Re: FAIRLAY - The BETTING EXCHANGE - super high liquidity, 0% fees on sports
#1
Maybe enable stats for anonymous users?
example:
https://www.fairlay.com/user/public/your_cashout_address/
https://www.fairlay.com/user/public/your_cashout_address/?category=
without showing them there ("Public profiles") -> https://www.fairlay.com/highscore/
I mean:...only who knows own cashout address, will be able to check stats.
#2
Good idea - we will do it.
I analyzed some addresses and transactions...
0% fee - it is not true. Let's take some bet for example (tennis bets on Fairlay - Winnings: 1 BTC):
https://www.fairlay.com/anonymous/13aHxeXx8M8YqbeshqYPzdquuDnKj9n57y/
mBTC accepted: 200
odds: 1.251
cashout: 249.73
Transaction fee: 0.5 mBTC
https://blockchain.info/tx/489efb1e1f1b182d19cafac6d8506b03dc1aa49098bffda4fa9065c0a2bf9edb
Fee: 0.1 mBTC
so you take 0.4 mBTC every cashout to yourself
sometimes you take 0.5 mBTC, example:
https://www.fairlay.com/anonymous/1UZVZeu2ygCxzsEmzbWYAaJB8ecjNdtCJ/
mBTC accepted: 1,000.00
odds: 1.143
We both know that 0.1 mBTC and 0.5 mBTC is the same speed (usually be in the next block). You wrote 0.5 mBTC per transaction only because you want take 0.4 to your pocket and now you tell people that there is 0% fee on sports.
https://www.fairlay.com/anonymous/19BkX2C9AWKjrdLvy7pQeMmDYM69PDghtt/
https://blockchain.info/tx/155763445e2e48c69ee64c85f15f6f453792849a5d5ffe061d42c9a633ebcf8e
300.00 * 1.383 - 0.1(fee) = 414.80 not 414.40
conclusion: there is no 0% fees in the whole sport & fun section because there is hidden extra charge (0.4 mBTC fee on every cashout) which does not mention anywhere. If you have 10000 cashouts per month you take 4BTC to yourself (transparently). Better to tell people the truth that there are additional charges than pull the wool over their eyes that there is no fees at all.
Maybe enable stats for anonymous users?
example:
https://www.fairlay.com/user/public/your_cashout_address/
https://www.fairlay.com/user/public/your_cashout_address/?category=
without showing them there ("Public profiles") -> https://www.fairlay.com/highscore/
I mean:...only who knows own cashout address, will be able to check stats.
#2
Good idea - we will do it.
...we like to point out, that we currently offer 0% fees in the whole sport & fun section. We will add these infos to the website soon.
I analyzed some addresses and transactions...
0% fee - it is not true. Let's take some bet for example (tennis bets on Fairlay - Winnings: 1 BTC):
https://www.fairlay.com/anonymous/13aHxeXx8M8YqbeshqYPzdquuDnKj9n57y/
mBTC accepted: 200
odds: 1.251
cashout: 249.73
Transaction fee: 0.5 mBTC
https://blockchain.info/tx/489efb1e1f1b182d19cafac6d8506b03dc1aa49098bffda4fa9065c0a2bf9edb
Fee: 0.1 mBTC
so you take 0.4 mBTC every cashout to yourself
sometimes you take 0.5 mBTC, example:
https://www.fairlay.com/anonymous/1UZVZeu2ygCxzsEmzbWYAaJB8ecjNdtCJ/
mBTC accepted: 1,000.00
odds: 1.143
If you put 0.1mBTC as a fee the transaction will usually be in the next block.
We both know that 0.1 mBTC and 0.5 mBTC is the same speed (usually be in the next block). You wrote 0.5 mBTC per transaction only because you want take 0.4 to your pocket and now you tell people that there is 0% fee on sports.
https://www.fairlay.com/anonymous/19BkX2C9AWKjrdLvy7pQeMmDYM69PDghtt/
https://blockchain.info/tx/155763445e2e48c69ee64c85f15f6f453792849a5d5ffe061d42c9a633ebcf8e
300.00 * 1.383 - 0.1(fee) = 414.80 not 414.40
conclusion: there is no 0% fees in the whole sport & fun section because there is hidden extra charge (0.4 mBTC fee on every cashout) which does not mention anywhere. If you have 10000 cashouts per month you take 4BTC to yourself (transparently). Better to tell people the truth that there are additional charges than pull the wool over their eyes that there is no fees at all.
Well - indeed we take a 0.5mBTC flat fee for transactions for the anonymous bets - but we DO mention it. The reasons we take a flat 0.5mBTC is because we can't know in advance how big the fee will be with floating transactions fees. So we decided the best way would be to set it a little bit higher. Also: registered user currently do not pay ANY transaction fees.
Regarding the cashout speed: We aim to be back to instant (less than 5min) as it used to be in the past month. Together with the latest "stress-test" of the Bitcoin network we are currently changing the cash out process to floating transaction fees and a better check for double spendings. So currently we have to do most transactions manually and this takes obviously more time.