No you would t need to go that far.
Public zaps (not reliable enough for a full book today but enough for a bit of fun) would be enough - use one of the backup services to save all bets at lights out and then the bets are locked in.
Discussion
So, book would be built on trust?
Yeah you’re not doing smart contracts here.
The way I envisioned it was to grab bookmaker odds for some popular bets and post here as notes. For example a note of:
“Alonso to win - 2/1”
Anyone who wants that bet zaps whatever amount on that note and locks in a bet at the stated odds. All the notes are backed up / saved, winners calculated and paid out at the end of the race.
You could easily run an open book here with global Sats betting. You’d need to trust the bookie of course and there’s a chance of being rugged but I wasn’t thinking about replacing Betfair, just some fun and games on nostr and another usecase to prove out
I think this could work
It could definitely work!
I didn’t pursue it because it’s one of a million nostr ideas I’ve had and really the majority of this workflow (pull odds via API > publish notes > acknowledge zap bets > backup / save > pull winning bets via API and match against noteids > calculate payouts > make zap payouts) needs to be automated or you’re going to end up with a bunch of pissed off people 😂
It’s a freebie for anyone who wants to try a little business on here
I like this! 🤙🍀💜🫂 I would like to help in some way.. I can grab the coffee 🥹🥲