11–20 of 75 posts
Casinos are the new lotteries! Companies will always put systems in place to protect systems but I'm sure there will always be loopholes!
Cryptocurrencies are. Why meddle with a Casino when you can swindle a bunch of guys into buying your coin and then pull the rug on your investors?
This might just be the best answer ever for that YC application question: "Tell us about a time where you hacked some system for your advantage?" Surely they would give this Romanian guy an interview based on this answer! /S
It took me a while to figure this out but I think YC are particularly looking for answers to that question that result in a win-win, ie where you hacked a system to your advantage, and to everybody else’s advantage.
This shows a date of July 21, 2023 yet https://news.ycombinator.com/item?id=17927183 from Sept 6, 2018 with 286 points to the same URL.
The top of the article says it's a 2018 republish
> Even if Mandel were to win, there was the possibility of multiple winners — a scenario that could significantly dilute the jackpot. In fact Mandel was not able to calculate the odds of multiple winners. With publicity about an outsized jackpot, the general public is also expected to buy tickets in larger numbers, making it hard to estimate the expected winnings. For that reason, I would not consider this to be gami…
It makes me think of the other lottery system where you bet numbers that are less likely than average to be bet by others so your chance of sharing the jackpot is less. Certainly there are some numbers that people over bet, and in some lotteries you could avoid some of them in principle by betting on numbers that couldn’t possibly be part of a date.
The upside for the scheme is limited though because a large majority of lottery tickets are sold as ‘quick picks’ where the machine picks a random number for you which is not only easy but a sound min max strategy.
> Even if Mandel were to win, there was the possibility of multiple winners — a scenario that could significantly dilute the jackpot. In fact Mandel was not able to calculate the odds of multiple winners. With publicity about an outsized jackpot, the general public is also expected to buy tickets in larger numbers, making it hard to estimate the expected winnings. For that reason, I would not consider this to be gami…
The life insurance front sounds like a lot more work than either the algorithm or the ticket buying logistics! I wonder how much of the payouts ended up with lawyers.
Earlier quoted context omitted.
Cryptocurrencies are. Why meddle with a Casino when you can swindle a bunch of guys into buying your coin and then pull the rug on your investors?
Arguably one is taking from the rich and the other is more likely taking advantage of the poor.
This might just be the best answer ever for that YC application question: "Tell us about a time where you hacked some system for your advantage?" Surely they would give this Romanian guy an interview based on this answer! /S
Like to keep em entrepreneurs compliant....
This might just be the best answer ever for that YC application question: "Tell us about a time where you hacked some system for your advantage?" Surely they would give this Romanian guy an interview based on this answer! /S
I think they've removed that question now. Like to keep em entrepreneurs compliant....
New YC is traditional VC. Hustlers yes, hackers no.