We've been working on a whole
new idea for
Bitcoin Betting and today we want to announce that we are open for BETA!
So what's different about us?Well, we've noticed a couple problems with the way betting websites and services are running these days and we think things can be done better.
Put simply, we offer the worlds only
anonymous,
auditable and fully
automatic Bitcoin Betting Exchange:
https://bitcoin-betting.herokuapp.com/https://i.imgur.com/Eh0doEz.pngSo, what are the problems with the current websites and what do we offer?- Well, firstly, many websites require you to create an account or give personal information (such as an email address) before you can start betting. But that means that the types of games you play and events you bet on can be tracked. What's more, if the website is not secure, or does not run over an encrypted connection (like https), people can so easily track the types of bets that you are placing, or steal your passwords, making you vulnerable! We don't do any of this. Instead bets can be placed anonymously, without ever having to create an account or give us any personal information. What's more we run over https meaning your communication with us is encrypted, so people can't track you.
- Secondly many websites these days require you to deposit and withdraw funds before betting, meaning you have to trust them with your money for much longer, and so there is a greater chance that if something goes wrong, your money could be taken! We don't do this. You only pay when you are placing a bet, and when the event/game is over, your winnings are paid directly into a Bitcoin account of your choosing! No need to deposit or withdraw.
- Thirdly, websites don't give you any way to prove your bets to the rest of the world. If the website acts dishonestly, refuses to pay or scams you, you have no way to verifiably and concretely prove it to the world. Sure, you might have an email from them for your bet or a screenshot, but emails can so easily be forged and screenshots photo-shopped. Meaning if you try to go online and claim that a website scammed you or paid you the wrong amount, people don't know who to believe, maybe you are lying, or maybe the website is lying? What we do is give you a concrete proof of bet before you pay (using provable properties in the Bitcoin Blockchain), meaning that you can verifiably prove your bet! What's more we also embed the result of all bets into the blockchain, so that there is no way we can lie or scam you and get away with it. All bets are 100% verifiable! You can prove it!
- And finally, many websites don't give enough consideration and attention to their security. Even if everything is working fine now, many of these websites are vulnerable to attack, and so private keys and funds might be stolen at any moment. We have designed our website to be secure, and paid close attention to that we store private keys and money. We have implemented an encrypted, decentralized and private key store that has been designed to never expose the private keys. In fact, we are currently working with security teams and hackers right now to make sure our site is solid and safe.
So, what does all this mean?This means you can go online now and start playing around with our website. But there are a couple stipulations:
- We are currently operating in BETA and at the moment are only running on the Bitcoin Testnet (this probably makes you sad,
, we know). But we have decided to do this for several reasons. First we want to figure out what you guys want! What sports should we add, what do you think we should change, what features would you like, what do you think is good, what do you think is bad? We want to hear anything you might think is important! Comment below, send us an email ([email protected]), or catch us on twitter (https://twitter.com/bitcoin_betting). We have decided to open in BETA first because we want to make sure everything is running correctly first. We want to be the best, highest paying, most reliable and safest betting website in the world (big aims, we know ) - The number of sports we offer are low at the moment. But no problem, but tell us what we should add and it'll be there!
- We are also planning on moving our website to a bigger server, to make things faster and better for you, and might even move to a better website address (have any suggestions? )
Challenges for you:- Head on over to our website and start having a play around. Let us know what you think. We'd love to hear from you. What features do you want? What sports should we add? What isn't clear? What new games should provide?
- Maybe you are interested in trying to hack our website? If so, send us an email (we'd love that). But let us know first, we don't want you getting in trouble! Also we will provide you with some hints and tips that might make it easier! There's a reward waiting!
- If you want to know more about how our proofs work, head on over to the site, and click the proof links on the bet pages. If you want to do more reading, check out the "How it Works" page. If none of these help, just contact us and we'll be happy to help!
How do you get started?Well, it's free! First, simply get yourself a Bitcoin Testnet Wallet (there are loads of apps and websites available online), grab some free Test Bitcoin through various faucets online, and head on over to:
https://bitcoin-betting.herokuapp.com/All comments and questions are welcome (it's our first time here, so please, be nice)!
(Also moderators, if we've done anything wrong, please let us know! - we don't want to break the rules!)
Just I think soccer attracts the most bets.
Enjoy! 
