Dice Investing

[OrientA]

I think justdice, as it is a long-standing gambling website. The only problem is that they use an alt-coin called "clams". These are sometimes considered scam-coins as a few people own the majority of these.

Why do not they use other coins? One reason could be that they are supporter of Clam and Clam is a PoS coin. When user deposit Clams there, Justdice will earn interest with the coins.

[1714982210]

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[1714982210]

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[ranochigo]

I think justdice, as it is a long-standing gambling website. The only problem is that they use an alt-coin called "clams". These are sometimes considered scam-coins as a few people own the majority of these.

Why do not they use other coins? One reason could be that they are supporter of Clam and Clam is a PoS coin. When user deposit Clams there, Justdice will earn interest with the coins.

AFAIK, justdice was closed due to the fear of regulations on the casino. Clams is an altcoin and is hard to convert to cash hence they used it. Even though they control a huge portion of the available coin, the system distributes the staked coin among the investors and justdice do not directly get profit from it.

[Buziss]

I think justdice, as it is a long-standing gambling website. The only problem is that they use an alt-coin called "clams". These are sometimes considered scam-coins as a few people own the majority of these.

Why do not they use other coins? One reason could be that they are supporter of Clam and Clam is a PoS coin. When user deposit Clams there, Justdice will earn interest with the coins.

AFAIK, justdice was closed due to the fear of regulations on the casino. Clams is an altcoin and is hard to convert to cash hence they used it. Even though they control a huge portion of the available coin, the system distributes the staked coin among the investors and justdice do not directly get profit from it.

Regarding the very last past, it is not really true. From the FAQs (https://just-dice.com/#a27), 10% commission is charged on staking rewards before they are shared out.

[Supercrypt]

I think justdice, as it is a long-standing gambling website. The only problem is that they use an alt-coin called "clams". These are sometimes considered scam-coins as a few people own the majority of these.

Why do not they use other coins? One reason could be that they are supporter of Clam and Clam is a PoS coin. When user deposit Clams there, Justdice will earn interest with the coins.

Clam is the most held coin in crypt-currency history. Fairly distributed.
Like this many people now a days prefer alt coins to make dice gaming or any other gambling just not willing to risk their bitcoin. This will not letting out bitcoin from gambling industry.

[Eastwind]

I think justdice, as it is a long-standing gambling website. The only problem is that they use an alt-coin called "clams". These are sometimes considered scam-coins as a few people own the majority of these.

Why do not they use other coins? One reason could be that they are supporter of Clam and Clam is a PoS coin. When user deposit Clams there, Justdice will earn interest with the coins.

Clam is the most held coin in crypt-currency history. Fairly distributed.
Like this many people now a days prefer alt coins to make dice gaming or any other gambling just not willing to risk their bitcoin. This will not letting out bitcoin from gambling industry.

Do you mean Clam has most users? I thought bitcoin or Doge, litecoin have more users. Do you think the site owner have some connections to the Clam community?

[ranochigo]

I think justdice, as it is a long-standing gambling website. The only problem is that they use an alt-coin called "clams". These are sometimes considered scam-coins as a few people own the majority of these.

Why do not they use other coins? One reason could be that they are supporter of Clam and Clam is a PoS coin. When user deposit Clams there, Justdice will earn interest with the coins.

Clam is the most held coin in crypt-currency history. Fairly distributed.
Like this many people now a days prefer alt coins to make dice gaming or any other gambling just not willing to risk their bitcoin. This will not letting out bitcoin from gambling industry.

Do you mean Clam has most users? I thought bitcoin or Doge, litecoin have more users. Do you think the site owner have some connections to the Clam community?

Doolgus has previously addressed his intentions.

Why didn't dooglus pick a currency that already has a market and added on some exchanges? This one looks so thin particularly for a site like just-dice and most of the coins are property of owners who didn't know they had it (found some CLAMS in an old wallet that had balance in 24 may, Plenty of just-dice people found they had hundreds of CLAMS too). Also I doubt investors who had thousands of BTC in just-dice would convert their bitcoins to some random alt-currency and put it in there.

I don't want thousands of BTC on JD. It's too much responsibility looking after them. Switching to a "worthless" toy coin should drastically reduce the amount of value I have to take care of.

And

I think the whole point of adding CLAM was that it is almost free, and they wanted to use testnet coins.
Still waiting on dooglus to comment on the launch, and about any future plans.

You got it. The site has been sitting idle for long enough. Almost everyone got their BTC back already, so it's time to move on. I don't want to see people winning and losing fortunes, so this should keep things more sensible.

With CLAM I'll also feel more comfortable adding experimental features. Switching from BTC to CLAM should take some of the pressure off me.

The main reason for closure of Bitcoin version of JD was the regulations implemented.

[yanka50]

I have never heard of CLAMS before I got familiar with JD, but I don't use them.

[kostya.ash]

Why primedice not open a place for investment?
I am sure a lot of people will invest on them

[ajun96]

where I can see the list of gambling sites, where can I invest on there
i need review about it ?

[ranochigo]

Why primedice not open a place for investment?
I am sure a lot of people will invest on them

Stunna did not feel comfortable with people investing in them and their bankroll is great enough. They probably can't bear the responsibility of investments.

where I can see the list of gambling sites, where can I invest on there
i need review about it ?

Dicesites.com is a good one, providing a comprehensive overview of the stats.

[Shinpako09]

Why not make your own dice site hire a person to do a site for you i think its better a choice if you have a decent amount of bitcoin rather than ivesting into other dice site.

[ranochigo]

Why not make your own dice site hire a person to do a site for you i think its better a choice if you have a decent amount of bitcoin rather than ivesting into other dice site.

Making a dice site is not as easy as you think. The user would need to create a custom back and front end with great features to attract users. It isn't easy to manage the advertising and the support of the dice site either. As a start, you need to have at least 1000 BTC for people to be interested to try out your dice site. You're responsible to take care of the security management too.

[yanka50]

It is not easy to manage dice website, you need to pay for design, hosting, security, advertising and more...

[Joel_Jantsen]

I think justdice, as it is a long-standing gambling website. The only problem is that they use an alt-coin called "clams". These are sometimes considered scam-coins as a few people own the majority of these.

Why do not they use other coins? One reason could be that they are supporter of Clam and Clam is a PoS coin. When user deposit Clams there, Justdice will earn interest with the coins.

Clam is the most held coin in crypt-currency history. Fairly distributed.
Like this many people now a days prefer alt coins to make dice gaming or any other gambling just not willing to risk their bitcoin. This will not letting out bitcoin from gambling industry.

Do you mean Clam has most users? I thought bitcoin or Doge, litecoin have more users. Do you think the site owner have some connections to the Clam community?

Comparatively altcoins or bitcoins have more users to my knowledge but never knew Clam has more users until i discovered this post.This changes the entire investing scene for everybody then .Because most of the people believe investing in altcoins is most profitable at the moment but Clam? I need to rethink my strategies.

[patt0]

Where do you think is the best place to invest in dice website? Into new and unknown website with small bankroll or in trusted but with huge bankroll website?

Well there is always the risk of a scam so I think the trusted website would be the better approach. But I do see the appealing in using a small bank in a new website, since they will probably try to increase their player base with very good and aggressive promotions that could be very rewarding.

[leex1528]

I strongly advise against investing in a gambling site.  It depends on how many coins you have but personally anything could happen, it is a slightly better way to gamble your coins this way then any other. 

[adaseb]

I strongly advise against investing in a gambling site.  It depends on how many coins you have but personally anything could happen, it is a slightly better way to gamble your coins this way then any other. 

Its actually pretty safe. And in the long run you can make a decent income. Much better than the interest you earn by holding your BTC at Bitfinex for swap. But you need to choose a website that's not a scam and shows a public balance wallet.

[apriyani420]

justdice is the best dice for investing in my opinion as they most likely not to turn to a scam and steal all your money though it is just my opinion

[Shinpako09]

Why not make your own dice site hire a person to do a site for you i think its better a choice if you have a decent amount of bitcoin rather than ivesting into other dice site.

Making a dice site is not as easy as you think. The user would need to create a custom back and front end with great features to attract users. It isn't easy to manage the advertising and the support of the dice site either. As a start, you need to have at least 1000 BTC for people to be interested to try out your dice site. You're responsible to take care of the security management too.

of course i know that its hard. Just like what i've said IF you have a decent amount you can pay others convert your some btc to pay them. For ME thats the best thing to do.

[sana9821]

if i were you i wouldnt invest in any dice websites as at any time they might turn to a scam and runaway with all your money