It's not their job to babysit the financially illiterate. If people don't like the reward, they can remove their delegation.
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It's not their job to babysit the financially illiterate. If people don't like the reward, they can remove their delegation.
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I am having a hard time understanding your motive to say such a thing. Being an EPIC dice apologist is such an interesting persona.
Were you taken advantage of in a similar way before?
Why you think it is a reward and not income? Do you also think your paycheck or rent is a reward?
It sounds like you are as financially illiterate as the people their delegation program takes advantage of.
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@abitcoinskeptic
Gambling on epicdice itself is very stupid, you have a negative expected payout ratio because of the house edge. And i once spend like a week trying to beat the casino with all the strategies but none work because there is no skill involved with this type of gambling.The only thing you can do is prolong your gambling experience with a martingale strategy but in the end you end up losing so it only makes sense if you could collect some type of tokens for playing. That's basically the only workaround you have. (In theory a martingale strategy never fails but you would need to have unlimited amounts of money.)
The problem with all that delegation shit is that they can't give more then people would otherwise earn. Let's say for example your voting power is 1 steem per day with curation rewards already taken into account. A dapp can't really payout more then your voting power is worth. Most dapps give worse returns then selling your voting power with minnowbooster or smartmarket.
Besides that many people don't understand inflation. You only earn with your delegation if the return is higher than the annual inflation otherwise it makes no sense.
But in the end it doesn't work trying to educate people and it makes no money. Just keep it quite and take the money instead. Let them gamble, i'm market making epic tokens instead :p Casino's are fun! The now closed Moonsteem casino was also like this. You could earn big returns simply by not gambling but doing the math and investing in the casino instead.
I guess a lot of people don't undertand what risk/return and probability to succes means. That's basically how casinos work. Let's say you have 49% win chance and you can earn as much like you gamble. Then 51% of the time you end up losing and 49% of the time you win as much. This is exactly how epidice makes money. Just some basic math even little kids would understand.
I stopped using these dice games a while ago because they quickly got boring. Most of them are just trying to keep up their game. They need constant pressure and monitoring so they don't get out of line. 2 large ones have gone bust and they are all operating in grey and black areas.
Their tokens must be closely watched because of the way they promote these.
Fair enough to call them rewards when gambling. However when delegating it is quite different.
These casinos have a place on the lockchain and I like them EPIC is one of the better ones, but we shouldn't let down our guard.
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