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1  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspended on 1st Mar 2021 please withdraw before 15th Mar on: March 16, 2021, 12:40:45 PM
Today I have suspended YOLOdice. And once again I'd like to thank YOU - the players, investors, supporters, moderators... just everyone who made this project possible. It was fun running the site, really, but as I mentioned multiple times, we really need a break and a fresh perspective to maybe come back with something new, better suited to the ever-evolving landscape of the crypto currencies world.

Thanks and cheers!
Ethan
2  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspended on 1st Mar 2021 please withdraw before 15th Mar on: March 13, 2021, 02:36:23 PM
@ethan_nx, talking about being an investor in gambling site, whom actually owned "4 investment" ETH on Yolodice before since it doesn't public? We like to know because Yolodice alraedy closed right now

All the ETH bankroll was owned by me and Scott. The number of investments was just a way how we have split the coins, it was not 4 all the time.
3  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspended on 1st Mar 2021 please withdraw before 15th Mar on: March 12, 2021, 10:06:41 AM
I know my opinion will not be very popular (or at least controversial), but honestly after 4 years of being on "the other side" of the gambling site, I will probably never again deposit any coins to a 3rd party site a for long-term investment. We worked hard to take proper care of the deposited coins and (thankfully!!!) nothing bad happened, but there are always some risks involved. If a site gets hacked (which does happen), what's the site policy? Will the owners cover the loss with their own funds? There is always a non-zero probability that things will go wrong and investors lose their coins.

If you compare the expected ROI due to coins/USD changes, possibly boosted by staking using a trustless protocol like Cardano or Polkadot (extra 10% a year) to the expected revenue from a gambling site, and then take into account a non-zero probability of actually losing your coins, I don't see much point in trusting coins to another site. Unless you do it for the pure fun, or you have other reasons to do so. Even when diversifying your portfolio it looks much safer today to simply invest in a bunch of coins, stake them and always have your private keys to spend them.

I don't want to undermine online gambling. I think it's really fun, both being an investor or player. There is a bit of adrenaline in both and it's hard to find a replacement for that. Watching Coinmarketcap or Kraken charts is not a substitute for a cool community chat, watching someone win or lose in a big way, or even being a part of the project that just give you this comfy feeling that you belong there.

It's all very important and that's what I really liked in YOLOdice. The community, the the fun, the chat, the adrenaline... But even though, I think investing in gambling site might not be the greatest idea in terms of expected ROI.

Cheers,
Ethan

4  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspended on 1st Mar 2021 please withdraw before 15th Mar on: March 04, 2021, 10:14:09 AM
I have lowered the min withdrawal amounts at YOLOdice and I lowered the cost of BTC batch withdrawals yesterday (relative to instant withdrawals). Batch withdrawals will be sent less frequently, in max 24h. Still, the fees are quite high due to network congestion - there is not much I can do here. I can only advice that there ARE parts of the day when fees are lower.

Cheers,
Ethan
5  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: March 04, 2021, 10:10:51 AM
End of YD yes , but in every closing door there will be another to Open , I'm sure that the Team is considering another gambling related business and not just Dice game.
We do not know exactly how much Ethan has neither, that is going to be one of the most important factors moving forward. I remember when Erik sold satoshidice for 126k bitcoins (a whooping 6 billion now, about 70 million or so when he sold it) he didn't just take the money and left and retired in a small town farm or something, he took that money and built other things, none as profitable as that obviously but he did kept working and not years later neither he worked on new things almost instantly.

So, if Ethan came out of this with a bit of money, even if not that much, it means he is a person who knows crypto very well, has managed a very good business for 4 years and has money and connections, and since he built this website as well that means he either knows coding very well or people who know coding very well. Which is why I believe depending on few things, Ethan could start on a new project very soon.

That's true. Although I have earned nowhere near 126k BTC, I can start thinking about funding a new project. The way I work is I usually do most of the initial prototyping (or even the whole project, as with YD) and this has at least 2 great benefits: 1. it can cut costs dramatically, 2. it gives me enough expertise to be in full control of what's going on.

So yeah, not doing anything is tempting and I could probably afford it, but where's the fun?

Right now I've started learning Rust extensively and I'm looking at Polkadot ecosystem - from the info I've gathered going through several coins it's the technology with the greatest potential in the crypto world, plus their ecosystem seems quite reasonably prepared for growth. It's something I can easily say "I like it". The question remains: what can WE do with it :-)

Cheers,
Ethan
6  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: March 01, 2021, 09:59:12 AM
So, it's official now. YD is suspended.

If you have an account on YD, you should:

1. Close any investments you might have,
2. Withdraw your coins to any external address.

You still can:

1. Stay with us in Chat for a few more days,
2. Subcsribe to our email list - we'll email you if we start any new project.

I am quite surprised by the amount of positive feedback I am getting. I've been trying to run YD the best I could, but still I am astonished by some feedback I am getting. It's awesome. Looks like we really made a difference in the crypto-gaming world!

Cheers,
Ethan
7  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 28, 2021, 09:24:49 PM

I'd be interested to work with something like that myself! Time for old dice people and old dice players and investors to come together and build a better dice?


Maybe indeed! But the challenges are just enormous, and not only technical. Most people would agree it's not even possible until someone just proves them wrong...
8  Economy / Gambling / Re: Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 28, 2021, 06:56:26 PM
Just saw all of this. I'm trying to claim ref rewards as well but on the BTC side it keeps erroring and saying the ref wallet is empty. Looking forward to being able to move it all out and I'll be eagerly awaiting your next adventure!

Talk to me directly on YD (/pm @1) or send email to support@yolodice.com if you are still having issues.

Cheers,
Ethan
9  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 26, 2021, 04:43:54 PM
There are many dApps that you can try, perhaps it will give you more inspiration. Good luck!

I know there have been numerous attempts to re-invent dice games, including dedicated coins, ETH contracts, ERC-20 tokens... IMO they are all pretty far from the holy grail of on-chain number games. Don't get me wrong, I know it's super-easy to criticize and point-out mistakes, but there is a good reason players aren't using them 24/7.

ICOs can be indeed tricky (good point) and actually I prefer building the product real product (or at least a solid preview) first then selling vapourware.

Anyway, these are just plans. I have some alternative projects to work on (and my family to be with), so it's not that I'll immediately jump into the next crunch :-)
10  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 26, 2021, 01:51:19 PM
Interesting to see that the discussion about how yolodice is closing (and ethan probably taking a break before he comes back with something else) turned into how bitcoin core could be good or bad, I mean it is obviously bad which is why we are looking for other improvements, but I am trying to figure out how that topic turned into this topic lol.

All jokes aside it is sad to see yolodice go, but I know that ethan would be coming back soon, he can probably deal with himself until summer or maybe just whole year this year but at the very latest by 2022 we are going to see him working to get back in lol, crypto is not something that leaves your mind alone, I remember for months I tried to think other stuff and not make crypto my main life, and eventually that failed so miserably that now I am full time crypto person that works and earns and lives all thanks to crypto lol.

Indeed, I definitely need a fresh perspective and a "clean slate" to start working on something new... :-)
11  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 26, 2021, 10:40:54 AM
Listen, I'll just have to tell you what I have in mind: I like what JD did - shut down BTC and started their own coin. But I don't think this solved the main problem IMO - whoever admins the site still is responsible for the coins, for the server security, for software etc. If you want to do it right, it's a 24/7 job with alerts waking you up in the middle of night. That's how it is if you want to run a reliable site. It gets better over time as you code matures, you solve most of daily maintenance issues etc.

I am thinking about starting a new blockchain with stakeable coins, but at the same time offering investor and player roles similar to dice sites. In addition to staking you could put your coins in the "bankroll". Players on the other hand could issue transactions similar to "bets" that would win or lose, based on verifiable distributed random number generation.

- The game itself would be a part of the blockchain protocol, so there would be no need to keep data centralized.
- The investors would always have control over their coins (no need to deposit them to any site).
- Investors would gain from both staking and providing coins for the bankroll (with game volatility involved).
- The game would be provably fair for both players AND investors (!!!).
- The blockchain would be fully distributed, no central storage or site. Ideally it would not be "owned" by anyone either.
- For the chain to be attractive I believe some social aspects should be implemented too - user accounts, chat, avatars etc.

It's still an early idea. If we decide to follow it, there will be numerous challenges, but hey, it could be really fun!

It's still to early to talk about ICO, but the idea keeps evolving in my mind and I have started exploring some technical aspects already.

What do you think?

Cheers,
Ethan
12  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 24, 2021, 01:41:09 PM
I have changed the ways the BTC withdrawal fees and now we take the fee/kb from https://btc.com/stats/unconfirmed-tx .

I was about to say they got much lower now, but the values got high again. Right now the instant withdrawal fee is high again at 0.001680 BTC and batch is at 0.00084000 BTC as the mempool becomes full again :-(

Cheers,
Ethan
13  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 24, 2021, 01:35:37 PM
I can see that LTC loses raises a lot of controversy and I fully understand it. The first time (in Dec 2019) someone won most of the bankroll was when we (me and Scott) owned the bankroll, so someone won ~4k LTC in just a few days. This plus ~700 LTC in rakeback and referral bonuses. These were taken directly from our pockets. We then changed the max bet profit and changed the rules to make such wins less likely. We've also opened LTC to other investors, hoping for the stable (although probably less exciting) growth. LTC profits came back to 2019 levels, but to our despair a similar thing happened in Aug 2020.

Believe me, we became paranoid after the first win, but the second time this happened made us ultra-paranoid. We have been checking server logs, bet history, API requests, algorithms, number generators... everything we could. Although we found nothing, this was still disturbing for us, not to mention investors (you).

We've never made our LTC back, and if you had investments open in Aug 2020 you probably suffered a huge loss too. I can only say we did all we could to make sure it was a fair win and I believe it was. The probability was low, but it happened.

Other bankrolls did not suffer anything similar (fortunately), but are under-performing too. All BTC, ETH (which is not a public bankroll), LTC and DOGE's expected profit is higher than real profit, which is disturbing for us too. It looks like some players with really high budgets were playing YOLOdice and their budget allowed them to keep winning. When you have large budget you can will small for quite a long time, until you lose in a big way. But this (unfortunately for us, investors) did not happen.

I also realize that this discrepancy between the actual and expected profit could undermine our reputation and I don't feel well about it. That's also one of the reasons we are suspending YOLOdice, although I would be much, much happier if we could close when the profits were at ATH.

Besides, I still believe we could come with a model where both players and investors could be protected by a Provably Fair algorithm and not rely on site operators.

Cheers,
Ethan
14  Economy / Services / Re: [CLOSED] YOLOdice.com Signature Campaign on: February 24, 2021, 08:41:25 AM
Thanks you so much for these 4 years, it's been a great campaign. YOLOdice would not be the same without YOU! Special thanks to Moglie for running the campaign. And perhaps see you next time!!!

Cheers,
Ethan
15  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 22, 2021, 03:43:20 PM
IMO, if you said reluctant to sell Yolodice to other people, it would be great if you never give a little hope for them to tell them pm/email you their offer since you will decline it.
Or atleast tell them how much mininum amount you want to accept so they won't spam your email with their offers (if you changed your mind and would sell Yolodice)

Here's my thinking: YOLOdice is not for sale. Definitely not to a random unknown buyer. I can image a few scenarios in which I would consider selling YOLOdice, but I don't think it would be an easy process. As you can imagine, it's not just about the money.

Since people are withdrawing I can hear a lot of complains about withdrawal fees. It's been something I've been fighting with since day 1. BitcoinCore fee estimations suck in a big way - for some reason the developers have chosen the worst possible way to do it, based on historical data and not the current state of mempool. I've been trying to use external services (btc.com) for fees, but this ended pretty badly because their API was very unstable. Since I am not fanatic about improving BTC I did not want to dig into the actual BC code and fix it, so we have to live with that for a few more days :-/

Edit: replaced "fanatic" with "not fanatic". sorry about the confusion.
16  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 22, 2021, 11:13:38 AM
I have to admin that what you are saying is highly inspiring to me. The decision about suspending is final, so that did not change my mind, but damn, [/b]YOU GUYS ARE GREAT[/b].

I am getting tons of emails from "potential buyers" about YOLOdice, and let's make it clear: our intention is NOT to sell it. Especially not for 1 BTC, as offered by one of such "buyers".

As you noted earlier, there is a matter of reputation - the new owner would basically have to start building his reputation from ground, and there is a pretty long way from that to accepting investments.

On the other hand I strongly believe that what makes YOLOdice reputable is 1. people that run it, 2. people that support it, 3. people that use it. There is a huge value in the package (1+2+3), not necessarily in the separate pieces.

Suspending YOLOdice is not THE end. It's the end of something, but come on - there are less and less people who want to deposit coins if transaction fees are over $10, and coins themselves are increasing in value even if you don't gamble them.

I respect Dooglus for closing JD and switching from BTC to CLAM - it was a sort of solution to keep the game rolling, but detach the value of the tokens from BTC.

YOLOdice might actually come back in the future (that's why I am reluctant to sell it), but in a different form.

Cheers,
Ethan

PS. If you really want to buy YOLOdice, please spare me some nerves and don't offer 1 BTC for it :-)
17  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-( on: February 20, 2021, 11:35:44 PM
Thanks for all the warm words! What you said, and reaction of people in the Chat almost made me change my mind :-)

But seriously, I am not saying "never", so maybe YD will have it's comeback. I just don't know yet.

THANK YOU! It's really hard to express how much I will miss YD, and how much I am happy for these 4 years - it was really fun. But as I hinted in the explanation, the real-world value of coins are kind of killing the fun. Not to mention the crazy transaction fees that kill the fun completely for smaller players.

No worries, I cannot stand doing just nothing, so I'll probably come back with something new. Maybe a distributed, consensus-based, verifiable game?

Thanks again, I'll stick around!
Cheers,
Ethan
18  Economy / Gambling / Re: We'll be suspending YOLOdice on 1st March on: February 20, 2021, 05:56:25 PM
One question here: will you be approachable/open to sell the site or to give some consultancy for interested people who would like to become crypto gambling entrepreneur?

I can only say I am open to different possibilities. I'll stay at BT, but let's be honest - I haven't been ultra-active on the forums. I'll be reading PMs for sure, so you'll be able to reach me.
19  Economy / Gambling / We'll be suspending YOLOdice on 1st March on: February 20, 2021, 05:26:44 PM
It's been awesome 4 years (a bit more actually,
but we are suspending YOLOdice on 1st March 2021

no, we have not been hacked ;-)

We (Ethan and Scott) have been running YOLOdice for over 4 years now. Without much exageration I can say this has been the greatest adventure we had so far in our professional life. We were lucky enough to be a part of growing cryptocurrency ecosystem from its early days, but YOLOdice was our first "real" project that put our professional experience in the cryptocurrency world.

We've witnessed the Dice Era emerging with Satoshi Dice and entering its golden-age with the dawn of Just-Dice. And I am really glad that YOLOdice could be the part of the crypto-dice world!

For us though, dice games were much more fun when the cryptocurrency world was smaller, and the coins themselves were (sort of) detached from the real-world value. Bitcoin and other coins are much more than they used to be a few years ago. Crypto is goin mainstream in a big way. Cryptocurrencies are not for geeks any more, they became the cutting edge of the future financial world.

We still think dice sites have their place in the crypto-world, so if you want to start one don't get discouraged. Maybe it's just us that keep complaining about the world changing :-)

Let's also be honest about one more thing running a site like YOLOdice is no easy task. Server security, software development, managing equivalents of millions of dollars belonging to investors and players that trust you we've been doing our best and we've put as much effort in running this site as we could. But this responsibility has started affecting our lives in the way we had not anticipated. It's been like riding a rollercoaster sometimes. We will be more than happy to take a break, take a deep breath and maybe then come back with something new. In other words, we really need some time off. Really.

Anyway, I think we have achieved something great here. By "we" I mean Scott, Ethan and you all the players, investors, moderators and supporters. Thanks for your trust, for sticking with us. These were awesome four years, really.

We are not disappearing completely, so I guess we'll see each other again!

The roadmap is:

   - till 1 March 2021 the site is fully operational,
   - 1 15 March 2021 placing bets is not possible and we expect all balance-holders to withdraw their funds,
   - after 15 March 2021 the site will be replaced with a static page and you'll be able to reach us only via support@yolodice.com

 If you want keep your investments open as long as possible, they will still be an active part of the bankroll till 1st March. After 1st March you'll be able to close your investments and withdraw funds from YOLOdice.

If you want to close withdraw earlier, you can actually do it any time.

More info at https://yolodice.com/#faq
20  Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 play&invest BTC ETH LTC DOGE on: December 18, 2020, 10:33:57 AM
We've been there before - some players tend to gamble with really high bankrolls, which let them win most of the time. But when they fail, they fail spectacularly and site profit grows huge. If you look our stats https://yolodice.com/#stats/investor you'll see ups and downs. It's not uncommon for the site to gain 60 BTC in a few weeks too.

I am glad things start rolling - I am seeing old players coming back to YD, and a bunch of new accounts too.

Cheers,
Ethan
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