You are viewing a single comment's thread from:
RE: 7 Facts about EpicDice VS the vanished MagicDice
Hi Blocksensei, can you please tell us who owns or operates Epicdice? I am curious why the programmers and beneficiaries choose to remain anonymous. Don't token/share holders have a right to know?
It is a fair request from shareholders, but it doesn’t make sense in current circumstances. You don’t need to know who is behind the scene to use the service. It is not the “real identity” that should gives confidence to the players, instead it should the transparent system design, the smooth gaming flow, the presence of support, the fairness under mutual governance, and more.
You don’t need to know who is running the service to win a bet from the platform, just like the house doesn’t need to know who the player is to distribute dividend/bonus/winning wager. Do we know what is your real name? We don’t even know if you are a cat sitting in front of PC! But the house doesn’t care, as long as you are holding a valid share, your claim for the bonus is valid, and should be honoured as always.
It is possible for the team to expose their true identity, in exchange of that, it will be reasonable for asking users to complete KYC process in order to take part in the game. Just like how all the ICO and exchange is running their business.
Are you willing to turn in a photo of you holding your passport with a paper stating today’s date, for the sake of some casual fun in rolling dice?
I don’t think so. Welcome to world of blockchain gambling.
You mentioned transparency in a few of your points and it was the main subject of your post. Epicdice claims to be transparent, yet you are hiding your identity behind eloquent words. I am just calling you out saying that you are not transparent because you refuse to identify yourself or your employers.
Let's make this clear, hiding your identity when I requested to provide it is proof that you are not transparent. No offense personally. But saying that "transparency matters" yet refusing to identify yourself is hypocritical. You could be good people, then again you may not be, we don't know as you're not being transparent.
Well, EpicDice does not looking for absolute transparency, we make whatever transparent as we could. If people fail to accept that at our best effort, they walk away and we respect that. It is relatively the most transparent blockchain casino, or it is not if you can name a better one.
There is a reason why you are not identifying yourself and that reason is not virtuous. Otherwise I agree that you are relatively transparent.
Posted using Partiko Android
Aren't the reason not obvious? EpicDice is not licensed, blockchain gambling is in gray zone, the team rather not expose to necessary risk in real life. The owner is not hiding for a bad cause. This is actually applicable to most blockchain casinos you could find out there.
Thank you for being honest
Posted using Partiko Android
Well, if people would've known that zombee was the owner of MagicDice, they would most likely never have been so successful, so being honest, open and willing to reveal the true identities would certainly be in favour for any dApp. That would be truly trustworthy.
I don't see the point of providing any dApp my personal information, not as a customer... But I do see a good point of not hiding behind some anonymous username for a business.
I get it though, not everyone is willing to dox themselves online, for various reasons, but it would be the absolute best trust-building scenario to do so. Any other route would be more time consuming and it would never reach the same level of trust as the identities.
On the other hand, there are multiple individuals on STEEM that are more than capable of gathering information so they could easily dox anyone they wanted too...
Identification works in both ways. You are not walking into the established Vegas casino with a mask on the face.
I'm not trying to tell you that you are doing something wrong or not, I'm just discussing the subject at hand and you have a good point. However, I don't earn dividends from the casinos in Vegas, so the only risk any of them would face by letting me gamble, is if I can somehow cheat the system.
So the identification thing goes both ways in those scenarios. It's for the safety of both parties so to speak. A gambling dApp such as yours, or any other business oriented dApp that allows users to invest though, is a different story.
I am well-aware of the fact that EpicDice is the most transparent dApp there is, and I love it. That's also one of the major reasons for me to like, use and recommend EpicDice. But, whenever a dApp is running a profitable business, and allows users to invest, the risk is at the hands of the investors, not the business.
You made a really good point and got me deep. I guess the introduction of token system and dividend pool makes the platform “investable”. But that was never the intention of it since we just wanted to find a way to share profit with users. And I’m afraid removing those elements for the sake of making EpicDice “uninvestable” is the most stupid idea one can come up with.
You are somewhat right about the part that “investable” business ought to be identified and hold accountable. We couldn’t do that. Since investment comes with risk in nature, why not putting the message EpicDice telling to its shareholder in this way:
“We honour every wager and promise a fair payout as always. On top of that, token holders get to share the house profit as a bonus. We also promise to keep on improving the platform while remain anonymous.”
Now it is time for the investor to make their call whether or not to take the risk with statement above.
Well, as this type of gambling is in the grey area, I can totally understand why you don't want to reveal your identities. It's actually a very understandable decision all things considered.
It would've been an amazing, key element for having a superior trust factor though, but you're basically doing the next best thing, and I support that decision.
Just having these conversations makes a difference for people, I'm certain of that, so keep up the good work. :)
This doesn't make sense, you are running a business and you can run away any moment, that's what identity is for.
Posted using Partiko Android
As players are under constant risk of house running away, so does the house is under the same risk should any players found any bugs/loophole in the system and exploit on it, resulting a serious damage to the house. House is not superior to the players, both side bears the same amount of risk, if house is not more vulnerable.
Again, are you ready for giving up your identity so you can be classified as legitimate player to have direct interaction to the house fund?
Again your argument makes no sense.
Posted using Partiko Android
By how?
House edge of 2% more than makes up for the risk of bad coding and loopholes. I understand with dividends, referrals and various betting strategy house edge can be reduced, but no matter what house still has edge.
There are lots of registered casinos that take crypto. Just not on Steem.
Eosbet.io is a registered casino business. If they can do it on EOS, they can do it on steem. Infact it's easy to change Steem to Eos, so there is no point in delay. They also have a ton of games and way better ui.
You guys aren't transparent because you can make an acceptable profit given the risk of not being transparent. Also development is minimal.
However to say we should trust you for this reason is absurd. You are better than magicdice and probably a few others, but it's like arguing about which poisonous snake I would prefer to bite me.
Obviously trust has become an issue running a DAPP on whatever chain, especially sensitive business like gambling. I get it. Thanks for your voice and we really appreciate it while trying to explore options in strengthen the relationship with community.