On the site, the "invested" amount is currectly at 36,085.
So the total bankroll would be that 36,085 + original funds from owners?
Topic: How safe is it to invest in just-dice - page 10. (Read 15252 times)
I've heard of this before but how do I go about investing in Just Dice? Link?
Thanks
Thanks
Just-dice.com
Go to the tab'invest'. Go to 'edit'. Here you can invest some of your bitcoins.
I've heard of this before but how do I go about investing in Just Dice? Link?
Thanks
Thanks
Just-dice.com
I've heard of this before but how do I go about investing in Just Dice? Link?
Thanks
Thanks
It's very safe, they have set up an emergency withdrawal address and everything. "Emergency meaning that if anything happens to the owner all your investments and amount in your account from the cold wallet will be automatically transferred to your address if anything were to happen".
Not sure where the server is physically located, but I do know doog is from Canada, and is very trustworthy. Haven't had a single issue from this site, and I've been gambling there for months now.
I investigated as well. Site and owner seem very legit. I wonder where the site and server and owner are located, in terms of if they're in the US, that could be a risk. Otherwise the principle could go up and down but should go up given enough time.
It's a .com domain - that means it's managed by a US company. (I'm talking about who manages the .com zone, not the site itself)The Registrar is in the US as well.
Regarding hosting, they're using cloudflare (which is in the US), but I don't know where their server is physically located.
Just-dice and doog have a excellent reputation and personally I would say pretty safe. But things happen, think about gox or inputs.io... you should never leave more money than you can afford to lose on any site.
I agree with this wholeheartedly even though I would trust those sites with my whole wallet! Definitely don't put in more than you can afford to lose. That goes for any and every gambling thing you do.
Just-dice and doog have a excellent reputation and personally I would say pretty safe. But things happen, think about gox or inputs.io... you should never leave more money than you can afford to lose on any site.
As far as the owner's concerned I would say very safe. Of course there's the variance to worry about and the fact that it regards a unlicensed online casino (SEC is pursuing Erik Voorhees for SatoshiDice).
There is always a risk to invest in a company but investing in a new industry, a new company getting a revenue in a new currency (or commodity
) is even riskier, the riskiest is not to invest anywhere and not getting any return or seeing its capital erodes with inflation. As all the others said: you can no doubt trust just dice.
About the rate of interest: This is the graph of their profit in the last 6 months:
About the rate of interest: This is the graph of their profit in the last 6 months:
Very nice return, 30% in 6months with compounded interests but reinvesting the interests means you are risking it all.
If you can't trust just-dice then you can't trust any site as they are the oldest and the best in my honest opinion.
They have been running from June 20 2013 so not that old but the site seems to be managed quite ok and they have build a lot of trust
As all the others said: you can no doubt trust just dice.
About the rate of interest: This is the graph of their profit in the last 6 months:
About the rate of interest: This is the graph of their profit in the last 6 months:
Basic premise is that there will always be risk with any online wallet of any kind unless it uses a trustless system.
Just figure if its worth it to you or not. If it isn't just go for cold storage. If it is, do it.
Just figure if its worth it to you or not. If it isn't just go for cold storage. If it is, do it.
Since i have gotten into BTC Gambling Just dice was one of the first sites i have gambled with and I have only known them to be fully secure with the bitcoin I have sent them. Always received payments with no problems. Thats my experience.
If you can't trust just-dice then you can't trust any site as they are the oldest and the best in my honest opinion.
It really depends, if a lot of people win, it isn't good for your investment, but if a lot of people lose it is good for your investment.
I think you can trust them, but I don't have much experience with Just-Dice.
I think you can trust them, but I don't have much experience with Just-Dice.
Thank you for your answers, I am not worried about the short term fluctuations when my investment is ev>0 providing no cheating but I am trying to estimate the risks of losing my investment through an exterior event such as a government raid, the owner dying or fleeing.
The expected rate of return seems sufficient to overcome the risks.
The expected rate of return seems sufficient to overcome the risks.
Just-dice is good. Played a few rounds. Earned a few Satoshis.
I investigated as well. Site and owner seem very legit. I wonder where the site and server and owner are located, in terms of if they're in the US, that could be a risk. Otherwise the principle could go up and down but should go up given enough time.
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