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Author Topic: Re: 🔶 YOLOdice.com 🔶 - over 50 ETH prizes in the new Wagering Competition!  (Read 110696 times)
dooglus
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March 28, 2018, 02:34:13 PM
 #2181

The contests don't pay investors anything. All losses that happen during the contest go back to the players.
Not really the winnings prizes are sometimes lesser than how much the user lost the prizes just reduce their loss , it is very rare for a person to win the prize and even get a profit out of it

Re-read the rules. The prize pool is greater than or equal to the amount the house wins during the week.

If some players make a net loss it is because others made a net win. The investors make nothing from the contest.

Here's how it is written on the site:

    "everything that players lose goes to the prize pool"

    "The guaranteed prize pool is 10 ETH. HOWEVER if site profit is larger than 10 ETH at the end of the competition, we'll update the prize pool to match that profit!"

The house also pays referral fees and rakeback on bets, so they take a loss too. Only the players profit from the contest.

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RGBKey
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March 28, 2018, 03:11:30 PM
 #2182

Just made a cheap fast withdraw to a bech32 address. Thanks for adding this Ethan, I like to see yolo staying on top of the technology.
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March 28, 2018, 04:43:19 PM
 #2183

If you want to read how we implemented ETH on YOLOdice, take a look at my post on Reddit:
https://www.reddit.com/r/ethereum/comments/87r7gz/just_implemented_eth_depositswithdrawal_on_our/

TL;DR: Working with ETH is not for faint-hearted and merchants/services have some real problems accepting ETH if they don't want to use 3rd party services. But it can be done, quite reliably and without paying enormous gas costs for contracts.

Cheers,
Ethan

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March 28, 2018, 04:47:25 PM
 #2184

Just made a cheap fast withdraw to a bech32 address. Thanks for adding this Ethan, I like to see yolo staying on top of the technology.

I am actually thinking about using bech32 as change addresses. This should theoretically result in a bit smaller transaction sizes. I am still not sure about compatitbility with older wallets - would it confuse any service/wallet that accepts incoming transactions?

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March 28, 2018, 05:44:58 PM
 #2185

I am actually thinking about using bech32 as change addresses. This should theoretically result in a bit smaller transaction sizes. I am still not sure about compatitbility with older wallets - would it confuse any service/wallet that accepts incoming transactions?

I've not had any problem using bech32 as change addresses.

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March 28, 2018, 07:09:30 PM
 #2186

Just made a cheap fast withdraw to a bech32 address. Thanks for adding this Ethan, I like to see yolo staying on top of the technology.

I am actually thinking about using bech32 as change addresses. This should theoretically result in a bit smaller transaction sizes. I am still not sure about compatitbility with older wallets - would it confuse any service/wallet that accepts incoming transactions?


Wallets only care about which outputs are theirs to spend, it doesn't matter what inputs they came from. So it doesn't matter if your input is from a legacy address(1.....), np2wkh(3......), p2wkh(bc1.....). Bitcoin transactions consume UTXOs and produce new ones.

In short, no. Users withdrawing funds to their legacy/older wallets would have no problems recognizing transactions created by spending native segwit inputs.

Additionally, you'll save 23 bytes per input when consuming native segwit (p2wkh/bc1...) inputs versus nested segwit inputs, which can result in a significant savings in fees over time.

EDIT: They might however have trouble displaying a "from" address however, as an older wallet wouldn't know how to display it (in bech32 format). I'm not sure if this would cause any problems, and it would be per-wallet.
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March 29, 2018, 01:55:57 AM
 #2187

Admin,
I've wrote you 4-6 emails
I've wrote you pm yesterday
But my problem is still there
I think it is a time to solve it Smiley
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March 29, 2018, 02:10:23 AM
 #2188

Additionally Ethan, I was meaning to ask how yolo stores/displays ETH values. Are values stored in wei, or are they stored to the 8th decimal place like Bitcoin/Litecoin? I'm having some small issues parsing and displaying ETH values because I was assuming the values were in wei
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March 29, 2018, 02:45:47 AM
 #2189

Admin,
I've wrote you 4-6 emails
I've wrote you pm yesterday
But my problem is still there
I think it is a time to solve it Smiley
Contrary to popular belief, spamming a support email will likely annoy whoever might try to help you and persuade them to place their attention elsewhere.  Be patient like everyone else.  Ethan is running basically a one man show between programming new stuff for the site, maintaining what we have and ensuring everything with the ETH launch is running smoothly, and handling support requests.

Most support requests are handled within 24 hours, as long as you provide any pertinent information, unless Ethan is out of town (which he's not at the moment).

EDIT: However, I will forward your query to Ethan to make sure he sees it when he wakes up (~6-10 hours from now).

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March 29, 2018, 03:24:09 AM
 #2190

I am still not sure about compatitbility with older wallets - would it confuse any service/wallet that accepts incoming transactions?

It's fine. There will be some minor issues with some wallets/services not seeing them until they confirm (as from their point of view, they're non-standard), but not really a big deal at all as soon as it confirms it'll show up
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March 29, 2018, 10:21:16 AM
 #2191

I am still not sure about compatitbility with older wallets - would it confuse any service/wallet that accepts incoming transactions?

It's fine. There will be some minor issues with some wallets/services not seeing them until they confirm (as from their point of view, they're non-standard), but not really a big deal at all as soon as it confirms it'll show up

I think I'll keep using p2sh-segwit as change addresses for a while. Thanks for info!

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March 29, 2018, 09:49:50 PM
 #2192


The competition is getting interesting! https://yolodice.local/#bonus

Cheers and good luck,
Ethan

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March 29, 2018, 10:36:37 PM
 #2193


The competition is getting interesting! https://yolodice.local/#bonus

Cheers and good luck,
Ethan

Yes it's pretty crazy at how little 24 ETH is at the moment.

Just a couple months ago that would of been worth over $33K. You could of bought a new german luxury car for that much money.

And today that's only like $9000. Can't even buy a Kia for that much.


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March 29, 2018, 10:49:28 PM
 #2194


The competition is getting interesting! https://yolodice.local/#bonus

Cheers and good luck,
Ethan

Very nice competition you have there  Smiley
Very cool site.
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March 30, 2018, 05:47:31 AM
 #2195

Its been just a little more than 48 hours since eth competition starts and it's already a big sucess.
Check this out:


Lets see where we reach when the competition ends. Cheesy
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March 30, 2018, 07:28:38 AM
 #2196

218 ETH looks quite a lot though. Wow.

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March 30, 2018, 09:33:41 AM
 #2197

218 ETH looks quite a lot though. Wow.
Woah 225 ethereum profit that's also a lot what is happening is all this stats even real i don't think anyone even imagined something like this would happen i think you should start working on implementing more coins

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March 30, 2018, 09:59:07 AM
 #2198


The competition is getting interesting! https://yolodice.local/#bonus

Cheers and good luck,
Ethan
So.. are you using simple hosts file or something fancy like dnsmasq?

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March 30, 2018, 10:55:35 AM
 #2199

Wait, how is the prize is distributed on the leaderboard?

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March 30, 2018, 11:04:50 AM
Merited by iluvbitcoins (1)
 #2200

Wait, how is the prize is distributed on the leaderboard?


https://yolodice.com/#bonus

You can simply calculate it by using the numbers from the guaranteed prize pool
of 10 ETH.

E.g. the 1st place (currently occupied by the illustrious dooglus himself) gets 40 %
of the total prize pool, the 2nd place gets 20 % of the total prize pool, the 3rd place
gets 10 % of the total prize pool...

@ethan_nx
Thank you for the full integration of bech32 support (I was one of the users, who requested
this change a few weeks ago)! It is great that you were able to complete the integration this fast
in spite of working on other stuff like support for ETH.
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