Search content
Sort by

Showing 3 of 3 results by kochpat
Post
Topic
Re: Dice Sites with FIAT currencies?
by
kochpat
on 12/10/2018, 08:26:30 UTC
The quality of answers to this threat has been really low... roughly half of the answers are either plain wrong or do not answer the question.

To clarify, we all agree that provably-fair algorithms are superior to the intransparent algorithms of traditional online casinos! However, the question in this threat is:
Why are Fiat online casinos not adopting the new provably-fair technology?

To have a reasonable discussion on this, please only reply if you either (a) know a Fiat casino that already offers a provably-fair algorithms or (b) give ideas on why Fiat casinos are not adopting the technology.
Post
Topic
Re: Dice Sites with FIAT currencies?
by
kochpat
on 11/10/2018, 20:19:30 UTC
There are so many reasons NOT to.

Big reason is, if you deal with fiat, then you need to get licensed, you need to get regulatory approval, you need to prepare your entire system to work with a fiat system.

Do you honestly think you could enjoy low house edge, fast approvals, fast play, and all that, while using fiat systems? The whole reason dice games and crypto games can offer much lower house edge is because of lower operational cost. Choose to use fiat and kiss goodbye to those low operational costs.



Ton of existing Fiat online casinos already exist and they make millions of profits; although they have all the disadvantages that you have mentioned: Need to get licensed, get a Fiat payment system, etc.

But just by changing the random-number-generator of a Fiat casino to provably-fair would give them a huge advantage over traditional online casinos with intransparent algorithms. Also a provably-fair Fiat casino could target a much wider audience than the current coin-based casinos.

I still don´t understand why no large Fiat provably-fair casinos exist yet!?
Post
Topic
Dice Sites with FIAT currencies?
by
kochpat
on 10/10/2018, 14:57:40 UTC
Hi all,

nowadays there are ton of Bitcoing / Altcoint dice gambling sites - Primedice, Bitdice, safedice, stake.. just to name a few. The "provably fair" algorithm makes gives them a clear advantage compared to traditional FIAT currency gambling websites.

But why are there no dice sites that offer the "provably fair" algorithm with FIAT currencies?

Best