Post
Topic
Board Service Announcements (Altcoins)
Re: iDNA.bet: The 1st Proof-of-Person on-chain betting platform in iDNA
by
redsun114
on 23/01/2023, 15:29:02 UTC
Welcome to the forum, it's nice to see that Idena continues its development now and extending its blockchain to the development of sports betting. But what confused me was that for registration on app.idena.io you need to import your own encrypted, but private key of your wallet, of course you can not use the main wallet, but still it pushed me away, so be careful with this.
Are we sure that this was the old Idena? Maybe it was only a clone and they are only using the name Idena to attract people on their hacking attempt. I don't think a legit project will ask for our sensitive details such as our private keys. It can also be an attempt to destroy the reputation of the old/original Idea but their team can always confirm it here.

Interesting, but I'm not sure I really understand, how do we proof it's a person and not still the company itself or a bot or someone else, and why does this matter? Sorry in advance for stupid question but I read it through and still don't get how this is proof of person and why important.

Also, how is all games settled? Which mechanism, is that also on chain verifiable? You say it asks all members of the network for the result, why? What if same members also make bets?
A KYC can be a good solution for it but they aren't requiring it. Instead, for them to verify that we are a real human we are only required to pass a captcha challenge. About the games, they said it was on-chain betting, so maybe all works in automation like on how on-chain betting sites work on the past. But there must be a way to verify if the games are fair or not.