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/biz/ - Business & Finance


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18241105 No.18241105 [Reply] [Original]

I'm thinking of starting a verifiably "fair" (slanted slightly in house's odds transparently) crypto casino. From what I can tell all the main sites are shady shit holes that claim to be probably fair but there's no way to verify generated sequences.

Is there a market for this you think?

>> No.18241375

if you do it you should aim to set it up as a new standard for online casinos. like design a whole protocol around it and patent it. if you do that, it would be quite nice but IMO gambling is on it's way out as a vice

>> No.18241399

>18241110
No clue why they are even close to green but this shit is rigged again. Most likely +5% green day again with all the bullish news today.

>> No.18241400

>>18241105

you'd make a fortune if you got it up and running. but you have to wonder why it doesn't exist already, the legal side of things will be a minefield

>> No.18241443

>>18241375
I was delighted and surprised to.not find a standard already in place. It could be as simple as having a server generate a pseudorandom seed number once every 100ms, and saving that number with a timestamp in a database available outward facing on a website. Gambling websites using my protocol could provide customers with a timestamp at least 1 second in the future which it promises to use to determine the outcome of a dice roll etc, and you user could double check if it did by going to the protocols website

>> No.18241455

for a while I thought my puts were worthless, but they may still have some fight in em
LYFT $8 expiry April 9th
MGM $3 expiry April 9th
SKYW $10 expiry April 17th
SPY $160 expiry April 24th
SQ $28 expiry April 9th
UBER $8 expiry April 9th

Either im fucked or im gonna be doing well, Only time will tell.

>> No.18241514

>>18241172
It's toxic only at sustained high doses. Use as recommended and it's very helpful.

>> No.18241515

>>18241461
Is this a thing and you're mocking me for being late? If not I might steal that name, thanks Zuckerberg.

>> No.18241516

>>18241105
>>18241443

In France law is that on a given year, casinos must re-distribute as gains 80% of the money played.

Publish a verifiablbe ledger of bets/losses/gains (on chain?) and associated ratios (you could even tweak these ratios as a sales tool. You claim a redistribution on a yearly basis, so all the dummys who see a ratio below 80 at a given time will Duning-Kruger their way to the game, thinking it's bound to go up here and now)

>> No.18241542

>>18241515

fun fair has been around years, i've got no idea if they have aworking product yet

where is RKGbtw?

>> No.18241562

>>18241455
geez man gl

>> No.18241569

>>18241554
why were they released on thursday last week?

>> No.18241570

Just finished getting comfy with cash covered puts and calls and the wheel but now we are in insano market and I don't know if it's safe to implement.

>> No.18241624

>>18241516
Sure the autist in me knows this is perfect problem to solve with a decentralized blockchain network, but the business man in me knows it wouldn't be up and running for 5 years.

A centralized solution with financial industry standard security would suffice. Basically just publishing a deterministic timestamp tick which will pair with a random number, several times a second.

As long as a BTC casino, or any program that needs trusted random data, provides the user with a timestamp tick of some time in the future (literally milliseconds after) after the bet is made, it's probably fair on their end.

I could even have a separate page showing a breakdown of the random data of the past 24 hours or whatever.

>>18241542
Crypto is where good ideas go to die, and great ones to be put on hold

>> No.18241675

>>18241571
What if I just created the protocol and API and got clever/lucky shilling it to users so they start asking for it? The smaller operations will adopt it to gain edge over bigger operations etc. How could I monetize it?

>> No.18241710

I would be interested in a verifiably fair tcg, where o can verify my opponents B's pulls are not total B's.
O
I would play that

>> No.18241714

>>18241710
What the fuck is tcg

>> No.18241715

>>18238378
~ s a g ~ g a n g ~

>> No.18241745

I hate niggers I hate Jews, I hate spics, and arabs too. But mostly niggers, fuck niggers.

>> No.18241746
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18241746

>>18241623
Long on what? I've been shorting the dollar for like 10 years if that's what you mean.

>> No.18241747

>>18241400
this. if you are american you cant legally just start a casino using crypto lmao

>> No.18241785
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18241785

>>18232061
Here’s my humble stack of shiny rocks

>> No.18241786

>>18241714
Trading cards game like hs or mtg

>> No.18241796
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18241796

>>18234253
I'm so fucking jelly

>> No.18241799

>>18241786
There's an open source one called relentless you could fork that and make it fair

>> No.18241841

>>18241747
Why not? What if the exchange of funds was separate from the random number generator, and all done in Monero?