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Random runner bitcoin slot
In online bitcoin gambling sites and land-based casinos, slot machines operate that depend on a random number generator or RNG to ensure randomness. In these machines, bitcoin software has random, unpredictable numbers displayed on a screen.
«The odds are the odds» in online bitcoin gambling as more sites start offering games with payouts in bitcoins, said a spokesman for a UK-based site called SatoshiBet. «There’s nothing you can do to change the actual outcome of the game.»
But the same technology could be used to fix the lottery’s RNG, or to cheat people into buying bitcoins to win a lottery jackpot, the spokesman added without elaborating.
Bitcoin’s random number generator has become a hot topic as the digital currency becomes more widely used, drawing comparisons to the technology used on the web’s most popular gambling sites.
The same technology is used in bitcoin, but it uses a different algorithm so that the odds become much more predictable, said Sean Gourley, a computer science student at the University College London who is studying how blockchain can solve gambling problems such as the lottery’s.
«It’s a very secure mathematical system that makes a lot of sense,» he wrote in an account of his research that also compared bitcoin to a casino game. «Unfortunately, nobody’s come up with a system that works much like a casino slot machine, and nobody seems to have tried to replicate that for a gambling site.»
Gourley’s research was funded by the National Lottery in England and was published in July this year.
In bitcoin, the RNG is designed so that only the owner of the bitcoin wallet has access to it. But to ensure the RNG is reliable, it is spread around. One address is used to store the random number seed, while another is used by a miner for generating the actual bitcoins.
As the number of transactions increases, it becomes more difficult to control bitcoin’s number of bitcoins, making it more expensive for the currency to continue with its current number of 1,000, said Jeremy Rubin, a researcher at Microsoft Research in Washington.
«The current number of bitcoins has been decided with an exceedingly poor degree of randomness,» he wrote in June last year. «There is absolutely no reason to believe that the current value of bitcoin should continue to increase as it has.»
One Bitcoin Foundation member, who asked to remain anonymous given the group’s strict policy on discussing internal discussions, said it will take a long time for bitcoin to achieve anything approaching the same levels of confidence as the lottery’s.
«It’s a big leap to do everything the lottery
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