Here is the summary as I take it: you found an exploit, used it, ran up a big profit, exploit is still there but dooglus sabotages your bets.

So wouldn't it be logical to create dozens, if not hundreds of new accounts, keep using the system and bankrupt the site?  Dooglus can't know all those accounts are yours.  Smaller bets just mean you bankrupt the site at a slower pace, but if you use many accounts you'll achieve your desired goal.  Use TOR if you need dozens of different IP addresses to achieve your desired outcome.  You'll be very wealthy and get your revenge on JD.  What could be better?

Nakowa is still going.  I'll just leave this here:

"One observer recorded a video of the Just-Dice’s public bet log which shows Nakowa beginning Friday night with over $111,000 in losses before winning a single bet. At the risk of making the understatement of the century, things soon turned around for Nakowa in a big way."

http://www.dailydot.com/news/biggest-bitcoin-win-gambling-history-nakowa/

Was JD rigged when you started playing, unrigged to allow many investors to flee and the site to record a large loss, and then rerigged as you came back to play?  You're making it sound that you only started losing after dooglus publicly changed the rules.  That the game was 'totally different' when the betting limit was reduced.  How totally different was it when you were losing early on?  Leave aside gambler's fallacies in the process.

I think that's perfectly clear.  I'm glad you agree.


If you bet 10 times in a row and lost with no lag you would be blaming the site operator for setting a "lose" flag on your account.  If there was lag you would accuse the operator of sitting there and clicking red when your bets came up.  Meh.

Use your previous winning strategy and take revenge on the site.  Crush the investors, see them driven before you, hear the lamentations of their women.

What is a dust bet?  Everyone knows (or should know) that each roll of the 'dice' is independent of the next.  Just because you've had 10 small bets in a row that lost doesn't mean the next large bet wins.  If dust betting is also meant to consume the 'bad' rolls so you can use the 'good' ones then it's the very definition of the gambler's fallacy.

Regarding small bets being resolved instantly but large bets taking a second or two, I've had situations where betting 0.0001 btc also lagged.  Sometimes the lag stretched out to 5 seconds.  Very loose correlation is not evidence of causation.

Without real evidence that JD has done something wrong apart from 'I feel', 'it appears' and 'it's strange that' kind of evidence it looks like you're not getting anywhere.  Even if you create a new account and bet proportionally much smaller amounts on JD and consistently win that of course is not evidence that JD cheated you before.  You need real evidence.

It seems you may be out of options to prove JD cheated you.

I first heard about JD and started using the site after reading about your wins on a popular mainstream news web site.  How did you intend to keep winning when the odds are mathematically against you and it's only a matter of time until variance swings the other way?  I know people go on about 'feelings' and 'knowing' when they'll win, but everyone (bar the player) knows that's just a gambler's fallacy.  As is trying to find patterns in random numbers generated by OpenSSL.  If there are patterns to be had after observing just a few hundred thousand outcomes then forget an insignificant site like JD.  Online banking and commerce around the world would be in serious trouble.

The algorithm is published.  Under the 'Fair?' tab on the site there are a couple of third party verifier scripts.  Have you tried those?

While allover's losing streak tonight was rather frightening to watch (from someone who likes a bit of a gamble), I have to say it's not extraordinary.  I have stood at a French roulette wheel betting on black and lost ten times in a row.  If it was online at an unregulated gambling site I would probably be tempted to say I was cheated, but this happened at a real bricks and mortar casino.  

Allover, you are ahead on your gambling and have done well.  The best thing to do is to consider your options and strongly consider walking away a handsome winner.  Many, many gamblers have begun a losing streak and think 'I can't be this unlucky' and 'surely things can only improve from here' then gamble away all their assets and more.

If you can find some evidence that you were cheated then please present it.  'I can't possibly be this unlucky' doesn't really count as anything but highly circumstantial evidence.

What an extremely long run of bad luck. 

As an investor I was concerned about the change.  People watching the action in the chatroom were going off their nut about losing money as investors, but clearly there was a downward trend in nakowa/percent/whatever's winnings after a run of extraordinary luck.  Reducing the maximum bet reduced the ultimate returns for the investors.

It was interesting watching 'percent' play last night.  He or she had massive swings, 10 wins or losses in a row betting 60 btc were quite common.  Balls of steel.  What was more interesting was watching the reaction of the investors.  Some claimed the bettor has 'found a system' and was exploiting it, or betting small then big when 'variance was in their favour' or 'they knew they'd hit a streak'.  Anyone with a passing familiarity of gambling mathematics would know how silly that talk all is.  

Other investors day traded, moving their money in or out when they felt 'percent' would hit a losing streak.  This is nonsense too of course, as no one can predict such a streak and the only rational action is to stay invested.  'percent' of course ended up losing a few thousand bitcoins, as compulsive gamblers usually do.  

As an investor big swings down when players get lucky have been painful, but it's also a given (assuming JD is not a crooked site, by fault or design) that there will be big swings upwards.  The laws of mathematics haven't been violated.  There is a 1% house edge.  Casinos the world over run French roulette wheels with a 1.5% house edge and they're not closing their doors in bankruptcy.

Watching 'percent' play was interesting.  Part of me was glad to see bitcoins returning to the site.  Part of me was amazed that someone just dropped the equivalent of US$300k.  That's a 30 year mortgage in many parts of the world done in a couple of hours.  

That is indeed the power of bitcoin.  We can only speculate about the gambler's origins and what the money means to him or her, but betting 300btc in one go is betting more money than 99% of the world's population makes in a month.  Unless Nakowa has found a way to exploit JD or Nakowa is a publicity stunt by JD, the player will lose their entire bankroll sooner or later.  The player's history has all the hallmarks of an action junky who cannot resist just... one... more ... spin.

Considering a pizza was once sold for 10,000BTC, your perspective of 'that much money' may be completely different if you started mining in 2010.  We don't know if Nakowa is playing with BTC that were acquired when each cost $1, or $100. 

One thing is for sure.  Gamblers rarely know when to quit and it's quite likely all those winnings and more will be returning to Just Dice in due course.

Prepare for a new load of players and investors to arrive shortly.  One of Australia's largest online news sites has just featured a major headline story about just-dice.com and Nakowa.

http://www.news.com.au/technology/the-biggest-bitcoin-win-in-gambling-history/story-e6frfro0-1226725824027

By 2025 I hope one BTC is enough to pay off my mortgage (if I still have it then).  I agree with many other posters that one BTC will be worth either a lot, or absolutely nothing well before 2025.  For bitcoin to grow it must move beyond drugs, gambling, and highly speculative investing as the main drivers of its value.

It's not a fallacy.  All of my costs, from mortgage, food, clothing, electricity, taxes, gas, mining hardware, etc are in dollars and not bitcoins.  I have never purchased anything in bitcoins and probably never will.  Buying ASIC hardware using dollars (with protection from PayPal/CC) made much more sense than using bitcoins.  The key question is this: would I have used the dollars I spent on ASIC hardware to buy bitcoins instead?  No, I never considered it.  The bitcoins I generate get turned into dollars to do something useful in my life.  ROI achieved a long time ago.  Some are kept just in case this highly speculative investment ever reaches the point where one bitcoin will pay off my entire mortgage.

Another way of debunking the fallacy is to look at the shares of gold miners.  The shares and dividends are priced in dollars and not ounces of gold.  The annual profits are not announced in gold either.  I have yet to meet an investor who bought shares in a miner and then started comparing spending the same money on gold and silver.  One is buying the commodity, the other is buying the means to generate the commodity.  The two are not the same.  This also appplies to bitcoin.

I want a million dollars for all my bitcoins.  Enough to pay off my mortgage and have some 'fun money' to spend.  All for doing nothing but sitting on my backside and running a bit of software.  Others have to do real work for a living.  Screw that.

There are more and more threads popping up recently which basically warn people away from buying ASIC hardware, or if they still want to buy then to spend a huge amount of money (that most people can't afford).

There are three reasons I can think of for such postings:

1 - The poster has ASICs on order and doesn't want more competition and less bitcoins generated.  He has yet to join the ASIC party and doesn't want to be holding the bag when unprofitability strikes.

2 - The poster already has an ASIC and is seeing the number of bitcoins produced reduce by 30% every 10 days.  ROI is becoming more difficult.

3 - The poster is simply a nice guy and wants to save others he has no relationship with at all some time and money.

All considered, #3 is very unlikely.  The pleading for people to stop buying ASICs is becoming more desperate.

So what happens if BFL misses their own end-of-September backlog clearing date?  Nothing.  It's all sound and fury signifying nothing.

My ASICs arrived early July and have already paid for themselves (dollars spent vs dollars earned, inc all taxes).  Since BFL now only takes bitcoin payments with no credit card or PayPal protection there is no way I would order another ASIC from them.  Even with my high power costs, difficulty could be at a billion and the money would still be trickling in. 

That's a popular ruse of zero point energy proponents.  Distracting the audience with 'look how far we've come, what was once thought impossible is now an every day experience' while selling a technology they have failed to demonstrate.  Throw in some jargon about tachyon and spinning magnetic fields and the scene is complete.


The problem is the dreamers dream and the suckers spend money buying plans after seeing a fake demonstration on YouTube.  People are free to spend their time and money as they please, but pursuing a technology that has been shown countless times and over centuries to be based on self delusion and fraud is a total waste of time.