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Topic: [ICO] BetBase SHARES | Invest in Bitcoin gambling | Escrow by RHavar - page 3. (Read 9750 times)

hero member
Activity: 728
Merit: 500
Never ending parties are what Im into.
So when's the refund starting?
hero member
Activity: 994
Merit: 502
The Kelly criterion should not be applied to a bankroll which is not stable (that means people can add funds and withdraw them whenever they want).

What does this mean?

I badly expressed myself. Kelly criterion should be applied every time. I just wanted to tell that it's hard to grow if your investors withdraw every time bankroll takes a hit.

Really you should be doing the opposite - you should double down when the bankroll decreases and capture a larger share for yourself, then withdraw after it goes backup. Variance tends to swing both ways, but it should go up in the long-run.
legendary
Activity: 1135
Merit: 1002
Developer
The Kelly criterion should not be applied to a bankroll which is not stable (that means people can add funds and withdraw them whenever they want).

What does this mean?

I badly expressed myself. Kelly criterion should be applied every time. I just wanted to tell that it's hard to grow if your investors withdraw every time bankroll takes a hit.
full member
Activity: 140
Merit: 100
Yeah. This one wont get off the ground, all that will happen is the dev will absound with the money never to be seen again.

Surely someone wishing to abscond with the funds would try to get their hands on them first. BetBase, however, has already declared their intention to refund all investments, which are still secured by RHavar:

The plan is to fund bankroll from our own money and refund all investments. For all investors, please send us email to [email protected] with Bitcoin address on which you want your investment to be received back.
legendary
Activity: 1135
Merit: 1002
Developer
Hi guys. Please read our blog post about the end of ICO.

https://blog.betbase.io/general/end-of-the-betbase-ico
hero member
Activity: 994
Merit: 502
The Kelly criterion should not be applied to a bankroll which is not stable (that means people can add funds and withdraw them whenever they want).

What does this mean?

I think more like it's harder / more difficult for users to apply the kelly criterion to a constantly evolving bankroll? E.g. there wouldn't be any nice round max-win like there is for BustaBit?
hero member
Activity: 728
Merit: 500
Never ending parties are what Im into.
5.86 BTC ... in my opinion this is a very low amount ...
You need a much higher amount to offer a decent bankroll and atract gambling & casino owners.


Yeah. This one wont get off the ground, all that will happen is the dev will absound with the money never to be seen again.
legendary
Activity: 1135
Merit: 1002
Developer
Hi, the ICO is officialy ended as a failure. We've collected over 5 BTC which is not enough to fund our bankroll.

The plan is to fund bankroll from our own money and refund all investments. For all investors, please send us email to [email protected] with Bitcoin address on which you want your investment to be received back.

The ICO page will be updated in few hours.

After we make Betbase profitable and well known, the ICO will be repeated. Until then, we'll keep our bounties information and we'll reward all participators when the ICO is repeated. Hopefuly within 10 months from now.

Hi, why not develop the bankroll system like betking and justdice? So people can sign up and invest, and withdraw from bankroll any time. Should be much more easier than private funding.

Because when something happens and people start to withdraw their investments, the time needed for a bankroll to grow multiplies like 4 times, like recently happened to Moneypot. The Kelly criterion should not be applied to a bankroll which is not stable (that means people can add funds and withdraw them whenever they want).
sr. member
Activity: 294
Merit: 250
Hi, the ICO is officialy ended as a failure. We've collected over 5 BTC which is not enough to fund our bankroll.

The plan is to fund bankroll from our own money and refund all investments. For all investors, please send us email to [email protected] with Bitcoin address on which you want your investment to be received back.

The ICO page will be updated in few hours.

After we make Betbase profitable and well known, the ICO will be repeated. Until then, we'll keep our bounties information and we'll reward all participators when the ICO is repeated. Hopefuly within 10 months from now.

Hi, why not develop the bankroll system like betking and justdice? So people can sign up and invest, and withdraw from bankroll any time. Should be much more easier than private funding.
sr. member
Activity: 378
Merit: 251
A Trader & An Investor
Hi, the ICO is officialy ended as a failure. We've collected over 5 BTC which is not enough to fund our bankroll.

The plan is to fund bankroll from our own money and refund all investments. For all investors, please send us email to [email protected] with Bitcoin address on which you want your investment to be received back.

The ICO page will be updated in few hours.

After we make Betbase profitable and well known, the ICO will be repeated. Until then, we'll keep our bounties information and we'll reward all participators when the ICO is repeated. Hopefuly within 10 months from now.
Cmon!!
Give a chance to the project another week..

We're not giving up on the project, we're giving up on attracting people to be part of it. For now.

Hi Johny!
Keep working on those projects and I am sure that by 10 months you can achieve a remarkable progress with your project. I think you have a good team as well as experience required to thrive in the bitcoin casino business. Looking forward to take part in the next ICO with you guys. Good luck! 
legendary
Activity: 1135
Merit: 1002
Developer
Hi, the ICO is officialy ended as a failure. We've collected over 5 BTC which is not enough to fund our bankroll.

The plan is to fund bankroll from our own money and refund all investments. For all investors, please send us email to [email protected] with Bitcoin address on which you want your investment to be received back.

The ICO page will be updated in few hours.

After we make Betbase profitable and well known, the ICO will be repeated. Until then, we'll keep our bounties information and we'll reward all participators when the ICO is repeated. Hopefuly within 10 months from now.
Cmon!!
Give a chance to the project another week..

We're not giving up on the project, we're giving up on attracting people to be part of it. For now.
legendary
Activity: 1848
Merit: 1023
I am a good bro
Hi, the ICO is officialy ended as a failure. We've collected over 5 BTC which is not enough to fund our bankroll.

The plan is to fund bankroll from our own money and refund all investments. For all investors, please send us email to [email protected] with Bitcoin address on which you want your investment to be received back.

The ICO page will be updated in few hours.

After we make Betbase profitable and well known, the ICO will be repeated. Until then, we'll keep our bounties information and we'll reward all participators when the ICO is repeated. Hopefuly within 10 months from now.
Cmon!!
Give a chance to the project another week..
legendary
Activity: 1135
Merit: 1002
Developer
Hi, the ICO is officialy ended as a failure. We've collected over 5 BTC which is not enough to fund our bankroll.

The plan is to fund bankroll from our own money and refund all investments. For all investors, please send us email to [email protected] with Bitcoin address on which you want your investment to be received back.

The ICO page will be updated in few hours.

After we make Betbase profitable and well known, the ICO will be repeated. Until then, we'll keep our bounties information and we'll reward all participators when the ICO is repeated. Hopefuly within 10 months from now.
sr. member
Activity: 714
Merit: 266
Interesting project, anyone can create a casino them selves but can we set up a casino where another token can be used to bet like Lisk, eth or ltc? When does the ICO end?

I think its finish this is not even interesting.
legendary
Activity: 3178
Merit: 1054
Interesting project, anyone can create a casino them selves but can we set up a casino where another token can be used to bet like Lisk, eth or ltc? When does the ICO end?
legendary
Activity: 1358
Merit: 1000
Bitcoiner since start, and continue to love it!
5.86 BTC ... in my opinion this is a very low amount ...
You need a much higher amount to offer a decent bankroll and atract gambling & casino owners.
hero member
Activity: 714
Merit: 503
The ICO is over..

So where can we get the bounties now?

and how much has been collected as for now?
hero member
Activity: 770
Merit: 505
Eloncoin.org - Mars, here we come!
when the bounty will be distributed?

ussualy distribution bounty after ico selling end
you follow bounty betbase coin ?
and this thread not write about how long ico selling ?
member
Activity: 101
Merit: 10
when the bounty will be distributed?
legendary
Activity: 1358
Merit: 1000
Bitcoiner since start, and continue to love it!

Any news regarding the relase of your roulette script?
In my opining having more scripts it will help the ICO sale.
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