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Economy / Gambling / Re: bustabit – The original crash game
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on: October 10, 2019, 11:42:50 AM
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Can we please have a feature how much fee we paid in total and until what profit the fee is paid already?
Yeah, the bankroll's profit ATH will be shown on the stats page starting with the next patch this Sunday. You can already see the commission investors have paid on the same page. Subtract 1,004.44752087 BTC from that figure in case you're looking for the commission since the recent change. I am more interested in the fee I paid, not the fee paid in total. |
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Economy / Gambling / Re: bustabit – The original crash game
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on: October 01, 2019, 08:43:51 AM
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If I understand the new terms correctly the fee is also over 50% unless you withdraw from the bankroll at an all time high.
The commission is only charged on net profits, i.e. whenever the bankroll earns "new" profits above its all-time high. In fact a commission on profits is favorable for investors in this regard: You only pay a commission on the actual profits you have earned, whereas with the commission on wagers it was possible to have paid commission on expected profits that you never ended up earning. Well, I think you understood what I was trying to say very well. Lets say a customer loses 100 btc, you charge investors 0.5 btc. Now the customer wins 100 btc back. Result: customer is breakeven, investors lost 0.5 btc, you gained 0.5 btc. Yolodice had a similar system with with 15% and then 25% fee IIRC, but only took the fee once a week, which makes it much better for investors. |
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Economy / Gambling / Re: bustabit – The original crash game
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on: September 30, 2019, 10:41:08 AM
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In terms of absolute bankroll growth, I'm sure yours excels, but in terms of percentage growth, maybe not. bustabit remains a great investment, but for smaller fish looking for a growth opportunity, bustabit has become 50% less attractive.
Hmm, I don't think that's the way investors look at it -- or at least not how I do. When I look at a bankroll investment, I try calculate if I invest X ... what is my expected return? What is the expected variance? And how would I (roughly) quantify the counter-party risk (i.e. malicious or screw up sort of problems). --- So trying to do rough calculations against BaB, I'd eye-ball the average volume as 400 BTC/day, which would give investors (after commission) an expected 730 BTC per year. 1 BTC would buy you ~0.015279% of the bankroll, so an investment has a rough expected return of 11.15% a year? So it's considerably worse than yesterday (which was double that) and even less than when i originally invested (I was estimating 30-40% p.a. returns) but counter-party risk is the real thing that scares me (i.e. is the real reason I have only invested a small fraction of my bitcoin in the bankroll and not the whole thing). I also think all the smart investors appreciate the importance of diversification (especially in something ultra-high-risk like bitcoin-casino-bankrolling) so I imagine it's going to more just be an issue of changing how much they invest, as opposed to investing or not investing. The EV compared to other sites is now lower, and you're right in that it comes with a lot of added security, trust, and peace of mind. devans is risking little to nothing (he loses nothing when players win, but takes 50% of the profit when players lose). At this point in time, I think that trade-off is worth it. The returns may not be excellent (10% a month is not that far from less risky cryptocurreny lending sites) but it's worth the name that bustabit has made for itself. That being said, I don't think this will last long. I think as other casinos such as EtherCrash develop names for themselves and keep their EV attractive, investing in bustabit wouldn't remain the smartest idea. Another point to note is that investing in bustabit for most people has now become a lot less risky (judging by the percentage that the average investor will acquire and the recent monthly bankroll growth). That doesn't make it inherently bad, but it has started to fit a different investing profile, and not one usually associated the the risk of a casino bankroll. I personally am more of a risk taker, and when I invest in casino bankrolls, I look for moderate risks and a commensurate reward. I don't think this (albeit low-risk) investment is worth it if I get only half the reward (regardless of the safety aspect). Well said. As someone who has a decent % of the bankroll I am very disappointed. A also dislike that the changes were made immediately. I think users should have been given a heads up and time to decide if they wanna invest under the new terms or not. If I understand the new terms correctly the fee is also over 50% unless you withdraw from the bankroll at an all time high. I will analyse other casinos and see how high the EV is there. |
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Economy / Gambling / Re: BetKing.io is a blatant scam operated by Dean Nolan
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on: June 10, 2019, 09:41:52 AM
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Serial scammer Dean Nolan is doing what he always does to deflect attention away from the facts....
Just to be fair to Dean, while he's a scammer and a liar -- I'm not sure he's a "serial scammer". To the best of my knowledge he's only ever scammed people once with his ICO. (Granted: I'm sure he'd be happy to scam people again given the chance, now that he's name is in the trash. But we should probably wait until then before calling him a serial scammer)  He scammed ICO investors when he did not fulfil a whole list of the 2017 ICO promises He scammed ICO investors when he siphoned-off ICO funds for his own pockets He scammed the winners of the 2018 Christmas wager He scammed ICO investors when he created 10 billion EOS BKT tokens and kept 1 billion for himself He scammed ICO investors and all token holders when he announced BKB token holders need to swap over to BKT otherwise lose their tokens/investment He scammed ICO investors and all token holders when he claimed betking would buy back 10% of all tokens every quarter I can add more but that list should suffice to show serial activity rather than a one-off scam. In my book that makes Dean Nolan a serial scammer This is actually a very good list. By the way it is ridiculous that Dean brags about the token price, after scamming the ICO investors. Everyone know that the price of a token with a daily trading volume of ~600USD can be very easily manipulated. And there is another problem:  As you can see here, only 14.6% of the betmining token have been mined, before dean disabled betmining from one day to another. Only 3.5% of the token reserved for promotions have been given out. Only 22.5% of the token reserved for airdrops haven been given out. But you know which token have been given out 100%? The one reserved for the "team" aka Dean himself. Dean owned 70+% of all BKB token, and he owns a even higher % of all BKT. Right now he makes some money, because there is some betting volume. But there is literally no reason to play on this site compared to bustabit (much higher limits), stake or bitsler (higher limits, more and better games). At some point Dean will decide that he makes more money dumping his shitcoin on the market compared to hodling it and he will abandon the project and the token will be useless and worthless. |
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Economy / Gambling / Re: BetKing.io is a blatant scam operated by Dean Nolan
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on: June 07, 2019, 12:30:49 PM
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Also, if you invested 1 btc into the bankroll on feb 18th you would have made 10x more profit than on bustabit and way more than on any other dice site.
Please show us those numbers, I cannot imagine that to be true, but all data is public so it shouldn't be a problem for you to back up that claim. Exactly, the info is all public so you don't need to take my word. You can even compare on 3rd party sites like Dicesites.com https://dicesites.com/bustabithttps://dicesites.com/betkingokay so please go ahead and proof that "you would have made 10x more profit [on betking] than on bustabit" You made that claim, burden is on you my friend. |
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Economy / Gambling / Re: BetKing.io is a blatant scam operated by Dean Nolan
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on: June 07, 2019, 12:11:39 PM
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Also, if you invested 1 btc into the bankroll on feb 18th you would have made 10x more profit than on bustabit and way more than on any other dice site.
Please show us those numbers, I cannot imagine that to be true, but all data is public so it shouldn't be a problem for you to back up that claim. |
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Economy / Lending / Re: 🌟🌟🌟🌟✨ zazarb's Quick-Loans & Escrow 🌟🌟🌟🌟✨
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on: March 22, 2018, 01:41:44 PM
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Hey zazarb, i would like you to escrow a transaction for us
The deal will be:
Buyer: juzam1337
Seller: blastbob
Wanchain is being traded (WAN)
3600 WAN for 20 eth. 180 wan/eth
Buyer juzam1337 will pay for the escrow fee
confirmed |
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Economy / Gambling / Re: 🔶 YOLOdice.com 🔶 FAST play/invest- AUTUMN WAGERING COMPETITION
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on: November 22, 2017, 10:37:09 AM
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Ultimate guide to claiming your Bitcoin Gold from YOLOdice Yep, we are sending BTG to our users Every user that held any BTC balance over 0.0001 BTC on 24 Sep 2017 (when the BTG split occured) has been given extra BTG coins (1 BTC = 1 BTG). By "balance" I mean the Bitcoin balance and the value of investments. We don't support BTG in YOLOdice (you cannot play with it), but to be fair we can send them back to you. 1. Go to our chat: https://yolodice.com/#chat. 2. Type this to start a conversation with our bot HAL: 3. In a private conversation with HAL type this to check your BTG balance. If you have balance larger than the threshold of 0.0001 BTG, HAL will tell you what to do next. We send BTG manually (once a day) and HAL will give you a link where you can check if your withdrawal has been processed. As always, beware of scam sites that can steal your money - always be careful. Before you deposit your coins to a 3rd party, check it the service is credible. Deadline for claiming your BTG is 31 December 2017! It's a lot of time, but don't postpone it! That's all! Cheers and good luck! Ethan thanks, got my bitcoin gold quick and easy  much appreciated |
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