What are the origins of provably fair technology in gambling? - page 3.

Maslate

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From the https://www.provably.com/

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Provably fair explained
Provably fair is an algorithm based on technologies that allow online randomization to step up and reach a new level of fairness and openness. In short, the algorithm uses the benefits of the blockchain in order to make actions of randomization, such as shuffling a deck of playing cards or flipping a coin, as random as they can be. The difference between provably fair and the typical black box algorithms that are now used in the gaming industry? The process of randomization is verifiable by all players of a certain game. The infographic below explains it all. Looking for a trusted provably fair casino? Have a look at the list below.

Blockchain was mentioned, so obviously, these words started in the crypto world. And it simply means that results are verifiable in the blockchain, without a blockchain it cannot be called a Provably fair game.

cryptothreads

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Quote from: piebeyb on February 05, 2023, 08:00:57 AM

this provably fair technology that maybe a lot of people like it more because it's transparent without casino interference so people can verify their bets, but I don't know who started it I don't think it's freebitcoin, I'm just a loyal user of freebitcoin and I'm very active there they are right true good site giving free bitcoins to all newbies Wink

Ah, so you're a fan of provably fair technology! I can understand why, the transparency and lack of casino interference is definitely appealing. It's great to hear that you're a loyal user of FreeBitco.in and have had a positive experience there. As for the origin of provably fair technology, it's difficult to say who started it as it's likely the result of contributions from multiple people in the industry. But it's awesome that you found a platform you trust and enjoy using!

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Quote from: Stakefast on February 05, 2023, 01:46:21 AM

I think provably fair comes from CSGO gambling, in fact, it was the first virtual casino creating the term provably fair. I am not sure which counter-strike casino did.

Without a little proof, this statement is up in the air. A reference would anchor it down and give it some stability. Wink

Alisha-k

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Using Cryptocurrency like Bitcoin will warrant an open ledger transaction so this casinos have no choice but ti be fair to their clients. The Blockchain thanks to its innovation has forced crypto casinos to either remain fair or lose their reputation and this is why many reliable casino are emerging based on the technology.

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I have seen "probably fair" many times proposed, also from other early casinos like satoshibones or primedice.

The argument has been discussed several times here on forum, have a look on this topic:
https://bitcointalksearch.org/topic/what-is-a-provably-fair-and-how-does-it-work-5150219 about detailed explanation.

piebeyb

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this provably fair technology that maybe a lot of people like it more because it's transparent without casino interference so people can verify their bets, but I don't know who started it I don't think it's freebitcoin, I'm just a loyal user of freebitcoin and I'm very active there they are right true good site giving free bitcoins to all newbies Wink

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Quote from: SeeBiscuit on February 04, 2023, 04:21:46 PM

My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?

As I know "provably fair" exist only in the crypto gambling space. Blockchain is responsible for that:

Quote from: slapper on February 05, 2023, 01:00:32 AM

Before before, it was hard to tell whether an online gambling site was legitimate or not, therefore many people avoided using them.

Before, and now for many traditional casinos and games, it was impossible to verify the fairness of the game.

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Quote from: SeeBiscuit on February 04, 2023, 04:21:46 PM

Hello everyone.

My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in.

A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world.

They have a great business model too, especially if it has been running for the amount of time it has.

My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?

I think provably fair comes from CSGO gambling, in fact, it was the first virtual casino creating the term provably fair. I am not sure which counter-strike casino did.

We created a big site for information about Provably Fair on Provablefair.com, including strategies and calculators for dice.

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Quote from: SeeBiscuit on February 04, 2023, 04:21:46 PM

My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?

In fact, provable fairness was first introduced in online gambling to solve the problem of trust, where players were concerned about the honesty and randomness of the games offered. And only then this technology was also used for transparency of the results of games and applications based on blockchain.

Upd: I will correct myself so as not to mislead the first methods of checking the honesty of the game used just a random number generator or used an audit of independent companies, but the very concept of provably fair technology in gambling arose in the context of cryptocurrency and blockchain technology.

slapper

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To be more precise, the emergence of cryptocurrencies and blockchain technology gave rise to the idea of "provably fair" technology in the context of online gambling. Before before, it was hard to tell whether an online gambling site was legitimate or not, therefore many people avoided using them.

A visible and unchangeable log of all the transactions and game outcomes on a decentralized platform is now feasible thanks to blockchain technology and the usage of cryptographic hashes. Thus, the outcomes of the game may be checked by the participants to ensure that they are legitimate.

In 2012, a basic dice game called Satoshi Dice was developed on the Bitcoin blockchain and marked the first use of this technology in the online gambling industry. Provably fair technology, originally developed for use with Bitcoin, has now been used by a large number of cryptocurrency-based online gaming venues.

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Quote from: Odusko on February 04, 2023, 04:34:20 PM

Quote from: Hispo on February 04, 2023, 04:28:24 PM

-snip-

You nailed it mate and just to add a few things to what you already said, probably fair systems may not.be peculiar to cryptocurrency gambling alon and game harsh verifications may be fair from what a provably fair system is in practice.
I may be wrong anyway but that is my own understanding of what probably fair is in gambling.
And I am also sure that, other none cryptocurrency casinos also have ways to verify their transaction using the bet id to get players to bet histories.

I only mentioned provably fair algorithms in Bitcoin casinos, because I have personally never signed in a purely FIAT casino. To be honest with you, I did not know that FIAT casinos actually also made sure to be provably fair, I thought their used their license somehow and gamblers were supposed to trust their games.

I thought this way because the term "don't trust, verify" it is prominent here in the Bitcoin community and ecosystem.

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Quote from: SeeBiscuit on February 04, 2023, 04:21:46 PM

Hello everyone.

My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in.

A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world.

They have a great business model too, especially if it has been running for the amount of time it has.

My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?

I guess provably fair tech is only possible thanks to blockchain so this statement is partially correct. Crypto gambling may or may not exist - it's the blockchain that makes provably fair tech possible imo.

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Quote from: Stalker22 on February 04, 2023, 06:06:45 PM

The earliest known reference to this particular term can be found in a post on the Bitcointalk forum, which dates back to 2011. This early mention suggests that the idea of using the term "provably fair" to describe a honest and transparent system for gambling with bitcoin was a novel concept at the time. It is possible that the term had not been used in this sense before the advent of bitcoin casinos, but this remains unverified.

i believe, this has been used even at the early stage of online crypto gambling to convince players that the games were not rigged and it has fairness basis. as basically anyone can set-up their online casino, this feature was like the determining factor whether the site was to be trusted or not.

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It is the confidence that chance is the only one that influences the result. That in itself should tip the use of crypto casinos, but it does not happen, it is in a way a very low adoption still. Another story.

Anyway! the date its birth is due to the blockchain, that is, in a certain way it is a rhetorical question if you know the beginnings of bitcoin then you know when PF arises. Cool

Stalker22

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The earliest known reference to this particular term can be found in a post on the Bitcointalk forum, which dates back to 2011. This early mention suggests that the idea of using the term "provably fair" to describe a honest and transparent system for gambling with bitcoin was a novel concept at the time. It is possible that the term had not been used in this sense before the advent of bitcoin casinos, but this remains unverified.

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Quote from: SeeBiscuit on February 04, 2023, 04:21:46 PM

My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?

Indeed it was stated that provably fair technology was introduce in the crypto casino to address the trust issue of online casinos. It does came to exist when casinos starts integrating Bitcoin and other cryptocurrency in their platoform.

According the the article[1], Provably fair is the latest technology that graced online gambling. As it is new, most gamblers don’t know about it yet. The technology is primarily used in bitcoin or crypto casinos and games. To define it, provably fair is an algorithm that checks and verifies an online casino’s fairness towards its players. It relinquishes the fear of most players that online gambling sites will rip them off.

So provably fair technology created because of the need of transparency and fair system in the gambling industry.

[1] https://worldfinancialreview.com/what-does-provably-fair-mean-for-crypto-casinos/

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Quote from: seoincorporation on February 04, 2023, 04:31:21 PM

Provably fair on crypto gambling is the right way to get the trust of the users. And most of the gambling sites have the same provably fair engine or at least the same logic.

For this we need cryptography, the sites have a server seed and the users have a seed too, in most of the sites users can modify the user seed, that way they can trust that the game hasn't been rigged, so, the server mix the server seed with the user seed, and from there comes to the bet result. That's how it works and that's why we should trust those provably fair engines.

Server seed + client seed + bet nonce combination is used to find bet results in provably fair house games. Users can verify seed on any third-party websites after rotating previous server seed in order to reveal unhashed server seed which is essential in verification process. Some users even can code this on Python so it is not anymore time consuming activity to compare bet results on casino.

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Quote from: SeeBiscuit on February 04, 2023, 04:21:46 PM

~snip~
My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?

^ This is very important in crypto gambling, because of this we know how to verify bets if that is legitimate that they generate seeds for every bet. In fact, we have a provably fair verifier from btcgosu.com, https://www.btcgosu.com/tools/provably-fair-verifier/.
If you have doubts about the seed generated on the gambling casino, you can simply verify it.

nakamura12

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It is what used in gambling to verify the result which will be use to make people trust their system that it is not rigged or something like that and how it is done is you can read it the post above. When a new Casino is launched then people will ask if they could trust it with their funds and the game is not rigged then that's where the provably fsir technology come. I think that's the origin of the provably fsir technology in opinion though I might be wrong about it.

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Quote from: SeeBiscuit on February 04, 2023, 04:21:46 PM

My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?

Yes, I believe so. Provably fair technology was created as a solution to the trust problems faced by players in conventional online gambling platforms. It primarily uses cryptographic algorithms to produce random results that players can independently verify. To my knowledge, the first platforms to adopt this concept were simple blockchain-based games, such as SatoshiDICE.

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