Just-Dice.com : now with added CLAMs : Play or Invest

[SebastianJu]

What amount of winning would NOT crash the market? I only ask because i occassionally use just-dice as a lottery replacement. With normal lotteries state will take around 50% of the investments as tax already. Only the rest is paid out.

Then what amount would not crash the market?

I guess to prevent that it would be the only solution to claim that the clams will be sold in an auction on bitcointalk. Even holding them at just-dice would crash the price since people would fear you still dump.

Hmm, what's something people who win big could do with their JD winnings? If only there were things to do other than JD to use CLAM...

Shall I lay it on thicker?

vvvvvvvvvv

Guess i don't get what you mean. In case you mean that a big winner should simply invest then i think this surely will not help against a market crash because everyone still would fear that these clams will be dropped.

My question was how to avoid the panic crash.

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[dooglus]

The site is down after suffering a hardware failure.

The coins in the wallets are safe.

I don't know right now how long it will take to get it back up. I'll post more when I have more information.

Sorry for the inconvenience.

I have moved the coins from the hot wallet to a new hot wallet the staking address, in case anyone is watching and wondering why the coins just moved.

There's 3186 coins in the hot wallet which staked recently, are currently "maturing", and so are not movable. I'll move those as well once they have matured.

[Dabs]

doog, may I ask for generic non-identifiable details on the hardware / server set up of JD? I know some other sites are on dedicated servers, or co-located hardware, and some smaller ones are just on VPS. What kind of bandwidth or processor usage do you see with the number of users and/or concurrent connections, etc, that kind of stuff.

[dooglus]

doog, may I ask for generic non-identifiable details on the hardware / server set up of JD? I know some other sites are on dedicated servers, or co-located hardware, and some smaller ones are just on VPS. What kind of bandwidth or processor usage do you see with the number of users and/or concurrent connections, etc, that kind of stuff.

I'm kind of busy at the moment.

[nicklovesBTC]

The site is down after suffering a hardware failure.

The coins in the wallets are safe.

I don't know right now how long it will take to get it back up. I'll post more when I have more information.

Sorry for the inconvenience.

Thx for the info Dooglus.

[jaysabi]

I'm in the process of dropping the maximum "offsite multiplier" for investors on Just-Dice.

About a year ago now I introduced the idea of "offsite investing". The idea was to allow investors to effectively risk coins that they hadn't deposited, with the goal of allowing them to take most of their CLAMs off the site and stake them in a local wallet. CLAM was far too centralised, with some 70% of all the CLAMs sitting in the Just-Dice bankroll, and I was hoping this would help address that problem.

What actually happened was that almost nobody took any of their coins off the site, and everyone just used the offsite investing feature to massively increase the risk they were taking.

So now we find ourselves with around a million CLAMs in the bankroll, and a maximum profit of 400k CLAMs. A single lucky bet could wipe out almost half of the bankroll.

This seems like a bad idea, for various reasons;

  a) In order for investors to get any reasonable share of the site profits they have to dangerously over-extend themselves, risking far too much just to keep up with the other investors.

  b) If any lucky player ever did with the 400k maximum profit, they wouldn't be able to sell their coins for anywhere near as much as they might expect.

  c) Any attempt to dump 400k CLAMs on the exchanges would crash the market hard.

So I'm going to be reducing the maximum offsite multiplier in stages.

The maximum just dropped from 100x to 50x in the last hour, and so the maximum profit per bet is now down to 213k CLAMs. I will continue to drop it over the next few days until it is down to 10x. That will mean investors can risk no more than 5% of their coins per bet.

I expect the max profit even at 10x will be in the region of 50k CLAMs, which is still a very competitive amount to be able to win.

I think this is a good change, and would like to see the offsite multiplier eliminated all together. Just my personal opinion that the offsite option leads to shenanigans, as you identified, but for some reason you're not eliminating it entirely? It's a step in the right direction at least.

Btw, good luck getting the site back up.

[djhomeschool]

Guess i don't get what you mean. In case you mean that a big winner should simply invest then i think this surely will not help against a market crash because everyone still would fear that these clams will be dropped.

My question was how to avoid the panic crash.

I run an ecommerce site that accepts CLAM and the link is in my sigfile. That was what I was getting at there.

[dooglus]

Btw, good luck getting the site back up.

Thanks.

I put up a temporary placeholder site here: https://just-dice.com/ and that's where I'll post updates.

[Kiritsugu]

Btw, good luck getting the site back up.

Thanks.

I put up a temporary placeholder site here: https://just-dice.com/ and that's where I'll post updates.

I miss JD

[Evil-Dragon]

Btw, good luck getting the site back up.

Thanks.

I put up a temporary placeholder site here: https://just-dice.com/ and that's where I'll post updates.

I miss JD

Don't worry, we are not gone, we're just temporarily unavailable until dooglus completes the new server and OS installs, updates, etc.. As Arnold once said "I'll be back"

Evil-Dragon
Just-Dice Moderator

EDIT: i've created a temporary Discord chat room while we're down if anyone wants to talk: https://discord.gg/0onaROdmJP6veIUe

[andulolika]

Btw, good luck getting the site back up.

Thanks.

I put up a temporary placeholder site here: https://just-dice.com/ and that's where I'll post updates.

I miss JD

Don't worry, we are not gone, we're just temporarily unavailable until dooglus completes the new server and OS installs, updates, etc.. As Arnold once said "I'll be back"

Evil-Dragon
Just-Dice Moderator

EDIT: i've created a temporary Discord chat room while we're down if anyone wants to talk: https://discord.gg/0onaROdmJP6veIUe

The wait is harsh. Ah man i dont wanna download more apps lol.

[Kiritsugu]

Btw, good luck getting the site back up.

Thanks.

I put up a temporary placeholder site here: https://just-dice.com/ and that's where I'll post updates.

I miss JD

Don't worry, we are not gone, we're just temporarily unavailable until dooglus completes the new server and OS installs, updates, etc.. As Arnold once said "I'll be back"

Evil-Dragon
Just-Dice Moderator

EDIT: i've created a temporary Discord chat room while we're down if anyone wants to talk: https://discord.gg/0onaROdmJP6veIUe

The wait is harsh. Ah man i dont wanna download more apps lol.

Discord is browser-based.  You don't have to download anything.

[Evil-Dragon]

Btw, good luck getting the site back up.

Thanks.

I put up a temporary placeholder site here: https://just-dice.com/ and that's where I'll post updates.

I miss JD

Don't worry, we are not gone, we're just temporarily unavailable until dooglus completes the new server and OS installs, updates, etc.. As Arnold once said "I'll be back"

Evil-Dragon
Just-Dice Moderator

EDIT: i've created a temporary Discord chat room while we're down if anyone wants to talk: https://discord.gg/0onaROdmJP6veIUe

The wait is harsh. Ah man i dont wanna download more apps lol.

Discord is browser-based.  You don't have to download anything.

Scrap all that, i forgot about the official IRC channel -> http://webchat.freenode.net/?channels=clams

[dooglus]

Scrap all that, i forgot about the official IRC channel -> http://webchat.freenode.net/?channels=clams

Well, it's not the official JD channel, it's the official CLAMs channel. But they don't seem to mind us hanging out there...

[dooglus]

I put up a temporary placeholder site here: https://just-dice.com/ and that's where I'll post updates.

I miss JD

Me too!

[andulolika]

Btw, good luck getting the site back up.

Thanks.

I put up a temporary placeholder site here: https://just-dice.com/ and that's where I'll post updates.

I miss JD

Don't worry, we are not gone, we're just temporarily unavailable until dooglus completes the new server and OS installs, updates, etc.. As Arnold once said "I'll be back"

Evil-Dragon
Just-Dice Moderator

EDIT: i've created a temporary Discord chat room while we're down if anyone wants to talk: https://discord.gg/0onaROdmJP6veIUe

The wait is harsh. Ah man i dont wanna download more apps lol.

Discord is browser-based.  You don't have to download anything.

Im on phone :p my pc been turned off for a month. On phone it does ask me for the app, i guess i could had forcet to desktop version but didnt cared that much.

[spiritual3]

I hope it will come back soon

[mindset]

from https://just-dice.com/:

the failed hard drive it somehow readable again
...
I am resetting the server seeds as a precaution.

It's frightening to think that someone found the JD server and took out the hard drive in order to copy the seeds/wallets. Thankfully Dooglus is way ahead of them.

[dooglus]

I hope it will come back soon

It didn't. But it came back after about 16 hours.

Down at 7am, back at 11pm. What a day! No fun at all...

Thanks for the kind words and well wishes.

[Evil-Dragon]

I hope it will come back soon

It didn't. But it came back after about 16 hours.

Down at 7am, back at 11pm. What a day! No fun at all...

Thanks for the kind words and well wishes.

Sleep well dooglus, you've earned it.