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
In other words we cant have a perfect solution to this and it is not a secret anymore that the holder of the server secret will have access to the "funds" in other words he can win since he knows the upcoming roll , doesnt really matter whoever holding the funds
This should never have been any kind of secret. I was under the understanding that it was generally well known that if a casino owner was going to cheat their investors they would more likely gamble knowing the server seed rather then simply run away with investor funds, as this gives them somewhat of the ability to deny they actually stole from their investors.
If you were not even aware of this risk, then you probably should not be investing in casino bankrolls
The tl;dr to this is really just that... if you don't trust the person running a business, don't invest in it. Gambling or not. Virtual or B&M. Stock or bond. Loan or raffle. It doesn't matter what it is -- either you trust the person running it or you don't. Owners ALWAYS have access to everything. If they didn't, they wouldn't be able to control anything.