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Twitch Reveals When it Will Ban Crypto Gambling Livestreams

The controversial crypto gambling sessions anchored by Twitch celebrities and live-streamed to their followers will be banned effective October 16, Twitch said in a statement. It mentioned that Stake.com, Rollbit.com, Duelbits.com, and Roobet.com, the most notable crypto gambling sites using its platform, will no longer be able to use it to stream their activities.

Going forward, Twitch will identify other crypto gambling sites and disable their access to its platform. 

Twitch Bans Gambling Livestreaming

“Gambling content on Twitch has been a big topic of discussion in the community, and something we’ve been actively reviewing since our last policy updates in this area. Today, we want to update you on our plans…

So, we’ll be making a policy update on October 18th to prohibit streaming of gambling sites that include slots, roulette, or dice games that aren’t licensed either in the US or other jurisdictions that provide sufficient consumer protection,” Twitch said in its statement.

The company also added that it already has a policy to prohibit sharing of links or referrals that feature slots, roulette, or dice games but these rules were being circumvented.

“We will continue to allow websites that focus on sports betting, fantasy sports, and poker… We’ll share specifics on the updates to our Gambling policy soon, including the full policy language, to make sure everyone is clear on our new rules before they take effort on October 18th,” it added.

Twitch is one of the investors in the P2E blockchain-based mafia metaverse gaming platform SYN City. As per a DappRadar report in July, Blockchain gaming and metaverse projects don’t seem to be hit by the bear market. 

Backlash Against Gambling Livestreaming

Twitch, owned by Amazon Inc., has been at the center of a raging controversy over its influencers being paid millions of dollars in sponsorship deals by crypto gambling sites to play live casino games with enormous bets. Inspired by what their favorite celebrities are doing, many Twitch users are trying out and getting addicted to online gambling, media reports said.

In the past few weeks, opposition to gambling live-streaming on Twitch became louder, and several top celebrities threatened to stop using the platform if it failed to act, a Bloomberg report said on Wednesday.

Both Twitch streamers and fans have spoken out against gambling live streams. This week, several top company personalities threatened to stop live streaming on it should it not act on gambling. Some fans have become hooked on crypto gambling after watching their favorite streamers participate, Bloomberg said.

Over $1 Million a Month in Sponsorship

Citing data from TwitchTracker, the coverage said that watching streamers gamble on Twitch is extremely popular. Over 50,000 users can be found watching their favorite celebrities play online casino games like slots, Blackjack, Roulette, and other chance games at any time.

They put their wagers on cryptocurrencies, primarily, Ether and Bitcoin. Crypto casino sites such as Stake.com have paid over $1 million per month to Twitch celebrities in sponsorship deals.

The post Twitch Reveals When it Will Ban Crypto Gambling Livestreams appeared first on CryptoPotato.

Could Taproot create larger security risks or even hinder future protocol adjustments re Quantum threats?

I am quoting here a user named “blk014” who responded to Pieter’s Taproot tweets from 24JAN. I find this user’s comments very interesting and would like to ask a developer expert how much of a security issue this “Schnorr’s linearity” can be in the future process of finding quantum resistant solutions? And how possibly mitigate::Listen

I am quoting here a user named “blk014” who responded to Pieter’s Taproot tweets from 24JAN. I find this user’s comments very interesting and would like to ask a developer expert how much of a security issue this “Schnorr’s linearity” can be in the future process of finding quantum resistant solutions? And how possibly mitigate or prevent this risks in advance?

While both, ECDSA as well as Schnorr signatures are unsafe vs quantum computers, Taproot exploits Schnorr’s linearity for which no quantum-safe replacement is known today. While making Bitcoin quantum-safe is already hard, making Bitcoin-Taproot quantum-safe will be a nightmare.

Enabling taproot now should be supported by a rational risk assessment. The outcome depends on your choice of the following parameters: (1) time until QCs break ECC (2) time until QC-safe taproot replacement developed+vetted (3) time to upgrade network, …

what to do with ignorant/dead user that wont upgrade (Satoshi, address re-users) whose UTXOs become vulnerable by (1)

Given these risks, an upgrade to tap root is not very risk averse, which is the appropriate approach in developing safety-critical systems, and which was followed so far.

It’s not just a matter of priorities, because without taproot achieving QC-safety is hard, but a path is at least on the horizon (cf. current NIST standardization efforts). After taproot, the problem is completely open.

On a final note: I’m not personally against activating taproot (it’s very elegant), but I would also like to have consensus on a rational assessment of the risks that are being accepted here [with Taproot].

The user goes on to describe 3 step approach to a solution, where without Taproot only 2 steps would be needed. But with Taproot a much more difficult 3rd step comes into play:

I think there are 3 major QC problems to solve: (1) find an appropriate post-quantum DSA (2) solve the transition problem before QCs become large, (3) find a linear PQ-DSA. Items (1)-(2) have to be solved in any case, as long as you believe QCs will become large eventually.

And Goolge’s recent Quantum Supremacy experiment is significant evidence that we are on that track. With taproot activated, we also need to solve (3). If we solve (1) and (3) together, this may take too long to achieve (2). That’s the risk we take by activating taproot now.

it might push the the time to make Bitcoin quantum-secure from 5-10 to 10-20 years, as much more research is needed. Risk assessment should conclude whether we have the time and want to take the risk.

Thanks for your expert views on this issue.

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Twitch Reveals When it Will Ban Crypto Gambling Livestreams

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