Topic: Dice Sites with FIAT currencies? - page 2. (Read 593 times)
No, there is. For example local casino has dice and game similar of bustabit, both available in fiat. Dice don't has verify your roll function but bustabit like game has, also it has different name. Dice is usually called HI-LO but mostly casinos offer 2x win, you can't edit it. Local casino has almost every feature on it's HI-LO game that other dice websites have, except autobetting.
I think what he is asking why are there no dice sites with stable coin currencies like USDT. This is actually an ongoing topic because it would make sense to have USDT since BTC and other cryptos are so volatile.
I've asked some mods of gambling sites to add USDT, it would be very easy since it uses the same blockchain as BTC and they all refused to list it due to regulation reasons.
Basically they don't want to be under scrunity from the US government if they list it, especially on an gambling site.
The best way to gamble with Fiat currencies is to deposit 1 BTC at a casino and at the same time go on some exchange which allows margin orders and sell that 1 BTC for US dollars (or EUR or GBP) and you will be hedged against huge down days like today.
I've asked some mods of gambling sites to add USDT, it would be very easy since it uses the same blockchain as BTC and they all refused to list it due to regulation reasons.
Basically they don't want to be under scrunity from the US government if they list it, especially on an gambling site.
The best way to gamble with Fiat currencies is to deposit 1 BTC at a casino and at the same time go on some exchange which allows margin orders and sell that 1 BTC for US dollars (or EUR or GBP) and you will be hedged against huge down days like today.
Well, that's because there's a cryptographic algorithm that makes something provably fair. The data has to be hashed and then 'reopened' to see if it matches the initial one. Blockchain allows such things to be performed, while fiat doesn't use cryptography. The reason that the same same provably fair thing cannot work with fiat is that blockchain records data automatically and nothing can be changed by people after that, while with fiat people have influence during many stages of proceeding a transaction. Read more in this article to understand why fiat provably fair casino doesn't really make sense: https://bitcoinchaser.com/provably-fair-gambling/.
How is this relevant? So, anything that uses cryptographic algorithms has to use crypto-currencies? LOL WTF?
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
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
I think this isn't a good question to ask , the best question would be why players would trust a certain casino where they can't verify their rolls
casino owners would love to see people not asking about provably fair , and to be honest I don't trust them at all and feel like they balance the winners and losers to end up always profitable but of course this can't be proved ( unless on live casino games )
when gamblers start realizing that they can verify the game they are playing I guess all fiat casinos will start adopting provably fair
This is why gambling industry is booming up here on crypto because of that feature where anyone can see sites fairness which you cant really see on a typical fiat gambling site.
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
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
I think this isn't a good question to ask , the best question would be why players would trust a certain casino where they can't verify their rolls
casino owners would love to see people not asking about provably fair , and to be honest I don't trust them at all and feel like they balance the winners and losers to end up always profitable but of course this can't be proved ( unless on live casino games )
when gamblers start realizing that they can verify the game they are playing I guess all fiat casinos will start adopting provably fair
Well, that's because there's a cryptographic algorithm that makes something provably fair. The data has to be hashed and then 'reopened' to see if it matches the initial one. Blockchain allows such things to be performed, while fiat doesn't use cryptography. The reason that the same same provably fair thing cannot work with fiat is that blockchain records data automatically and nothing can be changed by people after that, while with fiat people have influence during many stages of proceeding a transaction. Read more in this article to understand why fiat provably fair casino doesn't really make sense: https://bitcoinchaser.com/provably-fair-gambling/.
What are you talking about?
Provably fair is not linked to type of deposit. Provably fair is about how the roll result is generated (and blockchain is not involved in this at all). You can apply the very same algo for whatever deposits you want.
EDIT:
Back to topic. I actually don't know any fiat "pure dice" site. But e.g. bitdice is currently working on it.
Well, that's because there's a cryptographic algorithm that makes something provably fair. The data has to be hashed and then 'reopened' to see if it matches the initial one. Blockchain allows such things to be performed, while fiat doesn't use cryptography. The reason that the same same provably fair thing cannot work with fiat is that blockchain records data automatically and nothing can be changed by people after that, while with fiat people have influence during many stages of proceeding a transaction. Read more in this article to understand why fiat provably fair casino doesn't really make sense: https://bitcoinchaser.com/provably-fair-gambling/.
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
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
Jump to: