I'm confused, why don't you just determine the games ahead of time and release the proof that you didn't cheat? You are asking players to trust you because way after the fact you can estimate whether you had an edge or not. That's kind of shaky evidence when you could just as easily release the order of your outcomes and we can both determine that you didn't change any outcomes and that there is no house edge.
To be completely frank, I am skeptical of a house that claims to have no edge. Players don't care if a casino takes 1% (or whatever percent).
Topic: Casinobit - no house edge, 100% payout - page 4. (Read 8099 times)
Please, be honest... 
You offer to play against the house and winner is being determined by your own random number generator. Therefore you can change outcome of any game or to know the results before it completes, so your house edge can magically climb from 0 to 100%.
Players, be cautious!
You offer to play against the house and winner is being determined by your own random number generator. Therefore you can change outcome of any game or to know the results before it completes, so your house edge can magically climb from 0 to 100%.Players, be cautious!
Is there some verifiability in your games? Do you release information so that we can prove wins and losses?
Currently the game on the main page is a beta of sorts, with bitcoin being a public P2P network you can estimate the house edge yourself plus there isn't any casino which is more secure. It has come to our attention that some casinos are unauthentic:
Quote from: http://en.wikipedia.org/wiki/Lie
Haystack answer
A haystack answer (or statement) is a volume of false or irrelevant information, possibly containing a true fact (the needle in the "haystack"). Even if the truth is included, it is difficult or impossible to detect and identify. In this way, the legendary Leprechaun hid his pot of gold,[4] even after it had been found.
A haystack answer (or statement) is a volume of false or irrelevant information, possibly containing a true fact (the needle in the "haystack"). Even if the truth is included, it is difficult or impossible to detect and identify. In this way, the legendary Leprechaun hid his pot of gold,[4] even after it had been found.
Quote from: http://en.wikipedia.org/wiki/Lie
Lying by omission
Also known as a continuing misrepresentation, a lie by omission occurs when an important fact is left out in order to foster a misconception. Lying by omission includes failures to correct pre-existing misconceptions. When the seller of a car declares it has been serviced regularly but does not tell that a fault was reported at the last service, the seller lies by omission.
Also known as a continuing misrepresentation, a lie by omission occurs when an important fact is left out in order to foster a misconception. Lying by omission includes failures to correct pre-existing misconceptions. When the seller of a car declares it has been serviced regularly but does not tell that a fault was reported at the last service, the seller lies by omission.
Some casinos claim to be fair and some even claim to be provably fair when in reality they lie somewhere between the two definitions above since:
A) Nothing stops a casino from disconnecting from a player in the event of the player receiving a hand which is likely to win.
B) Nothing stops the casino from bruteforcing different keys incase a TTP is used to get an outcome which is the most profitable for the TTP.
C) Even such casinos which are considered 100% secure and use the last transaction or the hash of all transactions as means of determing a winning hand/number/player can still bruteforce the outcome by sending small amounts to themselves.
D) People that own shares of any competing casino don't state that clearly in their posts when bashing us to not make their personal gain obvious which is unethical in the real business world.
Thus any casino which claims to be fair/provably fair while having a TTP are liars at best and we are at least as trustworthy as them if not more since we are more serious regarding the matter and ready to invest a lot more funds into our casino.
Since having no TTP at all seems to be the only real answer to having a truly verifiable casino this has been our milestone and will always continue to be, until we get enough interest/investors/funds to support such a project.
Is there some verifiability in your games? Do you release information so that we can prove wins and losses?
Please, be honest... You offer to play against the house and winner is being determined by your own random number generator. Therefore you can change outcome of any game or to know the results before it completes, so your house edge can magically climb from 0 to 100%.
Players, be cautious!
You offer to play against the house and winner is being determined by your own random number generator. Therefore you can change outcome of any game or to know the results before it completes, so your house edge can magically climb from 0 to 100%.Players, be cautious!
No house edge, 100% payout!
Key ideologies:
- No house edge, all games are free!
- No spamming the bitcoin network! We pay generous transaction fees!
- High quality HTML5 games.
- Anonymity is always a priority, we never save more information about you than what is necessary to operate, after which we securely dispose of it.
- Mental games that don't use a TTP are always better than ones that do.
- Responsible gambling.
HTML5, multi-platform poker is soon to be added, deadline is somewhere in the near 2 week. Casinobit will be the first Casino to use such technology.
Try http://www.casinobit.net you won't be disappointed!
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