Topic: BITDICE.me - Crypto Casino 🎰 Now Accepting EOS | Roll Hunt | Bonuses - page 3. (Read 132199 times)

We are planning on adding weekly competitions. Most likely separate weekly prizes for each currency.

All you're saying is interesting but what I'm not sure about is whether you are quoting the exception here or not? It seems to me that many other casinos do have a high success rate from their weekly/monthly competitions so is this something that perhaps this casino may consider? This being reflecting as the voice from its costumers?

@milewilda what a brilliant start to the month of February, and this is a whale people a big fat whale who’s decided to come and play at Bitdice because they know how good this casino is. It’s also pertinent to note that whales and all other players love to play at Bitdice even when there’s no competition going on, and hopefully now people will stop doubting about Bitdice ability to attract the whales.

It's always depend on persons perspective and turn of events since there are several gambling sites who offer competition which the winner can get a huge rewards and the competition to win will be inserted on that talks but if just talk about to play on our own without thinking on other's rankings then their will be no discussion unto that matter since many player plays just to chill up.

And since many people asking for competition maybe it's best for Bitdice to give what people ask since I think it will add the excitement to play here.

Gambling is not a competition though I think! I know I play for fun, and I know others play seriously but what is there to compete for if there is no contest going on? If you're playing in a tournament, a competition then sure, but most of us in a normal time are playing for ourselves. Why compete if we have our own goals, right?

But anyway, joseph, no contest going on;)

What I meant with "no competition" means that there's no contest because if you have been following the thread, there is/are members that are looking for a contest/competition.

Sorry if that word has been misunderstood.

No competition? Mate, gambling is competition, isn't it? I know some people play for fun but I think we both know that most people aren't. And isn't competition bring out the best in people/players?
At the end of the day, for some, gambling is an addiction just as much as it a vehicle for ' the winner' syndrome. The bottom line is that people like to win and competition is good, it pushes players to do their best. SO let them do their best and increase their chance of success 

BoX has been responsing well to you guys. Let's keep the discussion related to BitDice casino itself. 

New and unfamiliar names but there's still few more days to see who will be at the top of this weekly ranking. No competition just pure gambling.

Agreed. The fact remains that work is being done and while this thread might be a good way to get attention, I am not behind the business decisions and I've answered the questions that have been asked to the best of my knowledge but it's starting to get repetitive.

You guys do derailing up this thread.If you do have concerns or do have issues about Bitdice then go and make another thread on specific board and the team will answer you.This isnt the appropriate ones. 

Where’s the quarterly report so we can read the latest lies about how our expenses have doubled and our revenues fallen to a pittance?

The token is down largely because there are no exchanges and the communication sucks.

Not to mention the misappropriation of our funds going towards things we never agreed to in the white paper like two years of operating costs with no milestones met and lawyers being paid to hide the perp’s identity behind paper offshore fortresses.

Its better to be late than never. 
They've already said that there would be updates for this 2020.Are those words isnt enough for you?

There is not point in comparing speed point is delivering what has been promised.
BitDice promised  many thinks that will be finished before the end of 2018 and they are still in development 

BitDice bets are already fastest, there is nothing to improve when you are the best. Les then a year was here in this thread posted some rankings of web casinos and they were measuring how many bets you can make a second and BitDice was on top. Check history and you will find it for sure. To bad you were not active here back then

People should learn to ignore signature spammer nonsense!

The value of the coin is of course connected to the casino operation!

Bitdice commited the criminal offense of investment scam because it collected money for a project it did not deliver!

It isn't much for them, wait until another wager competition comes out and you will see the huge amounts that will be participating on that future competition. Just like what happened with the past contests.

We're not a whale so obviously it is too much for us. 

To add to the discussion:

1. The token entitles only in profit participation. The invested assets no longer belong to the token owners. (which is a stark shift compared to earlier investements where you could redeem your money).
2. In the whitepaper they state that the money invested was to be used for:
"25% of the funds will be kept in vault as reserve. At BitDice’s discretion and dependent on market conditions, some portion of reserves can be used to buy out tokens on the secondary market to reduce public float"
"10% of the funds will be used for promotion and marketing purposes."
"25% of the funds will be used by BitDice Casino to fund capital expenditures related to platform development and business expansion. It will primarily consist of:

• Compensating the development team for enhancing BitDice functionality, applying new technology and integrating gambling providers into the platform.
• Developing its own unique and provably fair games on top of the old ones.
• Acquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible.
• Paying legal fees to bring the whole business structure into full compliance with regulatory framework.

"40% of the funds will be stored as the casino’s house bankroll to pay out winning bets and bonuses to the players on the whole array of games presented"

3. Now, if you take a look at their quarterly reports you can read things like:
"Higher expenditures have been related to business expansion activities such as finalizing integration of fiat payment systems, expanding to new markets of Southeast Asia, and strengthening presence in social media."
"The majority of the cost was attributed to team salaries and legal fees associated with ongoing process of obtaining a license:"

The result:
These expenditures reduce the distributable profit quite significantly. Which means that token holders (at least those participating in the ICO) pay twice. Once for the token itself and then via the reduced profit.
And just to reiterate: In the whitepaper/prospectus they clearly calculated the dividend with 70% of the profits. There's no mention of running costs.

I can live with the abysmal performance of bitdice, but I don't like getting ripped off.
Either they pay the above mentioned expense from the ICO proceeding and fully distribute the profits. Or they pay all expenditures from the net profits, but in turn treat the tokens like shares in the company.

The last point is vitally important in the case of closing the company. Let's assume in 2 years the team decides that the company wasn't profitable anymore and that they want to close it. The tokens would be worthless at that point, although the assets from the ICO are mainly still there, probably beeing distributed among the team.
One might even say that this creates an incentive to running the company into the ground...