New version of bustabit looks pretty cool, and the "valor" seems interesting.
Why are investor profits realized as silver and need to be fused with valor to get BTC though? Doesn't make a whole lot of sense to me.
Why are investor profits realized as silver and need to be fused with valor to get BTC though? Doesn't make a whole lot of sense to me.
I'm trying to avoid repeating the mistakes I made in moneypot, so I guess here's the backstory: in MP I could've provided the bankroll myself (and/or shared it with BaB), but I intentionally didn't as I thought it would be a community-building feature type thing. I also assumed it'd be less stressful if I wasn't a big investor and didn't need to worry about variance.
However what ended up happening is: a) Risking other peoples money is actually more stressful than risking your own. b) Almost all substantial investor logged in only ~twice. Once to invest, once to divest.
During the ~6 (?) months before I sold the project, I believe those investors made something like 30-40% return in that time period. The whole thing left me thinking that if I were to do it again, I would structure it radically differently.
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So taking from that, my original idea was that only active gamblers could invest in BaB, or there would be certain wagering requirements. Then after generalizing a bit, I came up with the idea: for every 1 bit of investing profit you make, you need to have wagered 100 bits. But if you're an investor, and not a gambler -- you can buy that "wagering requirement" from actual gamblers (and thus subsidize their play).
So as you can probably tell by now, "wagering requirement" is known as "valor". Gamblers automatically get 1 valor for every 100 bits they wager. And "investing profit" is known as "silver". And they are freely tradable between players, with the ultimate goal of community building. To also further this goal, investors profits will be automatically divested each day. This way investors need to login to every day and interact with the community if they want to experience the magic of compounding returns (i.e. investors profits are divested in the form of valor, and they need to either trade or gamble to get silver in order to convert it to bits, to reinvest).
From gamblers point of view, the new setup is pretty great. You effectively will get a ~50% off the house edge, selling your valor to investors
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You also noted that the database will be reset frequently, that means testnet coin balances will be lost as well as accounts, right?
Yeah, although if you need/want your testcoins back, just shoot me an email and your address and I'll happily send
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Here's an small issue I found (I don't like using github, so I'll post it here)
Thanks, I'll take a look soon. Something came up in my personal life that's taken me out of action for the last couple of days and will stop me working on it for at least a few more. However, I'm still checking in on things and making sure all the prod support tickets are handled and everything is running smoothly. But there probably isn't going to be any new commits this week.
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Edit: Does instant withdraw do anything?
I should probably create a different thread for the dev site, so people don't think there's a production problem. But the withdrawals there don't seem to be working at all, i think I broke something pretty badly. I'll be fixing that soon =)
