Just-Dice.com : Invest in 1% House Edge Dice Game

[oda.krell]

Good point, I admit.

In the long run I don't think a ratio of 60+k invested vs. below-10k gambled is sustainable, but I guess that's a self-correcting problem

10k / 60k = 0.166% per day expected return on investment, or 61% per year.  55% after commission.

I'm not familiar with other places to invest Bitcoin.  What is the usual rate of return?  At what point would JD's expected rate of return become unacceptable?

I don't know. In the "real world", +55% would be pretty fantastic. I just guess in the world of bitcoin, it's not that much, especially considering the (substantial) risk to the investment on j-d. But I can only speak for myself, others might think 55% is more than enough.

EDIT: Wait. Why 55%? It's compounded interest, so: 1.00166^365 ~= 83% before comission

[dooglus]

EDIT: Wait. Why 55%? It's compounded interest, so: 1.00166^365 ~= 83% before comission

It's only compounded if everyone except you withdraws their profits.

If everyone leaves their profits in, then it's effectively simple interest.  Your share of the profits remains constant, and presumably so do the expected profits.

[drawingthesun]

Good point, I admit.

In the long run I don't think a ratio of 60+k invested vs. below-10k gambled is sustainable, but I guess that's a self-correcting problem

10k / 60k = 0.166% per day expected return on investment, or 61% per year.  55% after commission.

I'm not familiar with other places to invest Bitcoin.  What is the usual rate of return?  At what point would JD's expected rate of return become unacceptable?

Well I think its early days before we start talking about acceptable and unacceptable rates of return, the site should be 40,000 bitcoin up but its not. If Nakowa comes back to gamble it will be negative again.

Dooglus, what is the rate of return for that investor that invested since the beginning? Probably works out to 3% a year.

[Leehoya]

For some reason, having more luck at just-dice than other dice sites, havent burst yet.

[dooglus]

I just found the following in the 'Spam' folder of the account that support emails go to.  I wonder why gmail thought it was spam!

Don Juan <donhuanita12@mail.com>
Oct 14 (1 day ago)

to me

Why is this message in Spam? It's similar to messages that were detected by our spam filters.  Learn more
Hello Sir,

First of all , I wanted to congratulate you on making this website , for the nice ideas and for taking advantage of stupid people.
However I have seen a lot of the so called whales , that keep coming from time to time on this website and bet 300-500 BTC without being afraid. After the website and your investors take a big hit and lose 2000 -3000 BTC , out of a sudden there come other people and invest just like that. One time you even admitted you invested 2000 BTC on the website right after the whale left.

It is quite obvious for me and for other people at that time on the website , that you were betting against your own house. It is logical that you do that , otherwise you would not be allowed to take money from the bankroll without divesting ( investors lose money and that makes them sad  ). There were also a bunch of people who said the same thing at that time.

The funny thing is you were never there several times the whales came , and out of a sudden you were there right after they left . Coincidence , right? Neah , I do not think so . One whale ( you ) chatted with me when you were at +800 BTC and then I opened my mouth and people started to understand as well. Then you did not go the matringle all the way , because the wife would not go anal with you and just lost money. To prove people I was wrong. Then you went betting matringle again.

It is simple. You are smart and have made a lot of money from this website. And when the whales hit you make even more. People do not understand that you lose very less if you really lose and win a lot more if you win .

Getting to the point of the message :  I will ask for 1000 BTC to keep this thing for myself. I have collected +100 printscreens of the chat and bets and all this nice activity . Know some people who lost good money from investing just like me.  You can send me a bullshit spam message with : We do not respond to threats. I will take a break from work and put together a large thread on bitcointalk and others as well , spam the chat and soon. I will deface the website and I think you will lose 10 times more the thing I ask. You can try me dog .

Please do think twice before sending that reply or the bitcoin.
Do so and we shall never talk again.
Bitcoin address : 1D6zK1WaZZAMrfB2ecFBq3bvBikwoPFYtT

Wish you good luck with business and congrats on taking advantage of stupid and even smart people.

It boggles the mind that these extortionists all think they're the first one to dream up this little scam.

[dooglus]

I'm not familiar with other places to invest Bitcoin.  What is the usual rate of return?  At what point would JD's expected rate of return become unacceptable?

Well I think its early days before we start talking about acceptable and unacceptable rates of return, the site should be 40,000 bitcoin up but its not. If Nakowa comes back to gamble it will be negative again.

Dooglus, what is the rate of return for that investor that invested since the beginning? Probably works out to 3% a year.

He turned 0.0107 into 0.0111 in about 3 months.  I figure that's around 15% per year:

>>> (0.0111 - 0.0107) / 0.0107 * 100 * 4
14.953271028037424

[drawingthesun]

It boggles the mind that these extortionists all think they're the first one to dream up this little scam.

Damn you still get those emails? Don't people ever give up?

[dooglus]

It boggles the mind that these extortionists all think they're the first one to dream up this little scam.

I replied to his support ticket with the following, so maybe he'll come here with his "printscreens":

Hi there.

Sorry it took a while to get back to you. Your email ended up in the 'Spam' folder for some reason.

All your allegations are wrong, but none of them are original. People have said all that kind of stuff before. Except the anal sex bit. That was new.

I hope you don't mind, but I posted a copy of your email in the bitcointalk forums, here:
https://bitcointalk.org/index.php?topic=242962.msg3346614#msg3346614

Perhaps we could discuss your concerns there? I'm sure people would be happy to see any proof you have that I'm cheating them.

[01BTC10]

I just found the following in the 'Spam' folder of the account that support emails go to.  I wonder why gmail thought it was spam!

Don Juan <donhuanita12@mail.com>
Oct 14 (1 day ago)

to me

Why is this message in Spam? It's similar to messages that were detected by our spam filters.  Learn more
Hello Sir,

First of all , I wanted to congratulate you on making this website , for the nice ideas and for taking advantage of stupid people.
However I have seen a lot of the so called whales , that keep coming from time to time on this website and bet 300-500 BTC without being afraid. After the website and your investors take a big hit and lose 2000 -3000 BTC , out of a sudden there come other people and invest just like that. One time you even admitted you invested 2000 BTC on the website right after the whale left.

It is quite obvious for me and for other people at that time on the website , that you were betting against your own house. It is logical that you do that , otherwise you would not be allowed to take money from the bankroll without divesting ( investors lose money and that makes them sad  ). There were also a bunch of people who said the same thing at that time.

The funny thing is you were never there several times the whales came , and out of a sudden you were there right after they left . Coincidence , right? Neah , I do not think so . One whale ( you ) chatted with me when you were at +800 BTC and then I opened my mouth and people started to understand as well. Then you did not go the matringle all the way , because the wife would not go anal with you and just lost money. To prove people I was wrong. Then you went betting matringle again.

It is simple. You are smart and have made a lot of money from this website. And when the whales hit you make even more. People do not understand that you lose very less if you really lose and win a lot more if you win .

Getting to the point of the message :  I will ask for 1000 BTC to keep this thing for myself. I have collected +100 printscreens of the chat and bets and all this nice activity . Know some people who lost good money from investing just like me.  You can send me a bullshit spam message with : We do not respond to threats. I will take a break from work and put together a large thread on bitcointalk and others as well , spam the chat and soon. I will deface the website and I think you will lose 10 times more the thing I ask. You can try me dog .

Please do think twice before sending that reply or the bitcoin.
Do so and we shall never talk again.
Bitcoin address : 1D6zK1WaZZAMrfB2ecFBq3bvBikwoPFYtT

Wish you good luck with business and congrats on taking advantage of stupid and even smart people.

It boggles the mind that these extortionists all think they're the first one to dream up this little scam.

Someone started to pay the ransom: https://blockchain.info/address/1D6zK1WaZZAMrfB2ecFBq3bvBikwoPFYtT

[wachtwoord]

I just found the following in the 'Spam' folder of the account that support emails go to.  I wonder why gmail thought it was spam!

Don Juan <donhuanita12@mail.com>
Oct 14 (1 day ago)

to me

Why is this message in Spam? It's similar to messages that were detected by our spam filters.  Learn more
Hello Sir,

First of all , I wanted to congratulate you on making this website , for the nice ideas and for taking advantage of stupid people.
However I have seen a lot of the so called whales , that keep coming from time to time on this website and bet 300-500 BTC without being afraid. After the website and your investors take a big hit and lose 2000 -3000 BTC , out of a sudden there come other people and invest just like that. One time you even admitted you invested 2000 BTC on the website right after the whale left.

It is quite obvious for me and for other people at that time on the website , that you were betting against your own house. It is logical that you do that , otherwise you would not be allowed to take money from the bankroll without divesting ( investors lose money and that makes them sad  ). There were also a bunch of people who said the same thing at that time.

The funny thing is you were never there several times the whales came , and out of a sudden you were there right after they left . Coincidence , right? Neah , I do not think so . One whale ( you ) chatted with me when you were at +800 BTC and then I opened my mouth and people started to understand as well. Then you did not go the matringle all the way , because the wife would not go anal with you and just lost money. To prove people I was wrong. Then you went betting matringle again.

It is simple. You are smart and have made a lot of money from this website. And when the whales hit you make even more. People do not understand that you lose very less if you really lose and win a lot more if you win .

Getting to the point of the message :  I will ask for 1000 BTC to keep this thing for myself. I have collected +100 printscreens of the chat and bets and all this nice activity . Know some people who lost good money from investing just like me.  You can send me a bullshit spam message with : We do not respond to threats. I will take a break from work and put together a large thread on bitcointalk and others as well , spam the chat and soon. I will deface the website and I think you will lose 10 times more the thing I ask. You can try me dog .

Please do think twice before sending that reply or the bitcoin.
Do so and we shall never talk again.
Bitcoin address : 1D6zK1WaZZAMrfB2ecFBq3bvBikwoPFYtT

Wish you good luck with business and congrats on taking advantage of stupid and even smart people.

It boggles the mind that these extortionists all think they're the first one to dream up this little scam.

Ah Doog your wife doesn't do anal?

Defend yourself against that allegation!

[dooglus]

Someone started to pay the ransom: https://blockchain.info/address/1D6zK1WaZZAMrfB2ecFBq3bvBikwoPFYtT

Maybe that's the scammer registering the address on the blockchain so nobody else gets it... 

[wachtwoord]

Someone started to pay the ransom: https://blockchain.info/address/1D6zK1WaZZAMrfB2ecFBq3bvBikwoPFYtT

Maybe that's the scammer registering the address on the blockchain so nobody else gets it... 

Yes, the firstbits are so incredibly desirable.

[drawingthesun]

He turned 0.0107 into 0.0111 in about 3 months.  I figure that's around 15% per year:

>>> (0.0111 - 0.0107) / 0.0107 * 100 * 4
14.953271028037424

Actually 15% a year is still impressive.

[Otoh]

He turned 0.0107 into 0.0111 in about 3 months.  I figure that's around 15% per year:

>>> (0.0111 - 0.0107) / 0.0107 * 100 * 4
14.953271028037424

Actually 15% a year is still impressive.

Not to mention the appreciation of holding investments denominated in Bitcoins, up from $136 to $163 on Gox this last week, about +20% with that alone.

[oda.krell]

EDIT: Wait. Why 55%? It's compounded interest, so: 1.00166^365 ~= 83% before comission

It's only compounded if everyone except you withdraws their profits.

If everyone leaves their profits in, then it's effectively simple interest.  Your share of the profits remains constant, and presumably so do the expected profits.

True. Forgot about the other investors.

Anyway, looks like most investors that post here are more or less happy with the expected returns, so I rest my case.

[dooglus]

Ah Doog your wife doesn't do anal?

Defend yourself against that allegation!

First I need to defend myself against the allegation that I'm married.  I've always told Deb that I'm single.

Come to think of it, maybe that's why we separated...  http://rydwi.blogspot.ca/2003/12/first-day-of-break.html

[Noitev]

out of curiosity, do you guys generally feel good or bad when a whale starts playing?

[romerun]

I'm ok with narwhal, but if I see blue whale pounding 300 a bet, I won't be hesitate to divest.

[ASICSRUS]

doogster~ we need to talk buddie!  

[ASICSRUS]

He turned 0.0107 into 0.0111 in about 3 months.  I figure that's around 15% per year:

>>> (0.0111 - 0.0107) / 0.0107 * 100 * 4
14.953271028037424

Actually 15% a year is still impressive.

Not to mention the appreciation of holding investments denominated in Bitcoins, up from $136 to $163 on Gox this last week, about +20% with that alone.

wh0 told you!  break 200 and we could see 1000 sooner than later imo