Not sure this is really decentralized though, not that I quite care at the moment. Everything I have invested into gambling is sort of centralized anyway.
Looks good by the way, just waiting to try other non-slot games in non-test mode.
Decentralization is a buzz word in crypto. Each crypto has varying levels of decentralization based off of what is necessary. Bitcoin is likely the most decentralized because it had no pre-mine, no founder tokens set aside, etc. Most cryptos are beholden to the developers/programmers anyway, so how truly decentralized are they really? It is the consensus mechanism that aims to be decentralized. But let us review a few of the gambling tokens and do a comparison (chart attached at the bottom).
WGR will be a sports betting platform that isn't using Ethereum, but is using a fork of the PIVX blockchain. They have created oracle masternodes. For what purpose? To decentralize the sporting event outcomes. Each oracle will scrape scores, outcomes, etc from varying sources and the network will reach consensus on each sporting event based on a percentage of oracles agreeing with a certain outcome. This is a lot of work, for a questionable amount of payoff. How many sporting outcomes are really being contested? If a company simply uses standard Las Vegas sporting outcomes, they will be in line with 99.99% of all other outcomes. Creating their own blockchain and oracle masternodes has a lot of hidden downsides though. It creates additional work, downtime, wallet creation, etc.
Projects like DBET, FUN & EDG all run on the Ethereum Virtual Machine (EVM). They do not run their own blockchains, and save that work for the big dogs like Vitalik. This frees up their time to develop their platforms, market their products, etc. DBET is the only one of these three that will have a sportsbook in 2018. The question becomes how decentralized are each of these? From a token/ownership perspective, DBET is the most decentralized holding the least amount of tokens for the founders/advisors. But that isn't the most important feature. If you listen to the DBET CEO & founder Jedidiah Taylor in many of his videos, the most important aspect of decentralization to him is casino ownership. Understanding that "the house always wins" and that only the rich can create/own/operate a casino, his desire was to allow for an opportunity for the common man to be a part owner of a profitable casino. 100% of the profits of the casino are distributed to the DBET token holders who "lock-up" their tokens in the house each quarter. The true decentralization is in the ownership & profits.
Many other cryptos have founders/owners dump the token/coin on their community (Litecoin?) after the value increases. But if the founders sell off their DBETs, they no longer receive a portion of the profits from their own casino. Everyone is incentivized to either hold in the house, or gamble with the token in the casino. There is no other token economic structure like this anywhere else in cyrpto that 1) has a revenue generating income stream, and 2) gives 100% of the profits back to the holders of the token.
Here is a chart comparing the features of: DBET, FUN, WGR & EDG
https://www.reddit.com/r/CryptoCurrency/comments/8icx2u/decentbet_mainnet_release_imminent_any_day_now/
