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881
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Economy / Gambling / Re: Dice Game - 33% Bet - Only getting paid 1 to 1 ??????
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on: August 20, 2015, 09:37:50 PM
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So if what he said is true , people can get an positive EV which will result in site's loss in the long run, hence I guess the devs are fixing the issue.
I think the best you can do is 97.53% odds for a 1.02 multiplier which means there is a house edge of only 0.5194% instead of 1%. If that is no fun you can do 81.48% for 1.22 multiplier with 0.6% HE. The worst you can do is 97.54% for a 1.49% HE. As you can see it's only between ~0.5% and ~1.5% HE, positive EV is not possible. This is issue #2 and unrelated to OP. OP's issue #1 is separate. It seems to round the profit always down to 2 decimals + probably some float precision bug or something like that. This does not only happen on min bets, for example: Bet 0.01 on 33% - 2x profit only 0.01 (33% HE) Bet 0.05 on 41.95% - 2.36x profit only 0.06 (7.7% HE) Bet 0.21 on 55% - 1.8x profit only 0.16 (3%) Bet 1.00 on 69% - 1.43x profit only 0.42 (2% HE) Bet 0.32 on 22% - 4.50x profit only 1.11 (1.7% HE) Obviously the disadvantage is the biggest on the lower bets. You can just type these bets+odds on the website to see it's really giving these results. edit: notice 81.48% from my example in issue #2 is also affected by issue #1 so you will not get that 0.6% HE on lower bets. 97.53% for 1.02 should work at all sizes though. If that is the case we can conclude that their site is fucked up but they are not trying to cheat because players could abuse that īībugīī they still havent answered here tho, maybe they are trying to solve the problem? |
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882
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Economy / Gambling discussion / Re: Why do people still play dice?
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on: August 20, 2015, 09:33:01 PM
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if you play dice withiout any money being involved i would be really really surprised.
Take a look at https://doge-dice.comIt is exactly that: dice without any money being involved. It's basically a clone of Just-Dice, but without the crypto. I don't think I've posted about it for months, or mentioned it anywhere for days, and yet I just peeked in and sure enough there's one guy playing it:  He's playing with worthless play money, presumably just for fun. Well i might be wrong but probably a lot of people that play there do it to test their īīstrategiesīī but hey if they play for fun and they have fun, good for them |
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883
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Economy / Gambling / Re: Live betting
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on: August 20, 2015, 09:31:25 PM
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Directbet is definitely a good site and i never had any problems with them but what benefits do you get from betting live, i dont really get it.
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884
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Economy / Speculation / Re: Who here has bought sub 225 in the past couple days?
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on: August 20, 2015, 09:21:00 PM
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I had a good amount of bitcoins, bought around 250-280, i now decided to convert them into litecoins since the potential, at least is what i think, its higher, i mean litecoins going from 3 to 4 will already give me more profit than bitcoin growing up 50 dollars and with the fork coming out it may go high
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885
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Other / Meta / Re: Everyone calling for Quickseller to end war on tsp; QS ignores thread for weeks
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on: August 20, 2015, 09:18:39 PM
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Tsp asked me to rethink my opinion about the issue and I did.
My overall assessment of the situation is (boiled down):
- the issue is from the ancient (in internet terms) past
- there has been no other issue since
- there is no concrete proof, just assumptions and interpretations
- the circumstances under which QS dug up an old post as well as the behavior[2] after the rating was left, indirectly removed (BadBear removing QS from DT) and reinstated (TC adding QS) along the several[1] ratings make me question whether this is personal or not.
Yes, there are no rules regarding the DT List, but I would suggest to remove the rating or at the very least change it to neutral.
[1] @QS Im not sure whats wrong with that word, but you left 3 ratings, as QS, as ACCTSeller (now removed) and as FunFunnyFan.
[2] Both sides seem to be locked in some sort of vendetta now. This is does effect other threads and posts.
Yes you are right, there is no solid proof and even if it is, as dooglus said, itīs not really fraud? I mean after all quickseller was selling accounts with DT, which i would consider fraud. He should change it to neutral and leave it like that. |
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886
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Other / Meta / Re: What are the new rules for posting?
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on: August 20, 2015, 09:13:47 PM
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With the recent removal of the "Gold Collapsing. Bitcoin UP" thread [my favourite thread to chat in], I've become unsure what the rules are for posting here at this forum. In particular:
1. Are we allowed to talk about non Bitcoin Core implementations of the protocol?
2. Are we allowed to discuss proposals that, if adopted by >50% of the hash power, would result in a hard fork?
3. Are we allowed to criticize the moderators?
4. Can I post /u/raisethelimit's lasted comic? [lol it involves a CONSENS-A-TRONTM]
3. you are definitely allowed to criticize the mods, there have been plenty of posts about it. 4. on off-topic im pretty sure you could im not sure about the others |
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887
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Economy / Gambling discussion / Re: Why do people still play dice?
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on: August 14, 2015, 02:07:01 PM
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Why is this thread still active?
Dice is addicting. End of story....
i really dont see whats so addicting about dice, its boring if anything. all there is is high/low and you get to change the multiplier. addicting for some users as they can see the result of their bet in just a second and so on. but personally for me, i dont like dice and sometimes just to kill boredom i play it Thats ridiculous and i dont believe it, no one plays dice just to kill boredom, if you play dice withiout any money being involved i would be really really surprised. |
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888
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Economy / Economics / Re: Bitcoin Faucets - how much do those sites make in ad revenue?
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on: August 12, 2015, 06:31:51 PM
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I do not know how they make their ad money but I recently saw a faucet for sale where the owner claimed profits of $24000 per month. Pinch of salt I think.
That seems absurdly high for a faucet to do really well. I can see why freebitco.in does well because of the keyword naturally brings 1,300 per month search volume and similar related words to add that. But I dont see any other sites to do well because of the seo done on them arent based on keywords. Well freebitco.in has to win even more per month to sustain their btc lost, take a look at the stats, some days they give out 30+ bitcoins per day and some others even 100, of course some of those are going to get wasted on gambling and some of them never get withdrawn but still, itīs a huge amount Those are insane amounts... I'm quite sure though that a lot of that will never be touched by persons. I personally also used some faucets a couple of times only to forget about the couple of satoshis in there. Yea but i once was away from the site for months and my money was still there, meaning that they dont take it back so even if you are not using it they still lose it, i think. |
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889
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Economy / Gambling discussion / Re: Why do people still play dice?
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on: August 12, 2015, 06:30:34 PM
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Another way to look at it: Since 0 satoshi bets are delayed by 0.3 seconds on JD, the average time needed with non-stop betting would be 2^30*0.3s = 3728 days.  That's right! If you want to be clicking the 'hi' button for the next 10 years to win a free 1 BTC, be my guest!  Well, if Just-Dice gets a few million rolls per day, it is quite probably that someone will hit it, may be twice a year.  No, i dont think so because it requires a high amount of money even starting at 1 satoshi to hit 30 in a row you would need a ton of money, thats why is really rare, of course dice sites have a ton of bets but really almost no one is betting like that, 1 satoshi bet and doubling 30 times. |
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890
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Economy / Gambling discussion / Re: Why do people still play dice?
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on: August 12, 2015, 02:16:49 PM
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I thought i read on this forum that some people has already rolled 30 rolls on just dice and even a little bit more, i guess dooglus is talking about getting 30 in a row a few times which is indeed weird but it could happen tho.
Yup dooglus once posted that there was a 32 loss streak on JD with 49.5% bets, but now Dooglus is offering 1 BTC for 30 loss streak for 50% bets. Its obviously possible, never happened to me tho because i cant even reach it because of my low bankroll and probably a lot of people dont get long streaks like that because of the bankroll |
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891
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Economy / Gambling discussion / Re: Why do people still play dice?
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on: August 12, 2015, 09:59:38 AM
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well buddy dont want to argue on this but , if the numbers r not tampered then why do i always get 30 reds at 50% chance while martingale
You don't. Nobody ever rolled 30 losses in a row at 50% at Just-Dice. If you can provide a legit screenshot of it happening even once (edit: at Just-Dice) I will send you 1 BTC or 80 CLAMs, your choice. I won't reply to the rest of your post, because it has already all been expertly refuted by others. If you are regularly seeing losing streaks of length 30 at 50% on any site, let me know. That would seriously need looking into since it should only happen about once per BILLION rolls. maybe clarify weather or not it has to be on martingale settings (low only or high only) instead of manual betting? i feel like people would actively try to manual bet their way to 30 losses in a row just for the 1 btc/80 CLAMs. I thought i read on this forum that some people has already rolled 30 rolls on just dice and even a little bit more, i guess dooglus is talking about getting 30 in a row a few times which is indeed weird but it could happen tho. |
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892
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Economy / Economics / Re: Is bitcoin dead?
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on: August 11, 2015, 09:07:24 PM
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It is not dead, not even close. On the other hand the price is lower than we expected. That is a big problem. It should have been near 300-350$ now.
Then again people who just care about price dont know anything, itīs not about the price, itīs about the stability and whether bitcoins can be used for something useful or not Tbh i don't care about price for myself, i am worrying about poor miners. That is all. I don't stay in btc, i always stay in fiat. I use btc when i need to. Hoping to clear this up. Itīs always going to be a balance, if the price is too low miners leave and the difficulty goes down and viceversaIf prices went too low, the small miners who have slower hardware will leave, and the big mining farms will dominate the mining scene. That's how it works today. Bitcoin will never reach a state of equilibrium simply because of the centralization of mining (big mining farms) and the small miners, whales in the market, small buyers in the market and whatnot. You can never expect balance in a state of chaos. How is that any different from what i said? I said miners will leave, didnt you read ? But not all of them, that's why I made some differentiation. Generalizing that miners will leave is wrong, as the big farms would likely stay because they will find profit compared to small miners that will leave the scene because maintaining the miner + electricity costs > profit. Hope you got my point. Anyways dont most miners now work in groups? In really big groups, there are not many small miners anyways right? The difficulty is so high that itīs just not worth it, you need insane mining rigs to make it work |
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893
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Other / Off-topic / Re: Is the user Fanatic sick or something?
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on: August 11, 2015, 08:50:54 PM
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Well as you said his trust is nothing and i doubt someone would fall for his scams, i think people is way more careful now with trades, especially with paypal trades but hey if he is bored..
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894
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Other / Meta / Re: QuickSeller Forces You Into Using Escrow Scam!
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on: August 11, 2015, 08:48:11 PM
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i think default trust would be better than your negative trust quickseller.
since he is not scamming anybody, but with his negative trust now, he is looks like scammer.
if i'm on GamingOn position, maybe i will doing something like this because it is not comfortable doing business with the negative trust on the account.
He shouldnīt have done shady things then, he wanted to make trades without escrow and the other person to send first, his reason was that the other person was a newb, fine, use escrow, dont ask him to send first when you dont have good trust yourself |
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895
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Economy / Economics / Re: Is bitcoin dead?
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on: August 11, 2015, 07:58:08 PM
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It is not dead, not even close. On the other hand the price is lower than we expected. That is a big problem. It should have been near 300-350$ now.
Then again people who just care about price dont know anything, itīs not about the price, itīs about the stability and whether bitcoins can be used for something useful or not Tbh i don't care about price for myself, i am worrying about poor miners. That is all. I don't stay in btc, i always stay in fiat. I use btc when i need to. Hoping to clear this up. Itīs always going to be a balance, if the price is too low miners leave and the difficulty goes down and viceversaIf prices went too low, the small miners who have slower hardware will leave, and the big mining farms will dominate the mining scene. That's how it works today. Bitcoin will never reach a state of equilibrium simply because of the centralization of mining (big mining farms) and the small miners, whales in the market, small buyers in the market and whatnot. You can never expect balance in a state of chaos. How is that any different from what i said? I said miners will leave, didnt you read ? |
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896
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Economy / Economics / Re: Bitcoin Faucets - how much do those sites make in ad revenue?
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on: August 11, 2015, 06:58:32 PM
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I do not know how they make their ad money but I recently saw a faucet for sale where the owner claimed profits of $24000 per month. Pinch of salt I think.
That seems absurdly high for a faucet to do really well. I can see why freebitco.in does well because of the keyword naturally brings 1,300 per month search volume and similar related words to add that. But I dont see any other sites to do well because of the seo done on them arent based on keywords. Well freebitco.in has to win even more per month to sustain their btc lost, take a look at the stats, some days they give out 30+ bitcoins per day and some others even 100, of course some of those are going to get wasted on gambling and some of them never get withdrawn but still, itīs a huge amount |
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897
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Economy / Economics / Re: Is bitcoin dead?
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on: August 11, 2015, 06:55:27 PM
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It is not dead, not even close. On the other hand the price is lower than we expected. That is a big problem. It should have been near 300-350$ now.
Then again people who just care about price dont know anything, itīs not about the price, itīs about the stability and whether bitcoins can be used for something useful or not Tbh i don't care about price for myself, i am worrying about poor miners. That is all. I don't stay in btc, i always stay in fiat. I use btc when i need to. Hoping to clear this up. Itīs always going to be a balance, if the price is too low miners leave and the difficulty goes down and viceversa |
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898
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Economy / Economics / Re: Is bitcoin dead?
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on: August 11, 2015, 05:55:34 PM
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It is not dead, not even close. On the other hand the price is lower than we expected. That is a big problem. It should have been near 300-350$ now.
Then again people who just care about price dont know anything, itīs not about the price, itīs about the stability and whether bitcoins can be used for something useful or not |
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899
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Economy / Gambling discussion / Re: Why do people still play dice?
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on: August 11, 2015, 04:25:50 PM
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no luck In a matter of fact, dice is all about luck . There is nothing much you can do except totally "hope for the best" that you might get yourself lucky because the numbers get tampered Totally wrong unless you play in a non-provably fair site or a rigged site like 999dice. Every dice sites that have provably fair wont tamper your bet result because players could check it easily and if someone finds out that the site is rigged than they are destroying their own reputation ( like what dicebitcoin did ). If you totally think your bet was tampered than simply prove it and present the proof in public therefore you can easily destroy their reputation, otherwise you are just being unlucky . the only thing from which u can make money is 'short term variance' that is like investing and making 10 % in under 50 rolls Variance is also about probability as you can always lose more than 10 % in under 50 rolls or so in this way u can profit before the system gets u and as far as legends r concerned u r right they r legends because they start gambling with a ton load of BTC.. so there 20% is like 30 coins..
False and this is a total fallacy nothing more. Im not sure where do you play dice at but this is nonsense because it is not always a guarantee that you will win early in the games well buddy dont want to argue on this but , if the numbers r not tampered then why do i always get 30 reds at 50% chance while martingale and never got more than 10 reds while manually playing any other multiplier ?? Plus u have a better chance to win in the starting rolls because it takes time for the algorithm to understand the sequence ur playing and eventually u end up in a sequence which dosent suites your gambling strategy ..and dude u clearly dont understand how the numbers r tampered ,u can never catch if the numbers r tampered or not because the random numbers that is chosen generally on all dice sites are done by their algorithm or by their designed system not by yours and u cant fight why this is chosen and not that, so u get the same results as they get but the number was not really a RANDOM when u martingale there is a very less chance to get busted in the beginning rolls but there is a 100000% chance that u get busted as soon as the rolls increase because eventually u end up in a sequence that dosent suite ur method etc.. and plus this is all maths and probabilities everything is approx..and i never gave anyone a guarantee loll... RELAX . Of course there is a less chance to bust on the begining rolls, there is in fact no chance if you need 20 loses to bust and you are only rolling 10, whats your point? my point is if u just dont get greedy and cashout earlier, like 20 % profits then u have a chance to make profits I dont see how cashing out early would give you profit, you can only get profit if you are ahead and stop FOREVER, quitting early just to play later makes you lose in the end |
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900
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Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead
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on: August 11, 2015, 04:23:01 PM
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lite coin will never die as long as btc is here. it will always be use mainly for speculation, not much else. thats all it needs tho.
Use for speculation? What do you mean? Arent all crypto coins used to speculate since their price fluctuates mostly because of speculation |
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