Post
Topic
Board Gambling
Merits 1 from 1 user
Re: MoneyPot - Crash with the lowest house edge
by
husseinhere
on 22/08/2023, 18:15:06 UTC
⭐ Merited by hopenotlate (1)
if I get them correctly, they launched just recently (just 12 days after the creation of your account here, likely just a coincidence) : are you affiliated in some way with their business? And are you aware of other gambling sites using their services?
Asking because not having am IT background am not able to properly read their API documentations by myself and am just trying to get a general idea.

Hi hopenotlate,

To answer your question directly, I am dealing with MoneyPot at arms-length. And there are other casinos who are testing out ProvablyHonest services, but likely will not launch with it for at least another 6 months.  ProvablyHonest has been in development for quite a long time, just the domain was to launch under was only recently resolved.


And to answer your question more practically: You should assume that MoneyPot and ProvablyHonest are the same entity and conspiring. You should assume we are have a strong relationship and abusing it. The entire system was actually built upon the premise:

MoneyPot should assume that ProvablyHonest and the player are conspiring. [So all outcomes it can verify itself, based on this]
Players should assume that MoneyPot and ProvablyHonest are conspiring.  [All provably fair guarantees remain!]
ProvablyHonest should assume that MoneyPot and players are conspiring [e.g. it's playing on it's own site]


Even under this "worst case" assumption, the guarantees are identical to any other provably fair casino.  But if the assumption is not correct, then there's additional security and verifications guarantees. But the really important point I want to stress is that there's no reason you should or need to believe they are separate entities.


FWIW the "additional guarantees" that ProvablyHonest offers are actually pretty minor in crash. ProvablyHonest works much better for an atomic game like "dice". Really the main winner here is actually just MoneyPot not needing to store a long-lived secret that if seen would compromise all future games and lead to the site easily be abused.