Topic: Cryptocoins-Dice.com | BTC XRP XMR XMG DOGE | Play Invest Leverage Faucet - page 3. (Read 13231 times)

Whats POC?

There was no insult from my side - I said you would have a hard time proving you're not a scam given the situation, that is not incorrect. I further said that someone with greater familiarity with the dynamic would need to look at the code, and that is also not incorrect. I'm not suggesting you open-source your code, but you could definitely open-source or privately distribute the investment / betting algorithms responsible for this behaviour.

I don't want an answer from smooth, I want to be treated by the company owner like I am a sizeable investor. Because I am, even after this 90% loss. Continuing to dodge around semantics and my word choices just makes you look guilty

Please disable leverage!!!

You are more litle for proposal leverage .


45 Minutes after CCD print information lost 0.12BTC.
CCD as lost 0.15BTC not investor .

I have luck with me on start POC .
I have win only 0.04 BTC on gambler view reduce investisor view.

And my investisor AT as switch 0.00047319 -> -0.09571797   ( not fee for me for next 0.15BTC on investisor )
All Investisor lost only 0.04 ( Results only of my luck )

I can make POC more extrem
For 0.5 BTC  LOST , I can make AT Site lost more between 50 BTC and 100BTC  
And same time regulare investor share 0.5BTC  and my investisor page as 50BTC and 100BTC of profit without fee.
 

Not sure what you are trying to say here.

Hi fluffy,


You're not the only accusing my site of being a scam right after that loss for the investors.
I'm not here to insult peoples but I'm not here to be insulted too.

You asked how that loss happened and I sent an answer. The winner even came here to share witness.
I'm aware nobody want to lost such amount, but as I said, the global average of the bankroll was pretty much irresponsible. 80:1 is an oblivious high risk.

smooth mentioned it the right way:


So we were at 80:1 and the max profit is 0.5%. Within 3-4 bets you could just lost all.

I'll find back the bets and send them here tomorrow, I'll be not available anymore for today.

Some make this test?

your bets/wins? 

how much you sent bitcoins
and how much you wins? in precentages? i am interest
maybe i am my bitcoins invest 

Bobbax,

What is scandalous is your replies to this https://bitcointalk.org/index.php?topic=929949.80 .  You have not mathematically demonstrated how it is possible that during a time period in which the house lost 2 million fluffypony and I both lost over 2 million each.  Basically investors lost more then 2 times what the house lost in that same period.  The explanations you provided make no sense to me or other people to who I reached out for an opinion on the matter.  Initially you avoided the core of the question, this raises major red flags.

One would think that as a casino owner you would want to ensure that your biggest investor at the time (me) would understand how he is losing large amounts of money to what look like gross mathematical anomalies.

Honestly, your attitude here towards investors is terrible. I can forego miscommunications due to the language barrier, but it is clearly insulting to say that investors are "making scandal on the site" and that we're "irresponsible". We're investors in *your* business, we're providing the very foundation your site builds on. We don't mind making a loss, but we want to understand why we incurred a loss, and the explanation is critical as it explains why us or anyone else should continue to invest. If there's something we're misunderstanding then the onus is on you to take the time to explain it to us.

Thus far you've not contacted me (or wpalczynski, I imagine) to walk us through things so we understand why we've made a 90% loss on our investment. Insulting us because we don't have magical insight into what your (closed) source is doing is really not doing you any favours.

The version 1.1.7 has been released.

You can find the changelogs here: https://www.cryptocoins-dice.com/files/changelog_public_1_1_7.txt


New Options has been added on the 'Options' board:




Tag & trust system for the chat:
A player was got scammed on the chat by an user who used an other player username which is looking similar (he did played with L and i).
The chatbox is always showing the userid right before an username. But it's not always easy to remember all the user id of peoples you trust.
So I added the possibility to tag other players.
Players you trust are tagged in green, and those you're not trusting in orange (the following picture is only an example of the system) :




Started to add new security options:

Hi,

The site has been updated yesterday (or early this morning for GMT).

I modified one of the core rule of the game that causing investors making scandal on the site. I can't afford such scandals from some peoples with high reputation at this state.

The accusations aren't justified and felt after a player won a lot. As I said in my previous posts, indirectly, the leverage on DOGE was just irresponsible, allowing the max profit to going extremely high compared to the initial bankroll (1/3 of the bankroll), and so, allowing players to win/lost high.

I think most peoples are misunderstanding the leverage system, which is kinda working like kelly, and which is, on the basis, similar to the JD's leverage.

The decision I took is maybe temporary and can be updated again in the future: the max profit isn't related anymore to the bankroll with leverage but to the initial bankroll.

What does that mean for the site, players and investors ?

It mean that the max profit is a lot lower.
For the players that change is pretty frustrating because they just can't bet as high as they did anymore until new investors enter in the game.
For the investors it mean the volatility is a lot less higher and the risk/chance to lost/win high is reduced.

The leverage itself still works the same way and still imply a risk.

Notice that was because the max profit was bind to the bankroll with leverage that XMR and XRP recovered. It was also the reason DOGE & BTC goes down.

I'll keep monitoring the effects of that change on the site and investment, but that will simply result in less violent grow/drop.

You're mistaken; leverage doesn't work the way you think it does.

With 100x leverage "the house" only needs to lose 1% against the bettors for investors to lose 100% of their investment. Even with an edge, the house being down 1% will happen frequently.

Leverage is dangerous and the effects are in many some ways non-intuitive. Don't leverage at 100x if you don't want to lose all your investment sooner or latter. The 1% edge will not save you. On the other hand, I'm not opposed to 100x leverage if people are well informed about the risks they are taking. For example, it may make very good sense to do that if only a small portion of your overall capital is not invested on the site at any one time. (This was the original stated purpose of the feature at j-d, where it is called "offsite".)

When people have asked me I have said that anything above 2x or 4x leverage is risky and requires exceptionally good judgement and very keen understanding of the system to pull off successfully. This has been borne out.

EDIT: again, this is not an endorsement of the site. I have no idea if there are bugs, exploits, fraud (internal or external), etc.

I agrée.

If bankrool is  100   with laverage is 8000.
Lost 1% on 8000 is 80% for 100.

Add with amount for min bet and amount for max bets .
I can make 1/2 15 times.



 

This is not really true. I think just-dice ran at a loss for a long time, on much bigger volume. What tends to happen is that there are relatively few very large bets that account for most of the action, so even though there are millions of bets, most of those don't really count at all for variance purposes (weighted average of which is by x²).

EDIT: This is not an endorsement of the site. I have no idea if there are bugs, exploits, fraud (internal or external), etc. I'm just saying that with a 1% edge and varying bet sizes, the effect of luck is more than you may expect.

Unluckiest I don't know,

can't say better, I prefer investors getting earning, what's happened isn't good for the site, nor for me. I'm also not getting any earning if investors aren't going positive.

The fact is that with a leverage of 80:1 on a 6.5M bankroll, so for a max profit of 2.6M, 1 bet winning on the max profit is already a 2.6M lost for all the investors.

I was the user who won big on ccd this morning.

My stats are as follows.

My BTC All-Time Stats -- Bets: 58,715 -- Wins: 29,030 -- Losses: 29,685 -- Wagered: 23.69811260 -- Profit: 2.08856298.
My DOGE All-Time Stats -- Bets: 91,048 -- Wins: 47,786 -- Losses: 43,262 -- Wagered: 23,657,975.75038303 -- Profit: 4,413,370.05543156.


Admin was involved cause he had to refill the hot wallets so I could withdraw and exchange.

The reason they didn't show up was cause not all the bets where high bet values.

So ccd is not a scam or compromised. I just had a couple good runs this morning. It happens in any kind of casino, winners are what attract other gamblers with the promise of having equally large wins.

If what you are saying is true then this has to be the unluckiest online casino in the history of casinos.  After running for well over a month its investors are at a net loss when you combine all currencies.

You want understand why ?
Open eyes !

Is normal bank lost all.  (round , leverage , nonce )

Hi fluffy,

CCD isn't a scam, or I would have run away with the +55btc I had with the Monero investors when the site started. Also, I would trick the bank, I wouldn't proceed a way that scaring people away from the site.
Anyway, the numbers here are real, unfortunately. I'll not hide them.

The DOGE case isn't hard to understand. The average leverage for the whole bankroll was about 80:1 (530000000/6500000), allowing a max profit of 2.6M for, only, an initial bankroll of 6.5M.
You can't say the leverage doesn't matter as the max profit is 5% of the leveraged bankroll.
80:1 average for a bankroll is just pretty much kamikaze mode, for the good or the worst.
Notice that the bankroll is now about 1.5M, and the leverage is still heavy, still allowing a max profit of 470000. It's still possible someone bet 470k and win (or lost whatever).

Any win/lost above or equal 100000 DOGE should be shown on the chatbox.
The BetBot is only client sided, if you refresh your browser the betbot speech disappear.

I would also like to know why these huge DOGE investor loses have not shown up in the CCD chat channel as all other larger wins or loses show up for all coins?

ex:

won 640 XRP ! Bet size: 640, target: <49.5, roll: 63.4234 (1272355)

Bobbax, I'm starting to feel inclined to label this either an outright scam or something that has been seriously compromised.

"House edge" in gambling means that the house always wins, even if it takes a little bit of time to play out. With CryptoCoins-Dice I'm not seeing that. I've got a reasonably sized portion of your Dogecoin bank invested, and thus far the site profit on Dogecoin is around -832 352 Dogecoin, despite there being a significantly greater number of wins than losses (2.295 million wins vs. 3.268 million losses).

My initial investment in CCD was 3 321 652 Dogecoin. Right now my investment has gone down to 377 475 Dogecoin.

There is no way a casino with a house edge loses its investors 88.6% of their investment, no matter how leveraged they are or how unlucky the casino is.

You're going to have a hard time proving this isn't a scam. Someone far more familiar with martingale and gambling dynamics will have to look at your code to see where you screwed up.

Or maybe this is just the unluckiest casino on the planet?