BitShares Forum

Other => Graveyard => DAC PLAY => Topic started by: Rococo on June 03, 2014, 04:40:33 pm

Title: Solving the just-dice investor problem
Post by: Rococo on June 03, 2014, 04:40:33 pm

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.

Title: Re: Solving the just-dice investor problem
Post by: kokojie on June 03, 2014, 06:54:29 pm

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

Title: Re: Solving the just-dice investor problem
Post by: Rococo on June 03, 2014, 07:02:44 pm

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

Title: Re: Solving the just-dice investor problem
Post by: kokojie on June 24, 2014, 01:22:58 pm

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.

Title: Re: Solving the just-dice investor problem
Post by: Overthetop on June 26, 2014, 02:18:21 am

Quote from: kokojie on June 24, 2014, 01:22:58 pm

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.