11–20 of 64 posts
you can see the game in action here - http://bitino.com/about/
"ammounts" should read "amounts"
"Private Game URL's" does not need an apostrophe
"You muse keep your game" should read "You must keep your game" (I'm guessing that one)you can see the game in action here - http://bitino.com/about/
FYI, there are a few typos in that page: "ammounts" should read "amounts" "Private Game URL's" does not need an apostrophe "You muse keep your game" should read "You must keep your game" (I'm guessing that one)
http://bitino.com/about/ says I have to keep my game URL private otherwise people can steal my BitCoins, but there is no HTTPS? No deal.
Earlier quoted context omitted.
I guess with bitcoin being so anonymous, it would be easier to get away with fraud and never be caught compared to a company that accepts USD though VISA.
it's all about reputation. all games are made public online. all payouts are displayed on the website. if things went array for any reason it would be public knowledge very quickly and thus the end of the site.
The problem with your provably random method is that it is still possible for the house to get a slight edge. Since the server seed is random, you could regenerate it hundreds of thousands of times so that the house has a slight edge for the first two or three flips (assuming there are lots of people playing on the same deck, it gets wayyyy easier if it is one deck per person). You don't need that much of an edge to dominate your competition. An edge of 2 or 3% doubles your revenue; which would 4x or 6x your profit, since margins are usually thin for gambling sites.
It seems like there's nothing to stop the casino inserting their own played games (either real but fixed, or entirely faked) to "adjust" the balance of historical payouts in one direction or another?
The concept of the public seeds is clever though
Earlier quoted context omitted.
I guess with bitcoin being so anonymous, it would be easier to get away with fraud and never be caught compared to a company that accepts USD though VISA.
it's all about reputation. all games are made public online. all payouts are displayed on the website. if things went array for any reason it would be public knowledge very quickly and thus the end of the site.
This would make people believe you were paying out at a higher rate than you actually are.
I'm not suggesting you're doing that, just wondering what stops it, as I don't see anything immediately obvious.
On initial glance, and I may be a million miles off here, it feels like the history section which shows payouts is rather redundant. It seems like there's nothing to stop the casino inserting their own played games (either real but fixed, or entirely faked) to "adjust" the balance of historical payouts in one direction or another? The concept of the public seeds is clever though
It's what all the other bitcoin gambling websites do. I can't hotlink it, but visit here[0] and click "verification" in the top right.