Hufflepuff Making 2k BTC On PrimeDice Nov 2014. March 2015 Update: He Cheated

I think this is just a publicity stunt.

I doubt it. Another dice site recently started allowing profits of up to 40 BTC per bet. If PD could have safely continued without halving their maximum payout, I'm sure they would have. It's not much of a publicity stunt to show how much people can win and then immediately withdraw the very bet sizes he used to win that much...

True, if this were some sort of publicity stunt we wouldn't try to limit our future profits. We had the bankroll to handle bets of that size very comfortably before but now are less comfortable handling them. As I've said before, there's no point in trying to convince skeptics otherwise as I'd probably question it myself if it wasn't right in front of me. However, in this situation logic would point to this being real given the actions we've taken and the course all of this took.

It's pretty aggravating to put in so much work and effort into something and have absolute odds and still fail to turn a profit. I lost some faith in the odds this week, but I'm fairly confident that the loss will be recouped within the next 100 days given the growth of PD and things will work out over time. We will consider re-raising the max bet at that time. To put it bluntly, shit happens but we're going to stay positive and work hard to firmly hold our position at the top of the gambling scene.

Quote from: dooglus on November 03, 2014, 08:25:29 PM

Quote from: chazley on November 03, 2014, 08:21:52 PM

Dooglus, stop wasting your time calculating obscure statistics no one cares about and re-open your dice site already.

Much love.

Stunna just lost 2000 BTC in a few days and must be stressing about it. "Is there an exploit? Is he cheating? Is he going to bust me? Should I reduce the max bet to prevent further losses, or would that just prevent him losing his gains back to the site?"

I remember having all those worries whenever anyone got lucky on JD, and don't miss them.

Mwaaaah.

These concerns are very much here and have seriously stressed me out the past few days. While the win is extremely unlikely we haven't found any proof of ill intent/exploiting and opted to pay out huffle as there was no definitive proof of anything. As far as we can tell and in my opinion he legitimately got very lucky and won quite a bit but we can never know for sure. I fully understand why you (doog) felt the stress was too great. Honestly the only thing that keeps me sane is the fact that our stress & workload is divided between a few people each of which have an insane tolerance for risk and loss and don't need bitcoins to make ends meet.

I've said this many times but we're long term believers in bitcoin and cannot be heavily shook by great losses in terms of the price of bitcoin or losses to players. Proof of this is further given by the fact that I've never sold a single bitcoin for fiat currency. We sustained a massive loss but we were once again given an opportunity to prove our trustworthiness and how that even in an anonymous environment where we'd have ultimate control to act unethically we never for a second considered it. *Not that this will stop people who lose 5 satoshi bets from questioning the fairness and wielding their pitchforks after a 6 loss streak Wink

Stunna I just have to say I'm impressed with your candor here as well as the fact that you had 2000 bitcoins you could afford to lose. I can't believe math failed you so completely here but as I recall Just Dice had a big early loss and slowly climbed towards its expected return.

I normally root for gamblers, but have to feel some sympathy for you here.