Hey funfags explain this

Hey funfags explain this.
I was reading the whitepaper the other day and it says on 4.1 "Instant, frictionless gaming blah blah" that they have some technology that will allow people to play without any details etc.
What kind of sourcery can they do if we already saw what happened with cryptokitties?
Isn't this gonna rekt the eth network even harder?

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funfair.io/state-channels-in-disguise/
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They're using State Channels (they made their own, calling them Fate Channels) to take all gambling off-chain.

The only eth network transactions will be initializing the gambling session and terminating it.

You can gamble for hours off-chain and not worry about the network.

they have proprietary Fate channels that solves the problem. Read up on it if you want.
funfair.io/state-channels-in-disguise/

This is why I bought this @ 2c. This is going to be epic.

I read the whole whitepaper before and now I'm re-reading that part again. Now another question: why would other online casinos adopt fufair's tech?

so they don't have to build the whole ecosystem themselves? Just build apps on top with the coin infrastructure as the base

Go the FunFair subreddit, r/funfairtech.

There's a sticky with a lot of good info.

Using FunFair means your casino is provably fair, meaning you have a marketing/PR advantage over casinos that are not provably fair.

Low overhead costs - running a FunFair casino can be a 1-man operation. No expensive servers.

No chargebacks/fraud from customers claiming their card was "stolen" and used to gamble with.

The games are actually beautiful... you can demo them now at funfair.io.

Traditional gaming software, if licensed, is mega expensive. FunFair will be licensed for free or close to it.


Other reasons, but just go read the subreddit.

How do you play Blackjack etc and buy FUN tokens on the platform when the price / coin is flucturating rapidly. Won't normies get annoyed when a token is 50cents then $2 then $1.25?

I'd hate to imagine looking at my $10,000 token balance becoming $14,000 then $8,700 the next day.

Am i missing something here? Have they explained how the coins work? Are the tokens on the gambling platform different to actual FUN tokens so they can peg the game tokens to USD?

How does it work. like WTF?
Please Explain! :D

>Using FunFair means your casino is provably fair
That's why I'm asking. If online casinos make more money by being not fair why would they adopt funfairs tech? They get more money scamming normies after all.
I checked the games already, those are legit.
I think the best part about funfair is that it could avoid chargebacks and shit but at the same time we have to see how many people are willing to go through the KYC verification process.

That's another good point and it's similar to why I think cnd is not hitting anything near 1$ anytime soon: the price of the highest tower bot would be 1M$

They are aware of this issue, and talking with several ico's that are working on bringing stability to the coin. But you're thinking too far ahead. This is literally the ground floor, casinos haven't even come in full force yet. With this, YOU could open your own casino. Biz is already pooling together to make one. Buy now or cry later

It's about gambling with your crypto... Every crypto is volatile

There's 800 billion dollars worth of wealth that's "hard" to cash out and can't really be used to buy stuff with. But now you can gamble with it. Pretty big untapped market for gambling if you ask me.

Online gambling is a huge clusterfuck atm and some of the big gamblers IRL avoid it like the plague, the fair casinos will have a huge advanate over the fair ones hence attracting new users that are not even being taken into account.

With how much weight PR has at the moment you can bet your ass fair casinos are going to destroy unfair ones. It's a matter of money really, the ones who benefit the most are the ones with the most players.

FUN has the potential to become a huge coin, this shit can even reach 10 dollars at some point in the future.

are there (reliable) online casinos for crypto out there right now?
seems like a huge market indeed if you can establish yourself as a fair and reliable cryptocasino

Idiots keep ignoring the fact that this DOES NOT run on ETH network.

*over the unfair ones

I told Veeky Forums about FUN when it was less than 1 cent

When this coin reaches 1 dollar you are gonna be crying like a baby

Casinos still make money hand over fist because "the house always wins." Every casino game (blackjack, craps, roulette, whatever) is designed with the inherent house edge.

Sure, some casinos might be scamming players by cheating --- those casinos won't switch to FunFair. That's fine.

FunFair doesnt need to capture the ENTIRE internet gambling market.

If a player wants to reduce exposure to volatility, they can cash out their FUN right after they finish gambling. Market doesn't flux very much during short durations (Go look at FUN's candles in 30m or 1h intervals - they don't move much). The price will also stabilize when casinos hold tons of FUN as bankrolls. Right now 100% of the FUN is held by investors who create, i imagine, a less "stable" price than if casinos were holding a large amount of it.

There are other ways to deal w/ volatility (like house guaranting the price for a duration of time, taking losses or gains from price flux).

I hope everyone bought into fun till now

Two Words: Pokerstars
should i add to my fun stack or buy some xlm and dbc

the token is not the chip itself, you use the tokens to buy chips
im assuming they will settle on a fixed price that is close to the market price

>Biz is already pooling together to make one
hell yee

1) Buy chips instead of tokens
2) Once casinos own tons of tokens price will stabilize.