Hey everybody!
I am relatively new to this forum, but not new to crypto. I mined LTC with some AMD cards and then ZEC with my was-then-new 1080 Ti, and that was a lot of fun, and I really loved diving into what makes crypto neat: the community.
Here we go:I have a proposition to put forward, but I am not sure how to do it without sounding like a
total scammzah, so I am here asking for advice. I will give as much information here as possible short of revealing my actual codebase for the program I have.
I'm 37 years old from the Portland, Oregon metro area. I have spent a week of my own time doing some analysis of (don't leave yet! keep reading!) Bustabit and how it functions, how players on it function and did some diving into probabilities. I first played Bustabit about 4 years ago, and have a positive balance of over 65,000 bits on my profile with over 10,000 games played.
Long story short, I have spent the past week learning how to code just for this
and have developed a script that does the whole 12x @ 1.090909 thing but with great finesse. In a nutshell, it does the BaB equivalent of counting cards to remove improbable events (which is as close as I can get to explaining it to the layman.) I have put down about $1000 of my own money into this, and a family member has also invested about the same into it. The script I developed has multiple safeties in it to prevent a surefire apocalypse of losing it all. I would not convince family to do this if I didn't believe it would work. So far it's been running for three days.
Anyway, here comes the issue. The expected rate of return using my script with safeties on is around anywhere from 10% to 70% of
bits invested per
term (a little shorter than 1 month). The more invested, the more returned due to how the script functions to protect. Basically more risk = more reward, but I have done my best to hinder any risk. I understand that asking people if they'd like to invest in me gambling sounds like a scam, so I went to see my financial advisor today—not to ask him how to get people to invest—but for him to take a look at it and see what he thinks. We both underscored the fact that this is gambling, and that there is always a chance (however small) to lose it all. I reiterated that my stops prevent the absolute worst from happening without completely hosing profits. He told me that he was impressed, and he wants to see 6 months of proof of concept before investing. He did say he would invest, however, and that had me very excited!
My question to you guys is this: Should I wait six months to provide proof of concept here, as well, or do you think there would be people interested in investing ahead of that? My plan is to accept all who would like, with a simple fee structure like 3-10% of net profits based on 1/3/6/12/+ month term, 10% gross fee if cashed out before term, etc. Nothing out of the ordinary, simply real genuine investing in my product and belief that my time spent researching and doing probabilities does work. I am keeping books, noting when people enter into the investment, what our current amount invested is and how much to pay each individual investor per term based on their stake. I personally believe in this so much I have invested all of my discretionary money into it as I stated above, without incurring debt. We have our first baby on the way.
Additional questions I am seeking help with:
- Should I share my bustabit account I am working with, and my main account that I am positive on?
- Should I put any maximums or minimums, or permit people to make their own decisions on how much to invest in somebody they don't know?
- What proof of concept would be acceptable? Simulated runs (which I figure are virtually no different from real runs considering the amount of time the game has been running; 5+ years
- Do pictures help?
- Anything else?
Thanks guys.
PS: my script is not for sale.PPS: this site could really use a mobile theme!
