Re:Do developers think Web3 will build a better internet?
by random-one on Thursday April 28, 2022 @01:30AM
(#31189073)
> First off, you need to be in the same country as most require KYC for your specific location (SSN or NI numbers).
This is probably because social gambling is still illegal in some places and any legitimate company will not want to participate in your illegal activity. But using crypto tech for facilitating illegal things tracks..
Re:Do developers think Web3 will build a better internet?
by Hamuko on Thursday April 28, 2022 @01:13AM
(#31188976)
Is the lack of KYC a feature?
Re:Do developers think Web3 will build a better internet?
by exdsq on Thursday April 28, 2022 @01:18AM
(#31189009)
In terms of small international betting it is, you try find a site that lets you bet between the US and the UK.
Re:Do developers think Web3 will build a better internet?
by Hamuko on Thursday April 28, 2022 @01:20AM
(#31189020)
As far as I can tell, the only useful application for the blockchain seems to be gambling with sanctioned Russian oligarchs without the annoying trip to Russia that you'd need to do without the blockchain.
Doesn't really sound that appealing since I don't think gambling is an useful application of anything, blockchain or not.
Re:Do developers think Web3 will build a better internet?
by exdsq on Thursday April 28, 2022 @01:23AM
(#31189039)
> As far as I can tell, the only useful application for the blockchain seems to be gambling with sanctioned Russian oligarchs without the annoying trip to Russia that you'd need to do without the blockchain.
Come on man, don't strawman discussions or why would I bother continuing to talk to you? If you have decided that you dislike a tech for whatever reason fine, but do something more productive with your time than just chatting crap on the internet.
So for the first part - this isn’t as simple as you suggest. First off, you need to be in the same country as most require KYC for your specific location (SSN or NI numbers). Second, few let you make your own peer-to-peer bets! Third, they tend to have significant fees or minimum deposits etc… regarding your second point layer 2 chains solve that issue and have done for the last year or more, fees are far far lower and sometimes even non-existent.
Also we probably don’t get to pick our own oracles! I don’t know of any site anywhere that does.
In comparison this is a fairly simple DApp to build.