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Author Topic: [Auction] Just-Dice investment account with 479BTC commission-exempt earnings!  (Read 3040 times)
mechs
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December 03, 2013, 08:33:09 AM
 #1

This is a NO RESERVE auction for my Just-Dice investment account which has 478.78 BTC available of commission free earnings.  At the current commission rate of 10%, this represents a maximum possible savings 47.87 BTC on commission payments for investment gains.  Just-Dice is one of the most liquid and trusted investment vehicles in the Bitcoin community.  Be aware this is an investment-only account, meaning gambling with this account is permanently disabled. 

Starting bid will be 4BTC with 0.1BTC increments.  Bidding ends in 3 days on 12/6/2013 at 6AM board time. 

Upon winning, I will send transfer the account by:
1. Sending the google authentication secret to the winner
2. Changing the password to a temporary one of the new winner's choosing
3. Send Dooglus (the OP) a signed message from me indicating the transfer of the account to the new owner

This auction thread and the transfer receipt shall serve as additional proof of transfer of account owner.  Escrow, though unnecessary, is fine. Winner would pay any escrow fees.




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December 03, 2013, 01:51:23 PM
 #2

Maybe this is a stupid question but why are you selling the account? Is it not possible to just withdraw the BTC? I just don't quite understand what this means.
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December 03, 2013, 01:59:08 PM
 #3

Maybe this is a stupid question but why are you selling the account? Is it not possible to just withdraw the BTC? I just don't quite understand what this means.

You can play at JD or invest. If you invest you profit when players lose and the site (Doog) takes a margin on this. Mechs account doesn't have to pay commission on the first 479 BTC in earnings (probably because his huge and frequent bets). He cannot invest anymore because he bankrupted himself as a player on JD.
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December 03, 2013, 03:49:46 PM
 #4

So if this balance is gambled, are the winnings free to withdraw?


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December 03, 2013, 03:51:18 PM
 #5

So if this balance is gambled, are the winnings free to withdraw?

He has a balance of 0. But sure, knock yourself out I guess Smiley
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December 03, 2013, 04:16:01 PM
 #6

So if this balance is gambled, are the winnings free to withdraw?

He has a balance of 0. But sure, knock yourself out I guess Smiley

Oh I see. I misread your previous message and thought the 478 BTC could be played


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December 03, 2013, 06:17:25 PM
 #7

So if this balance is gambled, are the winnings free to withdraw?

He has a balance of 0. But sure, knock yourself out I guess Smiley

Oh I see. I misread your previous message and thought the 478 BTC could be played
There is a 479 BTC investment loss on this account.  As a result, no commissions will be charged on the first 479 BTC of investment profit. You cannot gamble with this account.  For safety, I had Dooglus permanently lock gambling on this account.
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December 04, 2013, 09:36:11 AM
 #8

There is a 479 BTC investment loss on this account.

The investment loss is around 330 BTC.  But commission has been paid up to around +149 BTC of profit.

As a result, no commissions will be charged on the first 479 BTC of investment profit.

This is true.  The next 479 BTC of investment profit will be commission free.

I bid 4 BTC for this account.  That is my only bid.  If beaten, I won't rebid.

Just-Dice                 ██             
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December 04, 2013, 09:37:16 AM
 #9

Bidding ends in 3 days on 12/6/2013 at 6AM board time. 

The board lets me tell it my timezone.  What's the default?  Or what do you mean by 'board time'?

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December 04, 2013, 09:38:07 AM
 #10

Escrow, though unnecessary, is fine. Winner would pay any escrow fees.

I am willing to escrow the trade for free.

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December 04, 2013, 10:34:51 AM
 #11

There is a 479 BTC investment loss on this account.

The investment loss is around 330 BTC.  But commission has been paid up to around +149 BTC of profit.

As a result, no commissions will be charged on the first 479 BTC of investment profit.

This is true.  The next 479 BTC of investment profit will be commission free.

I bid 4 BTC for this account.  That is my only bid.  If beaten, I won't rebid.

Why are you bidding dooglus? If I may ask?

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Legitimate negative trusted member? That's me. Negative trusts came from repaying loans late I kept in contact with LENDERS involved - THOSE LENDERS left neutral/positive trust following resolution.
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December 04, 2013, 10:51:07 AM
 #12

There is a 479 BTC investment loss on this account.

The investment loss is around 330 BTC.  But commission has been paid up to around +149 BTC of profit.

As a result, no commissions will be charged on the first 479 BTC of investment profit.

This is true.  The next 479 BTC of investment profit will be commission free.

I bid 4 BTC for this account.  That is my only bid.  If beaten, I won't rebid.

Why are you bidding dooglus? If I may ask?

Because if someone else wins it & uses the account, Doog gets less commission? Doog seems like a natural person to bid on this.
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December 04, 2013, 10:51:27 AM
 #13

Why are you bidding dooglus? If I may ask?

Two reasons:

1) to help mechs out, making sure he gets at least 4 BTC
2) to save myself some ~40 BTC in lost commission

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December 04, 2013, 11:40:54 AM
 #14

Pretty sure I am going to bid on this, but Mech anyway you could make it contingent on JD being open for at least 1 year or the prorated BTC back?  I assume you are holding these forever right or will it be the Return of the Yolo

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December 04, 2013, 01:04:05 PM
 #15

wow.. I guess someone has a gambling issue?


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Trade101
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December 04, 2013, 01:17:59 PM
 #16

wow.. I guess someone has a gambling issue?

bitcoins weren´t trading at 1000 $ / BTC back when mechs lost big

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Bananery
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December 04, 2013, 01:40:30 PM
 #17

Will bidding time be extended for 5 minutes after the last bid like they do in many other auctions?
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December 05, 2013, 11:58:02 PM
 #18

The end time is 1AM EST tonight. I will extend bidding for 5 minutes from the prior bid for any bids at 1am or later.

The top bid is currently 4 BTC by Dooglus.

Dooglus, thank you for generously agreeing to escrow the winner without charge.

Good luck bidding!
BayAreaCoins
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December 06, 2013, 12:04:36 AM
 #19

The end time is 1AM EST tonight. I will extend bidding for 5 minutes from the prior bid for any bids at 1am or later.

The top bid is currently 4 BTC by Dooglus.

Dooglus, thank you for generously agreeing to escrow the winner without charge.

Good luck bidding!


Mech would you mind addressing the 1 year JD online prorated question I asked above?

mechs
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December 06, 2013, 02:03:37 AM
 #20

No refunds. I would argue though that Dooglus is the most trusted man in bitcoinland so if you going to take a risk with someone, that is the person to take it with.  The only guarantee I can offer is that this is an investment where the odds are provably in your favor.  Variance can be a bitch though.

Auction ends at 1am est which is 4 hours from now.
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