Quote from: danshan11 on Today at 04:21:15 AM

you are beating around the bush

if I place a bet for a zillion dollars and you grade it wrong you keep my money true or false

do you not have access to grade bets on degens?

you make it sound like your funds are completely safe like the whole system is automated and coins are 100% safe without a custodian

degens staff can grade bets any way they want ( I am not saying they do it wrong or steal but the possibility is there)

using apis is what 99% of books do to grade and there are always grading errors via API, most books delay payouts and put holds to overcome this problem

If you place a bet for a zillion dollars and it is graded incorrectly, the counterparty who is not us would receive the funds.

Hence the importance of grading correctly as we have no ability to unwind positions or 'halt' someone's account, since no user even has an account on the Degens.com platform.

And yes, if the multisig $degens traders were to collude and grade incorrectly, this would cause problems the way the system is designed which you've outlined.

To prevent this, in the coming weeks a random sample of anonymous $degens tokens holders will grade each match as well as deposit a large amount of funds into an escrow. This escrow would then be used to pay off the correct participant, and the $degens holders would be monetarily penalized to minimize any incentive to so.

So naturally, bet limits would have to be put in place to match the size of the escrow. Currently the Trump market is $300K

To conclude, great points you've brought up and we will be sure to speak to them in detail as to how we will remedy them in our upcoming Medium article that is coming soon.

Thanks for the great insight!