Author

Topic: Peer to peer gambling cryptocurrency (Read 382 times)

full member
Activity: 181
Merit: 100
November 19, 2013, 12:31:11 PM
#1
Would it be theoretically possible for a cryptocurrency to have a peer to peer betting system?

Imagine you could add your coins to a "betting pool", stored in the blockchain much like transaction history.  Anyone could then place bets against the betting pool at expected return determined by the amount of coins in the pool vs the amount of coins in existence. I suppose the expectation would be very close to 100%.
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