Is it unethical to invest in a DAPP casino?

By FastWind | FastWind | 26 Feb 2020


In the DAPP scene, especially on the Tron network, casinos are shooting up like mushrooms. After all, it's a lucrative business - mostly in the Ponzi area.

Funnily enough, most casinos are not DAPP applications at all, but rather hybrids that accept the crypto currency but do not run on the block chain of the respective currency themselves. - But nobody is really interested in that anymore, because it is about making money and not about some idealism on the part of the developers.

The advantage of TRX DAPP Casinos is that you can play very anonymously and can easily pay out your winnings. Only a Tronlink Wallet is necessary and of course a good portion of TRX.
Most faces behind these casinos remain hidden. Even with alleged licenses, these are completely useless, since mostly bought from Curacao. They do not offer a real player protection and every user has to act very self-confidently, because in case of a total loss he cannot sue anybody.

For many people the most important side effect is the mining while playing. For a certain number of converted TRX the player receives a token, which he can freeze and thus participate in the dividends of the casino.
For this reason, many people simply play relatively risk-free - they do not play - they call it Mining. In the hope that the casino survives and they benefit from the dividends.

In most cases, however, this is completely utopian.

Only the early bird is able to catch the worm.


To come back to the question of whether it is immoral to invest in a casino in this way, there is a clear answer:

Yes, it is immoral.

If you have a good feeling about a casino and you can play there to win - or even lose once in a while, then that's one thing.
But if you lure more and more people into a Ponzi scheme through your activities, then that is immoral.

Hence my tip: Play when you feel like it. Win - and I wish you good luck. Have fun with the Dapp - but keep your hands off the so-called mining.

Good luck,
FastWind

 

And if you have become curious, here are a few current casinos from the DAPP scene:

One of the oldest:
WINk

One of the biggest:
888tron

Upcoming new Hybrid Casino:
BETFURY

Very new DAPP-Casino (a real DAPP Casino)
FIGHTRON

And last but not least:
WHEELWIN

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FastWind
FastWind

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