Another important threat in the bitcoin space is investment based sites, there's absolutely no way to know if the owners will play against the house and steal from investors in an undetectable manner.
Can't agree more. I am not sure if many investors are aware of this possibility especially the ones with relatively high Profit/EV.
Stunna always bashes crowdfunded bitcoin casinos.
I can see why but people are smarter now and no one is investing large amounts in new sites with questionable owners who are likely to scam (Dicebitco.in and dice.ninja).
I wonder what his honest opinion is on BetKing.io/me when it comes to trust and investing.
But your argument doesn't make much.
If the Profit/EV is high then it is far less likely that the owner has been cheating the investors. If the owner was cheating then the Profit/EV would be lower.
Of the 5 Bitcoin investment sites on dicesites.com only 2 are under EV and people could accuse them of playing against investors.
People think SafeDice is legit though and is just below EV because of their risky invest model and were unlucky.
I've never trusted Bitdice so I won't go into that.
BetKing.io has a profit/ev of 140% so it strongly suggests that there is no cheating going on of investors.
Good job it's also provably fair so you can prove the house hasn't cheated players too
I've proved over and over that your funds are safer in BetKing than any other crowdfunded casino and it is a fact that it is the most trusted.
Primedice is certainly more popular but Stunna doesn't secure as many Bitcoin of other users as BetKing does at one time.
Though he may very hold more than the whole of BetKing in his own personal wallet
Moneypot looks like it might be safe to invest in as a couple of their owners (not all) are respectable members of the community, though the owners have only had it for 5 months so who knows.
SatoshiDice you would think would be safe since they have been around a long time but it seems common knowledge that they have changed owners more than a few times.
In response to OP. That is an interesting claim and I will look in to it a bit more. It would be good to see some ideas of solutions to the problem.
As long as investors don't have their part of control over random seeds, there is no way to be sure that they are not robbed. Ofc no one will invest in casino with negative monthly profits, but still it's quite possible that somewhere investors are robbed of their share, and it's completely undetectable. Reputation wouldn't mean much, because there's almost zero risk of being caught doing it.
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