View this post on Hive: Is Magic Dice Provably Fair?
Is Magic Dice Provably Fair?
6 years ago by themarkymark (78)
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Hi @themarkymark, cool idea to cross-check the MagicDice results! With a total of around 13M STEEM sent there up to now, they'd better be fair :) Even though there are methods and scripts provided by MagicDice how results can be verified based on the retrospectively published seeds, the server seed generation itself is not included there. However, this also means that your contribution is unfortunately not in the scope of Utopian since MagicDice is currently not an open source project. Nevertheless, nice work and important results for MagicDice!
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Thank you for your review, @crokkon! Keep up the good work!
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Magic dice is awesome too, one of the cooler things happening on this blockchain
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That's great news. At least there's some great fact checking going on.
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Rip my poor Steem
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I like the idea of stacking SMTs while playing. Of course, not being completely tethered to the nonsense of steemitdotcom is a bonus too.
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The rolling dice is very similar to https://freebitco.in's one. I used to play that and I think they are probably fair.
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Just because one is doesn’t mean they all are.
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That's awesome - thanks for confirming! :D
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Interesting information! But was there a selection among the winners and losers, what percentage remained in the plus?
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My first magic dice rolls. I want to continue the experiment, but my wallet was devastated. I think it can be a very short example, why any cool Martingale-like strategy will fail at one fine moment. I will play only card games now :D
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Hi @themarkymark!
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What is the chance to lose a bet 10 times in a row? And what is the chance that the same number will fall out of three bets twice? We tested in one day, 100% it will happen.
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It happens a lot strangely enough.
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Thanks for the info. It would be interesting to see if they will stay that way. Maybe you should check them again after several months.
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According to my past experience on Dice game platforms, they all claims their games are Provably Fair.
But in reality, suddenly a losing streak over 20 losses in a row will happen when your account performance is good, which over 25% earning.
Anyway, this is just my past experience. Maybe MagicDice is really Provably Fair up to today.
I share one of my posts related to MagicDice here for the reference.
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Yeah, the streaks are concerning, I see 10+ and even 20 losing streaks far more often than I would ever expect with 50/50 odds. Easily 3-5+ 10+ streaks an hour. I've had multiple 20+ streaks.
I need to look at the algorithm closer and see how it works. I took a bird's eye view on the end results, but the streaks are really what makes/breaks it.
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Does this mean you don't see a similar winning streaks as often as you see losing streaks?
If it's so, I doubt your observations.
Anyway, waiting for an update about an audit of the algo from you.
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I see streaks on both sides, but streaks is what kills any strategy as it doesn't matter the direction.
If your betting 1 Steem, and you get a streak of 10 wins, you make 10 Steem. But when you get a streak of 10 loses, you lose 1500 Steem.
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True. A loss of 1024 STEEM to be precise. But if one could always win, how will a casino run its business :)
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Thanks for this, I have played a little and this is reassuring!
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