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Topic: [ANN][XBet.IO] - The world's first distributed betting application - escrowed (Read 16222 times)

newbie
Activity: 2
Merit: 0
xbet.io is down, does anyone know what is going on with the website?
sr. member
Activity: 378
Merit: 250
What is the fee split for somebody using your Oracle program to publish and settle bets?
hero member
Activity: 840
Merit: 500
Today's matches:




Place your bets!

wow , this is a bet game?
newbie
Activity: 6
Merit: 0
Great service. However I'm a french player and your website say " It appears that you are located in a country in which we are legally unable to provide services.
If you are using Tor Browser from a country in which the use of this website is allowed, please press the green "New Identity" button and this problem will be solved immediately. "

As Bitcoin is not a currency in France, you may accept us Smiley
member
Activity: 62
Merit: 14
I made some bets on the world cup. It worked very well, and I'm amazed by the potential.

What are your future plans? Personally, I'd be happy to see bets on the bitcoin price, gold price, S&P 500, etc. Binomial bets should be easy to implement, but CFDs would be awesome.

Hi Jpja,

We are happy you had fun betting on XBet.IO, that's what it's all about.

Our short term plans are to add sports types and enhance the user experience.

We have also recently launched a new service allowing BTC holders to bet directly with BTC, by simply sending it to an address dedicated to their bet.

This eliminates the need of buying XCP or opening a Counterwallet account prior to betting and is a major enhancement as it eases the adoption of XCP for first time users.

CFDs and other implementations of the Counterparty protocol are a future task.
member
Activity: 150
Merit: 29
Happy mother of 5 children
I made some bets on the world cup. It worked very well, and I'm amazed by the potential.

What are your future plans? Personally, I'd be happy to see bets on the bitcoin price, gold price, S&P 500, etc. Binomial bets should be easy to implement, but CFDs would be awesome.
member
Activity: 62
Merit: 14
The Captcha just keeps asking for me to input the code. Also, the tutorial crapped out.

Thank you for your feedback.

We are on it.
newbie
Activity: 16
Merit: 0
The Captcha just keeps asking for me to input the code. Also, the tutorial crapped out.
legendary
Activity: 1498
Merit: 1000
member
Activity: 62
Merit: 14
Today's matches:




Place your bets!
newbie
Activity: 48
Merit: 0
xbet.io have made some big additions to their website.

this is their new control panel for users.

really helped me understand what was going on with my bets and it works perfectly with counterwallet.


https://i.imgur.com/5LKllSh.png


and also one for past bets

https://i.imgur.com/xIQ0RJg.png


I am betting on the world cup only with the only truly safe betting application.
member
Activity: 62
Merit: 14
We have enhanced our user interface.

It is now possible to view all of your betting information, past and future, dirctly from XBet.IO.
member
Activity: 62
Merit: 14
Hi everyone,

We have added a support chat on XBet.IO for your convenience.
If you have any question regarding XBet.IO and how to use it, or just want to talk about the world cup and the NBA finals, we welcome you to the XBet.IO chat.
hero member
Activity: 672
Merit: 500
I provided some market for yesterday's matches and won some XCP... Glad to see that the system works flawlessely !
newbie
Activity: 20
Merit: 0
won some sweet coins for Netherlands match.


What an unbelievable goal by Van Persie!!!!
sr. member
Activity: 432
Merit: 250
So you need counterparty coins to bet with?

Yes, you will need XCP. It is easy to buy on:

https://poloniex.com/exchange/btc_xcp
or
https://bter.com/trade/xcp_btc

After you have bought some XCP, create a wallet on:
http://counterwallet.co/

Then withdraw your XCP to Counterwallet and then you're good to go.

You could also buy some XCP on the Dex using counterwallet, if you don't want to use a centralized platform like poloniex or bter. Smiley
hero member
Activity: 700
Merit: 500
If it is decentralized, then why it is running on a website ? Website is centralization. It should work on a P2P model to be decentralized.

The website is mearly a user friendly interface to display the results of matches and coordinate between users' bets to match.

Bets are settled on the blockchain and are placed through users' private wallets, whether using a federated node of Counterwallet or from bitcoin-qt with open source counterparty software on it.

Funds are held in escrow so you do not have the vulnerabilities of traditional centralization.

And in fact, anybody running bitcoind and counterpartyd (both open source) on their own PC can place bets using the Counterparty protocol using the XBet.io feeds.  The web interface for the Counterparty wallet (aka Counterwallet) is open-source as well, and it can be placed on any computer and work just like it does at counterwallet.co.

The Counterparty developers have focused on a web interface first.  It is open-source as well.  https://github.com/CounterpartyXCP/counterwallet

Everything discoverable on the XBet.io website is also discoverable using a user-compiled counterparty installation.

The only thing centralized is the Xbet.io feeds to resolve bets.  If Xbet.io turns rogue, it could upset a bunch of bets.  However, since they are taking a cut of every bet, it is in their long-term interest to maintain a good and honest service Smiley
member
Activity: 62
Merit: 14
If it is decentralized, then why it is running on a website ? Website is centralization. It should work on a P2P model to be decentralized.

The website is mearly a user friendly interface to display the results of matches and coordinate between users' bets to match.

Bets are settled on the blockchain and are placed through users' private wallets, whether using a federated node of Counterwallet or from bitcoin-qt with open source counterparty software on it.

Funds are held in escrow so you do not have the vulnerabilities of traditional centralization.
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