Error comments on [LINK] Intrade Shuts Down - Less Wrong

9 Post author: Douglas_Reay 15 March 2013 09:12AM

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Comment author: Error 15 March 2013 10:16:54PM 7 points [-]

If anything they seem to overemphasize low frequency, high-penalty threats. Or at least low-frequency, high-drama ones. Consider gun murder, terrorism, and child kidnapping; versus car accidents or family sexual abuse.

Comment author: Viliam_Bur 16 March 2013 12:32:09PM *  6 points [-]

Maybe it is just a black-and-white thinking from most people. Either you trust online casinos, or you don't. If you don't, you don't use them. If you do, you don't use special cryptography to prove that they don't cheat.

And the few people who understand cryptography and want to use online casinos and have a healthy degree of suspicion... are not enough to create a profitable market.

You could create a software which is easy enough to use, and then it would be used both by people with the healthy degree of suspicion and people who don't care about safety. But 99% of them would also use a software which is easy to use and not provably safe... which is much cheaper to develop.