Cryptocoins-Dice.com | BTC XRP XMR XMG DOGE | Play Invest Leverage Faucet

[wpalczynski]

I don't know if a referral program that eats into investor profits is a good idea.  Its super hard to earn anything as an investor as it is.  I'm up like 0.5% on my Monero investment after having my funds there for 3 weeks and representing at least 1/3 of the bankroll.

At this point I'm re-evaluating if the reward is worth the risk of keeping funds on this site.  If you decrease the profit even more by having referrals take a bite out of my earnings I don't see any reason for people to invest in the site, it will be a losing proposition.

[wpalczynski]

I also think that Investors should have some input into proposed changes on the site which can decrease their profitability.  To me it is a little bit of a breach of contract, I invested under certain conditions which changed in a way which is detrimental to my profitability and I really wasn't aware of the change and it's consequences.

Just my 2 cents.

[Bobbax]

Well, I removed Referral before peoples try to abuse of it for real. I found only 3 players who did it with only small amounts (and only on DOGE & XMG). So we had no damages from the ref system.

I don't know if a referral program that eats into investor profits is a good idea.  Its super hard to earn anything as an investor as it is.  I'm up like 0.5% on my Monero investment after having my funds there for 3 weeks and representing at least 1/3 of the bankroll.

Yes it was a bad idea, that's why I stepped back.

I also think that Investors should have some input into proposed changes on the site which can decrease their profitability.  To me it is a little bit of a breach of contract, I invested under certain conditions which changed in a way which is detrimental to my profitability and I really wasn't aware of the change and it's consequences.

Investors funds won't be a part of any side-system anymore, definitively.

[wpalczynski]

How is the account recovery implementation going?  Is there still no way to recover an account if you forget your password?

[Bobbax]

How is the account recovery implementation going?  Is there still no way to recover an account if you forget your password?

Nope, security features are in my short-term todo list.
If you lost your password, send me an email, I'll proceed to a rough verification (ask to David ).

A list of all the stuff I'm going to implement:

• Account recovery option (undefined yet)
• 2fa on Cashout / Invest / Divest
• Dead-man-switch (my wife will refunds all players if I die)
• Emergency account lock (if you think your account is getting hacked, it's a way to freeze it)

Already implemented:

• Emergency mode (the site freeze and send automatically all the hotwallet funds into the cold wallets)
• 2fa on signing up
• Database replica
• User lock (if the site detect abnormal activity he lock the account [= hacking attempt])
• Cold & deep wallet storage with proof-of-reserve

Even with the account recovery future option, people need and should take care of a password as they take care of a bitcoin private key.

[wpalczynski]

Its reassuring that you can help recover the account.  The impression I got from the warning when creating the account was that if I lost my PW I would not be able to recover funds.  Perhaps you might want to change that wording a bit because it seems to give the wrong impression.

[wpalczynski]

Great idea to have 2FA with cashout option but for invest and divest whats the point?

How is the account recovery implementation going?  Is there still no way to recover an account if you forget your password?

Nope, security features are in my short-term todo list.
If you lost your password, send me an email, I'll proceed to a rough verification (ask to David ).

A list of all the stuff I'm going to implement:

• Account recovery option (undefined yet)
• 2fa on Cashout / Invest / Divest
• Dead-man-switch (my wife will refunds all players if I die)
• Emergency account lock (if you think your account is getting hacked, it's a way to freeze it)

Already implemented:

• Emergency mode (the site freeze and send automatically all the hotwallet funds into the cold wallets)
• 2fa on signing up
• Database replica
• User lock (if the site detect abnormal activity he lock the account [= hacking attempt])
• Cold & deep wallet storage with proof-of-reserve

Even with the account recovery future option, people need and should take care of a password as they take care of a bitcoin private key.

[Bobbax]

Great idea to have 2FA with cashout option but for invest and divest whats the point?

We are agree that the 2fa options on cashout and invest/divest are in the case your account is getting compromised. For example, you leave your computer alone, still connected on CCD, and your child starting to play with your account.
In that case, your investment is safe: your children can't divest, so he maybe can't bet because most of your coins are lock by the invest system, and he can't modify your investment leverage.

We can imagine some other scenarios like this.

The 2fa on cashout, invest/divest will be an option. You're not forced to enable it.

[Bobbax]

New coin + Proof-of-reserve update

Hello Bitcoin !

Proof-of-reserve:

I'm always working to secure the funds and proving that they are safe.

I did the weekly XMR PoR, as usual, you can get the hash here: https://www.cryptocoins-dice.com/files/xmr_por.txt

The others coin PoR:
Bitcoin
Ripple XRP
Coin of Magi
Dogecoin

[dsyahputera]

Nice site, I have lost 250XMG here

[Bobbax]

Again a new build

This one is mostly considering the site performances. However some new features poped for the users !

Public changelogs: https://www.cryptocoins-dice.com/files/changelog_public_1_1_4.txt

New board

This board has only a few options at the moment. More will join later.



Bet verifier script

Added a HTML/Javascript script, accessible to all, in case you want to verify a bet result.
You can find the link to that script on the 'Provably fair' menu, or directly here: https://www.cryptocoins-dice.com/files/zip/CCD_Verifier.zip

[Ovisnigra]

I've been gambling in your dice-site for three days now. Autobot works fine, everything seems to be legit. My favourite was 999dice, but your site starts to like me more. Very comfortabile, very smooth. Quick transactions.  GO GO and good luck!!

[wpalczynski]

@ Bobbax

I've got a question for you I hope you can explain to me.

Looking at the Bank profit from Doge from when I invested around January 26th to now it has gone from 650k to 2 million profit for the bank.  During that time I have represented between 95+% of the bankroll to ~48% of the bankroll. 

What I find puzzling is that over the time where the Bank made ~1,350,000 doge profit I have lost 860k on my 2,600,000 investment. 

Can you please explain how I could be down so much doge as an investor while the bank is making profit?

Thanks.

[Bobbax]

@ Bobbax

I've got a question for you I hope you can explain to me.

Looking at the Bank profit from Doge from when I invested around January 26th to now it has gone from 650k to 2 million profit for the bank.  During that time I have represented between 95+% of the bankroll to ~48% of the bankroll.  

What I find puzzling is that over the time where the Bank made ~1,350,000 doge profit I have lost 860k on my 2,600,000 investment.  

Can you please explain how I could be down so much doge as an investor while the bank is making profit?

Thanks.

First I'll not reveal any data about your investment to the public, that's my privacy politic.

Let's take a quick look to the DOGE charts first.

Notice the leverage system were implemented on the 30 January.



If you owned between 95% and 48% of the bankroll, we can guess that your leverage is pretty high.
We can also say, according to the leverage chart, that a lot of other peoples pushed the leverage high (bankroll % fight). The average leverage for DOGE on the 3 Feb were about (695,000,000/10,600,000 = ) 65:1 (kamikaze bankroll).

If you play the leverage, your profit (positive or negative), isn't depending anymore of when you made your investment, but how you managed your leverage and your bankroll % variation.

An example:
If you own 50% of the bankroll on the 13-14 Feb (during the bank winning spike), you'll win 50% of the profit.
But straight after, on the 14-15 Feb, the investment goes down, someone probably divested or leveraged down, meaning you're owning a bigger part of the bankroll. During (14-17 Feb) this period we had a big lost, if you were owning 90%, you'll lost more than you won with 50%.

[wpalczynski]

At my AT profit peak i was up 1.5 million on my 2.6 million so i had about 4.1 million in the bank.  Lets call that time peak profit.
Lets assume that was Feb 15th according to the chart where bank profits were 4.1 million.

When I first wrote the post today bank profits were down to 2 million (they have dropped since then but lets talk about that point it time.)  So from the maximum bank profit ever of 4.1 million to that point in time today bank profits dropped by 2.1 million however my bankroll dropped from a maximum of 4.1 million to 1.74 million at that point in time which is a drop of 2.36 million.  Even if I was the only investor how can I be down more then the bank has lost, leveraged or not.  Keep in mind that i was nowhere near 100% of the bankroll during that time, probably closer to 50%.

Please feel free to post any details related to my investment or leverage which will help explain this.


PS:  I also spoke to another investor probably represents the other half of your sites doge investment and at that point in time I've been referring to he was down 1.7 million.

@ Bobbax

I've got a question for you I hope you can explain to me.

Looking at the Bank profit from Doge from when I invested around January 26th to now it has gone from 650k to 2 million profit for the bank.  During that time I have represented between 95+% of the bankroll to ~48% of the bankroll.  

What I find puzzling is that over the time where the Bank made ~1,350,000 doge profit I have lost 860k on my 2,600,000 investment.  

Can you please explain how I could be down so much doge as an investor while the bank is making profit?

Thanks.

First I'll not reveal any data about your investment to the public, that's my privacy politic.

Let's take a quick look to the DOGE charts first.

Notice the leverage system were implemented on the 30 January.



If you owned between 95% and 48% of the bankroll, we can guess that your leverage is pretty high.
We can also say, according to the leverage chart, that a lot of other peoples pushed the leverage high (bankroll % fight). The average leverage for DOGE on the 3 Feb were about (695,000,000/10,600,000 = ) 65:1 (kamikaze bankroll).

If you play the leverage, your profit (positive or negative), isn't depending anymore of when you made your investment, but how you managed your leverage and your bankroll % variation.

An example:
If you own 50% of the bankroll on the 13-14 Feb (during the bank winning spike), you'll win 50% of the profit.
But straight after, on the 14-15 Feb, the investment goes down, someone probably divested or leveraged down, meaning you're owning a bigger part of the bankroll. During (14-17 Feb) this period we had a big lost, if you were owning 90%, you'll lost more than you won with 50%.

[Bobbax]

Right, I did a deeper investigation as the charts aren't showing everything: they only register the current state every 1h40.

Someone did 2 investment manipulation attempt. The 1st on the 13 Feb. between 9:00 & 13:00 GMT+1 and an other on the same day between 19:00 & 22:00.

He was just pushing max leverage, on a pretty high investment when he was thinking that the next bets are going to lost. That way, he get back a part of the lost funds by owning a big % of the bankroll.
When he think that the next bet is going to win, he divest: what the point to win your own coins ?

He switched many times and won +2M from the investors. He lost also a lot but most came back to him, and made the bank profit growing.
The second attempt were less successful, then he cashouted most coins and never did it again.

The site profit don't know when you're playing money you earn from your investment. It just register win & losses amount.

This kind of manipulation is pretty "useless", it's not better than doing a normal bet session:
if you own the bankroll and win, you win your own coins.
if you left the bankroll and lost, you give your coins to the current investors.

My conclusion is just that he won.

[wpalczynski]

Bobbax,

I know that he won, whatever investing divesting he did to get ahead is good for him.  I am interested in why I lost more then the house total loss even though I am less then 50% of the bankroll.  Thats what I need you to explain to me.  You have the data on your end.  I was watching those numbers for more than an 1hr 40 mins so the delay shouldnt come into play.

From what I could observe, at the time of my first post today, even though during the period when those losses occurred I represented less than 50% of the bankroll I lost 2.36 million doge while the house only lost 2 million.  This is what I would like you to explain to me please?

50% of house bankroll lost 2.36 million which means that the other 50% of the bankroll lost 2.36 million too.

2.36 times 2 is 4.72 million loss for investors while during that time the house or casino only lost 2 million.

These investing divesting strategies you outline by a player are not what I am concerned about.  For me the math doesn't add up.

Right, I did a deeper investigation as the charts aren't showing everything: they only register the current state every 1h40.

Someone did 2 investment manipulation attempt. The 1st on the 13 Feb. between 9:00 & 13:00 GMT+1 and an other on the same day between 19:00 & 22:00.


He was just pushing max leverage, on a pretty high investment when he was thinking that the next bets are going to lost. That way, he get back a part of the lost funds by owning a big % of the bankroll.
When he think that the next bet is going to win, he divest: what the point to win your own coins ?

He switched many times and won +2M from the investors. He lost also a lot but most came back to him, and made the bank profit growing.
The second attempt were less successful, then he cashouted most coins and never did it again.

The site profit don't know when you're playing money you earn from your investment. It just register win & losses amount.

This kind of manipulation is pretty "useless", it's not better than doing a normal bet session:
if you own the bankroll and win, you win your own coins.
if you left the bankroll and lost, you give your coins to the current investors.

My conclusion is just that he won.

[Bobbax]

I am interested in why I lost more then the house total loss even though I am less then 50% of the bankroll.  Thats what I need you to explain to me.  You have the data on your end.  I was watching those numbers for more than an 1hr 40 mins so the delay shouldnt come into play.

You just didn't lost more than the house, as all other investors (including me).
You did allow me to show your investment data, you'll find one of your investment chart below.

We can see on the Feb. 13 that the wagered coins spiked, most was due to that player toggling invest+high leverage/divest.
Around 110k wagered. It's ~25% of the total wagered amount.


(site DOGE wagered amount)

You're trying to find a correlation between the site profit indicator and your investment, that's where you're going the wrong way.
Usually, the site profit and your investment should be indeed pretty similar, the variations caused by the coins back from an investments are too low to be seen.
As said in my previous post, the site profit don't know when you bring back into the game your own played coin, from your investment.
If you own 50% of the bankroll, bet 10 and lost, you'll get back 5. If you replay with the 5 coins you just lost: it's causing variations, because your started with 10 but in fact played 15.

I think you're mostly worried about what happened on the Feb. 13, because the rest of the charts looks like your investment chart.


(your chart - site chart)

Just by looking the previous bank's big win, you earned approx half of it. Watching other waves provide pretty similar results (winning or losing).

The Feb. 13 player caused huge variations. He did replay a lot of lost coins and earned a lot of investors coins.
At this stat of the game, it's not so hard to do, because it's still easy to own the bankroll.

It's not cheating, he could lost on that, that's even not a strategy. Look like he tried twice and never did it again.

[Bobbax]

Level & Points system

This system is going to be implemented on the next build.

Basics:
This system is currently a social feature, which will evolve over the time.
Players who are participating by wagering coins, sending tips to the rainbot or faucet and chatting, will earn CCD Points (CDP).

CDP act like a coin: you can bet with it, invest your CDP, tip, etc... the faucet will also provide some.

When you're chatting, users are shown your level according to the amount of CDP you're owning.
At the moment your levels aren't providing any privilege. In the future, you'll able to unlock features with your level.

Earning CDP:
On every bet you'll earn Points.
This amount is depending of your bet size, chance and an exponential coefficient.
If you bet high, with high risk, you'll earn more CDP.

Small examples:
With a chance of 50%, betting twice 10 DOGE will give a less CDP than betting once 20 DOGE.
Or
Betting 10 DOGE with a chance of 50% will give less CDP than betting 10 DOGE with a 10% chance.

Chatting also provide a small amount of CDP. This amount is pretty low to keep the chatbox clean and prevent peoples to spam.

Tipping the faucet and rainbot giving high reward. The maths are the same as betting, but the chance factor is fixed.
For the faucet the chance factor is set on 5%, and it's 10% for the rainbot.

CDP formula:
This formula is subject to be updated on need.

Points = ([(COIN_BTC_VALUE * BET_SIZE) * 100] ^ 1.25) / CHANCE

[Bobbax]

The new version is live !

Public changelogs: https://www.cryptocoins-dice.com/files/changelog_public_1_1_5.txt

This new version mostly include the Level & Points system, Rainbot changes, faucet increased on BTC & XMR, an AD program and new stuff for the chatbox.