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File: 24 KB, 512x512, edgeless.jpg [View same] [iqdb] [saucenao] [google]
3171745 No.3171745 [Reply] [Original]

Anyone have thoughts on Edgeless?
I bought 200 a couple of months ago for £50, ended up getting double my money back (although if I left that money in btc it would have gone up more).

They're only worth $.7 right now, do you see them reaching $10? I might move my bitcoin into it.

>> No.3171797
File: 346 KB, 512x512, funfair_smug.png [View same] [iqdb] [saucenao] [google]
3171797

>>3171745
>he thinks people are going to gamble using EDG when they have to pay gas on each interaction of the dapp, and also wait for each transaction to confirm

Anon, I think you should look into Funfair, its built by a gaming and gambling industry legend (Jez San, helped make starfox for the SNES and operated PKR.com)

Funfair uses state channel-based RNG, which, to the end-user, results in faster and cheaper gambling, because there are less transactions involved, one to open the channel (think a session of play), and one to close it.

heres some info:
>blog.stephantual.com/what-are-state-channels-32a81f7accab
>jeffcoleman.ca/state-channels/
>media.consensys.net/state-channels-ethereum-is-open-for-business-5b7cd4d7506c

BTW FUN just got mentioned on CNBC Africa's "Crypto Trader" show (15 minutes in)

https://www.youtube.com/watch?v=xIEOJ6NK2PQ

>> No.3171813
File: 630 KB, 1309x839, Screenshot_2017-08-22_14-25-34.png [View same] [iqdb] [saucenao] [google]
3171813

>>3171797
screenshot of the coverage

>> No.3171833

>>3171797
>CNBC Africa
Kek.
Nigger!

>> No.3171840

>>3171797
idk, I work for an online gambling company but it's entirely done in fiat.
Doing it with crypto sounds like something that won't catch on in the mainstream for a while, and even then this is a specific platform currency, useless elsewhere and would require a tax to convert to bitcoin/fiat.

I'm only in it for gains (and I've made profit), but I might look into what you mentioned

>> No.3171861
File: 154 KB, 767x783, funfair_popcorn.jpg [View same] [iqdb] [saucenao] [google]
3171861

>>3171833
>implying CNBC Africa isnt based in South Africa and a segment covering cryptocurrency wouldnt primarily target rich white people

>>3171840
but anon, funfair IS providing that very mechanism for gambling with FUN in the background using Fiat. Funfair is targetting the mainstream operators who already deal with fiat, and offering them a platform that's cheaper and faster (no servers for them to run, only smart contracts in the blockchain)

highly suggest you check their whitepaper out, because they are tackling a lot of problems facing online gambling today (transparency and instant payouts).

Another thing to consider is that funfair isnt positioning itself as a casino operator, unlike etheroll and edgless who are trying to open their own casino. This means that its much more regulation friendly, as FUN is more like a development platform for casino operators to license and use.

>> No.3171890

>>3171861
That does seem like a good idea, thanks for the tip. Would prefer one that I can just hold for months anyway without having to daytrade

>> No.3171896

>>3171745
This shit again. No, nobody wants to buy your bags.

>> No.3171902

>>3171861
Do they have a website? Are they promoting?

>> No.3171918

>>3171896
I've already made profit, I bought it cheap and now it's dropping and I didn't get out in time. I was asking whether I should buy more or not.

>> No.3171925
File: 104 KB, 498x841, Screenshot_2017-08-22_18-31-55.png [View same] [iqdb] [saucenao] [google]
3171925

>>3171902
>funfair.io

they havent started their marketing push yet, but i have some info from the main dev, they are targetting asia for their marketing push which is yuge (chinese love to gamble)

>> No.3171952

>>3171925
I might buy a bit but I'm not confident enough to put a lot in.

>every bet there's a transaction fee
Why?

>> No.3172052

>>3171952
transaction fee of FUN

the fee is burned, so FUN is deflationary in nature