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Using Bitcoin for universally trustless randomness

http://pastebin.com/Bwr05Hza

by anon012012 • 12 years ago

4 4 12 years ago

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4

vojfox• 12 years ago

This is related to how Bitcoin gambling sites can be made to be provably fair.

nightcracker• 12 years ago

This assumption:

As no single party has the realistic power to find 2 solutions before others.

Is false. A 50% attack on the network is almost impossible, but a 5-10% is pretty reasonable. With 5-10% computing power you'll have quite a significant chance to find 2 solutions before others.

anon012012• 12 years ago

I see, thanks for pointing it out! It'd only be trustless for minor decisions, then, not worth risking the 1st hash reward to find another, and that's not very interesting.

striking• 12 years ago

Is now private? I can't see it.

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