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Author Topic: 🔶 YOLOdice.com 🔶 FAST, rakeback, jackpots - play and win BTC LTC ETH  (Read 82104 times)
ethan_nx
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September 04, 2017, 09:59:33 AM
 #1561

Hello Ethan, unless I'm misunderstanding something, I think investors are not getting a pretty good deal when investing in Yolodice.
It says that profits are taxes 35% in both of the following cases:
- On Sunday evening (on any profit accrued)
- When the investment is closed.

So let's say my investment generates a profit of 0.5BTC for the week and leave the investment open. 0.175BTC will be taken as tax on Sunday evening leaving me with a remaining profit of 0.325BTC.
Now lets say next week some wagerers get lucky and my investment loses 0.5BTC. My investment is now in the red -0.175BTC. I don't get taxed. Fine.
The following week the investment ends up 0.5BTC in the green. My investment is now worth (-0.175 + 0.5 = 0.325BTC) 0.325 again, however now since I made 0.325, that get's taxed 35% leaving me with 0.21125.

So what actually happened was (week 1) +0.5BTC (week 2) 0 BTC (week 3) +0.5BTC
And my investment becomes (week 1) 0.325BTC (week 2) -0.175 BTC (week 3) 0.21125.
The owner takes 57% of the profits making it impossible for me to profit.

Ethan, you say taxes are only taken from amounts not already taxed, but what if the amount taxed is lost and then remade, do you tax it again?
Please clarify that above, I really don't know why you need to take tax off every week. It would make much more sense to me to take the tax off ONLY when the investment is closed..

When commission is taken on the investment, you can see if you click on the investment with the rest of the details what profit the commission was taken up to. So in your example, when you get commission taken the first time, your investment will have a label on it saying that commission was taken up to 0.325 profit. Then, when you lose 0.5 BTC and then get 0.5 BTC back in your example, you still end up at 0.325 BTC net profit, and no more commission is taken because you have not passed your "marker" for commission which is still at that point.

Say then your investment grows another 0.5 BTC up to 0.825 BTC profit and then Sunday rolls around and commission is taken again, it would only be taken on the part that has not yet been commissioned, the profit between 0.325 and 0.825 BTC. 0.175 BTC would be taken in commission and your investment would then be 0.65 BTC and the "marker" for commission would then also move up to 0.65 BTC.

You can see that when you've made 1 BTC net profit before commission, it's still 35% even if your investment falls in the meantime.


Hi, I am back from my holiday trip and I am back for good.

Regarding the investments, the principle is pretty easy: the investment profit is taxed only once. We don't take commission from the same profit twice. So if your investment starts with 2 BTC value and ends with 3 BTC value, and it's not higher than 3 BTC on Sundays when we run global commission, it doesn't matter what happens in between. We'll only take the commission from the profit, i.e. from 1 BTC.


Cheers,
Ethan

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September 04, 2017, 01:04:29 PM
 #1562

YOLOdice just started their newest competition!  Come win some prizes!!

https://bitcointalk.org/index.php?topic=2149289.0

ethan_nx
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September 04, 2017, 01:13:14 PM
 #1563


YES, starting today YOLOdice fully supports Segwit!

Here's what it means in details:

1. Everyone just got a new Segwit (P2SH-P2WPKH) deposit address (that starts with 3...). Old addresses are and will be working too!
2. Most of our Hot Wallet funds will be moved to Segwit addresses.
3. Hopefully this opens a way for cheaper withdrawals and saves us from bloated mempool issues.

Cheers,
Ethan

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September 04, 2017, 03:10:31 PM
 #1564

YES, starting today YOLOdice fully supports Segwit!

Here's what it means in details:

1. Everyone just got a new Segwit (P2SH-P2WPKH) deposit address (that starts with 3...). Old addresses are and will be working too!
2. Most of our Hot Wallet funds will be moved to Segwit addresses.
3. Hopefully this opens a way for cheaper withdrawals and saves us from bloated mempool issues.

Cheers,
Ethan

Awesome!

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September 04, 2017, 07:39:06 PM
 #1565

Thank you Ethan and RBG for the clarification regarding investmen
One suggestion I really hope you take on board is to allow those who have invested in the site (like me) to be able to retrieve the faucets and 'rain' that's offered. After all, part of the profits from the investments are used to pay for this stuff., there's no reason to disadvantage investors, and occasionally i'd like to get the small amount of coins to play around with betting.
I know you say players will abuse this but the easiest way around this is to introduce a small divest fee that say, is removed should the investment me opened longer than x number of days. That would stop the abuse and I'm sure investors would be happy with that.

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RGBKey
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September 04, 2017, 09:08:13 PM
 #1566

Thank you Ethan and RBG for the clarification regarding investmen
One suggestion I really hope you take on board is to allow those who have invested in the site (like me) to be able to retrieve the faucets and 'rain' that's offered. After all, part of the profits from the investments are used to pay for this stuff., there's no reason to disadvantage investors, and occasionally i'd like to get the small amount of coins to play around with betting.
I know you say players will abuse this but the easiest way around this is to introduce a small divest fee that say, is removed should the investment me opened longer than x number of days. That would stop the abuse and I'm sure investors would be happy with that.
Investors can already get the rain

abaidudez
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September 05, 2017, 08:08:39 AM
 #1567

Its cool. I'm fresh on this site. Let me enjoy it.

ethan_nx
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September 05, 2017, 09:33:11 AM
 #1568

Thank you Ethan and RBG for the clarification regarding investmen
One suggestion I really hope you take on board is to allow those who have invested in the site (like me) to be able to retrieve the faucets and 'rain' that's offered. After all, part of the profits from the investments are used to pay for this stuff., there's no reason to disadvantage investors, and occasionally i'd like to get the small amount of coins to play around with betting.
I know you say players will abuse this but the easiest way around this is to introduce a small divest fee that say, is removed should the investment me opened longer than x number of days. That would stop the abuse and I'm sure investors would be happy with that.
Investors can already get the rain

Indeed. Investors can participate in Chat games (run by our bot HAL), but I don't want to make investments more complex by adding extra restrictions.

One thing you can do is to have one account for investing and another one to play. I know this is incovinient, but right now it's the only way.

Cheers,
Ethan

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September 05, 2017, 05:22:04 PM
 #1569

Ethan, a small change I would appreciate is a couple modals would be a little smoother if they auto focused the text input box, the one that comes to mind is the tip dialog with 2FA enabled. (Just a QoL change because sometimes there's only a few seconds left on the OTP when I pull out the app and then I fumble around and misclick trying to hit the input box). (Basically I'm saying I'm clumsy).

Also, I'm not sure if it's intentional but the color is slightly different on the user's own name when being mentioned than when shown when the user types in a command (#ff0000 in the mention vs #e83900 in the command)

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September 06, 2017, 09:34:55 PM
 #1570

Why am I paying 0.0007 BTC fee for withdraws if my txs are being sent with a 0.00026 BTC fee?

EDIT: Also, I got my module working again. https://www.npmjs.com/package/yolodice-api | https://github.com/RGBKey/yolodice-api

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September 06, 2017, 10:54:03 PM
 #1571

Why am I paying 0.0007 BTC fee for withdraws if my txs are being sent with a 0.00026 BTC fee?

EDIT: Also, I got my module working again. https://www.npmjs.com/package/yolodice-api | https://github.com/RGBKey/yolodice-api

Probably because some withdraws use more inputs and therefore need a larger fee. It should all balance out in the end, as I don't think ethan's intention is to make profit from withdraws. It could also be because they switched to segwit addresses which have a smaller transaction size inside blocks compared to traditional addresses, and YOLOdice hasn't adjusted the fee that is charged to players yet.

Your withdraw is probably 1 input -> 2 outputs, and some might be 10 inputs -> 2 outputs.

ethan_nx
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September 07, 2017, 11:53:55 AM
 #1572

Why am I paying 0.0007 BTC fee for withdraws if my txs are being sent with a 0.00026 BTC fee?

EDIT: Also, I got my module working again. https://www.npmjs.com/package/yolodice-api | https://github.com/RGBKey/yolodice-api

Probably because some withdraws use more inputs and therefore need a larger fee. It should all balance out in the end, as I don't think ethan's intention is to make profit from withdraws. It could also be because they switched to segwit addresses which have a smaller transaction size inside blocks compared to traditional addresses, and YOLOdice hasn't adjusted the fee that is charged to players yet.

Your withdraw is probably 1 input -> 2 outputs, and some might be 10 inputs -> 2 outputs.

Indeed, our flat withdrawal fee the average what we pay as a network fee. Occasional there are transaction that spend 10 inputs or more. Not to mention, when the mempool is full, the network fee jumps significantly. We've seen transactions with over 0.01 in fees, we still charged the user only 0.0007 flat fee.

However, if the average network fee drops (I hope it does), we'll lower the fee. That's what we did in the past too.

Cheers,
Ethan

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September 07, 2017, 11:57:23 AM
 #1573

ethan_nx: Kindly request to response to my PM.

ethan_nx
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September 07, 2017, 01:42:24 PM
 #1574

Ethan, a small change I would appreciate is a couple modals would be a little smoother if they auto focused the text input box, the one that comes to mind is the tip dialog with 2FA enabled. (Just a QoL change because sometimes there's only a few seconds left on the OTP when I pull out the app and then I fumble around and misclick trying to hit the input box). (Basically I'm saying I'm clumsy).

This has been annoying me for a long time, I am glad it was not only me. I have fixed this as follows:
* when 2FA field is the only form element in the popup, it gets focus automatically
* 2FA fields should react to Enter key presses when they have focus

I have improved several popups to have this behavior, if I missed some, let me know!

Also, I'm not sure if it's intentional but the color is slightly different on the user's own name when being mentioned than when shown when the user types in a command (#ff0000 in the mention vs #e83900 in the command)

It's intentional, but I am not sure if it makes much sense :-/

Cheers,
Ethan

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September 08, 2017, 03:06:29 AM
 #1575

I've made a small command line program leveraging my Node.js API wrapper. You can download it here. Please note that you must have Node.js installed to use it.

1. Download and extract the files into their own directory.
2. In the text editor of your choice, edit app.js and edit the text near the top that says YOUR_API_KEY and replace it with your bitcoin private key from the API. If you haven't made an API key yet, you can do this under your account settings.
3. Open up a command prompt/terminal in that directory and run
Code:
npm install
4. When you're ready to run it, run
Code:
node app

Here's what it looks like:



Basically it only makes bets and can read your investments back to you, but it could gain more functionality in the future if there is demand.

Cheers

ethan_nx
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September 08, 2017, 12:59:36 PM
 #1576

I've made a small command line program leveraging my Node.js API wrapper. You can download it here. Please note that you must have Node.js installed to use it.

1. Download and extract the files into their own directory.
2. In the text editor of your choice, edit app.js and edit the text near the top that says YOUR_API_KEY and replace it with your bitcoin private key from the API. If you haven't made an API key yet, you can do this under your account settings.
3. Open up a command prompt/terminal in that directory and run
Code:
npm install
4. When you're ready to run it, run
Code:
node app

Here's what it looks like:



Basically it only makes bets and can read your investments back to you, but it could gain more functionality in the future if there is demand.

Cheers

Nice!

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September 09, 2017, 12:15:13 PM
 #1577

Only 48 hours remain to place your bets for our wagering competition!

https://bitcointalk.org/index.php?topic=2149289.msg21501139#msg21501139

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September 10, 2017, 05:31:42 AM
 #1578

Could one reccommend an android bot for yolodice?


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September 10, 2017, 12:14:32 PM
 #1579

Could one reccommend an android bot for yolodice?

As far as I know, there is no any Android application for the yolodice.

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September 11, 2017, 11:47:47 AM
 #1580

Could one reccommend an android bot for yolodice?

What do you mean? Do they even have a mobile apps? I believe they have a good bot which is really fast on pc, and to make it on android version, there is none exist. So if you want to do things about their bot, try on their pc mode, it is really fast and without stopping as far as I ever used it

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