BitDice.me - UPGRADED TO V3, MOVE YOUR STATS!

[tucenaber]

I invested a little to check this site out, and I while it seems well designed and also work alright, there is a question about the bankroll.

The site doesn't say explicitly what exact amount it is, but you can get it from the max profit - which is 37.618012 at this moment. This implies a bankroll of 3761 BTC.
Calculating backwards from my own investment percentage gives me roughly the same answer.

The problem is that the proof of reserves you have here only contain the money from outside investors 808.84321993. (95% of it)

I'd like too see proof that you actually possess the missing 2900 BTC.

If you don't actually own that money, your investors take a lot higher risk than they realize.

[BayAreaCoins]

In this transaction
188oB1TR6gNXxzyxJCyck9BHkU4dBMVmVg sends btc directly to bitdice.me coldwallet.

both last 2 transactions 1 day before the D.N heist...

In regards to the Dice.Ninja theft.

[edmundduke]

I invested a little to check this site out, and I while it seems well designed and also work alright, there is a question about the bankroll.

The site doesn't say explicitly what exact amount it is, but you can get it from the max profit - which is 37.618012 at this moment. This implies a bankroll of 3761 BTC.
Calculating backwards from my own investment percentage gives me roughly the same answer.

The problem is that the proof of reserves you have here only contain the money from outside investors 808.84321993. (95% of it)

I'd like too see proof that you actually possess the missing 2900 BTC.

If you don't actually own that money, your investors take a lot higher risk than they realize.

From what i know the max profit is 1% of the bankroll by default. BUT!
The site also has a x Kelly option. Im assuming you know what it means and how it changes the max profit.

Investors who invest a large enough sum can request a custom x Kelly from the admin from what i have heard. (P.S When you click on the investment you see the x Kelly there)
Im pretty sure quite a few investors are trying the x Kelly

[tucenaber]

From what i know the max profit is 1% of the bankroll by default. BUT!
The site also has a x Kelly option. Im assuming you know what it means and how it changes the max profit.

Investors who invest a large enough sum can request a custom x Kelly from the admin from what i have heard. (P.S When you click on the investment you see the x Kelly there)
Im pretty sure quite a few investors are trying the x Kelly

I had no idea you could change that. Thank you.

That means the average investor "kelly number" is 4.7 %! Either some investors are really stupid or the number is wrong. We have no way of knowing.

[edmundduke]

From what i know the max profit is 1% of the bankroll by default. BUT!
The site also has a x Kelly option. Im assuming you know what it means and how it changes the max profit.

Investors who invest a large enough sum can request a custom x Kelly from the admin from what i have heard. (P.S When you click on the investment you see the x Kelly there)
Im pretty sure quite a few investors are trying the x Kelly

I had no idea you could change that. Thank you.

That means the average investor "kelly number" is 4.7 %! Either some investors are really stupid or the number is wrong. We have no way of knowing.

Well im sure admin will tell the % of some investors, as long as they allow it. But i think some of them have kelly x10 but no other way of asking (you can do it by emailing the admin)

As for the "stupid part" it is not more stupid than investing in general. Higher risk higher reward, it is exactly the same as investing more on 1% bankroll with the only difference that you do not need to deposit as many coins . Making it safer to a degree.

[dogedice.me]

Well, I already told in email.

Yes. We have investor with 300BTC who sets kelly x10. One (small one) with x3, all the rest with 1x.

[dogedice.me]

In this transaction
188oB1TR6gNXxzyxJCyck9BHkU4dBMVmVg sends btc directly to bitdice.me coldwallet.

both last 2 transactions 1 day before the D.N heist...

In regards to the Dice.Ninja theft.

I've read DN topics, AKC lost ~400BTC on BitDice and I moved funds to coldwallet.

[tucenaber]

So, as a follow up. I suggest bitdice.me publish a weekly (anonymized) list of investors together with the invested amounts and their risk (kelly). That's what just-dice did.

Since the total amounts should add up to the invested amount on the website, and the amounts multiplied with the kelly percentages should add up to the bankroll edit: well, max payout to be exact.

That way each investor can check that their amount is in the list and the community can be reasonable sure that the accounting is done correctly.

[dogedice.me]

So, as a follow up. I suggest bitdice.me publish a weekly (anonymized) list of investors together with the invested amounts and their risk (kelly). That's what just-dice did.

Since the total amounts should add up to the invested amount on the website, and the amounts multiplied with the kelly percentages should add up to the bankroll.

That way each investor can check that their amount is in the list and the community can be reasonable sure that the accounting is done correctly.

Nice idea, will do it later today. At least I can bump the thread once in a while

[tucenaber]

From what i know the max profit is 1% of the bankroll by default. BUT!
The site also has a x Kelly option. Im assuming you know what it means and how it changes the max profit.

Investors who invest a large enough sum can request a custom x Kelly from the admin from what i have heard. (P.S When you click on the investment you see the x Kelly there)
Im pretty sure quite a few investors are trying the x Kelly

I had no idea you could change that. Thank you.

That means the average investor "kelly number" is 4.7 %! Either some investors are really stupid or the number is wrong. We have no way of knowing.

Well im sure admin will tell the % of some investors, as long as they allow it. But i think some of them have kelly x10 but no other way of asking (you can do it by emailing the admin)

As for the "stupid part" it is not more stupid than investing in general. Higher risk higher reward, it is exactly the same as investing more on 1% bankroll with the only difference that you do not need to deposit as many coins . Making it safer to a degree.

Yes, I take the stupid part back It's actually not stupid at all! It let's you deposit way less than you otherwise had to, and lower your couterparty risk.

This is actually an awesome feature! Why don't you advertise it more?

[dogedice.me]

From what i know the max profit is 1% of the bankroll by default. BUT!
The site also has a x Kelly option. Im assuming you know what it means and how it changes the max profit.

Investors who invest a large enough sum can request a custom x Kelly from the admin from what i have heard. (P.S When you click on the investment you see the x Kelly there)
Im pretty sure quite a few investors are trying the x Kelly

I had no idea you could change that. Thank you.

That means the average investor "kelly number" is 4.7 %! Either some investors are really stupid or the number is wrong. We have no way of knowing.

Well im sure admin will tell the % of some investors, as long as they allow it. But i think some of them have kelly x10 but no other way of asking (you can do it by emailing the admin)

As for the "stupid part" it is not more stupid than investing in general. Higher risk higher reward, it is exactly the same as investing more on 1% bankroll with the only difference that you do not need to deposit as many coins . Making it safer to a degree.

Yes, I take the stupid part back It's actually not stupid at all! It let's you deposit way less than you otherwise had to, and lower your couterparty risk.

This is actually an awesome feature! Why don't you advertise it more?

I will soon, I just implemented it ( week ago ), it's still under review. I need to know from what amount I will allow to change it, as users who don't have much will lose everything pretty quickly, so at the moment I think about proof of funds for at least 100BTC to allow this change.

[tucenaber]

This is actually an awesome feature! Why don't you advertise it more?

I will soon, I just implemented it ( week ago ), it's still under review. I need to know from what amount I will allow to change it, as users who don't have much will lose everything pretty quickly, so at the moment I think about proof of funds for at least 100BTC to allow this change.

That is more or less the way I have imagined implementing something like this myself. You could also keep kelly at 1% for all but base it on a proof of ownership instead of an actual deposit. This is a bit more complicated though. Let's say you demand 10% to be deposited, or 5% or even 1%. The investor would only need to deposit more if his actual deposit reaches zero, or otherwise be auto divested.

Anyway it's great to see some actual innovation for a change. Good luck!

[dogedice.me]

Invested info with Kelly level:

PS: Total amount is: 860.9103212818

Code:

323.3424080619    10
249.8881981586    1
146.7033711919    1
82.3783590852    1
30.1855716302    1
10.0786226722    1
6.2467537964    3
5.0469338957    1
2.0157588309    1
1.4257787196    1
1.0084944998    1
0.9997288744    1
0.4477338099    1
0.2504415431    1
0.2147949360    1
0.1171006375    1
0.1103435051    1
0.1003820109    1
0.1002196373    1
0.0651226700    1
0.0587776796    1
0.0559301949    1
0.0529537023    1
0.0131775870    1
0.0017305236    1
0.0010454534    1
0.0004672885    1
0.0000720813    1
0.0000304539    1
0.0000117786    1
0.0000025464    1
0.0000007479    1
0.0000007219    1
0.0000005755    1
0.0000005152    1
0.0000004318    1
0.0000004227    1
0.0000003635    1
0.0000000388    1
0.0000000084    1

[omahapoker]

nice bump in BTC. comgrats Alex


I have bitdice.me invest bump as daily headline at CBI

[dogedice.me]

nice bump in BTC. comgrats Alex


I have bitdice.me invest bump as daily headline at CBI

Thanks. Slowly climbing to the moon

[tucenaber]

Very quick response with the list, there. Very nice

[dogedice.me]

And now we have BIGGEST max profit among all dice sites!

[BBmmBB]

In this transaction
188oB1TR6gNXxzyxJCyck9BHkU4dBMVmVg sends btc directly to bitdice.me coldwallet.

both last 2 transactions 1 day before the D.N heist...

In regards to the Dice.Ninja theft.

I've read DN topics, AKC lost ~400BTC on BitDice and I moved funds to coldwallet.

sureeeeeee he did !!!!  

[imp0ster]

In this transaction
188oB1TR6gNXxzyxJCyck9BHkU4dBMVmVg sends btc directly to bitdice.me coldwallet.

both last 2 transactions 1 day before the D.N heist...

In regards to the Dice.Ninja theft.

I've read DN topics, AKC lost ~400BTC on BitDice and I moved funds to coldwallet.

To confirm, In this transaction you received a 30 btc deposit from AK right?

[dogedice.me]

In this transaction
188oB1TR6gNXxzyxJCyck9BHkU4dBMVmVg sends btc directly to bitdice.me coldwallet.

both last 2 transactions 1 day before the D.N heist...

In regards to the Dice.Ninja theft.

I've read DN topics, AKC lost ~400BTC on BitDice and I moved funds to coldwallet.

To confirm, In this transaction you received a 30 btc deposit from AK right?

Well, I've checked this transaction and this deposit doesn't belong to AKC.