Solving the just-dice investor problem

[Overthetop]

Right now is the prime opportunity to grab market share, since Just Dice has just closed its doors today due to Canadian regulation. Too bad we don't have a working product.

Yes, if we got Lottoshares running , It should be a great opportunity.

[kokojie]

Right now is the prime opportunity to grab market share, since Just Dice has just closed its doors today due to Canadian regulation. Too bad we don't have a working product.

[Rococo]

Or at the very least the site operator not being able to run off with the funds

[kokojie]

yep if someone figure out how this will work in a decentralized fashion, it'll be a killer p2p app

[Rococo]

I'm curious if there are any solutions out there to secure investor funds (and player funds) on a site like https://just-dice.com/.

I asked dooglus, the sites founder, if some type of multisig would be possible and this was his response: "I'm not sure how that would work, if you mean the investors should keep control of one of the private keys.  An investor could withhold their key and refuse to pay out a winner on the site.".

There are currently 41 000 BTC invested in the site with absolutely nothing stopping the operator of leaving with the funds.

If no solutions are currently possible, it would be nice if we started a discussion on how we could solve this problem.