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Author Topic: How safe is it to invest in just-dice  (Read 14036 times)
picolo
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April 27, 2014, 03:32:45 PM
 #1

Hello!

I have been mostly lurking on the forum so I didn't post much but I am not new to Bitcoin Wink

I am looking for informations on just-dice, the owner's name is not public but he seems to be handling his business well, do some trusted members of the community know him?

I try to evaluate the risk of losing an investment on just-dice.


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April 27, 2014, 03:44:51 PM
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Hello!

I have been mostly lurking on the forum so I didn't post much but I am not new to Bitcoin Wink

I am looking for informations on just-dice, the owner's name is not public but he seems to be handling his business well, do some trusted members of the community know him?

I try to evaluate the risk of losing an investment on just-dice.

Just-Dice is one of the most legitimate gambling games out there. It's the first one to be probably fair, so much that you can make your own code. It was also the first to have the investment option. Many users have made money off of the site, including the person who bought the first Bitcoin car.

I've put money in Just-Dice, and gambled it. I never had any issues whatsoever.
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April 27, 2014, 04:07:29 PM
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VERY VERY SAFE, anything could happen, but I think I can say that for another 100 years, dooglus will be trustworthy.
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April 27, 2014, 04:52:15 PM
 #4

Are you talking about how safe it is to invest or would you actually profit?  Because IMO just-dice is safe, but you might still turn up with a loss in investments. 

The owner, dooglus, is a high and respected member of this community Smiley
https://bitcointalk.org/index.php?action=profile;u=3420

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April 27, 2014, 04:55:48 PM
 #5

Doog is great and the likelyhood of him running with the money is zero, but there can still be a silkroad type event where goverment thugs (or private) decide to raid him.

I think Monero (XMR) is very interesting.
https://moneroeconomy.com/faq/why-monero-matters
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April 27, 2014, 06:06:46 PM
 #6

I investigated as well.  Site and owner seem very legit.  I wonder where the site and server and owner are located, in terms of if they're in the US, that could be a risk.  Otherwise the principle could go up and down but should go up given enough time.
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April 27, 2014, 06:11:54 PM
 #7

Just-dice is good.  Played a few rounds.  Earned a few Satoshis.
picolo
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April 27, 2014, 07:06:09 PM
 #8

Thank you for your answers, I am not worried about the short term fluctuations when my investment is ev>0 providing no cheating but I am trying to estimate the risks of losing my investment through an exterior event such as a government raid, the owner dying or fleeing.
The expected rate of return seems sufficient to overcome the risks.


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April 27, 2014, 07:09:19 PM
 #9

It really depends, if a lot of people win, it isn't good for your investment, but if a lot of people lose it is good for your investment.

I think you can trust them, but I don't have much experience with Just-Dice.
Rulishix
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April 27, 2014, 07:55:57 PM
 #10

If you can't trust just-dice then you can't trust any site as they are the oldest and the best in my honest opinion.
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April 27, 2014, 09:33:15 PM
 #11

Since i have gotten into BTC Gambling Just dice was one of the first sites i have gambled with and I have only known them to be fully secure with the bitcoin I have sent them. Always received payments with no problems. Thats my experience.

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April 27, 2014, 09:34:47 PM
 #12

Basic premise is that there will always be risk with any online wallet of any kind unless it uses a trustless system.

Just figure if its worth it to you or not.  If it isn't just go for cold storage.  If it is, do it.

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April 27, 2014, 09:35:51 PM
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As far as the owner's concerned I would say very safe. Of course there's the variance to worry about and the fact that it regards a unlicensed online casino (SEC is pursuing Erik Voorhees for SatoshiDice).

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April 27, 2014, 10:02:29 PM
 #14

As all the others said: you can no doubt trust just dice.

About the rate of interest: This is the graph of their profit in the last 6 months:

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picolo
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April 27, 2014, 10:08:48 PM
 #15

If you can't trust just-dice then you can't trust any site as they are the oldest and the best in my honest opinion.

They have been running from June 20 2013 so not that old but the site seems to be managed quite ok and they have build a lot of trust


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picolo
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April 27, 2014, 10:20:13 PM
 #16

As all the others said: you can no doubt trust just dice.

About the rate of interest: This is the graph of their profit in the last 6 months:


Very nice return, 30% in 6months with compounded interests but reinvesting the interests means you are risking it all.


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picolo
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April 27, 2014, 10:26:39 PM
 #17

As far as the owner's concerned I would say very safe. Of course there's the variance to worry about and the fact that it regards a unlicensed online casino (SEC is pursuing Erik Voorhees for SatoshiDice).

There is always a risk to invest in a company but investing in a new industry, a new company getting a revenue in a new currency (or commodity Tongue) is even riskier, the riskiest is not to invest anywhere and not getting any return or seeing its capital erodes with inflation.


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April 27, 2014, 11:33:31 PM
 #18

Just-dice and doog have a excellent reputation and personally I would say pretty safe. But things happen, think about gox or inputs.io... you should never leave more money than you can afford to lose on any site.

Rulishix
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April 28, 2014, 12:44:36 AM
 #19

Just-dice and doog have a excellent reputation and personally I would say pretty safe. But things happen, think about gox or inputs.io... you should never leave more money than you can afford to lose on any site.

I agree with this wholeheartedly even though I would trust those sites with my whole wallet! Definitely don't put in more than you can afford to lose. That goes for any and every gambling thing you do.
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April 28, 2014, 12:58:20 AM
 #20

I investigated as well.  Site and owner seem very legit.  I wonder where the site and server and owner are located, in terms of if they're in the US, that could be a risk.  Otherwise the principle could go up and down but should go up given enough time.
It's a .com domain - that means it's managed by a US company. (I'm talking about who manages the .com zone, not the site itself)
The Registrar is in the US as well.
Regarding hosting, they're using cloudflare (which is in the US), but I don't know where their server is physically located.

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