Bitcoin-based casinos are reporting pretty serious, six-figure profits on a series of games wherein players' apopheniac tendencies cause them to hallucinate non-randomness in the performance of a pseudorandom-number generator. The casinos claim that their financial numbers can be trusted because of BitCoin's shared logfile, which can be parsed to show their earnings.
SatoshiDice, which has servers based in Ireland, is a pseudo-random number generator game where players choose a number and then bet on the likelihood that a “rolled number” is greater than the one they’ve selected. If the rolled number is greater, then they win. The house has a 1.9 percent edge—which is where the profit comes in.
The online dice game has returned profits to the tune of ฿33,310 ($596,231) during 2012—an average actual profit of ฿135.96 ($2,416) per day from May through December 2012. During that period, players put down a total of 2,349,882 bets. That’s still minuscule by Las Vegas standards, but respectable.
bitZino, by contrast, released its figures in early January and seems to be doing a decent pace of business too (bitZino's bookkeeping only measures June 9 to December 31, 2012). The online casino—hosted in the US, offering online poker, blackjack, craps, and roulette—did not publish a profit and loss statement. bitZino did say it had paid out ฿28,986 ($495,000)—and that 3.2 million wagers were made during H2 2012.
Bitcoin-based casino rakes in more than $500,000 profit in six months
Twitter user LDLDN posted this image of a racist National Front poster on a lamppost in Camden, a neighborhood in north London — a relatively affluent, diverse neighborhood dominated by a giant subculture market, two huge train stations (St Pancras and King’s Cross), a university, and the British Library.
The ACLU is suing to repeal parts of the Computer Fraud and Abuse Act (CFAA), a 1980s-vintage hacking law that makes it a felony to “exceed authorization” on a remote computer, and which companies and the US government have used to prosecute researchers who violated websites’ terms of service.
June’s Decentralized Web Summit at San Francisco’s Internet Archive was a ground-breaking, three-day combination of workshops, lectures, demos and a hackathon, all aimed at figuring out how to restore the decentralized character of the early internet — and keep it that way.
If you’ve got a coding career on your mind, few programming disciplines will take you farther than a commanding knowledge of the Python language, which is not to be mistaken for parseltongue. Its versatility and ease of use make it a go-to for any coding project…so master Python now with this all-inclusive all-level python programming course […]
The realm of web development is constantly evolving. New platforms, languages, and processes materialize all the time, so staying on top of all that innovation is a tall order.Whether you’re brushing up on new tricks, starting from scratch, or just looking to make your own website a little jazzier, Rob Percival’s new Complete Web Developer Course 2.0 (now […]
Folks used to rely on alarms to protect their home – and before that, the family dog. Now, anyone looking to guard their homes can choose from some high-tech options, including the Amaryllo iCamPRO FHD Home Security Camera (now just $219 in the Boing Boing Store).In fact, this 2015 CES “Best of Innovation” award-winner boasts so many features, it’s […]