RE: Analysis on Profitability of Magic Credits (Magic Dice Shares)
Lets hope that things work out for MagicDice. In my opinion the biggest risk with these gambling tokens is that the business model is very easy to copy.
We already are seeing the next competitor in the space SteemBet and the whole Token economics will start from beginning. That means most of the traffic that is currently gaming MC will be going to the new SteemBet site because their Token distribution just started. And when they are done than the next competitor comes and all the Gambling sites from before are not anymore of interest.
Thats what somehow happened to all this EOS / Tron gambling sites they lost most traffic to competition. I think DICE is the only one who really has a well developed gambling platform with different kinds of games and a great roadmap. So, longterm it really depends on great User interface, a lot of games, Brand recognition, marketing and collaborations.
That's true. The percentage of those who do not play but only farm tokens could also be high.
You mean the "Delegators" who earn MC for just delegating their SP.
Yeah, thats a unique thing about MC I haven't seen on other platforms but I guess with next halving the opportunity costs are rising exponentially. With the next halving you only get 0.5 MC per 1SP delegated e.g. 1000 SP you get 500 MC.
For me that is the point where I see more value in using my SP for other projects or general Voting than to further delegate it to MC. So, I think in the short and mid term the amount of delegators will be reduced dramatically.
No, I mean the players, who farm tokens by playing (me too). I have farmed 100k tokens with 5 Steem. I assume that a very high percentage is not currently playing, but farming tokens. That's okay. But you have to take it into account in the calculation.
As soon as the halving has reached an unattractive value, there will be no more farmers.
haha I took you by yours words. Don't play but only farm tokens = Delegators
If you play with the purpose of farming tokens you are still playing the game and using the platform (wagering Steem).
I think you mean the players who only play because they see more potential in gaining the tokens than in actually winning by playing this game. Yes, with the next halving these players will disapear at some point and only return if the token is tradeable and has good value thru dividends.
Farmers are only active for a short period of time.