2-of-3 multisig doesn't help you if the holder of the server seeds is corrupt because he can use the server seeds to win the majority of the bankroll and then the other multisig key holders have no choice but to allow him to withdraw the coins.
Ultimately, the server "knows" what rolls are coming up, and so the guy with access to the server also knows, and can abuse that knowledge. It's crucial that the investors trust everyone with server access.
are you saying that there is no 100% bullet proof solution to secure the investors coins? IMO this would surprise many investors because many investors believe that their only risk is the person they trust their coins/investment will run away with the coins
from: dooglus on December 06, 2015, 11:48:20 PM
It sounds as if you are making changes to Bet King that could potentially risk the funds of the investors - ie. you're switching to the MoneyPot model. That includes exposing your investors' coins to games with less than 1% house edge, which they didn't sign up for. It would be better in my opinion to require the investors to withdraw from the existing site and deposit to the new one. That way you are sure that they consent to the changes you are making.
I understand your point but IMO the investors could divest before their coins are moved to MP or immediately after it is moved to MP or am I wrong?
from: dooglus on December 06, 2015, 11:48:20 PM
That seems unfair. He has been an ass at times in the past, but it's not fair to assume that he will behave badly in the future.
It will be interesting to watch and see how everything works out.
if those 3 user are right that would mean that Ryan did not do his homework or he does not care to whom he sold MP. difficult to believe at least for me and I understood that Ryan sold MP to a group that not yet included Dean/BK and in this case the initial group who bought MP is to blame that they did not do their homework or they don't care because 3000 BTC BR is a nice starter
how could all of this harm the app owners? at what risk are they?
regards
All I've read from people is unsubstantiated claims as to why Dean is a bad match. This means absolutely nothing. Ryan didn't sell MP to Dean, he sold it to myself and a few others that are a team here. WE included Dean. Ryan is fully aware of this.
So much misinformation in this thread it's ridiculous. We don't even have control over the site. Worrying about it is meaningless at this point. We welcome those that trust us and want to move forward with us. Those who don't are free to not invest. It's really a personal choice. But these FUD statements are just that: FUD. Adding Dean was NOT a spur-of-the-moment decision. We discussed it. We evaluated it. We decided it was the best move going forward. It wasn't a "I want Dean so I'm inviting him whether you want him or not" situation -- as a TEAM, we took all available information and made our decision. We don't operate based on one ONE person wants. We work TOGETHER.
MP is a BUSINESS. Not a small website that just kind of floats around. I know this is different from most "businesses" around here (in that 99.9% of the owners have no idea what they're doing and think everything's a get-rich scheme) but some of us actually understand business principles. Give us time. Quit with the FUD. If you want to make claims against someone, do it via PM and at least substantiate it.