You say that after 5, 10, 20 years having to vote every x interval of time. Too long, you forget about it. Too short and you get sick of it.

you'd have to convince the benevolent holders of MSC to vote somehow or else it'd be a bother and participation would drop off
perhaps have a quorum function as well

Thank you guys for understanding me.

That's why if Doog divested everyone by 75% when Nakowa was playing, it would lower his max bet to 80 btc as the total invested amount would drop to 8,000.  But this would also leaving 24,000 spread out in player balances.

And then those that want to invest more that .25% of there balance can feel free to do so from their account player balance.  

Now investors are at the mercy of Doog's change.  It would have been much easy to divest everyone by 75% so it can free up our coins instead of keeping them at cold storage.  Now the only way to get back to 1% risk is to buy 3 times the amount of BTC we have invested off of an exchange and invest more, introducing more counterparty risk, and a more cumbersome process.

The best would be set max bet to a flat 2%.  And you can invest 1/2 of what you would have invested for 1% risk, or 1/8 of what you want to invest for .25% risk.  Thoughts?

(I am an investor with a triple digit amount of BTC in JD)

The number of people disagreeing with Dooglus outnumbers those agreeing by 2:1.

I hope he reconsiders what he's done.  He listened to mechs instead of listening to 30,000BTC in investors who left their money in at 1%.

Investing less money doesn't change the risk of ruin (ie. of the site going bust).  Whatever you invested, you were risking 1% of it per roll.

I have temporarily set the max profit to 0.25% because with it at 1% nakowa was able to take huge chunks of the bankroll over and over, as he has demonstrated time and time again.  To make matters worse, each time he takes a chunk of the bankroll, more investors lose faith and divest, resulting in the bankroll shrinking even faster.

Risking 1% of the bankroll per bet turned out to incur a much greater risk of ruin than I had anticipated, and so I made the change to 0.25% in an attempt to prevent ongoing huge losses.  At no point was it intended to be "the solution"; it's a stopgap fix until I can put something better in place.  I need to seriously reconsider allowing investors to somehow set their own risk level.  If some want to risk 0.25% per bet and others want to risk 1% then I don't see why I shouldn't let them.

If nakowa continues to win, the 1% people risk going bust, while the 0.25% people gain an ever increasing share of the remaining bankroll.  Eventually all remaining investors (the cautious ones) will be risking 0.25% and we'll be back where we are now, and the 1% investors will have had the chance they're asking for - risk big to win big.

If nakowa does blow up one day, the 1% people get the lion's share of his losses, which they will deserve for 'keeping the faith'.

Of course, maybe he'll never return whatever happens; who can say?  I know he has said many times before that he has quit.

As many of you know, Just-dice investors lost a lot of BTC to Nakowa.  He currently has 13,000BTC of investor money in his hands. As a result, dooglus lowered the max bet to 0.25%

Nakowa has stated that he will never play again since the max bet has been lowered.

As an investor, Are you happy with lowering the max bet?


EDIT: Some things to consider

PROS:
-- Less variance for investors.

CONS:
-- We must assume for now that Nakowa will not play again (this might change, but he said he won'y play again at this bet size). This means there is no way for investors to recover the 13,000BTC losses.
-- As BTC exchange rate rises bet sizes will drop. As time goes on without nakowa, its possible that the site will never hit +6000 profit making it impossible for some investors to recover their losses.
-- Changing bet size without notice wasn't good for gambler confidence.

Idea: weekly (or bi-weekly) high scores, with achievements to unlock.
That would be our version of the free appetisers to people gambling a lot.

Just like every single other fund on BTCT you can't do shit until it's voted on. There is not and never has been a set timeline for when votes have to be in by. So there is no way to answer this, just like every single other fund.

Follow it here: https://btct.co/security/BTCGARDEN