Overview and Expansion on Tom Kerr’s post “Technology That Could Revolutionize Gambling and Change The World" in The Racing Post
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In Kerr’s post, Technology that could Revolutionize Gambling and Change the World, Kerr effectively highlights how the Blockchain, Peerplays, and Bookie will impact not only the betting space, but essentially how we transact in most facets of our lives.
Kerr draws a real-life comparison of banks and their digital ledgers being the pivotal point in every transaction and recording our daily interactions with money, to blockchain taking the place of the bank ledger and recording transactions in millions of places at the same time. This process means data cannot be easily manipulated by outside parties; i.e. government or regulators.
Kerr states, “If you’re not sure whether to be appalled or amazed at this prospect, you’re starting to grasp the magnitude of the disruption this technology could wreak.”
Peerplays believes you should be both amazed and appalled.
As written by Kerr as stated by Baha’i, “The betting exchange [Bookie] is only one thing that blockchain is going to disrupt in the world, in fact it is one of the smaller things when all is said and done.
"Right now, not everyone sees what is happening, much like back in ’92 when the Internet was first introduced.. it’s just going to take a bit of time for the rest of the world to catch up.”
Transparency is just one of the amazing perks Bookie has to offer. Bookie is the first true betting exchange built on the blockchain and using cryptocurrency payments. This technology and anonymity will also provide the platform for enabling those who currently live in areas unable to bet due to laws and regulations the ability to do so. It also means fair gaming in an industry that so terribly needs it.
As Kerr highlights, “Peerplays promises a rigorously fair and secure betting environment, underpinned by the transparency of the platform [Blockchain] - every transaction is publicly audible.” This is not provable in traditional betting systems.
Likely the early adopters of this technology will be those who have limited to no access to betting (United States, for example), however the appeal in countries with mature betting markets (such as the United Kingdom) will be the transparency of the blockchain, meaning fraudulent activity - which the betting market is plagued with - is virtually impossible.
The appalling piece of this is today's acceptable current practice of fraudulent activity and interference from government and regulators, as well as the lack of autonomy.
The betting market will not change in an instant. Bookie, powered by Peerplays, will highlight the flaws of traditional betting and offer solutions to fraudulent activity and offer autonomy.
Betting is a small fish in a big pond of possibilities of what the blockchain is going to provide to the world.
Original article written by Tom Kerr, Racing Writer of the Year, for Racing Post. To read this article, visit and subscribe to Racing Post:
=) Revolutionize Gambling? Why???
Thank @peerplays for you post!
I bought some. Fingers crossed!
Just secured 5741 PPY from y'all and loaned a colleague 2 BTC to throw at you guys for PPY tokens. We're really liking the idea and game plan behind all of this. Read extensively into your bitcointalk thread. Baha'i seems very receptive, elaborate, and attentive to inquiries. I like that.
They forgot to mention the 15,000 USD in contracts that is paid monthly from the peerplays non profit to one of the co-founders who is in turn the president of the non profit. There is zero mention of how much betting volume will be needed to cover this cost or what % of the fees from the bets go to this monthly payment. This is not in a whitepepe or anywhere else.
This is paid from the nonprofit organization that raised money during the crowdfund. This money will be depleted at some point and no further payment will happen. The nonprofit is just to bootstrap the ecosystem. Onchain profit goes to the shareholders not to the nonprofit organization. So your assumption is wrong.
So the crowdfund is to pay for the 15k a month in contracts to Johnahan´s 2 companies. The president of a non profit that pays two for profit companies 15k a month that the president of the non profit owns. The so called "donations" are going to this - first - and to development of the software second as the contracts are a done deal. How much is needed in order to pay for the contracts in full?
No, I describe that this massive contract over many years is paid for by the non proit as you point out. Sommeone is already sitting pertty. Nice deal if you can get it.
did you send kerr the 84 $
Is Kerr going to get the 68$ that this post raised so far?
what examples do we have of having nice liquidity/action on both sides of a sports bet on a public betting exchange? for the most popular sports, the liquidity problem is mitigated on the most popular bets like moneyline, but what of spread bets or sports-specific proposition bets? I worry that spread bets won't be liquid or have enough action and so will be very choice limited to the extent of peerplays market size on that particular sports game
whats going on with launch of the blockchain..5/30 is over and still no news..it is also still grayed out on the bookie website