As you may know Magic Dice organizers seem to have disappeared completely, with approximately 190,000 USD of capital from the users. (Source: @themarkymark) I suppose the use of Smart Contracts – depositing the cryptocurrency in the blockchain until certain requisites are complied – would have the advantage to avoid such cases. Because:
“A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties.” (Source)
That means, organizers could renounce to store values, until a rolling round is over, and only cash-in the lost amounts. Or am I wrong? Can frauds like Magic Dice be prevented?
(Photo: Own work, public domain)
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