Topic: eth tokens voting rights / ownership for betting club (Read 243 times)
Seems to be the wrong forum for this kind of question?
I have an betting club with around 30 members and have the idea that everybody will own the club and is able to have voting rights f.ex about which new bets should be made or if a new member is allowed to join and decide about the profit the club distributes to all token owners, etc.
I do not understand how the smart contracts could work in regard to ownership control of tokens and voting rights. How smart contracts are connected to things that happen in the real world? E.g. as above, placing a new bet and why should it be binding anyway?
And how is a vote even started in eth? Let's say, we want to place bet X and everybody needs to decide. Normally, it takes like days to get a good majority vote and is really difficult sometimes.
How it can be made sure that I, the initial owner can protect the club from bad ideas (e.g. "lets close the club") or giving 51% to another member? Example: If 15 members decide to sell their tokens to 1 member, he would control 51% and thus the club's decisions.
And as I control the logins to betting sites, how do I distribute funds back to the owner of tokens and how he owns this right? Now, I send 60% wire transfers, paypal and some bitcoins (yes, it is an offline club at the moment).
I do not understand how the smart contracts could work in regard to ownership control of tokens and voting rights. How smart contracts are connected to things that happen in the real world? E.g. as above, placing a new bet and why should it be binding anyway?
And how is a vote even started in eth? Let's say, we want to place bet X and everybody needs to decide. Normally, it takes like days to get a good majority vote and is really difficult sometimes.
How it can be made sure that I, the initial owner can protect the club from bad ideas (e.g. "lets close the club") or giving 51% to another member? Example: If 15 members decide to sell their tokens to 1 member, he would control 51% and thus the club's decisions.
And as I control the logins to betting sites, how do I distribute funds back to the owner of tokens and how he owns this right? Now, I send 60% wire transfers, paypal and some bitcoins (yes, it is an offline club at the moment).
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