fairlay at this moment is as safe as any, now can this change in 1 second OF COURSE
    Quote from the fairlay thread, seems there's a bit of a double-standard going on. Wagerr is one of the very few, if not the only, that transparently (and easily) shows all of the inner workings, balances, and traffic down to each specific bet and payout(using crypto addresses, not personal info).

    You can also view the WGR exchanges before even placing a bet, to get an idea of the expected trade liquidity and estimate any potential likely slippage. Furthermore, you can set your own buy/sell orders to a more favorable exchange rate with some patience...which helps to reduce or nullify earlier fees incurred.

    Lastly, the whole pinny/wgr comparison is nowhere near apples-to-apples which nullifies the whole foundation of the entire argument in the first place. Of the 6% WGR fee compared to Pinny 5%, 3% of the WGR is burned which benefits everyone proportionally and another 2.4% is returned to users running MNs and eventually Oracles. Only 0.6% is currently allocated to the development fund. For an average participating WGR user(running MN(s)), it could be seen like comparing WGR to as low as 0.6% (or possibly lower with more MNs?) to Pinny 5%. It's just value being added indirectly to the community as a whole, instead of to specific individuals.


    Why do you think people are continuing to bet here in larger and larger numbers each month (over 80m WGR total bet so far) if everywhere else was so much better? Nearly every other crypto betting network has lost substantial BTC value and betting volume in this extended bear market, yet this one hasn't...things are obviously being done the right way - even if it may not seem like it to outside observers at certain times.

    None of this includes one of the major end goals of having the betting exchange slowly take over, with its drastically lower fees. However the most important things to note on a macro-level are the incentives in play. Traditional exchanges have little-to-no incentive to push their exchange once it reaches a certain size, they can make more by pushing their higher-fee sportsbook side and charging premiums to exchange users. For WGR, the sportsbook-style betting we have now carries some inflationary risk to the chain. Even with the planned fees for the WGR exchange being much lower, the lack of inflationary risk (since users betting against each other) should give it more than enough long-term incentive over on-chain/sportsbook-style.
    Last edited by lotuspod; 03-11-19 at 08:39 PM.

  12. #327
    danshan11
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    all that is really good information if I could understand it. I bet on sports not ICO's or alt coins. You act like Wagerr coin has not tanked just like bitcoin. the fees for a bettor to use wagerr are higher than Pinnacle and Fairlay and really any other exchange. I have not compared wagerr to dime shops because obviously people betting at dime shops dont even care about the cost.

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