I think this is interesting. As others have pointed out there is no way to keep a site operator from running with the bankroll. However, this lets investors increase their exposure without having to send all their coins. So if you have 100 btc, you don't have to trust Alex with all 100, just with 10 knowing that the 10 you do deposit can get won by gamblers very quickly.
Seems like an interesting approach and does have the benefit of being novel.
Topic: BitDice.me - New & SAFE Way To Invest [For Investments > 50BTC] (Read 1464 times)
October 15, 2014, 07:39:21 PM
I can say i dealt with owner for 8 months now with advertisment and I play at his sites and never once seen a negative thing said about him. He's one of the few honest people in this dirty industry
Well... nobody had anything negative to say about the previous two sites that scammed. They built good rep and then decided to run with the funds. Isn't that how it usually works?
Yes But PRC is a good site. The only Good site.
but PD is also good plus they have a excellent support
October 15, 2014, 07:37:36 PM
I can say i dealt with owner for 8 months now with advertisment and I play at his sites and never once seen a negative thing said about him. He's one of the few honest people in this dirty industry
Well... nobody had anything negative to say about the previous two sites that scammed. They built good rep and then decided to run with the funds. Isn't that how it usually works?
Yes But PRC is a good site. The only Good site.
October 15, 2014, 07:09:44 PM
I can say i dealt with owner for 8 months now with advertisment and I play at his sites and never once seen a negative thing said about him. He's one of the few honest people in this dirty industry
Well... nobody had anything negative to say about the previous two sites that scammed. They built good rep and then decided to run with the funds. Isn't that how it usually works?
October 15, 2014, 07:07:15 PM
BAHAHAHA dogedice or bitdice trying to win over trust by copying PD site design.
PRCDICE is better anyday!
PRCDICE is better anyday!
October 15, 2014, 06:53:02 PM
Can you please explain how this is a safe way to invest. What's stopping you from running with investment funds or creating a backdoor to cheat investors? Just like the other two "popular" dice sites did.
yup, there is no guaranteed safety, he can run away anytime he wants with the investors fund
That's exactly why I made it.
You invest only small fraction of your bitcoins and risk only with those fraction, however your expected profits made such as you invested all your bitcoins.
October 15, 2014, 06:49:04 PM
I can say i dealt with owner for 8 months now with advertisment and I play at his sites and never once seen a negative thing said about him. He's one of the few honest people in this dirty industry
October 15, 2014, 06:32:37 PM
Can you please explain how this is a safe way to invest. What's stopping you from running with investment funds or creating a backdoor to cheat investors? Just like the other two "popular" dice sites did.
yup, there is no guaranteed safety, he can run away anytime he wants with the investors fund
October 15, 2014, 06:31:20 PM
here you are again with a new account to troll over all the gambling site threads. aren't you satisfied yet?
October 15, 2014, 05:19:20 PM
bitdice.me and dogedice.me are scam sites.
The best site to play is PRC DICE
The best site to play is PRC DICE
October 15, 2014, 04:49:03 PM
Can you please explain how this is a safe way to invest. What's stopping you from running with investment funds or creating a backdoor to cheat investors? Just like the other two "popular" dice sites did.
October 15, 2014, 02:54:35 PM
There are many dice sites already and many sales force expanding questions 
But from the other hand - investors also finding something safe ...
But from the other hand - investors also finding something safe ...
October 15, 2014, 01:26:49 PM
There is a bug, though.
The "you are supplying" percentage doesn't take the kelly factor into account. It should I think. The graph too.
The "you are supplying" percentage doesn't take the kelly factor into account. It should I think. The graph too.
October 15, 2014, 12:31:03 PM
As I have said elsewhere, I like it. It is a dangerous but rather necessary feature as we have seen. Be careful people.
BitDice.me will have the biggest bankroll soon.
BitDice.me will have the biggest bankroll soon.
October 15, 2014, 10:53:29 AM
Current events have shown that something should change in the market. Things cannot go on like it has been. Casino owners hold large amount of funds, investor risk is high, not due to site's variance but also due to potential trust issues with the site owner.
Hence, a week ago, we have implemented Kelly for investors. This is the reason we have a maximum profit of 37 BTC (PD has 40 BTC).
In short, you can deposit 100 BTC but will gain or lose as if you've deposited 1000 BTC with x10 Kelly.
I did think about allowing all users to change kelly and decided against it as there is too much risk involved - they could lose everything with a few max bets on the site. I have limited Kelly to 10. All users will have it at 1x Kelly by default.
When you confirm that you have at least 100 BTC (by signing a message with the address) and send me an email with your username, I will update your account to the selected level.
If you have any questions and / or suggestions on how I could improve the system further, I would be happy to hear them.
I am also thinking of moving away from cold wallet to multisig addresses. I am still reviewing this option. I try to do all I can to improve security levels with all my sites.
Best Regards,
Alex
Hence, a week ago, we have implemented Kelly for investors. This is the reason we have a maximum profit of 37 BTC (PD has 40 BTC).
In short, you can deposit 100 BTC but will gain or lose as if you've deposited 1000 BTC with x10 Kelly.
I did think about allowing all users to change kelly and decided against it as there is too much risk involved - they could lose everything with a few max bets on the site. I have limited Kelly to 10. All users will have it at 1x Kelly by default.
When you confirm that you have at least 100 BTC (by signing a message with the address) and send me an email with your username, I will update your account to the selected level.
If you have any questions and / or suggestions on how I could improve the system further, I would be happy to hear them.
I am also thinking of moving away from cold wallet to multisig addresses. I am still reviewing this option. I try to do all I can to improve security levels with all my sites.
Best Regards,
Alex
Jump to: