I don't really understand why "provably fair" would be so big deal. The house is winning always, no matter what. But I don't gamble myself, so perhaps I don't uderstand that world that well.
Provably fair means the shuffle and order of the cards are verifiably random and also that they cant be changed once the game has started. Provably fair means you know exactly what you are dealing with before you start. Game payout odds are clearly displayed in the payout table.
Show HN: My friends just built a Bitcoin casino
31–40 of 64 posts
Re: Show HN: My friends just built a Bitcoin casino
#32http://www.wired.com/threatlevel/2012/03/feds-seize-foreign-...
Re: Show HN: My friends just built a Bitcoin casino
#33Re: Show HN: My friends just built a Bitcoin casino
#34Then you are breaking the law. UK-based gambling companies have to ensure that customers are over 18. Running a gambling game that uses anonymous payments goes against this principle!
Re: Show HN: My friends just built a Bitcoin casino
#35I'd be concerned about running an online casino with a .com domain. The US government has a track record of seizing domains. http://www.wired.com/threatlevel/2012/03/feds-seize-foreign-...
Re: Show HN: My friends just built a Bitcoin casino
#36Re: Show HN: My friends just built a Bitcoin casino
#37I'd be concerned about running an online casino with a .com domain. The US government has a track record of seizing domains. http://www.wired.com/threatlevel/2012/03/feds-seize-foreign-...
But this is what is really interesting about it. If the US government moves to shut this casino down, are they admitting that bitcoins are money?
Re: Show HN: My friends just built a Bitcoin casino
#38I'd be concerned about running an online casino with a .com domain. The US government has a track record of seizing domains. http://www.wired.com/threatlevel/2012/03/feds-seize-foreign-...
But this is what is really interesting about it. If the US government moves to shut this casino down, are they admitting that bitcoins are money?
Re: Show HN: My friends just built a Bitcoin casino
#39"Bitino is a games company based in London." Then you are breaking the law. UK-based gambling companies have to ensure that customers are over 18. Running a gambling game that uses anonymous payments goes against this principle!
Re: Show HN: My friends just built a Bitcoin casino
#40Earlier quoted context omitted.
But this is what is really interesting about it. If the US government moves to shut this casino down, are they admitting that bitcoins are money?
we are not a casino. this is a tiny side product built by a couple of guys over a couple of days to explore bitcoin.
My apologies if I've mischaracterized you, but a casino is "a public room or building where gambling games are played." bitino seems to clearly be an online variant of that.
(Edit: can't grammar)