its shaky. the fact that investors doesn't really own the tokens since its inside EOSbet panel not in their personal wallet.
Not true, you can have your tokens in your personal wallet. I have...
How if WAX then become clogged like EOS? What is next? How if EOS then able to solve the problem, do they move back to EOS? Damn, this project sounds like a good idea at first, before the reality hits.
At a glance, WAX looks like just another fork of EOS. << correct me if I'm wrong.
It is not an EOS fork. WAX just like EOS used EOS.IO open source software from Block.one to create their blockchain. So WAX is not a fork from EOS. Also they have not implemented REX like EOS has so this reduces the chances this will happen to EOS, because on WAX you can't rent CPU very very cheap like on EOS. If you want to do the same on WAX, they would have to buy the WAX coins, which will be practically too expensive to do.
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Also they only considered EOS.IO sister chains because they could just use their current code, since it's all based on EOS.IO the move could be done very fast. They also said even though it doesn't look like anything like whats happening on EOS can happen on WAX, they will prepare in case something does happen like this on WAX.
We have to understand blockchain (specially blockchain 3.0) is still a very much young tech so a lot or issues will probably be needed to solve... issues we probably don't even know about yet and will discover as we go a long for the ride. For now I believe WAX has been a good move and looking at the website incoming bets doesn't seem have much of an impact in terms of being an active site.