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

[dooglus]

it may minify it, but it won't minimize it

Minify is the Ministry of Wi-Fi in Orwell's sequel to 1984, tentatively titled, "Fast and Furious Google - or Mike Hearn's Revenge".  Plot summary - Mike Hearn drives down the A1 from London to Cornwall on the wrong side of the road.  Stops to pick up lead singer from Spice Girls cover band.  Catches STD, fired by R3, goes to work for Blockstream as Greg Maxwell's pool boy - arrested in Halted for trying to shoplift Raspberry Pi - bailed out by cypherdoc using Hashfast preferred stock.

I'm not seeing how Hearn is in any way related to CLAM...

But everything else in that paragraph is just fine?

[ranlo]

it may minify it, but it won't minimize it

Minify is the Ministry of Wi-Fi in Orwell's sequel to 1984, tentatively titled, "Fast and Furious Google - or Mike Hearn's Revenge".  Plot summary - Mike Hearn drives down the A1 from London to Cornwall on the wrong side of the road.  Stops to pick up lead singer from Spice Girls cover band.  Catches STD, fired by R3, goes to work for Blockstream as Greg Maxwell's pool boy - arrested in Halted for trying to shoplift Raspberry Pi - bailed out by cypherdoc using Hashfast preferred stock.

I'm not seeing how Hearn is in any way related to CLAM...

But everything else in that paragraph is just fine?

I just kind of figured it was a rant about Hearn (in relation to the thread, considering he quoted me specifically) and he made up a little story.

[dooglus]

Just-Dice is down for a few minutes for maintenance. Back ASAP.

Edit: we're back.

Edit2: I was rebooting after updating the servers to fix this exploit. If you run a Linux server you should probably do the same.

[Faust Roland]

Hi, I did some math on my commision history and I figured out, that if you have offsite less than 6 you are paying more on the staking fees, that you make on the bankroll.

I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.

With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).

[andulolika]

Hi, I did some math on my commision history and I figured out, that if you have offsite less than 6 you are paying more on the staking fees, that you make on the bankroll.

I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.

With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).

I believe what said is irrelevant, staking and bankrolling are separated profits with separated commissions.
And yes, since most of the investors want to be bankroll too and they use offsite they take more risk hence more profits, if there was no offsite at all your win/loss per bet would be the same as if everyone was full offsited, atleast i think, someone correct me if im wrong.

[dooglus]

Hi, I did some math on my commision history and I figured out, that if you have offsite less than 6 you are paying more on the staking fees, that you make on the bankroll.

I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.

With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).

I don't know if you understand how it works or not, so I'll explain:

 1) Bankroll profits are charged 10% commission on new net profits at the end of each week.

 2) Staking profits are charged 10% commission at source.

So if in a week you earn 10 CLAMs from staking and 10 CLAMs from bankrolling, you will pay 1 CLAM commission twice and end up with 18 CLAMs profit.

You seem to be saying that if you are at offsite 6x then the staking profit is 10 times the bankroll profit, and so the commission on staking is equal to the profit from bankrolling. That may be the case, but I don't understand your point. What of it? If your bankroll profit didn't cover your staking commission you're still making a profit on both.

Currently, CLAM inflation is pretty high, and so staking rewards tend to swamp bankroll profits. The rate of inflation drops constantly, and so over time we can expect bankroll profits to become increasingly significant.

[superbit]

Hi, I did some math on my commision history and I figured out, that if you have offsite less than 6 you are paying more on the staking fees, that you make on the bankroll.

I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.

With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).

I don't know if you understand how it works or not, so I'll explain:

 1) Bankroll profits are charged 10% commission on new net profits at the end of each week.

 2) Staking profits are charged 10% commission at source.

So if in a week you earn 10 CLAMs from staking and 10 CLAMs from bankrolling, you will pay 1 CLAM commission twice and end up with 18 CLAMs profit.

You seem to be saying that if you are at offsite 6x then the staking profit is 10 times the bankroll profit, and so the commission on staking is equal to the profit from bankrolling. That may be the case, but I don't understand your point. What of it? If your bankroll profit didn't cover your staking commission you're still making a profit on both.

Currently, CLAM inflation is pretty high, and so staking rewards tend to swamp bankroll profits. The rate of inflation drops constantly, and so over time we can expect bankroll profits to become increasingly significant.

I think his point is that in that scenario he would be better of just staking the coins himself since the 10% he pays in staking fees is not covered by the additional revenue source of just-dice.

[dooglus]

I think his point is that in that scenario he would be better of just staking the coins himself since the 10% he pays in staking fees is not covered by the additional revenue source of just-dice.

Oh, of course!

And he's right in that case. Even if the bankroll rewards did cover the staking fee it might still be better to stake the coins yourself to avoid the risk of losing coins to a lucky player, site hack, or doog-running-off-with-the-coins scam.

I set the staking commission high in an attempt not to monopolize CLAM staking. It hasn't worked, but at least the incentives to solo-stake are in place.

[dooglus]

Suddenly, without warning:

[suchmoon]

Suddenly, without warning:

https://i.imgur.com/8GAdYAN.png

Ouch, that 49 one was brutal.

[kolloh]

Yikes, that 49.31 was so close to the 49.99 cut of point.

[Faust Roland]

I think his point is that in that scenario he would be better of just staking the coins himself since the 10% he pays in staking fees is not covered by the additional revenue source of just-dice.

Oh, of course!

And he's right in that case. Even if the bankroll rewards did cover the staking fee it might still be better to stake the coins yourself to avoid the risk of losing coins to a lucky player, site hack, or doog-running-off-with-the-coins scam.

I set the staking commission high in an attempt not to monopolize CLAM staking. It hasn't worked, but at least the incentives to solo-stake are in place.

Yes, that was my point. Thanks superbit for better explanation :-)

I decided to stake myself now, just to help decentralisation of clams (as I would make more or JD with offsite 10x)

[jaysabi]

Suddenly, without warning:

You're the Japan to his whale!

[altcoinlinks2]

Suddenly, without warning:

You're the Japan to his whale!

lol thats funny but whoa thats alot of clams

[tspacepilot]

Suddenly, without warning:

You're the Japan to his whale!

Wow, site profit through roof.  Sorry for starfish, but I'm glad I went offsite max a few days ago.  Myohmy.  I think that's the largest single bet yet, isn't it? (the 25K one).

By the way, what's the latest on the changes to offsite?  Are you getting rid of it altogether?

[ClamGaming]

Damn that was a crazy loss guy has some balls for sure.

[dooglus]

I think that's the largest single bet yet, isn't it? (the 25K one).

Yeah. The previous biggest was 24k...

By the way, what's the latest on the changes to offsite?  Are you getting rid of it altogether?

I said I wouldn't reduce it below 25x until after offering a 'staking only' option.

The maximum offsite multiplier is currently at 25x.

[freedomno1]

Suddenly, without warning:

I was wondering where that came from
All of the sudden bam

(lol sent my 30x to 25x pre-change)

[Bitcoiner2015]

Suddenly, without warning:

More than $32k in no time at all! People are crazy! Oh well, 33 extra clam for me Also good to see that if he had been lucky I wouldn't be wiped out.

[jaysabi]

Hi, I did some math on my commision history and I figured out, that if you have offsite less than 6 you are paying more on the staking fees, that you make on the bankroll.

I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.

With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).

I don't know if you understand how it works or not, so I'll explain:

 1) Bankroll profits are charged 10% commission on new net profits at the end of each week.

 2) Staking profits are charged 10% commission at source.

So if in a week you earn 10 CLAMs from staking and 10 CLAMs from bankrolling, you will pay 1 CLAM commission twice and end up with 18 CLAMs profit.

You seem to be saying that if you are at offsite 6x then the staking profit is 10 times the bankroll profit, and so the commission on staking is equal to the profit from bankrolling. That may be the case, but I don't understand your point. What of it? If your bankroll profit didn't cover your staking commission you're still making a profit on both.

Currently, CLAM inflation is pretty high, and so staking rewards tend to swamp bankroll profits. The rate of inflation drops constantly, and so over time we can expect bankroll profits to become increasingly significant.

I don't know very much about this. What is the current inflation rate and how frequently does it drop? Is it at set intervals?