Cryptocoins-Dice.com | BTC XRP XMR XMG DOGE | Play Invest Leverage Faucet - page 5.

wpalczynski

legendary

Activity: 1456

Merit: 1000

Great idea to have 2FA with cashout option but for invest and divest whats the point?

Quote from: Bobbax on February 14, 2015, 03:26:55 PM

Quote from: wpalczynski on February 14, 2015, 03:14:04 PM

How is the account recovery implementation going? Is there still no way to recover an account if you forget your password?

Nope, security features are in my short-term todo list.
If you lost your password, send me an email, I'll proceed to a rough verification (ask to David Wink

).

A list of all the stuff I'm going to implement:

Account recovery option (undefined yet)
2fa on Cashout / Invest / Divest
Dead-man-switch (my wife will refunds all players if I die)
Emergency account lock (if you think your account is getting hacked, it's a way to freeze it)

Already implemented:

Emergency mode (the site freeze and send automatically all the hotwallet funds into the cold wallets)
2fa on signing up
Database replica
User lock (if the site detect abnormal activity he lock the account [= hacking attempt])
Cold & deep wallet storage with proof-of-reserve

Even with the account recovery future option, people need and should take care of a password as they take care of a bitcoin private key.

wpalczynski

legendary

Activity: 1456

Merit: 1000

Its reassuring that you can help recover the account. The impression I got from the warning when creating the account was that if I lost my PW I would not be able to recover funds. Perhaps you might want to change that wording a bit because it seems to give the wrong impression.

Bobbax

member

Activity: 70

Merit: 10

Cryptocoins-dice.com

Quote from: wpalczynski on February 14, 2015, 03:14:04 PM

How is the account recovery implementation going? Is there still no way to recover an account if you forget your password?

Nope, security features are in my short-term todo list.
If you lost your password, send me an email, I'll proceed to a rough verification (ask to David Wink

).

A list of all the stuff I'm going to implement:

Account recovery option (undefined yet)
2fa on Cashout / Invest / Divest
Dead-man-switch (my wife will refunds all players if I die)
Emergency account lock (if you think your account is getting hacked, it's a way to freeze it)

Already implemented:

Emergency mode (the site freeze and send automatically all the hotwallet funds into the cold wallets)
2fa on signing up
Database replica
User lock (if the site detect abnormal activity he lock the account [= hacking attempt])
Cold & deep wallet storage with proof-of-reserve

Even with the account recovery future option, people need and should take care of a password as they take care of a bitcoin private key.

wpalczynski

legendary

Activity: 1456

Merit: 1000

How is the account recovery implementation going? Is there still no way to recover an account if you forget your password?

Bobbax

member

Activity: 70

Merit: 10

Cryptocoins-dice.com

Well, I removed Referral before peoples try to abuse of it for real. I found only 3 players who did it with only small amounts (and only on DOGE & XMG). So we had no damages from the ref system.

Quote

I don't know if a referral program that eats into investor profits is a good idea. Its super hard to earn anything as an investor as it is. I'm up like 0.5% on my Monero investment after having my funds there for 3 weeks and representing at least 1/3 of the bankroll.

Yes it was a bad idea, that's why I stepped back.

Quote

I also think that Investors should have some input into proposed changes on the site which can decrease their profitability. To me it is a little bit of a breach of contract, I invested under certain conditions which changed in a way which is detrimental to my profitability and I really wasn't aware of the change and it's consequences.

Investors funds won't be a part of any side-system anymore, definitively.

wpalczynski

legendary

Activity: 1456

Merit: 1000

I also think that Investors should have some input into proposed changes on the site which can decrease their profitability. To me it is a little bit of a breach of contract, I invested under certain conditions which changed in a way which is detrimental to my profitability and I really wasn't aware of the change and it's consequences.

Just my 2 cents.

wpalczynski

legendary

Activity: 1456

Merit: 1000

I don't know if a referral program that eats into investor profits is a good idea. Its super hard to earn anything as an investor as it is. I'm up like 0.5% on my Monero investment after having my funds there for 3 weeks and representing at least 1/3 of the bankroll.

At this point I'm re-evaluating if the reward is worth the risk of keeping funds on this site. If you decrease the profit even more by having referrals take a bite out of my earnings I don't see any reason for people to invest in the site, it will be a losing proposition.

saddambitcoin

legendary

Activity: 1610

Merit: 1004

OK to invest now?

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Quote from: Bobbax on February 14, 2015, 11:08:31 AM

The cheat is easy

So that could be how I got assraped with my investment

Quote from: conspirosphere.tk on February 09, 2015, 01:09:49 PM

Bobbax

member

Activity: 70

Merit: 10

Cryptocoins-dice.com

Investors and the site can lose money from the referral program only if peoples are cheating it.

The cheat is easy: you refer yourself, play and get back 10% of your losses. Even with a lot of protections some peoples were able to bypass them, the solution isn't so easy because you need to guess who is who.

When a referred player lose, 10% are going to the referrer, and 90% to the investors. To fill the missing 10% for investors, the site increase the commission fee limit by those 10%. So you're commission free on any ref bet.

The issue with people cheating the system is that they have a lot more chance to win because they are able to get back 10% of their losses, making them winning more than they lose.

If a player have more chance to win, the investors have more chance to lose.

The current system isn't viable, I have to rework it entirely.

wpalczynski

legendary

Activity: 1456

Merit: 1000

Can you please explain how the referral program is making investors loose money?

Quote from: Bobbax on February 14, 2015, 06:07:08 AM

The new build is released !

Changelog: https://www.cryptocoins-dice.com/files/changelog_public_1_1_3.txt

The Rainbot and a darky design has been added.

Unfortunately I had to disable the referral program. You'll find more details into the changelog.

Bobbax

member

Activity: 70

Merit: 10

Cryptocoins-dice.com

The new build is released !

Changelog: https://www.cryptocoins-dice.com/files/changelog_public_1_1_3.txt

The Rainbot and a darky design has been added.

Unfortunately I had to disable the referral program. You'll find more details into the changelog.

Bobbax

member

Activity: 70

Merit: 10

Cryptocoins-dice.com

Quote from: 5w00p on February 12, 2015, 08:08:34 PM

BernankeBot is almighty, he rain(ed) dollars from nowhere.

5w00p

hero member

Activity: 644

Merit: 502

Bobbax

member

Activity: 70

Merit: 10

Cryptocoins-dice.com

Rainbot is coming on the next build !

But... who is rainbot ?

He is a social buddy for all players wants to share love.
When you are on your good day, or just to look awesome, you can send some coins to Rainbot.

At random time, Rainbot will check his funds. If he have enough for a distribution, he will rain the coins on all active players.
Rainbot is cool, Rainbot is magic. He don't care you're rich or poor: he will send the same amount to each.

So if Rainbot have 100 XRP to share to 5 players, each receive 20 XRP.

Rainbot isn't about to reward lazy, inactive players or leechers. To enter into the 'active' category, you must wager some coins (whatever if you lost or win), or send funds to him.

Your activity is coin specific.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: 5w00p on February 10, 2015, 01:33:33 PM

Quote from: David Latapie on February 10, 2015, 08:02:48 AM

Quote from: 5w00p on February 09, 2015, 02:17:50 PM

I don't really understand how the Leverage works.

How leverage works.

Thanks. My ass hurts a little bit less knowing how I lost moneroj.

You helped distribute them

wpalczynski

legendary

Activity: 1456

Merit: 1000

Not just your ass is sore. All XMR investors on CCD are getting smoked.

Quote from: 5w00p on February 10, 2015, 01:33:33 PM

Quote from: David Latapie on February 10, 2015, 08:02:48 AM

Quote from: 5w00p on February 09, 2015, 02:17:50 PM

I don't really understand how the Leverage works.

How leverage works.

Thanks. My ass hurts a little bit less knowing how I lost moneroj.

5w00p

hero member

Activity: 644

Merit: 502

Quote from: David Latapie on February 10, 2015, 08:02:48 AM

Quote from: 5w00p on February 09, 2015, 02:17:50 PM

I don't really understand how the Leverage works.

How leverage works.

Thanks. My ass hurts a little bit less knowing how I lost moneroj.

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: 5w00p on February 09, 2015, 02:17:50 PM

I don't really understand how the Leverage works.

How leverage works.

Bobbax

member

Activity: 70

Merit: 10

Cryptocoins-dice.com

Quote from: 5w00p on February 09, 2015, 02:17:50 PM

Live and learn.

I don't really understand how the Leverage works. IF I was seeing only returns, I wouldn't be so shocked, would I? Only because I lost, now, I am shocked.

I adjusted my leverage down.

Fawk.

The leverage is increasing your investment, by x2, x10, until x100. But also increase your risk. Because of the leverage, the max profit is going up too.
If the max profit is high, players can bet higher.

By betting higher, you can earn a lot when they lose, but you lost a lot when they win.
On the Monero case, we got 2 big winners. If the leverage average was lower, they couldn't bet so high, allowing them to win less, or maybe, to bust because of that limit.
On the other side, if they lost, it's jackpot for you. That wasn't the case.

Investors need to be careful with leverage, if you don't understand fully that system, you'll find an example on the 'Help' section. I can also answer your questions here.

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