Viscore
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February 06, 2023, 07:56:15 PM |
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As far I know, provably fair technology in crypto gambling is simply the application of cryptography/hash functions onto an specific market or purpose, so one can verify the gambling results in a trust-less way. The theory behind it is not actually new.
I am not sure what the first platform that started this trend was, though.
Yes, it’s actually done through a robust encryption. This provably fair technology helps to create more game transparency and its game integrity that’s why crypto gambling has its constant feature of this provably fair technology. This is also the reason why these provably fair casinos are more reliable than those traditional online casinos as games have more assurance that they are not rigged and are very transparent.
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crzy
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February 06, 2023, 08:58:08 PM |
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Using Cryptocurrency like Bitcoin will warrant an open ledger transaction so this casinos have no choice but ti be fair to their clients. The Blockchain thanks to its innovation has forced crypto casinos to either remain fair or lose their reputation and this is why many reliable casino are emerging based on the technology.
I hope you know that there are some sites that do not care about reputation. Blockchain games are more interesting especially using Bitcoin to make many of our betting. It is very easier for us because we are out the stress from bank and the government trying to look into how we bets and how we spend our money Crypto casinos needs to protect their reputation or else they will be ignored by the gamblers and just look for the other options who are more trust worthy. This might not new technology but in crypto it is very important to know the fairness of the site and to know if they are claiming things right. Doing cryptography might not be so easy though, you need the data and a lot of time for this, not all gamblers cares about the fairness as long as they are playing on a reputable site.
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dezoel
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February 06, 2023, 09:28:03 PM |
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Using Cryptocurrency like Bitcoin will warrant an open ledger transaction so this casinos have no choice but ti be fair to their clients. The Blockchain thanks to its innovation has forced crypto casinos to either remain fair or lose their reputation and this is why many reliable casino are emerging based on the technology.
I hope you know that there are some sites that do not care about reputation. Blockchain games are more interesting especially using Bitcoin to make many of our betting. It is very easier for us because we are out the stress from bank and the government trying to look into how we bets and how we spend our money I think he already knows that, and that is why he said that "a casino must be fair or lose its reputation" but a casino can also lost its reputation in other ways and not through this provably technology only. This is why being observant in the movements of the casino that we are playing is a must so that we can take immediate actions before they pull the rug. Blockchain/crypto games can offer anonymity or freedom due to their decentralized nature but stress can still be felt once we can't accept our losses from playing the game. That mostly can occur if your goal in gambling is to solely make money but if you only play for fun then things can only go smoothly.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Ebede
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Join hands and help me to grow everybody...
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February 06, 2023, 09:32:19 PM |
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Using Cryptocurrency like Bitcoin will warrant an open ledger transaction so this casinos have no choice but ti be fair to their clients. The Blockchain thanks to its innovation has forced crypto casinos to either remain fair or lose their reputation and this is why many reliable casino are emerging based on the technology.
I hope you know that there are some sites that do not care about reputation. Blockchain games are more interesting especially using Bitcoin to make many of our betting. It is very easier for us because we are out the stress from bank and the government trying to look into how we bets and how we spend our money I want to tell you that those site that does not careful reputation when you take them very well he will know that those sites are not legit site and there are not reportable not everyone can recommend a qualified to you because any sites that have a reputation have total numbers of customers who patronize is them for any of their games or their products
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Dunamisx
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February 06, 2023, 09:54:55 PM |
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does provably fair technology exists specifically because of crypto gambling or is it something else? Yes they exist but not only because of crypto gambling they existed, though we have them in crypto gambling as well because every transactions happening is open on the distributed ledger which makes it more secured, any technology that is open, secured and does not involved a third party authorization is fare enough to use and trust just as we find with the crypto casinos today, online crypto gambling is is provably a fare technology we adopt in modern gambling today.
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Newlifebtc
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February 06, 2023, 10:36:28 PM |
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I don't even understand exactly what you are saying but I tried to think of if you are making a bunch of the technology used in gambling but I found it very difficult to the code exactly what you are saying I don't so for me it is difficult for me to decode everything for now
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Silberman
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February 07, 2023, 04:37:19 AM |
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Hello everyone. My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in. A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world. They have a great business model too, especially if it has been running for the amount of time it has. My question is, does provably fair technology exists specifically because of crypto gambling or is it something else? Thank you so much for answering <3 everyone, I learned a lot ! I am sure that there would have been similar mechanisms in places where it would have been required, personally I have only ever seen "provably fair" painted on bitcoin/cryptocurrency casinos though. I don't think even most fiat casinos offer this kind of reassurance to bet legitimacy. Whether or not all "provably fair" systems are completely honest and true is what I continually wonder every time I see the words. I suppose that is another topic though and something I can not comment on with certainty (no one can I suppose). I suppose fiat casinos do not need to add this for several reasons, most fiat gamblers would not know how to verify their bets to make sure they were not being cheated to begin with, also I suppose that on the early days of cryptocurrency casinos they operated without a license, maybe because they refused to obtain one or because it was impossible for them to get one at the time, but they still needed to show their customers their games were not rigged, and they developed this mechanism to corroborate the results, something unnecessary for fiat casinos as they hold licenses and their games are verified by government officials.
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klidex
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February 07, 2023, 05:00:55 AM |
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I think he already knows that, and that is why he said that "a casino must be fair or lose its reputation" but a casino can also lost its reputation in other ways and not through this provably technology only. This is why being observant in the movements of the casino that we are playing is a must so that we can take immediate actions before they pull the rug.
Because nowadays more and more casinos are popping up and competition between casinos is getting tougher, so it is certain and not surprising that every casino will maintain its good reputation through fair technology and provide even better service so that they still earn the trust of gamblers as a place to play or bet. . Even though there are several ways to get or maintain reputation, the main factor is to provide justice for every player and always prioritize the interests of the players because if these two factors are ignored, I'm sure they will lose to other casinos in gaining the trust of users at inside. So that we always get justice and satisfaction with the casino, choose the most reputable and most popular casino so that we are not disappointed when using the casino.
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piebeyb
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February 07, 2023, 05:52:28 AM |
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The provably fair technology actually make use of 3 things.... the Serverseed which is hashed (encrypted) and the Clientseed which is known to the gambler and which can be changed by the player on some sites and also the Nonce that increase with each bet, making sure that each bet can be unique and also be tracked. So for obvious reasons the Server seed are encrypted to protect the casino, but with the hashed server seed, you can determine if the process was scripted or if it was indeed a legitimate bet, with a variable outcome. even though it uses fair technology but sometimes the house will always win, it's been a question mark until now, I also don't care that they use this technology basically when playing I just have to control myself in playing wisely and seek luck in every game
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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danherbias07
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February 07, 2023, 10:41:27 AM |
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This will be hard to answer for those who had not yet experienced online casinos without cryptocurrencies as their options. We actually have the same start, freebitco.in was also where I do my faucets before and then gamble it for either the lottery or dice. I'll buy as many tickets that I could get, sadly I never won there but in dice, I got a special bonus for hitting the number "7" or "77" iirc.
Back to the point, I don't remember online casinos using provably fair before and I never actually heard it too. It was in the year that crypto gambling was booming when it came out. BitVest or Lucky777 might have the records of where it started.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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pixie85
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February 07, 2023, 12:42:58 PM |
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https://crypto.stackexchange.com/questions/767/how-to-fairly-select-a-random-number-for-a-game-without-trusting-a-third-partyThis is one of the first discussion about provably fair I was able to find. It's from September 2011. That should answer the question about the origins. I guess it came naturally as gambling sites wanted to have a proof of their transparency. even though it uses fair technology but sometimes the house will always win, it's been a question mark until now, I also don't care that they use this technology basically when playing I just have to control myself in playing wisely and seek luck in every game First of all, sometimes and always don't go along well. It's either this or that. Then we can address another problem which is that your whole post is incoherent and makes no sense. Stake is paying for that crap? Really? I don't even understand exactly what you are saying but I tried to think of if you are making a bunch of the technology used in gambling but I found it very difficult to the code exactly what you are saying I don't so for me it is difficult for me to decode everything for now
I thought that post was bad, but the more I read the responses in this thread it keeps getting worse...
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Yatsan
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February 07, 2023, 02:13:53 PM |
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The provably fair technology actually make use of 3 things.... the Serverseed which is hashed (encrypted) and the Clientseed which is known to the gambler and which can be changed by the player on some sites and also the Nonce that increase with each bet, making sure that each bet can be unique and also be tracked. So for obvious reasons the Server seed are encrypted to protect the casino, but with the hashed server seed, you can determine if the process was scripted or if it was indeed a legitimate bet, with a variable outcome. even though it uses fair technology but sometimes the house will always win, it's been a question mark until now, I also don't care that they use this technology basically when playing I just have to control myself in playing wisely and seek luck in every game A house cannot allow players alone to win, rest assured that they'd benefit from every action they would make on their platform. Also, as a casual gambler, would you mind seeking for such thing instead of putting your attention on how you would come up with win? https://crypto.stackexchange.com/questions/767/how-to-fairly-select-a-random-number-for-a-game-without-trusting-a-third-partyThis is one of the first discussion about provably fair I was able to find. It's from September 2011. That should answer the question about the origins. I guess it came naturally as gambling sites wanted to have a proof of their transparency. even though it uses fair technology but sometimes the house will always win, it's been a question mark until now, I also don't care that they use this technology basically when playing I just have to control myself in playing wisely and seek luck in every game First of all, sometimes and always don't go along well. It's either this or that. Then we can address another problem which is that your whole post is incoherent and makes no sense. Stake is paying for that crap? Really? I don't even understand exactly what you are saying but I tried to think of if you are making a bunch of the technology used in gambling but I found it very difficult to the code exactly what you are saying I don't so for me it is difficult for me to decode everything for now
I thought that post was bad, but the more I read the responses in this thread it keeps getting worse... Transparency is and would always be wuestioned on gambling sites and even on some lotteries simply because people are being somehow desperate of winning. I have no problem with it and I guess it would be better to just leave if you think a gambling platform is somehow doing a 'rig' on results. Fairness of a gambling site would be brought up with luck based games, which is on my opinion, even if it would cross the idea of this topic, better to engage with sportsbetting wherein results are close-ended.
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Hispo
Legendary
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Activity: 1204
Merit: 2135
Leading Crypto Sports Betting & Casino Platform
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February 07, 2023, 05:52:23 PM |
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As far I know, provably fair technology in crypto gambling is simply the application of cryptography/hash functions onto an specific market or purpose, so one can verify the gambling results in a trust-less way. The theory behind it is not actually new.
I am not sure what the first platform that started this trend was, though.
Yes, it’s actually done through a robust encryption. This provably fair technology helps to create more game transparency and its game integrity that’s why crypto gambling has its constant feature of this provably fair technology. This is also the reason why these provably fair casinos are more reliable than those traditional online casinos as games have more assurance that they are not rigged and are very transparent. I agree with you, of course. I just wished there was easier for the average gambler to understand and corroborate the integrity of their gambling results in a faster and more convenient way. Because, let us be honest, I doubt an important percentage of gamblers actually make use of the provably fair feature. I still struggle a bit to fully check results through hashes.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Accardo
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February 08, 2023, 03:12:43 PM |
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As far I know, provably fair technology in crypto gambling is simply the application of cryptography/hash functions onto an specific market or purpose, so one can verify the gambling results in a trust-less way. The theory behind it is not actually new.
I am not sure what the first platform that started this trend was, though.
Yes, it’s actually done through a robust encryption. This provably fair technology helps to create more game transparency and its game integrity that’s why crypto gambling has its constant feature of this provably fair technology. This is also the reason why these provably fair casinos are more reliable than those traditional online casinos as games have more assurance that they are not rigged and are very transparent. I agree with you, of course. I just wished there was easier for the average gambler to understand and corroborate the integrity of their gambling results in a faster and more convenient way. Because, let us be honest, I doubt an important percentage of gamblers actually make use of the provably fair feature. I still struggle a bit to fully check results through hashes. Because they assume that the probably fair feature is in place and the need of checking them is not necessary anymore. I'd say that those who can read the hashes are on a better side than the non tech savvy people who can't read the hashes. Now, I'd ask can a casino hide behind the claim of having a provably fair feature without applying such feature on their machines? Because, these days it seems like the house is in control of our wins, yet provably fair is boldy written on their TOS. Currently, few players can check for themselves if truly provably fair is available on the casino. Hence, it's not an easy to learn technique. So, it's kinda tricky.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Hispo
Legendary
Offline
Activity: 1204
Merit: 2135
Leading Crypto Sports Betting & Casino Platform
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February 09, 2023, 08:43:55 PM |
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As far I know, provably fair technology in crypto gambling is simply the application of cryptography/hash functions onto an specific market or purpose, so one can verify the gambling results in a trust-less way. The theory behind it is not actually new.
I am not sure what the first platform that started this trend was, though.
Yes, it’s actually done through a robust encryption. This provably fair technology helps to create more game transparency and its game integrity that’s why crypto gambling has its constant feature of this provably fair technology. This is also the reason why these provably fair casinos are more reliable than those traditional online casinos as games have more assurance that they are not rigged and are very transparent. I agree with you, of course. I just wished there was easier for the average gambler to understand and corroborate the integrity of their gambling results in a faster and more convenient way. Because, let us be honest, I doubt an important percentage of gamblers actually make use of the provably fair feature. I still struggle a bit to fully check results through hashes. Because they assume that the probably fair feature is in place and the need of checking them is not necessary anymore. I'd say that those who can read the hashes are on a better side than the non tech savvy people who can't read the hashes. Now, I'd ask can a casino hide behind the claim of having a provably fair feature without applying such feature on their machines? Because, these days it seems like the house is in control of our wins, yet provably fair is boldy written on their TOS. Currently, few players can check for themselves if truly provably fair is available on the casino. Hence, it's not an easy to learn technique. So, it's kinda tricky. I think that in those cases where there are a lot people using a service and way less people willing to check the integrity of the software is very similar to what we see with open source wallets. Thousands of people use them and few people check the software, but we can trust that most of the cases, as soon as someone finds a bug or error, it can be easily proven and communicated to the community and service provider, so it can be fixed for the good of the ecosystem as a whole. These instances are also supported by what the ToS of casino say about the provably fair features, as you mentioned.
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Casdinyard
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February 09, 2023, 10:14:53 PM |
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As far I know, provably fair technology in crypto gambling is simply the application of cryptography/hash functions onto an specific market or purpose, so one can verify the gambling results in a trust-less way. The theory behind it is not actually new.
I am not sure what the first platform that started this trend was, though.
I'm remembering one of my friends mentioned that Counter Strike: Global Offensive actually used this technology for one of their skin-gambling games. The CS:GO provably fair thing was actually controversial somehow but I don't remember why exactly. Something happened tho.
You nailed it mate and just to add a few things to what you already said, probably fair systems may not.be peculiar to cryptocurrency gambling alon and game harsh verifications may be fair from what a provably fair system is in practice. Thanks! It was a topic full of skepticism and more doubt because of the fact that these sites are still controlled by a central entity, so people who are none the wiser with how true provably fair works think that they are rigging the system to their favor at the expense of people's hard-earned skins and creds. The truth of the matter is I haven't really dug deep into the issue when it first came out but just like you guys, I was made aware of it because the term "provably fair" is not something that you would normally see outside the cryptocurrency industry. Maybe that's one of the reasons why it became so controversial at the time as well, back when trust for crypto is practically nonexistent due to multiple reports of newbies getting scammed and whatnot.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Silberman
Legendary
Offline
Activity: 2506
Merit: 1334
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February 10, 2023, 03:12:15 AM |
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It was a topic full of skepticism and more doubt because of the fact that these sites are still controlled by a central entity, so people who are none the wiser with how true provably fair works think that they are rigging the system to their favor at the expense of people's hard-earned skins and creds. The truth of the matter is I haven't really dug deep into the issue when it first came out but just like you guys, I was made aware of it because the term "provably fair" is not something that you would normally see outside the cryptocurrency industry. Maybe that's one of the reasons why it became so controversial at the time as well, back when trust for crypto is practically nonexistent due to multiple reports of newbies getting scammed and whatnot.
It could be argued that without a way to verify your results cryptocurrency casinos would not have made it far as there will always exist the doubt on the back of our minds if we are being cheated or not, but probably fair resolves this problem, and even if there are a few bad losers out there which claim they have been cheated by honest casinos in this way, it can be verified that this was not the case, and this increased the trust the community had on casinos and it let them grow to their current size.
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Finestream
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February 10, 2023, 12:38:11 PM |
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Hello everyone. My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in. A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world. They have a great business model too, especially if it has been running for the amount of time it has. My question is, does provably fair technology exists specifically because of crypto gambling or is it something else? Thank you so much for answering <3 everyone, I learned a lot ! Yes, it is only exclusive for crypto gambling by using robust encryption that will ensure the transparency and fairness of crypto games. Moreover, with provably fair technology, gamblers are discouraged to cheat unlike regular casinos wherein some games are obviously rigged that’s why some frustrated players are expected to cheat so they can recover their huge losses when they start playing.
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Peanutswar
Legendary
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Activity: 1540
Merit: 1058
Top Crypto Casino
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February 10, 2023, 03:20:37 PM |
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Most of the gambling casinos offer a good RTP and fair play to the players if this not might happen I guess the trust of the players will regret playing on that casino and of course to make it fair to the casino not all the players have the rights to win just a chance to have a good profit, that's the reason why some of the players seeking for the opportunity to have good perks once they play such as the deposit bonus, free spins, and rakeback still depends on the preferences of the players to make themselves feel fair to them.
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pawanjain
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February 10, 2023, 04:18:59 PM |
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Provably fair is basically an algorithm consisting of cryptography and hash functions to derive a number. Most of the gambling sites include 3 major elements into their provably fair algorithm which are server seed, client seed and nonce. Its known that provably fair is by far the best way to derive a random number. Its trusted by most of the gamblers in the community.
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