that machine is a little overkill .. it could house 5 witness nodes

That's a fraction of a fraction of our infrastructure
Is there a financial incentive for hosting the nodes?
Documentation ?

bumps to this post will receive 5 COPPERTICKET! (max 1 per person)

You are bribing people. Unfair!

https://twitter.com/GamebetGg
https://www.instagram.com/gamebet.gg/

We just went live on Twitter and Instagram. Please follow and share
I'll work on creating a following over the weekend.

Had a very warm welcome both within bitcointalk (unusual?) and gaming communities.
I'll put up the social media pages for the project today - and have an article up on medium.
Sincere gratititude to everyone that's come out and spoke for us at BTC Talk - you guys are the best

Just some stats
We had 500 bets worth close to (on-site token) 6600 USD placed and the house winning has been highly profitable so far.
I am in talks with a number of marketing avenues and will soon be working with them to get the hype up over the weekend.

Regards


Edit : very tempted to jump right into the fee discussion, but I owe it to the company, team and the investors to work on promotions so bam.. following it closely none the less!

Quote from: Xypher on January 26, 2016, 07:55:54 am

Quote from: TravelsAsia on January 22, 2016, 07:40:07 pm

Quote from: Xypher on January 20, 2016, 05:28:33 am

I sure do hope they have their boots ready to kick themselves extra hard
We are slowly rolling out to an early alpha over the week. You will witness the site evolve into a transactional system over the next 4-7 days.

Regards

I recommend creating some simple videos to show-off the project as it starts moving to a transactional system. Something as simple as Camtastia would be awesome.  With this using BitShares, the community should be excited about the progress.

Yes, it is in the works. We'll have a promo video soon.

Quote from: topcandle on January 22, 2016, 07:52:10 pm

Are you exclusively using Bitshares?  Can you direct me to your website?

Given our past (sour) experience with another coin community, we no longer pledge allegiance to any coin particularly. It is just business at the end of the day.
As of now BTS integration serves our purpose (quick tx's) and due to the same it has been implemented. We will also have Bitcoins and in-game items.


In regards to a UIA - we had a very private fund raiser, with private investors whose names won't be revealed.
There will be a token issuance for them. Other than them, we are not looking to raise funds.
I'll be approaching institutional investors in 3-6 months from now to close a deal in regards to gamebet and its entire ecosystem.
That said, in the event that we do find large -scale interest in what we're building, we might open to the markets here.
Personally, (and the team) is apprehensive of public large scale fund raisers (in the tune of 500k+) due to a large number of reasons.
Under the right circumstances, we might consider it.

For now, my key focus is getting the product out asap, marketing it to a point where we do have a large user base and hitting profitability.
Fund raising is something that will keep happening procedurally in the backgrounds as we build our relationships with our investors and attain metrics over time.

Does using bitshares offer you guys any advantage over other coins?  It's great that you are incorporating BTS, but I'm still trying to find a business that uses bitshares as it's backbone.  So far that search has been futile...

Using solely bitshares is a dangerous, risky move. It means our risk exposure is very high in regards to the fluctuations of the value of the currency.
Assuming we are moving 100,000 USD  day - that will drastically affect BTS prices. As of now we are not looking to take that kind of risk with any coin.
By taking the basket approach (bts, btc, items etc)- we are hedging that risk.

Can businesses be built only on BTS ?
Yes. Definitely.

Will I do it ?
Absolutely.   As we move to profitability and further diversify.

It is my pleasure to announce the alpha testing phase of Gamebet.gg, a revolutionary betting platform that combines E-sports, crypto-currencies (Bitcoin/Bitshares), and Steam in-game items.  The person with the maximum number  of game-bet Gold stands win $100 for placing the most accurate bet.

What is Gamebet.gg ?

• An E-sports betting platform
• Bitcoin, Bitshares and Steam in-game items are the depositing vehicles
• The platform is open to users from around the world
• Match winnings are distributed at the end of the match, no hold ups
• Bets may be placed on professional CS:GO, League of Legends, Dota and hearthstone matches
• Users will be able to view live streams of the matches listed on gamebet.gg

What is our Early Alpha Test ?

• Users will be given a total of 660 Gamebet Gold (the platform currency)
• The testing phase will last for one week
• Users may place bets on matches and use their winnings to bet on additional matches
• The individual with the most Gamebet Gold at the end of the testing phase will win 100 dollars worth of Bitcoin

Further information :
http://gamebet.gg/Home/Faq
http://gamebet.gg/Home/Contest

The Gamebet.gg platform consists of two types of currencies, Gamebet Gold (GG) and Steam Silver (SS). Gamebet Gold is backed by user deposits of Bitcoin made to the website and can be instantly withdrawn. Steam Silver is back by user deposits of Steam items.  These two platform currencies are treated as separate currencies and have separate betting pools on each match.  Steam Silver allows users betting with Steam items to receive the exact amount of winnings they are entitled to rather than having to round down due in game item to item betting as found on the CSGO Lounge platform.  Steam Silver may then be used to purchase items off the Gamebet item marketplace which is made up of the items deposited by users.

The alpha testing phase will be used to fine tune the system and ensure the most efficient processes.  We are looking for users interested in testing out a new E-sports betting platform and providing us with helpful information on how to better serve our users when the system goes live.

[/shadow]426#msg274426 date=1453793460]
sorry,it's my misunderstanding,
I thought you are developing a prediction market.

As of now, its an e-sports betting system (at gamebet.gg) - but given the fact that PM's work on binary outcomes(from what I read) and there can only be a WIN or LOSS on bets placed, it is highly possible to integrate the two. That said, depending on the stability, incentives and complexity of the PM here, we may or may not integrate it.