I saw this thread linked in the Just-Dice "troll box", so thought I'd take a look. I skimmed through it and replied to the parts that referenced Just-Dice.
I think that some of those dice sites are a good choice, just-dice has this investment option.
Just-dice has been in the game for long enough time to be called "trusted".
But there is always a chance that the site is hacked or the owners (or some of the programmers) take all the coins and run.
There's only one programmer, and he's also the owner. He's also me.
I stopped dealing with Bitcoin because I didn't feel comfortable holding $50 million worth of other people's Bitcoin. If I was going to "take all the coins and run", I would have done it when I had $50 million worth, not after switching to an altcoin deliberately to downsize.
Thanks for mentioning Just-Dice though. We recently reached the 200% point - anyone who contributed to the Just-Dice bankroll when it relaunched 7 months ago will have just doubled their deposit as of last week. On top of that, the price of the altcoin we use also doubled over the same period, so they will have quadrupled their money in dollar terms. 400% return over 7 months isn't bad, but of course we can't promise the same will happen over the next 7 months.
I tend to avoid anything with ROI under a year, 99% of those are scams.
I keep seeing people talk about how long "ROI" takes. What does that mean?
If you invest in something and get a profit of even 0.00001% per day, isn't that still a return? Aren't you making a return on your investment from day 1?
I understand if you're buying something, like a mining contact say, which takes 100 days to pay you the amount you paid for it. Then you're running at a loss for the first 100 days, and at a profit after that. But isn't that a special case? If I buy Apple shares, I'm investing in Apple. Does it make sense to talk about "how long for ROI"? If the shares go up the next day, I've made a return immediately, haven't I? It's the same with Just-Dice, and as far as I know all other dice sites with crowd sourced bankrolls. You can invest and divest at will, with no fee, so you can "ROI" in 5 seconds if you're lucky.
Is there ANYTHING worth of investing these days?
Just Just-Dice in my opinion, I haven't seen a service where there is a non-guaranteed but solid chance of return other than that gambling site, not that their aren't good investments around the problem is that they aren't IPO or fundraising at this time.
Thanks for the vote of confidence. Note that Just-Dice pays staking rewards as well as sharing gambler losses. Others mentioned proof-of-stake coins as a possible investment. Just-Dice uses
CLAMs, which are a proof-of-stake coin, generating something like 0.2% per day at the moment. Somewhat strangely this huge inflation doesn't cause the price to drop - the price has been increasing pretty steadily along with the supply.
Interesting, could you elaborate a bit on just-dice. How does all this investment process work? What is your personal ROI experience with them?
You deposit coins, then contribute them to the bankroll. Players bet against the site. If they lose, you win and vice-versa. There's a 1% house edge, so in the long run you expect to profit. Additionally your coins stake for you while they're in the bankroll. The profit from staking generally covers any losses from players winning, even in the worst week we've seen so far. You get to chose your risk level. The most conservative investors have been seeing around 1.4% per week recently. Higher risk investors see much less stable returns, ranging from -3% to +10% per week recently.
This post gives actual week-by-week numbers for the two extremes of riskiness.
Your investing in the bankroll of the site on just-dice and gets % of the earned profit depending on your % of the total bankroll, i think the sites part of the profit is 20% so 80% of the profits goes to those staking the bankroll if it works the same as it did back when the site was btc based.
The site takes 10% of (new, net) profits from losing players, and 10% of staking rewards. It's the same as it was for BTC.
it does add two additonal layers of risk verus Bitcoin one it adds an Altcoin to the mix then the price of Bitcoin as an additional relation, and second operator risk, still it is better than most of the ideas I've seen in the thread so far, conversion considered its been pretty stable.
That's a good point. You are exposed to fluctuations in the price of CLAM, and CLAM's market cap only recently broke the $1 million barrier (compared to several $billion for Bitcoin).
To be precise, every BTC, LTC, and DOGE address that had a non-dust balance on 12th May 2014 was given 4.6 CLAMs in the initial distribution of CLAM. So lots of people already have CLAMs waiting for them, for free. You need to have the private key for the funded address to claim the CLAM, but don't need to give it to anyone. You can check whether any particular BTC, LTC, or DOGE address has free CLAMs waiting for it by typing /dig and the address in the chat tab at Just-Dice.com.
Why clams? All these other elements seem OK but clams??? Using BTC or some other more prominent alt would be much easier option.
Why CLAMs? I'm not sure. I was interested by the distribution method. Thousands of people already have some, for free. The coin was fully pre-mined, then all of it was given away, 4.6 CLAMs to every BTC, LTC, and DOGE address. I liked that idea. The problem with running the site for BTC was that it attracted way too many coins. I was
holding over 60,000 BTC at one point. It's hard to imagine, but that's too much money to be able to relax around...
Oh i guess that it was to promote the claims coin, i think dooglus was the person in the world that had most bitcoinadresses with a balance large enouth on them when claims started to qualify for free coins so he was the one that got most free claims, more than anyone else in the world did get.
I get that a lot, but it's not actually the case. I used to be very OCD about keeping the Just-Dice wallet tidy. I would regularly sweep its balance into a single "cold wallet" address. I think I had about 30 funded addresses at the time of the CLAM initial distribution, and so got around 130 CLAMs for free. Maybe it was 20 or 40, but it was something around there. It's a little unfair, because people who never tidied their wallet up, and just let unspent outputs linger for months will have done much better than people who made the effort to keep the majority of coins safely offline.
Edit: I just counted.
I got 49 sets of 4.6 CLAMs.
Checking in on this thread since its been a while my clams are still growing due to staking and price has been stable since my last check in so doing good
Did you stay invested? What return have you seen over what period?
