Hello dooglus. Great work.
What risk am I taking on investing large amount of BTC on your site?
What is done to secure servers, funds and you from hostile governments and accidents?
What if you are accidentally hurt/killed or some government wants to close your business?
Thanks
Mughat
Hey.
Risks:
* Someone might get lucky and win a significant chunk of it; it has happened in the past, and we didn't fully recover yet. House profit is only 0.38% of wagered, when the edge (and so expected profit) is 1%
* I could be running a scam, waiting for the cold wallet to reach my target amount and then run off. I won't, but you can't know that.
* I have access to the server seeds. It means I can bet under a false name whenever I choose, and know my rolls ahead of time. I can slowly bleed the bankroll dry and you'll think it's just bad luck (see point 1). I only ever play under the name 'dooglus', and then only for small stakes, and never look to see what my rolls are going to be ahead of time. But again, you have to take my word for that.
* The server could be compromised and an attacker could gain access to the seeds. See previous point.
* The 'lucky' number generation code could be found to be predictable, allowing players to win.
* I could get hit by a bus and have the cold wallet passphrase die with me.
* Probably more that I'm not thinking of.
The servers are regularly backed up and kept updated with the latest security patches. In the event of shutdown by government, I'll refund balances to your emergency withdrawal address (set it in the 'account' tab). In the event of my death, an encrypted message will be dispatched to trusted third parties giving them the required codes and instructions to refund balances.