Topic: First Provably Fair for investors and players Bitcoin dice game - page 2. (Read 1370 times)

I've seen this problem on Just-Dice, and I know me and dooglus have thought of this as a solution at least once, but it still requires trust of the party that holds the server. It's an interesting solution, but I'm eager to see how it works out.

Investors would be playing against themselves in that case, and stealing their own money.

You still haven't solved the problem of someone able to know the seeds - the house investors who manage the machine even if they are trustworthy could simply look up the winning seeds themselves and play consistently here and there and never draw any attention and win thousands off the total investment pool.

Isn't off chain really slow for betting?

People are thinking new members of this community are fraud, because of people stupids in the past(DB,DN,..).
If you don't trust a user, do not say "beware, this guy must be theft". Simply, do not money to his business and shut your up until you sure it's a scam.

Also I don't trust and I won't invest anything, related to bitcoin.

We did not even advertise an url yet  

Jokes apart, we understand that any attempt to raise funds will arise suspicions and have to deal with it.

Agreed, this is going to turn well for everyone. 

Thank you, we are for real indeed.  We reached out to a few highly trusted members of the community and submitted our code for review as well.
I have invited some of them to add to the discussion in this thread, hopefully it will help to clear our intentions.

A newbie with an activity of 2 trying to raise money from investors.
I wish you luck, but hope that you are for real. Anyone wanting to invest please beware.

The server seed is hash is retrieved when the account is created and every time a player chooses to refresh it.
The lucky number on the other hand, is retrieved on every roll via HTTP request, so this might cause an overhead, however we did not experience a degradation of performances in our testing.

I said because you said the seeds will be on the other server. So in every bet user will make a HTTP request to remote server to get his seed? This should slowed the betting.

Yes, betting is off-chain, what do you mean by "betting will be so low" ?

Thanks for your input

You are trying to build a big bankroll using investors trusts. What you said is spoken a lot in this forum in past. I hope you did it well.

Also I assume site is off-chain? If so betting will be so low.

Dear Community,

We have developed the first Provably Fair for Investors and Players Bitcoin dice game.
Our platform offers a slick and friendly user interface, keyboard shortcuts support, chat box and real-time detailed statistics.
House edge is only 1% and we will keep low commission on divestments for a limited time, in order to attract investments.

What does Provably fair for Investors and players mean?

Our game algorithm is "Provably Fair", each and every roll can be verified instantly, which means that we cannot alter in any way the rolls outcome.
Generally, this is true for players but not for investors, as the site operator has knowledge of the server seeds generated by the software and could, in fact, predict all lucky numbers.
We have developed a specific solution to this issue : a stand-alone roll server, to be deployed on a machine managed by large investors, or an highly trusted third party.

The roll server task is to generate a server seed for each request and calculate the lucky number for each roll played on the site.
Generated server seeds are stored locally on the trusted machine and only revealed when discarded, on player input. The game back-end only requires their sha256 hashes to operate.
Our solution removes knowledge of the server seeds from anyone who operates the site, making it impossible to play against the investors and steal their money.
All relevant code will be reviewable by the parties, or by an external auditor nominated by the parties.

Additionally, investors funds will be stored in a multi signature cold wallet with a 2-of-3 address, where we would have knowledge of 1/3 of the keys required, while the
other 2/3 of the keys would be shared with the trusted parties. This scenario provides some degree of protection to investors if one of the parties disappears for any reason or refuses
to cooperate. All transactions from the cold-wallet to the site hot-wallet would have to be authorised and signed by both us and one of the two trusted parties.

We are looking for a partnership with an highly trusted community member, and/or interested investors.  The site url will be disclosed at later date.