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If investors get their account balance reduced because of house losses, is it stated what kind of game (dice or slot) caused this house loss?
No. The only reason I was able to find this out is because the bet showed up on the public big wins table. When I click your link, it shows only the recent rolls for the past minutes. Do you have any other source for his win?
 You can see these stats live by going to big wins and clicking last 30 days. Based on what do Satoshi Slot share the same bankroll as Satoshi Dice?
1) Knowing my investor balance before and after that day. 2) Seeing this win of 303 BTC that correlated to the amount of site bankroll lost. |
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-snip-
Btw, how much is the house edge for Dice?
According to their investment page the edge on dice is 1.9%. This agrees with their payout of x2.00003 when less than 32145 (49.049% chance) -snip-
If the player placed a bet of 0.25BTC and won a x1215.92 multiplier well this is not a joke amount of winning. Its a big amount of bitcoin take note not satoshi. I don't know if this is only a way of hyping the people just to seek more player to play in the games. Do you have any proof of this things?
A player made this bet and won, it is publicly viewable in the "big wins, last 30 days" list. I do not advocate playing or investing at satoshidice. In fact, I advocate the opposite; this site has gone to shit and everyone should cash out immediately. The edge on the slot game is higher than on the dice, so the Kelly criterion allows higher bets.
The SatoshiSlot has a theoretical payout percentage of 96.5%. This however cannot be determined to the same precision as the dice, as in the slot the RTP/edge is calculated by a simulation, known as the "theoretical payout percentage" or RTP, "return to player".
The max bet on the slot game is not automated as on the dice, it has to be done manually. The slot game has many paylines, it doesn't really work well if the bet sizes on the slot game would be in increments of 14.235, 18.503, 26.322 instead of 10, 15, 25 ect.
There are similar wins with lower bets. Overall, Satoshidice paid out more than the expected value to investors since the start, meaning that the bets actually generated more to investors than the expected outcome.
If the bankroll decreases further or more investors have an opinion about it, we will lower the max bet.
This is bullshit, the game designer can determine the exact RTP because they programmed it; no casino would run a game on which they did not know their exact return. You deceive investors into thinking you are employing a legitimate Kelly criterion strategy but clearly there are no fucks given about your legitimacy. It's about time SatoshiDice went the way of the dodo, you've made Erik a sad man. |
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I did not question you, but wanted to get clarification, because the contract laws are very precise. You have the opportunity to be part of Satoshi Dice's bankroll. Based on this they can say Satoshi Dice keeps the maximum profit a player can make on a bet to 1.9% of the bankroll (employing the Kelly criterion). and they speak about the website satoshidice.com in general and not about Satoshi Dice vs Satoshishi Slot If they would have stated satoshidice.com keeps the maximum profit a player can make on a bet to 1.9% of the bankroll (employing the Kelly criterion). it would have been instantly clear that they mean all offers of the satoshidice.com website. I hope yyou can see the difference? They obviously breached the legally binding agreement and victims could initiate legal action in Curacao. Curacao has civil and criminal laws based on Roman law, because they were originally a part of The Netherlands in Europe. A large number of conis also magically disappeared and I already sent to two victims contact details of a lawyer in Curacao. I was instantly accused of selling lawyer services, but I will not see one vcoin of it. I even do not know of they will refer to me if they decide to contact the mentioned lawyer. Your analysis of the wording raises another interesting point. It's not even clear that an investor is part of the SatoshiSlot bankroll in the first place. However, the loss on this day and a look at the recent big wins makes it undoubtedly clear that the bankroll is shared by both games. Bet on the House
You have the opportunity to be part of Satoshi Dice's bankroll. The bankroll is the total amount that that players have placed to bet on the house and you are paid according to your percentage of the house's bankroll. Satoshi Dice uses a 1.9% house edge and backers get 50% of the house wins or losses. This means a 0.95% Expected Value (EV) that is shared by the backers. Affiliate earnings, Leader Board rewards and other rewards are not paid by the backers, and there are no additional fees. Minimum amount to bet on the house is 0.001 and there is no upper limit. I think this site is going down the drain. All the claims of lost balances lately and their unwillingness to ever offer support. Even their cold storage has been depleted lately and only holds about 2/3 of current bankroll (ignoring customer balances that are not in the investment) |
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You quoted the maximum for Satoshi Dice and where is the maximum for Satohi Slots stated?
Also, I recommend to make screenshots of everything, terms and conditions, winner, etc.
SatoshiDice and SatoshiSlot are both accessible from satoshidice.com, SatoshiSlot does not have its own website. The quote I gave is from the "Bet on the house" page where one can invest in the bankroll which is shared between SatoshiDice and SatoshiSlot. I have made screenshots and can post them if requested. But anyone can see the terms without logging in by going to https://www.satoshidice.com/ and clicking "Bet on the house". |
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BackgroundAs you may be aware, a user on SatoshiDice had a BIG win recently. On January 11, 2017, Underdog01253 (user ID 2789717) placed a bet of 0.25 BTC and won a x1215.92 multiplier to walk away with a whopping 303.73 BTC. This bet was placed on SatoshiSlot which shares the same bankroll as SatoshiDice. Here's the scamSatoshiDice claims they employ the Kelly criterion to limit the maximum profit to 1.9% per bet. Satoshi Dice keeps the maximum profit a player can make on a bet to 1.9% of the bankroll (employing the Kelly criterion). How did they allow this user to win ~14% of the bankroll in a single bet?
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Dam, China fakin' stuff? I'm SHOCKED. Don't use nonea them exchanges, they all wack as fuck. Betta call up KRS1 ta come rap at ya barf mitzvah.
I think this sums it up perfectly |
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I understand that people have varying agreement on the negative aspects of signatures, but can someone tell me any positives?
Self-expression is not really necessary to be seen every time you post. If you have something interesting then it can be posted in your profile.
A quick pros vs cons makes me wonder why signatures still exist here.
Not sure what exactly your problem is with signatures per se. Wana elaborate? #1 more room than in your profile #2 better visibility than in your profile #3 area where ref links are allowed #4 allows formatting and/or colors depending on your rank My problem is that it's just advertising space. The downsides of moving it to the profile would be heavily outweighed by the benefits of increased forum post quality. |
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My boss is selecting 10 people to personally coach how to earn a living trading bitcoin. His goal is to have you earning $1,000+ a day within a few weeks. You'll learn how to protect yourself from scammers, manage banking relationships, build loyal customers, compliance, I'll even reveal my suppliers. If you're interested in the class, set up a time for him to call you and tell you about it. https://briansewell.acuityscheduling.com/If that's the case that would be a great news for the individuals, but the big question is why His/her goal is to have you earning 1000$/weekly. Its very unavoidable to think that your boss is not gonna do it without any good in return. Isn't right? But still I'm gonna try it if it is for real free. I'm gonna check it out first. It's not free. It's 14btc |
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It actually looks legit. The youtube video is descriptive, Brian has a solid LinkedIn profile and established businesses.
He's charging 14btc ($85k at post time) for 6-8 1hr and after-sales service included. Looks like he legitimately wants to become a mentor.
Personally, I wouldn't give this info away for $100k. I also wouldn't pay $85k for it. Don't take his crap about $1000 per day, you'll probably be more like $100 or less per day for a long time.
Bottom Line: It's probably too expensive for you to see any profits in the first year, but I don't blame him for charging that much.
14btc isn't $85k at any given time, no one cares if he is legit or not people only care in results and I tell you that there is no $1000 a day or $100 for that matter without the risk of losing all you've got. I wouldn't pay any one even a penny instead I can learn for myself lol. Woops I meant $8500. He it taking 10 students so $85k for himself. |
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I understand that people have varying agreement on the negative aspects of signatures, but can someone tell me any positives?
Self-expression is not really necessary to be seen every time you post. If you have something interesting then it can be posted in your profile.
A quick pros vs cons makes me wonder why signatures still exist here.
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LOL at shill for the OP.Your posts are passively shilling this thread  I don't mind shilling OP... Brian seems to have a legit offer here. It's just too pricey, in my opinion. |
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Yes I understand we are on the Internet. But I think it's a special group of people that Bitcoin attracts because they think it's some get rich quick scheme and not just money... Thousands of posts on how do I make x btc per day; the answer is get a fucking job then buy Bitcoin.
Isn't Bitcoin quite of the get rich scheme ?  Started from $5 now we at $1024 , not "quick" obviously but you get the reference.It's completely okay to make bitcoins through the forum as long as you're not getting scammed or scamming anybody.Being a freelance programmer here,if I spend most of the time on projects I got through bitcointalk,I can easily make my living working from home rather than "getting a real job". What you say is correct, but many did not know of bitcoin before the massive increase in price. The people who are treating it like a quick scheme were definitely not those early adopters. You are actually practising a skill as a programmer, Bitcoin and bitcoin forums are just additional ways for you to capitalize on a a real job. "A freelance programmer working from home for btc" is included in my categorization of "a real job" as Bitcoin is only a payment method in your case. |
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Yeh an' these niggas be racist too. Y'all'll have mo' sympathy for a strugglin' sista when you forced ta walk tha street wit' a 30 pound sack'a kitty litta strapped to yo back. Y'all din't even mention tha scammas here neither. They be zlittherin' all o'er the place round these parts. The spam ain't even tha haff of it!
Call befo' you come so I kin shame my cho-cha.
What language is that ? Seems like Half English ,Half Garbage. It's niggrish OP, this forum mirrors the typical internet society, just like any other forum. There are trolls, people who post drunk or on drugs, antisocial basement dwellers... and there are those who want to help and explain stuff to others. You can find a lot of useful advice on this forum, so don't be discouraged. You just have to learn to weed out and ignore. Yes I understand we are on the Internet. But I think it's a special group of people that Bitcoin attracts because they think it's some get rich quick scheme and not just money... Thousands of posts on how do I make x btc per day; the answer is get a fucking job then buy Bitcoin. |
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It's really not that bad. You can turn off signatures in your settings. And if there were no idiots, no one would have time to talk on the forum.
It's not the signatures themselves, it's the mindless drivel that is posted because of a post-count driven system. I'm aware of DannyHamilton's list and it's great, but god damn this forum has gone to shit. |
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Between the sig campaign spam and the idiots I just want to leave and never come back. It's really disappointing
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It actually looks legit. The youtube video is descriptive, Brian has a solid LinkedIn profile and established businesses.
He's charging 14btc ($85k at post time) for 6-8 1hr and after-sales service included. Looks like he legitimately wants to become a mentor.
Personally, I wouldn't give this info away for $100k. I also wouldn't pay $85k for it. Don't take his crap about $1000 per day, you'll probably be more like $100 or less per day for a long time.
Bottom Line: It's probably too expensive for you to see any profits in the first year, but I don't blame him for charging that much.
14btc isn't $85k at any given time, no one cares if he is legit or not people only care in results and I tell you that there is no $1000 a day or $100 for that matter without the risk of losing all you've got. I wouldn't pay any one even a penny instead I can learn for myself lol. He's teaching you how to create and run a bitcoin trading business. There is absolutely $1000 a day available, but you will not achieve that market penetration immediately. It's possible to learn this yourself but he's offering a comprehensive course with continued help, the value on that is much higher than "a penny". This forum is full of idiots and sig campaign spammers, I can understand why he wouldn't bother actually advertising here. Maybe it is martingale type trading system or some high leverage large drawdown?I am sending pm and interested in this.Thank you.
Hilarious, this is exactly what I'm talking about... idiots. |
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It actually looks legit. The youtube video is descriptive, Brian has a solid LinkedIn profile and established businesses.
He's charging 14btc per student ($8.5k at youtube video recording time) for 6-8 1hr and after-sales service included. Looks like he legitimately wants to become a mentor.
Personally, I wouldn't give this info away for $100k. I also wouldn't pay $8.5k for it. Don't take his crap about $1000 per day, you'll probably be more like $100 or less per day for a long time.
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The idea is kinda similar to firstbits (if you haven't seen, look it up - it's pretty neat), but the CRC part is a clear advantage. Firstbits pretty much died off and I think it happened because of errors in calculating firstbit addresses by a popular service (blockchain.info) which resulted in some loss of funds.
However, I suppose the fact that you have to get a transaction in the blockchain before you can use an address, as well as the implied mandatory address reuse, could be a killer
Firstbits looks like an interesting idea. This format fixes most of the problems, but even with a checksum I think the two problems you mentioned here are a killer. |
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