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Author Topic: How safe is it to invest in just-dice  (Read 13606 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
 #2

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
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Just-dice is good.  Played a few rounds.  Earned a few Satoshis.
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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.
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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
 #13

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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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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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.

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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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April 28, 2014, 05:41:05 AM
 #21

Not sure where the server is physically located, but I do know doog is from Canada, and is very trustworthy. Haven't had a single issue from this site, and I've been gambling there for months now.

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April 28, 2014, 06:35:32 AM
 #22

It's very safe, they have set up an emergency withdrawal address and everything. "Emergency meaning that if anything happens to the owner all your investments and amount in your account from the cold wallet will be automatically transferred to your address if anything were to happen".

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April 28, 2014, 06:39:51 AM
 #23

I've heard of this before but how do I go about investing in Just Dice? Link?
Thanks

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April 28, 2014, 07:19:07 AM
 #24

I've heard of this before but how do I go about investing in Just Dice? Link?
Thanks

Just-dice.com

I think Monero (XMR) is very interesting.
https://moneroeconomy.com/faq/why-monero-matters
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April 28, 2014, 07:30:55 AM
 #25

I've heard of this before but how do I go about investing in Just Dice? Link?
Thanks

Just-dice.com
Go to 'deposit' and send btc to the given address. After one confirmation, the bitcoins will appear on your balance.
Go to the tab'invest'. Go to 'edit'. Here you can invest some of your bitcoins.

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April 28, 2014, 09:43:20 AM
 #26

On the site, the "invested" amount is currectly at 36,085.
So the total bankroll would be that 36,085 + original funds from owners?

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May 01, 2014, 08:26:35 PM
 #27

On the site, the "invested" amount is currectly at 36,085.
So the total bankroll would be that 36,085 + original funds from owners?

The bankroll is the amount stated on the website, the owners take a 10% cut on profits


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May 01, 2014, 08:31:32 PM
 #28

What is the monthly incentive for investing in the site?

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May 01, 2014, 08:31:35 PM
 #29

On the site, the "invested" amount is currectly at 36,085.
So the total bankroll would be that 36,085 + original funds from owners?

The bankroll is the amount stated on the website, the owners take a 10% cut on profits
Does this mean the owners have invested 0 BTC into the site's bankroll?

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May 01, 2014, 09:16:06 PM
 #30

On the site, the "invested" amount is currectly at 36,085.
So the total bankroll would be that 36,085 + original funds from owners?

The bankroll is the amount stated on the website, the owners take a 10% cut on profits
Does this mean the owners have invested 0 BTC into the site's bankroll?

No. I'm pretty sure Doog started the site with 100BTC, though, I'm not sure if he still has it in the site.
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May 01, 2014, 10:00:48 PM
 #31

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.

You would think the government agencies would shut it down


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May 02, 2014, 06:35:53 AM
 #32

It's the first one to be probably fair

While I do like just dice what your stating here is false.

Just dice.... is perhaps the ~25th to 50th bitcoin gambling site to be provably fair.

There first few are the original bitcoin lotto (good turned scam and now offline) or bitcoin darts (still plugging along Cheesy) closely followed by satoshidice.

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

Yes, and prior to that doog was incredible helpful in reviewing gambling sites for my list and also would generate his satoshidice profit graphs.

As far as trusting doog to handle your money safely, well so far so good Smiley

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May 04, 2014, 05:36:44 PM
 #33

It's the first one to be probably fair

While I do like just dice what your stating here is false.

Just dice.... is perhaps the ~25th to 50th bitcoin gambling site to be provably fair.

There first few are the original bitcoin lotto (good turned scam and now offline) or bitcoin darts (still plugging along Cheesy) closely followed by satoshidice.

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

Yes, and prior to that doog was incredible helpful in reviewing gambling sites for my list and also would generate his satoshidice profit graphs.

As far as trusting doog to handle your money safely, well so far so good Smiley

Thank you for the feedback, it was on a public forum and only a year ago but it was forgotten and people speculate

The risk involved in investing in Just-D is good because it is the reason why the rate of return is high


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May 04, 2014, 06:39:12 PM
 #34

Can you please lock this topic as its been resolved? thanks  Smiley
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May 04, 2014, 07:12:36 PM
 #35

I tend to always be on the loosing end when it comes to investing in any type of gambling site. I'd stay away from it as much as possible.
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May 09, 2014, 12:57:41 PM
 #36

I tend to always be on the loosing end when it comes to investing in any type of gambling site. I'd stay away from it as much as possible.

Can you elaborate? Where did you invest?


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May 09, 2014, 01:46:34 PM
 #37

It's very safe, they have set up an emergency withdrawal address and everything. "Emergency meaning that if anything happens to the owner all your investments and amount in your account from the cold wallet will be automatically transferred to your address if anything were to happen".

cold wallet + automatically transferred? i see a contradiction here.

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May 09, 2014, 05:24:16 PM
 #38

It's very safe, they have set up an emergency withdrawal address and everything. "Emergency meaning that if anything happens to the owner all your investments and amount in your account from the cold wallet will be automatically transferred to your address if anything were to happen".

cold wallet + automatically transferred? i see a contradiction here.

Cold storage but it can be plugged in and transferred automatically once plugged in if needed


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May 09, 2014, 08:20:02 PM
 #39

It's very safe, they have set up an emergency withdrawal address and everything. "Emergency meaning that if anything happens to the owner all your investments and amount in your account from the cold wallet will be automatically transferred to your address if anything were to happen".

cold wallet + automatically transferred? i see a contradiction here.
They have a large cold wallet (14o7zMMUJkG6De24r3JkJ6USgChq7iWF86) and several small hot wallets.

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May 27, 2014, 08:05:20 PM
 #40

Can you please lock this topic as its been resolved? thanks  Smiley

It can be an ongoing discussion Wink


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May 27, 2014, 08:06:41 PM
 #41

When I was researching investing, just-dice was my #1 choice in terms of transparency and reputation of the admin.  Guess you can certainly put it above everydice now. 
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May 27, 2014, 08:09:01 PM
 #42

You don't need to worry about JD's legitimacy. I know of people who've invested 1000 BTC into the site.
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May 27, 2014, 08:18:58 PM
 #43

You don't need to worry about JD's legitimacy. I know of people who've invested 1000 BTC into the site.

I'm not saying JD is not good.

But just people put in a lot of money doesn't prove anything, think about Bernard Madoff


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May 27, 2014, 08:46:50 PM
 #44

Its very safe to put it into Just-dice. However, if he dies I don't know if there is a deadman switch in place. From what I've heard, Doog is kind of a old guy... Wink

.







.
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May 27, 2014, 09:56:59 PM
 #45

I'm going to try Just-Dice, I was unconfident with it but this thread, with all the positive feedbacks, changed my mind  Smiley

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PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
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June 04, 2014, 06:17:21 PM
 #46

one of the old dice sites
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June 04, 2014, 06:19:42 PM
 #47

Safe , and the high volume makes it very very unlikely for a loss.

And as stated and restated , dooglus is trustworthy.

Good luck investing Smiley

Jambola2

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June 06, 2014, 08:08:14 PM
 #48

When the price raised x10 six months ago dooglus didn't close the website so he won't close it when if the price goes x10 very fast again, there are obviously risks involved in investing in JD but the return is very nice


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November 16, 2014, 06:35:29 PM
 #49

It was very safe to invest in just-dice but the site closed Sad

Other options to make really risky investments in Dice sites here : https://bitcointalk.org/index.php?topic=826466.0 but I don't feel comfortable investing in them.


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November 16, 2014, 07:54:19 PM
 #50

It was very safe to invest in just-dice but the site closed Sad

Other options to make really risky investments in Dice sites here : https://bitcointalk.org/index.php?topic=826466.0 but I don't feel comfortable investing in them.

Trying to get signature campaign posts? lol

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PRIMEDICE
The Premier Bitcoin Gambling Experience - PRIMEDICE 3 HAS LAUNCHED @PrimeDice
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November 16, 2014, 08:15:44 PM
 #51

It was very safe to invest in just-dice but the site closed Sad

Other options to make really risky investments in Dice sites here : https://bitcointalk.org/index.php?topic=826466.0 but I don't feel comfortable investing in them.

Trying to get signature campaign posts? lol

So i dont know what you are trying mr primedice.com  Roll Eyes Grin
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November 16, 2014, 08:20:41 PM
 #52

Yea these games do pretty well. Invest in Satoshipop, you can buy it and make your money back in few months!  Cheesy

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November 16, 2014, 08:25:18 PM
 #53

lol, its a cool site.




i lost 0.5 just now. i'll be back
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November 16, 2014, 08:26:29 PM
 #54


Would love to see more of the legit sites allow invest options Smiley

Bitcointalk is my second life (:
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November 17, 2014, 08:24:45 PM
 #55


Would love to see more of the legit sites allow invest options Smiley

Yes, more sites with investment option are always welcome...

 

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November 18, 2014, 01:31:36 AM
 #56

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:

wow good profit
Graph is really beautiful Cheesy

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November 18, 2014, 01:46:06 AM
 #57

If you are looking for some serious investment in a good site.

You might want to check out my sig.

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November 18, 2014, 01:54:52 AM
 #58

It was very safe to invest in just-dice but the site closed Sad

Other options to make really risky investments in Dice sites here : https://bitcointalk.org/index.php?topic=826466.0 but I don't feel comfortable investing in them.

you can be reported for bringing up a dead topic. Don't risk your account for posts
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November 18, 2014, 02:39:24 AM
 #59

dice sites in general are dangerous to invest.

Just dice was an exception, but it is closed now Sad

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King Agamemnon
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November 18, 2014, 02:57:21 AM
 #60

dice sites in general are dangerous to invest.

Just dice was an exception, but it is closed now Sad

What do you think about Win88 Casino's invest feature on dice?
Is my BTC safe there? I got 15 BTC on invest.
Site paid me pretty well too.
Should I continue or withdraw?

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November 18, 2014, 04:14:27 AM
 #61

dice sites in general are dangerous to invest.

Just dice was an exception, but it is closed now Sad

What do you think about Win88 Casino's invest feature on dice?
Is my BTC safe there? I got 15 BTC on invest.
Site paid me pretty well too.
Should I continue or withdraw?

I don't know about Win88.Also it is new for me that they accept investing.

But some giants like Casinobitcoin had problems, so only you can answer your question.

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picolo
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November 19, 2014, 11:27:29 PM
 #62

It was very safe to invest in just-dice but the site closed Sad

Other options to make really risky investments in Dice sites here : https://bitcointalk.org/index.php?topic=826466.0 but I don't feel comfortable investing in them.

you can be reported for bringing up a dead topic. Don't risk your account for posts

Thank you for the advice but it is my post and I wanted to update it, I won't count it for the signature campaign.

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:

wow good profit
Graph is really beautiful Cheesy

I would like to see the graph for the next 6months.


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November 19, 2014, 11:50:16 PM
 #63

dice sites in general are dangerous to invest.

Just dice was an exception, but it is closed now Sad

Well, invested 10 BTC in win88 and its doing well.

I didnt catch JD.

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December 20, 2014, 02:52:57 PM
 #64

dice sites in general are dangerous to invest.

Just dice was an exception, but it is closed now Sad

Well, invested 10 BTC in win88 and its doing well.

I didnt catch JD.

It was very safe to invest in just-dice even if you could have lost your coins in case of a successful hacking, theft, loss of the cold wallet or a government raid.

You probably saw that you can now reinvest in the just-dice bankroll but it is all in CLAM!


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December 20, 2014, 03:06:25 PM
 #65

dice sites in general are dangerous to invest.

Just dice was an exception, but it is closed now Sad

Well, invested 10 BTC in win88 and its doing well.

I didnt catch JD.

It was very safe to invest in just-dice even if you could have lost your coins in case of a successful hacking, theft, loss of the cold wallet or a government raid.

You probably saw that you can now reinvest in the just-dice bankroll but it is all in CLAM!

Yeah. CLAM is a good investment, and with the pwning, it is very good.

Just make sure, you don't get confused with a few people will lot of btc, playing at random coins.

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December 20, 2014, 03:11:25 PM
 #66

dice sites in general are dangerous to invest.

Just dice was an exception, but it is closed now Sad

Well, invested 10 BTC in win88 and its doing well.

I didnt catch JD.

It was very safe to invest in just-dice even if you could have lost your coins in case of a successful hacking, theft, loss of the cold wallet or a government raid.

You probably saw that you can now reinvest in the just-dice bankroll but it is all in CLAM!

Yeah. CLAM is a good investment, and with the pwning, it is very good.

Just make sure, you don't get confused with a few people will lot of btc, playing at random coins.

where can I buy clam ?

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December 20, 2014, 03:13:09 PM
 #67

just dice is the most old but personally i dont invest in gabling
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December 24, 2014, 02:12:37 AM
 #68

Potential investors may want to try with small amounts in the beginning.

Then see how it goes.

That's what I did.

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December 24, 2014, 04:26:14 AM
 #69

where can I buy clam ?

Poloniex (https://www.poloniex.com/exchange#btc_clam) and Cryptsy (https://www.cryptsy.com/markets/view/CLAM_BTC).


Yeah. CLAM is a good investment, and with the pwning, it is very good.

Looks like the hype is over, and the price falls back now.

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December 24, 2014, 06:59:52 AM
 #70

Yeah. CLAM is a good investment, and with the pwning, it is very good.

Looks like the hype is over, and the price falls back now.

The hype isn't over. There are many good reasons, why clam remains attractive. It is just some people who sold it. It will rise again. It just keeps going in a cycle.

I think JD has not even completed 1 month of accepting CLAM. clam is likely to rebound back, as it keeps going up and down.

Price is very volatile and very profitable. JD has a bankroll of 50%+ of total supply which is very good plus.

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December 24, 2014, 07:02:08 AM
 #71

me too like to invest in somewhere but dont know when i click on just dice deposit section i did not get any addy then how they give us profit ?

For e.g if i invest 1 btc then how much i get and after how much time ?!
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December 24, 2014, 08:30:25 AM
 #72

me too like to invest in somewhere but dont know when i click on just dice deposit section i did not get any addy then how they give us profit ?

For e.g if i invest 1 btc then how much i get and after how much time ?!

JD only takes CLAM now, and so you can only invest with CLAM.
How much profit you will get, depends on how (un)lucky the other JD players are.

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December 24, 2014, 10:10:15 AM
 #73

me too like to invest in somewhere but dont know when i click on just dice deposit section i did not get any addy then how they give us profit ?

For e.g if i invest 1 btc then how much i get and after how much time ?!

JD only takes CLAM now, and so you can only invest with CLAM.
How much profit you will get, depends on how (un)lucky the other JD players are.

so it means if the other players are lucky we get -ve profit ?
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December 24, 2014, 10:11:33 AM
 #74

me too like to invest in somewhere but dont know when i click on just dice deposit section i did not get any addy then how they give us profit ?

For e.g if i invest 1 btc then how much i get and after how much time ?!

JD only takes CLAM now, and so you can only invest with CLAM.
How much profit you will get, depends on how (un)lucky the other JD players are.

Updates on JD/CLAM

Current # of dug CLAMS = 385,216
Price at Polinex 0.003 (CLAM/BTC) *$333 (USD/BTC) = $384K Market Cap (** Does not include undug)

JD Wagered - 808101 CLAMs in 18 days * .01 (House Edge) *365 Days = 163864 CLAM a Year Profit for Site
163864*.003*333 = $163701 USD Profit
Doog gets 10% of Profit - Doogs take $16k USD (fees)

Doog's Big take is Stake
1000 CLAM a day staked at JD * 10% = 100 Clam a day *
100*.003*333=$100 USD * 365 = $36500 a year (MORE THAN GAMBLING PROFIT FEES)

This guy just wins MATH







140% in CLAM in a year but if CLAM looses most its value you will lose


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December 24, 2014, 10:41:05 AM
 #75

ah hard to invest in it Tongue

is there any good website to invest Tongue ? not jd not a gambling one !
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December 24, 2014, 01:48:47 PM
 #76

ah hard to invest in it Tongue

is there any good website to invest Tongue ? not jd not a gambling one !

bitfinex


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December 24, 2014, 08:20:16 PM
 #77

CLAM is about to shoot up. less peopel who know, better for me
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December 24, 2014, 09:23:54 PM
 #78

ah hard to invest in it Tongue

is there any good website to invest Tongue ? not jd not a gambling one !

bitfinex

HYIP sites

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December 24, 2014, 10:12:20 PM
 #79

ah hard to invest in it Tongue

is there any good website to invest Tongue ? not jd not a gambling one !

bitfinex

HYIP sites

I don't think there are any safe sites out there. You are probably best holding the bitcoins.

holding bitcoins is also not safe price is going down
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December 25, 2014, 01:26:26 AM
 #80

ah hard to invest in it Tongue

is there any good website to invest Tongue ? not jd not a gambling one !

bitfinex

HYIP sites

I don't think there are any safe sites out there. You are probably best holding the bitcoins.

holding bitcoins is also not safe price is going down

The price is going up it used to be 10$ less than 2 years ago.


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December 25, 2014, 01:08:33 PM
 #81

me too like to invest in somewhere but dont know when i click on just dice deposit section i did not get any addy then how they give us profit ?

For e.g if i invest 1 btc then how much i get and after how much time ?!

JD only takes CLAM now, and so you can only invest with CLAM.
How much profit you will get, depends on how (un)lucky the other JD players are.

so it means if the other players are lucky we get -ve profit ?

Exactly.
If the players are unlucky and lose, the house and investors win. But if the players are lucky and win, the house and investors lose.

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December 25, 2014, 01:10:33 PM
 #82

ah hard to invest in it Tongue

is there any good website to invest Tongue ? not jd not a gambling one !

bitfinex

AFAIK, Bitfinex is an exchange and you can earn a very small interest if you lend your money to those leveraged traders.
It isn't safe as the site could vanish tomorrow, and the interest is way too low IMO.

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December 25, 2014, 01:39:53 PM
 #83

ah hard to invest in it Tongue

is there any good website to invest Tongue ? not jd not a gambling one !

bitfinex

AFAIK, Bitfinex is an exchange and you can earn a very small interest if you lend your money to those leveraged traders.
It isn't safe as the site could vanish tomorrow, and the interest is way too low IMO.

Interest is not that low but you have the risk of losing it all if the site fails entirely. It has been around for a while so it's kind of trustworthy and it is why i suggested it


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December 31, 2014, 04:34:24 AM
 #84

Very Much safe!I have my 1000 Calms invested there.

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December 31, 2014, 04:35:17 AM
 #85

its only safe if they dont shut down and run later on
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December 31, 2014, 04:38:01 AM
 #86

if theres anywhere to invest i trust 3 sites and HD is one of them
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December 31, 2014, 11:44:20 AM
 #87

Very Much safe!I have my 1000 Calms invested there.

Stacking and profit from the players are bringing a nice profit. But the price you paid for CLAM will be crucial in the calculation of your BTC profit.

Since just-dice opened the price of CLAM has fluctuated between 0.002 and 0.01 BTC


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December 31, 2014, 11:45:46 AM
 #88

its only safe if they dont shut down and run later on

Last time they shut down ,they informed the investors and told them to withdraw . So its safe even if they decide to shutdown.
I don't think there are any trust issues with justdice.
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December 31, 2014, 05:57:11 PM
 #89

Very Much safe!I have my 1000 Calms invested there.


how much profit you got after investment

 

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December 31, 2014, 06:08:37 PM
 #90

I think its better then putting anything out there. Everything else I see is some type of ponzi, so I take just-dice any day to invest.

.
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December 31, 2014, 09:10:11 PM
 #91

Just dice is about the safest place to invest, but they only take the CLAM altcoin.

Other sites have investment, I would trust them only for small amounts until you have some confidence in the owner.

Dooglus, the owner of JD, is about as trustworthy as an anonymous person can be.
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December 31, 2014, 09:13:42 PM
 #92

Dooglus is an asshole, he'll eat your children for dinner and steal all their toys if you're not careful (hes a carnivore and not a vegatarian). He one time told us he slapped a baby while he was working as a Santa Claus at the local mall in Canada cause the kid started crying that they probably weren't going to get a barbie jeep. Shame on Dooglus for bashing that child's dream and for bashing the kid physically. But hey the baby probably deserved it right?

@BAC sir I want to buy your coins and your SOUL. Escrow though please for both.

.







.
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December 31, 2014, 09:19:36 PM
 #93

It is not safe. If you bought clams at 0.006 now you are losing 50% of the investment if you want to convert that clams into btc or fiat due to the exchange rate.
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December 31, 2014, 09:20:22 PM
 #94

It is not safe. If you bought clams at 0.006 now you are losing 50% of the investment if you want to convert that clams into btc or fiat due to the exchange rate.

/dig is free

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December 31, 2014, 09:20:57 PM
 #95

Dooglus is an asshole, he'll eat your children for dinner and steal all their toys if you're not careful (hes a carnivore and not a vegatarian). He one time told us he slapped a baby while he was working as a Santa Claus at the local mall in Canada cause the kid started crying that they probably weren't going to get a barbie jeep. Shame on Dooglus for bashing that child's dream and for bashing the kid physically. But hey the baby probably deserved it right?

Also the way I recall it I slapped the rabbit and ate the baby.

@BAC sir I want to buy your coins and your SOUL. Escrow though please for both.

Are you the same KingOfSports who has been gracing us with your words of wisdom in the Just-Dice chat box?

Quote
13:00:39 (990811) <mary beth> FUCK THIS PLACE FUCK THIS WORLD FUCK ALL OF YOU FUCK THIS BULLSHIT FUCK FUCK FUCK THE NEW FUCKING YEAR!
13:01:25 <system> (121) <@Warren> muted (990811) <mary beth> for 9999 seconds
13:04:19 (50298) <KingofSports> MARY BETH WAS ME TO WHOEVER MUTED ME FUCK YOU FUCK YOUR WIFE FUCK YOUR CHILDREN FUCK EVERYTHING IN YOUR LIFE....bay area I'd like to buy your 10 coins, escrow please have them contact me, cash deposit to your account thank you sir. BYE ALL YOU FUCKERS FUCK

I wonder if maybe you need to have a bit of a lie down.

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December 31, 2014, 09:35:04 PM
 #96

It is not safe. If you bought clams at 0.006 now you are losing 50% of the investment if you want to convert that clams into btc or fiat due to the exchange rate.

This is a good point, there are two risks, the veracity of the site operator and the value of the underlying coin.  

However, this risk is present with bitcoin as well, since its price varies versus national currencies such as the USD.

I think the value of the underlying crypto currency is a separate issue though.  As far as things that JD can control, I think they are about as safe as you can find in the crypto currency world these days.

Maybe you can make the point though that if JD shuts down again the value of clams drops a lot since that is the main use for them.  I think they were like 30K satoshi before JD reopened.  That would be some kind of risk specific to JD.

Still, as BAC has pointed out, you can probably dig up some clams for free if you were in crypto back in May and try it for yourself.

Good Luck!
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December 31, 2014, 09:40:10 PM
 #97

Dooglus is an asshole, he'll eat your children for dinner and steal all their toys if you're not careful (hes a carnivore and not a vegatarian). He one time told us he slapped a baby while he was working as a Santa Claus at the local mall in Canada cause the kid started crying that they probably weren't going to get a barbie jeep. Shame on Dooglus for bashing that child's dream and for bashing the kid physically. But hey the baby probably deserved it right?

Also the way I recall it I slapped the rabbit and ate the baby.

@BAC sir I want to buy your coins and your SOUL. Escrow though please for both.

Are you the same KingOfSports who has been gracing us with your words of wisdom in the Just-Dice chat box?

Quote
13:00:39 (990811) <mary beth> FUCK THIS PLACE FUCK THIS WORLD FUCK ALL OF YOU FUCK THIS BULLSHIT FUCK FUCK FUCK THE NEW FUCKING YEAR!
13:01:25 <system> (121) <@Warren> muted (990811) <mary beth> for 9999 seconds
13:04:19 (50298) <KingofSports> MARY BETH WAS ME TO WHOEVER MUTED ME FUCK YOU FUCK YOUR WIFE FUCK YOUR CHILDREN FUCK EVERYTHING IN YOUR LIFE....bay area I'd like to buy your 10 coins, escrow please have them contact me, cash deposit to your account thank you sir. BYE ALL YOU FUCKERS FUCK

I wonder if maybe you need to have a bit of a lie down.

Wow, those people sound unhappy...

Get off my c@ck !
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December 31, 2014, 10:03:03 PM
 #98

it is one and only site that accept CLAMS and it should be backed by or related to developer of clamcoin so there are less chances of this to become a scam, i m not saying that it is 100% safe i m just telling it logically that you can trust it as much as you trust other online gambling sites
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December 31, 2014, 10:10:25 PM
 #99

It is not safe. If you bought clams at 0.006 now you are losing 50% of the investment if you want to convert that clams into btc or fiat due to the exchange rate.
Thats not a matter of safety, but a matter of the price going down, due to the market.
Even bitcoin fell 50% over the last 2 months ,can't say investment dice sites for bitcoin aren't safe.

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December 31, 2014, 10:14:29 PM
 #100

it is one and only site that accept CLAMS and it should be backed by or related to developer of clamcoin so there are less chances of this to become a scam, i m not saying that it is 100% safe i m just telling it logically that you can trust it as much as you trust other online gambling sites
There are more website using clam as currency, yesterday I played in a website where you could play any casino game and dice with clams and exchange the clams to btc in the same casino.
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January 01, 2015, 02:25:08 AM
 #101

it is one and only site that accept CLAMS and it should be backed by or related to developer of clamcoin so there are less chances of this to become a scam, i m not saying that it is 100% safe i m just telling it logically that you can trust it as much as you trust other online gambling sites

just-dice is very safe but you have a huge exchange rate risk.

it is one and only site that accept CLAMS and it should be backed by or related to developer of clamcoin so there are less chances of this to become a scam, i m not saying that it is 100% safe i m just telling it logically that you can trust it as much as you trust other online gambling sites
There are more website using clam as currency, yesterday I played in a website where you could play any casino game and dice with clams and exchange the clams to btc in the same casino.

just-dice is ONLY accepting CLAM when other casinos accept CLAM and other alt-coins


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January 01, 2015, 02:52:21 AM
 #102

it is one and only site that accept CLAMS and it should be backed by or related to developer of clamcoin so there are less chances of this to become a scam, i m not saying that it is 100% safe i m just telling it logically that you can trust it as much as you trust other online gambling sites

Other than JD, FortuneJack accepts CLAM as well.
I don't think dooglus and JD are involved in the development of the altcoin.

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January 01, 2015, 03:02:58 AM
 #103

it is one and only site that accept CLAMS and it should be backed by or related to developer of clamcoin so there are less chances of this to become a scam, i m not saying that it is 100% safe i m just telling it logically that you can trust it as much as you trust other online gambling sites

Other than JD, FortuneJack accepts CLAM as well.
I don't think dooglus and JD are involved in the development of the altcoin.
Dooglus isn't involved, but dooglus is helping out the developers of that altcoin.
Dooglus earlier donated 100clams to the developer team of clam.
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January 01, 2015, 03:38:25 AM
 #104

it is one and only site that accept CLAMS and it should be backed by or related to developer of clamcoin so there are less chances of this to become a scam, i m not saying that it is 100% safe i m just telling it logically that you can trust it as much as you trust other online gambling sites

Other than JD, FortuneJack accepts CLAM as well.
I don't think dooglus and JD are involved in the development of the altcoin.
Dooglus isn't involved, but dooglus is helping out the developers of that altcoin.
Dooglus earlier donated 100clams to the developer team of clam.

Okay, didn't know that part of the story.

But I guess we all agree dooglus is very trusted as a site operator. The problem is only on how risky the clam price is.

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January 01, 2015, 04:00:36 AM
 #105

it is one and only site that accept CLAMS and it should be backed by or related to developer of clamcoin so there are less chances of this to become a scam, i m not saying that it is 100% safe i m just telling it logically that you can trust it as much as you trust other online gambling sites

Other than JD, FortuneJack accepts CLAM as well.
I don't think dooglus and JD are involved in the development of the altcoin.
Dooglus isn't involved, but dooglus is helping out the developers of that altcoin.
Dooglus earlier donated 100clams to the developer team of clam.

Okay, didn't know that part of the story.

But I guess we all agree dooglus is very trusted as a site operator. The problem is only on how risky the clam price is.

/dig is free.

Everyone who owned BTC, LTC or DOGE has free clams.

I dont see the risk

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January 01, 2015, 05:06:41 AM
 #106

/dig is free.

Everyone who owned BTC, LTC or DOGE has free clams.

I dont see the risk

True that many bitcoiners have some CLAM available to be dig, but they still have to face the CLAM price fluctuation if they decide to invest their coins in JD instead of selling it right away.

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January 01, 2015, 09:17:03 AM
 #107

I don't think dooglus and JD are involved in the development of the altcoin.
Dooglus isn't involved, but dooglus is helping out the developers of that altcoin.
Dooglus earlier donated 100clams to the developer team of clam.

I've contributed quite a lot of code changes to the CLAM client. That probably makes me "involved", I'd say.

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January 01, 2015, 09:30:43 AM
 #108

Pretty legitimate site, I would have invested if I had enough resources.

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January 01, 2015, 05:34:06 PM
 #109

it is one and only site that accept CLAMS and it should be backed by or related to developer of clamcoin so there are less chances of this to become a scam, i m not saying that it is 100% safe i m just telling it logically that you can trust it as much as you trust other online gambling sites

Other than JD, FortuneJack accepts CLAM as well.
I don't think dooglus and JD are involved in the development of the altcoin.
Dooglus isn't involved, but dooglus is helping out the developers of that altcoin.
Dooglus earlier donated 100clams to the developer team of clam.

Okay, didn't know that part of the story.

But I guess we all agree dooglus is very trusted as a site operator. The problem is only on how risky the clam price is.

If you buy and the price collapses you are likely to lose most your investment even if you made a lot of money from staking and losing players but if the price rises you will get a double pay out when you cash out.


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January 01, 2015, 07:32:32 PM
 #110

Something is going on. I watched "Layla" win at 14% over 30 times in a row. I just can't see that being hit that many times at 14%.. What's the mathmatical odds of that? I would really like to know.
 
I couldn't get a good screenshot with all the bets going but here's one.. Never a loss, only win at 14%.. I'm thinking some sort of copy paste but idk. I just can't bring myself to believe that this is possible. I'm sure there are some mathematical number for the odds. I would like to know this.

http://i.imgur.com/rwXlJMO.png

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January 01, 2015, 08:38:09 PM
 #111

Something is going on. I watched "Layla" win at 14% over 30 times in a row. I just can't see that being hit that many times at 14%.. What's the mathmatical odds of that? I would really like to know.
 
I couldn't get a good screenshot with all the bets going but here's one.. Never a loss, only win at 14%.. I'm thinking some sort of copy paste but idk. I just can't bring myself to believe that this is possible. I'm sure there are some mathematical number for the odds. I would like to know this.

http://i.imgur.com/rwXlJMO.png

As I told you in the JD chat, this is a frequently asked question.

Here's the answer, from the FAQ tab:



Edit: these are first two bets from your screenshot:



and here's a list of the bets that happened between these two, that didn't show up because of the threshold:

+----------+-------+--------+---------------------+-------------+
| betid    | stake | chance | date                | profit      |
+----------+-------+--------+---------------------+-------------+
| 12650757 |     6 |     14 | 2015-01-01 19:17:14 | 36.42857142 |
| 12650763 |     6 |     14 | 2015-01-01 19:17:15 |          -6 |
| 12650775 |     6 |     14 | 2015-01-01 19:17:18 |          -6 |
| 12650804 |  0.01 |     14 | 2015-01-01 19:17:21 |       -0.01 |
| 12650812 |  0.01 |     14 | 2015-01-01 19:17:22 |       -0.01 |
| 12650820 |  0.01 |     14 | 2015-01-01 19:17:23 |       -0.01 |
| 12650830 |  0.01 |     14 | 2015-01-01 19:17:24 |  0.06071428 |
| 12650838 |  0.01 |     14 | 2015-01-01 19:17:25 |       -0.01 |
| 12650846 |  0.01 |     14 | 2015-01-01 19:17:26 |       -0.01 |
| 12650852 |  0.01 |     14 | 2015-01-01 19:17:26 |       -0.01 |
| 12650857 |  0.01 |     14 | 2015-01-01 19:17:27 |       -0.01 |
| 12650867 |  0.01 |     14 | 2015-01-01 19:17:27 |       -0.01 |
| 12650871 |  0.01 |     14 | 2015-01-01 19:17:28 |       -0.01 |
| 12650879 |  0.01 |     14 | 2015-01-01 19:17:29 |       -0.01 |
| 12650887 |  0.01 |     14 | 2015-01-01 19:17:30 |       -0.01 |
| 12650896 |  0.01 |     14 | 2015-01-01 19:17:31 |       -0.01 |
| 12650922 |     3 |     14 | 2015-01-01 19:17:34 |          -3 |
| 12650931 |     3 |     14 | 2015-01-01 19:17:35 | 18.21428571 |
+----------+-------+--------+---------------------+-------------+


Edit2: note that your clock is 8 seconds slow. If you're trying to stake CLAMs that could be a problem. The timestamps on bets use your local time, whereas chat messages use server time.

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January 02, 2015, 02:20:30 AM
 #112

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.

Anithing can happen. Investing in anythnig related to cryptocurrencies can be considered very risky.

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January 02, 2015, 03:50:48 AM
 #113

The biggest risk is the clam market going down imo.

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January 02, 2015, 06:14:13 AM
 #114

The biggest risk is the clam market going down imo.
Yeah, because there's many people who just redeem the CLAM and exchange it to BTC in no time, made the the prices keep going down.

Well, about investing, I can't tell how safe is it. Who knows someone gonna win BIG later? You can't predict people's luck and future of course Grin
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January 02, 2015, 07:13:39 AM
 #115

very interesting Smiley Might have to invest here... After I get my head around CLAM

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January 02, 2015, 08:52:11 AM
 #116

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.
Safeness: ERR_TOO_HIGH

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January 02, 2015, 09:54:44 AM
 #117

very interesting Smiley Might have to invest here... After I get my head around CLAM
I will be betting my CLAM, but I still wouldn't invest them, it seems more dangerous than betting them on a long priced outsider.


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January 02, 2015, 03:45:01 PM
 #118

Something is going on. I watched "Layla" win at 14% over 30 times in a row. I just can't see that being hit that many times at 14%.. What's the mathmatical odds of that? I would really like to know.
 
I couldn't get a good screenshot with all the bets going but here's one.. Never a loss, only win at 14%.. I'm thinking some sort of copy paste but idk. I just can't bring myself to believe that this is possible. I'm sure there are some mathematical number for the odds. I would like to know this.

http://i.imgur.com/rwXlJMO.png

As I told you in the JD chat, this is a frequently asked question.

Here's the answer, from the FAQ tab:



Edit: these are first two bets from your screenshot:



and here's a list of the bets that happened between these two, that didn't show up because of the threshold:

+----------+-------+--------+---------------------+-------------+
| betid    | stake | chance | date                | profit      |
+----------+-------+--------+---------------------+-------------+
| 12650757 |     6 |     14 | 2015-01-01 19:17:14 | 36.42857142 |
| 12650763 |     6 |     14 | 2015-01-01 19:17:15 |          -6 |
| 12650775 |     6 |     14 | 2015-01-01 19:17:18 |          -6 |
| 12650804 |  0.01 |     14 | 2015-01-01 19:17:21 |       -0.01 |
| 12650812 |  0.01 |     14 | 2015-01-01 19:17:22 |       -0.01 |
| 12650820 |  0.01 |     14 | 2015-01-01 19:17:23 |       -0.01 |
| 12650830 |  0.01 |     14 | 2015-01-01 19:17:24 |  0.06071428 |
| 12650838 |  0.01 |     14 | 2015-01-01 19:17:25 |       -0.01 |
| 12650846 |  0.01 |     14 | 2015-01-01 19:17:26 |       -0.01 |
| 12650852 |  0.01 |     14 | 2015-01-01 19:17:26 |       -0.01 |
| 12650857 |  0.01 |     14 | 2015-01-01 19:17:27 |       -0.01 |
| 12650867 |  0.01 |     14 | 2015-01-01 19:17:27 |       -0.01 |
| 12650871 |  0.01 |     14 | 2015-01-01 19:17:28 |       -0.01 |
| 12650879 |  0.01 |     14 | 2015-01-01 19:17:29 |       -0.01 |
| 12650887 |  0.01 |     14 | 2015-01-01 19:17:30 |       -0.01 |
| 12650896 |  0.01 |     14 | 2015-01-01 19:17:31 |       -0.01 |
| 12650922 |     3 |     14 | 2015-01-01 19:17:34 |          -3 |
| 12650931 |     3 |     14 | 2015-01-01 19:17:35 | 18.21428571 |
+----------+-------+--------+---------------------+-------------+


Edit2: note that your clock is 8 seconds slow. If you're trying to stake CLAMs that could be a problem. The timestamps on bets use your local time, whereas chat messages use server time.


I'm not saying your cheating or scamming of any sorts. I just find it hard to believe that everytime they won they coincidentally raised the bet to a amount that is shown in chat. I mean what's the odds of them winning at 14% AND INCREASING THEIR BET to a amount that can be seen in chat at the exact same time? Man those odds are beyond astronomical.  What your saying is they bet low and it didn't show up in the chat until they increased their bet to "x" amount which could be seen everytime and them winning. I mean the odds of all of this coming together at the same time, and everytime is beyond astronomical.  I'm talking new species out of the mud astronomical. Extremely hard to believe when the odds are over 100 trillion to 1, and it happening over 30 times. Those odds in itself are astonishing.

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January 02, 2015, 04:31:06 PM
 #119

Something is going on. I watched "Layla" win at 14% over 30 times in a row. I just can't see that being hit that many times at 14%.. What's the mathmatical odds of that? I would really like to know.
 
I couldn't get a good screenshot with all the bets going but here's one.. Never a loss, only win at 14%.. I'm thinking some sort of copy paste but idk. I just can't bring myself to believe that this is possible. I'm sure there are some mathematical number for the odds. I would like to know this.

http://i.imgur.com/rwXlJMO.png

As I told you in the JD chat, this is a frequently asked question.

Here's the answer, from the FAQ tab:



Edit: these are first two bets from your screenshot:



and here's a list of the bets that happened between these two, that didn't show up because of the threshold:

+----------+-------+--------+---------------------+-------------+
| betid    | stake | chance | date                | profit      |
+----------+-------+--------+---------------------+-------------+
| 12650757 |     6 |     14 | 2015-01-01 19:17:14 | 36.42857142 |
| 12650763 |     6 |     14 | 2015-01-01 19:17:15 |          -6 |
| 12650775 |     6 |     14 | 2015-01-01 19:17:18 |          -6 |
| 12650804 |  0.01 |     14 | 2015-01-01 19:17:21 |       -0.01 |
| 12650812 |  0.01 |     14 | 2015-01-01 19:17:22 |       -0.01 |
| 12650820 |  0.01 |     14 | 2015-01-01 19:17:23 |       -0.01 |
| 12650830 |  0.01 |     14 | 2015-01-01 19:17:24 |  0.06071428 |
| 12650838 |  0.01 |     14 | 2015-01-01 19:17:25 |       -0.01 |
| 12650846 |  0.01 |     14 | 2015-01-01 19:17:26 |       -0.01 |
| 12650852 |  0.01 |     14 | 2015-01-01 19:17:26 |       -0.01 |
| 12650857 |  0.01 |     14 | 2015-01-01 19:17:27 |       -0.01 |
| 12650867 |  0.01 |     14 | 2015-01-01 19:17:27 |       -0.01 |
| 12650871 |  0.01 |     14 | 2015-01-01 19:17:28 |       -0.01 |
| 12650879 |  0.01 |     14 | 2015-01-01 19:17:29 |       -0.01 |
| 12650887 |  0.01 |     14 | 2015-01-01 19:17:30 |       -0.01 |
| 12650896 |  0.01 |     14 | 2015-01-01 19:17:31 |       -0.01 |
| 12650922 |     3 |     14 | 2015-01-01 19:17:34 |          -3 |
| 12650931 |     3 |     14 | 2015-01-01 19:17:35 | 18.21428571 |
+----------+-------+--------+---------------------+-------------+


Edit2: note that your clock is 8 seconds slow. If you're trying to stake CLAMs that could be a problem. The timestamps on bets use your local time, whereas chat messages use server time.


I'm not saying your cheating or scamming of any sorts. I just find it hard to believe that everytime they won they coincidentally raised the bet to a amount that is shown in chat.

Slow down and read. The didn't raise their bet to an amount that is shown. When they win, their profit is high. When they lose, their loss is low. The high winning profit is shown. The low losing loss isn't. This happens when flat betting. No need to magically raise your stake for winning bets.

Do you understand now?

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January 02, 2015, 04:36:43 PM
 #120

Well, about investing, I can't tell how safe is it. Who knows someone gonna win BIG later? You can't predict people's luck and future of course Grin

It's possible that someone will get lucky and stay lucky long enough to take all the site profits. It has happened before. But there is a 1% house edge which should mean the site is profitable in the long term. Here's a chart showing the actual site profit (in black) and the 1% expected site profit (in green) for the first month or so that it has been running with CLAMs:



Note how the black line goes up and down pretty much at random, but also tends to follow the shape of the green line.

On top of this, investors also get the rewards from staking the site's bankroll. So far that amounts to 25k CLAM - more than the profit from losing bets.

I will be betting my CLAM, but I still wouldn't invest them, it seems more dangerous than betting them on a long priced outsider.

I would be interested to hear the reasoning that landed you at that conclusion.

When you bet there's a 1% edge against you. When you invest, the edge is in your favour and you get the staking rewards too, making the edge greater than 2%.

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January 02, 2015, 04:48:36 PM
 #121

if invest 0.1 for one month!!

how much profit i get !! ??
i m asking average Smiley
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January 02, 2015, 05:12:20 PM
 #122

Well, about investing, I can't tell how safe is it. Who knows someone gonna win BIG later? You can't predict people's luck and future of course Grin

It's possible that someone will get lucky and stay lucky long enough to take all the site profits. It has happened before. But there is a 1% house edge which should mean the site is profitable in the long term. Here's a chart showing the actual site profit (in black) and the 1% expected site profit (in green) for the first month or so that it has been running with CLAMs:



Note how the black line goes up and down pretty much at random, but also tends to follow the shape of the green line.

On top of this, investors also get the rewards from staking the site's bankroll. So far that amounts to 25k CLAM - more than the profit from losing bets.

I will be betting my CLAM, but I still wouldn't invest them, it seems more dangerous than betting them on a long priced outsider.

I would be interested to hear the reasoning that landed you at that conclusion.

When you bet there's a 1% edge against you. When you invest, the edge is in your favour and you get the staking rewards too, making the edge greater than 2%.

Ok Dooglus, maybe that was a bit of an unfairly aimed comment, but generally investing in crypto gambling sites hasn't been the greatest investment.
I am sure that you are doing things right, but I have never really understood why if these sites make profit, they are so keen to "share" the profit with everyone.  As I have often said, at some point the amount invested could be weighed up against the future profits of the site by an unscrupulous owner, and the they can decide that it isn't worth it anymore and run off with the invested money. 

Again, I am not saying that you will do that, but there have been examples of that happening in the past.

Do you invest in any other dice sites that aren't directly under your control?


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January 02, 2015, 05:25:28 PM
 #123

if invest 0.1 for one month!!

how much profit i get !! ??
i m asking average Smiley
There is no average. Totally depends on how many people play on site and lose.
You might lose money as well. Anything can happen.
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January 02, 2015, 05:35:00 PM
 #124

Ok Dooglus, maybe that was a bit of an unfairly aimed comment, but generally investing in crypto gambling sites hasn't been the greatest investment.

It's true. Running a crowd-funded dice site gets the owner control of a whole load of (other people's) coins very quickly. It usually takes quite a while for the site to make a profit, and even longer for the site's owner to earn very much in the way of commission. But if they "play against the investors" by using the server seeds, or just run off with the coins, they make a lot of coins very quickly, and so obviously that happens a lot.

I ran Just-Dice with Bitcoins for a year with a bankroll over 60,000 BTC (worth over $50 million at one point) and didn't feel any temptation to steal anything. Since I showed I was able to be trusted with that amount of value, most people don't have too much worry about trusting me with the relatively tiny value of the CLAM site. The whole bankroll there is worth around $300k at the moment - a small fraction of the BTC site's value.

I am sure that you are doing things right, but I have never really understood why if these sites make profit, they are so keen to "share" the profit with everyone.  As I have often said, at some point the amount invested could be weighed up against the future profits of the site by an unscrupulous owner, and the they can decide that it isn't worth it anymore and run off with the invested money.  

I can think of lots of reasons (good and bad) that might make it worth accepting a crowd-sourced bankroll:

1) BIGGER BETS: By allowing others to take part in the bankroll you are able to afford to offer bigger maximum bets which may attract more players.

2) LESS RISK: I can make risk-free coins by taking a commission on site profits. The "investors" risk their coins, and I take a cut of any profits they make.

3) NEW MARKET: Offering an attractive "investment" attracts people to the site who wouldn't usually consider visiting a gambling site. They come to invest, but end up playing.

4) GIVE BACK: Why not share the profits with others?

5) EASY MONEY: Collect massive bankroll from suckers then steal it.

Again, I am not saying that you will do that, but there have been examples of that happening in the past.

Do you invest in any other dice sites that aren't directly under your control?

Not at the moment. I invested in both dicebitco.in and dice.ninja for a while, but managed to withdraw before they went bad in both cases. Those experiences put me off the idea of trusting people. Smiley

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January 02, 2015, 05:38:07 PM
 #125

if invest 0.1 for one month!!

how much profit i get !! ??
i m asking average Smiley
There is no average. Totally depends on how many people play on site and lose.
You might lose money as well. Anything can happen.

Well, we can see the average amount wagered per day and guess that it will be similar going forward.

I made an account on December 12th and invested some coins in it.

Here's a record of how that investment grew each week, and the cumulative growth:

Dec 12 2014     0.00%   100.00%
Dec 15 2014     3.64%   103.64%
Dec 22 2014     5.02%   108.85%
Dec 29 2014     2.09%   111.13%

Jan  2 2015     5.94%   117.73%

So I've seen 17.73% growth in 3 or 4 weeks. That is from staking and play combined.

Of course there's no guarantee that the same happens in any other 4 weeks. It's quite possible even to have a losing month.

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January 03, 2015, 12:51:13 PM
 #126

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

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January 03, 2015, 12:53:00 PM
 #127





Looks like you are running Matlab there dooglus?! I guess you have some type of engineering background

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January 03, 2015, 02:35:41 PM
 #128

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?
Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

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January 03, 2015, 03:10:08 PM
 #129

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?
Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

FortuneJack.com lets you exchange chunks like that fast I believe Smiley

The other small peanut exchanges have CLAM too, but you'd be best to put your order on the Ask and wait for BTC whale to come in and bite it.  No one wants to keep Bitcoins on most of those exchanges, so it is a in and out thing!

Lots of people by off the exchanges, but be sure to use escrow!


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January 03, 2015, 04:54:05 PM
 #130

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

It's not easy without moving the price significantly. The markets are pretty shallow. 10 BTC is ~3k CLAM, and there are only ~400k total CLAM in circulation. So you're talking about moving almost whole percentages of the CLAM supply.

And that's gnuplot, not matlab. Smiley

Code:
plot \
    "site-profit.dat" using 1:($3/1e8) title "profit" with lines lt 7, \
    "site-profit.dat" using 1:($2/1e10) title "1% edge" with lines lt 2

FortuneJack.com lets you exchange chunks like that fast I believe Smiley

Does anyone know how the fortunejack exchange works? I don't see any information about the market depth. I suspect it doesn't really work for large amounts, and that they just quote market + margin and buy back on the exchanges.

Here they are quoting me a price to buy a million CLAMs. There are only 400k in existence currently, so unless they have a huge supply they didn't 'dig' yet (and why wouldn't they dig and stake them if so) it seems they're making offers they can't follow through on:



... and I get the same price if I only have half a BTC:


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January 03, 2015, 05:40:10 PM
 #131

wait does anyone know if theres any faucet that produces clam?  Smiley

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January 03, 2015, 06:21:20 PM
 #132

wait does anyone know if theres any faucet that produces clam?  Smiley

There are a couple linked in the Just-Dice FAQ tab.

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January 03, 2015, 06:54:55 PM
 #133

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?
Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

Wait thats pretty crazy. The price is that sensitive, or is that with all new alt coins that gain traction like similar end up being doge coin?

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January 03, 2015, 06:59:35 PM
 #134

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?
Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

Wait thats pretty crazy. The price is that sensitive, or is that with all new alt coins that gain traction like similar end up being doge coin?

Hopefully CLAM doesn't end up how I believe DOGE is going to end up, but yes coins that pick up volume similar to BTC, LTC, DOGE and what we are seeing with CLAM are often very volatile at first... even oil when it was first discovered it could be burned had HUGE swings in the market, but once more and more people started trading the price leveled out naturally.

I expect CLAM to continue to increase and for a number of large businesses with trust already established to start accepting them (such as FortuneJack already... they spend a large chunk of change advertising.)

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January 03, 2015, 08:53:45 PM
 #135

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?
Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

You can have a better deal than the market with a big buyer/seller if you do a private sell.


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January 03, 2015, 09:24:27 PM
 #136

wait does anyone know if theres any faucet that produces clam?  Smiley

There are a couple linked in the Just-Dice FAQ tab.
How many of the 400k clams are yours dooglus?
Are you selling your clams or storing them? If storing you must have built a large percentage of the market!


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January 04, 2015, 01:37:22 AM
 #137

wait does anyone know if theres any faucet that produces clam?  Smiley

There are a couple linked in the Just-Dice FAQ tab.
How many of the 400k clams are yours dooglus?
Are you selling your clams or storing them? If storing you must have built a large percentage of the market!

Dooglus has aroun 246,000 right now Wink

Go to just-dice and type /supply.

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January 04, 2015, 12:23:42 PM
 #138

wait does anyone know if theres any faucet that produces clam?  Smiley

There are a couple linked in the Just-Dice FAQ tab.
How many of the 400k clams are yours dooglus?
Are you selling your clams or storing them? If storing you must have built a large percentage of the market!

Dooglus has aroun 246,000 right now Wink

Go to just-dice and type /supply.

Just-dice has 246k CLAM not dooglus. CLAM market cap is now 2000BTC

You will have some answers here : https://bitcointalk.org/index.php?topic=623147.msg10003852#msg10003852


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January 04, 2015, 03:01:19 PM
 #139

wait does anyone know if theres any faucet that produces clam?  Smiley

There are a couple linked in the Just-Dice FAQ tab.
How many of the 400k clams are yours dooglus?
Are you selling your clams or storing them? If storing you must have built a large percentage of the market!

Dooglus has aroun 246,000 right now Wink

Go to just-dice and type /supply.

Just-dice has 246k CLAM not dooglus. CLAM market cap is now 2000BTC

You will have some answers here : https://bitcointalk.org/index.php?topic=623147.msg10003852#msg10003852

Ok, thanks, interesting stuff!  It still seems like an interesting/weird choice to use CLAMs, but I guess there is method in the madness as trade seems to be pretty good on JD at the moment.


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January 04, 2015, 05:27:06 PM
 #140

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?
Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

Wait thats pretty crazy. The price is that sensitive, or is that with all new alt coins that gain traction like similar end up being doge coin?

I selected CLAM for JD in part because of its low market cap. I don't want to be responsible for millions of dollars of cryptocurrency. The fact that the market is too shallow to support even 10's of BTC of volume without shifting drastically is a good thing from my point of view.

The complaints I see in the chat about the relatively small maximum bet size now, I see as a good thing:

  (152350) <JimC> I remember the good 'ol days when max profit + $100,000+
  (967107) <eustice> lol this is like dollar scratch tickets

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January 04, 2015, 05:36:41 PM
 #141

I vouch for JD. My tiny investment of 24 coins has now generated a profit of 5 coins for me. Dooglus is legendary (not just as a member on this forum) in the crypto-gambling world. He held almost 10K BTC at one time IIRC. Whatever i have seen of him. he has been extremely honest. In fact, he still holds some BTC from some folks who did not divest at the time he had to close Bitdice due to laws in Canada. If anyone else had 10K BTC in their charge at the time when BTC went up to $1000 apiece, they might not have stuck around. It would have been very easy for him to run away with 10K BTC but he did not, this speaks volumes about his integrity and has pushed up my trust in him!

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January 04, 2015, 06:00:14 PM
 #142

I vouch for JD. My tiny investment of 24 coins has now generated a profit of 5 coins for me. Dooglus is legendary (not just as a member on this forum) in the crypto-gambling world. He held almost 10K BTC at one time IIRC. Whatever i have seen of him. he has been extremely honest. In fact, he still holds some BTC from some folks who did not divest at the time he had to close Bitdice due to laws in Canada. If anyone else had 10K BTC in their charge at the time when BTC went up to $1000 apiece, they might not have stuck around. It would have been very easy for him to run away with 10K BTC but he did not, this speaks volumes about his integrity and has pushed up my trust in him!

It was around 65k BTC at one point (see this chart, and, if you're wondering why it suddenly drops to zero, this one, to which I moved the coins after a mishap involving me 'forgetting' the cold wallet in a hotel room and checking out...), and "Bitdice" is something else.

Interestingly I've had 4 different people approach me in the last 24 hours asking for their JD BTC balance back. Until yesterday it had slowed to around one per week.

I don't know if the crash in BTC price has caused them to check their JD account and notice that it no longer deals in BTC or what. Only 48 people left to go now with outstanding balances of 1 BTC or more!

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January 08, 2015, 12:56:18 PM
 #143

I vouch for JD. My tiny investment of 24 coins has now generated a profit of 5 coins for me. Dooglus is legendary (not just as a member on this forum) in the crypto-gambling world. He held almost 10K BTC at one time IIRC. Whatever i have seen of him. he has been extremely honest. In fact, he still holds some BTC from some folks who did not divest at the time he had to close Bitdice due to laws in Canada. If anyone else had 10K BTC in their charge at the time when BTC went up to $1000 apiece, they might not have stuck around. It would have been very easy for him to run away with 10K BTC but he did not, this speaks volumes about his integrity and has pushed up my trust in him!

It was around 65k BTC at one point (see this chart, and, if you're wondering why it suddenly drops to zero, this one, to which I moved the coins after a mishap involving me 'forgetting' the cold wallet in a hotel room and checking out...), and "Bitdice" is something else.

Interestingly I've had 4 different people approach me in the last 24 hours asking for their JD BTC balance back. Until yesterday it had slowed to around one per week.

I don't know if the crash in BTC price has caused them to check their JD account and notice that it no longer deals in BTC or what. Only 48 people left to go now with outstanding balances of 1 BTC or more!

What is the biggest amount of BTC yet to be claimed on just-dice?

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?
Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

Wait thats pretty crazy. The price is that sensitive, or is that with all new alt coins that gain traction like similar end up being doge coin?

I selected CLAM for JD in part because of its low market cap. I don't want to be responsible for millions of dollars of cryptocurrency. The fact that the market is too shallow to support even 10's of BTC of volume without shifting drastically is a good thing from my point of view.

The complaints I see in the chat about the relatively small maximum bet size now, I see as a good thing:

  (152350) <JimC> I remember the good 'ol days when max profit + $100,000+
  (967107) <eustice> lol this is like dollar scratch tickets


If you hold more than 2 millions of $ worth of CLAM on the just-dice bankroll and just-dice balances you will stop accepting investments or deposits?

The CLAM supply is going to 1 million within 2 years so if the price is more than 2$/CLAM, are you saying you will do something to limit the number of $ you are holding? It is very bearish for CLAM!


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