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Author Topic: Bitcoin Lightning Coin Flip Telegram Bot - provably fair %0.5 house edge  (Read 162 times)
nakamura12
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May 28, 2022, 06:46:49 PM
 #21

The house edge is good and this is the first time I heard someone created a coinflip that is using telegram platform though I did see other gambling site uses different platform instead of creating its own website. I don't see any problem at all as long as it works fine or working correctly as stated. I like the idea addinf QR code as it could make deposit faster just by scanning the QR code. Welcome to Bitcointalk forum.

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Maus0728
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May 28, 2022, 08:19:14 PM
 #22

The house edge is good and this is the first time I heard someone created a coinflip that is using telegram platform though I did see other gambling site uses different platform instead of creating its own website. I don't see any problem at all as long as it works fine or working correctly as stated. I like the idea addinf QR code as it could make deposit faster just by scanning the QR code. Welcome to Bitcointalk forum.

I guess the only problem that might arose is the trustworthiness of this. If ever that the OP would make this one an Open-source project published on github then I think we'll all see how fair this would really be. I won't really dare to try it at first but if others would take the risk then I'll just wait for their insights. Nevertheless, this thread is still new. Let's wait for further days or weeks until this became either Opensourced or trusted by many. (open-sourcing it still creates a huge trust)

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khaled0111
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May 28, 2022, 11:52:46 PM
 #23

And since the server provides both seeds, then the game is not provably fair because those seeds could be tested before the runs to warrant a looser seed for the long run.

To make it a provably fair game, users should be able to change the client seed before the bet.
So you're saying the server could get a seed designed to only give "heads" or "tails"? That's possible, but if the server tries to cheat that way, you can also use it at your advantage so that makes it a risky game to play.
They can do it for the first of few first flips but they can't keep doing it forever because of the nonce which gets incremented after each flip.
The operator (server) can exploit this in their advantage if they can analyse the bettors gameplay.
Besides, why do they need to generate a client seed in first place if the client can't customize it!

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seoincorporation
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May 29, 2022, 04:32:13 PM
 #24

And since the server provides both seeds, then the game is not provably fair because those seeds could be tested before the runs to warrant a looser seed for the long run.

To make it a provably fair game, users should be able to change the client seed before the bet.
So you're saying the server could get a seed designed to only give "heads" or "tails"? That's possible, but if the server tries to cheat that way, you can also use it at your advantage so that makes it a risky game to play.

We can use it for our advantage but would be complex to survive in the long run with a seed that will win 150 flips from 500, if we push our luck we will find the point in the seed where 350 from 500 will win, But that would be a rude start.

It would be nice if OP could add a bet verification tool on his site and a page with full information about the bot.

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bittraffic
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May 29, 2022, 05:30:08 PM
 #25


Has anyone tried it?

I tried to see how it works. Although I have not deposit anything yet, it gave me a LN BTC address to deposit when I wrote
Code:
/deposit 1000000

It would really be cool to see some screenshots on how it worked. Quite a unique way of developing a game. Many of use however a skeptical of only telegram channel only.



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LoyceMobile
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May 29, 2022, 06:20:28 PM
 #26

It would really be cool to see some screenshots on how it worked. Quite a unique way of developing a game. Many of use however a skeptical of only telegram channel only.
Great idea, you should do it Smiley Install BlueWallet, get 15 sats from lightningnetworkstores.com's faucet, deposit to this Coin Flip Telegram Bot, and screenshot everything Smiley It only takes a fraction of a cent to test.

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