I think tons of people get fairlay confused, fairlay is not a sportsbook, fairlay is a peer to peer exchange
This is what you get when you have people just going through threads of services they have never even used themselves,,, just posting and smearing and thinking they are doing everybody favors.
@Degens BTC is able to use smart contracts just not as easily I would say as Ethereum,,, I do not know how to myself. But this is also the other problem with non BTC to me,,, gamblers are chiefly BTC betting people:)
Yes, we tend to target people that are already familiar with the ethereum ecosystem, and don't target BTC betting people as ethereum has a higher learning curve. Most people just want to bet with what they are familiar with, BTC, and not learn a new process which totally makes sense.
Give it a few years, and I suspect most bettors will be betting on non custodial smart contract platforms based on ethereum or a competing blockchain, none of which will require KYC.
are you saying BTC people are dumb? what do you mean higher learning curve
No not at all.
Using Degens has a higher learning curve for BTC dudes, as it requires learning what Metamask is/does. It requires using a DEX such as uniswap to convert ETH to DAI. It requires understanding a Betfair-like interface with back/lays bets. It requires understanding the concept of gas, and why it can be high/low at any given point.
Compare this to telling a person to send BTC to nitrogen.eu and place a bet at a familiar sportsbook interface.
So unless the user was already very familiar with the ethereum space, I'd recommend they use nitrogen or fairlay to be honest due to the high learning curve.
i didnt saw that he said dumb . higher learning curve on eth means there is more to learn on eth than on btc which is i think true , he already explain the rest of the reasons . btc was like a plug and play while in eth, theres a need to setup some settings .
setting up a metamask is mostly avilable for eth . converting eth to dai is like converting your btc to other coins . last is the gas fee for eth , we also have transaction fee on btc . pretty much they are identical to each other except from the metamask and the interface of a gambling site for eth is unusual but if we use those more often we can be faniliar on them too . most people are just foccusing on btc betting sites
Degens also has a big disadvantage over Fairlay. On Degens, for each taker bet, you need to pay a gas cost which could be pennies or dollars. And you must wait for the tx to complete before the trade is completed. Most of our active users have paid $100+ in gas in their lifetimes.
Also if you win a bet, you must also 'claim' your winnings which has another gas cost associated with it.
Also I believe Fairlay has lower costs than the 0.5% commission that Degens trades on winning bets.
So the only people who may consider leaving Fairlay to join Degens are those that don't want their funds in some guy's custody, don't want to do KYC, or who live in countries that are geographically blocked. For 99% of users, I'd suggest they just stick with Fairlay as they have been around forever with zero reported issues and have the lowest fees on the planet if I'm not mistaken.
