Originally Posted by
danshan11
are you saying 1 person cannot be honest? are you saying the owners of pinnacle cant run off with the money? are you saying that the chances of pinnacle folding and stealing my money is higher than the value of wagerr coin dropping to 1 cent essentially worthless?
and contrary to the repeated statement of Fairlay having only one MM, that argument is horrible, there are tons of MMs on fairlay. and if the main MM disappeared there would still be peer to peer markets and business would keep on rolling.
People get paid to create markets and of course MMs make money by beating the line.
I'm not trolling, but exchanges in general are in theory exchanges / in practice more like books due to MM's... individual game pools could be very hit or miss without them...and even with them. This is why some exchanges ban or commission winners out of existence. The other problems are not getting in a hedge or reverse at exchange(of initial bet already made already confirmed somewhere else) because the only/big MM is not seeding that day(so it's a bunch of small individual bets), or cancels bet, or others beat you to the bet.
It's a minefield everywhere. Pinny years ago went through a problem where several seeders left, cratering max bet amounts at times.