Why I believe in Provable Fairness
Bitcoin was created on the principle of trustlessness. Back when it was created, it didn’t attract the same attention that it does today. The people that worked on and built the Bitcoin ecosystem did this because they didn’t want to have to put their trust into anybody.
Provable fairness was created as a direct consequence of this. People looked at traditional gambling and saw something that could be improved upon, something that could be changed the same way they looked at money and thought of Bitcoin. The result was the first completely trust less gambling system the internet had ever seen, and it sparked a boom. Although the system originally only applied to generating random numbers for dice, the process was quickly adapted into many other games and a whole new community was formed.
But as Bitcoin grew more and more, and started attracting different people, some joined the community that weren’t familiar with these systems. These people didn’t understand the significance of being provably fair, or what it really meant. Later on, some people with a lighter sets of morals started trying to take advantage of this lack of knowledge. Some of them used software they bought from some other companies. Or worse, they created systems that at first looked to be provably fair, but upon closer inspection, contained holes that made it difficult for users to keep the site truly provably fair. These people looked to take advantage of newcomers that didn’t know the reasons behind this technology that had been created for the benefit of the user.
This is an opportunity to be reminded of why provable fairness was created. People need to be educated, without getting taken advantage of. I believe in provable fairness because it shares the same core principles as Bitcoin itself, and once people see and understand it, they will see what an amazing thing it is.