Hello,
It's been several months since our team is thinking about opening Bitsler.com for investments. The goal is to be able to provide a much higher max bet than 10 or 20 BTC, something like 100-150 BTC. However, our major concern is the FAIRNESS. Indeed, it is easy for people with an access to the server to create an account and make it win. I don't tell that other online casinos who are opened for investments already did it , not at all. I am just trying to say that it could be done by them, so the investors will never find out about it.
I could give my money to people like Dooglus or Dean without any hesitation or fear. But even if your investment was profitable, you will never know if the owner cheated on you (Let's take an example of the casino that made : +100 BTC profit . Its' owner may create an account and win 25 BTC. Even if you are still in profit : +75 BTC, you have been cheated on and your profit has been decreased). And this is a big problem for us, especially when we are talking about a big amount of money.
We all know, that Provably Fair System exists for relations between players and casino. But after doing some research, we didn't find a provably fair system for relations between the investors and casino. I know that Dooglus thought about a system like that in the past (someone wrote it in a topic).
Is there someone who has an idea of how to provide (create) a provably fair system for relations between the investors and casino ?
Thanks
It's been several months since our team is thinking about opening Bitsler.com for investments. The goal is to be able to provide a much higher max bet than 10 or 20 BTC, something like 100-150 BTC. However, our major concern is the FAIRNESS. Indeed, it is easy for people with an access to the server to create an account and make it win. I don't tell that other online casinos who are opened for investments already did it , not at all. I am just trying to say that it could be done by them, so the investors will never find out about it.
I could give my money to people like Dooglus or Dean without any hesitation or fear. But even if your investment was profitable, you will never know if the owner cheated on you (Let's take an example of the casino that made : +100 BTC profit . Its' owner may create an account and win 25 BTC. Even if you are still in profit : +75 BTC, you have been cheated on and your profit has been decreased). And this is a big problem for us, especially when we are talking about a big amount of money.
We all know, that Provably Fair System exists for relations between players and casino. But after doing some research, we didn't find a provably fair system for relations between the investors and casino. I know that Dooglus thought about a system like that in the past (someone wrote it in a topic).
Is there someone who has an idea of how to provide (create) a provably fair system for relations between the investors and casino ?
Thanks
Thanks for the vouch there.
There's not really any great solution to the problem. Dooglus, NLNico, me and some other people in the forum have proposed or looked in to methods before but nothing was really great. Most ideas involve extra servers and would make betting a lot slower for players.
The best option investors have is to invest only what they can afford to lose in people/sites they feel won't cheat them. Options are usually slim
An investment option could be good for you as you get to cater to whales who bet big.
I've actually just divested from a bunch of sites because I like to have total control of my coins and don't want the stress of worrying if a player on a site has found a way to cheat of if the owners are just winning themselves. Note that I'm not accusing any sites of doing this, but I just prefer to not have to worry about it.