Post
Topic
Board Gambling
Re: [Chain Game] Coin Controller ~~ easy to play, provably fair!
by
SlickTheNick
on 25/03/2014, 03:33:41 UTC
this game and all chain games are not provably fair.

This game is basically a scam, it is not considered gambling.
The results you see are provable yes, but the game is not provably fair.

Basically these scams work like so:

1) You can by 1 magnificent turd for 0.01 BTC, look at how the stink lines rise and  the flies hover. 
2) Derp derp derpity do, you just gave us money, now the turd stinks even more and costs 0.02 BTC for the next sucker to buy it.
3) Oh no, where you the only last human to play this game (all other bets are run by bots controlled by site owner).
4) Oh noooooo, the timer reset - after a busy day of bots players pushing the price up it magically stopped with you.



im going to guess you did not bother reading up anything on how the site works at all? Your argument says absolutely nothing. All money that is sent to the site with the exception of the money played first in the chain is immediately paid out to whoever the previous player was. Even on the first turn, the money is either refunded if no one ends up playing after X amount of time, or it ends up getting paid out. Yes, I do take a cut out of the money that gets passed back and forth, but if I didnt then what would be the point in running the website? Half of that cut is also used to pay affiliate advertisers and fund the jackpot.

There is no timer that resets. If you start a game off and no one plays, you get your money back. If someone else does play and the chain is started, and then everyone stops playing for multiple days, then all that happens is your bet value is lowered a bit every 12 hours until somebody buys in again, so you will always get at least something back.

The game can be randomly reset by your bet though (which is the part that is provably fair), which is where the gambling aspect comes in to play (besides hoping someone else will buy in). Otherwise the prices would just keep going up and it would grind to a halt.

Or in other words...

THIS GUY HAS NO IDEA WHAT HE IS TALKING ABOUT AND MY TEXT IS BIGGER