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General Discussion / Re: Cass deserves a second delegate.
« on: February 09, 2015, 08:32:23 pm »
Cass x 2
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This is a really clever use of marketing funds because it'll kickstart the popularity of the pool and people will likely stay with bitUSD once they've tried it.
I thought this was an excellent idea, and I believe the risk/reward ratio is highly in our favor. Bytemaster said that by the end of the year, anyone will be able to do this with smart contracts anyways, so the concerns about potential "regulatory crackdown" for gambling are a moot point. To turn down the opportunity to create some desperately needed utility for bitAssets at this point would be foolish.
As for user adoption, think about how many people play "bingo" instant lottery tickets. Hundreds of thousands? Millions? Imagine if they found out that they could play them online, using real money, to win real money. A lightweight wallet that you could fund and then play? And completely decentralized, so people from every country in the world would be driving the jackpots higher and higher. The upside potential is huge, considering the 80 hours it would take to implement. (bytemaster's estimate).
Without a major fiat portal to support the price of BTS , do you really think BTA can be used by millions of users ?
Until the fully decentralized trading status achieved (tens of thousands of gateways around the world) , we shouldn't be gambling with the only fiat portal at hand , period .
BTA relies on BTS .