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Author Topic: Lottery guy bets entire BTC fortune and ... loses? :)  (Read 5791 times)
bitlotto
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June 26, 2011, 08:33:05 AM
 #81

How can everyone here continue to side with BitLotto? It's been clearly proven that there is a flaw without an escrow service.
Cause I'm nice?  Wink Yes, I agree escrow is a small flaw. That doesn't make it so I can manipulate who wins though. I also explain that escrow just moves the trust and adds another person that needs to be trusted. No matter what, someone has to be trusted. With time I hope to prove that it can be me. Whoever has access to the money can be a flight risk. I hope that earlier in this thread I explained well why I would be crazy to do that and because of that I intend on operating an honest lottery as long as people play. 

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Sukrim
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June 26, 2011, 09:21:14 AM
 #82

How can everyone here continue to side with BitLotto? It's been clearly proven that there is a flaw without an escrow service.
Any escrow service could also do exactly the same "trick" (running with the money) and even additionally has to trust the operator of bitlotto that he provides correct data in the first place.

Even if someone (like the operator) writes an Open Source program and publishes that, he chould still run a modified version in secret, and I'm not sure how feasible/possible it is to proove via a remte connection that you are ONLY running a certain piece of code. In the end you have to trust someone, if you hand over money and the approach of extending that trust over not too many people is a good one in my opinion. If you don't agree, you can do something else as well than play a lottery! Wink

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twobits
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June 26, 2011, 02:22:08 PM
 #83

How can everyone here continue to side with BitLotto? It's been clearly proven that there is a flaw without an escrow service.

Because it has not been clearly proven at all, and saying it has been while good nlp does not make it so.

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June 26, 2011, 03:55:40 PM
 #84

How can everyone here continue to side with BitLotto? It's been clearly proven that there is a flaw without an escrow service.

Because it has not been clearly proven at all, and saying it has been while good nlp does not make it so.


Clearly proven that it's a flaw, yes, that it will be a problem no. In terms of the chain of trust it is most definitely a gap, obviously an escrow service or anyone lese is only as good as the reputation they have, an established escrow service should have more trust because it's what they do.

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