Don't people constantly move coins in and out of the site? How can you say it all internal?
The amount wagered is all from internal action. From an economical point of view, having the same volume on, say, a merchant is much more meaningful than a the total wagered amount on a dice-site. Why is the volume through a casino any less economically meaningful than through a merchant? |
|
|
|
|
Don't people constantly move coins in and out of the site? How can you say it all internal?
|
|
|
|
I want to have a no-limit casino to invest , like you can bet all the investment , which was like 30k or something , be able to bet 30k than. Thats more fun , casinos should take some courage to run , even if its not your money to run , even better if its like that.
Could not agree more. The fearful investors are messing this up for everyone. If there's no/little chance for the house to lose, then there's little/no chance for the players to win, and the whole thing loses its luster. If you don't like a provably fair game with a 1% edge and a current max profit per bet of 80 BTC, then gambling is not for you. It waaay better odds than vegas and any other bitcoin gambling site atm. |
|
|
|
mechs, do you even realize why most people here are disagreeing with you?
Because they understand math. They know that 1% is the most profitable bet size.
For someone who claims to think 'long-term' you would know that mathematically nakowa would lose all his bankroll if we allowed him to keep playing.
So, you obviously don't think 'long-term'. You think short term because you are a greedy investor who wants the bet size dropped at the expense of other investors who are down and will never be able to recover their losses.
You're basically just greedy and selfish. You want all the reward without the risk at the expense of other investors who now will never recoup their losses.
Once again, I have an opinion but I am not a deicison make. And yes, I want to make profit just as the players do. |
|
|
|
|
So, earlier today, Just-Dice.com has passed 2 Million bitcoins wagered in a little over 2 months. This represents 17.1% of all bitcoins currently in existance. Amazingly, with this volume, the casino is at a 2250 BTC LOSS! Regardless, is this good or bad milestone for Bitcoins?
|
|
|
|
The spread on JD is too large, especially when you can bet at .0000001. There is a reason real life casinos have a spread of min and max on their games. I thnk this is the only part that needs to be adjusted on JD.
An idea for this, and to keep the whales happy by allowing large bets is to have tiers.
Tier 1: 0.00000001 (or however many 0's it is) up to 10 btc
Tier 2: 10.01 to 500 btc
Tier 3: 500.01 and up
(These are random numbers, obv some math needed to get the correct numbers.)
There are casino online that do this very thing right now. Sure, he can just martingale up to max tier 1 then go into tier 2, but that extra level makes it a little more difficult and bot resistant
Dooglus started with the simplest possible simple, since everyone loves simplicity. And he has been making small changes since then as dictated by reality. For example, he added delays for very small dust bets since it was lagging the server |
|
|
|
The 1300 incident is 60/40 Doogs fault. (40 Nak)
This is 60/40 your fault (40 Doogs)
I think you will soon regret this, as a lot of the other top 10 investors are already are.
1. I do not control Dooglus at all, whatsoever. 2. I will take the credit, I am happy about the change. Maybe this way you will bitch more at me who could care less about your opinion, rather than to Doog who for some reason cares |
|
|
|
Also Mechs in chat said to Nakowa , he personally does not want him betting there anymore win or lose because hes an asshole. Is this the type of investors other investors want?
Well, the was preceeded by him insulting me. I do not care about Nakowa. The site needs to be fair, trusted and the best odds out their for players, while a +EV with managable variance for investors. I am thinking long-term, while many of those against change only thinking short-term. Insults best customer - claims to think long term   lol, you've nailed it. Sorry mechs, I don't want to be harsh on you, but scaring away the best possible customer for "your" casino doesn't sounds like long-term planning  You think me not liking nakowa and expressing that since he is a known thief and liar effects his behavior. How many times has he said he will never come back? If he will only play at the site under conditions which put the site's bankroll in extreme jeopardy, then so be it. Let's remember who we are dealing with: http://www.coindesk.com/bitcoin-gambler-cheats-satoshidice-competitor-just-dice-out-of-1300-btc/Guy is a POS, it the truth. |
|
|
|
Also Mechs in chat said to Nakowa , he personally does not want him betting there anymore win or lose because hes an asshole. Is this the type of investors other investors want?
Well, the was preceeded by him insulting me. I do not care about Nakowa. The site needs to be fair, trusted and the best odds out their for players, while a +EV with managable variance for investors. I am thinking long-term, while many of those against change only thinking short-term. |
|
|
|
Who cares what anyone thinks except investors or gamblers?
99.99% of gamblers are not effecting by a 80 BTC profit max (as it currently is and will continue to go up)
Investors did not want the variance, risk of ruin had become too high
Results of this poll are meaningless, and will probably be 1% since it makes for a more interesting show to see 400 BTC bets than 80 BTC ones.
You are starting to resort to untrue statements. After whale winning big 30,000 btc chose to stay invested, only 10,000 btc chose to withdraw investment. That's how the money voted. 75% for 1% edge. I was invested and have never divested. I am happy with the change. I wanted less variance and so do many other investors. Others, like me, stayed invested since so deep in the hole, was an act of desperation. Not rational but that is what it is. |
|
|
|
Who cares what anyone thinks except investors or gamblers?
99.99% of gamblers are not effecting by a 80 BTC profit max (as it currently is and will continue to go up)
Investors did not want the variance, risk of ruin had become too high
Results of this poll are meaningless, and will probably be 1% since it makes for a more interesting show to see 400 BTC bets than 80 BTC ones.
Have Doog email the top 10-15 investors and let them tell you that you are out numbered 5-1, you where most vocal on this and got in Doog's ear others did not want this. I am fine with that. |
|
|
|
I have to agree that changing max bet and such mid-play without any prior discussion or even notification to investors and gamblers alike was unreasonable.
Why? He did not change the odds for anyone, just the max profit |
|
|
|
I don't get it.
Nakowa would have lost FAR more today had the max bet remained 1%. How is this unfair?
Exactly. It just less fun to watch for spectators |
|
|
|
|
Who cares what anyone thinks except investors or gamblers?
99.99% of gamblers are not effecting by a 80 BTC profit max (as it currently is and will continue to go up)
Investors did not want the variance, risk of ruin had become too high
Results of this poll are meaningless, and will probably be 1% since it makes for a more interesting show to see 400 BTC bets than 80 BTC ones.
|
|
|
|
HashFast and Cointerra have no product as yet. And AM will have second gen chips so there is nothing much to worry about here.
+1 You can wait around for new generation until the end of the year, and MAYBE it will arrive on time, or you can buy AM right now. That's the choice, and people are choosing to have their hardware now. This loss of btct.co is going to hurt the value of AM and all other securities - it was the most liquid and trusted exchange. Liquidity does have its value. I suppose the upside is less counterparty risk. I wonder if the price of direct shares will go higher than the passthroughs. As there is no risk of exchange closure or from the PT operator running away with the money. Only risk of FC/AM not honouring the shares. But if that would ever happen passthroughs will instantly become worthless. So there is less risk which should fetch a premium. I think direct shares will continue to trade at a discount due to lack of liquidity. I suppose if the transfer gets botched and people lose shares from this, then the opposite effect you mentioned may occur. |
|
|
|
That the plan - the max profit limit a stopgap measure only. He will be raising the house edge gradually for bets over 50 BTC. Will remain 1% for those 50 BTC and below
What ? Nothing is set in stone as of now (or I missed something ?). 1 - you're not the boss. 2 - you may have a massive investment on JD, but i doubt you weight more than 50%. That was the plan Dooglus mentioned to me. It could change. I can only offer my advise, he is a smart guy and the decision is his alone. |
|
|
|
I guess a casino should pay half what a blackjack is worth if you bet over a certain amount also huh. Or if you bet 5.00 on red you win 10.... But if you bet 100.00 u only won 195.00
Your comparison fails. A random casino also will send someone to break your kneecaps refuse a customer who they fear to possess a bankroll as large or larger than their own. Plus, what's with the "principles"? Are we following the holy bible of casino morals? Hint: we're not. We should do what both interesting for players and profitable for investors. That's all. +1 |
|
|
|
HashFast and Cointerra have no product as yet. And AM will have second gen chips so there is nothing much to worry about here.
+1 You can wait around for new generation until the end of the year, and MAYBE it will arrive on time, or you can buy AM right now. That's the choice, and people are choosing to have their hardware now. This loss of btct.co is going to hurt the value of AM and all other securities - it was the most liquid and trusted exchange. Liquidity does have its value. I suppose the upside is less counterparty risk. |
|
|
|
The whale showed us that large bets are risky for the house. Why not to change house edge with a bet size? So that someone could bet even 1000 bitcoins at once, but with a house edge like 20-30%.
That the plan - the max profit limit a stopgap measure only. He will be raising the house edge gradually for bets over 50 BTC. Will remain 1% for those 50 BTC and below |
|
|
|
I was beaten hard today (as "percent" on JD). During the course of my play, just-dice.com's rule changed. 1. Max profit went down to 0.25%; (CHANGED WHEN I WAS PLAYING, WHICH IS UNFAIR.) 2. (not confirmed) the house edge raised when profit is larger than 50. (I feel) The game is completely different. I wasn't able to drag the site's profit to down -6K. I don't remember, I once did(?), but seconds later I was down dramatically. And in the end, I lost 3K, which means, with a max profit of 70, I am incapable of winning back, crystally clear.Therefore, I'm leaving JD for good, since 1) I cannot win further; 2) I've proved my points. Allow me restate: I respect doog and his work. Doog is an upstanding guy, and his work is wonderful. What happened during last three months, is nothing personal. Once doog asked me, "You always say you respect my work, why are you trying to kill the profit of JD?" I didn't and never meant to. IMO, a winning whale is the most effective advertisement of a casino. However, most people here would disagree. They're more happy to see a whale is hunting down, beaten hard. I played by rules, and won. (I'm still up a lot.) From now on, I'll only talk about project I'm involving, https://letsdice.com, for example. Hope most of you be nice to me. Thank you. PS: About the bankroll I have, I started "gambling" on JD with 3000BTC (apart from another 4000 for investment), and never down more than 700. House Edge still 1% for all bets. This was a stopgap measure. The new plan is to raise the house edge gradually for bets with a max profit over 50BTC. It will remain 1% for all below. The max bet will be raised after those changes are made After rules were changed, Nakowa continued playing and only posts crying foul since he lost a bit. I won't post in this thread any further, since I don't want to help you keep bumping your scam site. To recall, this Nakowa and wannabe dice site operator stole 1300 BTC in free roll from Dooglus: http://www.coindesk.com/bitcoin-gambler-cheats-satoshidice-competitor-just-dice-out-of-1300-btc/ |
|
|
|
|
Show Posts
