Game Wagering with Bitcoin and USD
koalah.co
Game Wagering with Bitcoin and USD
1–10 of 37 posts
Re: Game Wagering with Bitcoin and USD
#2Why would they only allow facebook and g+ accounts to sign up?
Maybe I am missing a link somewhere that allows normal sign up process...
Personally I very rarely link services. I especially wouldn't feel comfortable linking a gambling service to a social media service.
Re: Game Wagering with Bitcoin and USD
#3They want me to sign in with FB or Google, tying my BTC activity with my real identity. This is assuming they actually do support BTC, I couldn't find anything about BTC support on their website.
Further they require a 90 day waiting period, while they verify there was no fraud, before you can receive any money. They expect to garner enough trust to hold your money for 3 months, but they don't even have an 'About Us' or 'Contact Us' page anywhere.
Further the site seems to be generally incomplete, and would make me think it is therefore insecure. Clicking 'Terms and Agreements' in the footer takes you to a page the header of which contains a 'Logout' link, despite not being logged in.
Re: Game Wagering with Bitcoin and USD
#4Conceptually interesting, but I agree with other commenters that tying a public login to an anonymous currency via an unvetted 3rd party that holds it for 3 months sounds more like a bad joke than any kind of real service.
Huge signup friction, virtually no payoff.
Is this even within paypal's terms? I've seen them swing the hammer for less.
Re: Game Wagering with Bitcoin and USD
#5I say don't give too much thought to people complaining about the non-anonymous login, these are not the users you should be marketing to and they are not the users Bitcoin needs right now. Bitcoin is anonymous/pseudonymous but it doesn't mean every service built on it has to be.
PS: I believe Paypal and Coinbase both forbid gambling websites in their ToS. I suggest you have the code ready to switch to accepting BTC by yourself because you will most likely get your accounts disabled.
Re: Game Wagering with Bitcoin and USD
#6Why would they only allow facebook and g+ accounts to sign up? Maybe I am missing a link somewhere that allows normal sign up process... Personally I very rarely link services. I especially wouldn't feel comfortable linking a gambling service to a social media service.
We have used facebook and g+ accounts to sign up to drive a social gaming environment! I understand your concerns and we will be adding a normal sign up process in these next two days. We are considered games of skill opposed to gambling. Players are wagering on their own skill. To give a comparison: take the NYC Marathon. A runner will pay money to run and if he wins he receives prize money. He is placing a bet on himself.
Re: Game Wagering with Bitcoin and USD
#7Conceptually interesting, but I agree with other commenters that tying a public login to an anonymous currency via an unvetted 3rd party that holds it for 3 months sounds more like a bad joke than any kind of real service. Huge signup friction, virtually no payoff. Is this even within paypal's terms? I've seen them swing the hammer for less.
Hey Rick, Thanks for checking us out, and we added in the public login to drive a social gaming environment. We will rarely hold money for as long as three months, it is in case we have an account be of concern based on our security protocol. We will be publishing this security protocol in a white paper as well as adding in standard login. Skilled gaming is also allowed by PayPal and Coinbase, while gambling is not. Feel free to email me at sagar@koalah.co if you have any questions.
Re: Game Wagering with Bitcoin and USD
#8They want me to sign in with FB or Google, tying my BTC activity with my real identity. This is assuming they actually do support BTC, I couldn't find anything about BTC support on their website. Further they require a 90 day waiting period, while they verify there was no fraud, before you can receive any money. They expect to garner enough trust to hold your money for 3 months, but they don't even have an 'About Us'…
Hey, our intention is not to reveal your BTC activity with your real identiy. The BTC is simply used to deposit and withdraw money as an alternative to the man, aka PayPal. We're huge supporters of BTC and the Ethereum project and tying in BTC was our way of opening it up to a community that does not look fondly upon fiat currency. The 90 day waiting period is only for accounts that are flagged by our security protocol. Rarely will we hold money for the full 90 days. Thank you for sharing this bug with us, we will be working through this and adding in a standard login process in the next two days. If you have any questions, please email me at sagar@koalah.co
Re: Game Wagering with Bitcoin and USD
#9Conceptually interesting, but I agree with other commenters that tying a public login to an anonymous currency via an unvetted 3rd party that holds it for 3 months sounds more like a bad joke than any kind of real service. Huge signup friction, virtually no payoff. Is this even within paypal's terms? I've seen them swing the hammer for less.
Hey Rick, Thanks for checking us out, and we added in the public login to drive a social gaming environment. We will rarely hold money for as long as three months, it is in case we have an account be of concern based on our security protocol. We will be publishing this security protocol in a white paper as well as adding in standard login. Skilled gaming is also allowed by PayPal and Coinbase, while gambling is not.…
This link suggests paypal only allows skill games for approved merchants:
https://www.paypal.com/us/webapps/helpcenter/helphub/article...
Re: Game Wagering with Bitcoin and USD
#10Your UX might need a little work if a user can't figure out how to play freaking snake