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RE: New “Bookie” Exchange could drive ETH Marketcap to $Trillions
@peerplays you're saying "Bookie is being funded through a crowdsale of Peerplays tokens" But Bookie is an ethereum-based DAO ( or Dapp) and Peerplays is graphene-based. I'm just confused as to how two different blockchains are involved, or are they? And where does this fit in? Which of theses entities are working together and which are competitors?
Where did you get this false information? http://Bookie.exchange is designed and built to run on Peerplays, which is based on the Graphene blockchain. Peerplays is a DAO/DAC in itself. Check out the FAQ area of the Bookie site
Thanks for pointing that out. I guess I had bookie.exchange confused with https://dao.casino/
So the two are competitors. Can you say anything about the difference between them. Perhaps one is more adapted to a particular niche and vise-versa.
Also, I'm still confused about where Ethereum factors into this.
According to the Bookie FAQ, all crypto-currencies can be supported but initially the site will be launched for Bitcoin only betting.
Not a competitor. More like marketed like one.
Peerplays governance is determined by its PPY token holders. Dao.casino is centralized to the dev team and what they decide will run (could more easily be argued to be the owners and likely to face that regulatory hammer). Peerplays gaming experience is real-time. Not possible in dao.casino. Peerplays supports multiple crypto-currencies. dao.casino is limited to the tiny faction of people in the world holding eth. Peerplays has scalability. dao.casino suffers from all the same things every single other project in ethereum suffers from which prevents scalability (don't believe us, talk with the augur guys or any other projects yet to release anything scaleable after years of dev and find out why).
Since Peerplays came on the scene May of last year many have tried to copy us in our wake. We have yet to see anything that can be considered 'competition'. What they are doing though certainly looks like an interesting experiment.
Hope this helped.
Thanks! Yes, that helps a lot. Still I don't see what would drive ETH marketcap to Trillions of dollars. Why would ETH be favored over all other cryptos available?
There are a few factors to consider in how Peerplays works that contribute to this. First, ETH is faster than btc and has greater support than some other crypto currencies and it will depend on onboarding support what most choose.
Second is Peerplays profitsharing mechanism. With all the ETH wagered with the profit is then distributed to all PPY holders. This increases the holders of ETH and thus the utility. This will also increase the volumes and thus the market cap.
We are talking about a real working production level application designed to take on all markets. This impact will be dramatic.
Mind you if another crypto make a better showing in the network, all of that could shift.
Whom ever manages to be the crypto of choice in Peerplays for the end users will likely end up being the most dominate in the market.
That makes sense. Thanks again! So how would the average PPY holder collect his profit-sharing in ETH? .. assuming he invested with bitcoin and doesn't even have an ETH wallet.
edit:
The FAQ descibes UIA tokens and Gateway tokens.
I guess these tokens will be used to distribute profits to PPY holders.
http://www.peerplays.com/news/faq/