Post
Topic
Board Gambling
Re: The Rise of Crypto Gambling: What You Need to Know
by
summonerrk
on 24/07/2023, 01:04:07 UTC
1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.
I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

He doesn't understand himself either... I am pretty sure about that. There's something about provably fair games (in-house games that can be verified by the third party), but winning probabilities for slots and some live games depend on the provider, and their RTP is usually visible, but we can't verify our bets. I guess he mixed up those two... somehow, some way.

What kind of toxic attacks on me are you doing here?

We will consider what I meant by the example of a cryptocasino TrueFlip:
Phrases from how the project positions itself:

TrueFlip uses blockchain technology to verify its lottery and guarantees the absence of any interference from developers or any other entity.  

The system automatically converts each payment into bitcoin and transfers the funds to the lottery prize fund. The prize fund of the platform is transparent and always open for viewing due to blockchain technology and is 60% of the ticket price. (For more information on the distribution of ticket revenue, see In the "Business model" section).  

TrueFlip offers a transparent business model for TFL token holders. Every ticket sold, winnings, withdrawals, bonuses and operating expenses will be open to each TFL token holder and recorded on the blockchain, so it will not change.


In these phrases, everything is clearly described, exactly as I described it earlier.
Guys, if one of you does not know about such casinos, it does not mean that they do not exist, and you can try to self-sacrifice and talk nonsense.