🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021

[Timetwister]

1. Yep, there will be XP from investing, I know how to do this! The difference between the previous investment XP will be that now most likely XP will be added at the moment you open an investment and will be proportional to the value of the investment. Once an investment is closed, the XP from that investment will disappear. So investment XP will be proportional to the coins you have invested.

Just when we invest or as we generate investment fees for the casino (I think that makes more sense)?

[1715273961]

1715273961

[1715273961]

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[Timetwister]

as for the dilution fee, i think it is good but there needs to be a change on investments. since there is no more margin, you should simply have an investment balance for each coin. the reason is because of people like me. i may have 1 btc today to invest and then next week get paid so now i can toss in another 0.2 btc, and so on. with a maximum of 10 investments total i either have to build up balances and invest or keep paying the dilution fee every time i want to increase my position (withdraw one of the investments and then invest that + new amount, paying dilution fee even on my previous investment). or it just forces me to invest the 10 times and not invest any further

instead, we should just have a balance for btc, for example, and be able to increase/decrease that as needed. this way we only pay the dilution on the new investments instead of repaying it on all old funds every time we increase

That's true, there should be some way to prevent that, like increasing the number of possible investments or whatever is technically possible and efficient.

[YOLO_LIFE]

As far as I can see one account can have 20 open investments. so if someone decides to have more than 20 investments they can simply create a brand new account and invest. or open four accounts for each coin (so I guess it's not a big deal)



its good to see YD has raised 75 BTC investments already, more than half-million USD

[suchada]

Hi, rakeback looks interesting, can i open several accounts and let them run on vps?


 

[YOLO_LIFE]

Hi, rakeback looks interesting, can i open several accounts and let them run on vps?


 

yeah, users can create and play with as many accounts as they want. but only one account for chatting


And rake back starts from level 7.

level 7 = 1% Rakeback (which means the user will receive 0.0001 coins for every one coin they wager)  as user-level up Rakeback % will be increased by 1%.

level 8 = 2% rakeback..

 

and it will go up to 30%.

[leea-1334]

Just when we invest or as we generate investment fees for the casino (I think that makes more sense)?

This was what I thought it would be like too,,, since this rewards a guy who has invested 1 BTC for 12 months and generated fees, more than the guy who comes in with 100 BTC to gain XP for levels and then divest when he does not need the XP? Anyway, happy with the results so far, what about you guys?

[justdimin]

as for the dilution fee, i think it is good but there needs to be a change on investments. since there is no more margin, you should simply have an investment balance for each coin. the reason is because of people like me. i may have 1 btc today to invest and then next week get paid so now i can toss in another 0.2 btc, and so on. with a maximum of 10 investments total i either have to build up balances and invest or keep paying the dilution fee every time i want to increase my position (withdraw one of the investments and then invest that + new amount, paying dilution fee even on my previous investment). or it just forces me to invest the 10 times and not invest any further

instead, we should just have a balance for btc, for example, and be able to increase/decrease that as needed. this way we only pay the dilution on the new investments instead of repaying it on all old funds every time we increase

I don't really mind the dilution fee as long as I made a profit when I am withdrawing, maybe that could be implemented? I am not a coder so I don't know if its even possible but assuming people create so many things with coding, I am sure it could be tinkered with as well. If a person invested lets say 100 eth, and he has 97 eth right now and he wants to withdraw, do not ask for a fee, that would be a kick in the balls and they have already lost it instead of the casino paying from their pockets so investor should be reward by no fee at all.

However if he has like 104+ eth, that means he made a profit and he could contribute a bit and you can ask for a fee there. I know you think just the house edge part that is left to you could be enough but fee does help out a lot when you combine all of them together.

[Timetwister]

as for the dilution fee, i think it is good but there needs to be a change on investments. since there is no more margin, you should simply have an investment balance for each coin. the reason is because of people like me. i may have 1 btc today to invest and then next week get paid so now i can toss in another 0.2 btc, and so on. with a maximum of 10 investments total i either have to build up balances and invest or keep paying the dilution fee every time i want to increase my position (withdraw one of the investments and then invest that + new amount, paying dilution fee even on my previous investment). or it just forces me to invest the 10 times and not invest any further

instead, we should just have a balance for btc, for example, and be able to increase/decrease that as needed. this way we only pay the dilution on the new investments instead of repaying it on all old funds every time we increase

I don't really mind the dilution fee as long as I made a profit when I am withdrawing, maybe that could be implemented? I am not a coder so I don't know if its even possible but assuming people create so many things with coding, I am sure it could be tinkered with as well. If a person invested lets say 100 eth, and he has 97 eth right now and he wants to withdraw, do not ask for a fee, that would be a kick in the balls and they have already lost it instead of the casino paying from their pockets so investor should be reward by no fee at all.

However if he has like 104+ eth, that means he made a profit and he could contribute a bit and you can ask for a fee there. I know you think just the house edge part that is left to you could be enough but fee does help out a lot when you combine all of them together.

That would involve giving those 3 ETH back. Where would they come from? I don't like that idea nor see it realistic.

[ethan_nx]

OK, so the dilution fee and limited number of investments is a problem indeed, I was planning to solve it by allowing investors to merge individual investments. Or how about this: if you close one 1 BTC investment and one 0.2 BTC investment, you could open a 1.2 BTC investment without the dilution fee?

Anyway, we are postponing enabling dilution fees till next Fri, 24th April. I don't want to enable a half-baked mechanism. We'll be pushing some other changes meanwhile.

Next week we'll re-enable XP from referrals and XP from investments. XP from referrals will work exactly as it was before. XP from investments will most likely be from active investments only, proportional to the amount invested. So the moment you invest you level-up instantly.

More details next week!

Cheers,
Ethan

[arisatox]

OK, so the dilution fee and limited number of investments is a problem indeed, I was planning to solve it by allowing investors to merge individual investments. Or how about this: if you close one 1 BTC investment and one 0.2 BTC investment, you could open a 1.2 BTC investment without the dilution fee?

Anyway, we are postponing enabling dilution fees till next Fri, 24th April. I don't want to enable a half-baked mechanism. We'll be pushing some other changes meanwhile.

Next week we'll re-enable XP from referrals and XP from investments. XP from referrals will work exactly as it was before. XP from investments will most likely be from active investments only, proportional to the amount invested. So the moment you invest you level-up instantly.

More details next week!

Cheers,
Ethan

the best way is to allow merging investments. to make it even better allow users to take out just what they need as well. like if someone has 100 btc invested and they need 1 btc for something, allow for divesting just the 1 btc instead of having to close the whole thing and reopen with a fee

how xp used to work is also better than being based on current invest because it used to reward people who invested longer. if someone invests 100 btc today the new system would give them the same benefit as the person who did it months ago. the old system also helped smaller guys since the xp built up over time instead of just staying stagnant

[rawdog11]

as for the dilution fee, i think it is good but there needs to be a change on investments. since there is no more margin, you should simply have an investment balance for each coin. the reason is because of people like me. i may have 1 btc today to invest and then next week get paid so now i can toss in another 0.2 btc, and so on. with a maximum of 10 investments total i either have to build up balances and invest or keep paying the dilution fee every time i want to increase my position (withdraw one of the investments and then invest that + new amount, paying dilution fee even on my previous investment). or it just forces me to invest the 10 times and not invest any further

instead, we should just have a balance for btc, for example, and be able to increase/decrease that as needed. this way we only pay the dilution on the new investments instead of repaying it on all old funds every time we increase

I don't really mind the dilution fee as long as I made a profit when I am withdrawing, maybe that could be implemented? I am not a coder so I don't know if its even possible but assuming people create so many things with coding, I am sure it could be tinkered with as well. If a person invested lets say 100 eth, and he has 97 eth right now and he wants to withdraw, do not ask for a fee, that would be a kick in the balls and they have already lost it instead of the casino paying from their pockets so investor should be reward by no fee at all.

However if he has like 104+ eth, that means he made a profit and he could contribute a bit and you can ask for a fee there. I know you think just the house edge part that is left to you could be enough but fee does help out a lot when you combine all of them together.

The dilution fee comes off at the beginning. so in your scenario if the investment is 100 ETH then 2% of that is taken to the bankroll, leaving the investor with 98 ETH and spreading 2 ETH out to everyone invested. From that point the investors gains/losses are only affected by the commission. There isn't any additional fee when you withdraw.

[Timetwister]

OK, so the dilution fee and limited number of investments is a problem indeed, I was planning to solve it by allowing investors to merge individual investments. Or how about this: if you close one 1 BTC investment and one 0.2 BTC investment, you could open a 1.2 BTC investment without the dilution fee?

If one of the goals was to prevent people from divesting temporarily, the system you proposed wouldn't discourage divestments.

[Timetwister]

how xp used to work is also better than being based on current invest because it used to reward people who invested longer. if someone invests 100 btc today the new system would give them the same benefit as the person who did it months ago. the old system also helped smaller guys since the xp built up over time instead of just staying stagnant

+1, I think the amount of XP given to investors should be based on how much they pay in fees (which is 50% of what is wagered*their investment/total bankroll).

[arisatox]

OK, so the dilution fee and limited number of investments is a problem indeed, I was planning to solve it by allowing investors to merge individual investments. Or how about this: if you close one 1 BTC investment and one 0.2 BTC investment, you could open a 1.2 BTC investment without the dilution fee?

If one of the goals was to prevent people from divesting temporarily, the system you proposed wouldn't discourage divestments.

the one i proposed would though:

allow pools for each coin, you can add or remove from your investment pool and you pay investment fee like normal. for example

invest 1 btc and pay 0.02 fee
divest 0.5 btc
invest 0.5 btc and pay 0.01 fee
divest 0.003 btc

pretty much just run it like every other site does, where you can add or remove any amounts you want instead of having to close the entire position and then just keep paying investment fees on every invest. its easy and straight to the point

[suchada]

Hi, rakeback looks interesting, can i open several accounts and let them run on vps?


 

yeah, users can create and play with as many accounts as they want. but only one account for chatting


And rake back starts from level 7.

level 7 = 1% Rakeback (which means the user will receive 0.0001 coins for every one coin they wager)  as user-level up Rakeback % will be increased by 1%.

level 8 = 2% rakeback..

 

and it will go up to 30%.

ETHAN-NX can you comfirm this pls?

[s0lidus]

From your FAQ:




So, if a player wagers 1000 LTC and loses 5 LTC during that session, the house gets 5 LTC (50% of house edge of the wagered amount) and investors get nothing, right?

And if a player wagers 1000 LTC and wins 5 LTC, the house gets 5 LTC (50% of house edge from wagered amount) and investors lose 10 LTC: 5 LTC to the winning player and 5 LTC to the commission?

[wozzek23]

I doubt that investors would really care about it when considering almost all of the investors who divest their investment and take it out literally take it out, and not to withdraw it complete. What could happen is, you could allow people to invest and divest just parts of their money, which means if a person has 1 bitcoin investment, they could divest only half of it if they want and not withdraw it completely and reinvest the half, that is the smart way to do it and probably many prefer that method anyway.

However if you want to invest even more you should be able to invest into on top of the current one as well, that is the right way to do as well. Hell I think you should also be capable of exchanging the currency you are investing as well, so lets say you have 1 btc invested but want to move to ETH, you should be able to do it without paying any fee at all.

[ralle14]

So, if a player wagers 1000 LTC and loses 5 LTC during that session, the house gets 5 LTC (50% of house edge of the wagered amount) and investors get nothing, right?

And if a player wagers 1000 LTC and wins 5 LTC, the house gets 5 LTC (50% of house edge from wagered amount) and investors lose 10 LTC: 5 LTC to the winning player and 5 LTC to the commission?

Correct, regardless of the outcome the house now always takes a certain commission based on the total amount wagered.

Hell I think you should also be capable of exchanging the currency you are investing as well, so lets say you have 1 btc invested but want to move to ETH, you should be able to do it without paying any fee at all.

Exchanging the funds of investors with no fee could be possible if they offer rates lower than most exchanges but I doubt this feature is necessary unless a lot of their investors asked for it.

[arisatox]

So, if a player wagers 1000 LTC and loses 5 LTC during that session, the house gets 5 LTC (50% of house edge of the wagered amount) and investors get nothing, right?

And if a player wagers 1000 LTC and wins 5 LTC, the house gets 5 LTC (50% of house edge from wagered amount) and investors lose 10 LTC: 5 LTC to the winning player and 5 LTC to the commission?

Correct, regardless of the outcome the house now always takes a certain commission based on the total amount wagered.

Hell I think you should also be capable of exchanging the currency you are investing as well, so lets say you have 1 btc invested but want to move to ETH, you should be able to do it without paying any fee at all.

Exchanging the funds of investors with no fee could be possible if they offer rates lower than most exchanges but I doubt this feature is necessary unless a lot of their investors asked for it.

i would like it if they could even exchange at the same rate as most exchanges instead of how a lot of casinos try to take 5-10% in fees

[joksim299]

So, if a player wagers 1000 LTC and loses 5 LTC during that session, the house gets 5 LTC (50% of house edge of the wagered amount) and investors get nothing, right?

And if a player wagers 1000 LTC and wins 5 LTC, the house gets 5 LTC (50% of house edge from wagered amount) and investors lose 10 LTC: 5 LTC to the winning player and 5 LTC to the commission?

Correct, regardless of the outcome the house now always takes a certain commission based on the total amount wagered.

Hell I think you should also be capable of exchanging the currency you are investing as well, so lets say you have 1 btc invested but want to move to ETH, you should be able to do it without paying any fee at all.

Exchanging the funds of investors with no fee could be possible if they offer rates lower than most exchanges but I doubt this feature is necessary unless a lot of their investors asked for it.

i would like it if they could even exchange at the same rate as most exchanges instead of how a lot of casinos try to take 5-10% in fees

They have to have high commission to prevent users from arbitrage.