Game Wagering with Bitcoin and USD(koalah.co) |
Game Wagering with Bitcoin and USD(koalah.co) |
Further they require a 90 day waiting period, while they verify there was no fraud, before you can receive any money. They expect to garner enough trust to hold your money for 3 months, but they don't even have an 'About Us' or 'Contact Us' page anywhere.
Further the site seems to be generally incomplete, and would make me think it is therefore insecure. Clicking 'Terms and Agreements' in the footer takes you to a page the header of which contains a 'Logout' link, despite not being logged in.
Personally I very rarely link services. I especially wouldn't feel comfortable linking a gambling service to a social media service.
The bitcointalk thread is here:
https://bitcointalk.org/index.php?topic=890248.0
Would love to get feedback from the community here, especially those interested in bitcoin or Game of Thrones
*edit: To create an account, you need to provide an email address, but you can make up a fake email address if you don't want to leak your identify.
Here's an explanation of how knowledge factors into the odds:
PS: I believe Paypal and Coinbase both forbid gambling websites in their ToS. I suggest you have the code ready to switch to accepting BTC by yourself because you will most likely get your accounts disabled.
http://img3.wikia.nocookie.net/__cb3/universomasseffectrol/e...
https://koalah.s3.amazonaws.com/static/img/desktop-landing-b...
Huge signup friction, virtually no payoff.
Is this even within paypal's terms? I've seen them swing the hammer for less.
https://www.paypal.com/us/webapps/helpcenter/helphub/article...
Is that how this works? It seems to be unflagged now, but still off the front page.
Also now is boring... I don't even know if I lost or won..
Are you saying that it is a scam because you consider anything which has a presale to be a scam? (Or because of part of how the presale was set up, and what guarantees were or were not made at the time? Or because of the magnitude of the presale?) Or do you not believe that they will create what the have stated that they intend to create?(and believe that they have intentionally deceived others in this regard.) Or do you believe that what they create will be insufficiently secure due to network effects, and that that alone makes it a scam?
Or do you mean because of the proof of stake thing, and the nothing at stake problem? (In that case, note that they said that they are starting with proof of work, and I believe they also said that whether they actually do switch to proof of stake depends on what the users decide? I found vitalik's post about "weak subjectivity" to be fairly convincing. There seems to be a good faith belief that it does not contribute significantly to centralization, and as such, even if it is wrong, I don't think I would consider it to be a scam.)
Or some other reason which I have not considered or listed, of course.
