Players depositing bitcoin to traditional online casinos are subject to huge transaction fees and end up just leaving their coin inside the casino's wallet, which can lead to disastrous resulted (exit scam, government interference). Although the concept of a fully decentralized website can be applied to many applications, I chose to implement it on an online betting system because of the tight regulations put in place by the legislature and the sketchy workarounds that many people try to go through.
This project was inspired mainly by the libertarian philosophies of the freedom to do with your money as you so choose. Players have total control over their own funds Insparation I refrain from calling it a "casino" because in a casino one entity handles all of the player's money, but that is not true in this case. Transactions are also handled through smart contracts that allow for total transparency and verifiability. Files are served peer-to-peer and are stored locally on the user's computer for inspection should they want to. This eliminates a single point of failure that is prevalent in many of the other online betting services today. Simpleledger:qrpr4kyjv84dh8ux3cr4reatccfrhnmfpuy4j82h4wīitcoincash:qpesy70d3kvdr4799adpp8nxgke55xpxhu0jd7w6dhĭefi coin flips is a concept that promotes financial freedom and anti-regulation with an online betting system that is served peer-to-peer rather than from a traditional server-client model.
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