boumalo
Legendary
Offline
Activity: 1918
Merit: 1018
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June 25, 2014, 10:00:10 PM |
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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 |
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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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kuji kiri
Newbie
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Activity: 9
Merit: 0
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June 26, 2014, 12:09:28 AM |
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Sad to see Just-Dice go. The idea to allow users to be the house was, and is, truly innovative.
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Bizmark13
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June 26, 2014, 12:11:30 AM |
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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.
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julz
Legendary
Offline
Activity: 1092
Merit: 1001
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June 26, 2014, 01:59:15 AM |
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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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@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 26, 2014, 03:02:43 AM |
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Only see a balance of 0.00000005 satoshi in the investment panel So farewell for now JD until we meet again
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Believing in Bitcoins and it's ability to change the world
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PacoMartin
Member
Offline
Activity: 70
Merit: 10
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June 26, 2014, 05:54:47 AM Last edit: June 26, 2014, 12:43:30 PM by PacoMartin |
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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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Wine loved I deeply, dice dearly -Shakespeare
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AcoinL.L.C
Legendary
Offline
Activity: 1036
Merit: 1000
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June 27, 2014, 07:52:33 PM |
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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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conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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June 27, 2014, 08:04:14 PM |
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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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dooglus (OP)
Legendary
Offline
Activity: 2940
Merit: 1333
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June 27, 2014, 09:42:14 PM |
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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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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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kuji kiri
Newbie
Offline
Activity: 9
Merit: 0
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June 27, 2014, 09:56:43 PM |
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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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infested999
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June 27, 2014, 09:57:45 PM |
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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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ondratra
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June 27, 2014, 10:42:54 PM |
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R.I.P. Just-dice.
Good service that can proudly say it never lost user's coins. Thx.
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infested999
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June 28, 2014, 12:06:11 AM Last edit: June 28, 2014, 12:36:03 AM by infested999 |
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List of investors that have split the remaining 0.00000005 BTC: 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
Newbie
Offline
Activity: 9
Merit: 0
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June 28, 2014, 12:12:12 AM |
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.....
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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infested999
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June 28, 2014, 01:01:57 AM |
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I guess it's finally time to divest
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001sonkit
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June 28, 2014, 02:14:47 AM |
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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
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GEMINI ACCOUNT REVIEW - Source of Funds Request
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dooglus (OP)
Legendary
Offline
Activity: 2940
Merit: 1333
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June 28, 2014, 05:12:00 AM |
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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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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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001sonkit
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June 28, 2014, 06:53:54 AM |
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eh. "off-the-book" for all the investors
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GEMINI ACCOUNT REVIEW - Source of Funds Request
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