Bitcoin Forum
December 04, 2016, 06:30:33 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 [55] 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 ... 254 »
  Print  
Author Topic: SatoshiDICE.com - The World's Most Popular Bitcoin Game  (Read 398471 times)
Matthew N. Wright
Untrustworthy
Hero Member
*****
Offline Offline

Activity: 588


Hero VIP ultra official trusted super staff puppet


View Profile
January 24, 2013, 09:30:10 PM
 #1081

That would mean the casino is essentially gambling with its own funds in my eyes. It would have to hope that the $ value goes up enough to cover the amount that was "destroyed" in the first place, you also would have problems with transparency and showing people how you are "destroying" the coins and not just keeping them.

Could be as easy as publicly sending to a black hole address. This is a silly idea just the same.

1480876234
Hero Member
*
Offline Offline

Posts: 1480876234

View Profile Personal Message (Offline)

Ignore
1480876234
Reply with quote  #2

1480876234
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480876234
Hero Member
*
Offline Offline

Posts: 1480876234

View Profile Personal Message (Offline)

Ignore
1480876234
Reply with quote  #2

1480876234
Report to moderator
dooglus
Legendary
*
Offline Offline

Activity: 1988



View Profile
January 24, 2013, 09:38:56 PM
 #1082

I wonder if there could be a Satoshi Dice game where the casino destroys a portion of the coins it earns, thus increasing the $ value of the coins in its pocket.

Destroying part of your assets never increases your net worth.

you also would have problems with transparency and showing people how you are "destroying" the coins and not just keeping them.

There's no private key for public key 0, so sending coins directly to that public key would mean they were destroyed.

Tomatocage
Legendary
*
Offline Offline

Activity: 1526

brb keeping up with the Kardashians


View Profile
January 24, 2013, 10:17:31 PM
 #1083

A "Martingale" is a failure betting fallacy, and a casino can only hope for players so stupid. It will result in a player going bust far quicker than the casino.

I can believe this.  I played over a thousand rolls this past week alone in the 50% bracket. I always start out with .05 BTC, and I've gone on  7x losing streaks (Lose .05 -> .10 -> .20 -> .40 -> .80 -> 1.60 -> 3.20) about a half dozen times. However, after looking at my trade history, I've NEVER gone beyond 5 straight wins, ever. 50% my ass.

THIS SPOT FOR RENT* | GPG ID: 4880D85C | 1% Escrow | 8% IPO/ICO Escrow services Temporarily Closed | Bitcointalk is the ONLY place where I use this name (No Skype/IRC/YIM/AIM/etc) | 13CsmTqGNwvFXb7tD9yFvJcEYCDTB8wQTS | Beware of these SCAM sites! | *Sponsored Link
evoorhees
Legendary
*
Offline Offline

Activity: 994


Democracy is the original 51% attack


View Profile
January 25, 2013, 04:28:44 AM
 #1084

A "Martingale" is a failure betting fallacy, and a casino can only hope for players so stupid. It will result in a player going bust far quicker than the casino.

I can believe this.  I played over a thousand rolls this past week alone in the 50% bracket. I always start out with .05 BTC, and I've gone on  7x losing streaks (Lose .05 -> .10 -> .20 -> .40 -> .80 -> 1.60 -> 3.20) about a half dozen times. However, after looking at my trade history, I've NEVER gone beyond 5 straight wins, ever. 50% my ass.

You are welcome to verify each and every bet using the verification method described on the site.  Smarter people than me can tell you why that's legitimate.

I also welcome you to do a scan of the 50% bets that have ever occurred, and see if the results are significantly off from what they should be.

I'm not trying to belittle your pain, I feel you. Lost lots of money on the Sex and the City slot machines in vegas last week Sad  (true story)

Tomatocage
Legendary
*
Offline Offline

Activity: 1526

brb keeping up with the Kardashians


View Profile
January 25, 2013, 07:08:35 AM
 #1085

Yeah that's just me talking out my ass because I hit a string of bad luck.  1K trades is probably too small a sample to get a realistic idea of how the cookie is crumbling.  Time to play some more and report back!

THIS SPOT FOR RENT* | GPG ID: 4880D85C | 1% Escrow | 8% IPO/ICO Escrow services Temporarily Closed | Bitcointalk is the ONLY place where I use this name (No Skype/IRC/YIM/AIM/etc) | 13CsmTqGNwvFXb7tD9yFvJcEYCDTB8wQTS | Beware of these SCAM sites! | *Sponsored Link
dooglus
Legendary
*
Offline Offline

Activity: 1988



View Profile
January 25, 2013, 07:26:20 AM
 #1086

Yeah that's just me talking out my ass because I hit a string of bad luck.  1K trades is probably too small a sample to get a realistic idea of how the cookie is crumbling.  Time to play some more and report back!

But 1000 bets should be enough to get at least one run of 5 wins in a row.

Incidentally, there had been 203928 winning bets and 204356 losing bets on "lessthan 32768" last time I counted.  That's 49.948% of them winning, which is really pretty close to 50%.

mem
Hero Member
*****
Offline Offline

Activity: 644


Herp Derp PTY LTD


View Profile
January 25, 2013, 07:32:20 AM
 #1087

A "Martingale" is a failure betting fallacy, and a casino can only hope for players so stupid. It will result in a player going bust far quicker than the casino.

I can believe this.  I played over a thousand rolls this past week alone in the 50% bracket. I always start out with .05 BTC, and I've gone on  7x losing streaks (Lose .05 -> .10 -> .20 -> .40 -> .80 -> 1.60 -> 3.20) about a half dozen times. However, after looking at my trade history, I've NEVER gone beyond 5 straight wins, ever. 50% my ass.

I believe you can select secrets that appear to have a lean, my own simulations definitely suggest this is possible.

Its as simple as generating secret, generating each result for the last 10 million bet txid and working out the distribution.  
If numbers are on average higher than 32768 then its a keeper, if the number is not then you generate another and repeat until you do get a secret that leans the resulting hash the way you want.

Given that the SatoshiDice game you simply have to get a number lower than the number bet on it is easy to take advantage of this.
It does seem if you use a map that spreads out the results (ie even numbers win) it seems it is harder/ impossible to achieve.

Were a bitcoin casino to do this Id still argue that it is not cheating as it is not guaranteed, eg you may have a string of txid's that all pull low results despite the secrets lean.

MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
January 25, 2013, 08:18:44 AM
 #1088

I wonder if there could be a Satoshi Dice game where the casino destroys a portion of the coins it earns, thus increasing the $ value of the coins in its pocket.

Destroying part of your assets never increases your net worth.

you also would have problems with transparency and showing people how you are "destroying" the coins and not just keeping them.

There's no private key for public key 0, so sending coins directly to that public key would mean they were destroyed.

It's strange that the subhuman hordes never seem to figure this out. How hard can it be, seriously?

Quote
One of the strangest freaks of this meeting, was an address to a collection of Democrats by Alexander Ming, Jr. He forgot all about the object of the meeting, and being a strong Bentonian, launched out into the currency question, attributing all the evils of the Republic, past, present, and to come, to the issue of bank notes; and advising his hearers to refuse to take the trash altogether, and receive nothing but specie. This was the more comical, as not one out of ten of the poor wretches he addressed had the chance to refuse either. Half starving, they would have been glad to receive anything in the shape of money that would help them through the hard winter. Yet when Mr. Ming offered a resolution, proposing a memorial to the Legislature, requiring a law to be passed, forbidding any bank to issue a note under the denomination of a hundred dollars, the deluded people, who had been listening with gaping mouths, rent the air with acclamations. It was a curious exhibition of the wisdom of the sovereign people this verdict of a ragged mob on the currency question. They were so delighted with this lucid exposition of the cause of the scarcity of flour, that they seized the orator bodily, and elevating him on their shoulders, bore him across the street to Tammany Hall, where something beside specie was received from behind the bar to reward their devotion.

That's from the Flour Riots of 1837, yet another attempt by "the people" to improve market conditions by commodity destruction.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
January 25, 2013, 08:19:48 AM
 #1089

I'm not trying to belittle your pain, I feel you. Lost lots of money on the Sex and the City slot machines in vegas last week   (true story)

Well hopefully you've learned your lesson there. Sex and the City is teh suck.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
kokojie
Legendary
*
Offline Offline

Activity: 1498



View Profile WWW
January 25, 2013, 02:52:27 PM
 #1090

There are quite a few dice sites, but many of them try to do things different, and just end up to be more complex and unfamiliar for me to try.

Also many of them have TINY max bets, I'm talking about 1-10 BTC max bets, which is a joke.

Then there's the other concern of unknown operator, versus Eric who is well known around here.

If my post has been helpful, send me some love -> BTC: 1kokojUapmWqCqPw3Ch2rjcVh57tJEzka | PPC: PDyXAgA8eH47gokVW6zVZPSuu15aao5nZF | Bitshares: kokojie
My reputation
Carnth
Hero Member
*****
Offline Offline

Activity: 634



View Profile
January 25, 2013, 02:53:37 PM
 #1091

I'm not trying to belittle your pain, I feel you. Lost lots of money on the Sex and the City slot machines in vegas last week Sad  (true story)

Hmm... I would have thought you more of a table games guy. Blackjack and craps especially.  *shrugs*
kokojie
Legendary
*
Offline Offline

Activity: 1498



View Profile WWW
January 25, 2013, 02:57:09 PM
 #1092

How come there aren't like... five million copycat sites of this yet?  All I can think of is BTCDice and it doesn't even seem to work?
I think because it actually is harder to get it right than it seems. You need a deep understanding of the bitcoin protocol as most of the stuff you have to do is beyond the capabilites of the standard client. Besides BTCDice if I remember correctly I think there were one or two additional 1:1 copies that also went down quickly. And SDice will have forever the first-mover advantage, so any 1:1 copy will have a very hard time.

If you want to compete with SDice you have to differentiate, not just copy (which is what I am trying with bitbattle.me Wink).

Actually I don't think there's much of a first mover advantage, if a site copied SDice exactly (actually I prefer the old SDice interface, so copy that please), with a well known operator, has reasonable max bet (minimum 200 BTC at the top), and a slightly less house edge (like 1.7%). I'd switch to the new site in a heart beat.

If my post has been helpful, send me some love -> BTC: 1kokojUapmWqCqPw3Ch2rjcVh57tJEzka | PPC: PDyXAgA8eH47gokVW6zVZPSuu15aao5nZF | Bitshares: kokojie
My reputation
Monster Tent
Full Member
***
Offline Offline

Activity: 238



View Profile
January 25, 2013, 03:06:12 PM
 #1093

I wonder if there could be a Satoshi Dice game where the casino destroys a portion of the coins it earns, thus increasing the $ value of the coins in its pocket.

Why not send them to Satoshi's address then they would really be satoshi dice.

evoorhees
Legendary
*
Offline Offline

Activity: 994


Democracy is the original 51% attack


View Profile
January 25, 2013, 03:53:45 PM
 #1094

How come there aren't like... five million copycat sites of this yet?  All I can think of is BTCDice and it doesn't even seem to work?
I think because it actually is harder to get it right than it seems. You need a deep understanding of the bitcoin protocol as most of the stuff you have to do is beyond the capabilites of the standard client. Besides BTCDice if I remember correctly I think there were one or two additional 1:1 copies that also went down quickly. And SDice will have forever the first-mover advantage, so any 1:1 copy will have a very hard time.

If you want to compete with SDice you have to differentiate, not just copy (which is what I am trying with bitbattle.me Wink).

Actually I don't think there's much of a first mover advantage, if a site copied SDice exactly (actually I prefer the old SDice interface, so copy that please), with a well known operator, has reasonable max bet (minimum 200 BTC at the top), and a slightly less house edge (like 1.7%). I'd switch to the new site in a heart beat.

Reducing the house edge, even down to something like 1.7%, adds significant new volatility risk for the house. Combine it with high max bets, and the house is liable to go bankrupt unless it has a very large bankroll.
Grouver (BtcBalance)
Hero Member
*****
Offline Offline

Activity: 530



View Profile WWW
January 26, 2013, 01:19:10 PM
 #1095

Hmmmmm
http://www.downforeveryoneorjustme.com/www.satoshidice.com

Charles Bass
Member
**
Offline Offline

Activity: 94


Owner of Empire Hotels


View Profile
January 26, 2013, 01:26:31 PM
 #1096


Yes dice is Down...

Auf der Suche nach einem neuem Fahrradschloss?
http://www.fahrradschloss24.de das Fahrradschloss Vergleichs-Portal!
nelisky
Legendary
*
Offline Offline

Activity: 1554


View Profile
January 26, 2013, 01:31:54 PM
 #1097

How come there aren't like... five million copycat sites of this yet?  All I can think of is BTCDice and it doesn't even seem to work?
I think because it actually is harder to get it right than it seems. You need a deep understanding of the bitcoin protocol as most of the stuff you have to do is beyond the capabilites of the standard client. Besides BTCDice if I remember correctly I think there were one or two additional 1:1 copies that also went down quickly. And SDice will have forever the first-mover advantage, so any 1:1 copy will have a very hard time.

If you want to compete with SDice you have to differentiate, not just copy (which is what I am trying with bitbattle.me Wink).

Actually I don't think there's much of a first mover advantage, if a site copied SDice exactly (actually I prefer the old SDice interface, so copy that please), with a well known operator, has reasonable max bet (minimum 200 BTC at the top), and a slightly less house edge (like 1.7%). I'd switch to the new site in a heart beat.

There is one which is not a copy but an extrapolation based upon the basic principles of SD. The win cap is low because it has had only limited action and the code was maturing and the operator is an old forum member. I'm not saying what it is to avoid the shameless plug...
TradeFortress
VIP
Legendary
*
Offline Offline

Activity: 910


View Profile
January 26, 2013, 01:38:48 PM
 #1098

SatoahiDICE IS DOWN! Everyone sell your shares of s.dice Wink
evoorhees
Legendary
*
Offline Offline

Activity: 994


Democracy is the original 51% attack


View Profile
January 26, 2013, 05:02:46 PM
 #1099

SatoahiDICE IS DOWN! Everyone sell your shares of s.dice Wink

Not sure why it was down. Just went back up for me but am monitoring it now.
BRules
Sr. Member
****
Offline Offline

Activity: 293


View Profile
January 26, 2013, 05:06:12 PM
 #1100

I still can't connect to it

Pages: « 1 ... 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 [55] 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 ... 254 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!