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Author Topic: ▂▃▅▆█ BITSLER █▆▅▃▂ INVEST  (Read 1718 times)
TheBitcoinStrip.com
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February 13, 2017, 10:58:36 AM
 #21

However, as long as you do not try to cheat the system, I think it is still provably fair enough for the investors to put their money in your bankroll

It's not provably fair though, on the investor's side. And it's not trustless.

It would be very cool if it was.

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February 13, 2017, 04:17:41 PM
 #22

Was excited about the fact that:

I think the coolest part about it, is you don't necessarily have to match an investor with a gambler. But you can match gamblers with gamblers. For example if I was willing to bet 1 BTC @ 2x and Bob was willing to bet 1 BTC @ 2x, and both willing to pay a 1% house edge. The casino could match the two bets, and take a risk-free expected value of 0.02 BTC.

Or someone could put in "order" to do a 100 BTC gamble with 0 house edge, etc. I think it'd be pretty cool to just operate it like a bet exchange, taking and matching orders.

The part I don't like, and is dealing with the edge cases around disconnecting. e.g. where one party doesn't or can't or won't reveal the seed that created their hash. You'd probably have to do something like they have X period of time to reconnect and provide it, or the bet is decided against them. But it's going to be a pretty bad user experience for anyone when that happens, and you'd likely need a ban or reputation system to ban gamblers/investors who did that too often.



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February 13, 2017, 04:39:00 PM
 #23

Hi Baryom.

Hello,

It's been several months since our team is thinking  about opening Bitsler.com for investments.  The goal is to be able to provide a much higher max bet than 10 or 20 BTC, something like 100-150 BTC.  However, our major concern  is  the FAIRNESS.  Indeed, it is easy for people with an access to the server to create an account and make it win. I don't tell that other online casinos who are opened for investments already did it , not at all.   I am just trying to say that it could be done by them, so  the investors will never find out about it.
I could give my money to people like Dooglus or Dean without any hesitation or fear. But even if your investment was profitable,  you will never know if the owner cheated on you (Let's take an example of the casino that made :  +100 BTC profit .  Its' owner may create an account and win 25 BTC.  Even if you are still in profit : +75 BTC, you have been cheated on and your profit has been decreased). And this is a big problem for us, especially when we are talking about a big amount of money.

We all know, that Provably Fair System exists for relations between players and casino. But after doing some research, we didn't find a provably fair system for relations between  the investors and casino.  I know that Dooglus thought about a system like that in the past (someone wrote it in a topic).

Is there someone who has an idea of how to provide (create) a provably fair system for relations between the investors and casino ?

Thanks

Are you gonna be doing the same "kelly" as Dean of Betking.

https://bitcointalk.org/index.php?topic=910134.msg10012831#msg10012831

It should be a gentlemen's agreement. And have midmans, not just one.

Yeh, my idea was only "fair by audit" and not "provably fair" (so it only works if investors trust that the auditor is not colluding with the site owner.) I actually made a diagram of that too some time ago:




Auditors would be better don't you think?




BITVEST DICE
HAS BEEN RELEASED!


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Rainbot
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February 13, 2017, 06:58:18 PM
 #24

I see it looks good, hopefully in the future will continue like this and it looks even better. Smiley

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February 18, 2017, 06:37:32 PM
 #25

I think the key point is the server. You must somehow create a program that is running on the server and send everything to an outside recording device.

There is usually no control what happens on the server and the operator can easily manipulate. A good example is Satoshidice:

Satoshidice scam, 500+ Bitcoins defrauded and disappeared!

BitCasino scam - Victim cheats Game Protect for 20 Bitcoin! Donations are welcome.
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July 23, 2017, 11:26:21 PM
 #26

Hello,

It's been several months since our team is thinking  about opening Bitsler.com for investments.  The goal is to be able to provide a much higher max bet than 10 or 20 BTC, something like 100-150 BTC.  However, our major concern  is  the FAIRNESS.  Indeed, it is easy for people with an access to the server to create an account and make it win. I don't tell that other online casinos who are opened for investments already did it , not at all.   I am just trying to say that it could be done by them, so  the investors will never find out about it.
I could give my money to people like Dooglus or Dean without any hesitation or fear. But even if your investment was profitable,  you will never know if the owner cheated on you (Let's take an example of the casino that made :  +100 BTC profit .  Its' owner may create an account and win 25 BTC.  Even if you are still in profit : +75 BTC, you have been cheated on and your profit has been decreased). And this is a big problem for us, especially when we are talking about a big amount of money.

We all know, that Provably Fair System exists for relations between players and casino. But after doing some research, we didn't find a provably fair system for relations between  the investors and casino.  I know that Dooglus thought about a system like that in the past (someone wrote it in a topic).

Is there someone who has an idea of how to provide (create) a provably fair system for relations between the investors and casino ?

Thanks

THIS POST IS ABSOLUTE PROOF THAT PROVABLY FAIR IS A SCAM
THE SERVER HAS CONTROL OVER WINS AND LOSSES NOT THE DICE  or any random num gen. thank you for confirming you are a crook

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July 23, 2017, 11:53:21 PM
 #27

Is there someone who has an idea of how to provide (create) a provably fair system for relations between the investors and casino ?

Thanks

THIS POST IS ABSOLUTE PROOF THAT PROVABLY FAIR IS A SCAM
THE SERVER HAS CONTROL OVER WINS AND LOSSES NOT THE DICE  or any random num gen. thank you for confirming you are a crook


Thank you for proving that you're an idiot that can not read.
1) necropost
2) Baryom is asking for a provably fair system between investors and the casino, not between gamblers & the casino. The provably fair system on their site is functional and existent but he is asking for a way to prove that the site is not fooling future investors by manipulating the bankroll.

You have a real problem with provably fair mechanisms, don't you?

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