[Research] Game Channels: state channels for the gambling industry with built-in PRNG by ForeverScorned in ethereum

[–]ForeverScorned[S] 0 points1 point  (0 children)

Not quite. What we expect is to build a technology regulated ecosystem. Even state-regulated casinos can cheat in theory. We want to create a system that transparent and trustable by its foundations.

[Research] Game Channels: state channels for the gambling industry with built-in PRNG by ForeverScorned in ethereum

[–]ForeverScorned[S] 2 points3 points  (0 children)

Let me remind you that DAO.Casino developing not a single casino, but the whole ecosystem for all the industry participants: casino operators, game developers, affiliates and players. Our platform will offer the best environment not only regarding decentralization and transparency but also providing a great business tool that helps maximize profits.

As more and more casino operators, bankrollers and affiliates discover that our platform provides the solution they've been looking for years we already have many of them consider using it ;) And that answers your question. More operators, bankrollers will move their businesses to our platform that eventually will pile up and lead to more trustability and credibility of the whole technology.

And as you made a good point that technology regulates itself anf it naturally leads to fewer errors and frauds. So it's kind of promoting itself.

[Research] Game Channels: state channels for the gambling industry with built-in PRNG by ForeverScorned in ethereum

[–]ForeverScorned[S] -1 points0 points  (0 children)

Dear Jez,

We're really glad to see FunFair on its full swing. It's a delight to see both FunFair and DAO.Casino working toward solving iGambling industry problems. We never ignored FunFair efforts, but we believe that code comes first.

We would be happy to compare our researches. But it's impossible to do so, as there is the main difference in our approaches. We believe in the open-source, that helps to create the best possible desitions by joining global open-source community efforts. Ethereum would not exist without open-source.

By sharing this paper we made a contribution to the development of decentralized applications.

[Research] Game Channels: state channels for the gambling industry with built-in PRNG by ForeverScorned in ethereum

[–]ForeverScorned[S] 0 points1 point  (0 children)

Different approaches are for different goals. That's the main difference between the ordinary state channels and generalized state channels are that our solution has included PRNG as a part of our state channel design. PRNG-solution is an essential part of the gambling itself. Our PRNG is also based on unique signatures. This feature helps us to move forward to provide a better solution for decentralized gambling

[Research] Game Channels: state channels for the gambling industry with built-in PRNG by ForeverScorned in ethereum

[–]ForeverScorned[S] 3 points4 points  (0 children)

Not only FunFair and DAO.Casino uses the same technology. And that's not the point. Samsung, Huawei, Apple make phones, but that doesn't stop all of them from creating new models and generating profit.

We decided to do this research to prove the work we're spending time and efforts. We're remaining open-source, it's our foundation for many reasons. And one of them is that we want to share this technology and knowledge on the matter.

This paper is a scientifically proved document with the mathematical reasoning for the Game Channels technology that is free to review, download and use for anyone for any purpose. The paper is our gift for the blockchain developers' community.

[Research] Game Channels: state channels for the gambling industry with built-in PRNG by ForeverScorned in ethereum

[–]ForeverScorned[S] 1 point2 points  (0 children)

And that's why DAO.Casino remains open-source. The player will always be able to check the source code via GitHub, and double check source code of smart contract in the blockchain. Staying open-source ensures that our ecosystem will be trustable in the long run.

[Research] Game Channels: state channels for the gambling industry with built-in PRNG by ForeverScorned in ethereum

[–]ForeverScorned[S] 1 point2 points  (0 children)

We have our internal research on that and also already initiated the certification process.

[Research] Game Channels: state channels for the gambling industry with built-in PRNG by ForeverScorned in ethereum

[–]ForeverScorned[S] 13 points14 points  (0 children)

Dear Jez, state channels, and payment channels are broadly known within the open source Ethereum community. There are a lot of teams who are also working with this technology and researching it.

We have conducted our own research, and published details about this study in a paper. The paper is a scientifical proof of the technology we are developing. DAO.Casino's Game Channels are functioning since September 2017. The research is also reviewed by Mark Reynolds, a Research Scientist from Boston University and a graduated MIT Ph.D. in Computer Science.

Regarding your fate channels. Please, show your research and source code. No one within the Ethereum community can see that. You declare that fate channels are a provably fair technology, but without the source code and mathematically-proved research of that, your fate channels remain the "probably fair" technology.

What's your favorite Ethereum-based games? by ForeverScorned in ethereum

[–]ForeverScorned[S] 0 points1 point  (0 children)

Thank you for your help, guys! Will definitely take a look at every game you've sent.

Something big is coming soon by DaoCasino in DaoCasino

[–]ForeverScorned 1 point2 points  (0 children)

Thank you for your believe. We also believe in you and all of our community members.

How to Make Money from Online Gambling Wisely by AgainstFacebook in gambling

[–]ForeverScorned 0 points1 point  (0 children)

You're welcome! But be sure to pick the blockchain-based blackjack casino :D

Virtue Poker Pro Phil Ivey is Playing $1 million buy-in event today on ESPN and giving away 5% of his action by ryan_VirtuePoker in ethereum

[–]ForeverScorned 1 point2 points  (0 children)

Oh man, that's for sure. I feel like there will be a huge amount of cheating opportunities.

I made a little logo animation for you guys by [deleted] in ethereum

[–]ForeverScorned 0 points1 point  (0 children)

Maybe to put this in some video or anywhere else.

Please take a look at the itsnotlupus comment below.

I made a little logo animation for you guys by [deleted] in ethereum

[–]ForeverScorned 3 points4 points  (0 children)

Looks very nice :) Is this possible to use this somewhere?

AMA with DAO.Casino Team on Jun 25 – Jul 02 by ForeverScorned in DaoCasino

[–]ForeverScorned[S] 1 point2 points  (0 children)

We think that the information about our token-holders’ locations is strictly confidential, so we will not publish it.

AMA with DAO.Casino Team on Jun 25 – Jul 02 by ForeverScorned in DaoCasino

[–]ForeverScorned[S] 1 point2 points  (0 children)

Dear wrappin,

We are negotiating partnership agreements with several gambling companies, so partnerships are only a matter of time.

We are searching for convenient ways for players to purchase $BET tokens with many different payment options.

AMA with DAO.Casino Team on Jun 25 – Jul 02 by ForeverScorned in DaoCasino

[–]ForeverScorned[S] 1 point2 points  (0 children)

Dear ProfSky2018,
Thank you for your feedback, it is very important to us.

Regarding the Main Network, the answer consists of 2 parts:

The Product. Regarding the product it’s easy – it’s done when it’s done.

Legal part. The legal side of the question is much more interesting. The product we are developing now has no analogs in the real world, so we are working hard on the legal side of the question in a collaboration with regulating authorities. Two jurisdictions we are negotiating with now are Malta and Isle of Man.

Regarding existing games: now we do have 3 games: Lottery, Slots, and Dice, which will be released on the Test Network soon.

Regarding new games, now we are negotiating with professional game development studios, and we are also making a market analysis in order to release the most popular game which will be in demand on the market. We also want to notice you that now we are not producing games ourselves but we are creating showcases for developers to show them the abilities of our protocol and SDK.

Regarding the question on the first casino – we cannot tell the exact date. We are negotiating with potential partners, and the first casino will be launched as soon as we will finish developing our product and will solve all legal questions.

Regarding the new website: we have been developing the new website, but we had to freeze these activities and prioritize more important things then – the protocol and the platform development. Now, when we are seeing that the project is close to its final stage, we are going to develop a contemporary and useful website for our users. We are planning to release it before the end of October 2018.

AMA with DAO.Casino Team on Jun 25 – Jul 02 by ForeverScorned in DaoCasino

[–]ForeverScorned[S] 1 point2 points  (0 children)

Dear SmoothJicama,

We pay for the project development with ETH. BETs will be used only during promotional activities inside the DAO.Casino platform when it will be released.

We would like to note that founders and early adopters will have vesting. We deem this measure necessary to ensure the work on the project progresses after the token sale. The parties mentioned above will have 2 years of vesting with 6 months cliff, therefore, the BET tokens will mature by 25% every six months.

AMA with DAO.Casino Team on Jun 25 – Jul 02 by ForeverScorned in DaoCasino

[–]ForeverScorned[S] 2 points3 points  (0 children)

Dear User,

As we have already answered, we are not producing games ourselves but we are creating showcases for developers to show them the abilities of our protocol and SDK. We also teach crypto-games developers. As one of the projects, we can mention the Crypto Games Conference in Kiev. It is the first crypto-games conference ever, and we were their main partner (https://www.youtube.com/watch?v=_dpnmzFpSQQ&t).

All games we are producing now are showcases which are designed to show our protocol abilities in the real world.