My opinion for the most popular SMT of Steemit
Dear Steem-bountiers
today i would like to talk about the most popular app connected with SMT in Steemit:
MAGIC DICE.
I got to know it from my @steem-bounty firnd @vimukthi which is a very reliable user of Steemit.
In his post there was write exactly what Magic Dice promise:
Magic Dice rewards users for playing dice, referring new users or delegating STEEM Power with MAGIC tokens. MAGIC token holders will receive 40% of the profits that Magic Dice generates as daily dividends. There are 7 billion MAGIC tokens and 70% of the tokens are distributed to players on Magic Dice.
Basically this app coming from the anarchy of Steemit, where right now everybody can do own tokens promising that they will be connected somehow with Steem, but nobody know when and how if it will be!!
So now i would like to share with you my impressions about it.
First this is a betting site, where you can loose all your savings if you would not be able to control yourself during playing.
The first mistake on this site, there is not any advise about play with careful, just they pretend to be legit showing off their number are random and there is not any software can control it.
Second consideration is about the number of tokens, they say total will be 7 billion, this means the total amount of tokens are almost 30 times more than Steem, so what value they could expect if not just a worth of millicent of Usd.
Third consideration is about delegation to them, with 100SP you got 50 magic tokens per day right now (before was 100 and they will reduce more in the next future)
Last consideration is that with such delegation after almost 10 days they are giving really worth of millicent of Steemit, which is completely unconvenient compare with the rest of market paying ROI.
So in my opinion this is not a place where to invest any saving, if you are expert of casino games you could know that you can loose all your saving if you are not responsible gamer.
Anyway if you are interest on this app and you want to join you can use my referral and i will be happy to find some friend share it with me, but always with responsibility:
https://magic-dice.com/?ref=intellihandling
As usual i setup a bounty on it, come on my friends...:)))
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I have been playing personally and was hoping that the dividends would keep paying out as they had been, but it's dropped off a TON. Either way I enjoy playing the game and happy to make whatever I happen to make on the dividends.
Everyone is currently on the Drug Wars kick, but it is also having drastically decreasing rewards and people need to realize that trend will continue. We are using drug wars to generate income for PIFC, but know that over time the income is going to become a trickle.
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Hey yeah i was totally saying the same thing to my tg friends that these divident sharing sites with huge token supply is not worth to invest in if there is not much to invest with but who knows the total divident shares might get increased in the future
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Dear my friend, thank you for the comment, i would like to ask you if you can help me to support @steemchurch in this contest:
https://dpoll.xyz/detail/@theycallmedan/which-steem-project-should-i-delegate-20k-steempower-to-for-1-year/
They are supported by @crypto.piotr, our @steem-bounty friends, so if you can do i will be very grateful
already voted 🤗👍
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I love it, but suddenly i cannot play due to it:
I think you should find some way to power up or getting delegation to increase your RC, i was in the same your conditions about 6 months ago and it is not at all nice situation...:(((
Thank you for your introduction.
I played this many days.
Lose 70%,
Win 30%.
Occasionally play,
But don't be addicted.
She currently had paid.
With the issuance of tokens,
The payment rate has started to decline,
So everyone play it please small small.
I have not checked out this magic dice app. I hope I will soon. I'm supporting this post with an upvote and a comment because you pimped you post at @pifc "pimp your post" post.
Thank you @intellihandling
By that logic, Tron and TronBet's ANTE tokens... even BTT should be worthless. That's just not how token velocity or price action works.
The objective of these games is to hoard as much dividend tokens (MAGIC in this case) as possible by taking low risk bets and growing your share of the house.
That's the difference between blockchain casino dapps like these and traditional casinos; you have the opportunity to own a part of the house in a provably fair environment.
Gambling is a part of human nature, a community without gambling is like a relationship without sex; it just won't work. This has been proven historically. The caveat here is that for those who don't want to make high risk bets (like myself) can still earn by owning part of the house.
There's a couple more games like these now, I'm also interested in MoonSteem and DrugWars but my current favourite project is SteemBet.
I setup a bounty for up to 77 Steemers to try SteemBet for FREE:
Cheers!
you Not play man, It smart...
I play my friend, but with moderation...:))
I am not playing magic dice I have lost largely in every gamble I can remember being involved with but I still have lots of magic Tokens which I got from delegating to them.
@magicdice is doing very well in rewarding players by giving them upvotes from time to time.
Sure, I will play @magicdice if I had to trying out an dApp on
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Delegating to a Gambling site is just a plain bad idea, the return is way better when you actually gamble. Most people think it's all about luck, there are some ways to increase your odds and these numbers aren't purely random there is a function behind it. There are also ways to increase your luck. Cats are luckily creatures for example, so are green plants, facing East, certain numbers like 8 and doing specific activities between rolls. Sounds ridiculous right? Well some people are lucky and others aren't. There's a reason for that, the most unlucky people walk through life thinking they are losers, it's just a bad vibe. Think positive!
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