Yolodice is on since 2016. They for sure earned enough to be self-sufficient especially with 30% annual ROI on BTC investment for investors (which is only 50% of casino profit).

For small casino having investors is crucial. For big casinos it is very interesting option. Just think of it. You can earn $ 5M annually while risking $10M locked in LTC/ETH/DOGE/BTC investment (which can dump significant anytime) or earn $5M without any risk. All risk is taken by investors. I must say that i would allow investing even having 10x what's in bankroll and being able to be self-sufficient.

I must say that it was not unexpected It was only - 1.2% - quite normal. In April 2019 we've seen 2 red weeks with -7% and in January -11% after 4 lucky days for whale. This second dump is interesting because after that there was 40% in 2 months. Someone was chasing loses like crazy.

Jest to wykres punktowo-symboliczny.

https://www.biznesradar.pl/information/wykresy-punktowo-symboliczne

I ten typ wykresu dostępny jest nawet na tradingview.



Tak to wygląda teraz. Wygląda na to, że wszystko już za nami a załączony wykres ma rok:)

According to price inflation (that you name as "inflation") bitcoin if deflationary. According to monetary inflation bitcoins inflation is <4% after halving.

It is better to hold BTC with 0% than with 4% annually only because 4% is lower than $ price inflation? It does not makes sense.

Now according to Freebitco,io 4% annually. It's not enough for me to forget about "not your keys not your coins" rule.

What do you guys think about "trading on casino profit chart?". Not saying about doing regular TA (trend lines etc) but simply investing on the dips? From first look it does not makes sense. This chart is not moving based on supply and demand and should be moving 100% random in short term while in long term going up, but is it 100% random?

I'm just thinking:

-How often did you withdraw your profit from gambling site?

If someone wins big:
In most cases people gamble until they loose everything. Even if they double/tripple they come back next day to lose it all. They have different approach with profit money than with earned money (are willing to take more risks).
If someone loose big:
In most cases leaves casino for a while (waiting for next month salary f.e). He simply can't play more without money.

So i'm saying that after dumps casino has higher chances for short term profit than after pumps and that dives you nice kick for the start of your investment.

I think you wasn't key employee (or at least tech one) or it was small shady casino that does not care about its reputation. If they give you server seed and client seed every bet is calculated based on those numbers. They are not predetermined as you said. They are calculated each time you bet. But 2 + 2 is always  = 4. No matter who calculates it and when.

Here I show how it's being calculated on one of casinos:
https://bitcointalk.org/index.php?topic=5235045.msg54086701#msg54086701

There is no way to cheat in undetected way when you have provably-fair mechanism and someone checked the bet that you cheated on.

In conclusion
1- can casino cheat with provably-fair mechanism? YES
2- is it possible to hide it when someone check every bet? NO
3- is cheating on players risky for casino reputation? YES
4- are 99.9% of bets not checked, especially on auto bet? YES
5- is it tempting to cheat for casino because of that? YES
6- is risk of getting busted higher than expected profit? MOSTLY YES (not on small shady casinos without reputation)
7- is cheating when "once you bet big, you start get very off results" riskier for casino? YES, because you will check those bets more likely.

Did you try to withdraw part of it? Maybe one of deposits is stuck (video shows only few deposits out of many) and that's why they don't allow you to withdraw whole wallet. Even if its not stuck on blockchain there can be an error in their database with one deposit. Try with 100$, 1000$.



Not sure if You are still interrested:



@OP you need to learn how to conduct an official conversation. "bro", "lol", "i need my money" will not help you and only waste your and support time.

Being rude here is also shot in the knee. Bitcointalk community is very strong and every company cares about its reputation here. They pay thousands $ weekly for advertisement. Alienate everyone and you'll be alone with the problem again. Answer questions, show proofs and scammers will be tagged and will instantly show here to explain themselves (if it was scam, which i doubt).

Same here.



All of these investments are doge. Someone is really going high and is very lucky. I guess a whale is doing martingale stuff because my wallet shrinks day after day. Hope to see him hitting killing strike soon

Already explained it here.

What scares me the most is this:



-50% in few days. People who has open investment in this moment most likely are not in profit since now (8 months later).

And this in most cases stimulates economy in wrong direction - there is demand on goods where it should not be. So money does not work efficient and people do not work efficient for long term economy grow. There is the mass of hidden flaws in this system despite all those visible at first look.

About inflation. People very often compare bitcoin and fiat inflation 1:1. While bitcoin inflation is an amount of newly minted bitcoins devided by amount of bitcoins in circulation while fiat inflation is calculated from price changes ([new fiat supply - vanished/lost fiat supply] / amount of goods (economy grow)). If we tried to calculate bitcoin inflation that way we will most like come to the conclusion that bitcoin is deflationary and most likely was deflationary even before halving.

Now I'm -3% on my main investment. My second one is -6%. Damn. Someone is really going high. Maybe whale trying martingale (i'm constantly going down)? Can't wait to see him hitting killing strike

My investment has 46 days. So yours "2 weeks in red" seams to be optimistic I was two weeks on green and then... surprise motherf * * ker.

I was also thinking that spreading investment into many casinos not only saves us from exit scams but also expose our money to higher gambling volume (makes final ROI less prone to extreme cases). Need to find another good casino with DOGE investments. Any ideas?

Its funny that the only argument for your proposal that you bring is not related to network. It's like you said:
-We should limit plane speed. Planes should not fly with 500 MPH
-why?
-Because you will be killed driving that fast with car...

While you did not refer to my argument. This change would destroy network. No one will care about creating good flips for 1.5$. Let me put it other words:

-you can't take part in validation without creating flips
-you can't mine without creating flips
-you can do it all if you do 3 "1,2,3,4" flips in 30 seconds (without 4.5$ flip rewards)

Is this fair? It is worth to remember that network can't exist without good flips.

Doing 3 flips is crucial for network and part of every node duty. I don't see a reason why not? 30% mining speed for 1 good flip, 60% for two 100% for 3, 120% for 4 and 150% for 5. Why not? The only case that you are right with is nomenclature that can be confusing. We have good flip reward (1.5$ ... for ~20 min work on flip to make it good) and on the other hand bad flip penalty. We could suggest to devs transfer flip reward funds to validation funds (no flip rewards but higher validation rewards) and leave flip penalty only. Simply to take part in validation you need to create 3 flips. If they were shitty than it is fair to cut validation rewards proportional. That way it would be less confusing.
But at the and it will not change anything despite nomenclature.
Or we could do like 500 DNA per good flip in rewards and reduce mining speed by x% to get funds for that and then apply your suggestion (no bad flip penalty). But in the end (amount of DNA in miner wallet) it will be similar to flip penalty based on reduction of mining speed (only diffrent nomenclature).
But just 1.5$ per flip and no bad flip penalty will destroy network and you know it.

I just want this network to grow and build long term value for miners and investors. Devs want it too. It should not surprise that we might have same opinion about many cases. And where is here profit for devs? Coins are burned not distributed to devs. You are talking about 100-500$ per epoch less in supply? It's nothing in comparison to 90% shitty flips that we would get after this change. I guess you agree with me because we were talkig a lot about bad flips before. You even wanted pre-validation flip validation:

Now you want to change the only thing that gives financial motivation to create good flips? It does not makes sense.


In order to clarify. By writing "this change" I'm thinking about this suggestion:


I voted for in official poll - https://idenapoll.com/poll/WfpWH8_
Current penalty is too harsh but no penalty is bad to. 50% is fair deal for me.

Based on DNA price and flip rewards there is currently 1.5$ per good flip. This is way too less to convince majority of network to do good flips. If it would be like you posted than we would see 90% shitty flips.

50% down after 1 and 100% down after 2 is a fair deal.

Ok we get it. You don't like it. Ok. I don't like tomatoes. Do I spam about that all the f.ng time? We already discussed it here at least 5 times and you just started it sixth time. Just leave this coins if you don't like it. There could be 30 mln premine and 4 mln in "increasing premine" spread for 10 years or 34 mln in basic premine without "increasing premine". Does it change anything for investor? Supply is Supply. Does it change anything for investor if rewards are distributed to miner or to community devs for doing stuff like that?:

1. https://idenavoice.com
Github: https://github.com/EarthlingDavey/idenavoice

2. https://idena.vote
Github: https://github.com/RealMahmoud/Idena-voting

3. https://idenapoll.com
Github: https://github.com/paolofacchinetti/IdenaPoll

4. idenary.com
Github: https://github.com/Idenary/idenary.com

5. https://fairdrop.io/
Github: https://github.com/fairdrop-io/fairdrop-io

6. Idena Discord auth bot https://discord.gg/8BusRj7
Github: https://github.com/iyomisc/idenauth


These coins will in future be distributed based on network consensus. We will decide how to spend them. This is our community fund for community projects.

Last epoch this wallet get 1200 coin out of 341 800 total rewards (and another 300 000?? mined). 0.15% but yea. Lets talk about that all the time because you don't like it. Do your own coin. Set 0 premine, give coins for free and than start buing them from people just like you want it from IDENA devs.

@OP I think that you should end your post here:


And let others answer your question. @TheArchaeologist good job with pointing 3 mistakes in 5 lines of text.


I love this one. Where you take it form?

The poit of this thread is also interresting. @OP do you think that during 11 years of bitcointalk existance no one explained what bitcoin is?

2 months without income should not kill a well managed company. No matte what is the case. If we let strong survive and weak bankrupt than we could start building on the ashes when demand will show profit in a given sector of the economy. There is no need to hold in life companies that might (or might not) be useful in next few months/years. What if f.e Hotels won't be profitable for next 5 years?



We are now outside covid season. What if we will see second wave in December? Guy who could bankrupt with 100 000 in debt will bankrupt with 1 000 000 in debt and this will be final score of cheap loans. Let economy grow in a health manner. If there is demand on something there should be company doing that. If there is no demand on something there should be no one doing it. 100-200 years ago Hotel would change clothes and become kindergarten or something else. Today it get free loan to continue using money in ineffective way going deeper and deeper into debt.



We had gold standard before 1971 so you basically can't imagine how people leave 50 years ago? What happened after 1971?








source of all

Don't think that this is done to help the poor and needy


The biggest inflation fault is that you are doomed to work till the end of your life. You can't be a smart 20 yo guy who earned 1 mln and retired. You have to work all the time because all your saving are secretly stolen by devaluating them. Your money are not yours. You have to spend them on useless shit (stimulating the economy in the wrong direction) and continue to work. You have to buy a flat that you dont need (China Has 65 Million Empty Apartments) just to put your money somewhere. You need to buy gold that you dont need. You need to buy someone debt and so on. To simply not be robbed by inflation.

It is not about greed. They could hard fork this with 0 cost. Stolen/lost funds from exchange wallet is also a different thing than failed validation on innovative one of a kind coin before mainnet - in experimental stage.

And you think only from your perspective (head stuck in ass). Not paid rewards for miners are great thing for investors (burned supply). Some profit from higher validation rewards, some profit from 2x mining speed. Developers just let things how arbitrary blockchain decide because it is about pennies and no funds from main wallets was lost. Should they take funds from those who profit from this bug? This would be scam and pseudo blockchain if everything could be reversed by devs.

And even if this is greed - this is scam accusation thread and this is not scam accusation proof. Post here scam accusation proofs or get the f... out with your "it should be like i think!!!!" Don't like it just leave it. I'm early miner, early investor and one of those  who suffer from this validation bug. I can go on with -10$. You can't?

I also think that it is better to use this funds for next hackathon to create stuff like that instead of using them to pay for network bug:

1. https://idenavoice.com
Github: https://github.com/EarthlingDavey/idenavoice

2. https://idena.vote
Github: https://github.com/RealMahmoud/Idena-voting

3. https://idenapoll.com
Github: https://github.com/paolofacchinetti/IdenaPoll

4. idenary.com
Github: https://github.com/Idenary/idenary.com

5. https://fairdrop.io/
Github: https://github.com/fairdrop-io/fairdrop-io

6. Idena Discord auth bot https://discord.gg/8BusRj7
Github: https://github.com/iyomisc/idenauth

But you don't care. You want it and it has to be like you want it or you will spam every thread. Even this - scam accusation thread which is not related to network bug case. Crying baby.

Trader with 30 year experience once told me - If you want to trade technical check if asset is moving in a technical way currently. Sometimes emotions on market are that big (or few big players are fighting) than all we can do is just sit and watch. Asset is moving randomly/emotional instead of technical. That's how i see current BTC short term movements.

Just take a look at this.


10 000 is the strongest resistance we've seen in last few years. Possible dump (profit for shorters) -40%. Possible instant pump +50%. Emotions are on the edge of explosion. I don't think that it is possible to see anything on 1h, 4h, 1D candles. Take position and set stoploss or wait for end of this price battle and than take position. Thats all we can do now IMO. After that create trend lines, support, resistances etc. and trade based on it.

It depends on where those 395 BTC comes from. I guess it is total profit (starting from 2016) so its "per 4 years". But I would not take such long time frame bacause we dont know how big bankroll was than. It could be 50 BTC not 200.

You can do it like that:



Profit in 24.06.2019 - 335 BTC
Profit now - 395 BTC

1 year profit - 60 BTC

(0.02/218) * (60/2) = 0.00275

0.00275 / 0.02 = 13.75 % annual ROI

But this estimation does not include bankroll change. Its 218 BTC, it can go to 400 in 1 year or drop to 50.

Calculating the same (annual ROI) based on old investors resoults:



We have 11.75% in 6 months - 24% annualy -so it looks like during last 6 months total invesments at least double or triple.

On yolodice you have a nice graphic that shows each investor return. Its ease to calculate estimated annual ROI for each coin.

F.e One of long ETH investors:



Invested 300 ETH
Profit 80.945 ETH

80.975/300 = 27% (profit per 6 months)

1.27 ^ 2 (continuous reinvestment - compound percentage) = 61 % (profit per 1 year)

Do the same for other coins and you will know where to invest. But remember about currency risk too. DOGE investment should be double or triple as profitable as bitcoin is to cover price change risk.