We would need that 360 days average somewhere in the website.
Yes, basically this is forcing the bankroll to go back to something like 1000 BTC... I bet lots of investors won't even notice these changes and just leave their investment there, even if they may be paying a 100% fee. I wonder what percentage of the bankroll is composed of that kind of investors.
Even if gamblers are rarely targetting the max profit, seeing a much smaller one may make people less willing to gamble, as the max profit may be a factor in their strategies.
The last time the terms were updated I had planned to attempt to contact all investors that hadn't seen the announcement yet, but when I checked every investor without exception had visited the site at least once from the time of the announcement on the website to the changes coming into effect. If that's any indication bankroll investors tend to keep tabs on their bankroll stake fairly well.
I would propose Devans to:
1. Use a formula just based on USD. If wagered is really stable in USD terms, this seems reasonable. And USD is stable enough that there shouldn't be any need to use that strange basket. The website should still show that 360 days average somewhere and explain which exchange is it taking into account for the calculations.
The US dollar isn't relevant to most of our players. And while it is perceived as largely stable, I'd rather err on the side of caution and ensure the formula stays relevant regardless of any individual currency we choose as a proxy. I am confident that this way the commission structure will at most require tweaking every few years.
I agree with you on making the effects on the commission rate more obvious and showing more data. bustabit will soon start showing the current commission rate on the web site as well as provide historical data for the exchange rates we use, the bankroll size and the wager volume.
2. Don't drop the "target maximum bankroll" so much at once. Try dropping it gradually and see how players react. If wagered/day stays stable, you could consider lowering that target bankroll size. Dropping it by so much may have unwanted consequences for players and is very confusing and negative for current investors and makes them have less confidence in the project, as you may choose to do some other drastic and negative changes in the future. This is even more relevant when divesting and investing has a cost (dilution fee).
Consider that the size of the bets bustabit needs to service are stable in purchasing power rather than in Bitcoin and that targeting a bankroll size in Bitcoin doesn't really make sense for that reason. From bustabit's perspective the target size for the bankroll hasn't decreased at all–if anything it has slightly increased over the past few years. What has changed is that the bankroll went from being worth a reasonable-ish $67m half a year ago to an insane and frankly unnecessary $155m today.
The bankroll was less than half of what it is now for most of bustabit's history–even since v2 launched–so fear that players will be unable to bet like they are used to isn't warranted in my opinion. For the majority of players it doesn't matter whether they can win the equivalent of $1,500,000 or "only" $500,000 in a single round.
