Topic: [EDU] Provably fair and how it can be exploited by casino owners against you. - page 3. (Read 8600 times)
August 29, 2013, 01:49:10 PM
Yup, really hope newbs see this and understand all of it. I truly do wonder how many BTC sites are rigged this way.
August 29, 2013, 07:11:39 AM
I agree with this observation too. Also, just because a site says they are "provably fair" doesn't mean they won't take your coins and run.
August 29, 2013, 05:04:36 AM
Yes. I agree.
Also make sure you see the hash of the server before you are given the chance to enter your own client seed.
I think this is part of the idea behind mem's Provable Results vs Provably Fair.
Also make sure you see the hash of the server before you are given the chance to enter your own client seed.
I think this is part of the idea behind mem's Provable Results vs Provably Fair.
August 29, 2013, 04:22:25 AM
Someone posted this article in one of the threads here. Had to highlight it as many sites are being questioned regarding this.
MUST READ ARTICLE:
http://www.reddit.com/r/Bitcoin/comments/1frm4x/provably_fair_by_bitzino_not_provable_with/
Number one rule: DON'T assume the casino you're playing at is honest and that their provably fair system is fair.
ALWAYS and I mean ALWAYS change your client seed to something different. This is one of the ways you protect yourself. It takes a second to do I know which is inconvenient but truly do it.
*Note: I make no personal accusations against any site in this thread. This is an educational thread focused on providing users the understanding that just cause it says provably fair and it verifies, it does not mean it truly is a fair system.*
MUST READ ARTICLE:
http://www.reddit.com/r/Bitcoin/comments/1frm4x/provably_fair_by_bitzino_not_provable_with/
Number one rule: DON'T assume the casino you're playing at is honest and that their provably fair system is fair.
ALWAYS and I mean ALWAYS change your client seed to something different. This is one of the ways you protect yourself. It takes a second to do I know which is inconvenient but truly do it.
*Note: I make no personal accusations against any site in this thread. This is an educational thread focused on providing users the understanding that just cause it says provably fair and it verifies, it does not mean it truly is a fair system.*
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