Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 06/08/2019, 14:52:09 UTC
Personally, I think Obyte team should have plans to expand use cases of Obyte on online casinos. By now, as I know (if I understand correctly) Obyte only provides bet features for personal bets. I do think that if Obyte can get accepted to list on crypto casinos, Obyte, in general, will get lots of benefits (from liquidity, demands, to price movements.). With Obyte fast transaction speed, and does not depend on miners to confirm transactions, I think crypto casinos will like it.

Obyte itself doesn't do bets, 2 persons can make a P2P bet by paring their Obyte wallets or by using a Sports Betting bot in Obyte wallet. Obyte is not between those bets in any other way than just having an oracle that posts sports results to DAG, but anybody could become a sports oracle, which anybody else could use for P2P bets or for their bot, so Obyte being currently also a sports oracle is just to show what is possible, there are some other sport oracles on Obyte, but nothing permanent https://obyte.io/oracles

You get the biggest benefit of using Obyte on some betting platform when you use it's smart-contract capabilities. If you use Obyte just as another payment option on centralized betting platform then it really doesn't make much sense. Any bookie could become a bet maker and provide more liquidity on Sports Betting bot by implementing this API https://github.com/Papabyte/betting-bot-API/blob/master/COMMANDS.md