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Author Topic: Just-Dice.com : Invest in 1% House Edge Dice Game  (Read 434297 times)
boumalo
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June 25, 2014, 10:00:10 PM
 #4601

Well it depends on what the risk actually is, but I'm willing to bet a satoshi that it is not trivial.

I'd bet that you can't find a lawyer who can give you an honest assessment of the risk. I think there is a huge lack of legal precedent.

I also frankly don't think that the Canadian government is going to start with a site that makes less than 20,000 BTC a year. I think that they would go for a big fish first. And until they had passed a law recognizing the value of Bitcoins, I don't think they thought about it.

I didn't say "no risk", but I did say it's not worth just giving up without trying.

It is not worth not trying to do something illegal that can throw you in jail for decades??

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theskillzdatklls
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June 25, 2014, 11:12:14 PM
 #4602

So sad. But I'm sure doog is making an intelligent decision. I hope he stays in the bitcoin space sometime in the near future.




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June 26, 2014, 12:09:28 AM
 #4603

Sad to see Just-Dice go. The idea to allow users to be the house was, and is, truly innovative.
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June 26, 2014, 12:11:30 AM
 #4604

Sad to see Just-Dice go. The idea to allow users to be the house was, and is, truly innovative.

Yup, same here. I was looking forward to doing something useful with my bitcoins instead of hodling them but it looks like investing in Just-Dice is no longer an option. Cry
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June 26, 2014, 01:59:15 AM
 #4605


Given 10% of final profit of 19,098.09848411 that would be over a million less any operational expenses. It's possible he made more since the cold wallet still has 10K in it, and the amount invested is roughly 5.5K.

I paid close to 20% commission.

This is because I paid commission on earnings which then disappeared during a whale run. (and I significantly reduced my investment - so it would take a while to come back)
If the site continued operating - then eventually I would get close to the 10% - because the site remembers the fact that I've already paid commission on profits I don't actually have.

I guess then that the effective commission overall was a little higher than 10%.




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June 26, 2014, 03:02:43 AM
 #4606

Only see a balance of 0.00000005 satoshi in the investment panel
So farewell for now JD until we meet again

BITEX
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June 26, 2014, 05:54:47 AM
 #4607

I paid close to 20% commission.

This is because I paid commission on earnings which then disappeared during a whale run. (and I significantly reduced my investment - so it would take a while to come back)

Look at these 24 bets. They are all characterized by someone betting a large amount of coin, at a probability of player winning of 73%-98%, and then losing it all. More than likely these are not the first bet tried at these odds, as a little success here can make you feel like you are printing money with the touch of a mouse click. The potential profit is the profit they would have earned had they won. The sum of these bets accounts for 78% of the casino win for the year.

   Bet/Loss      Prob Win      Pot Profit   
   7,016      96.20%      204.22   
   512      74.33%      169.93   
   512      76.33%      152.06   
   550      78.50%      143.63   
   556      79.50%      136.45   
   256      73.33%      89.62   
   256      73.33%      89.62   
   256      73.33%      89.62   
   256      73.33%      89.62   
   320      79.50%      78.49   
   320      79.50%      78.49   
   219      75.00%      70.00   
   252      78.50%      65.75   
   640      90.00%      64.00   
   230      79.50%      56.48   
   400      88.00%      50.00   
   416      90.00%      41.62   
   395      90.50%      37.10   
   222      86.00%      33.61   
   300      90.00%      30.00   
   300      90.00%      30.00   
   235      90.00%      23.50   
   250      95.00%      10.53   
   210      98.00%      2.14   
                  
   14,880      87.66%      1,836.47   
                     

A total of almost 4 million bitcoins wagered at the beginning of the year produced no profit. All profit of 19000 BTC came from the 1.3 million bitcoins wagered in the latter part of the year.

It is easy to make adjustments after the fact, but I think with a MaxProfit/bet of closer to 100 BTC, and a bankroll of around 20K the site would have made about the same amount of profit. Happier investors because they get a much higher return, and a much less frightening ride.


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June 27, 2014, 07:52:33 PM
 #4608

Well it depends on what the risk actually is, but I'm willing to bet a satoshi that it is not trivial.

I'd bet that you can't find a lawyer who can give you an honest assessment of the risk. I think there is a huge lack of legal precedent.

I also frankly don't think that the Canadian government is going to start with a site that makes less than 20,000 BTC a year. I think that they would go for a big fish first. And until they had passed a law recognizing the value of Bitcoins, I don't think they thought about it.

I didn't say "no risk", but I did say it's not worth just giving up without trying.

This is a huge site in the bitcoin world, there are very few bitcoin sites making 20k+ BTC a year
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June 27, 2014, 08:04:14 PM
 #4609

Well it depends on what the risk actually is, but I'm willing to bet a satoshi that it is not trivial.

I'd bet that you can't find a lawyer who can give you an honest assessment of the risk. I think there is a huge lack of legal precedent.

For sure in some places such betting sites are legal. I know of one in Curaçao for example. Moreover doog could delegate the legalities to some entity or anyone and just figure as technical support/investor/not at all.

For me as investor, the added value was his trustability. I will not invest in any replica of his site managed by an unknown/unknown.
So please doog, keep us updated on your plans so that we can adjust ours.
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June 27, 2014, 08:22:51 PM
 #4610

Hitler finds out Just-Dice is shutting down

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June 27, 2014, 09:42:14 PM
 #4611

There would have to be a way for users to withdraw directly up to the amount they put it. That way everyone is there own dead man switch. Enough with the voting stuff. Don't tell doog what to do with other peoples money.

Does anyone know how to get in touch with this guy?

He hasn't withdrawn his Just-Dice balance yet.

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June 27, 2014, 09:56:43 PM
 #4612

Send him a pm he's still active: "Last Active: June 23, 2014, 05:36:51 PM". He's just not here everyday like some of us.
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June 27, 2014, 09:57:45 PM
 #4613

Code:
23:56:24 (2) <@Deb> maybe i'll make doog take me out, but i expect not since he's on drugs and all
23:56:48 (845916) <chester> dooglus got so depressed about JD closing he took up heroin?
23:56:54 (845916) <chester> good god

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June 27, 2014, 10:42:54 PM
 #4614

R.I.P. Just-dice.

Good service that can proudly say it never lost user's coins. Thx.
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June 28, 2014, 12:06:11 AM
 #4615

List of investors that have split the remaining 0.00000005 BTC:

Code:
  395641 0.000000004411
   333783 0.000000003941
   771150 0.000000003860
   333335 0.000000003682
   597864 0.000000003378
   609381 0.000000003005
   512314 0.000000002998
   320364 0.000000002972
   179565 0.000000002646
   338488 0.000000002644
   834599 0.000000002598
     2643 0.000000002332
   124261 0.000000001852
    11943 0.000000001742
   136591 0.000000001543
   346740 0.000000001309
   801193 0.000000001177
   643939 0.000000001012
    57706 0.000000001000
   328774 0.000000000932
   342935 0.000000000923
   200271 0.000000000821
   306365 0.000000000710
   225641 0.000000000315
    20031 0.000000000277
   235173 0.000000000263
   799644 0.000000000134
    93566 0.000000000105
   800501 0.000000000099
   136319 0.000000000053

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kuji kiri
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June 28, 2014, 12:12:12 AM
 #4616

.....

Those transactions are considered dust and it would not be possible to send them unless Bitcoin value rises significantly.

EDIT: Dooglus is a  Canadian resident so I don't know why you're mentioning the FBI.
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June 28, 2014, 01:01:57 AM
 #4617

I guess it's finally time to divest Sad


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June 28, 2014, 02:14:47 AM
 #4618

R.I.P. Just-dice.

Good service that can proudly say it never lost user's coins. Thx.
u sure? so where does the 1300 coins go

GEMINI ACCOUNT REVIEW - Source of Funds Request
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June 28, 2014, 05:12:00 AM
 #4619

R.I.P. Just-dice.

Good service that can proudly say it never lost user's coins. Thx.

u sure? so where does the 1300 coins go

Is that meant to be a joke?

We've gone over the "1300 coins" story plenty of times already I think. No coins were lost, they never existed. They don't "go" anywhere.

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June 28, 2014, 06:53:54 AM
 #4620

eh. "off-the-book" for all the investors

GEMINI ACCOUNT REVIEW - Source of Funds Request
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