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341  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 02:50:35 PM
Why do people come up with the same discussions every week on the same thread?  The random number generation used in just-dice is secure.  it takes entropy from OpenSSL's RAND_bytes function which is as secure as you can get without resorting to custom hardware - if you're worried about OpenSSL's RAND_bytes function then be worried about the ephemeral keys used to secure the SSL you use to talk to your bank.

Once it has these random bytes (the seed) it then uses HMAC_512 to generate all the random numbers for the player.  This is predictable because the game has to be provably fair, but it is not possible to determine or predict anything about the output of the function without knowing the server seed (see above).
Thanks for the information, finally a useful post.
On the page it says
Quote
Your client seed for that server seed was
Does anyone know if it actually means that the client seed is used as a seed for the server seed or if its just a mistakable formulation.

Also I'd like to know how the server seed for each user is saved. There's still the possibility of an SQL injection for example.
342  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 02:33:20 PM
The system JD uses is close to as good as it gets (assuming proper implementation). This is possible to the standardization of strong cryptographic protocols (and hash functions, such as SHA).
You're using some strong wording there. Do you have any source or quotes to underline this or are you just wildly speculating?

sha is currently the industry standard hashing algo. Quck google shows us that it is used in the most sensitive applications:
The SHA-2 hash function is implemented in some widely used security applications and protocols, including TLS and SSL, PGP, SSH, S/MIME, Bitcoin, PPCoin and IPsec.

i do not feel that my statement is so strong: again, assuming proper implementation, it is as good as it currently gets. There are no known, feasible attacks on sha.
You understand what a hashing algorithm does? What about the input?
343  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 02:21:39 PM
The system JD uses is close to as good as it gets (assuming proper implementation). This is possible to the standardization of strong cryptographic protocols (and hash functions, such as SHA).
You're using some strong wording there. Do you have any source or quotes to underline this or are you just wildly speculating?
344  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 02:02:01 PM
thanks for clarifying. why is he not using a TRNG?
trng? i assume you mean a 'truly' random generator.

simply because obtaining random data is very hard (not 100% sure, but i have doubts that something like a TRNG exists). On the level JD is operating on (software on a server), you do not have random input with which your software can work with. OS random generators usually work by taking as inputs various pieces of information (such as time, etc.) and then applying algorithms to them. This results in seemingly random data, however, technically speaking, it is not truly random.

If you want to come closer to pure/true randomness, you would need a special hardware-based generator (for example, one that measures micro turbulances in the air) and base your data off it.

Randomness is a tricky topic Smiley

He's also not using a "TRNG" because then it would be impossible to prove to players that the site was fair.
That didn't make sense a few pages ago and still doesn't make sense.
345  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 01:53:45 PM
How was the seed generated, then? Wink
Your avatar fits well in this situation.
346  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 11:08:16 AM
Wouldn't minimizing losses maximize profit?


Yes, I was thinking the same ^^


And even if you disagree, you are wrong.
1% edge house does not mean that every bet will loose 1% of his value.
No, of course not.

But please, go ahead and "play" the investment. In the long run, those who stay invested should make more profit than you.
347  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 11:01:28 AM
Maximize profit.
Make profit while overall investors lose money (current profit: -3k)
That's bullshit.

Pascal , you're right.  Day trading does not maximize profit.

But it does minimize losses.
Wouldn't minimizing losses maximize profit?
348  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 10:57:37 AM
if the rolls are truly random, then there is no such thing as 'timing your invest/divest', right? so day trading is merely limiting your exposure to shorter amounts of time.

an investors EV is still positive if they day trade, just based off of less wagered.

the whole point of day trading is either reduction in exposure to variance, gamblers fallacy, or the belief that a gambler is in fact cheating.

I see very little down side to day trading at JD.


Agreed. But unless the site is working correctly there's also no reason to day trade.


Maximize profit.
Make profit while overall investors lose money (current profit: -3k)
That's bullshit.
349  Economy / Securities / Re: Looking for an Investor/s for Bitcoin Mining farm in Australia - Great Offer on: September 30, 2013, 10:26:35 AM
2.1792 BTC mined yesterday.
You could post your bitcoin address to prove that you actually mined that amount.
350  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 10:23:55 AM
if the rolls are truly random, then there is no such thing as 'timing your invest/divest', right? so day trading is merely limiting your exposure to shorter amounts of time.

an investors EV is still positive if they day trade, just based off of less wagered.

the whole point of day trading is either reduction in exposure to variance, gamblers fallacy, or the belief that a gambler is in fact cheating.

I see very little down side to day trading at JD.


Agreed. But unless the site is working correctly there's also no reason to day trade.
351  Economy / Securities / Re: [BitFunder] TOPMINE { ASIC HARDWARE & MINING } IPO - 100% DIVIDEND PAYING on: September 30, 2013, 10:22:07 AM
I'm wondering if he obviously wanted to troll or if this is a failed scam
352  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 30, 2013, 09:23:17 AM
Given that the probabilities don't change, it wouldn't make sense to invest/divest on winning/losing streaks. That's investors fallacy.

Unless for example the hash distribution is not random, or the server seed is not safe.
353  Economy / Securities / Re: [BitFunder] TOPMINE { ASIC HARDWARE & MINING } IPO - 100% DIVIDEND PAYING on: September 30, 2013, 09:14:17 AM
You will have to make a much better case for yourself to gain trust of investors given the current debacle regarding LABCOIN
354  Economy / Securities / Re: [Ice-Dice.com V2.0] Massive 10 Level 1% MLM Referral Bonus! Get in on top fast! on: September 29, 2013, 11:36:22 PM
Guys if you register with this link you get double coins!!!

https://ice-dice.com/en?invite=1623

Edit: No, srsly, this sounds like a major snow ball system / pyramid schema. Nice idea with the minimum wagered and invest, but I am quite certain that this won't work.
355  Economy / Securities / Re: "Average Joes" Invest on: September 29, 2013, 09:24:01 PM
I predict PIF will have a better return.
That's an unfair comparison.
356  Economy / Securities / Re: Looking for an Investor/s for Bitcoin Mining farm in Australia - Great Offer on: September 29, 2013, 12:50:55 PM
Bitcoin is just taking off in Australia, getting a lot of media attention now. Setting up the pool to AU users would explode.
This.

It seems you're caught by the Bitcoin hype and forget to calculate your venture through. The difficulty is claimbing rapidly and at this point its easy to say that unless you have a strong ASIC provider and very cheap energy, you won't make your investment back.

I would explore the option of running a pool in Australia if there is no significant one yet.
357  Economy / Securities / Re: [BitFunder] Asset Exchange Marketplace + Rewritable Options Trading on: September 26, 2013, 03:18:23 PM
Unfortunately the transaction fee can only be set as a default to all transfers.

We are working on a custom solution that will be released in the future that will help with this.

-Ukyo
Could you then go ahead and set a default fee? I'm once again waiting for withdrawal.
358  Economy / Securities / Re: [BitFunder] Asset Exchange Marketplace + Rewritable Options Trading on: September 26, 2013, 06:28:18 AM
It takes ages to withdraw money from WeExchange. Could you introduce a field where the user can set the network fee?

Funny, withdrawing BTC was always within 20 mins for me.
Are you talking about fiat withdrawals?
I don't think the user can decide what network fee to pay on fiat, that's decided on another level.
So no, I'm not talking about fiat withdrawals.
359  Economy / Securities / Re: [BTC-TC] Virtual Community Exchange [WINDING DOWN] on: September 25, 2013, 07:03:54 PM
Sorry - I got side tracked by people attacking me for asking questions and forgot to include - I think the post referenced by Carnth adequately answers the question about the .0025 reserve.
I was just about to post it, it's on the first page of posts done by burnside.
360  Economy / Securities / Re: [BTC-TC] Virtual Community Exchange [WINDING DOWN] on: September 25, 2013, 06:41:24 PM
Its 25cents please get over yourself, you are not getting it back bc it requires a backend change and can result in people overdrawing. Read before 2 days ago!

No, you fuck yourself.  I know it's only a few cents and said as much in the post.  And no, after spending 30 minutes or so reading through posts, I'm not spending any more time to read old posts.  The point was that keeping those small reserve fees from thousands of customers is a money grab.

If he had a running FAQ about the shutdown then I wouldn't even have had to make my first post that seems to have offended you.
I think you're a little overestimating the size of BTCT. Even with a thousand users (with an actual balance) thats 2.5BTC in total. That's nothing compared to the network fees the site has paid over the time. Or did you remember paying any fees for withdrawal?

You're just a little butt hurt over the losses you made the past days and you want at least something in return.
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