[ANN][ICO] Ethbet: Peer-to-Peer Ethereum-Based Dicing With No House Edge

[raymankk]

Nice to see licensed blockchain will open it's doors for investors gambling industry is growing rapidly. I always like to invest in gambling casino because being on the house side give us more opportunities to make huge profit so that I will keep eye on this thread.

[1715384594]

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[1715384594]

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[1715384594]

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[visionE2]

i see above, there are some distribution of this token for bounty. when the bounty programs will be launched?? i'm interesting to join it.

[gielbier]

i see above, there are some distribution of this token for bounty. when the bounty programs will be launched?? i'm interesting to join it.

just wait i think irfan_pak will be release bounty program

[EthBet]

Thank you for the interest in a bounty program, we're trying to have one set up by tomorrow.

[EthBet]

Thank you for the interest in a bounty program, we're trying to have one set up by tomorrow.

As an update to this, our bounty program is scheduled to start next Monday, September 11th. Sorry for the delay.

[Wasimalik]

reserving urdu translations.

[gielbier]

Thank you for the interest in a bounty program, we're trying to have one set up by tomorrow.

As an update to this, our bounty program is scheduled to start next Monday, September 11th. Sorry for the delay.

no problem sir,good luck for your project

[gangnam2016]

What is the difference between Edgless? They are also creating a dice game in their platform. How are you planning to overcome gas price diffuculties?

[tazmantasik]

I think you are smart to find ideas, gambling projects are always successful when holding ico 

[EthBet]

What is the difference between Edgless? They are also creating a dice game in their platform. How are you planning to overcome gas price diffuculties?

Thank you for the question. Some differences between Ethbet and other similar projects can be found in https://medium.com/@ethbet/projects-similar-to-ethbet-2546f9a63f7d, I will quote the section on Edgeless below:

Edgeless: Edgelesss claims to offer betting on the Ethereum blockchain with a 0% house edge, however several notable caveats exist, namely:
   

• Edgeless claims their unreleased Blackjack game will have a house edge of 0%, but this only applies if every move and game played by a player is perfect. As a result, they expect the house to profit from this game
  
• Although Edgeless is partially decentralized (exists on the blockchain), it is not peer-to-peer
  
• Edgeless does not support ETH, only their own token, EDG, thus you must purchase EDG first to use their platform
  
• Games such as Blackjack involve large amounts of data stored on the blockchain, and thus the fees paid to execute the involved smart contracts can be high
  
• Edgeless generates random numbers using their own server off of the blockchain
  
• No publicly readable changes to their smart contracts appear to have been made for at least several months
  

Regardless of these drawbacks, Edgeless may be an appealing option for those wishing to play provably-fair games of blackjack on the blockchain in the near future, however we do not consider them a direct competitor for our target audience.


To respond to your question about gas, the primary two mechanisms of improving in this area are 1) moving more things off-chain. We already do this with match-making, and are looking into the potential to do more computation off-chain, such as by implementing state (or 'fate' as Funfair calls their version) channels and 2) allow improvements in the Ethereum ecosystem to help out in this area as various upgrades are made to the platform (PoS, raiden, etc)

[spiderlee]

Any social media bounty?

[EthBet]

Any social media bounty?

Hi, our bounty program is scheduled to start tomorrow.

[BuyingFast]

Wow, this actually seems really smart. Why hasn't anybody thought about doing this until now? So will there be absolutely no middlemans, and no fees for the players except Ethereum fees? Player + contract + Player?

[EthBet]

Wow, this actually seems really smart. Why hasn't anybody thought about doing this until now? So will there be absolutely no middlemans, and no fees for the players except Ethereum fees? Player + contract + Player?

Thank you for your interest. There are some similar projects described in our Medium post linked above. The fees should be less than all other on-blockchain alternatives, but we cannot predict exactly what they will be at this point.

In other news the original poster's infographic on this thread has been updated and no longer contains outdated information.

[BLACKCOIN883]

All potential Ethbet investors should read https://medium.com/@ethbet/changes-to-the-ethbet-token-model-e4eef4923b91 for updates to the token.

> The legal landscape regarding tokens that pay dividends has gotten notably worse over the past few months.

I don't get it, can't such projects just find a jurisdiction which causes fewer problems, and do everything from there?

Or can't they just not care? I believe that was the point of cryptocurrencies, to change the current landscape that gives advantage to those already rich.

[NokasKili]

HI EthBet team,


Could you please provide more detail about roadmap milestones?
Please specify clearly the KPI's targets planned in each phase!

Thank you!

[EthBet]

All potential Ethbet investors should read https://medium.com/@ethbet/changes-to-the-ethbet-token-model-e4eef4923b91 for updates to the token.

> The legal landscape regarding tokens that pay dividends has gotten notably worse over the past few months.

I don't get it, can't such projects just find a jurisdiction which causes fewer problems, and do everything from there?

Or can't they just not care? I believe that was the point of cryptocurrencies, to change the current landscape that gives advantage to those already rich.

An organization like the SEC's job is the protect US residents (investors). They're not concerned with what country the operation is based in. Just like if someone opens up a store that will ship illegal drugs to the US from outside of the country, they would be taken down if it caused enough problems. Unfortunately this anaology works for unregistered securities as well. A good example of this was the btc-e exchange, which operated out of many different countries, none of which were the US. But regardless, they were taken down for not performing proper KYC with their customers.

Although country of operation is important, it still doesn't let you do anything you want to do, so the landscape is going to become more and more regulated regardless of if a few countries are opposed to it.

[BuyingFast]

I like it that they're answering, and the answers make total sense.

[EthBet]

HI EthBet team,


Could you please provide more detail about roadmap milestones?
Please specify clearly the KPI's targets planned in each phase!

Thank you!

Hi, thank you for the question. The roadmap is an approximate roadmap, as we don't know how much funding we will get and we aren't able to completely predict some of the challenges that we may face, it's hard to give specific dates and estimates.

The first and primary goal is for us to release an on-blockchain beta along with a web interface. This would be on the Ethereum test networks, and can be completed anywhere between 1-3 months. After that it will be improved upon until it's suitable to go live, which may take awhile longer. Getting this dicing application functioning on-blockchain is the primary goal, and after that we will look into expanding the features, etc, if possible.

[123ltg]

social media bounty link?