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Author Topic: Re: 🔶 YOLOdice.com 🔶 suspending on 1st March 2021 :-(  (Read 141490 times)
Eureka_07
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February 22, 2021, 01:29:42 PM
 #4341

<snip>
I respect Dooglus for closing JD and switching from BTC to CLAM - it was a sort of solution to keep the game rolling, but detach the value of the tokens from BTC.

YOLOdice might actually come back in the future (that's why I am reluctant to sell it), but in a different form.

Cheers,
Ethan

PS. If you really want to buy YOLOdice, please spare me some nerves and don't offer 1 BTC for it :-)
I'm curious, when you come back (if ever), will you run YOLOdice as how you run it. About the currency that is using, do you consider also changing or accept bets using other cryptocurrencies like CLAM?
If you happen to made your come back, I'll be wanting to invest some to the bankroll.
If it happen that someone bought the site, I hope it's on good hands.

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snipie
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February 22, 2021, 02:18:53 PM
 #4342

I have to admin that what you are saying is highly inspiring to me. The decision about suspending is final, so that did not change my mind, but damn, [/b]YOU GUYS ARE GREAT[/b].

I am getting tons of emails from "potential buyers" about YOLOdice, and let's make it clear: our intention is NOT to sell it. Especially not for 1 BTC, as offered by one of such "buyers".

As you noted earlier, there is a matter of reputation - the new owner would basically have to start building his reputation from ground, and there is a pretty long way from that to accepting investments.

On the other hand I strongly believe that what makes YOLOdice reputable is 1. people that run it, 2. people that support it, 3. people that use it. There is a huge value in the package (1+2+3), not necessarily in the separate pieces.

Suspending YOLOdice is not THE end. It's the end of something, but come on - there are less and less people who want to deposit coins if transaction fees are over $10, and coins themselves are increasing in value even if you don't gamble them.

I respect Dooglus for closing JD and switching from BTC to CLAM - it was a sort of solution to keep the game rolling, but detach the value of the tokens from BTC.

YOLOdice might actually come back in the future (that's why I am reluctant to sell it), but in a different form.

Cheers,
Ethan

PS. If you really want to buy YOLOdice, please spare me some nerves and don't offer 1 BTC for it :-)
1 BTC for YOLOdice! That would be a nice post in r/choosingbeggars Tongue

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February 22, 2021, 02:51:27 PM
 #4343

IMO, if you said reluctant to sell Yolodice to other people, it would be great if you never give a little hope for them to tell them pm/email you their offer since you will decline it.
Or atleast tell them how much mininum amount you want to accept so they won't spam your email with their offers (if you changed your mind and would sell Yolodice)

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ethan_nx
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February 22, 2021, 03:43:20 PM
Last edit: February 22, 2021, 09:07:37 PM by ethan_nx
 #4344

IMO, if you said reluctant to sell Yolodice to other people, it would be great if you never give a little hope for them to tell them pm/email you their offer since you will decline it.
Or atleast tell them how much mininum amount you want to accept so they won't spam your email with their offers (if you changed your mind and would sell Yolodice)

Here's my thinking: YOLOdice is not for sale. Definitely not to a random unknown buyer. I can image a few scenarios in which I would consider selling YOLOdice, but I don't think it would be an easy process. As you can imagine, it's not just about the money.

Since people are withdrawing I can hear a lot of complains about withdrawal fees. It's been something I've been fighting with since day 1. BitcoinCore fee estimations suck in a big way - for some reason the developers have chosen the worst possible way to do it, based on historical data and not the current state of mempool. I've been trying to use external services (btc.com) for fees, but this ended pretty badly because their API was very unstable. Since I am not fanatic about improving BTC I did not want to dig into the actual BC code and fix it, so we have to live with that for a few more days :-/

Edit: replaced "fanatic" with "not fanatic". sorry about the confusion.

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February 22, 2021, 04:52:18 PM
 #4345

Why are you guys whining about YD's investment scheme? It is true that over a long timeline the house always wins but sometimes there is a thing called variance that allow people to be lucky and that can smash any house edge that is in place.
Any investment comes with some risks and I would say that is true especially with these kind of risks.


Because many of the investors in LTC bankroll are in a loss since August last year. I don't know if you're familiar with the events of that period.

Our LTC bankroll took a serious hit last week but it's getting up again. It might take a while, but hey - investing is long-time, right?
<cut>

Many believed that eventually losing funds would be recovered, but now there is no time because the website is shutting down.
I was not aware of that, thanks for mentioning it. This does not change what I wrote because that is clearly part of an investment like that: when the variance hit can hit really bad. Of course, not having the actual time for the investment to re-gain from the loss is ugly but that is how it is.
There are no free beers around here  Wink


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February 22, 2021, 05:12:24 PM
 #4346

I was only a recent member on Yolodice, but it is always sad news when reputable sites suspend/close down. After luckyb.it this is already the 2nd casino in a short amount of time that ceases operations.

Good luck with your future adventure!

This hurts when you see the good sites goes down for whatever reasons. The one of the trusted and running form long and also being associated with it for couple of year now, just feel like a part of family member is going away from home for some untold time and do not know when will be back, if it comes back. Had never faced any issues in the campaign or on their site. Had really an amazing and helpful Mods who are always ready to help and go that extra mile to solve your problem. Also, not to forget the great friends on the chat and some crazy times being spend talking to them. Will be missing it.

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February 22, 2021, 06:36:08 PM
 #4347

It is worth saying that I did not connect with this casino as a frequent player, but I like his words in the extended sense that  have far from the simple sad fact of closing the site, and although there are as always its aspects in the positive or negative sense of the opinions, it is good to be able to finish a project with good reflections, although the "win chance" of tastes does not reach everyone equally.

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February 22, 2021, 07:00:15 PM
 #4348

While I wasn't an active part of YOLOdice's community I still followed you guys pretty closely and I'm really sad to see you go.

Thank you for keeping the site running the way you did, you've been some of the most reliable crypto-casinos operators out there. Kudos!




.
.
.

1,000 DOGE for YOLOdice, last offer!

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February 22, 2021, 08:00:40 PM
Last edit: February 22, 2021, 08:15:36 PM by BayAreaCoins
 #4349

<snip>
I respect Dooglus for closing JD and switching from BTC to CLAM - it was a sort of solution to keep the game rolling, but detach the value of the tokens from BTC.

YOLOdice might actually come back in the future (that's why I am reluctant to sell it), but in a different form.

Cheers,
Ethan

PS. If you really want to buy YOLOdice, please spare me some nerves and don't offer 1 BTC for it :-)
I'm curious, when you come back (if ever), will you run YOLOdice as how you run it. About the currency that is using, do you consider also changing or accept bets using other cryptocurrencies like CLAM?
If you happen to made your come back, I'll be wanting to invest some to the bankroll.
If it happen that someone bought the site, I hope it's on good hands.

CLAM is a lot less stressful than Bitcorn.

<3

I'm glad y'all are closing in such a classy way.  Congrats and gg!


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February 22, 2021, 08:17:35 PM
 #4350

IMO, if you said reluctant to sell Yolodice to other people, it would be great if you never give a little hope for them to tell them pm/email you their offer since you will decline it.
Or atleast tell them how much mininum amount you want to accept so they won't spam your email with their offers (if you changed your mind and would sell Yolodice)

Here's my thinking: YOLOdice is not for sale. Definitely not to a random unknown buyer. I can image a few scenarios in which I would consider selling YOLOdice, but I don't think it would be an easy process. As you can imagine, it's not just about the money.

Since people are withdrawing I can hear a lot of complains about withdrawal fees. It's been something I've been fighting with since day 1. BitcoinCore fee estimations suck in a big way - for some reason the developers have chosen the worst possible way to do it, based on historical data and not the current state of mempool. I've been trying to use external services (btc.com) for fees, but this ended pretty badly because their API was very unstable. Since I am fanatic about improving BTC I did not want to dig into the actual BC code and fix it, so we have to live with that for a few more days :-/

You're one of the first people I've seen say this publicly and I FULLY agree.

Bitcoin Core fee estimator is like trying to drive on Sunday using Friday's vision... so stupid.

On FreeBitcoins.com, we look at the current blockchain and then put the transactions 0.75MB deep in the chain or the max we spend the max fee.

It works a fuckton better than the Core estimator.


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February 22, 2021, 08:32:48 PM
 #4351

Here's my thinking: YOLOdice is not for sale. Definitely not to a random unknown buyer. I can image a few scenarios in which I would consider selling YOLOdice, but I don't think it would be an easy process. As you can imagine, it's not just about the money.

Feeling bad about the site and while goodbyes are never good, we must say it some day, so today is the day. And I agree that selling it to some unknown buyer may have hazardous effects both, to your reputation as well as the site's name if that buyer's intentions are not good or if they are not professional enough to handle the site the way you did. It has many emotions attached, so selling it will not be good for the business and I hope you will make it even better and present us with something that is unavailable in the gambling industry right now. Smiley


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February 22, 2021, 09:24:01 PM
 #4352

Here's my thinking: YOLOdice is not for sale. Definitely not to a random unknown buyer. I can image a few scenarios in which I would consider selling YOLOdice, but I don't think it would be an easy process. As you can imagine, it's not just about the money.

Feeling bad about the site and while goodbyes are never good, we must say it some day, so today is the day. And I agree that selling it to some unknown buyer may have hazardous effects both, to your reputation as well as the site's name if that buyer's intentions are not good or if they are not professional enough to handle the site the way you did. It has many emotions attached, so selling it will not be good for the business and I hope you will make it even better and present us with something that is unavailable in the gambling industry right now. Smiley
Exactly, unless if the buyer was had a business here and also a reputable one, the long-time running gambling site. I guess it is considerable in that case.

I just now heard a gambling site was closing but the reputation remained valuable, I truly salute you Ethan, and your partner on this business. I guess you have other business outside in the crypto world. Hopefully, one of these days you and your partner will change your mind and reoperate this site again.

Farewell to you.

.
.Duelbits.
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February 22, 2021, 09:50:31 PM
 #4353

IMO, if you said reluctant to sell Yolodice to other people, it would be great if you never give a little hope for them to tell them pm/email you their offer since you will decline it.
Or atleast tell them how much mininum amount you want to accept so they won't spam your email with their offers (if you changed your mind and would sell Yolodice)

Here's my thinking: YOLOdice is not for sale. Definitely not to a random unknown buyer. I can image a few scenarios in which I would consider selling YOLOdice, but I don't think it would be an easy process. As you can imagine, it's not just about the money.


Great stand for this salute for having that mindset in you "it's not just about the money" sounds really good to us since reputation really matter the most.

Good luck for new future plans since I know you will be back for sure you are cooking something big here.

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February 22, 2021, 10:14:20 PM
 #4354

Exactly, unless if the buyer was had a business here and also a reputable one, the long-time running gambling site. I guess it is considerable in that case.

I just now heard a gambling site was closing but the reputation remained valuable, I truly salute you Ethan, and your partner on this business. I guess you have other business outside in the crypto world. Hopefully, one of these days you and your partner will change your mind and reoperate this site again.

Farewell to you.

I think that even if any buyer has respectable business, then also, as Ethan said, they must not sell their business to anybody. It took ages for many people to develop such big businesses and yolodice has got enough reputation built already which may not be sold to any other guy because a business run by a good person should only be his, or should me winded up.


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February 22, 2021, 11:05:25 PM
 #4355

I think that even if any buyer has respectable business, then also, as Ethan said, they must not sell their business to anybody. It took ages for many people to develop such big businesses and yolodice has got enough reputation built already which may not be sold to any other guy because a business run by a good person should only be his, or should me winded up.
Yeah, he has mentioned it. What I'm thinking is that he just want to see what people can offer for the acquisition of yolodice. And if ever there's an interesting offer and it's hard to decline, he might consider it.

But as he said, it's not for sale. Well, enjoy your holidays Ethan and whatever plans you've got in the future, good luck.

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February 23, 2021, 07:26:52 AM
Merited by DarkStar_ (10)
 #4356

I have to admin that what you are saying is highly inspiring to me. The decision about suspending is final, so that did not change my mind, but damn, [/b]YOU GUYS ARE GREAT[/b].

I am getting tons of emails from "potential buyers" about YOLOdice, and let's make it clear: our intention is NOT to sell it. Especially not for 1 BTC, as offered by one of such "buyers".

As you noted earlier, there is a matter of reputation - the new owner would basically have to start building his reputation from ground, and there is a pretty long way from that to accepting investments.

On the other hand I strongly believe that what makes YOLOdice reputable is 1. people that run it, 2. people that support it, 3. people that use it. There is a huge value in the package (1+2+3), not necessarily in the separate pieces.

Suspending YOLOdice is not THE end. It's the end of something, but come on - there are less and less people who want to deposit coins if transaction fees are over $10, and coins themselves are increasing in value even if you don't gamble them.

I respect Dooglus for closing JD and switching from BTC to CLAM - it was a sort of solution to keep the game rolling, but detach the value of the tokens from BTC.

YOLOdice might actually come back in the future (that's why I am reluctant to sell it), but in a different form.

Cheers,
Ethan

PS. If you really want to buy YOLOdice, please spare me some nerves and don't offer 1 BTC for it :-)

Selling for a decent price is going to be extremely complicated because the new buyer is unlikely to have your reputation, which means that they would expect people wagering less and therefore wouldn't be able to offer something attractive to you. I really like being an investor (even if LTC went very bad), but I wouldn't buy the casino because I wouldn't know how to run it nor have your reputation.

It's up to you but I think the optimal solution would be to keep the business but delegate everything or almost everything, so you don't have to spend time on it but you still make some decent money passively.

Just based on Dicesites.com, assuming you weren't providing any bankroll (I will assume that's also the case for Ethreum for simplicity), your expected revenue was 0.5% of what was wagered. Let's use 1-year numbers to have an idea of how much is this.

- BTC: 8175 wagered, 40.875 expected revenue
- Litecoin: 959,381 wagered, 4,796.905 expected revenue
- Dogecoin: 5,187,780,657 wagered, 25,938,903.285 expected revenue
- Ethereum: 136544 wagered, 682.72

To have a better idea of how much was the actual expected revenue we would need to convert those currencies to USD day by day, but I think it's evident that the revenue was huge. I don't know how much are your expenses in terms of cashback and other promotions and some salaries, but I doubt this business can't be run profitably.

If what you don't like is having to take care of too much capital from other people, you could implement something similar to what Bustabit is doing, so that you highly encourage people to divest if there's too much bankroll.

Also consider that if you think you may want to run the business again in the future, it would be much better to keep it running, even if you implement measures to lower bankrolls, as getting traction again in the future would be very costly.

Don't kill the golden goose...
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February 23, 2021, 08:27:58 AM
 #4357

I was trying to win some money again on yolodice and reading this in the chat was quite a thing. I loved this dice site so much, both for its simplicity and for its uniqueness. Only 4 coins, good support, great promos for long-timers etc...
I hope somebody would put some real money on the line and get YOLOdice up and running after March 1st.

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February 23, 2021, 12:14:04 PM
 #4358

Obviously this is going to be a sad affair to see yolodice go, but maybe that is the best for the team, it has been getting to a point where it was harder to control something this huge, we are talking about tens of millions of dollars in their responsibility and honestly I wouldn't want that neither. Do not think about just how much was there in the investment, do not think how much people gambled neither, think about how much money was in the wallets of yolodice total, all of it combined, that would be a huge amount and would literally cause people to lose sleep over security of it.

One bad hack and it would all be gone in a second. I think Ethan and the team made a great decision to postpone something like this, it really does ease their minds, and I am sure when the time comes and they are fully gone, it will definitely be a much more relaxed future for them as well. PS: Ethan if you come back with an idea, try to not take this much responsibility because it is really too stressful Cheesy.


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February 23, 2021, 03:31:25 PM
 #4359

Very bad news on hearing the closing down of yolodice why are most gambling sites closing down is it due to lecience of bad business turn over. I hate to see reputable platform closing down.

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February 23, 2021, 07:23:06 PM
Last edit: February 23, 2021, 07:36:04 PM by whore-ray
 #4360


Here's my thinking: YOLOdice is not for sale. Definitely not to a random unknown buyer. I can image a few scenarios in which I would consider selling YOLOdice, but I don't think it would be an easy process. As you can imagine, it's not just about the money.

Since people are withdrawing I can hear a lot of complains about withdrawal fees. It's been something I've been fighting with since day 1. BitcoinCore fee estimations suck in a big way - for some reason the developers have chosen the worst possible way to do it, based on historical data and not the current state of mempool. I've been trying to use external services (btc.com) for fees, but this ended pretty badly because their API was very unstable. Since I am not fanatic about improving BTC I did not want to dig into the actual BC code and fix it, so we have to live with that for a few more days :-/

Edit: replaced "fanatic" with "not fanatic". sorry about the confusion.

Here i wonder, is "one" of the reasons you want to suspend the site, the constant complaints / problems, with the high bitcoincoin core fees ?

if yes, why not abandon btc and continue the site with altcoins (ltc, doge, etc). from what i heard just-dice went this way and was successful with it by now (even though clam drops into the cellar, but thats more a coin problem, since it has no say in the cryptosphere).

greetings, whore-ray

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