I think we need a separate thread for investors, to separate it from the "bitcent please" posts. What would be the correct forum for it?
do you plan to advertise on this forum?
I will look into advertising when I feel that we need more players. The site seems to be doing well at the moment without advertising. It went down for half an hour yesterday, probably due to the server not being able to handle the number of players that came for the 2 millionth bet promotion. So I'd like to make sure we can handle the load comfortably before advertising.
I'm not sure if it will be necessary either. The investors are incentivised to spread the word themselves, since they directly benefit from new players. I could increase the commission rate enough to be able to afford to advertise, or I can keep the vast majority of the profits going to the investors, and leave it to them to bring in players. Basically nothing's free (except, apparently, for a never-ending stream of bitcents. They're free).
Is there any way to pause the live bets? I am often interested in looking at one bet but it goes away before I can even click it.
Nope. But it's an easy addition. I've added it to my massive to-do list. Thanks. What might be helpful is that at the bottom of the 'account' tab there are settings to specify which bets you want to see, by size or userid. So if the flood of small bets is annoying, limit it to only show bets above a certain size, or above a certain profit/loss.
Let's break it down: Suppose the house (the site investor) is currently playing with a 90 BTC bankroll and you invest 10 BTC. You will have 10% of the new 'current bankroll'. Each bet that a player makes is played against the current bankroll. As players win and lose, your investment grows or shrinks by 10% of the overall house profit. When you withdraw your investment you get 10% of the current bankroll.
Dooglus - I don't think this wording is what you mean; at least I hope it isn't. If someone "invests" 100 BTC to take the bankroll up to 200 BTC, and I then withdraw, surely you don't mean I get 10% of 200, i.e. take 10 BTC of the new investor's money?
The wording needs cleaning up.
Yes. Every time anyone invests or divests, all percentages are recalculated. If you have 10% of the bankroll of 100 and then someone invests another 100 BTC, you will then have 5% of the new bankroll of 200. Otherwise the initial investor would still own 100% of the bankroll now, since she started off with her 5 BTC investment being 100% of the bankroll. That wouldn't be even close to being fair. I'll change the wording. I find it hard to be concise, clear, accurate and complete all at once. Pick any 3. Or possibly 2.
Oh, and last thing, the description sorta contradicts itself :
Your investment may also be used to fund promotions, or anything else the site owner considers to be beneficial to the overall growth of the site's bankroll.
and
The site currently charges a 1% commission on net investment profits to cover expenses such as advertising, server hosting, etc.
I would really like to see this cleared up ASAP so I can decide whether I want to throw more money at dooglus or divest.
Oh, and last thing, a proper GPG-signed contract for investors would be nice.
Right. I was originally thinking that the investors should allow me to use their investment for whatever seems to be needed. But that's something they didn't agree to, and wouldn't necessarily agree to. So I changed it to everything being paid for from the commission, with the commission rate being adjustable as needed, with 7 days' notice. Then I left both changes in the text accidentally. The "Your investment may also be used ..." text was never intended to be published, and is now gone.
