Post
Topic
Board Gambling
Re: FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds
by
Degens
on 19/11/2020, 22:20:24 UTC
I guess I do not really think that the learning curve is that big but I still rather play at fairlay because I trust them more?

I know that dex and dapp and so forth type of decentralized gambling needs to be decentralized which is why there is no trust required at all but I do not trust the code of it, that is the problem, normally if the code is perfect without a problem there should be no need for me to trust anyone and can just gamble there, but I feel like there has been too many hacked or scammed or whatever defi projects so I do not think that degens could be perfect neither, and I am trying to be more careful about it. Whereas I know fairlay and I know nitrogen and I know other places like that, so I just gamble there and I feel a lot more at ease with myself gambling here.

Decentralized sports betting exchanges tend to have a lengthy audit of their smart contract which costs $20,000+ - Here is Degens' audit
 https://certificate.quantstamp.com/full/degens

Also note that all source code for Degens is 100% open source and readable by all - https://github.com/degensprotocol

That said, I also agree that Fairlay is very safe due to the fact that they've been in operation for so many years, and them stealing funds would be incredibly shortsighted compared to the long term value of their business.