A Casino On Steem Blockchain

[libert19]

Did you authorize the transaction using steemconnect or used steem keychain? You will see a roll animation, when used with keychain.

Hope I am not being a fanboy? Lol.

I use SteemConnect, I do see the roll animation but it's a little bit delayed compared to other casinos I play at.
The whole experience isn't that great, I mean you can't even autoroll, like I mentioned before.

Off topic question, do you make money with auto rolls?

Auto rolls doesnt mean about profitability it would always matter on users experience, Dice gamers will mostly seek out this feature.

There is 2% house edge, rewards collected from it is used to fund the development and around 60% is distributed to players holding magic tokens.

Its actually high compared on most dice sites as of todays but its considerable yet 60% of it is being distributed with that dividend system.

Not sure if I get it. How would you get the fun if it's on auto rolls and you don't care about profitability either.

Edit: You can use anonsteem to get Steem account without waiting (It costs 4 USD): https://anon.steem.network

So you have to spend 4 USD to have the convenience?
I don't think this is attractive to gamblers, personally I would prefer a gambling site where it's easy to access
or not having much requirement and would be better if I will receive a sign up bonus not that I will pay in order to sign up.

Not necessarily. Go through native steem sign up process, it's free.

There are thousands of steemit users already, so magicdice is easy to access for them. Those who are not can become one or ignore.

[JohnBitCo]

Without any ado, it's Magicdice.

Magicdice is dividend paying casino on Steem Blockchain. Steem being one of the fastest Blockchains around, all transfers and results are done instantly.

Dividend word should have caught your attention, so how do you get them?

You get dividends by holding Magic token, and you get Magic token by playing on the platform (until SMTs arrive, that's the only way to get Magic token). The the more you wager the more you earn. Reward halves after every 5% tokens issued (so the sooner you get in, the better for you).

Current Magic token reward is 25 Magic per 1 Steem wagered.

Read more about Token mechanism

Dividends automatically gets accumulated to you everyday and can be withdrawn once you reach minimum — minimum payout is 0.001 steem/sbd.

To withdraw go here, you will see accumulated dividends, click on 'Claim dividends' to get it into your Steem account.



I have around 60k Magic and above is what I have accumulated in last 3 days.

Magicdice has 2% house edge and only Dice game is currently supported. There is no need of KYC whatsoever.

Tips:

— Only gamble you can afford to lose

— Use blocktrades to convert your BTC/LTC/Ether/.. to Steem/SBD instantly- https://blocktrades.us

— Use steem keychain for better experience— Introducing Steem keychain

— If you use steemconnect to authorize your bets make sure to use your active key and NEVER owner key or master password.

Let me know your thoughts in comments below!

It is good site but only useful for those who already have steem account. I am not a big fan of steem and I really do not see any reason to quit my current gambling site and try out this one. However, generally speaking, This will be a good addition and also it will make steem coin more useable.

[kryptqnick]

Steemit is a cool initiative to support qualitative content about cryptocurrencies. I made an account there a long time ago, but I never started using it (maybe I will once). It's cool that there's a casino on steem blockchain now. However, I agree with other members that 2% house edge is a bit high, and that it's not very convenient that one needs a steem account to even start using the casino. After all, it's not like it's easy and fast to make that account, you know. And it might really scare off potential gamblers, because additional time-consuming procedures are not very encouraging.

[libert19]

Steemit is a cool initiative to support qualitative content about cryptocurrencies. I made an account there a long time ago, but I never started using it (maybe I will once). It's cool that there's a casino on steem blockchain now. However, I agree with other members that 2% house edge is a bit high, and that it's not very convenient that one needs a steem account to even start using the casino. After all, it's not like it's easy and fast to make that account, you know. And it might really scare off potential gamblers, because additional time-consuming procedures are not very encouraging.

I understand, house edge profits are paid to token holders so I guess it's okay

[Mattacoin]

Having tried out Magic dice and collecting some Magic, I can say it's pretty good. Sure there is work to be done, however it's a nice start. Steem has a lot of potential and MAGIC is a glimpse of what the Smart Media Tokens could mean for Steem

[libert19]

Having tried out Magic dice and collecting some Magic, I can say it's pretty good. Sure there is work to be done, however it's a nice start. Steem has a lot of potential and MAGIC is a glimpse of what the Smart Media Tokens could mean for Steem

Indeed, once SMTs arrive Magic and other Steem based tokens will be tradeable and that will probably take Steem Blockchain to new heights.

[AB de Royse777]

~snip~

Native steemit account creation requires phone number to prevent abuse other than that anonymous accounts are possible with anonsteem, steemninja and from other such services.

You can also create directly with your account's RCs provided that you have enough sp (atm minimum is around 5k sp).

I never had a steemit account so I really do not know how it works however if it requires phone number then it's not for me. There are countries where phone number is connected with their national ID cards. So giving the phone number means you are indeed giving away your identification.

[imstillthebest]

~snip~

Native steemit account creation requires phone number to prevent abuse other than that anonymous accounts are possible with anonsteem, steemninja and from other such services.

You can also create directly with your account's RCs provided that you have enough sp (atm minimum is around 5k sp).

I never had a steemit account so I really do not know how it works however if it requires phone number then it's not for me. There are countries where phone number is connected with their national ID cards. So giving the phone number means you are indeed giving away your identification.

You can just use some third party apps that provide a temporary number . most of them are free  . you dont need to risky your own phone number if you were trully afraid that they might expose your identity online .

Anyway even if  have alot of simcards  . i didnt ever try to sign up on steemit because i see that their reward system were a bit too hard and im not really a good poster .

[libert19]

~snip~

Native steemit account creation requires phone number to prevent abuse other than that anonymous accounts are possible with anonsteem, steemninja and from other such services.

You can also create directly with your account's RCs provided that you have enough sp (atm minimum is around 5k sp).

I never had a steemit account so I really do not know how it works however if it requires phone number then it's not for me. There are countries where phone number is connected with their national ID cards. So giving the phone number means you are indeed giving away your identification.

You can just use some third party apps that provide a temporary number . most of them are free  . you dont need to risky your own phone number if you were trully afraid that they might expose your identity online .

Anyway even if  have alot of simcards  . i didnt ever try to sign up on steemit because i see that their reward system were a bit too hard and im not really a good poster .

Or just use services such as anonsteem, they don't require anything sensitive.

[eternalgloom]

Not sure if I get it. How would you get the fun if it's on auto rolls and you don't care about profitability either.

Well, on websites that have autoroll with lots of features you can play different kinds of strategies.
It's also just very handy when you're trying to hit high multipliers, since those require you to roll quite a lot.

As an example, the autoroll feature on Crypto-Games:


Most people actually use that instead of the manual betting.

[Mister1k]

This is a promising undertaking however gambling on steemit blockchain is an incredible thought. Be that as it may, truly, a portion of the general population will in any case adhere to the customary and it won't change yet this is extremely an incredible task and I will hang tight for it.

Incidentally, I don't have a thought of how steemit functions separated from that customary utilization and procuring choices there.

[shoreno]

Not sure if I get it. How would you get the fun if it's on auto rolls and you don't care about profitability either.

Well, on websites that have autoroll with lots of features you can play different kinds of strategies.
It's also just very handy when you're trying to hit high multipliers, since those require you to roll quite a lot.

As an example, the autoroll feature on Crypto-Games:


Most people actually use that instead of the manual betting.

Nice overview . basically im not a fan of autorolls because i dont have high a high bankroll on my gambler accounts  . i will just bet and play manually since im not also in a hurry .

About the steem blockchain . i never heard of it before but i do recognize the steem crypto and the steemit platform .

For now i guess ill only have to stick with the traditional gambling sites that are based on blockchain as they are more stable and and popular .

[libert19]

Not sure if I get it. How would you get the fun if it's on auto rolls and you don't care about profitability either.

Well, on websites that have autoroll with lots of features you can play different kinds of strategies.
It's also just very handy when you're trying to hit high multipliers, since those require you to roll quite a lot.

As an example, the autoroll feature on Crypto-Games:


Most people actually use that instead of the manual betting.

Magic-dice was my first step in gambling, so didn't know some sites provides such so many options, I'll give this one a try.

[libert19]

Not sure if I get it. How would you get the fun if it's on auto rolls and you don't care about profitability either.

Well, on websites that have autoroll with lots of features you can play different kinds of strategies.
It's also just very handy when you're trying to hit high multipliers, since those require you to roll quite a lot.

As an example, the autoroll feature on Crypto-Games:


Most people actually use that instead of the manual betting.

So I just tried the site, missing one thing imo is that switching sides on consequtive losses (that kinda works for me ha!) , for example if one losses 4 rolls in 'under 50' then it'd automatically change side to 'over 50' for 5th roll.

[Ucy]

Anyone used the blockchain and won something ? What is the chances of winning on the blockchain?
Do the steem people have list of daily winners? I guess all these will encourage people to gamble?
What is the price of magic token?

[libert19]

Anyone used the blockchain and won something ? What is the chances of winning on the blockchain?
Do the steem people have list of daily winners? I guess all these will encourage people to gamble?
What is the price of magic token?

magic-dice has 2% house edge, and you can see winnings/losings on site. No price of magic-token atm, once SMTs arrive they will have price.

[libert19]

Magic-dice update: https://steemit.com/steemit/@magicdice/magic-dice-v1-6-leaderboard-over-120k-steem-in-rewards
 
Main points:

- Magicdice has now leaderboard. Top 15 places daily will win magic tokens.

- Updated token distribution. Now, token distribution rate will be halved after every 10% of token issued.

- new game coming soon (lottery or crash).

And don't forget to resteem for a chance to win 300 Steem and 500k magic tokens.

That's all for now. Will keep you guys updated.

[libert19]

Magicdice just pulled an exit scam, and ran away with about 550k steem.

ps: I'm sorry, I'd never thought they could pull an exit scam

[asayoyaasa]

Magicdice just pulled an exit scam, and ran away with about 550k steem.

ps: I'm sorry, I'd never thought they could pull an exit scam

Well, the scam is seen since 4 months ago.

@magicdice is a scam that used an insider who farmed the vast majority of their MAGIC Tokens via an insider deal and reaps over 25% of the daily dividends due to this deal. They are not to be trusted.

[libert19]

Magicdice just pulled an exit scam, and ran away with about 550k steem.

ps: I'm sorry, I'd never thought they could pull an exit scam

Well, the scam is seen since 4 months ago.

@magicdice is a scam that used an insider who farmed the vast majority of their MAGIC Tokens via an insider deal and reaps over 25% of the daily dividends due to this deal. They are not to be trusted.

I ignored it thinking it was a fud.