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   Technology Stockswagerr - betting belongs on the blockchain

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From: Elroy2/24/2018 6:54:15 PM
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wagerr now has 931 masternodes active. I think that means there are 931 servers around the world running the wagerr network code.

I think this is a fairly successful launch of the wagerr Main network. I'm surprised the wagerr coin price hasn't moved much at all, sitting around 4,300 Satoshis. Same as it was pre-launch.

37.3 million wagerr tokens have been transferred from the Waves blockchain to the wagerr mainnet.

Each masternode requires 25,000 wagerr coins so about 23 million wagerr coins are locked up in masternodes. There are 198 million wagerr coins in circulation.

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To: Elroy who wrote (30)2/27/2018 11:01:19 PM
From: Elroy
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Wagerr now has 1,239 computer servers worldwide running the wagerr blockchain code.

52.6 million wagerr tokens have been transferred from Waves to the wagerr Mainnet.

Some amount of coins have been transferred from the Wagerr main web sight to the wagerr Mainnet, but I don't know how to find out that number.

In total, there are 198m wagerr coins.

The next major step (I think) will be creation of a relationship between the wagerr coin and a crypto exchange. That will allow people to move their wagerr coins from the wagerr network and sell them, and allow people who become interested in wagerr a place to buy them other than the Waves DEX (a Waves blockchain exchange, where wagerr currently trades).

The price of one wagerr coin has actually dropped a bit during this whole wagerr Mainnet launch process, which sort of surprises me. Wagerr today seems a lot more of a solid project than wagerr one month ago (when there was little talk, and no product at all to see).

After the exchange relationship is established, the next big steps are release of a new wagerr wallet which contains the betting functions, and the wagerr Testnet, where they debug the betting code in a live environment. When those two things get released, and how long Testnet lasts is unknown. However, the wagerr CEO has said that they are running internal Testnet currently, so that seems good.

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From: Elroy4/22/2018 10:42:08 PM
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Get Ready to Wagerr on the World Cup!

The Wagerr Team has been extremely busy over the last few months, and is proud to announce that they are now currently testing both head-to-head betting and on-chain betting on the Wagerr Privatenet, in preparation for the 2018 World Cup!

Wagerr holders can expect to either bet in pairs against each other through matched head to head bets, or directly on the blockchain, which will mediate the collective payout liability. The team’s current sentiment is that on-chain betting is the most feasible starting point for Wagerr betting during the 2018 World Cup.

The Wagerr Team has been working to develop Oracle Masternodes that can contribute to resulting for the World Cup. The Oracle Masternodes function as the central checkpoint to achieve super-consensus on event results, thus triggering proper payouts. The team believes that the best way to deploy the Wagerr betting layer is in a modular fashion. As a result, the first Oracle Masternodes for the World Cup will be centralized, and run by the team.

The scheduled portion of fees generated from Wagerr Network betting, and earned by the centralized Oracles, will initially be distributed to eligible (active) masternodes, rewarding those who have supported the network in its early stage.

It's also worth noting at this point that CEO David Mah has been in negotiations to license Wagerr (the company) as a regulated gaming business. It is a lengthy process, but one that Wagerr is proud to embark on. This move intelligently positions Wagerr to raise its profile within the current online gaming industry while rolling out a fully decentralized system. This will not negatively impact the ability of any user, in any location, to interact with the blockchain.

The next few months will be a very exciting time for the Wagerr Community! The weather is heating up, and so is the Wagerr Network! The team has been working very hard on development, exchange negotiations are ongoing, the team has entered discussions regarding future partnerships that could be beneficial for both Wagerr users & the Wagerr Network as a whole, and the team has been solidifying their marketing plans in anticipation of the World Cup and the start of betting on the Wagerr Blockchain! Stay tuned to & Wagerr's numerous social media channels for many more exciting announcements over the next few months. Betting bel

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From: Elroy5/5/2018 6:35:09 AM
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Wagerr network has 1,966 masternodes active at the moment.

Betting is supposed to begin with World Cup, which I think means June 10th.

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From: Elroy6/7/2018 10:46:03 PM
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wagerr is supposed to launch on chain betting in the World Cup (starts in 6 days).

Wagerr is up 25% today for no reason, maybe it's finally time for "the move"

Stay tuned

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From: Elroy7/11/2018 12:39:03 AM
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Well well, this is sort of interesting. Wagerr has release a public testnet for the blockchain based sports betting system. I think the Oracle Masternodes (the computers that run the betting code) are centralized at this point, but they plan to debug and then decentralize eventually.

There is a link to a pdf file in there that explains how to install the testnet. I'm going to give it a go and see how it looks.

Price of wagerr hasn't even moved much in response, I think not many are paying attention to wagerr these days, but if they go live with their betting code that may change quickly. Lets see.

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To: Elroy who wrote (35)7/12/2018 11:30:41 AM
From: Glenn Petersen
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Augur Is Live: Decentralized Prediction Market Launches After 2-Year Beta

David Floyd
Jul 10, 2018 at 08:01 UTC | Updated Jul 11, 2018 at 07:14 UTC

Augur is finally live.

The decentralized platform for betting on real-world predictions was one of the first applications built on top of the ethereum blockchain, and its creators sold "reputation" (REP) tokens for over $5 million in 2015 – a time when few were talking about "ICOs" or "utility coins." A public beta version of the platform came out the following year, and its team published a revised version of its white paper in January.

Now, the Forecast Foundation, the not-for-profit behind Augur's development, has announced the launch of the long-awaited platform, which was accompanied by the release of the final version of the Augur application as open-source software.

The years-long delay in reaching this point may have been frustrating for token holders, but it has allowed the Augur team to aggressively vet their code through internal audits and a generous bug bounty program. Notably, Augur offered $200,000 for bugs that qualified as "critical" (though the team hasn't announced any rewards larger than $5,000).

The project has good reasons for being so circumspect.

As Tom Kysar, operations lead at the Forecast Foundation (which was created to support Augur), told CoinDesk in February:

"We'll probably be the largest and most complex application to be attempted to be deployed on ethereum."
At the same time, he added, "Once Augur is live on the mainnet" – that is, once it's live on the ethereum blockchain – "we have no more control over Augur than anyone else does."

So, the risk that a serious vulnerability could cripple a complex decentralized application like Augur aren't just academic. After all, the entire DAO saga – ICO, launch, hack, ethereum fork and ensuing divisions – unfolded in the time between Augur's token sale and its launch.

How it works

Augur allows participants to bet on anything.

As long as the outcome can be verified in the real world, users can create a prediction market for anything from ether's price, an election in Brazil or the outcome of Iceland v. Argentina in the World Cup.

What distinguishes Augur from a traditional betting market is that no single party sits in the middle, meaning that users are likely to pay lower prices.

Removing the centralized intermediary from a betting market presents a problem, however: how to bring dispersed, financially interested parties into agreement about the actual outcome of the predicted event?

In Augur's system, the creator of a prediction market designates a "reporter" to vet the outcome. This designated entity puts down a deposit of REP tokens, which they lose if they incorrectly report the outcome and other REP holders challenge them. The reporter is compensated through fees.

Day-to-day betting is not done in REP, but in ether, the native token of the ethereum blockchain (though, eventually, the plan is to support other ethereum-based tokens). Users can buy and sell shares in particular predictions, which are priced according to the likelihood the market attaches to each outcome.

More than just cheap bets

Augur's white paper argues that fees on the platform will go "as low as market forces can drive them," providing those placing bets with an attractive alternative to current offerings.

The platform will also likely be difficult for governments to block or censor if, as Kysar argued, no single party is in control of it – even the Forecast Foundation. That could make Augur appealing in jurisdictions where sports gambling is illegal, for example.

Augur's creators see it as more than just a rival to gaming sites such as Paddy Power, though. The project's website suggests its usefulness for forecasting – whether elections or quarterly product sales – and hedging against high-impact, low-likelihood events such as natural disasters.

Forecast Foundation co-founder and senior developer Joey Krug summed up the team's ambition last year, when he wrote:

"If Bitcoin gave us decentralized currency and Ethereum brought decentralized computation, Augur will enable a decentralized financial system."
Another CryptoKitties?

Before Augur can overhaul the global financial system, though, it has to attract users.

Kyle Samani, co-founder and managing partner of the cryptocurrency investment fund Multicoin Capital – which he said does not currently own any REP tokens, but is following the project closely – told CoinDesk that the Augur team wants a "slow and steady" launch – nothing "loud [and] crazy."

"Not sure how much demand there will be," he continued, given that "they are not doing mainstream consumer marketing."

That said, if demand does materialize, Augur could put considerable strain on ethereum, according to Corey Miller, an investment analyst at cryptocurrency investment firm BlockTower Capital.

Echoing Kysar, Miller said Augur would be "the most complicated dapp to ever launch on ethereum."

But he added:

"Ethereum doesn't handle complicated so well."
In Miller's view, even modest demand for Augur could lead to a situation similar to the one caused by CryptoKitties at the height of its popularity, when the ethereum network slowed to a crawl and transactions became inordinately expensive.

In other words, the launch could turn out to be loud and crazy after all.

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From: Elroy9/10/2018 9:12:27 PM
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There are a couple of big things going on with wagerr this week.

The smaller (I think) thing is that the developers are upgrading the mainnet software to improve the anonymity function. WGR tokens/coins can be changed into something called zWgr inside the wallet. If you send zWgr somewhere, it arrives as regular WGR, and the recipient cannot trace where it came from. This is derived from the anonymous coin ZPIV, the WGR mainnet is a fork of ZPIV. Anyways, this zWgr feature is being added over the next two weeks. That's sort of interesting, but not terribly so....

The big big deal is that wagerr is adding live betting to mainnet this week! So there will be a new wagerr wallet which will allow WGR owners to "bet against the chain" using real WGR. The fee is 6% of the bet.

This is just baby steps in the wagerr development, but it's a pretty big one as we'll now be able to goof off and bet with our WGR. The Oracles which determine the match outcome remain centralized, so it's not a distributed anonymous betting coin yet, but this is a first big step.

WGR jumped about 60% on the news. The WGR price in USD now is about 17 cents.


Wagerr Announces Mainnet Betting Release

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To: Elroy who wrote (37)9/16/2018 7:21:50 AM
From: Elroy
   of 77
Wagerr mainnet betting went live this week. There was over 400,000 WGR bet on boxing events on Saturday - that's about US$68,000. Not bad for the FIRST LIVE WGR BETTING EVENT ever.

And they've got the Dallas - New York Sunday night football match as the next event.

I bet on boxing. Lost. I've got the Giants this Sunday. Lets see what happens.

This is way under the radar in crypto I think. But it's a brilliant idea (decentralized anonymous sports betting on a public blockchain). It's functioning. It's fun.

You heard it here first!

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From: Elroy9/17/2018 8:55:32 PM
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