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RE: Did Magic Dice just exit scam?
I seriously feel that cryptocurrency creators should start to put in some stop gaps on tokens and dapps that use their currency. Otherwise these exit scams are going to run rampid in 2019 - 2020 and hold no one accountable. It most likely will also destroy cryptocurrency.
I don't know if destroy is hyperbolic, but it's not a bad idea...
It damages trust like right now myself I don't want to invest or keep my crypto anywhere else but to myself lol and normally I am a very strong investor.
Invest or speculate?
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I know I shouldn't, but,
What's a stop gap?
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Not sure but just like with a DPOS where votes determine who is mining the new tokens and keeping the blockchain intact perhaps a vote of confidence per each dapp. There has to be something otherwise this will continue to happen. This is the 3rd program this year that I know of that took steem funds and ran.
What if there is absolutely nothing, as you are probably starting to suspect, that can be done, without completely undermining the trust of the community by creating a position of power that could bring down the whole system if they were a bad actor? By making users transactions be possibly "locked" you've literally undermined the entire premise of censorship proof and decentralization and opened an avenue of abuse that would affect anyone, not only the idiots that chance it on these OBVIOUS scams, obvious as they come without any way to audit them or from known/trusted actors and generally make promises that no one can hold them to keep.
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What if instead it went by votes of the community not one single person. There honestly has to be some type of accountability otherwise there is nothing to stop it from happening again and again and yet again.
How would that work? What would stop one person with thousands of accounts to lock funds up at their behest? What would stop one whale from doing it?
Do you honestly think that you can prevent these things from happening?
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