[PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN

[00null]

Actually it seems that no one sells shares because of the very high daily dividend. And I am no exception.

[1714025500]

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[1714025500]

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[1714025500]

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[lemfuture]

is playtin provably fair, can u prove?

[00null]

Yes, they are provably fair. Just click that check-mark button to open that pane. They even have an animation about their shuffling in there.

[playtin]

Actually it seems that no one sells shares because of the very high daily dividend. And I am no exception.

Your observation is correct. There are actually more buyers then sellers. For an investor this situation could be a good opportunity to seize since it is possible to create new shares well below the market value.

is playtin provably fair, can u prove?

In fact we are one of the oldest provably fair casinos.

[addi]

What caused the sudden drop in revenue on the 27th? You have incredible consistent revenue and suddenly it drops around 25% and stays there, again consistently.

If I can say something about SatoshiBet, it's that revenue is all but consistent. I've seen BitcoinVideoCasino's revenue as well, and it follows the same pattern of inconsistency.

There can be a big difference in volume based on time of the month/week, based on the current market, whale activity.. + there is the variance.

[playtin]

Of course the daily revenue is anything but consistent, and quite often negative. But what is used for the dividend calculation is the sliding profit. And while sum(sliding profit)==sum(daily revenue) the single values are of course quite different.

The rationale behind this is to have a more consistent and hence more realistic dividend. There are numerous other casinos out there where investors can gamble on the daily revenue, we are not one of those. You can call us conservative but we prefer that PBBS pays a dividend as stable as possible.

In some sense this is similar to the very safe factors for the bet limits. We are operating with investors money and have thus chosen a very conservative and risk-averse approach. I know that sounds weird coming from a casino operator.

[worhiper_-_]

So I just had a look in Interest payments. Many things are not clear about this.

Is 4.00% an annual rate?

Since the founds are not used for any purposes that would generate profit why are you doing this? Out of the goodness of your heart just to make your users enable 2fA?

The longer you have some funds on site the more often you will earn interest.

Above that you menioned that the interest is paid every 4 hours. How does that make sense?

[playtin]

Is 4.00% an annual rate?

Yes it is annual.

Since the founds are not used for any purposes that would generate profit why are you doing this? Out of the goodness of your heart just to make your users enable 2fA?

There are actually 3 reasons why we have added this.
1) users use bad password, prefer an URL based account and so on. It is always bad when such an account is hacked, both for the user and for the site. We cannot force users to use 2FA but we can give them a reason to do this.
Note: a lot of our users use those URL based accounts, while most probably have a few browser extensions that can access those URLs. This is a time bomb ticking that can be countered by 2FA.
2) We had customers complaining that they get some interest at mcxnow. Well, we did the math and figured that it will not really cost that much.
3) There are certain gambling behaviors that could potentially generate more profit for the site as a result of this. We hope that because of this the net result of paying interest could become a profit for the site - time will tell.

The longer you have some funds on site the more often you will earn interest.

Above that you menioned that the interest is paid every 4 hours. How does that make sense?

Well, since only a small portion of those 4% is paid every 4 hours, you wont reach the whole 4% if you withdraw after a short time.

[playtin]

Status update:
Our bankroll shares program works almost perfectly.
There addition of new shares is slow enough to be sustainable. The 8% (@100 shares) fee seems to do the job as expected.
The only tiny issue is the share price - it is very high, currently at 170%. While that is a bonus for the larger investor, it makes it difficult for small investors to buy shares.
Anyway, the whole shares program is already a huge success and we are looking forward to the future development of it.

[playtin]

Status update:
In the last 3 months a few hundred Bitcoin have been invested. After the latest rounds of large investments finally a huge amount of much needed liquidity was added to the stock trading by those investors and thus cooling down the slightly overheated share trade price. This makes shares again more attractive for small investors.

As a direct result of those investments all bet limits have been doubled compared to 3 months ago.

In other news, Darkcoin trading was recently added as to our coin exchange.

[worhiper_-_]

There is a huge sell wall. Is this you guys selling the new batch of shares?

[playtin]

No, this is just regular trading done by share owners.
We don't sell our own shares because then we would no longer make any profit

[thehun]

Why has the return rate dropped so drastically in the last weeks?

[alani123]

Why has the return rate dropped so drastically in the last weeks?

I'm guessing that it's because of their absence. I have been waiting for a reply for weeks now. I have ~10 DRK that were sent to my address but they never appeared into my wallet. I contacted playtin in the forum but no one has seen my mesage and the problem is still not fixed. People are losing their interest.

[addi]

What's up with the dividends, why is it falling so hard lately. A little bit more communication would be welcome.

[addi]

Seems to be offline now?

[alani123]

Seems to be offline now?

Yup, the website seems unreachable from here as well. Farewell (?) playtin.

[addi]

Seems to be offline now?

Yup, the website seems unreachable from here as well. Farewell (?) playtin.

I really saw them as trustworthy back in the day. I have some invested with them as well. They had a good business going on, I don't see the benefit of scamming. I would guess there is probably not much more then 100-200 BTC invested at the site..

Let's see if this is a temporarily outage first..

[worhiper_-_]

I had goos experiences with them as well but had pulled all my investments away (at a slight profit) right after they stopped replying to messages and stopped being active overall. That's also when dividends prices started declining. Hope people won't get's scammed put of any coins.

[addi]

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