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

[Timetwister]

interesting site bankroll movement during past 10 days.


this leads to a conclusion that 1/3 of sites bankroll is controlled by just a few accounts.

statistics also do not indicate these coins have been wagered.


what other conclusions can be made? should such movement be somehow worrying?

http://just-dice.blogspot.com.es/

The two biggest investors have divested a lot.

[21pilot]

interesting site bankroll movement during past 10 days.


this leads to a conclusion that 1/3 of sites bankroll is controlled by just a few accounts.

statistics also do not indicate these coins have been wagered.


what other conclusions can be made? should such movement be somehow worrying?

http://just-dice.blogspot.com.es/

The two biggest investors have divested a lot.

they possibly want to lock in a part of their winnings due to the falling BTC price 

[dooglus]

http://just-dice.blogspot.com.es/

The two biggest investors have divested a lot.

You're reading that wrong. The biggest investor left, and the 2nd biggest moved up to 1st place.

If you follow the coins from the cold wallet on the blockchain you can see them still sitting idle.

[ryanmnercer]

Heh, my trading ability is sad... so I decided just to take what I had been day trading and dump it into just-dice as an investment, *shakes head* I'm doing far better this way hahahahaha.

[boumalo]

Can someone tell me if OP is known? He seems very trustworthy and he probably makes a good living out of the great casino website he set up but what are the odds he run away with the invested money? People send thousands of btc without knowing the casino owner??

[dooglus]

Can someone tell me if OP is known? He seems very trustworthy and he probably makes a good living out of the great casino website he set up but what are the odds he run away with the invested money? People send thousands of btc without knowing the casino owner??

OP here.

I'm not going to run away with the bankroll.  If that was the plan, I would have run when it was around 60k BTC.  Letting people withdraw it down to 30k really isn't something a scammer would do.  A couple of weeks ago the biggest investor asked to withdraw his >9k BTC investment.  I immediately sent him his coins.

I know that doesn't prove anything.  Maybe I'm just a really incompetent scammer...

Also, don't forget that even if I am honest, there's still the chance that armed bandits (freelance or the kind with badges) turn up at my door and demand the bankroll.  So don't risk more than you can afford to lose, and I'll do my best to take good care of it.

[IamNotSure]

Also, don't forget that even if I am honest, there's still the chance that armed bandits (freelance or the kind with badges) turn up at my door and demand the bankroll.  So don't risk more than you can afford to lose, and I'll do my best to take good care of it.

Hence the emergency withdrawal address.

[boumalo]

Can someone tell me if OP is known? He seems very trustworthy and he probably makes a good living out of the great casino website he set up but what are the odds he run away with the invested money? People send thousands of btc without knowing the casino owner??

OP here.

I'm not going to run away with the bankroll.  If that was the plan, I would have run when it was around 60k BTC.  Letting people withdraw it down to 30k really isn't something a scammer would do.  A couple of weeks ago the biggest investor asked to withdraw his >9k BTC investment.  I immediately sent him his coins.

I know that doesn't prove anything.  Maybe I'm just a really incompetent scammer...

Also, don't forget that even if I am honest, there's still the chance that armed bandits (freelance or the kind with badges) turn up at my door and demand the bankroll.  So don't risk more than you can afford to lose, and I'll do my best to take good care of it.

Thanks for the answer; the bankroll was 60k before but it was worth less than it is now though, I am guessing people withdrew in november&december.

The website is good and you didn't run away when the price did x10 : two good signs that you are no sc.ammer because the bankroll actually went from 6,000,000$ to 30,000,000$ in November 2013 so it would have been a good time to go AOK and get everyone running after you

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Can you disclose if you are invested in the bankroll yourself? How much?

The casino offers a nice rate of return but it is illegal in my jurisdiction so i will wait until i live in a jurisdiction where i can invest in btc casinos

[ryanmnercer]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Exactly, lucky guy heh

[suchmoon]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Exactly, lucky guy heh

Lucky is the guy who wins 100 BTC. Dooglus is the guy who EARNS his BTC

[boumalo]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Exactly, lucky guy heh

Lucky is the guy who wins 100 BTC. Dooglus is the guy who EARNS his BTC

It is a nice amount to earn every month and the website has a good selling value, 25,000BTC would be a reasonable amount to buy it

Dooglus you set up just-dice by yourself or are you a group? What happen to the bankroll if you sell the website?

Can you disclose if you are invested in the bankroll yourself? How much?

[Timetwister]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Can you disclose if you are invested in the bankroll yourself? How much?

The casino offers a nice rate of return but it is illegal in my jurisdiction so i will wait until i live in a jurisdiction where i can invest in btc casinos

He doesn't make that much, just look at wagered per day and multiply per 0.001 to estimate his expected profit.

[Lohoris]

Also, don't forget that even if I am honest, there's still the chance that armed bandits (freelance or the kind with badges) turn up at my door and demand the bankroll.  So don't risk more than you can afford to lose, and I'll do my best to take good care of it.

Hence the emergency withdrawal address.

Sure, but it only works in some situations: if doog is kidnapped or arrested he likely doesn't have access to the cold wallet.

Actually there's one way he could have an online/automatic emergency withdrawal from the cold wallet without exposing the cold wallet itself: building and not transmitting a transaction sending out the whole cold wallet content, and if emergency occurs, broadcasting that transaction.
That transaction would have to be updated every time the contents of the cold wallet changes, and it obviously wouldn't include any recent changes.

[boumalo]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Can you disclose if you are invested in the bankroll yourself? How much?

The casino offers a nice rate of return but it is illegal in my jurisdiction so i will wait until i live in a jurisdiction where i can invest in btc casinos

He doesn't make that much, just look at wagered per day and multiply per 0.001 to estimate his expected profit.

That's what I did, recalculate it to tell me your result

Also, don't forget that even if I am honest, there's still the chance that armed bandits (freelance or the kind with badges) turn up at my door and demand the bankroll.  So don't risk more than you can afford to lose, and I'll do my best to take good care of it.

Hence the emergency withdrawal address.

Sure, but it only works in some situations: if doog is kidnapped or arrested he likely doesn't have access to the cold wallet.

Actually there's one way he could have an online/automatic emergency withdrawal from the cold wallet without exposing the cold wallet itself: building and not transmitting a transaction sending out the whole cold wallet content, and if emergency occurs, broadcasting that transaction.
That transaction would have to be updated every time the contents of the cold wallet changes, and it obviously wouldn't include any recent changes.

He can set up a scrypt on a server that will send all the funds to the emergency withdraw addresses if he doesn't update the website for a certain amount of time-like 2weeks + doesn't log in on the website, something along those lines

[BayAreaCoins]

or the kind with badges) turn up at my door and demand the bankroll. 

They would drop you a e-mail first before just showing up.  I think you're fine there.

[phaskie]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Where did you get 100BTC/month from?  Which fees?  From what I understand, Dooglus makes money from commision the bank (the people invested) makes.  If the website makes a profit over a week, Dooglus gets 10% commission on net investment profits if and when investments are divested.  If the website doesn't make a profit and people divest, he makes nothing (which has happened a lot).

Am I understanding this incorrectly?

[TwinWinNerD]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Where did you get 100BTC/month from?  Which fees?  From what I understand, Dooglus makes money from commision the bank (the people invested) makes.  If the website makes a profit over a week, Dooglus gets 10% commission on net investment profits if and when investments are divested.  If the website doesn't make a profit and people divest, he makes nothing (which has happened a lot).

Am I understanding this incorrectly?

He was taking about expected profit.

For 100.000 BTC wagered he receives an expected 100 BTC.
There are 5000000BTC wagered and the site is opend since June or so, thus leading to more than 100.000BTC wagered per month...

[boumalo]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Where did you get 100BTC/month from?  Which fees?  From what I understand, Dooglus makes money from commision the bank (the people invested) makes.  If the website makes a profit over a week, Dooglus gets 10% commission on net investment profits if and when investments are divested.  If the website doesn't make a profit and people divest, he makes nothing (which has happened a lot).

Am I understanding this incorrectly?

He was taking about expected profit.

For 100.000 BTC wagered he receives an expected 100 BTC.
There are 5000000BTC wagered and the site is opend since June or so, thus leading to more than 100.000BTC wagered per month...

5,000,000 wagered

Profit is written at 15,000BTC so 10% of that is 1500BTC-costs, by the way the website has been that unlucky?? Only getting 0.15% of the total wagered?

[shitaifan2013]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Where did you get 100BTC/month from?  Which fees?  From what I understand, Dooglus makes money from commision the bank (the people invested) makes.  If the website makes a profit over a week, Dooglus gets 10% commission on net investment profits if and when investments are divested.  If the website doesn't make a profit and people divest, he makes nothing (which has happened a lot).

Am I understanding this incorrectly?

He was taking about expected profit.

For 100.000 BTC wagered he receives an expected 100 BTC.
There are 5000000BTC wagered and the site is opend since June or so, thus leading to more than 100.000BTC wagered per month...

5,000,000 wagered

Profit is written at 15,000BTC so 10% of that is 1500BTC-costs, by the way the website has been that unlucky?? Only getting 0.15% of the total wagered?

yawn...same old story over & over. please search for the nakowa incident. it has been discussed at great length.

[boumalo]

You probably make around 100BTC/month net from your fees so may not "need" to run away and create more troubles to yourself..

Where did you get 100BTC/month from?  Which fees?  From what I understand, Dooglus makes money from commision the bank (the people invested) makes.  If the website makes a profit over a week, Dooglus gets 10% commission on net investment profits if and when investments are divested.  If the website doesn't make a profit and people divest, he makes nothing (which has happened a lot).

Am I understanding this incorrectly?

He was taking about expected profit.

For 100.000 BTC wagered he receives an expected 100 BTC.
There are 5000000BTC wagered and the site is opend since June or so, thus leading to more than 100.000BTC wagered per month...

5,000,000 wagered

Profit is written at 15,000BTC so 10% of that is 1500BTC-costs, by the way the website has been that unlucky?? Only getting 0.15% of the total wagered?

yawn...same old story over & over. please search for the nakowa incident. it has been discussed at great length.

So I understand that the website has not recovered since nakowa wins, 15,000btc instead of 50,000btc seems like a huge difference on 5,000,000wagered