Prcdice closed the investment feature

[Buziss]

So from what I heard, dean is planning to reduce the investment slowly on prc, to make the site private funded.
(by himself)
Prcdice is currently the biggest bitcoin dice investing site, so I am curious what will happen...

Well, there are just a few alternatives I am aware of: JD, Bitdice, Safedice, Moneypot, Dadice, SD.
Either the investors choose to stop investing in other sites, or the 4200 btc invested on PRC will move into the above sites.

[1715067847]

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[1715067847]

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[nikona]

charges on the wagered amount 0.1% on other sites

other sites usually takes 10 % comission of the profit

Yes , other sites take 10% of the profits but that also equates to 0.1% of the wagered if it ever happened in that way. 0.25% is equivalent to taking more than 10% of the profits at times.

[arallmuus]

other sites usually takes 10 % comission of the profit

-snip- (but he's taking it risk-free on wagered, which is way better than only taking it on house profits)

Theoretically they are but Im just merely correcting nikona's statement as the other sites are not merely taking 0.1 % of the wagered amount but 10 % of the profit as commission. Most of the other sites dont take risk-free profit so There's abit difference in it and that makes it not the same therefore I corrected it . Anyway what Dean uses is still better than some site that even take cut of their faucet / promotions from the net profit

Yes , other sites take 10% of the profits but that also equates to 0.1% of the wagered

Theoretically the same but not the same mechanism , as per stated taking from the wagered amount is kinda like risk-free

0.25% is equivalent to taking more than 10% of the profits at times.

equivalent to 25 % of the profit

[ndnh]

charges on the wagered amount 0.1% on other sites

other sites usually takes 10 % comission of the profit

These two are theoretically the same if you look at this from an infinite time range. (super long term)   In the short term, there will definitely be differences between these two methods.

Another way to look at it is that Dean currently taking 25% of profit.  (but he's taking it risk-free on wagered, which is way better than only taking it on house profits)

But taking 0.25% of wagered is certainly not the same as taking 25% of profit.

Essentially, it nullifies the risk of the owner, and dumps that on the investors. That is, if someone wins big, the owner still gets his portion but from the investors.

[arallmuus]

But taking 0.25% of wagered is certainly not the same as taking 25% of profit.

Essentially, it nullifies the risk of the owner, and dumps that on the investors. That is, if someone wins big, the owner still gets his portion but from the investors.

Well he made a good point assuming you are seeing it from a "very long term" because in the end the profit of the site will be just as big as the house edge ( this is theoretically ) so it is correct to assume it is the same however it is not literally the same thing
I would assume that Dean has big stash of investment as well in PRC so using this method will allow him to get more assuming that some high roller wager alot and lost .

The same difference that about "fee" and "house edge" . Those are theoretically the same although it is a slight difference that collecting fee from the winning amount is only for a PvP game thus this means getting risk-free profit from the player instead of house edge for a player vs house game which isnt risk-free at all

[PocketRocketsCasino]

Hi, just seen this thread.

I understand the concerns and the questions here.

I have already explained many times why I am making these changes but will post again.

PRC is by far the most trusted Bitcoin dice site. Even though people could rightfully argue that Primedice is the fact is Stunna does not hold on to 5k Bitcoin of other peoples funds. I think that says a lot of how much trust the commity has in PRC.

There's always been people saying I would run with the money once it hits a certain amount. I guess that says a lot more about those people making these claims than it does me.

I have run PRC for over 2 years. Working every single day.

I could have run with the funds at any time.

A few days ago investment was higher than it is now. I disabled the investment button so no new investment could come in and no one could top up their current investment. If you divest now you will not be able to reinvest.

That would be odd behaviour for someone wanting to run with as much money as possible.

Also I stated that at the end of this week 10% of the current investment will be automatically divested and added to the users balance and they can cashout.

That's 477 Bitcoin that will leave the site that I could also have run with.

I will most likely then be removing 10% each week to further reduce the investment and eventually there will be a point where I am the only person funding the site. If PRC does not sell in this time. See this thread for details https://bitcointalk.org/index.php?topic=1043483.0

As quoted by allarmus from the main PRC thread here are some of the reasons for these changes:

There's a few reasons I limited the investment:
1) I don't want to hold on to 5k Bitcoin of other peoples money, as mentioned before.
2) I want PRC to bankroll 100% and have no investors but I think it's best to do it in smaller steps so as not to have drastic changes.
3) The biggest concern for potential buyers is "Will the site be as popular without investment", I can get data on that if I bankroll myself.

PRC has NOT been sold.
I would NEVER (and I've had offers) sell the site and leave the investors money in. That was well documented in the sale ad on the other thread.

If I was attempting an exit scam or anything malicious then these changes would not be happening and number 1 would be stupid to do.

The current setup is profitable for me and is risk free. There is no decline in PRC. The wagered and profit is increasing massively, far more than any other Bitcoin dice site. Despite what waterpile claims. Funny all these claims come from people who don't actually check facts/data.

However. I would rather risk my own funds instead of others. I would prefer to have far less invested in PRC that is my own funds than be responsible for $1 million of other peoples money.

Number 3 is part experiment. I have had a few good offers for the sale of PRC. People do keep trying to offer a lower price than what it is worth by using the claim that they think it won't be as successful without investors. I want to show that it would be by bankrolling myself.
That's a huge risk. The site could lose all traffic and then it wouldn't be worth much to a buyer let alone give me any profit.
That's a risk I am prepared to take.

Some offers have asked if they can keep the investment feature. If for some reason a buyer did enable this then that's their choice but there's absolutely no way that current investment funds would change over to a new owner.

As for investing in other sites.
It's obvious that a lot of the funds will move. I don't see that as a threat or a concern to the continued success of PRC.
I do urge anyone considering such a move to really do your research.
PRC has the most invested for a reason.
I could not vouch for any other BTC dice site. That does not mean they are not legit or safe though.
I predicted the last 3 large dice site scams before they happened and many poker sites too.


If this doesn't prove just how trustworthy PRC (me) is then there's no hope for anyone on this forum
Feel free to make your judgement after the current investors withdraw their 5k.


EDIT:
A few other points.
Yes PRC has effectively higher commission than other sites, 25% of profit long term, it also generates far more profit for investors than other sites and also the profit is 20% over the expected value meaning I personally have made far less than I should have.

Having no investors means I don't have to explain every large bet or winning player. Though it's usually trolls that post these accusations but still.

The site will still be provably fair when I bankroll it alone and so there's definitely still no cheating going on like some people think could happen.
Use logic here for a minute ok?
I could run now with 5k Bitcoin or
I could cheat a couple of Bitcoin off of a player when he bets against my own bankroll and risk no one ever playing again?

See how stupid these claims are?

[glenw]

Hi, just seen this thread.

I understand the concerns and the questions here.

I have already explained many times why I am making these changes but will post again.

PRC is by far the most trusted Bitcoin dice site. Even though people could rightfully argue that Primedice is the fact is Stunna does not hold on to 5k Bitcoin of other peoples funds. I think that says a lot of how much trust the commity has in PRC.

There's always been people saying I would run with the money once it hits a certain amount. I guess that says a lot more about those people making these claims than it does me.

I have run PRC for over 2 years. Working every single day.

I could have run with the funds at any time.

A few days ago investment was higher than it is now. I disabled the investment button so no new investment could come in and no one could top up their current investment. If you divest now you will not be able to reinvest.

That would be odd behaviour for someone wanting to run with as much money as possible.

Also I stated that at the end of this week 10% of the current investment will be automatically divested and added to the users balance and they can cashout.

That's 477 Bitcoin that will leave the site that I could also have run with.

I will most likely then be removing 10% each week to further reduce the investment and eventually there will be a point where I am the only person funding the site. If PRC does not sell in this time. See this thread for details https://bitcointalk.org/index.php?topic=1043483.0

As quoted by allarmus from the main PRC thread here are some of the reasons for these changes:

There's a few reasons I limited the investment:
1) I don't want to hold on to 5k Bitcoin of other peoples money, as mentioned before.
2) I want PRC to bankroll 100% and have no investors but I think it's best to do it in smaller steps so as not to have drastic changes.
3) The biggest concern for potential buyers is "Will the site be as popular without investment", I can get data on that if I bankroll myself.

PRC has NOT been sold.
I would NEVER (and I've had offers) sell the site and leave the investors money in. That was well documented in the sale ad on the other thread.

If I was attempting an exit scam or anything malicious then these changes would not be happening and number 1 would be stupid to do.

The current setup is profitable for me and is risk free. There is no decline in PRC. The wagered and profit is increasing massively, far more than any other Bitcoin dice site. Despite what waterpile claims. Funny all these claims come from people who don't actually check facts/data.

However. I would rather risk my own funds instead of others. I would prefer to have far less invested in PRC that is my own funds than be responsible for $1 million of other peoples money.

Number 3 is part experiment. I have had a few good offers for the sale of PRC. People do keep trying to offer a lower price than what it is worth by using the claim that they think it won't be as successful without investors. I want to show that it would be by bankrolling myself.
That's a huge risk. The site could lose all traffic and then it wouldn't be worth much to a buyer let alone give me any profit.
That's a risk I am prepared to take.

Some offers have asked if they can keep the investment feature. If for some reason a buyer did enable this then that's their choice but there's absolutely no way that current investment funds would change over to a new owner.

As for investing in other sites.
It's obvious that a lot of the funds will move. I don't see that as a threat or a concern to the continued success of PRC.
I do urge anyone considering such a move to really do your research.
PRC has the most invested for a reason.
I could not vouch for any other BTC dice site. That does not mean they are not legit or safe though.
I predicted the last 3 large dice site scams before they happened and many poker sites too.


If this doesn't prove just how trustworthy PRC (me) is then there's no hope for anyone on this forum
Feel free to make your judgement after the current investors withdraw their 5k.


EDIT:
A few other points.
Yes PRC has effectively higher commission than other sites, 25% of profit long term, it also generates far more profit for investors than other sites and also the profit is 20% over the expected value meaning I personally have made far less than I should have.

Having no investors means I don't have to explain every large bet or winning player. Though it's usually trolls that post these accusations but still.

The site will still be provably fair when I bankroll it alone and so there's definitely still no cheating going on like some people think could happen.
Use logic here for a minute ok?
I could run now with 5k Bitcoin or
I could cheat a couple of Bitcoin off of a player when he bets against my own bankroll and risk no one ever playing again?

See how stupid these claims are?

the funniest part is how in the entire thread is how no one accused you of cheating or scamming.

just quoting this, as your so adorable and can't delete it from your nazi thread

ah, how i miss btc jd, when we could invest in someone who wasn't autistic idiot

[cryptasm]

Hi, just seen this thread.

I understand the concerns and the questions here.

I have already explained many times why I am making these changes but will post again.

PRC is by far the most trusted Bitcoin dice site. Even though people could rightfully argue that Primedice is the fact is Stunna does not hold on to 5k Bitcoin of other peoples funds. I think that says a lot of how much trust the commity has in PRC.

There's always been people saying I would run with the money once it hits a certain amount. I guess that says a lot more about those people making these claims than it does me.

I have run PRC for over 2 years. Working every single day.

I could have run with the funds at any time.

A few days ago investment was higher than it is now. I disabled the investment button so no new investment could come in and no one could top up their current investment. If you divest now you will not be able to reinvest.

That would be odd behaviour for someone wanting to run with as much money as possible.

Also I stated that at the end of this week 10% of the current investment will be automatically divested and added to the users balance and they can cashout.

That's 477 Bitcoin that will leave the site that I could also have run with.

I will most likely then be removing 10% each week to further reduce the investment and eventually there will be a point where I am the only person funding the site. If PRC does not sell in this time. See this thread for details https://bitcointalk.org/index.php?topic=1043483.0

As quoted by allarmus from the main PRC thread here are some of the reasons for these changes:

There's a few reasons I limited the investment:
1) I don't want to hold on to 5k Bitcoin of other peoples money, as mentioned before.
2) I want PRC to bankroll 100% and have no investors but I think it's best to do it in smaller steps so as not to have drastic changes.
3) The biggest concern for potential buyers is "Will the site be as popular without investment", I can get data on that if I bankroll myself.

PRC has NOT been sold.
I would NEVER (and I've had offers) sell the site and leave the investors money in. That was well documented in the sale ad on the other thread.

If I was attempting an exit scam or anything malicious then these changes would not be happening and number 1 would be stupid to do.

The current setup is profitable for me and is risk free. There is no decline in PRC. The wagered and profit is increasing massively, far more than any other Bitcoin dice site. Despite what waterpile claims. Funny all these claims come from people who don't actually check facts/data.

However. I would rather risk my own funds instead of others. I would prefer to have far less invested in PRC that is my own funds than be responsible for $1 million of other peoples money.

Number 3 is part experiment. I have had a few good offers for the sale of PRC. People do keep trying to offer a lower price than what it is worth by using the claim that they think it won't be as successful without investors. I want to show that it would be by bankrolling myself.
That's a huge risk. The site could lose all traffic and then it wouldn't be worth much to a buyer let alone give me any profit.
That's a risk I am prepared to take.

Some offers have asked if they can keep the investment feature. If for some reason a buyer did enable this then that's their choice but there's absolutely no way that current investment funds would change over to a new owner.

As for investing in other sites.
It's obvious that a lot of the funds will move. I don't see that as a threat or a concern to the continued success of PRC.
I do urge anyone considering such a move to really do your research.
PRC has the most invested for a reason.
I could not vouch for any other BTC dice site. That does not mean they are not legit or safe though.
I predicted the last 3 large dice site scams before they happened and many poker sites too.


If this doesn't prove just how trustworthy PRC (me) is then there's no hope for anyone on this forum
Feel free to make your judgement after the current investors withdraw their 5k.


EDIT:
A few other points.
Yes PRC has effectively higher commission than other sites, 25% of profit long term, it also generates far more profit for investors than other sites and also the profit is 20% over the expected value meaning I personally have made far less than I should have.

Having no investors means I don't have to explain every large bet or winning player. Though it's usually trolls that post these accusations but still.

The site will still be provably fair when I bankroll it alone and so there's definitely still no cheating going on like some people think could happen.
Use logic here for a minute ok?
I could run now with 5k Bitcoin or
I could cheat a couple of Bitcoin off of a player when he bets against my own bankroll and risk no one ever playing again?

See how stupid these claims are?

You can try to put prc in the auction forum and see what ppl would bid=P

[marioantonini]

Every time i start an investment to a dice games, the site closes investments feature  And now where invest ? I like only btc investment

[vendetahome]

Every time i start an investment to a dice games, the site closes investments feature  And now where invest ? I like only btc investment

you shouldnt invest anywhere, the safest place for your bitcoins is your wallet, casinos can easily scam you or go bankrupt with all your money

[sherbyspark]

Every time i start an investment to a dice games, the site closes investments feature  And now where invest ? I like only btc investment

There are many alternates if you are considering. Moneypot / bitdice are a few of them. Would suggest moneypot as its a very popular option these days . You would still want to do your own research into how much you are willing to trust them for .

[galbros]

I think it is great that dean responded here and laid things out.  There was nothing in this thread about him running with the coins, but clearly he's been accused of that a lot in the past.

When dooglus ran BTC JD he said he had too much investment and considered going to .1% of wagered.  ndnhc is exactly right, that process shifts the risk from the owner to the investors.  While theoretically the same, the variance and risk is all on the investors.  I was glad dooglus reconsidered and didn't adopt that.

I think it's also key to note that if you are an investor, you have not been kicked out of PRC dice, rather your investment will be slowly reduced over time so dean can make the case that the site is still profitable without the investment feature to potential buyers.

I wish him luck with the sale.

Good luck!

[katerniko1]

well that is good of owner.
hes cashing out investitors bit by bit and by that way max profit will stay the same and all money lost there will go 100% to him
in this way he needs to split winnings with investitors so i would say why not
and there is enough other sites that allow you to invest in bankroll lets say like diggit,moneypot as heard soon and rollin etc.
regards.
-Katerniko1

[cryptasm]

well that is good of owner.
hes cashing out investitors bit by bit and by that way max profit will stay the same and all money lost there will go 100% to him
in this way he needs to split winnings with investitors so i would say why not
and there is enough other sites that allow you to invest in bankroll lets say like diggit,moneypot as heard soon and rollin etc.
regards.
-Katerniko1

do you mean the old moneypot or the invest wallet?

[katerniko1]

well that is good of owner.
hes cashing out investitors bit by bit and by that way max profit will stay the same and all money lost there will go 100% to him
in this way he needs to split winnings with investitors so i would say why not
and there is enough other sites that allow you to invest in bankroll lets say like diggit,moneypot as heard soon and rollin etc.
regards.
-Katerniko1

do you mean the old moneypot or the invest wallet?

well moneypot app you can invest in their global bankroll its great i tried it and went out positive
but its still a risk investing is gambling too
regards.
-Katerniko1

[Shogen]

you shouldnt invest anywhere, the safest place for your bitcoins is your wallet, casinos can easily scam you or go bankrupt with all your money

True that you will need to take some risk for investing in casinos' bankroll, but the reward could be pretty good. You should choose to invest in established sites to reduce the chance of a runner, and to invest in sites with solid security and bankroll management to reduce the chance of house loss.

[nyktalgia1]

dean is a fuckin shithead piece of shit, start winning my coin back and he changes min bet to 100 sats from 1 sat, I hope ppl stop playin there and wastin their money, dean is a fucking asshole, never liked him........ He just doesn't want me to win my coin back and then some, fuck you dean!

[nikona]

dean is a fuckin shithead piece of shit, start winning my coin back and he changes min bet to 100 sats from 1 sat, I hope ppl stop playin there and wastin their money, dean is a fucking asshole, never liked him........ He just doesn't want me to win my coin back and then some, fuck you dean!

What does 1 sat to 100 sats have to do with betting ? If you were martingaling, I doubt he would have a problem with allowing 1 sat on the site. Anyways its the investors winning or losing money , so it wouldn't make sense.

[Tstar]

I guess they made the algorithm unfair and removed the investors for them to profit ...
and maybe open it in some days after the people start complaining.

[nikona]

I guess they made the algorithm unfair and removed the investors for them to profit ...
and maybe open it in some days after the people start complaining.

They haven't removed investors have they ? And I don't think they would ever make the algorithm unfair. No one would play there if they did.