Coin holders should be able to place on-chain bets on the outcome of EmpireCoin voting rounds. This would be parimutuel style betting where the odds are determined by the amount bet on each empire. Betting can be facilitated without a bookmaker if users send coins to non-redeemable addresses such as "china_wins_round_100" to place a vote. Then when the outcome of the round is determined, new coinbase payouts summing to the total amount of coins burned for that round would be paid out to the winning bettors. Bet transactions could be required to match a special format where a single address is specified where payouts should be delivered, or instead an address format like "china_wins_round_100_pay_Eb54e3yFdQHCwX9RPooZ8GcLExMiD5gsdw" could be used to specifying the payout address.
Betting transactions would need to be confirmed before the round in question begins.
This is a long term feature request but definitely not something that is high priority or required for launch.
Coin holders should be able to place on-chain bets on the outcome of EmpireCoin voting rounds. This would be parimutuel style betting where the odds are determined by the amount bet on each empire. Betting can be facilitated without a bookmaker if users send coins to non-redeemable addresses such as "china_wins_round_100" to place a vote. Then when the outcome of the round is determined, new coinbase payouts summing to the total amount of coins burned for that round would be paid out to the winning bettors. Bet transactions could be required to match a special format where a single address is specified where payouts should be delivered, or instead an address format like "china_wins_round_100_pay_Eb54e3yFdQHCwX9RPooZ8GcLExMiD5gsdw" could be used to specifying the payout address.
Betting transactions would need to be confirmed before the round in question begins.
This is a long term feature request but definitely not something that is high priority or required for launch.