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SlickTheNick (OP)
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January 03, 2014, 06:07:35 PM |
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What is the point of the coin reset? Just to make more money or something? Because you guys already profit from each transaction, and shouldn't the priced reduction after a certain time period take care of the coin not resetting or whatever?
I played it a couple of times, I would play more if there was no reset chance.
Actually, I would make more money off of each transaction if there was no resets.. since the higher the price of each coin = higher profit for each player = higher profit for me. The problem is that the prices would quickly get way too high for most people to play, since most people probably arnt going to drop several hundred $ worth of BTC on a game, especially if they havnt played before and don't already know that its legit. The price reductions dont come into effect until 48 hours of no one playing, and only occur every 12 hours after. So essentially what would happen is everything would keep going up in price, and then basically come to a complete stand still for several days until the price is lowered enough to become affordable again, but even then it would pretty much still cut out anyone who wants to play with small amounts (say, >= 0.001 ). That would be pretty lame if you ask me also, just to clarify, when a coin is reset, no extra profit is made for me. The majority of it is just used to pay out the previous player. The exception to this is if there is no previous player (i.e, you were the first person to buy the coin since the last reset), in which case the house keeps the bet. This rarely happens though, with the exception of the magic coin, since it has a much higher chance to reset than others (50%), but the starting bet for magic coin is also only 0.000055 |
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jeffthebaker
Legendary
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Activity: 1526
Merit: 1034
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January 04, 2014, 01:00:19 AM |
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Well now I understand why the resets are in place, but the ratios for me are just too high. Why would anyone by the gold or silver coin? For example, the gold coin gives a %10 profit, but a 15% chance to lose your bet, I don't see why anyone would do that. Surely the reset percentage could be lowered, or I would even rather have a 24 hour window to resell my coin and lose my ENTIRE bet after that window is up. If you guys don't even make an extra profit from the reset trigger, I'm sure there can be a better way to keep the bets resetting every so often. without the aid of the reset trigger. Because for me, and probably many other people, the only reason why I'm not playing, is because the reset chance is just too scary for me.
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SlickTheNick (OP)
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January 04, 2014, 02:21:24 AM |
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Well now I understand why the resets are in place, but the ratios for me are just too high. Why would anyone by the gold or silver coin? For example, the gold coin gives a %10 profit, but a 15% chance to lose your bet, I don't see why anyone would do that. Surely the reset percentage could be lowered, or I would even rather have a 24 hour window to resell my coin and lose my ENTIRE bet after that window is up. If you guys don't even make an extra profit from the reset trigger, I'm sure there can be a better way to keep the bets resetting every so often. without the aid of the reset trigger. Because for me, and probably many other people, the only reason why I'm not playing, is because the reset chance is just too scary for me.
fair enough. to be honest iv mostly just been playing around with the numbers to try and find what works best. Havnt changed it in a while though. Any specific suggestions on what some of the reset / ROI ratios should be? Im open to changing them. Id love to get some people actually playing the diamond coin to, its the only one that has never been bought  |
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SlickTheNick (OP)
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January 05, 2014, 03:26:46 AM |
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what if the ROI on each coin was say like.. double the reset chance? so 10% reset chance would get you 20% return on your investment? Or maybe 15%?
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jeffthebaker
Legendary
Offline
Activity: 1526
Merit: 1034
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January 05, 2014, 09:57:14 PM |
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If you made the ROI double of the reset chance I think that would be a really good idea. I haven't looked into the numbers myself but if you really do profit more when it doesn't reset I don't see a reason to not make the reset % at like 5 and the ROI at 25 or 30. If large increases from transaction to transaction is a problem you could decrease the profit house-end which would allow for more transactions and although you may not make as much in the short run it might actually be beneficial in the long run.
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SlickTheNick (OP)
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January 09, 2014, 08:28:21 AM |
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Ok I have now updated pretty much all the coins to a) have a lower chance to reset (less chance to straight up lose your money), and b) higher ROIs on most coins. Prices will go up quite a bit faster, but there will also be alot more profit made each time. For instance good luck coin now gives a 15% return on investment at a 1% chance to reset, instead of just a 2.5% return.
any feedback appreciated
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Kyraishi
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January 17, 2014, 05:23:17 PM |
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site down,  |
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SlickTheNick (OP)
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February 12, 2014, 04:14:57 PM |
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Hello everyone
Finally got a site upgrade launched!
We are now accepting Bitcoins, Litecoins, Casino Coins and Dogecoins! The home page is now organized into different tabs based on which currency you want to use. 26 coins available to play now! There are also 2 new jackpots, one for Casino Coin (CSC) and one for Dogecoin (DOGE).
Check us out! Also any suggestions or issues with the site upgrade, im all ears.
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SlickTheNick (OP)
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February 24, 2014, 05:51:03 AM |
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Lots of Dogecoin players, very nice!
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SlickTheNick (OP)
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March 25, 2014, 03:13:28 AM |
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BTC, CSC, DOGE and LTC games all active. things are picking up, come join in! Best method is to get a small group going on chat buying out coins from eachother
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mem
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March 25, 2014, 03:19:49 AM |
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this game and all chain games are not provably fair.
This game is basically a scam, it is not considered gambling.
The results you see are provable yes, but the game is not provably fair.
Basically these scams work like so:
1) You can by 1 magnificent turd for 0.01 BTC, look at how the stink lines rise and the flies hover.
2) Derp derp derpity do, you just gave us money, now the turd stinks even more and costs 0.02 BTC for the next sucker to buy it.
3) Oh no, where you the only last human to play this game (all other bets are run by bots controlled by site owner).
4) Oh noooooo, the timer reset - after a busy day of bots players pushing the price up it magically stopped with you.
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SlickTheNick (OP)
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March 25, 2014, 03:33:41 AM |
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this game and all chain games are not provably fair.
This game is basically a scam, it is not considered gambling.
The results you see are provable yes, but the game is not provably fair.
Basically these scams work like so:
1) You can by 1 magnificent turd for 0.01 BTC, look at how the stink lines rise and the flies hover.
2) Derp derp derpity do, you just gave us money, now the turd stinks even more and costs 0.02 BTC for the next sucker to buy it.
3) Oh no, where you the only last human to play this game (all other bets are run by bots controlled by site owner).
4) Oh noooooo, the timer reset - after a busy day of bots players pushing the price up it magically stopped with you.
im going to guess you did not bother reading up anything on how the site works at all? Your argument says absolutely nothing. All money that is sent to the site with the exception of the money played first in the chain is immediately paid out to whoever the previous player was. Even on the first turn, the money is either refunded if no one ends up playing after X amount of time, or it ends up getting paid out. Yes, I do take a cut out of the money that gets passed back and forth, but if I didnt then what would be the point in running the website? Half of that cut is also used to pay affiliate advertisers and fund the jackpot. There is no timer that resets. If you start a game off and no one plays, you get your money back. If someone else does play and the chain is started, and then everyone stops playing for multiple days, then all that happens is your bet value is lowered a bit every 12 hours until somebody buys in again, so you will always get at least something back. The game can be randomly reset by your bet though (which is the part that is provably fair), which is where the gambling aspect comes in to play (besides hoping someone else will buy in). Otherwise the prices would just keep going up and it would grind to a halt. Or in other words... THIS GUY HAS NO IDEA WHAT HE IS TALKING ABOUT AND MY TEXT IS BIGGER |
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mem
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March 25, 2014, 03:38:43 AM |
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Thank you for confirming you are operating a scam. 1) You can by 1 magnificent turd for 0.01 BTC, look at how the stink lines rise and the flies hover. 2) Derp derp derpity do, you just gave us money, now the turd stinks even more and costs 0.02 BTC for the next sucker to buy it. 3) Oh no, where you the only last human to play this game (all other bets are run by bots controlled by site owner). 4) Oh noooooo, the timer reset no human player with a working brain wants to buy your turd but it was busy day of bots players pushing the price up it magically stopped with you. ITS A SCAAAAAAAAAM |
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SlickTheNick (OP)
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March 25, 2014, 03:45:52 AM |
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trolls gonna troll I guess. You have made absolutely zero argument as to how my method of processing bets and the system in general is unfair. "just by how the rules work" lol are you joking?
If you look earlier in this thread you will see actual legitimate concerns on the betting algorithm, which has since been addressed and no one has confronted me once since about a flaw that makes it provably un-fair. Im all ears if you actually have a real concern. All you are saying is a bunch of bullshit gibberish about turds that makes no sense.
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SlickTheNick (OP)
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March 25, 2014, 03:48:13 AM |
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lol alright man, great to know you are one of the ones contributing to making this community the overall shit hole that it is. great job. Nice investigative skills |
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mem
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March 25, 2014, 04:09:32 AM |
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lol alright man, great to know you are one of the ones contributing to making this community the overall shit hole that it is. great job. Nice investigative skills lol, the scammer attacks the reviewer for his bad review. Anyway, here is the scammer revealed in all his repulsiveness: The onus is on you to bear the proof man His provably fair claims are dismissed due to being quite obviously not provable fair (see thread here for a very clear example: https://bitcointalk.org/index.php?topic=529547.0 ) so then he insists the burden of proof is on me. Its quite simple folks, if you cannot prove its fair it is not "provably fair". Its not a case of throwing a little tantrum like SlickThe Dick here is - you back up your claims or STFU. |
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SlickTheNick (OP)
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March 25, 2014, 04:31:34 AM |
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ugh, this is getting silly. Could really use a mod to back me up here, this is pretty blatantly retarded. Nice going spamming the forums, I hope it just drives some more traffic to my site.
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mem
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March 25, 2014, 04:53:57 AM |
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ugh, this is getting silly. Could really use a mod to back me up here, this is pretty blatantly retarded. Nice going spamming the forums, I hope it just drives some more traffic to my site.
cant back up your claims of provably fair so you go running to a moderator ? Pretty pathetic for a casino operator. All you have to do is explain how you are "Provably Fair" or admit you were mistaken (more likely a scammer) and stop claiming "Provably Fair". |
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