funny, but jokes aside, how do we trust someone to hold that much Bitcoin without draining everything out one day? I'm curious because I'm interested as an investor. Is the identity of the man in charge known, and what kind of liability would he have if the disappeared? After the Ukyo scam and countless others, I am very nervous about putting my money anywhere. What makes just-dice safe when you choose to invest in the house (Luck aside. I'm talking strictly of trust in people)
The best evidence that I don't intend to steal investor funds is that the total bankroll was
over 60k BTC for a while and then a big investor pulled out 12k BTC all at once (I paid him out in
two transactions so I didn't have to keep such a large amount online at once). It's unlikely that the bankroll will ever be that high again, and so that would have been the obvious time to steal it if I was going to. But instead I let him withdraw his 12k BTC.
I know it's not much proof of anything, but I think the way most scams work is that the operator tries to make as much as he possibly can out of them, which it's clear I'm not doing.
Everyone needs to make the trust decision for themselves.
I'm not saying this is a good thing or a bad thing... but at this point the site has a large enough bankroll to cover the occasional whale that stops by. Additional investment just hurts current investors by diluting their stake. Additional investment neither hurts nor helps dooglas since he takes the same cut no matter how much is invested. So there's really no incentive for him to go out of his way to provide docs and what not to attract new investors.
In fact, if he was aggressively trying to raise capital and build investor trust, that'd be suspicious to me. The only reason to do so given the current bankroll would be so he'd have more to steal later.
Note that he's not talking about being able to cover losses to lucky whales. He's just talking about the risk of me stealing the invested coins.
Like you say, I don't feel the need to convince anyone of anything. I've been doing this long enough now that there are plenty of people who trust me. Attracting more investment doesn't achieve much of anything. If I wanted a bigger maximum bet on the site I'm sure I could double the "risk factor" back to full-Kelly without many complaints. And attracting more investment just means I'm responsible for an even larger pile of Bitcoins. Since I don't intend to steal them, that's nothing but extra stress for me.
So you're welcome to join the fun if you want to, but it's up to you to decide whether you can trust me or not. Also bear in mind that the 1% edge isn't big enough to prevent a very bumpy ride to profit. We often have losing weeks; in fact 2 of the last 3 weeks the site has made a loss (the winning week more than made up for the two losing weeks, but that's by no means guaranteed).
