Block Wisdom

By ff055
Category Games
Welcome to a brand new concept in random number seeding. Generating a truly random number is quite hard. You could use the current time, divided by the RPM spin of your hard disk, squared by the temperature of your CPU, and so on. Other extreme methods include measuring quantum fluctuations in a vacuum, see ANU Quantum Random Number. All these methods are fine but none of these are really verifiable by a 3rd party. Whoever running the system can change the outcome. I'm not saying they do, simply stating that if the payoff was great enough to alter the 'reported' outcome if they could. So what's different here? We're using the Bitcoin block-chain itself as the arbitrator. Every outcome is not only provably fair but verifiably fair and immutable. Trying to cheat this system is impossible. Try and guess the next confirmation time or how many transactions. Sounds simple enough right? It's every 10 minutes?
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