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Back when I dabbled in bitcoin, one of the coolest things to me was the cryptographically verifiable casinos. To explain simply, the hash of each day’s seeds we
by jtokoph 9y ago
Back when I dabbled in bitcoin, one of the coolest things to me was the cryptographically verifiable casinos. To explain simply, the hash of each day’s seeds were published the day before, and the actual seeds posted the day after. So you could verify that your wins and losses were legit.
This could be applied to casinos, but it would take legislation to require it. I doubt any casino, especially the ones in sovereign Native American lands would voluntarily adopt such a system.
- acchow 9y agoI like this. Can be done with just PKC; don't need the tech of any blockchain.
- vilhelm_s 9y agoOr using Ethereum-style smart contracts you can go one step further, and have the casino be implemented by a public program on the blockchain. That way, it's not only verifiable after the fact if the payout was correctly handled or not, you can verify before you play that it will be, and there is no way for the casino to not pay if you win.
- zazpowered 9y agoYep. Look into Funfair (https://funfair.io https://funfair.io)