Another escrow router

Most importantly, in a typical online gambling system, players rely on a trusted third party to carry out the game. A major solution for a fair gambling system is a trustless gaming platform. With LetBet, there is no need for trust. Smart contracts will automatically reward all the key contributors including game developers, referrers and operators of independent platforms.

Online gambling is in the category of secure routing between ledgers. Except a roll of the dice marches you through the protocol tree.

Is a special coin justified?  It is a weak escrow service, like Ripple Coin, it throws the risk of coin exchange on the user before the contract starts.

A special coin does not help Ripple, but stock shares would do wonders.    Ripple moves digital assets and suffers ledger congestion.  Ripple has to apportion tradebook risk somewhere, it may as well apportion currency risk. Ripple then is just a multi-currency, multi-asset contract router, and a great investment.

Well, for online gambling the answer, it is wait and see. Regular casinos have chips, but they are fixed pegged only one local currency.  Why not let users place their bets in any of the currencies for which the casino keep a pool.  In other words, the casino takes peso bets up to a percentage of the posted peso deposits.  Multi-currency betting, make this work just like any other escrow bot, except had dice rolls.

What about the blockchain?

If the bets clear, accounts are settled for a particular betting sequence, then delete blockchain, up the completed branch.  Then, make each player a miner,  each participant validates the blockchain and outcome. Your chain is not much taller than your longest betting protocol.  Like after each card hand, all participants are at the poker table, they will agree, one way or the other.  Settling account after a hand of poker is exactly blockchain with delete.

The poker table method of settlement, doesn't that define a finite contract method?  The simplest contract, or protocol, is the two party cass exchange. It happens between the trading bot and the pit boss in an S&L or coin exchange, after the bet compression. So, the multi-step,multi-party contracts are all moved to escrow machines. None need their own coin.