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Topic: @Just-Dice investors (Read 2009 times)

legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
July 14, 2014, 07:00:51 PM
#22
Now that Just-Dice is no longer in operation, I would advise people who want to invest in dice sites to diversify. Spread your bitcoins between multiple dice sites. Dooglus was a highly trusted member here, and none of the new sites have the same reputation that Just-Dice had. Don't put all your eggs in one basket.
Actually, most of them do not have much reputation, they can run away with your money if they want to and nobody can find them. You don't earn much from dice sites, if one of them goes, you may not be able to recover your investments. There isn't much dice sites in the first place.

Better to keep them in strong storage unless your willing to invest them.
Something like best be cautious and avoid having your eggs stolen.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
July 14, 2014, 05:50:22 AM
#21
Now that Just-Dice is no longer in operation, I would advise people who want to invest in dice sites to diversify. Spread your bitcoins between multiple dice sites. Dooglus was a highly trusted member here, and none of the new sites have the same reputation that Just-Dice had. Don't put all your eggs in one basket.
Actually, most of them do not have much reputation, they can run away with your money if they want to and nobody can find them. You don't earn much from dice sites, if one of them goes, you may not be able to recover your investments. There isn't much dice sites in the first place.
full member
Activity: 350
Merit: 118
July 14, 2014, 04:54:24 AM
#20
Now that Just-Dice is no longer in operation, I would advise people who want to invest in dice sites to diversify. Spread your bitcoins between multiple dice sites. Dooglus was a highly trusted member here, and none of the new sites have the same reputation that Just-Dice had. Don't put all your eggs in one basket.
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
July 14, 2014, 02:52:57 AM
#19
-snip-

The "Rep" loans are really just something that is allowing people to eventually scam other lenders. In theory rep loans are not to be withdrawn from the site so they should be safe, but you are contributing to an eventual potential scam.

Yep thats why I dont like it. Yet it seems to be "normal" on BTCJam. Its hard to find someone without a rep loan in the past. A well my coins are stuck there for a while anyway. But im not going to increase my investment there.

PRCDice seems to be a bad roll as well. Im down ~.6% in just two days. Well Ill judge that after the first two weeks.

I believe bitcoin is in a period of restructure. Once the new infrastructure is laid, we will see plenty more trusted investments in the next few years. Not only will we have gambling companies, but also marketplace sites, structured loan sites. It could evolve into something rather like a bitcoin stock exchange.

Wasnt there some site that acted like a BTC Stock market? Dont remember its name so it probably was a scam anyway. The problem will allways be the reputation. Its easy (in a way) to make a nice looking site with a concept that sounds legit, but can you trust the owner(s)?

UpDown bit even paid a for Gold Member status with the Bitcoin Foundation, yet they have (or had?) problems paying those that advertise for them with a signature.
hero member
Activity: 672
Merit: 500
July 13, 2014, 01:37:04 PM
#18
I believe bitcoin is in a period of restructure. Once the new infrastructure is laid, we will see plenty more trusted investments in the next few years. Not only will we have gambling companies, but also marketplace sites, structured loan sites. It could evolve into something rather like a bitcoin stock exchange.
sr. member
Activity: 266
Merit: 250
July 13, 2014, 01:23:24 PM
#17
BTCjam can be risky if you concentrate your investment only on one borrower. There is a lot of defaults happening there. Spreading your investments to a larger number of borrowers may help to reduce the risk.

Thats what I did. Spread it among several people with a high rating (thus a low interest rate, but im fine with that) and 1 with higher risk IIRC. Not sure about the exact numbers, but I think the person with the worst rating had a C. BTCJam is an overal strange place. I dont like "rep loans" but they are common there because you need a certain "rep" to get a reasonable interesstrate. Which makes the rep system borderline useless. The other thing I dont like too much is that I cant withdraw my coins any time. Which makes perfect sense if I borrowed them, but I still compare with JD Wink

The moment doog is back with something that sounds good, Ill throw my coins at him Smiley
The "Rep" loans are really just something that is allowing people to eventually scam other lenders. In theory rep loans are not to be withdrawn from the site so they should be safe, but you are contributing to an eventual potential scam.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
July 13, 2014, 12:35:12 PM
#16
Always a shame to see a good site that supports go down.  Hopefully whoever attempts to fill the space will have the same amount of integrity.  I really respect Stunna for being honest and not being greedy.  I'm sure many people in the same position would not be so honorable.
newbie
Activity: 28
Merit: 0
July 13, 2014, 09:39:42 AM
#15
Stunna probably is one of the most trusted in gambling sites. However, Stunna don't feel secure enabling that, I'm currently just holding it at my cold storage. I have seen too much gambling sites ending up getting "hacked" or hacked.
Same here, i don't invest anymore since Everydice seemed just perfect but than they collapsed.
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
July 13, 2014, 05:55:44 AM
#14
BTCjam can be risky if you concentrate your investment only on one borrower. There is a lot of defaults happening there. Spreading your investments to a larger number of borrowers may help to reduce the risk.

Thats what I did. Spread it among several people with a high rating (thus a low interest rate, but im fine with that) and 1 with higher risk IIRC. Not sure about the exact numbers, but I think the person with the worst rating had a C. BTCJam is an overal strange place. I dont like "rep loans" but they are common there because you need a certain "rep" to get a reasonable interesstrate. Which makes the rep system borderline useless. The other thing I dont like too much is that I cant withdraw my coins any time. Which makes perfect sense if I borrowed them, but I still compare with JD Wink

The moment doog is back with something that sounds good, Ill throw my coins at him Smiley
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
July 13, 2014, 05:47:26 AM
#13
Just wondering; where is everyone investing their BTC now that Dooglus has paid out all owing investments? Has there been anyone enter the market that's even close to being as trustworthy as Dooglus within the BTC gambling industry?

No real places to invest Bitcoin in my opinion now that just-dice is gone more or less I leave a bit of change on mintpal and try to figure out that market although I would much prefer a good storage location like JD anyday.

While Id prefer JD to come back and thus have the majority of my coins safe, I gave BTCJam and and  PRCDice a chance. Just a little bit to test the water.
BTCjam can be risky if you concentrate your investment only on one borrower. There is a lot of defaults happening there. Spreading your investments to a larger number of borrowers may help to reduce the risk.
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
July 13, 2014, 05:31:18 AM
#12
Just wondering; where is everyone investing their BTC now that Dooglus has paid out all owing investments? Has there been anyone enter the market that's even close to being as trustworthy as Dooglus within the BTC gambling industry?

No real places to invest Bitcoin in my opinion now that just-dice is gone more or less I leave a bit of change on mintpal and try to figure out that market although I would much prefer a good storage location like JD anyday.

While Id prefer JD to come back and thus have the majority of my coins safe, I gave BTCJam and and  PRCDice a chance. Just a little bit to test the water.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
July 13, 2014, 04:11:47 AM
#11
Stunna probably is one of the most trusted in gambling sites. However, Stunna don't feel secure enabling that, I'm currently just holding it at my cold storage. I have seen too much gambling sites ending up getting "hacked" or hacked.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
July 13, 2014, 04:10:03 AM
#10
Just wondering; where is everyone investing their BTC now that Dooglus has paid out all owing investments? Has there been anyone enter the market that's even close to being as trustworthy as Dooglus within the BTC gambling industry?

No real places to invest Bitcoin in my opinion now that just-dice is gone more or less I leave a bit of change on mintpal and try to figure out that market although I would much prefer a good storage location like JD anyday.
full member
Activity: 140
Merit: 100
July 13, 2014, 04:06:35 AM
#9
I think the best idea is invest in different places and if one of them is bad, we don't lose all our bitcoins.
sr. member
Activity: 266
Merit: 250
July 12, 2014, 10:29:21 PM
#8
While I imagine he will be along here in a bit, Dooglus has shown pretty convincingly that while you can build a site that is provably fair for gamblers you can't build one where the owner cannot cheat the investors.  So the key issue is trust, that is what set dooglus and Just-Dice apart.  While other sites like dicenow offer investment options they don't have the reputation dooglus has.  Maybe they will build it in time.

Stunna is probably there reputation wise, but as others have shown, has no interest in it.

Good Luck!
I think that a person would simply need to build a gambling site that allows people to invest in a bankroll and people will come given sufficient advertising. Unfortunately too many people blindly trust others with their hard earned money/bitcoin.

Once it is seen that the site/operator is trustworthy more people will invest in the bankroll. IIRC JD essentially charged 10% from investors by only selling a 90% share of the bankroll.
legendary
Activity: 1022
Merit: 1000
July 12, 2014, 09:13:44 PM
#7
While I imagine he will be along here in a bit, Dooglus has shown pretty convincingly that while you can build a site that is provably fair for gamblers you can't build one where the owner cannot cheat the investors.  So the key issue is trust, that is what set dooglus and Just-Dice apart.  While other sites like dicenow offer investment options they don't have the reputation dooglus has.  Maybe they will build it in time.

Stunna is probably there reputation wise, but as others have shown, has no interest in it.

Good Luck!
full member
Activity: 222
Merit: 100
July 12, 2014, 06:40:11 PM
#6
I have over 200 posts here on the forums and registered in 2013 so I'm pretty trusted. Smiley I might consider building a dice site that offers investing if nobody else steps up and there is enough demand. Stay tuned folks!

Hi.. how can you build a site that people can trust? what are the ways to protect and make your project consider as trustful place to invest your money?
beside your reputation in this forum..
sr. member
Activity: 462
Merit: 250
July 12, 2014, 05:59:30 PM
#5
This is what Stunna had to say about an investment option:

Stunna, why not allow people to invest?

While I have no doubt that an investment option would be wildly popular, I simply don't feel comfortable allowing it. Right now we have enough more than enough coins to insure all balances but not enough that I could safely insure all potential investments.  The amount of trust required for such an investment scheme to work is incredible, given that an operator could just play and win against his own site without anyone having the slightest clue. Bitcoin is already such an incredible investment just sitting in a wallet, I firmly believe that the majority of bitcoin company/site related investments are -EV and unsustainable.

I have over 200 posts here on the forums and registered in 2013 so I'm pretty trusted. Smiley I might consider building a dice site that offers investing if nobody else steps up and there is enough demand. Stay tuned folks!
full member
Activity: 149
Merit: 100
July 12, 2014, 12:24:00 PM
#4
IMO it wouldn't be easy at all to get a website that can be considered as trustworthy as dooglus and JD were for investors. even already existing websites would need years to actually get some trust like JD had, PD might get a good portion of these investors if they decide to allow investing "which isn't very likely".
full member
Activity: 127
Merit: 100
July 12, 2014, 11:20:31 AM
#3
There are places that are considered to believe Take a look at the recommendations, and the website's security
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