Is there really any extra risk when a game doesn't have a website?
SatoshiDice could easily operate without a website. All they need is the blockchain and somewhere to publish their addresses. A forum thread could work for that. I don't think a web presence really reduces risk at all. Pirate had a website. So did BitcoinMax.
If the operator decides to run off with people's bets, having a website isn't going to stop him.
No but it does "ever so slightly" increase the effort required to pull a con. A forum post is 2 minutes of effort at the best made at no cost to the operator.
Those that couldnt see Pirate coming despite me and everyone warning them were greedy fools thatw were bound to loose their bitcoin to one con artist or another.
Where's the fine print? https://bitcointalksearch.org/topic/closed-dabs-lotto-number-1-winner-congratulations-to-1myjkap-202063 doesn't mention anything about 20% being held back. In fact it explicitly says this, which implies no more than 5% is held back:
[...] 95% of tickets sales go to the winner.
Jesus titty fucking christ, nice catch Dooglus.
Is there really any extra risk when a game doesn't have a website?
SatoshiDice could easily operate without a website. All they need is the blockchain and somewhere to publish their addresses. A forum thread could work for that. I don't think a web presence really reduces risk at all. Pirate had a website. So did BitcoinMax.
If the operator decides to run off with people's bets, having a website isn't going to stop him.
It's an interesting point and I guess you could say it simply reduces exposure, nothing more, nothing less.
It also inherently shows that the owner has dedicated more time to the project. If a gambling operation has a nice website which has obviously taken a lot of time to set up, they will be less likely to disregard that effort/time by 'running off' with money.
Time to post a thread on here: 20 mins? Sometimes more if you went into deeper detail like Dab did.
Time to make a nicely designed website: Hours
Obviously some websites can take small amounts of time/effort, but it's pretty obvious when it's not that case.
Thats it Zaih, its "Proof of Work", while the difficulty is set low its better than nothing
Thanks, very nice analogy as well
Our website definitely is "Proof of Work" , its sucks i I know but there is no question plenty of effort is spent on it