Is it time for transparent and probvably-not-fractional-reserve exchange?

[CryptoPanda]

In the bitcoin world if a gambling site isn't provably fair and transparent it doesn't stand much a chance.

Lol, I've yet to see a Bitcoin gambling site that even comes close to the provably fair requirements major gambling sites adhere to.

So you are comparing sites where some central authority says you are fair (lobbying, bribery, interests) so you have to TRUST that authority and sites where every visitor can see for himself that it's fair (through the magic of math and hashing)?
I know which one I would choose.

No, it's called an independent, qualified auditor. Excluding certain games like Satoshi dice.

Doesn't matter how you call it, you have to trust 3rd party, not yourself.
And you have to trust that nothing changes since they audited.

Isn't much better to be right there in front of your eyes, the proof that every spin/draw is fair?
Say Hello to the innovation.......

[eoJ]

In the bitcoin world if a gambling site isn't provably fair and transparent it doesn't stand much a chance.

Lol, I've yet to see a Bitcoin gambling site that even comes close to the provably fair requirements major gambling sites adhere to.

So you are comparing sites where some central authority says you are fair (lobbying, bribery, interests) so you have to TRUST that authority and sites where every visitor can see for himself that it's fair (through the magic of math and hashing)?
I know which one I would choose.

No, it's called an independent, qualified auditor. Excluding certain games like Satoshi dice.

Doesn't matter how you call it, you have to trust 3rd party, not yourself.
And you have to trust that nothing changes since they audited.

Isn't much better to be right there in front of your eyes, the proof that every spin/draw is fair?
Say Hello to the innovation.......

That's why you do regular audits.

Ok, name a Bitcoin poker site that has the security and verifiable proof of fairness of a licensed Western gambling site.

[CryptoPanda]

In the bitcoin world if a gambling site isn't provably fair and transparent it doesn't stand much a chance.

Lol, I've yet to see a Bitcoin gambling site that even comes close to the provably fair requirements major gambling sites adhere to.

So you are comparing sites where some central authority says you are fair (lobbying, bribery, interests) so you have to TRUST that authority and sites where every visitor can see for himself that it's fair (through the magic of math and hashing)?
I know which one I would choose.

No, it's called an independent, qualified auditor. Excluding certain games like Satoshi dice.

Doesn't matter how you call it, you have to trust 3rd party, not yourself.
And you have to trust that nothing changes since they audited.

Isn't much better to be right there in front of your eyes, the proof that every spin/draw is fair?
Say Hello to the innovation.......

That's why you do regular audits.

Ok, name a Bitcoin poker site that has the security and verifiable proof of fairness of a licensed Western gambling site.

So regular audits for you is better than being able to verify every spin in real time?


why it should be poker? just search for provably fair bitcoin casino/blackjack/poker/slot/whatever
I'm not going to do your research for you. As said all those can be verified that are fair in real time, you don't have to trust unknown party that does 2 audits per year

It's whole different magnitude of provable fairness, why you can't see the advantage of it?

[2Kool4Skewl]

You might want to take a look at NXT's multi-sig asset exchange that is going to be implemented in the next couple of weeks.

[BitOnyx]

Self audit ? I guess BP had such one before they spoil ocean. I think people should watch themselves and stop placing all of money on exchanges, instead just money they want trade with. Not to mention cold wallets etc.

It is free market and being best exchange is profitable because people will trust them, trust them with they money and coins. Soon we shall have such giants while some fail exchanges would still appear and fall

[eoJ]

In the bitcoin world if a gambling site isn't provably fair and transparent it doesn't stand much a chance.

Lol, I've yet to see a Bitcoin gambling site that even comes close to the provably fair requirements major gambling sites adhere to.

So you are comparing sites where some central authority says you are fair (lobbying, bribery, interests) so you have to TRUST that authority and sites where every visitor can see for himself that it's fair (through the magic of math and hashing)?
I know which one I would choose.

No, it's called an independent, qualified auditor. Excluding certain games like Satoshi dice.

Doesn't matter how you call it, you have to trust 3rd party, not yourself.
And you have to trust that nothing changes since they audited.

Isn't much better to be right there in front of your eyes, the proof that every spin/draw is fair?
Say Hello to the innovation.......

That's why you do regular audits.

Ok, name a Bitcoin poker site that has the security and verifiable proof of fairness of a licensed Western gambling site.

So regular audits for you is better than being able to verify every spin in real time?


why it should be poker? just search for provably fair bitcoin casino/blackjack/poker/slot/whatever
I'm not going to do your research for you. As said all those can be verified that are fair in real time, you don't have to trust unknown party that does 2 audits per year

It's whole different magnitude of provable fairness, why you can't see the advantage of it?

Because poker is a hard game to make provably fair using Bitcoin. Name one. You don't have to do my research for me, it's for you. You're saying Bitcoin gambling sites compare in security/fairness to major gambling sites, the burden of proof is on you, not me.

Of course I can see the advantage of it, I can see the advantage of being able to fly by clicking my heels together, it doesn't mean I can do it.

[CryptoPanda]

In the bitcoin world if a gambling site isn't provably fair and transparent it doesn't stand much a chance.

Lol, I've yet to see a Bitcoin gambling site that even comes close to the provably fair requirements major gambling sites adhere to.

So you are comparing sites where some central authority says you are fair (lobbying, bribery, interests) so you have to TRUST that authority and sites where every visitor can see for himself that it's fair (through the magic of math and hashing)?
I know which one I would choose.

No, it's called an independent, qualified auditor. Excluding certain games like Satoshi dice.

Doesn't matter how you call it, you have to trust 3rd party, not yourself.
And you have to trust that nothing changes since they audited.

Isn't much better to be right there in front of your eyes, the proof that every spin/draw is fair?
Say Hello to the innovation.......

That's why you do regular audits.

Ok, name a Bitcoin poker site that has the security and verifiable proof of fairness of a licensed Western gambling site.

So regular audits for you is better than being able to verify every spin in real time?


why it should be poker? just search for provably fair bitcoin casino/blackjack/poker/slot/whatever
I'm not going to do your research for you. As said all those can be verified that are fair in real time, you don't have to trust unknown party that does 2 audits per year

It's whole different magnitude of provable fairness, why you can't see the advantage of it?

Because poker is a hard game to make provably fair using Bitcoin. Name one. You don't have to do my research for me, it's for you. You're saying Bitcoin gambling sites compare in security/fairness to major gambling sites, the burden of proof is on you, not me.

Of course I can see the advantage of it, I can see the advantage of being able to fly by clicking my heels together, it doesn't mean I can do it.

You said that no bitcoin CASINO can compare to audited ones, now we are narrowing down to just poker? So the rest can compare?
I'm not saying they compare, i'm saying they are much better.

It's actually obvious for anyone that's not ignorant, however, i have no interested to open your eyes to the obvious. Just tink a little about it. No need to answer again.

[eoJ]

You said that no bitcoin CASINO can compare to audited ones, now we are narrowing down to just poker? So the rest can compare?
I'm not saying they compare, i'm saying they are much better.

It's actually obvious for anyone that's not ignorant, however, i have no interested to open your eyes to the obvious. Just tink a little about it. No need to answer again.

Me narrowing it down to poker doesn't mean that I no longer include anything casino related, poker is just an easy one to choose.

If you feel like backing up your statement with a response to my question, let me know.

Or just continue with petty ad hominem, whatever.

[DannyHamilton]

CryptoPanda,

Please don't feed the trolls.

 

[eoJ]

Or just continue with petty ad hominem, whatever.

Thought that'd be the choice taken.

Carry on.

[CryptoPanda]

CryptoPanda,

Please don't feed the trolls.

 

This is the choice