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Author Topic: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN  (Read 10967 times)
playtin (OP)
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March 25, 2014, 03:36:47 AM
Last edit: April 05, 2014, 04:31:56 PM by playtin
 #1

Introduction
PLAYTIN is a long-standing Bitcoin casino, we are around since ages. To push our business forward we decided to offer an investment opportunity on bankroll shares to attract more high rollers to our site. Our casino is provably fair and supports instant deposits and withdrawals. We permanently improve our software to ensure the safety and coin stock of our customers. We deem privacy and anonymity a basic human right and so we do not track or store any sensitive customer data like real name, IP address, email address etc. In the last couple month we extended our business offering with additional features such as an online wallet, an alt-coin exchange and asset trading as described below.

This is how it works. There are two actual ways to invest in our casino:
  • you create new PLAYTIN Bitcoin Bankroll Shares (PBBS)
  • you buy shares over the asset trading from other PBBS owners.
So there are two opportunities to earn: first, you buy shares and collect the dividend on a daily bases. Second, you can trade shares in the asset trading section and gain profits from there.
The daily dividend is shown in the history page which can be reached over https://playt.in/#dividends#pbbs

PBBS – PLAYTIN Bitcoin Bankroll Shares
The bankroll consists of shares. Each share has a face value of 1 BTC. All stake limits are tied to the actual number of shares. The corresponding factors are chosen in a way that makes it impossible for the casino to go bankrupt. For detailed information open the PBBS asset details page.

Trading
The trading section of PLAYTIN is a feature which is online since a few weeks. We basically have implemented this feature to have a secure anonymous market for our own PLAYTIN Bitcoin Bankroll Shares (PBBS). Shares can be bought and sold on the market.
There are many requests for building up a secure and anonymous trading place for any kind of investment or papers issued by “anybody”. We will open our platform for third party in the near future. Read our updates for more information.

Exchange
As an answer to customer requests from the past we already implemented a coin exchange into our platform. Currently there are BTC, LTC, NMC, NVC, PPC, XPM and DOGE which can be traded. We may be willing to implement more (major) alt-coins on the trading platform in the future. Just get in touch with us to talk about this issue.

FAQ
Q: Why is there the possibility to create new shares? Will this dilute the profit for each share?
A: More shares enlarge the bankroll and therefore we can go up with the possible stakes in the casino. As you can see in the PBBS asset detail page, the highest possible stakes for each game are automatically tied to the amount of bankroll shares. While more shares lead to less profit on each one, for now, it is more than compensated by the increased profit caused by higher stakes. So in the long run a larger bankroll will lead to higher profits for every share.

Q: Why are we not showing more detailed numbers like revenue, costs, etc.?
A: We know our business. See for yourself in the PBBS dividend history page (https://playt.in/#dividends#pbbs) which payouts were done in the past. This explains more than any kind of fictitious numbers that others may present.

Q: Who are the people behind PLAYTIN?
A: Anonymity is our highest good. We respect that for our customers and for any kind of investor or trader. If we don’t know, we can’t talk and tell to anybody. We protect our customers and therefore we like to be protected too. If you don’t like to invest in PLAYTIN, please don’t. Go and use some other platform, some even claim to already have done due diligence for you.

Q: How will the dividend be paid out?
A: The dividend is paid on a daily basis right after 0:00 UTC. Just check your account.

Q: Will you limit the number of shares?
To protect early investors and prevent unsustainable growth some fee has to be paid when creating new shares.  For detailed information open the PBBS asset details page.

alani123
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March 26, 2014, 06:31:19 AM
 #2

It's great that you've created shares but in my opinion, not everyone is ready to put ~1.4 btc into shares. If we were able to buy a fraction of a share just to expirement and see how it works that would be great.

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playtin (OP)
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March 27, 2014, 04:35:41 PM
 #3

It's great that you've created shares but in my opinion, not everyone is ready to put ~1.4 btc into shares. If we were able to buy a fraction of a share just to expirement and see how it works that would be great.

Excellent point. We have enabled trading of fractional shares.

_mr_e
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March 27, 2014, 07:28:37 PM
 #4

What are you using the money raised from shares for?
playtin (OP)
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March 28, 2014, 01:21:09 AM
 #5

What are you using the money raised from shares for?

When an investor buys a share from some other shareholder it is more or less a zero sum game for the site. The site earns only a 0.1% trading fee from the Bitcoin side of the trade.

If an investor creates new shares the bankroll will be enlarged by whatever number of shares the investor decided to create. This larger bankroll automatically increases all the bet limits, which in turn generates more profit for all shareholders.

MPOE-PR
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March 28, 2014, 09:16:32 PM
 #6

PLAYTIN is a long-standing Bitcoin casino, we are around since ages.

Actually the only thing you've been doing "since ages" is dodging the repeated efforts of others to point out a host of problems with your service.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
playtin (OP)
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March 29, 2014, 12:42:52 AM
 #7

Don't miss the free shares promotion: https://bitcointalk.org/index.php?topic=545849.0

alani123
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March 29, 2014, 04:17:27 AM
 #8

PLAYTIN is a long-standing Bitcoin casino, we are around since ages.

Actually the only thing you've been doing "since ages" is dodging the repeated efforts of others to point out a host of problems with your service.


MPOE-PR excuse me if I'm rude, but there are hundreds of scams out there. playtin doesn't seem to be one of them. If you want to to a job do it right!

There is no need to keep trying to built negative trust for someone that has never scamed bitcoins out of anyone.

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TRY OUR UNIQUE GAMES!
    ◥ DICE  ◥ MINES  ◥ PLINKO  ◥ DUEL POKER  ◥ DICE DUELS   
█▀▀











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MPOE-PR
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March 29, 2014, 12:42:10 PM
 #9

MPOE-PR excuse me if I'm rude, but there are hundreds of scams out there. playtin doesn't seem to be one of them. If you want to to a job do it right!

There is no need to keep trying to built negative trust for someone that has never scamed bitcoins out of anyone.

People who refuse to follow basic business standards yet purport to be running a business, and who desire to handle other people's funds, are to be taken to task, regardless of whether they've already screwed someone over or are merely setting up to do so. This entire "let's be nice until we're all out of money" stance hasn't ended well for anyone, nor is it any sort of stance to get behind.

Being responsible means making the call now, not waiting until it's made for us.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
playtin (OP)
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March 29, 2014, 06:23:44 PM
 #10

PLAYTIN is a long-standing Bitcoin casino, we are around since ages.

Actually the only thing you've been doing "since ages" is dodging the repeated efforts of others to point out a host of problems with your service.


MPOE-PR excuse me if I'm rude, but there are hundreds of scams out there. playtin doesn't seem to be one of them. If you want to to a job do it right!

There is no need to keep trying to built negative trust for someone that has never scamed bitcoins out of anyone.

Don't be too harsh on MPOE-PR, some of the things she wrote in here actually make sense.
Just look around in the Bitcoin world, there are whole exchanges running on VPS, another famous failed one tried to replace half the OS with PHP, some sites promise insane interest without having any real income, most mining investments have a negative ROI or are simply a scam, etc, etc. There are tons of scams all over the place. So it makes sense to be very cautious.
That being said, one of the mistakes that she makes is concentrate to much on the legal and business side, and almost completely ignoring the technical side. For at least half the failed ventures the reason for failing was plain incompetence on the technical side.
So even when she actually don't like our own site, some parts of her postings still make sense. And she can look cute too, if those pictures were actually real...

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March 31, 2014, 05:18:58 AM
 #11

Where is the wallet and the trading platform for shares? I did not able to find it.
playtin (OP)
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March 31, 2014, 11:05:31 AM
 #12

Where is the wallet and the trading platform for shares? I did not able to find it.

Click on "change mode" and then select "trading" in the dialog

aBitCoinMyHead
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April 04, 2014, 09:39:07 PM
 #13

I would be interested in a group invest. Plz get me any info on PN.
I already have some shares, the payment is absolutely correct.

I would spend another 5 to 10 coins if the investment is big enough to cut down the fee.
alani123
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April 04, 2014, 10:52:24 PM
 #14

Care to explain what Rate* in the divedend history means? I can't really understand what it is and how it's calcuated.

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 Duelbits 
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TRY OUR UNIQUE GAMES!
    ◥ DICE  ◥ MINES  ◥ PLINKO  ◥ DUEL POKER  ◥ DICE DUELS   
█▀▀











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playtin (OP)
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April 05, 2014, 01:44:07 AM
 #15

Care to explain what Rate* in the divedend history means? I can't really understand what it is and how it's calcuated.
A shareholder requested that for whatever reason. So we added it. The * means that it has a footnote. Scroll down to the bottom to see it. In the next update we will try to make this somehow more obvious.

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April 13, 2014, 10:24:37 PM
 #16

We are proud to announce that on yesterdays daily dividend payment we reached slightly over 4 mBTC per share.
Full history data here: https://playt.in/#dividends#pbbs

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May 03, 2014, 01:51:45 PM
 #17

Shares are currently traded at 1.7 while "production costs" are only 1.08. This is a very huge spread...

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May 03, 2014, 03:18:50 PM
 #18

Where exactly are the shares traded ?
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May 03, 2014, 08:21:49 PM
 #19

There is a trading section on https://playt.in
You have to click "change mode" to reach it.

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May 03, 2014, 08:54:33 PM
 #20

There is a trading section on https://playt.in
You have to click "change mode" to reach it.

This seems like a brilliant idea and completely impossible for them to manipulate prices.
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