Decentralized Dice Games? | Bitcointalksearch.org

deisik

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Quote from: el kaka22 on February 02, 2019, 03:35:10 AM

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Actually, it is certainly possible

Conceptually, it is possible in the same way as decentralized cryptocurrencies themselves are made possible with the blockchain. You would just need a blockchain specifically crafted for this purpose or just a second layer solution (like Lightning Network) added to it which will write bet outcomes to the blockchain. In this manner, a decentralized casino would work pretty much like a decentralized exchange. You enter a smart contract with somebody in this casino, casino rolls the dice (which you can check and validate), someone wins while someone else loses, then contract closes with funds released to the winner

omonuyak

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Quote from: Radiante on November 29, 2018, 08:40:48 PM

If I understood well, the guy just want a dice game where each player bet whatever they want, and the chain itself (by mining, or whatever method) choose a winner and automatically pays.

0% house edge, because it is decentralized, and there is no "house" (nor "house edge")

If that is what he meant it means that is a great idea and I think some projects are already existing that are solving this particular problems and like we also know decentralized system make things transparency.

el kaka22

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I don't know what you guys mean by possible. Is it possible to build a code for it ?
Sure, but who is going to pay the wins? I mean when I gamble lets say 1 bitcoin on 50% chance and win, who is paying my 1 bitcoin back ?

The idea of decentralized exchange is that I give you btc and you give me eth, that is the same on centralized exchange as well, the exchange only acts as a means to find people who will exchange with you. However, when it comes to casinos you are not gambling against other people, of course there are games like sportsbooks (onehash) and poker where you play against other people and it could be decentralized however when it comes to dice how would you gamble without anyone on the other end of the bet ?

You either have to have a casino backing it which would make it centralized or you would have to bet against other people on whether the dice will be above 50% or below 50% which would make the speed depending on the other gamblers and not something you can arrange yourself.

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Quote from: shoreno on February 01, 2019, 06:22:57 AM

Quote from: Ucy on January 31, 2019, 09:19:03 PM

Thought there a lot of "decentralized" gambling on some blockchains. I wonder why people don't embrace them. Taking a look at Eos blockchain one would notice reasonable amount of activities coming from the gamblings Dapps. If there is that high demand for the blockchain gambling why don't people promote them here?

Most gambling sites especially the popular that we see these days are centralized . i have never heard of decentralized gambling before after i have read this post . people dont embrace them not because they are bad but because we are just not aware that they have existed but dont worry , i will gonna try them by now .

Me too, I don't think there is a decentralized gambling site where nobody manage it and letting the gamblers anonymously bet without the house.

shoreno

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Quote from: Ucy on January 31, 2019, 09:19:03 PM

Thought there a lot of "decentralized" gambling on some blockchains. I wonder why people don't embrace them. Taking a look at Eos blockchain one would notice reasonable amount of activities coming from the gamblings Dapps. If there is that high demand for the blockchain gambling why don't people promote them here?

Most gambling sites especially the popular that we see these days are centralized . i have never heard of decentralized gambling before after i have read this post . people dont embrace them not because they are bad but because we are just not aware that they have existed but dont worry , i will gonna try them by now .

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Quote from: Ucy on January 31, 2019, 09:19:03 PM

Thought there a lot of "decentralized" gambling on some blockchains. I wonder why people don't embrace them. Taking a look at Eos blockchain one would notice reasonable amount of activities coming from the gamblings Dapps. If there is that high demand for the blockchain gambling why don't people promote them here?

EoS has been very active from the last six months in the development of Decentralized Dice games but this is not so common these days. This concept is new and it may take some time before we see a lot more decentralized dice /other gambling games.

Ucy

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Thought there a lot of "decentralized" gambling on some blockchains. I wonder why people don't embrace them. Taking a look at Eos blockchain one would notice reasonable amount of activities coming from the gamblings Dapps. If there is that high demand for the blockchain gambling why don't people promote them here?

deisik

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Quote from: Ziskinberg on January 04, 2019, 01:44:20 AM

Quote from: deisik on January 03, 2019, 10:32:25 AM

Maybe, OP means it like with decentralized exchanges?

I believe he meant dice on his post as he posted in the gambling section.
When we speak of decentralized, it's transparent, that's why he maybe thought if it's decentralized it will give him more chances to win or he will be luckier.
It's definitely wrong for me, dice does not need to be decentralized because they already come up with a provably fair which makes their system transparent and correct, so gamblers can trust

He meant dice and I meant dice too

I just brought forth the example of decentralized exchanges to show that it is possible to do. And as I see it, the problem is not with house edge and bets being provably fair as such but rather with funds being safe in the first place. Really, what difference would that make to you if you were to lose your money anyway? I think this is what OP had in his mind when he started this topic

Quote from: Ziskinberg on January 04, 2019, 01:44:20 AM

The competition in dice sites is now based on house edge, the lesser the better, but they cannot operate without an edge because they are here to make profit

This matter had been extensively discussed over here a few years ago, and if I remember correctly, some dice sites actually offered zero house edge betting as a bonus feature (temporarily, of course). For blockchain-based gambling, transaction fees collected by the house may serve as a house edge of sorts

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Quote from: Lanatsa on January 03, 2019, 08:33:11 AM

Quote from: EOSBet on January 03, 2019, 05:59:33 AM

Quote from: Dave90210 on November 21, 2018, 09:31:20 PM

I was wondering if theirs a list of decentralized trusted dice web sites?

...............

EOS platform when it comes to gambling is really very interesting i have seen on last quarter of last year where there are some few numbers of EOS-based gambling sites.
Well designed and i do love the UI.

Just a question, when i do tried that crash game it didnt show any animation of the crash? Huh

Or its just me?

Well, we've been working for the past 2 months solely on UI and security, which are, in addition to new games, our top priority.

Additionally, we've been working on improving the visualization of the crash game, and we will definitely have this in mind for our next update.

Thanks for the feedback!

Ziskinberg

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Quote from: deisik on January 03, 2019, 10:32:25 AM

Maybe, OP means it like with decentralized exchanges?

I believe he meant dice on his post as he posted in the gambling section.
When we speak of decentralized, it's transparent, that's why he maybe thought if it's decentralized it will give him more chances to win or he will be luckier.
It's definitely wrong for me, dice does not need to be decentralized because they already come up with a provably fair which makes their system transparent and correct, so gamblers can trust.

The competition in dice sites is now based on house edge, the lesser the better, but they cannot operate without an edge because they are here to make profit.

deisik

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Quote from: adzino on January 03, 2019, 08:42:45 AM

This is the first time I am actually hearing about "Decentralized Dice Games". How will this even work? There is this "House" in a casino and for the house to exist, it has to be centralized. And who is actually going to manage everything on this "decentralized" casino? Wouldn't things just become more complex?

Maybe, OP means it like with decentralized exchanges?

If the latter are possible (and they surely are), why should not there be a decentralized casino? The whole point behind decentralized exchanges is to prevent scams, thefts and hacks on the exchange's part. And as I see it, the same idea is fully applicable to online gambling as well. There were quite a few casinos that scammed on their users in the past - just like many cryptocurrency exchanges, with Mt. Gox being the most conspicuous example out there and WEX seemingly being the latest (but definitely not the last)

If you actually ask whether it is technically possible, then the answer should be a definite yes, it is possible. Actually, there are a few rival approaches to this task

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This is the first time I am actually hearing about "Decentralized Dice Games". How will this even work? There is this "House" in a casino and for the house to exist, it has to be centralized. And who is actually going to manage everything on this "decentralized" casino? Wouldn't things just become more complex?

Lanatsa

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Quote from: EOSBet on January 03, 2019, 05:59:33 AM

Quote from: Dave90210 on November 21, 2018, 09:31:20 PM

I was wondering if theirs a list of decentralized trusted dice web sites?

...............

EOS platform when it comes to gambling is really very interesting i have seen on last quarter of last year where there are some few numbers of EOS-based gambling sites.
Well designed and i do love the UI.

Just a question, when i do tried that crash game it didnt show any animation of the crash? Huh

Or its just me?

EOSBet

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Quote from: Dave90210 on November 21, 2018, 09:31:20 PM

I was wondering if theirs a list of decentralized trusted dice web sites?

There are plenty of websites dealing with Dice games. However, it depends on number of things. If you want to gamble with BTC, ETH, EOS, or other assets, the websites vary. Currently, BTC makes no sense for gambling due to its transactions costs and utterly slow transactions speed, and that's where EOS stepped in.
EOS:

- has free-of-charge transactions
- can process up to half a million transactions per minute
- uses POS
- is scalable

There are now multiple of EOS-related online casinos, however EOSBet is the only licensed casino offering the best house edge!

We have developed Dice and Crash games, and we have Baccarat currently in the development phase. For the period of 5 months we have had more than 12.5 million bets, and 83 million EOS wagered!

Naida_BR

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I am trying lately a new decentralized casino where I play Dice there. It is named Tronbet and you can currently bet only with TRX.
It is decentralized as there is a pool created will the lost bets and every 24h it is distributed to the native token holders.

I really enjoy it as I can play directly from my wallet by using tronlink extension, thus profits are directly credited to my balanced in just a few seconds after I win the Dice bet. However, I am not sure if the code is already released to the public in case you want to check.

Bitcoin Marketing

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ankarlie

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Quote from: Dave90210 on November 21, 2018, 09:31:20 PM

I was wondering if theirs a list of decentralized trusted dice web sites?

I am wondering myself of there are truly dice projects that are truly decentralized. The closes I can think of is Tronbet and TronVegas both of which have their own utility token, Ante and Vcoin respectively. They are both Tron-based tokens and they are used to distribute a portion of the platform's earnings. I am not sure the exact percentage but it is pretty profitable. Dividends are distributed daily, instantly and automatically in to the Tron-wallet. They say in gambling the house always wins since we can be the house then we always win on this one. Tronbet's Ante tokens are already tradeable while TronVegas' Vcoins are not (Except in risky TG P2P trading channels) but can be mined in their site by playing their games.

adaseb

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I think in the near future decentralised casinos will become more and more common.

Right now with casinos there isn't any strict KYC yet unlike with most BTC exchanges. However this can quickly change in the future and when it does we will all need decentralised casinos.

Provably fair and decentralisation are 2 different things pretty much. Provably fair simply is proof that the roll was done in a fair manner. Decentralization means there is no party who holds your funds and can freeze them. Basically what happened last year with certain exchanges like Poloniex which made KYC mandatory and froze almost everyone who wasn't verified.

Like the above poster already stated, the issue with decentralized platforms now is that they are fairly new and poor UX and buggy at times, however this should improve in the near future.

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Radiante

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He asked for a decentralized DICE, not "Casino". Of course it is possible: two guys make an equal deposit, the network mine a random result, and the correct guy is paid, everything automatically.
The only cost is the transaction cost

Topic: Decentralized Dice Games? (Read 553 times)