Bitcoin online gambling
Why do you need bitcoin to gamble online? you can simply play on BovadaQuote: JoeyCrapswhere is it and when can we start
Quote: AxelWolfWhy do you need bitcoin to gamble online? you can simply play on Bovada
You would be able to play anonymously with bitcoins.
Quote: JoeyCrapswhere is it and when can we start
Here's a new one joe No free advertising. If you want to advertise on this site then expect to pay. Members in good standing may plug their own product or service, with prior permission. However, "good standing" must be earned. Definitely don't post an ad in your very first message! . Its something like a variation of the old game Rock, Paper, Scissor.... Just check it out. house only takes 2% edge in single player: 10% on draws which happen 1/5 times on average = 2% edge. Multiplayer is only 0.5% take from each player (0 house edge). 3% house edge on single player. 10% draw take promo just ended. Goodluck
Quote: JoeyCrapswhere is it and when can we start
You posted this under craps. just-dice.com has a low 1% house edge in BC, but it's not craps.
hmmmm
Quote: blog post 12 Dec 2013You're telling me! I first had the idea of making Just-Dice about a year before I started coding it, but put it off because I couldn't find a way that I could prove I wasn't cheating the investors. I have access to the server, you see, which lets me see the "server seed", which lets me know what number I'm going to roll next, which lets me win any bet I want to win, at the investors' expense. I don't, and won't, but they don't know that. And so why would anyone invest? And so why make the site?
Eventually I gave up on trying to find a solution, and just created the site anyway, not expecting much to happen. But it took off, and almost immediately there were thousands of bitcoins invested.
I think that post is interesting. The owner of the bitcoin gambling site is saying he could easily cheat, but he would never do that. There is no controls on him except his own honesty.
It's a very refreshing viewpoint.
If you think of all the investments where there are supposed to be all these controls, but people find a way around them, then you come upon a site where the owner says he could easily cheat if he was dishonest, and people invest anyway.
Quote: pacomartinYou posted this under craps. just-dice.com has a low 1% house edge in BC, but it's not craps.
Ooops! Sorry I thought he was looking for any bitcoin gambling site..
It is?Quote: pacomartinQuote: blog post 12 Dec 2013You're telling me! I first had the idea of making Just-Dice about a year before I started coding it, but put it off because I couldn't find a way that I could prove I wasn't cheating the investors. I have access to the server, you see, which lets me see the "server seed", which lets me know what number I'm going to roll next, which lets me win any bet I want to win, at the investors' expense. I don't, and won't, but they don't know that. And so why would anyone invest? And so why make the site?
Eventually I gave up on trying to find a solution, and just created the site anyway, not expecting much to happen. But it took off, and almost immediately there were thousands of bitcoins invested.
I think that post is interesting. The owner of the bitcoin gambling site is saying he could easily cheat, but he would never do that. There is no controls on him except his own honesty.
It's a very refreshing viewpoint.
Quote: AxelWolfIt is?Quote: pacomartinIt's a very refreshing viewpoint.
I think so. Instead of a lengthy document about controls and auditors and double blinds, he simply says if you invest your bitcoins here, you must trust my integrity.
The site has been open a year, but a month after launch a big player come and take the site's profits negative. Naturally some people though he was masquerading as a big player and draining his own bank. But people trusted him and kept investing.
So investors that stayed with the site for the whole year made 43% profit in bitcoins, and bitcoins have increased in value by 600% relative to the US dollars.
The three top investors on last report (8 June 2014) are $3.529 million, $1.744 million and $1.455 million, and total investment is $30.661 million.
