Ethan if the site wins 200 LTC, will prizes go 10x?
Yes, these are the rules we agreed on. |
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Also potential for Bitcoin atomic swaps letting people gamble with a larger number if they like (perhaps some "loss recovering" strategy), as well as some other benefits once LN is more developed.
Now we are waiting for new developments in Bitcoin. I am not sure if LN would instantly help everyone, but I hope it would bring some fresh air to the community. BTW: The prize pool in our Litecoin Wagering Competition is now over 45 LTC. Cheers, Ethan |
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Currently BTC and LTC are all we have, but we will be adding more in the future. ...
However, I´m wondering whether LTC was really the best addition out of all the available altcoins. Litecoin is well established for sure and we wanted a coin like that. Plus, Litecoin mimics Bitcoin technically so it was easy plugging into the wallet software itself. The biggest obstacle was changing YD code and data structures to handle more than one coin. Personally I think Ethereum is worth aadding, but it's based on a very different technology, so it's not a direct plug-in. But we can start working on it now. Other than that, I am looking at Monero. Some of its privacy features make me believe this coin has a future. But I am open to any suggestions - any coin you think is worth adding, tell me! Cheers, Ethan |
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Good to see the competition has gone live now. I would rather bet with litecoin, I don't know about others who are using the site but I love that option being available now. The more variety the better!  Also didn't notice that glitch before with betting with ltc and it showing it won as btc. I just bet that user was surprised when he saw that amount for the ltc he spent on the wager to get back 40x more($12000 per btc as $300~ltc) of his winnings.  More viewed as a bonus!  "Cross-coin betting" - only at YOLOdice.com :-) |
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 Ethan, it seems you missed a string I'm sure they would love to have won that much though Thanks! The fix is being uploaded. That's my biggest nightmare - mixing coins. Someone bets LTC, but wins BTC :-) Cheers, Ethan |
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I want to know, why YOLOdice are not allowing more than one connection from same API key, even with another one, to bet with same account with two opened bots for example?!
OK, here's the real reason: all bets are being placed in order, first-in-first-served. No bets can be placed at the very same time, therefore we use database locking and queuing internally. Now, bets from the same user require a bit different (more) locking and queuing than bets from distinct users. In other words - we can create bets from distinct users with better concurrency (and more throughput) than bets from the same user. Because of this even if we allowed simultaneous betting from multiple clients, there would be no (or very little) performance gains in terms of bets per second. We want to avoid is keeping a per-user queue of to-be-executed bets on our servers because this would increase resources required to run the service. Besides, it's not that we "forbid" using multiple clients placing bets at the same time. It's just when client A sends a "create_bet" method and client B sends a request "create_bet" before this first "create_bet" request gets processed, client B gets an error. Cheers, Ethan |
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Nice job with the update, Ethan. From the stats page it looks like LTC investors are only using 1x leverage. Are there plans to support up to 10x in the future?
Also, I know you've addressed this before, but it'd be awesome if YD supported ETH too. Even if you don't believe in the fundamentals of ETH you can't deny that there is a large pool of potential players and investors due to the fact that ETH is the #2 coin. On other sites such as crypto-games and bitvest ETH is almost as popular as LTC, and I'm sure both will continue to grow their share as players look for alternatives to gambling with BTC. Plus you can't spell Ethan without Eth.
I think ETH and in-site exchange will be our priorities. As for investments - I'll keep you updated! Right now 3rd party investors can only invest in BTC. This will probably change, and I will keep you informed! Cheers, Ethan |
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I am too lazy to test, but does "read_site_data" API already include LTC data?
Hi, there is an updated API site: https://dev.yolodice.com. Yes, read_site_data include LTC data too. I might be working on REST API too if anyone is interested. Cheers, Ethan |
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Yeah just logged back in with dicebot showing zero balance ...website shows correct balance BTCCheers Jon  WE ARE BACK ONLINE!!! pretty intense 2 hours, but we made it. DiceBot will be updated in the next few days AFAIK. No we need to upload some LTC for the bankroll! Thanks for your patience, and see you at https://yolodice.com/#chatCheers, Ethan |
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hey, Ethan, don't forget to contact Seuntjie, to add LTC on dicebot(release new update for us). I already did, he said he would release an update in the days following our update! So, today's a big day, everything seems to be in-place! Cheers, Ethan |
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Just a reminder: we are going to take YOLOdice.com off-line tomorrow at 9 AM UTC for maintenance required to introduce Litecoin.
I hope it will last no longer than an hour, but we want to be sure the whole site works flawlessly before we open to the public again.
The updates will be posted both here and on Twitter. YOLOdice front page will also display the Twitter updates, so you'll not be left in the dark.
Cheers and wish us good luck!
Ethan
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Will the faucet be separate of the Bitcoin faucet? (Can I claim the LTC faucet if I have BTC invested)?
and will be possible to invest in LTC bankroll? Hi, 1. LTC and BTC faucet are separate, but as for now you will only be able to claim faucet if your account balances are 0. So you cannot claim LTC if you have BTC and vice versa. 2. For now we (me and Scott) will be providing the funds for the bankroll ourselves. We might open LTC investments to everyone later on, but I cannot say when right now. Let's just make sure LTC works as expected. 3. Rakeback and referral bonuses will be available in LTC. Rakeback and referral LTC balances will be calculated separately from the BTC balances. If you wager BTC you can claim BTC rakeback, if your referrals wagered some LTC, you can claim LTC as your referral bonus. Cheers, Ethan |
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LTC will be added on 15th January Good news everyone! We are adding Litecoin to YOLOdice this Monday. We'll take YD off-line for an hour or so, it will come back with support for LTC. You will be able to deposit, withdraw, play, send tips, claim rakeback, claim referral bonuses and get faucet in LTC in addition to BTC! I know a lot of you have been waiting for LTC to be added, so I am glad it's so close now. Hopefully the small transaction fees and fast confirmations are also something worth waiting for! There will also be a special competition on to give LTC a kick-start, stay tuned! After that we'll be working on adding other coins too - if you have any suggestions, let us know! I will keep you informed! Ethan |
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Regarding recently disclosed CPU vulnerabilities - not data can leak out of our servers. We use virtualized servers provided by AWS and they made it clear their infrastructure prevents cross-client data leak.
I am much less worried about cross-process data leak because 1. malicious software would need to actively attack the CPU cache, 2. but it would first need to get to our instances first. So there is no emergency here, we'll be updating our server software anyway, but I do not see any real threat for us.
@veleten: we keep most of the funds in off-line wallets, but the kind of attack you describe is something we are trying to protect against.
First, we protect our servers with several security layers and there are only two persons (me and Scott) that have access to them. Now, if you read about the most famous cryptocurrency-related security breaches you can easily find out most were either inside-jobs or human-related issues. With two people onboard the risk of an "insider job" is much, much smaller.
Second, we actively monitor activity on our servers. If anything suspicious happened (a break-in attempt), we'd be alerted.
Third, cold wallets. One cannot just steal a seed, win big, withdraw and disappear. Having funds in cold wallet gives us enough time to act accordingly if the win was a result of seed leak.
Honestly I trust our system. I keep my Bitcoin savings at YOLOdice and I think they are safere there than on my PC.
Cheers,
Ethan
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Hi ethan_nx. I heard that Yolodice has Segwit enabled and I would like to know what your thoughts and experiences are in setting it up. I also want to ask how much in fees do you or your users pay when they withdraw from your site and how much cheaper are they compared to legacy transactions?
Nitrogen's solution to the problem is charging their users with $20 per withdrawal which is laughable. As one of the biggest gambling sites, they should be leading Segwit adoption in the community.
Segwit helps a bit, but only "a bit". I cannot remember the exact calculation of transaction weight for segwit/non-segwit transaction, but using Segwit addresses in our wallet help us save ~ 30% in fees. In fact it's less than nothing, because the fact that the blocks are full and network fees are skyrocketing increases fees by 1000% for everyone for most of the time. So YES: Segwit slightly helps us solve the problem that is the result of lack of scaling. And NO: Segwit alone does NOT fix Bitcoin scaling issues and high fees. Contrary to the common belief, Segwit solves nothing right now. It helps mitigate high fees in certain situations. Even if every transaction right now was a Segwit transaction, it would not solve the scaling problem. Ethan Cheers, Ethan Everything but the signatures are counted as normal (1 byte = 1 weight unit) and signatures are counted at 1/4 (4 bytes of signature = 1 weight unit) From what I remember as you said on the chat last evening that you were working on the lightening network for the site. Now I know you do programming for the AM bot on the site. So is this correct you are also working on this network for faster transactions to the site? I only meant I was planning on showing some statistics about the lightning network currently running on Bitcoin testnet3. Ethan, LN isn't as far off as you might think it is If that's the case - I am keeping my fingers crossed. Everything that helps with transaction speed gets my attention! |
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From what I remember as you said on the chat last evening that you were working on the lightening network for the site.
Now I know you do programming for the AM bot on the site.
So is this correct you are also working on this network for faster transactions to the site?
It must have been someone else. There is no official LN for Bitcoin yet, and I think a lot of time will pass till LN will be available for an average Joe. I am working on LTC though and it is scheduled for release before 15 Jan. Later we'll add more cryptocurrencies - this should help us mitigate high Bitcoin fees. At least to some point. I sent a Litecoin transaction earlier today and it costed me only $0.05. |
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Ethan - Has YD been patched to prevent Meltdown yet?
As far as we know our servers are well protected from the rest of the datacenter infrastructure. Nobody should be able to capture pieces of our data. Data isolation within our servers is not as critical as it might seem - we only run the code we trust, from know sources (mostly the official Debian distribution). So there is no danger of data leak either. But we stay alert and we follow the situation closely. We are monitoring the news regarding Meltdown and Spectre - these are really serious bugs! Cheers, Ethan |
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Hi ethan_nx. I heard that Yolodice has Segwit enabled and I would like to know what your thoughts and experiences are in setting it up. I also want to ask how much in fees do you or your users pay when they withdraw from your site and how much cheaper are they compared to legacy transactions?
Nitrogen's solution to the problem is charging their users with $20 per withdrawal which is laughable. As one of the biggest gambling sites, they should be leading Segwit adoption in the community.
Segwit helps a bit, but only "a bit". I cannot remember the exact calculation of transaction weight for segwit/non-segwit transaction, but using Segwit addresses in our wallet help us save ~ 30% in fees. In fact it's less than nothing, because the fact that the blocks are full and network fees are skyrocketing increases fees by 1000% for everyone for most of the time. So YES: Segwit slightly helps us solve the problem that is the result of lack of scaling. And NO: Segwit alone does NOT fix Bitcoin scaling issues and high fees. Contrary to the common belief, Segwit solves nothing right now. It helps mitigate high fees in certain situations. Even if every transaction right now was a Segwit transaction, it would not solve the scaling problem. Ethan Cheers, Ethan |
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If it's either Monero or Ethereum, I'm voting for Monero, because Litecoin has cheaper fees covered, so ETH has no clear purpose, plus it might experience more backlogs in the future, since its network is hitting the limits, while Monero has a clear purpose for anonymity, which is very important for gambling sites, because many exchanges and other services don't like deposits coming from them.
Would altcoin bankrolls be also crowdfunded? I would love to invest in Monero bankroll, since this is the altcoin I'm hodling for long term.
Will there be on-site exchange or an option for p2p exchange between users?
Personally I find Ethereum too much "edge-technology". I definitely like Monero too for it's built-in anonimity and clear purpose. Ethereum tries to be too much and it yet has to find it's real purpose other than providing framework for ICOs. Once we finish our framework for multicoin, adding other coins should be much simpler. Cheers, Ethan |
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