Bitbattle.me just exceeded a total volume of 125.000 BTC, with 180.000 bets placed. This makes for an average of 0.69 BTC or approximately 6 USD per bet  Hi Herbert, how is this provably fair? Can you explain the mechanism please. |
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I added it. What is the house edge and max profit per bet? |
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I can't believe how much is being gambled. How many different whales are active? 2? 3?
Countless! The celeste story made even me feel like I should take a shot at just dice JD is addictive and Iam pretty sure whole "be the bank" concept is actually great for both sides of business because even investors divest and gamble a lot of times even though that would normally not. That would be my guess why JD skyrocketed I just hope the site and operator can make some sort of regular profit. Eventually, investors may flee and if dooglas is not making enough from commission to cover server expenses plus his time, he will need to make changes or shut down. Hopefully, more whales will mean lower variance and a more reliable, even if modest, profit for the operator and investors. |
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It is investing if you have a reasonable chance of predicting the outcome.
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Very true, though the risk/rewards of this type of investment are both much higher. Those other casino companies have other methods of revenue generation and other costs not related to ganbling. I am also not sure if this investment is more investing or just passive gambling. Let's just call it speculating! |
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Winners may give fair reputation so far =) And public logs. Public logs are hard to be faked if there is a good amount of players.
What can I say? I like your GUI better, but as a gambler I want a guaranteed fair game. The blackjack in Bitino of 1.45% house edge (a virtual 6 deck shuffle) and is provably fair. For a little prettier GUI, who is going to take a worse house edge and no proof of fairness? I think this casino will be DOA in the bitcoin community. |
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Lucif, you can do provably fair - Bitino does it for blackjack. They use server seed, server seed hash and client seed. They even provide a javascript verification program. I like your interface, placed some demo games. But noone will spend real BTC if you not provably fair like the competition.
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Primedice is the best!
Then vote for them in the poll |
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I wonder if whoever bought SatoshiDice saw this pole? They are tied with Insanity dice;) I think you could buy Insanity out for less than 12Million
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It looks like J-D is winning by a landslide
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I never enjoyed gambling in my life until I found Just-Dice. I did enjoy a little bitzino, I guess.
Why because you win so much here? Where else does the house do worse than the player? |
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THis is why I do not understand why ASICMiner sells for so much. All their inventory once replaced by newer ASICs becomes nearly worthless. And the dividend is fairly small.
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Congratulations on passing 500 000 BTC in bets in almost exactly 1 months time
Very impressive! Just-Dice makes Satoshi Dice look like Sleep Dice |
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a large investor can try to freeze nearly everyone else out when there's no whales around by inserting a large local value so that max-bet rises to where anyone operating at 10% with 10% of coins deposited can no longer cover a single max-bet so is frozen out of taking the low-level action. As soon as a few start doing that everyone who wants any action when whales aren't around ends up having to deposit all coins anyway.
I don't think so. Everyone still contributes 1% (or 0.1%, according to the recently proposed modification) of their total investment (invested + local) to the max bet. The guy operating with 90% of his coins in local still gets 1% of (invested+local) matched from every max bet. The large investor can say "I have a million coins locally", and add 10k to the max profit. In that case he probably gets 99% of the action. But he's 99% of the bankroll, so that's fair, right? Doh yeah - bit of a brain-fart there from me. He can't freeze them out but he CAN take the lion's share of the action. If it were possible to write a bot to edit investments then tbh I'd do one to try to keep as near the Kelly limit as possible. It does actually make sense to increase risk% (by increasing local amount) when no whales are around. Reason is that the effective max-bet isn't what's displayed on the site but rather the lower of that and the largest bet any active bettor will make. It's a bit of a gamble as a whale could show up from nowhere and kick off with a max-bet - but my instinct says that's a risk worth taking IF I could program a bot to reduce local amount as soon as anyone bet more than X (and then restore it once there'd been N minutes of no bets over X). I'd basically be looking to keep my real exposure close to 1% per bet - even when there was only low action so I needed a much higher risk % to achieve it in practice. This all seems very complicated. It would be easier for people to conceptualize if you had them set the percentage or risk they want as opposed to the total coins (invested + local) split. |
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I don't understand how you can verify they actually have the local balance they claim to have? Also, if you do this, maybe you should make the default edge lower and people can up-leverage themselves to 1% or more with their local coins.
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It is really a shame - it seems like a innovative currency and idea. However, the key to a new currency is a clean launch. It will be a disaster between the huge pre-mine snd the closed source. Just a waste of time.
No this is only a key to a new currency in this community. And the idea here is to not market emunie to this community. To think if this community doesnt accept it will fail is completely stupid and you think way to highly of yourself. I think this community is probably the easiest one to adopt a new crypto currency, if even we don't adopt it, I really think it will be nearly impossible to get enough others on the ship of emunie. But I don't know everything, I see alt-coins as a great thing for new ideas. I guess totally different marketing is also an idea, you guys have the luck average Joe doesn't care about open or closed source, sha-256, scrypt, primes, etc. I guess since im an average Joe and cant read a lick a code it dont matter to me if its open source or not. Maybe i am the only one that feels this way. ive spent enough time on the Emunie forum to believe it will not be a scam. If im wrong in the end Ive lost nothing but a little time and whatever i decide to invest. Not a big deal. From what ive seen and read im willing take a risk on it. All I can say is eMunie = Fail. I have much more optimism in Primecoin will overtake Litecoin as the 2nd biggest ecurrency. |
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It is really a shame - it seems like a innovative currency and idea. However, the key to a new currency is a clean launch. It will be a disaster between the huge pre-mine snd the closed source. Just a waste of time.
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Funny, our opinion was asked and we said we did not want a pre-mine, close source shitcoin. Then they complain it was bad-mouthed. Don't ask for opinions if you won;t like the answer.
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Oh, the closed source shitcoin? Not very
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