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Author Topic: How safe is it to invest in just-dice  (Read 13571 times)
picolo
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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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picolo
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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.

dooglus
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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?

dooglus
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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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