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5121  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: January 16, 2014, 11:33:02 PM
Ken I understand about the shares and waiting for either CT or CC but what about our dividends?

When can we start receiving our dividends since we are still trying to figure out which route to go with the shares?

Since we can't reinvest them why not start sending them to our wallets we had listed so we can use them towards other things?

Why should Ken bother with paying out divs when he dont had time to bring the shares to an exchange where divs can be paid out automatically? Doesnt make sense. And by the way... we dont have our own miners yet. What do you want with some satoshis now?
5122  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: January 16, 2014, 02:10:07 PM
Theres a slight chance that ken ordered the foundry queue already weeks ago but the "good news in 8 weeks" sounds more like thats not the case.
5123  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: January 16, 2014, 02:00:56 PM
I don't have my CVS from btctc.
I do have ~10000 shares of labcoin still on cryptostocks, but there is no history.
what should I do?

Crypto-stock -> account -> legend

btctc.co you got your key by email like deizel wrote.
5124  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: January 16, 2014, 01:56:40 PM
I wonder why the thread with the list of claims doesnt contain the list anymore...
The author of the claim thread removed the list from the post and said it was deleted by mods who were collaborating with Ukyo.
The author then later admitted that he was the one who removed it, so he was basically just spreading FUD Roll Eyes
Highlights from the story:
None of you will ever see a dime, Admins on this board are collaborators with Ukyo.
allright, I will stop being a child, I deleted them because of spite, how admins deleted my post about Ukyo's two kids......

Who is the kids now......... <---- this guy

Ah... thats what happened... didnt notice this somehow.

Ukyo... i hope your plans work. Somehow it sounds like you still work on a technical solution to get the coins back. It doesnt match to you claiming that the coins are gone "how you have seen" but i think short time its better to let you try things.
5125  Bitcoin / Meetups / Re: announcement: the international "when-bitcoin-reaches 1000,- $ party" on: January 15, 2014, 09:56:35 PM
I don't know if he would have ideas. That's kind of up to us, and he can then probably get whoever we want for us. We just have to pick someone.
Another option is we can go with these guys https://www.youtube.com/watch?v=MGWJbcTvL_M  Grin


canīt watch it in germany. fkn "gema" does not allow to play it.

Install ProxMate in Firefox... it unblocks videos automatically for free. It did it for me with the video too.
5126  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: January 15, 2014, 09:23:56 PM
By investor risk I was referring to the max profit per roll percentage, currently 0.5%. I would not want to create different betting pools as dicenow has, for example.

I dont see that this is needed too. The house advantage at just-dice can stay at 1% like it always was, no other pool needed in my eyes. The kelly value is different from the house advantage.

Right now the site takes the results of any bet and distributes it based on each investor's portion of the bankroll. Only investing or divesting causes that percentage to change. If investors were able to adjust their risk (their portion of the max profit per roll), then the site would have to recalculate investor's percentage of ownership much more frequently. Not to mention implementing a different method to properly account for wins/losses.

Im not sure if im wrong now but i believe that wouldnt be a problem. At the moment there is only one value. The house. Every investment and divestment is calculated to or from it. When someone would invest at 1% kelly then the house would grow by the investment in total. The max profit wouldnt be a fixed value then anymore, taken from the house value, it would be its own value. So when someone adds an investment at 0.5% then the max profit is rising 0.5% of that investment. If someone invests at 1% kelly then max profit is rising 1% of the new investment.
While playing the house value and the max profit value is adjusted accordingly to the results of the bets and when someone is divesting the change of max profit value in comparison to the value of max profit at the time of investment is taken for calculating the profit or loss. I think thats just like it works now and it should even work with fully free adjustable kelly values. Only that the calculated max profit is independent from the kelly value then.
I might have a thought error i didnt see though.

Imagine we had many investors all with various amounts of risk (0.1% to 1% profit per bet, for example). Now think of how the site would handle bets of different sizes, not just max profit bets. As far as I know, there is no easy calculation to solve this problem. If you do have one I'd love to hear it.

Now I am not very familiar with server management, but I could see how a significantly more complex calculation for each bet could greatly increase the server's load.

This issue was discussed in great detail awhile back in this thread. I assume nothing has happened yet because it is not an easy change to make, nor is there an consensus in the implementation.

Edit: I've looked at dicenow, but don't really see how they are calculating the variable risk. It mentions leverage and I don't know why. The variable risk should have nothing to do with leverage.

I guess! that the server at the moment not even is using 5% of the CPU. I wouldnt know otherwise what its used for. I think the variable kelly wouldnt need a much higher CPU-Usage because the calculation of max profit out of the house or max profit calculating out of the last bets shouldnt mean a difference that is so much away from current status. (Under the premise i mentioned above...)



This would be disadvantageous for current investors who want to stay at 0.5% Kelly. For the same amount of variance (or slightly higher) they would get less profit. Max profit is hit very rarely these days and only there you would experience full Kelly variance. Moreover, daytrading at these high-variance days has hit investors who did not divest greatly, which is not good for Dooglus and the site.

So you dont want to take a higher risk but dont want that others take it too? I dont see the problem. Either you want the higher profit and take the risk or you play it safe. But at the moment its mathematically nonoptimal because some didnt want to take the risk of variance. Even though the past has shown that stochastics work pretty fine like it should.
Its correct that max profit bets are played seldom but then again... thats what a risk setting would be for. Setting your personal comfort zone between risk and possible gain.

Daytrading? For me it looks more like people invest when the profits are on top and divest when its below the value it should be. But i didnt observe that long enough maybe.



Anyone knows when the charts at https://bitcoinproject.net/ are back?
5127  Economy / Securities / Re: ATTENTION clueless noobs/btct "investors" on: January 15, 2014, 08:43:08 PM
*lol* Somehow i must have angried you. Its some time since i read such a tirade that not even includes any fact besides ranting and naming.
5128  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: January 15, 2014, 08:34:58 PM
I made this account because I didn't see anyone (at that point) reporting having as many btc stuck as I do. Ukyo currently owe me more than 100btc.

There are others that lost way more. I wonder why the thread with the list of claims doesnt contain the list anymore...
5129  Bitcoin / Hardware / Re: [Work in progess] Burnins Avalon Chip to mining board service on: January 15, 2014, 05:32:44 PM
The fuse looks intact... must be something worse...
5130  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: January 14, 2014, 01:17:08 AM
I don't really see the benefit in creating an investor risk adjustment option. The site already has a fairly large bankroll, do we really need to accommodate larger bets? Why create a confusing and hard to implement (from my understanding) system that isn't really needed?

Why adjustable chances when just-dice could be a simple even bet site?

And what confusion? The gambler wouldnt see a difference at all and for investors that dont care wouldnt change anything at all too. They would stay at 0.5% as usual. But for all others there is a chance to adjust.

Its not hard to implement. When the profit per person really is calculated while divesting then the profit would be calculated by the set risk level. Before that at investing the playable max profit is adjusted matching the investors risk level too. Doesnt sound like many more calculations to me. I think even fully free setable risk levels could be possible. Though im not sure why someone wrote about too much calculations then. As far as i see it at the moment its only an adjustment in code, a database entry for risk level of every investor and a database field for the playable max profit for the house is new. Adjusted at every in- or divestment.
5131  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: January 14, 2014, 12:00:22 AM
Thanks for explaining maqifrnswa!

You haven't answered my question, you keep explaining that 1% Kelly is better than 0.5% Kelly. Let me rephrase it: Suppose my investment setting is 0.5% Kelly, and yours is 1% Kelly, and we have invested the equal amount of BTC. The bettor bets 1BTC and looses. Does that mean that you get 2X the profit from that bet than I get? Or are you proposing something much more complicated? Once again - please give us one good example, it's far from obvious what exactly is your idea.

For a house advantage of 1% it would mean that 0.5% of your complete investment is taken and 1% of my full investment is taken and added to the max profit value. Thats the maximum a gambler can play for then. In case he plays for full profit as target and he wins i lose 1% of my investment and you 0.5%. If he loses we win proportionally to the risk played. It all boils down to the amount of bitcoins put into the jar that contains the winable amount of bitcoins.

1a doesn't seem fair because it looks like some investors would artificially increase their bankroll percentage without actually taking any more risk, because we all cover those smaller bets with ease.

1b looks OK. If someone wants to go into higher risk bin and take on themselves percentage of all bets above current Max Profit it's fine with me.

I think 1a and 1b are practically the same. I believe you misread UserBankroll as Bankroll. I would be fine with 1b if its the better solution. Too much finetuning isnt needed anyway i think.



In my estimation Doog is going to make 25 - 40 BTC this week on commission here in a few hours.  

So why would he change anything, it ain't broke, its not losing market share to others, in fact the amount of USD being wagered there appears to be increasing.  

Doog just needs to keep doing what he is doing, keeping his coins uninvested as he does not like the varience, and live off the future commission until he gets bored with it, then when he does send all the BTC back to the investors and sell the site and script for $1 Million USD in BTC, and call it a LIFE.

Why so conservative? If things run why change? What about making things better?

Might be that doog is set and dont need to change the website but still we can ask if he would do it. I await he would develop and test things on a clone website so there is no downside i see.
5132  Bitcoin / Hardware / Re: [Work in progess] Burnins Avalon Chip to mining board service on: January 13, 2014, 11:54:00 PM
Wheres the fuse and what do i have to do to replace it when its broken? One bitburner xx stopped working and doesnt react at all so i wanted to see if a fuse is broken. Only i dont know where it is and dont see broken things.
5133  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: January 12, 2014, 09:46:41 PM
^This! Custom investor risk adjustment please Smiley

I second this.  Please allow investor with higher risk appetite to increase our risk and possible return.

-J

I would donate for that possibility if dooglus would be willing to implement it. Perfectly would be a kelly percent you can chose freely, not even fixed values to chose from. For gamblers it wouldnt change anything than most probably the max profit. For investors wouldnt change anything either except they want to. And the calculation behind would be done automatically by the site.
To be on the sure side there should be a warning so that noobs dont complain later when the risk didnt work out.
At the end i believe anyone can only win with it. Gambler can play higher, investors can play riskier or play safe and the attracted gamblers would lead to dooglus getting more profit. Win-Win-Win.

I don't quite get what do you guys mean by "Custom investor risk adjustment" in practice. Do you mean some investors can arbitrarily raise max profit? How can this be calculated? Please give us one example of the parameters you propose to be investor-adjustable and how this should be calculated on average bet and high-volume bets.

To be honest this looks to me of much less importance to majority of investors than, for instance, API. Good API can lead to high-quality bots, which means higher betting volume - higher profit. All current bots are just quick hacks packed in the browser plugins. API and quality bots could also probably significantly reduce the load on the site, again leading to more satisfied users, higher volume, etc. I don't see why dooglus should devote his development resources to some esoteric ideas which are not described and documented well, when he can make something that we could be positive would make more profit for the investors.

It means adjusting the kelly percent. First just-dice ran with 1% kelly with is the optimum to get the most profits with the least risk. Now just-dice runs with 0.5% kelly which means 3/4 profit with much less variance. And the kelly value determines what amount of the house can be taken to play by gamblers. Since we only have a house advantage of 1% and 0.5% kelly that means 0.5% of the house can be won in one game. But some would like to risk more of their investment. That works like dicenow shows. Players that play a bigger investment then risk more of their investment and have the chance to lose more of course. At 2% kelly an investor should make no profit anymore when gamblers play full profit. Its not growing or shrinking in average.

At the end the only effekt of different kelly values would be the playable money is raised or lowered depending on the risk level the investors use.

Im not sure about API. Is there really such a demand for players that want to use a bot? I mean at the end they need bitcoins first to gamble with. I doubt a bit that this will lead to a significant more bitcoins gamed but of course it would be a feature.

Its nothing esoteric. Its already done at dicenow, only with fixed values to chose from. And its not really much to code in my eyes. Of course i dont know the website code here.

It could lead to more players when investors raise their kelly percent. Because then the max profit is rising and you could advertise with higher max wins.
5134  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: January 12, 2014, 08:37:38 PM
If it takes 4 months to get miners, with current funds we could pull 1% network hashrate day 1.... 4 months is enough to start from scratch.... I still rate the possibility of having miners within 4 months at about 50% but the return on investment potential makes the risk worth it.

Now grow the fuck up and stop speculating about everything you insecure bloody teenagers.

Can you explain how you want to make profit when VMC has miners in 4 months only? Even with the best miner VMC is selling now and you start mining on february the first... you will not even double your investment in 6 months. Starting to mine in march the first means no profit at all. And you speak about 4 months from now? I wonder what profit margin you see on the price on VMC-Miners. I think you are too optimistic. http://mining.thegenesisblock.com/

And please stop naming sceptics. I lost way more bitcoins on mining companies than i would like to admit. Being sensitive to problems is nothing bad. Bad is only when people are so fearful that they crush the small hope to make something a success still by doing something stupid.
5135  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: January 12, 2014, 08:23:26 PM
^This! Custom investor risk adjustment please Smiley

I second this.  Please allow investor with higher risk appetite to increase our risk and possible return.

-J

I would donate for that possibility if dooglus would be willing to implement it. Perfectly would be a kelly percent you can chose freely, not even fixed values to chose from. For gamblers it wouldnt change anything than most probably the max profit. For investors wouldnt change anything either except they want to. And the calculation behind would be done automatically by the site.
To be on the sure side there should be a warning so that noobs dont complain later when the risk didnt work out.
At the end i believe anyone can only win with it. Gambler can play higher, investors can play riskier or play safe and the attracted gamblers would lead to dooglus getting more profit. Win-Win-Win.
5136  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: January 12, 2014, 03:10:42 PM
Still no news from ukyo?

Nope... the only thing i keep getting told is that he seems to have a plan and that this plan seems to be the best chance to get the bitcoins back. I dont have a clue what plan that might be but i think there is not much other to do than letting ukyo try this plan. Though it would be helpful to know a timeframe for that plan.
5137  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: January 12, 2014, 03:04:28 PM
So VMC sold miners for thousands of bitcoins. And we have a delay of months. Were are all the customers? With every other miner selling company you saw threads filled with customers that are angry and want their money back. Only think about avalon batch 3. But VMC has nothing like that?

That sounds really strange und unusual. I cant believe that the refunds are working so flawless that no one complains. I mean refunds are in USD and even when someone got a refund he would write about it right? But nothing from any customer? Can this be?

The worst thing in this all seems to me that we seemingly had a working prototype but ken decided we need a redesign.

Regarding forum deletions... i dont see that ken is deleting critics totally. Not one of my critic posts vanished. So i wonder what posts are deleted.
5138  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: January 12, 2014, 01:22:31 AM
Since you've been deleting forum posts for the last few hours, how can you claim to not have time to finish the "verification interface"? Surely your time would be better spent getting the "verification interface" up and running than wasting time deleting forum posts that people will just repost anyway?

Indeed... thats strange. Either he has no time or he has time to delete posts he doesnt like. I dont know. The only other solution is that that work is done by others but he always is saying he cant work on the shares because he has to work on the core of VMC. That contradicts that he has time to delete posts here...





I believe this lie will hurt him the most when it comes to criminal fraud accusations. 

I dont see him hurt. I guess thats again some piece of ken's rhetoric's. He probably shipped the prototype to a customer. Then he could claim that he started to ship miners. And thats why we never got another profit of that prototype board after the testrun.
So no, i dont see that a sling can be made out of this.



So can someone enlighten me? Ken hired an RTL team and that means he is designing the chip again? After the protoype already worked? I have read the last update the way that he redesigns the board to meet intellihash. If he really redesigns the ASIC's that means eASIC wasnt good enough for him and he starts over. He wouldnt have enough bitcoins for that and it would take months from now.
I cant see how things could go that badly. I regret i didnt buy when the first results in hashing came in. Now i have to watch my investment die it seems.
If this really all came only from perfectionism... earning 20%, while those 20% would be eaten in 2 weeks diff updates already, and we now slowly turn to 75% loss in the meanwhile and its still open how many months it will take from now... if thats true... i really want to kick someone in the balls. I know i wouldnt do it but if my assumptions are true i would like someone guilty at least imagine it vividly...
5139  Economy / Securities / Re: Should ActM shareholders try and get a lawsuit going? on: January 12, 2014, 12:37:15 AM
PROGRESS REPORT

As of November 30th 2013

...

Shipping:

We have this last week shipped our first products to customers.

My theory is that ken shipped his prototype board. Thats why we dont get any earnings from that board anymore after he tested it. Then he could claim he shipped. Again its cheap rhetorics on his side that i really dislike and i hope he comes to mind. I dont wand to have the next "Duke Nukem Forever". (Google it when you dont see what i mean. Perfectionism...)
5140  Economy / Securities / Re: Should ActM shareholders try and get a lawsuit going? on: January 12, 2014, 12:34:06 AM
Lets just get a group of people together who want their coin back and everyone else can just not have theirs. There may not be enough to pay everyone back but there may be enough to pay some of us back.

You believe that some would get paid because they sue and the rest gets nothing? Thats not how it works. If you sue all debts from ken come on the table. There is no "early advantage" for the first sueing. You would get the same per share like any shareholder.

Next thing... how will you prove you have shares?

And... only because people "believe" ken has stolen bitcoins or still have many bitcoins doesnt make it true. You hopefully realize that the IPO was in the height needed to create the chips and miners right? And you know eASIC is paid and and and. Im puzzled where you want to get the money from. Dont tell me from the preorders because im pretty sure customers come first to be refunded before anyone "owning" a part of the company/revenue. Shareholders are last in line. So what will you get out?
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