How safe is it to invest in just-dice - page 4.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: picolo on January 09, 2015, 05:06:27 PM

I will like to be able to have 100 CLAM on just-dice counted as 1000 CLAM so I will be happy when you implement the change.

I have a version of the site up for testing that allows you to do exactly that.

See my post here for details:

https://bitcointalksearch.org/topic/m.10101347

picolo

hero member

Activity: 1022

Merit: 500

Quote from: dooglus on January 09, 2015, 02:45:15 PM

Quote from: picolo on January 08, 2015, 08:56:18 AM

What is the biggest amount of BTC yet to be claimed on just-dice?

If you're asking what the largest unclaimed BTC balance is, it's around 130 BTC. The 2nd biggest is around 70 BTC.

Quote from: picolo on January 08, 2015, 08:56:18 AM

are you saying you will do something to limit the number of $ you are holding? It is very bearish for CLAM!

I am working on a change that will allow big investors to keep the majority of their coins locally, but still have them 'invested' on the site. I'm hoping that will greatly reduce the number of coins I'm in control of since it will allow people to stake most of their own coins and keep 100% of the staking reward rather than paying 10% of it to Just-Dice as commission.

JD currently has control of more than 60% of all the CLAM that exists. That in itself should be bearish for CLAM, and remedying that situation (by attempting to limit the number of coins JD holds) should be positive for the coin.

Thank you for your answers. Decisions you make about just-dice influences CLAM greatly.

If you implement the system of fractional reserve or any system where you don't keep most of the CLAM, there will likely be a lot of CLAM that will be sold for BTC.
The price will be supported by those who want to invest more on just-dice and once the change has been implement and the price has changed accordingly, it will be business as usual.

The 10% fee on CLAM stacked can be seen as the fee to help reduce variance and stack 24/7 as opposed to have a higher variance and the need of a computer online 24/7. If you are so concerned about it you can always reduce the fee on CLAM stacked.

I will like to be able to have 100 CLAM on just-dice counted as 1000 CLAM so I will be happy when you implement the change.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: picolo on January 08, 2015, 08:56:18 AM

What is the biggest amount of BTC yet to be claimed on just-dice?

If you're asking what the largest unclaimed BTC balance is, it's around 130 BTC. The 2nd biggest is around 70 BTC.

Quote from: picolo on January 08, 2015, 08:56:18 AM

are you saying you will do something to limit the number of $ you are holding? It is very bearish for CLAM!

I am working on a change that will allow big investors to keep the majority of their coins locally, but still have them 'invested' on the site. I'm hoping that will greatly reduce the number of coins I'm in control of since it will allow people to stake most of their own coins and keep 100% of the staking reward rather than paying 10% of it to Just-Dice as commission.

JD currently has control of more than 60% of all the CLAM that exists. That in itself should be bearish for CLAM, and remedying that situation (by attempting to limit the number of coins JD holds) should be positive for the coin.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: dooglus on January 04, 2015, 02:00:14 PM

Quote from: micky123 on January 04, 2015, 01:36:41 PM

I vouch for JD. My tiny investment of 24 coins has now generated a profit of 5 coins for me. Dooglus is legendary (not just as a member on this forum) in the crypto-gambling world. He held almost 10K BTC at one time IIRC. Whatever i have seen of him. he has been extremely honest. In fact, he still holds some BTC from some folks who did not divest at the time he had to close Bitdice due to laws in Canada. If anyone else had 10K BTC in their charge at the time when BTC went up to $1000 apiece, they might not have stuck around. It would have been very easy for him to run away with 10K BTC but he did not, this speaks volumes about his integrity and has pushed up my trust in him!

It was around 65k BTC at one point (see this chart, and, if you're wondering why it suddenly drops to zero, this one, to which I moved the coins after a mishap involving me 'forgetting' the cold wallet in a hotel room and checking out...), and "Bitdice" is something else.

Interestingly I've had 4 different people approach me in the last 24 hours asking for their JD BTC balance back. Until yesterday it had slowed to around one per week.

I don't know if the crash in BTC price has caused them to check their JD account and notice that it no longer deals in BTC or what. Only 48 people left to go now with outstanding balances of 1 BTC or more!

What is the biggest amount of BTC yet to be claimed on just-dice?

Quote from: dooglus on January 04, 2015, 01:27:06 PM

Quote from: luciann on January 03, 2015, 02:54:55 PM

Quote from: caga on January 03, 2015, 10:35:41 AM

Quote from: retrocoingames on January 03, 2015, 08:51:13 AM

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

Wait thats pretty crazy. The price is that sensitive, or is that with all new alt coins that gain traction like similar end up being doge coin?

I selected CLAM for JD in part because of its low market cap. I don't want to be responsible for millions of dollars of cryptocurrency. The fact that the market is too shallow to support even 10's of BTC of volume without shifting drastically is a good thing from my point of view.

The complaints I see in the chat about the relatively small maximum bet size now, I see as a good thing:

(152350) I remember the good 'ol days when max profit + $100,000+
(967107) lol this is like dollar scratch tickets

If you hold more than 2 millions of $ worth of CLAM on the just-dice bankroll and just-dice balances you will stop accepting investments or deposits?

The CLAM supply is going to 1 million within 2 years so if the price is more than 2$/CLAM, are you saying you will do something to limit the number of $ you are holding? It is very bearish for CLAM!

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: micky123 on January 04, 2015, 01:36:41 PM

I vouch for JD. My tiny investment of 24 coins has now generated a profit of 5 coins for me. Dooglus is legendary (not just as a member on this forum) in the crypto-gambling world. He held almost 10K BTC at one time IIRC. Whatever i have seen of him. he has been extremely honest. In fact, he still holds some BTC from some folks who did not divest at the time he had to close Bitdice due to laws in Canada. If anyone else had 10K BTC in their charge at the time when BTC went up to $1000 apiece, they might not have stuck around. It would have been very easy for him to run away with 10K BTC but he did not, this speaks volumes about his integrity and has pushed up my trust in him!

It was around 65k BTC at one point (see this chart, and, if you're wondering why it suddenly drops to zero, this one, to which I moved the coins after a mishap involving me 'forgetting' the cold wallet in a hotel room and checking out...), and "Bitdice" is something else.

Interestingly I've had 4 different people approach me in the last 24 hours asking for their JD BTC balance back. Until yesterday it had slowed to around one per week.

I don't know if the crash in BTC price has caused them to check their JD account and notice that it no longer deals in BTC or what. Only 48 people left to go now with outstanding balances of 1 BTC or more!

micky123

legendary

Activity: 1022

Merit: 1005

I vouch for JD. My tiny investment of 24 coins has now generated a profit of 5 coins for me. Dooglus is legendary (not just as a member on this forum) in the crypto-gambling world. He held almost 10K BTC at one time IIRC. Whatever i have seen of him. he has been extremely honest. In fact, he still holds some BTC from some folks who did not divest at the time he had to close Bitdice due to laws in Canada. If anyone else had 10K BTC in their charge at the time when BTC went up to $1000 apiece, they might not have stuck around. It would have been very easy for him to run away with 10K BTC but he did not, this speaks volumes about his integrity and has pushed up my trust in him!

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: luciann on January 03, 2015, 02:54:55 PM

Quote from: caga on January 03, 2015, 10:35:41 AM

Quote from: retrocoingames on January 03, 2015, 08:51:13 AM

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

Wait thats pretty crazy. The price is that sensitive, or is that with all new alt coins that gain traction like similar end up being doge coin?

I selected CLAM for JD in part because of its low market cap. I don't want to be responsible for millions of dollars of cryptocurrency. The fact that the market is too shallow to support even 10's of BTC of volume without shifting drastically is a good thing from my point of view.

The complaints I see in the chat about the relatively small maximum bet size now, I see as a good thing:

(152350) I remember the good 'ol days when max profit + $100,000+
(967107) lol this is like dollar scratch tickets

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: picolo on January 04, 2015, 08:23:42 AM

Quote from: BayAreaCoins on January 03, 2015, 09:37:22 PM

Quote from: NUFCrichard on January 03, 2015, 05:24:27 PM

Quote from: dooglus on January 03, 2015, 02:21:20 PM

Quote from: lissandra on January 03, 2015, 01:40:10 PM

wait does anyone know if theres any faucet that produces clam?

There are a couple linked in the Just-Dice FAQ tab.

How many of the 400k clams are yours dooglus?
Are you selling your clams or storing them? If storing you must have built a large percentage of the market!

Dooglus has aroun 246,000 right now Wink

Go to just-dice and type /supply.

Just-dice has 246k CLAM not dooglus. CLAM market cap is now 2000BTC

You will have some answers here : https://bitcointalksearch.org/topic/m.10003852

Ok, thanks, interesting stuff! It still seems like an interesting/weird choice to use CLAMs, but I guess there is method in the madness as trade seems to be pretty good on JD at the moment.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: BayAreaCoins on January 03, 2015, 09:37:22 PM

Quote from: NUFCrichard on January 03, 2015, 05:24:27 PM

Quote from: dooglus on January 03, 2015, 02:21:20 PM

Quote from: lissandra on January 03, 2015, 01:40:10 PM

wait does anyone know if theres any faucet that produces clam?

There are a couple linked in the Just-Dice FAQ tab.

How many of the 400k clams are yours dooglus?
Are you selling your clams or storing them? If storing you must have built a large percentage of the market!

Dooglus has aroun 246,000 right now Wink

Go to just-dice and type /supply.

Just-dice has 246k CLAM not dooglus. CLAM market cap is now 2000BTC

You will have some answers here : https://bitcointalksearch.org/topic/m.10003852

BayAreaCoins

legendary

Activity: 3934

Merit: 1248

Owner at AltQuick.com

Quote from: NUFCrichard on January 03, 2015, 05:24:27 PM

Quote from: dooglus on January 03, 2015, 02:21:20 PM

Quote from: lissandra on January 03, 2015, 01:40:10 PM

wait does anyone know if theres any faucet that produces clam?

There are a couple linked in the Just-Dice FAQ tab.

How many of the 400k clams are yours dooglus?
Are you selling your clams or storing them? If storing you must have built a large percentage of the market!

Dooglus has aroun 246,000 right now Wink

Go to just-dice and type /supply.

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: dooglus on January 03, 2015, 02:21:20 PM

Quote from: lissandra on January 03, 2015, 01:40:10 PM

wait does anyone know if theres any faucet that produces clam?

There are a couple linked in the Just-Dice FAQ tab.

How many of the 400k clams are yours dooglus?
Are you selling your clams or storing them? If storing you must have built a large percentage of the market!

picolo

hero member

Activity: 1022

Merit: 500

Quote from: caga on January 03, 2015, 10:35:41 AM

Quote from: retrocoingames on January 03, 2015, 08:51:13 AM

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

You can have a better deal than the market with a big buyer/seller if you do a private sell.

BayAreaCoins

legendary

Activity: 3934

Merit: 1248

Owner at AltQuick.com

Quote from: luciann on January 03, 2015, 02:54:55 PM

Quote from: caga on January 03, 2015, 10:35:41 AM

Quote from: retrocoingames on January 03, 2015, 08:51:13 AM

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

Wait thats pretty crazy. The price is that sensitive, or is that with all new alt coins that gain traction like similar end up being doge coin?

Hopefully CLAM doesn't end up how I believe DOGE is going to end up, but yes coins that pick up volume similar to BTC, LTC, DOGE and what we are seeing with CLAM are often very volatile at first... even oil when it was first discovered it could be burned had HUGE swings in the market, but once more and more people started trading the price leveled out naturally.

I expect CLAM to continue to increase and for a number of large businesses with trust already established to start accepting them (such as FortuneJack already... they spend a large chunk of change advertising.)

luciann

sr. member

Activity: 252

Merit: 250

Quote from: caga on January 03, 2015, 10:35:41 AM

Quote from: retrocoingames on January 03, 2015, 08:51:13 AM

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

Wait thats pretty crazy. The price is that sensitive, or is that with all new alt coins that gain traction like similar end up being doge coin?

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: lissandra on January 03, 2015, 01:40:10 PM

wait does anyone know if theres any faucet that produces clam?

There are a couple linked in the Just-Dice FAQ tab.

lissandra

sr. member

Activity: 434

Merit: 250

wait does anyone know if theres any faucet that produces clam?

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: retrocoingames on January 03, 2015, 08:51:13 AM

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

It's not easy without moving the price significantly. The markets are pretty shallow. 10 BTC is ~3k CLAM, and there are only ~400k total CLAM in circulation. So you're talking about moving almost whole percentages of the CLAM supply.

And that's gnuplot, not matlab.

Code:

plot \
"site-profit.dat" using 1:($3/1e8) title "profit" with lines lt 7, \
"site-profit.dat" using 1:($2/1e10) title "1% edge" with lines lt 2

Quote from: BayAreaCoins on January 03, 2015, 11:10:08 AM

FortuneJack.com lets you exchange chunks like that fast I believe

Does anyone know how the fortunejack exchange works? I don't see any information about the market depth. I suspect it doesn't really work for large amounts, and that they just quote market + margin and buy back on the exchanges.

Here they are quoting me a price to buy a million CLAMs. There are only 400k in existence currently, so unless they have a huge supply they didn't 'dig' yet (and why wouldn't they dig and stake them if so) it seems they're making offers they can't follow through on:

... and I get the same price if I only have half a BTC:

BayAreaCoins

legendary

Activity: 3934

Merit: 1248

Owner at AltQuick.com

Quote from: caga on January 03, 2015, 10:35:41 AM

Quote from: retrocoingames on January 03, 2015, 08:51:13 AM

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

FortuneJack.com lets you exchange chunks like that fast I believe

The other small peanut exchanges have CLAM too, but you'd be best to put your order on the Ask and wait for BTC whale to come in and bite it. No one wants to keep Bitcoins on most of those exchanges, so it is a in and out thing!

Lots of people by off the exchanges, but be sure to use escrow!

caga

full member

Activity: 238

Merit: 100

www.secondstrade.com - 190% return Binary option

Quote from: retrocoingames on January 03, 2015, 08:51:13 AM

How difficult is it to move 10's of BTC into CLAM and then back to BTC at the moment?

Depends, the current buy market is just over 50 BTC . Current price is 0.0038 . So if you were to buy 10 BTC worth, then you would be driving the price up to 0.005.
And if you were to sell right now, you would drop it to 0.0027.

retrocoingames

hero member

Activity: 491

Merit: 500

Quote from: dooglus on January 02, 2015, 12:36:43 PM

Looks like you are running Matlab there dooglus?! I guess you have some type of engineering background

Topic: How safe is it to invest in just-dice - page 4. (Read 15252 times)