Post
Topic
Board Gambling
Re: Greetings from the new 🌟🌟MoneyPot🌟🌟 staff
by
erwin45hacked
on 07/12/2015, 13:12:19 UTC
Although the funds at PRC never had any issue since the beginning, you have a shady behaviour at the past and of course arrogant attitude . Not sure how the other team trust with you only holding key to the funds but I do hope history in the past doesnt repeat ( although I personally want atleast 2-3 signature for the funds )

2-of-3 multisig doesn't help you if the holder of the server seeds is corrupt because he can use the server seeds to win the majority of the bankroll and then the other multisig key holders have no choice but to allow him to withdraw the coins.

Ultimately, the server "knows" what rolls are coming up, and so the guy with access to the server also knows, and can abuse that knowledge. It's crucial that the investors trust everyone with server access.

I kinda forgot about this thing before you mentioned it


2-of-3 multisig doesn't help you if the holder of the server seeds is corrupt because he can use the server seeds to win the majority of the bankroll and then the other multisig key holders have no choice but to allow him to withdraw the coins.

Ultimately, the server "knows" what rolls are coming up, and so the guy with access to the server also knows, and can abuse that knowledge. It's crucial that the investors trust everyone with server access.

are you saying that there is no 100% bullet proof solution to secure the investors coins? IMO this would surprise many investors because many investors believe that their only risk is the person they trust their coins/investment will run away with the coins

In other words we cant have a perfect solution to this and it is not a secret anymore that the holder of the server secret will have access to the "funds" in other words he can win since he knows the upcoming roll , doesnt really matter whoever holding the funds