[SHUTTING DOWN] [DiceBitco.in | BE THE BANK ! | 1% House Edge]

[dooglus]

Invested amounts: 1 Sept 2014

1000.00000000
503.72644939
502.76974762
[...]

How are you defining "invested amount" here?

It seems very unlikely that anyone would have exactly 1000 BTC in their investment at any point in time other than immediately after investing it. I thought the 1k was invested before Jebbster's big loss, so shouldn't it have increased now? And if it was after, shouldn't it have decreased now?

The whole point of listing these amounts is to prove solvency.

Thought experiment:

What if I win 50% of your bankroll this week. if nobody divests or invests as a result, will you still list a bunch of invested amounts that add up to over 5k BTC? And if so, do you see how that doesn't prove solvency? Because I'll have withdrawn 2.5k and you'll only have 2.5k left in your cold wallet.

[DiceBitcoin]

Invested amounts: 1 Sept 2014

1000.00000000
503.72644939
502.76974762
[...]

How are you defining "invested amount" here?

It seems very unlikely that anyone would have exactly 1000 BTC in their investment at any point in time other than immediately after investing it. I thought the 1k was invested before Jebbster's big loss, so shouldn't it have increased now? And if it was after, shouldn't it have decreased now?

The whole point of listing these amounts is to prove solvency.

Thought experiment:

What if I win 50% of your bankroll this week. if nobody divests or invests as a result, will you still list a bunch of invested amounts that add up to over 5k BTC? And if so, do you see how that doesn't prove solvency? Because I'll have withdrawn 2.5k and you'll only have 2.5k left in your cold wallet.

Invested means currently invested. The amount in question(the 1k btc one), he invested indeed before jebbsters' bust, and he DIVESTED exactly after his bust(and paid his 10% of net profit on the spot). However, after divesting, he reinvested 30mins later, not the whole amount, but again 1k coins(and withdrew his ~19 btc profit). When jebbster busted sites' profit was around 65 btc, whereas now that we took commission is around 48 btc, so he didnt pay anything(no new profits, his 2nd 1k btc investment is now at minus).

I hope that clears it up )

edit : on a side note i see your point. Maybe we could have among with the site invested an 'actual investors balance'? Im not quite sure how to present that though, im open to suggestions

[dooglus]

edit : on a side note i see your point. Maybe we could have among with the site invested an 'actual investors balance'? Im not quite sure how to present that though, im open to suggestions

"site invested" doesn't mean anything. It's history. OK, so he invested 1000 BTC a few days ago, but he's lost some of it now, and no longer has 1000 BTC invested. Now he has 992.35345 or whatever the real number is. In the same way that you no longer show 'invested' on the top line, and only show 'bankroll', the end-of-week figures should show each user's part of that 'bankroll' figure - because that's the only figure that is "real". The rest is just accounting, a memory of how much we used to have.

[Cluster2k]

DB has two figures for investors: invested and profit.  Are profits automatically reinvested?  If so, there should be a total figure for the current amount invested by the user.  At the moment the two figures need to be added together to know how much is invested.

[waterpile]

Damn, lost all my profits lol

[Simon8x]

Currently, your "High Bets" section doesn't list those high-win bets.
IMO, you should list all bets with high bet size or high profit.

[Barnabe]

Currently, your "High Bets" section doesn't list those high-win bets.
IMO, you should list all bets with high bet size or high profit.

But IMO that's not very accurate, because it doesn't show us all.
You should instead make a "wall of fame" of players biggest profits/loses in the last 24 or 48 hours. Of course to make this work you also should make an option asking players if they want their nickname in this all of fame, if they don't you just show their profit/loses and a random number or set their nickname to "unknown" or something like that.

Because of some techniques based on high frequency betting (like the one used by the player "better") the high-bets section becomes quite useless.

[kboon]

just invested in this site.
btw the "PROFIT:" in the live stats means the profits which are not divested yet right?
and also it'll be great if there's a statistic based of the last 7 days or so and not just an all time stats.
just my half cent

[DiceBitcoin]

We are doing some database maintenance stuff so you may encounter service unavailability for the next couple of minutes.

[Tammy Chan]

But IMO that's not very accurate, because it doesn't show us all.
You should instead make a "wall of fame" of players biggest profits/loses in the last 24 or 48 hours. Of course to make this work you also should make an option asking players if they want their nickname in this all of fame, if they don't you just show their profit/loses and a random number or set their nickname to "unknown" or something like that.

Because of some techniques based on high frequency betting (like the one used by the player "better") the high-bets section becomes quite useless.

What about making the high bets ordered by bet size instead of time and include bets made in the day only?
The idea of "wall of fame" and "wall of shame" is good IMO.

[marcovaldo]

I won 0.10 btc and I withdraw it within a few minutes.
Seems legit.

[IamNotSure]

I won 0.10 btc and I withdraw it within a few minutes.
Seems legit.

0.1 withdraw is far from proving anything

1000 BTC would prove more

Time will tell...

[DiceBitcoin]

I won 0.10 btc and I withdraw it within a few minutes.
Seems legit.

0.1 withdraw is far from proving anything

1000 BTC would prove more

Time will tell...

dooglus once withdrew 100 BTC. One other guy withdrew 500 BTC.

tl;dr: Even if someone was to withdrew 4k BTC, practically it proves nothing. all it proves is that our withdrawals are automatic(and working lol).

[IamNotSure]

I won 0.10 btc and I withdraw it within a few minutes.
Seems legit.

0.1 withdraw is far from proving anything

1000 BTC would prove more

Time will tell...

dooglus once withdrew 100 BTC. One other guy withdrew 500 BTC.

tl;dr: Even if someone was to withdrew 4k BTC, practically it proves nothing. all it proves is that our withdrawals are automatic(and working lol).

Indeed, the final proof will come when you'll close (not too soon I hope ) and when you'll reimburse everyone like dooglus did 

[keithers]

Mobile users will have a much better experience using Dicebitco.in rather than Primedice.   In the past 3 days, I have only been able to get the primedice website to open once on my iphone.   The Dicebitco website has been working flawlessly for iphone and google nexus 

[RoooooR]

Mobile users will have a much better experience using Dicebitco.in rather than Primedice.   In the past 3 days, I have only been able to get the primedice website to open once on my iphone.   The Dicebitco website has been working flawlessly for iphone and google nexus 

You sure?

https://i.imgur.com/PwOtNNn.png

[pawel7777]

I've heard some rumors the other day that you're considering adding DOGE, is that true?
Also, why not merging both BTC and LTC sites, so you can just switch between them?

[Mitchell]

I really hope that they don't add DOGE to their website. No offence, but I hate the DOGE community. At least 95% of the community are trolls/idiots and almost all of them are annoying. It would suck to have them in the DiceBitco.in chat.

[DiceBitcoin]

I've heard some rumors the other day that you're considering adding DOGE, is that true?
Also, why not merging both BTC and LTC sites, so you can just switch between them?

We wont merge any site. Yes, we plan to release a doge version also, but not to implement with any current one. Each currency will have its own site. Experience says, its the best way to handle disasters

[DiceBitcoin]

Mobile users will have a much better experience using Dicebitco.in rather than Primedice.   In the past 3 days, I have only been able to get the primedice website to open once on my iphone.   The Dicebitco website has been working flawlessly for iphone and google nexus  

Mobile users will have a much better experience using Dicebitco.in rather than Primedice.   In the past 3 days, I have only been able to get the primedice website to open once on my iphone.   The Dicebitco website has been working flawlessly for iphone and google nexus  

wait wait.. you managed to open PD @ your phone..? How on earth you did that? Its not supported yet