I don't know @pete
I don't know @pete
Replies
are you the creator of Lilbit?
Yes
very cool. how does it work lol?
Yeah we are an On-chain Casino Sportsbook and Prediction Market. Any time you wager you are sending an on-chain transaction and if you win you are paid out on-chain. We also use the blockchain as a Random Number generator for our casino games such as Plinko, Blackjack, Roulette and Video Poker. You can wager even a fraction of a penny.
how do you resolve who wins in the prediction market? did you write smart contracts in scrypt?
We use official sources for now. The sports wagers are all automized but not the prediction market. We have a novel way of resolving them using users and a reputation system but would need thousands of active users for this.
my bad