An Actuary decides to assign a cryptography/cryptocurrency based project to interns
"Provably Fair" a phrase heard very often in the land of decentralized Cryptopia
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A recent exposure to a dice game has made me decide to explore all gambling related sites that are correlated or wagered with crypto. Research only and an exciting project for my interns
My instinct tells me that not many develop would take the time to create websites with a very small payout to the house. My research will find the answers eventually as I am embarking on project titled "Provably Fair" as an assignment for my interns working under me for the next 4 months - Yes I "highly advised" them to all join Steemit as they all have very bright minds and futures in the field of Actuarial Science.
You could've saved yourself a lot of breath, ned a few seconds to delete your email, and me a couple of minutes work to make the screenshots by looking in your wallet...
But here we go:
The "blanks" are a connection problem, you could've seen the result by reloading the page. The transaction happened.
The negative payout is green, because you actually won. You just set the chance so high that the house edge/fee ate your winnings.
And the 0 payout was because your bet was invalid (too small). You got returned the full amount.
Flagging for false accusations.
I'll take your word for the connection problem - even though I did resfresh numerous times -
Why would you allow a user to accidentally set the chance so high that they cannot win and is always a win win - obviouisly it was an error placing a wager if 99.99% -
Why do some say invalid amount when too small but when too big steemdice takes the .002 SBD?
Why when user places a wager too large it says invalid but too small it shows nothing and the user is left guessing what the wager was.
I appreciate you answering those questions -
Now can you provide large scale actual samples of the %of a number coming out in a group of 5,000 rolls?
Because every sample I have analyzed the numbers do just not add up - I have a degree in Actuarial Science and understand statistics better than most of the planet however something still does not appear to jive - what is the margin of error for hypothetically rolling 60 5,000 times in a row - how many times Wii the number be be 60 or below for example?
Do you agree that the larger the sample the closer to 60% should be the result by the basic principles of statistics -
Can you explain why certain numbers - I.e. Closer to 0 - like 10 or 30 have a larger deviation than higher numbers?
If you can explain that so it makes sense to provable fair I will personal help promote your site all over the place and mention it as an A+++ site in every comment and post I ever write again -
Is It righteous to not respond to me and hurt a minnows posts and following because I had called out the website as not probably fair ? Is that the STEEMIT way? I put a lot of work and effort and donated money to your cause simply to help prove my case.
How many people would waste almost $45-50 with an account valued at $98? To try and help the community?
Honestly, you're a pain in the ass.
You certainly have a point with the 98%+ bets getting accepted, that could and should be changed. The invalid amount message for smaller bets was included as the first one came up with the idea to use those to circumvent the fees - a quick fix, the other direction wasn't abused ;-)
Too small bets shouldn't go through the GUI at all, that's a bug.
You can get as many actual results as you want, there are about 15 million on the steem blockchain so far, and a new block gets added every 3 seconds.
To respond to you I need to know that you exist and wrote something. I checked your posts as soon as you dropped me a message below one of the daily posts. The flags are not for your reputation, but to suppress the big uppercase title saying "shut the scam down". They can of course be removed if the title and the false accusations and threats in the OP get corrected.
Ned did not delete my email as I did not email him - A friend of his contacted him and his response was - "This will be dealt with.." That is alll I know from Ned's opinion -
Heh, okay, whatever :D
How should a whale be allowed to flat for false accusations when the primary issues with my statement of a fair game still remain to be disproved. I think you are underestimating the fact that the margin of error is not consistent in correlation to the sample size -
Once again. The result is decided by the blockchain, not by any central instance.
If you prove that sha256 hashes of random data don't allow for generation of results for a "fair" dice game, none are "fair".
Changed Titles, Deleted any negative content directed toward your site, edited delete comments - looks like you've already had your people delete my 2nd and 3rd downvote ever on STEEMIT - It pays to have clout on STEEMIT aye?
I don't expect you to be online 24 hours a day however I do suspect you are part of a team as you had another account downvote my post.
Hopefully in 12 hours or so I'll be able to see the "hidden" posts and watch their value climb to .... Zero - That was scarcasm - as stated damage is done to me - and loss of followers - please be a stand up person and make the same changes I have and let by-gons be by-gons
You are on track to gross in the multi 7 figure range this year tax free on STEEMIT - I'll likely remain near poverty level as the WHALES get larger and the minnows swim blindly - Namaste - No bad blood I hope
Delete others downvotes? Team? Multi 7 figure? Tax free?
Damn, you're even more delusional than I thought.
Delete others downvotes? Huh?
I assumed you had another person at least supporting the website - My apologies for assuming. Maybe not mult-7 figure / but don't underestimate yourself man -
Lastly - Yes you are correct about not being tax-free - Sucks that when using a decentralized blockchain - the Govt still takes a piece aye?
Thank you for deleting the downvotes and If I missed anything at all on my end please let me know..
Statistics is a wonderful thing - I'm Sooooo close to having the winning betting formula -
Took a few hours of tweaking but easily turned 40 SBD to 180 SBD on the site - Hoping by Monday I will have a bot in place to generate x1.64 hourly -
The irony of it all. A little bit of humility and game changers arise through applied mathematics theories from 8 centuries ago - who woulda thunk..
Catch ya on the flip-side -
Delusional - I've been called much worse. However I suppose most actuaries would consider themselves slightly delusional to some degree - So I can't agree that my friend - Have a splendid life!
It's called variance...please don't burn yourself!
This post has received a 1.19 % upvote from @booster thanks to: @krytonika.