We are in the same way
provably-fair like gaming sites like SatoshiDice or others. We can not cheat without everybody knowing. This means not that SatoshiDice can not run with your winnings, right?
From our website
Provable Fair Gambling SiteThe hash of your sending transaction and a daily published secret determine the outcome of your payout.We concat your hash (txid) and our secret and hash it again and take the first 2 characters from the result. Following code explains how it works exactly.
payout_factor = sha256(txid + secret).substring(0,2)
The result is a number from 0 to 255 (in hex) and your payout factor in percent.
We generate each day a new secret and publish the old one so you can verify yourself the result.
Further we keep only max. the amount which is needed for the next payout in the bank. All payouts are fully automated. Our site lives from the fees.
The list can be found here:
http://www.bitcoin-gambling.club/fairnessAll our past games can be found here:
http://www.bitcoin-gambling.club/historyExample round where bank pays the one among the three last with the highest investment:
http://www.bitcoin-gambling.club/hourly/1423693800000Don't forget to add a 0.0001 Bitcoin network transaction fee otherwise we will send you your money back (minus 3%) fee. We need to enforce this because otherwise transactions will not confirm and other players will need to wait.
Guys, call it like you want but we are not a fraudulent ponzi scheme. We call it provably-fair and transparent investment game. Do the math. All numbers are public. This can't be bad for Bitcoin. There is nothing wrong with it. People will learn. Bad for Bitcoin is when scamers run away with money. For us there is little incentive to do so because the bank keeps only so much as needed to pay the next. This means that we are also not a likely target for hackers unlike other gambling sites. The Bitcoin Gambling Club (BGC) is simply the better way of gambling.Here is also a link to our FAQ:
http://www.bitcoin-gambling.club/faqOne more thing: When your payout is smaller than the Bitcoin network dust limit we can not pay you for technical reasons.