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RE: 7 Facts about EpicDice VS the vanished MagicDice

in #epicdice5 years ago

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...

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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. :)