/biz/ - Business & Finance

You have made a massive mistake. Doing this for me would have made you a symbol in the world of intellect and literature. It is so typical for someone like you to forget this. It is so typical for someone like you to use abbreviated words. I was prepared to open your world to my knowledge and share my stories and art, with you. You will forever regret the choice you just made, so I will offer to let you do this project again. If you do not, you will have to face the consequences. /biz/ is dead.

>>55878403
the banana vendor wants in?

>>55878251
why would anyone use this over draftkings??

>>55878509
Burger

>>55878470
Always has been.

>>55878251
go on fren.
It's empty and UI is just meh but look promising and I am working on something that could do some business with you in future. I have bookmarked your site anyway and i have some spare matic to do a bet on mlb

>>55878251
You're going to steal people's money.

Why do you not want KYC?

ITS EASIER TO STEAL FROM PEOPLE YOU DONT KNOW

>>55878733
It's designed to be impossible for anyone to steal funds, tamper with game results, etc. The whole point is fair, free (as in freedom) sports gambling for the world.

>>55878750
Fair, free degeneracy. LFG.

>>55878712
yeah UI/styling isn't my strong suit, but I can make it better over time. my solidity work is top-notch though, the system is bulletproof. thanks for taking a look! It means a lot.

>>55878769
You know you're supposed to buy an ad, right?

>>55878760
I want to bring value to the crypto space and show the world that trust-minimized systems are possible with engineering alone, no govs/orgs needed. I figure porn helped with the adoption of the internet, if some value is brought to the crypto space through my dirty hands then so be it.

>>55878786
that's a good idea, maybe I will. I'm working with referral partners that run illegal sports streaming services, referrals get a 40% cut of their user's bets forever, even if the users come back thru a different domain. (associates wallet with referrer address in smart contract). big sports gambling platforms pay about 40% if rev in ads, this is the same result but without struggle on our end.

>>55878792
Based. Using the guise of philanthropy I shall enrich myself. Beautiful.

>>55878769
yeah bro, im working with react js for frontend and know how hard is styling your content, I am in your telegram if you want to talk about ideas and coding.

>>55878851
haha well I'm not claiming to be a saint or anything, but I will work like a slave to make sure my users have the best experience. It's got some good stuff going for it, for people that use crypto and want to bet on sports, this will become known as the most accessible, most fair, cheapest, highest security, most private option available. I've even designed the platform to be upgradeable and extensible, I want to build make this known as THE BEST option for sports gambling for everyone. That's why the mvp launched with 24 languages fully translated/styled to work properly, even the right-to-left stuff.

>>55878856
thanks man! if you have any particular feedback about something you want changed, pitch away and I'll add it to the todo list.

>>55878750
Well, it's cool you can do such things.

What sports have the biggest bets? Golf?

Target rich people, not poor desperate people. I think KYC is good.

>>55878251
Sports betting is retarded unless you are putting .35c on a 3 way parlay for an 80k payout. If you future a shit team like the Bears as SB chanps right now I'd bet $20 gets you $200, who the FUCK would do that?

>>55878922
>checked
Wow. That's impressive stuff. TWENTY FOUR.
But tell me, have you considered other forms of vice to bolster your coffers? Why stop at a mechanism that transfers wealth from poor and/or stupid gamblers into your slimy grasp when there's a whole world of degeneracy to wrap your tentacles around?
I'm thinking, trustless web3 exchanges between junkies and drug dealers, byzantine fault tolerant meets between trafficked women and billionaires. A booming sector by all accounts.
Seems like you're leaving a lot on the table.

>>55878994
biggest bets in terms of total volume must be futbol/soccer. This is the project's initial launch and I'm sure I'll have to improve some stuff, perhaps I'll add some premier league matches soon.

>>55879030
there are a few markets this might appeal to. there are no limits, so high-net-worth gamblers may choose this solution for cross-border betting, for example. it might appeal to those that have no viable alternative. it might appeal to those that simply don't want to pay taxes or give out their personal information. I agree that asymmetrical payouts are a major incentive, that'll be among the earliest additions.

>>55879108
haha well thanks, I think it's neat, too. Did you know google made a font that has glyphs for nearly every language? that's helpful to minimize the amount of data we send to the clients. the mechanism transfers wealth from the incorrect to the correct, and pays for the infrastructure along the way. I'll apply this concept to loads of other stuff when chainlink functions releases, the external adapters are a pain in the ass.

>>55879253
What's your timeline on transferring wealth to 4chan for the privilege of advertising your "project" here?

>>55879480
as quickly as I can, my friend. I owe /biz/ a debt.

>55879546
Three IP addresses in twelve posts. Not _terrifically_ good at this, are you?
That said, I'm certain your solidity work is first class.

>>55879661
I'm not sure 1 vs 12 ips would make a difference, as a opsint enum would track everything in this thread, but either way I'm on a clean machine on an unused network with the vpn on a killswitch. the entire stack is clean, I think even if the CIA were trying to find me it wouldn't be possible.

>>55878251
how does the datafeed work? can you elaborate on the use of chainlink?
how ruggable is the project?

This looks great OP. So you say we'll be getting airdropped tokens for taking part? I'll keep an eye on it and use it for Premier league games if odds turn up for them over the weekend.

>>55881795
no rugging is possible. I'm embarrassed to say that this mvp launch already had a small error resulting in delayed game results, flagging a game error in the system. the result of this is that all bets have been returned/made eligible for withdraw, and this represents the worst case scenario. A custom chainlink external adapter is configured to collect results from an API provider, and the chainlink network aggregates a number of these queries before passing it to the mintbet smart contract. the mintbet smart contract has additional layers of additional error checking/validation to prevent other types of issues from causing errors such as doubled up games, games with errors/delays, etc.

>>55882919
yeah, I'll add some EPL asap, I should have done that instead of MLB which I know has far less viewership.

>>55881795
I should specify that rugging is not possible for a few reasons; user bets simply have no way to be removed from the system other than user withdraws, so only users with winning bets/returned bets (in the case of error) have the ability to withdraw funds. The rake fee goes into a special pot allocated to the mintbet share holders to withdraw, where the amount you can withdraw is equal to the proportion of shares you own. the token isn't ruggable because I've implemented a lock-up period. 30% of the shares were initially given to the admin wallet, and the remaining shares are distributed linearly over ~2 years. I want to wait until the system is a bit more stable before I offer any kind of token sale, just to ensure I can navigate a major upgrade if needed.

>>55878251
>feeds thru the chainlink network
out of curiosity: are you paying for the data feeds? because looking at the docs, they are completely free to use

This is super dope, anon. I remember seeing FunFair in 2017 and the potential of betting protocols onchain. That was a retard cash grab but it seems you’re approaching this from the right frame of mind and with the right intentions while profiting greatly. Which is entrepreneurial spirit incarnate. I’ll check your tele, thanks for letting us know.

Good fucken work OP, fuck the other jeets in this chat. Proud of you /biz/thren

>>55878251
a) chainlink doesnt offer decentralized sports betting results
b) how do you get the winning probabilities?

>>55878251
I'm a retard who never bets on sports. What's the benefit to using your system instead of barstool sports website or even irl sports betting in Vegas?

Is the value proposition the ability to be crypto instead of dollars?

lmao jannies get mad when you don't buy ads. Wonder who was posting this sort of gay shit but now it all makes sense. Fuck mods and fuck jannies

>>55878251
Bumping for reading later

>>55883486
There are a couple benefits! In many states/countries you cannot bet sports or the kind of betting you can do is severely limited. Since there is no kyc, sports enthusiasts anywhere in the world can bet. Users can bet as much as they want too since we are not a counter party. In other books like Draft Kings, you are betting against the house, so they have to make up for the risk, with higher fees. On our platform, you are betting against other users. This difference means that our fee, 2.5%, is much lower than theirs. It's all on smart contracts so bettors don't have to worry that we will take their money and run.

>>55883473
the chainlink network allows for an extension of the network's data feeds through something called external adapters (and soon, chainlink functions). This allows a cluster of nodes to provide additional, offchain data from multiple oracles, which reach a consensus on the data before returning the result to a smart contract. For now, the external adapters of mintbet are using a single data provider, and we're working on a prototype for querying multiple sport data providers at once to further improve the security of the data feeds.

the probabilities are set by bets, user bets are allocated against each other. for example if the state of bets is 30 matic on team A and 70 matic on team B, then the odds are 30%/70%. payouts are proportional, if you own half of the winning pot, you're entitled to half of the loser's pot. In this example, if you had bet 15 of the 30, you'd win 35.