So I recently came across the Pre-Annoucement thread for Wagerr ICO (
https://bitcointalksearch.org/topic/ann-ico-wgr-wagerr-the-betting-blockchain-bounties-1911583) and it immediately sparked my interest. I participate heavily in the sports better realm, lately through FanDuel and Draft Kings but I have been searching for somewhere that accepted Bitcoin (Legally) for bets. Reading through the announcement thread I think the wagerr (
http://www.wagerr.com) team is really onto something.
Thread and website states its a $400,000,000,000 uptapped market but I am willing to bet it is much higher (poor pun intended
) . I have opted to participate in the signature campaign but I would like to get some thoughts and feedback from other forum members regarding the potential success (or failure) they see with this project. Historically I have not been a huge fan of the ICO process but I think this one could be interesting
What I like...
A system for trustless betting and removal of most traditional third parties.
An "Oracle masternode" system. Like that of DASH, which really interests me.
Solid announcement and roadmap laid out (Still waiting on the whitepaper though)
By all appearances it doesnt seem to be an idea that was just quickly thrown together to launch right away and make some money.
Now for the question.... We all know that Bitcoin/blockchain technologies are getting hot right now but there are still large numbers of people who do not like the idea of the lack of regulation in the systems. I see in the sports betting or really any betting industry, there is some negative connotation with the lack of current traditional regulations as well. Do you think the combination of both blockchain AND a betting system will draw some negative responses from general public and/or regulators?
I have not decided whether or not I will be buying during the ICO yet. What are your thoughts?
EDIT:
The Wagerr White paper has finally been released... we have roughly 17 hours as of posting this update until the ICO launch.
White Paper:
https://wagerr.com/wagerr_whitepaper_v1.pdfEDIT 6.26:
Here is a link to the newsletter that just went out from the Wagerr team about the WAVES Platform.
http://mailchi.mp/2aac22b2b99b/wagerr-issuance-update?e=d9b9a9cd73