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

[mechs]

dooglus: implement Inputs withdraws, pretty please?

People keep asking me about them

What exactly is the advanyage of inputs over any other web wallet?

You don't need to wait for confirmations (and no TX fees) if you're paying offchain. It's also the most secure web wallet, with 2FA, GPG auth, location based authorization, session listing & management, and automatic tor/proxy block if you have enabled that.

you really think it is more secure than blockchain.info? 

It is when you cast aside any possible trust issues, like a thought of a situation,where site owners run away with your btc.

I don't know who the owners of blockchain.info are anymore than I do inputs.io.  I personally use coinbase for my web wallet.  Incorporated in US, $5M in venture funding and owners are well known. Only problem is lately they seem to have problems pushing btc transfers onto the blockchain without hour long delays.

[mechs]

blockchain.info keeps your private key on the browser, they never know it.
inputs.io does not.
You actually don't need to trust blockchain.info as long as you have their extension that does not allow changing the JavaScript code.

That interesting, make it more hacker-proof than even coinbase then.  But that means if your computer crashes you lose the private keys?

[BRules]

That interesting, make it more hacker-proof than even coinbase then.  But that means if your computer crashes you lose the private keys?

no, the blockchain.info has a copy of the private keys, but it is encrypted with your password. When you try to login to your wallet, your browser retrieves the encrypted wallet from the blockchain.info server and decrypt it client side. so, you don't need to worry about backups. The only thing you can't lose is your password and your id.

[Otoh]

blockchain.info keeps your private key on the browser, they never know it.
inputs.io does not.
You actually don't need to trust blockchain.info as long as you have their extension that does not allow changing the JavaScript code.

That interesting, make it more hacker-proof than even coinbase then.  But that means if your computer crashes you lose the private keys?

When you set it up, get it to make an encrypted (with your password) backup sent to your email & it will send a new one each time that you make a critical change to the wallet I believe, it's probably even simpler than this, so even if you lose your computer if you have access to your email & remember your password then you can restore.

[mechs]

blockchain.info keeps your private key on the browser, they never know it.
inputs.io does not.
You actually don't need to trust blockchain.info as long as you have their extension that does not allow changing the JavaScript code.

That interesting, make it more hacker-proof than even coinbase then.  But that means if your computer crashes you lose the private keys?

When you set it up, get it to make an encrypted (with your password) backup sent to your email & it will send a new one each time that you make a critical change to the wallet I believe, it's probably even simpler than this, so even if you lose your computer if you have access to your email & remember your password then you can restore.

Then that is definitely much more secure than inputs.io and even more secure than coinbase (I do not believe they encrypt my private keys with my own pwd but I could be wrong!). Still, I know who owns coinbase and they are very unlikely to run off with the coins. Who runs blockchain.info?

[dooglus]

I don't know who the owners of blockchain.info are anymore than I do inputs.io.  I personally use coinbase for my web wallet.  Incorporated in US, $5M in venture funding and owners are well known. Only problem is lately they seem to have problems pushing btc transfers onto the blockchain without hour long delays.

Surely it's best to use Just-Dice as your web wallet - they pay kind of interest, mostly positive, on balances. 

[mechs]

I don't know who the owners of blockchain.info are anymore than I do inputs.io.  I personally use coinbase for my web wallet.  Incorporated in US, $5M in venture funding and owners are well known. Only problem is lately they seem to have problems pushing btc transfers onto the blockchain without hour long delays.

Surely it's best to use Just-Dice as your web wallet - they pay kind of interest, mostly positive, on balances. 

Not sure you can call something a web wallet if you can lose the coins deposited!

[dooglus]

Not sure you can call something a web wallet if you can lose the coins deposited!

You can opt for the 0% interest lower-risk option if you like.

[organofcorti]

I don't know who the owners of blockchain.info are anymore than I do inputs.io.  I personally use coinbase for my web wallet.  Incorporated in US, $5M in venture funding and owners are well known. Only problem is lately they seem to have problems pushing btc transfers onto the blockchain without hour long delays.

Surely it's best to use Just-Dice as your web wallet - they pay kind of interest, mostly positive, on balances. 

Not sure you can call something a web wallet if you can lose the coins deposited!

My pants wallet does a great job of losing my coins, and there's no chance my pants will pay any interest on the money. I prefer the Just-Dice wallet to the pants wallet, any day.

[Dabs]

If you put your money in just-dice, as the balance, but not as invested, you can't lose it if you don't bet at all. You can then use JD as a web wallet.

When you need to pay for something, and you're a little short, a couple of 98% bets will give you the little bit you need. (Bad Advice, but I used to do it on SD when all I had was 1.98 and I needed 2.01)

[drawingthesun]

If you put your money in just-dice, as the balance, but not as invested, you can't lose it if you don't bet at all. You can then use JD as a web wallet.

When you need to pay for something, and you're a little short, a couple of 98% bets will give you the little bit you need. (Bad Advice, but I used to do it on SD when all I had was 1.98 and I needed 2.01)

Really?

[superresistant]

If you put your money in just-dice, as the balance, but not as invested, you can't lose it if you don't bet at all. You can then use JD as a web wallet.
When you need to pay for something, and you're a little short, a couple of 98% bets will give you the little bit you need. (Bad Advice, but I used to do it on SD when all I had was 1.98 and I needed 2.01)

Really?

Yeah I did the same when I was in that case :

I need to buy something with bitcoins quickly, the more I wait the higher the price become and it would take 2 days to buy more bitcoins (and the price could get even higher). So the best to do is to bet 1 or 2 times at 98% chance of winning to reach the required amount of bitcoins.

Sometimes, you better risk 2% chance of an amount than loosing few days and a small amount.

[akabmikua]

Most of the people are discussing about martingale. But why? That is gonna fail anyway.

I remember some lines of conversation when I had a talk with my friend

Me: I rolled 1000 wins and 250 loses, what is the probability of getting a win now?
Friend: 50/50% for both.

Doesn't matter what you rolled previously, but next will have equal chances of win/lose in any case.

[malevolent]

* minimal fees of just 1% on net investment profits to cover site expenses.  (fees will be 5% from 7th July)

You should update this because the fee has grown to 10% now.

This is not exactly what I have been expecting after reading this:

I plan to make the accounts transparent too.  I'll itemize how much has been collected in commission, and how it has been spent.  Kind of like SDICE, but without the $10k/month sysadmin fees. If the 1% commission on investor profits is more than the site needs, I'll cut it.

I haven't followed all the posts in this thread but were the expenses of running the site listed anywhere?

EDIT: of course what I'm interested in is just-dice list of expenses

[drawingthesun]

* minimal fees of just 1% on net investment profits to cover site expenses.  (fees will be 5% from 7th July)

You should update this because the fee has grown to 10% now.

This is not exactly what I have been expecting after reading this:

I plan to make the accounts transparent too.  I'll itemize how much has been collected in commission, and how it has been spent.  Kind of like SDICE, but without the $10k/month sysadmin fees. If the 1% commission on investor profits is more than the site needs, I'll cut it.

I haven't followed all the posts in this thread but were the expenses of running the site listed anywhere?

Did SDICE really only cost investors $10k/month? JD is already at $5k - $10k/week.

[infested999]

You should update this because the fee has grown to 10% now.

WHEN WILL DOOG GO TOO FAR?

10000% commision and JD will be a scam site.

10000% = Total wagered.

[🏰 TradeFortress 🏰]

Not sure you can call something a web wallet if you can lose the coins deposited!

You can opt for the 0% interest lower-risk option if you like.

 

Doesn't matter what you rolled previously, but next will have equal chances of win/lose in any case.

Probability 101 for martingalers who believe in gambler's fallacy:

The chances of getting two heads in a row is 25%.

The chance of getting a head after getting a head is 50%. Look at it like this:

Head > Head
Head > Tail
Tail > Head
Tail > Tail

When you've got a head, you've already ventured on the two head paths. It doesn't make getting head more likely.

[eleuthria]

It doesn't make getting head more likely.

Which is unfortunate, because everybody here would probably like to increase the odds of that. 

[mechs]

It doesn't make getting head more likely.

Which is unfortunate, because everybody here would probably like to increase the odds of that. 

that made me laugh out out 

[mechs]

* minimal fees of just 1% on net investment profits to cover site expenses.  (fees will be 5% from 7th July)

You should update this because the fee has grown to 10% now.

This is not exactly what I have been expecting after reading this:

I plan to make the accounts transparent too.  I'll itemize how much has been collected in commission, and how it has been spent.  Kind of like SDICE, but without the $10k/month sysadmin fees. If the 1% commission on investor profits is more than the site needs, I'll cut it.

I haven't followed all the posts in this thread but were the expenses of running the site listed anywhere?

EDIT: of course what I'm interested in is just-dice list of expenses

He runs the sites on an EC2 Amazon droplet - not too expensive.  The expenses come out of the non-gambling reveue the site produces, which is the commission of 10% on weekly profits and advertising revenue.