Just-Dice.com : Invest in 1% House Edge Dice Game - page 188.

gog1

hero member

Activity: 756

Merit: 500

Quote from: Lohoris on July 30, 2013, 09:53:58 AM

Quote from: wolverine.ks on July 30, 2013, 09:46:05 AM

if JD is completely open about the math, and there is still a demand..... it seems no different than the current implementation of JD. doog is completely open about the math, and there is still a demand for the site.

let the user determine what is best for them.

additionally, insurance could be another revenue stream for doog, and reduce the variance in his income as well.

nope:

1) if insuring was free, then implementing it would be a waste

2) if it had a cost, it would be a disservice to users: a way to con them into giving us more money without real benefits

3) if we did it anyway, we might end up into a paradox where if a user loses (x-1) times in a row, it's better for him to lose his next bet than to win it

For point 3, since the game is "random", a user cannot intentionally cause a loss.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: wolverine.ks on July 30, 2013, 09:46:05 AM

if JD is completely open about the math, and there is still a demand..... it seems no different than the current implementation of JD. doog is completely open about the math, and there is still a demand for the site.

let the user determine what is best for them.

additionally, insurance could be another revenue stream for doog, and reduce the variance in his income as well.

nope:

1) if insuring was free, then implementing it would be a waste

2) if it had a cost, it would be a disservice to users: a way to con them into giving us more money without real benefits

3) if we did it anyway, we might end up into a paradox where if a user loses (x-1) times in a row, it's better for him to lose his next bet than to win it

wolverine.ks

sr. member

Activity: 375

Merit: 250

also, i think a side benefit would be to encourage people to YOLO more often if they could be sure that they arent going to lose their shirts doing it.

it would create a good show if nothing else.

wolverine.ks

sr. member

Activity: 375

Merit: 250

Quote from: Lohoris on July 30, 2013, 09:39:37 AM

seems like needlessly complicated.
after all, if you know your math, you know that just betting less it as effective as doing that.

remember we are here to service the users, not to con them.

if JD is completely open about the math, and there is still a demand..... it seems no different than the current implementation of JD. doog is completely open about the math, and there is still a demand for the site.

let the user determine what is best for them.

additionally, insurance could be another revenue stream for doog, and reduce the variance in his income as well.

GeoRW

sr. member

Activity: 350

Merit: 257

Trust No One

Quote from: mechs on July 29, 2013, 11:39:39 PM

Quote from: dooglus on July 29, 2013, 11:06:40 PM

I just received an email from someone telling me they bought a new phone and so lost access to google auth, and so can't log in.

They want me to reset their google auth so they can log in again.

This seems wrong to me. If I reset google auth on demand, what's the point of even offering it?

So please, make sure you have a backup of your google auth secret, in case you ever buy a new phone and so lose access. If you already have google auth enabled on your account but don't have a backup of the secret, please PM me and I'll temporarily disable it so you can make a backup.

Seems like a good solution would be to have them send you a verified message from a bitcoin address where they had previous sent a large deposit. If they have an email registered with the account, sending an email from that account would seem like another good idea to verify identity.

I once lost GA code to my account at MtGox. They have reset it without any problem. Just an e-mail was sent to my e-mail address (stored in their DB) mentioning that the GA will be reset in 3 weeks time and if I didn't requested this I should contact their support team. Another e-mail was sent again like 3 days before reset date. Something similar could be done for JD.

infested999

hero member

Activity: 854

Merit: 500

I will make a 1 BTC bet at 49.5%

Looking for someone to insure my bet for 0.5 BTC

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: wolverine.ks on July 30, 2013, 09:37:16 AM

what about offering insurance on your bets like in black jack?

it would help mitigate the effects of variance, right?

it could even be really specific, like, 'if i lose 9 in a row insurance pays out X btc'.

or perhaps it could be a choose your own adventure and anyone can write their own contract through fill in the blanks.... if (fill in the blank) happens, insurance pays (fill in the blank) and will cost (fill in the blank).

the buyer fills in any 2 blanks and the 3rd blank would fill itself in order to maintain a positive ev for the site...

seems like needlessly complicated.
after all, if you know your math, you know that just betting less it as effective as doing that.

remember we are here to service the users, not to con them.

wolverine.ks

sr. member

Activity: 375

Merit: 250

what about offering insurance on your bets like in black jack?

it would help mitigate the effects of variance, right?

it could even be really specific, like, 'if i lose 9 in a row insurance pays out X btc'.

or perhaps it could be a choose your own adventure and anyone can write their own contract through fill in the blanks.... if (fill in the blank) happens, insurance pays (fill in the blank) and will cost (fill in the blank).

the buyer fills in any 2 blanks and the 3rd blank would fill itself in order to maintain a positive ev for the site...

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: drawingthesun on July 30, 2013, 02:05:46 AM

Quote from: wolverine.ks on July 30, 2013, 01:59:32 AM

doog,

does the 5% commission get applied the moment you divest, or the moment you remove your btc from the site completely?

Moment you divest.

EDIT: Check the invest history, it will show the amount of commission charged.

Yes, it's when you divest, and only if you divest all your principal and some new profit. So if you invest 100, gain 10 in profit, then divest the original 100 or less, you pay no commission until the weekly run on Sunday.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: wolverine.ks on July 30, 2013, 01:59:32 AM

doog,

does the 5% commission get applied the moment you divest, or the moment you remove your btc from the site completely?

Moment you divest.

EDIT: Check the invest history, it will show the amount of commission charged.

wolverine.ks

sr. member

Activity: 375

Merit: 250

doog,

does the 5% commission get applied the moment you divest, or the moment you remove your btc from the site completely?

Jonny Heggheim

member

Activity: 74

Merit: 10

Hmm.. I would be pretty pissed off if someone managed to hack my account using social engineering

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Jonny Heggheim on July 30, 2013, 01:05:08 AM

What about sending the Bitcoins to the emergency address?

Good idea, except:

* the emergency address isn't currently locked using google-auth, so an attacker would just change it

and

* it's not set on the account in question

Jonny Heggheim

member

Activity: 74

Merit: 10

Quote from: dooglus on July 29, 2013, 11:06:40 PM

I just received an email from someone telling me they bought a new phone and so lost access to google auth, and so can't log in.

They want me to reset their google auth so they can log in again.

This seems wrong to me. If I reset google auth on demand, what's the point of even offering it?

So please, make sure you have a backup of your google auth secret, in case you ever buy a new phone and so lose access. If you already have google auth enabled on your account but don't have a backup of the secret, please PM me and I'll temporarily disable it so you can make a backup.

What about sending the Bitcoins to the emergency address?

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: mechs on July 29, 2013, 11:39:39 PM

Seems like a good solution would be to have them send you a verified message from a bitcoin address where they had previous sent a large deposit. If they have an email registered with the account, sending an email from that account would seem like another good idea to verify identity.

Both of those things are things an attacker could fake having installed a keylogger on the victim's machine. The purpose of 2FA is to be something that the attacker can't fake.

Quote from: 🏰 TradeFortress 🏰 on July 29, 2013, 11:41:19 PM

Then people will ask you to temporarily disable 2FA while they "make a backup" Cheesy

That's fine, so long as they can provide a valid 6 digit code before I do so.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Then people will ask you to temporarily disable 2FA while they "make a backup" Cheesy

mechs

full member

Activity: 210

Merit: 100

Quote from: dooglus on July 29, 2013, 11:06:40 PM

I just received an email from someone telling me they bought a new phone and so lost access to google auth, and so can't log in.

They want me to reset their google auth so they can log in again.

This seems wrong to me. If I reset google auth on demand, what's the point of even offering it?

So please, make sure you have a backup of your google auth secret, in case you ever buy a new phone and so lose access. If you already have google auth enabled on your account but don't have a backup of the secret, please PM me and I'll temporarily disable it so you can make a backup.

Seems like a good solution would be to have them send you a verified message from a bitcoin address where they had previous sent a large deposit. If they have an email registered with the account, sending an email from that account would seem like another good idea to verify identity.

dooglus

legendary

Activity: 2940

Merit: 1333

I just received an email from someone telling me they bought a new phone and so lost access to google auth, and so can't log in.

They want me to reset their google auth so they can log in again.

This seems wrong to me. If I reset google auth on demand, what's the point of even offering it?

So please, make sure you have a backup of your google auth secret, in case you ever buy a new phone and so lose access. If you already have google auth enabled on your account but don't have a backup of the secret, please PM me and I'll temporarily disable it so you can make a backup.

xaviarlol

full member

Activity: 153

Merit: 100

Quote from: dooglus on July 29, 2013, 06:40:34 PM

Players are asking for a promotion for the 40 millionth bet.

I made an address (15eUfpGRrwURexYfaLgyBhUuvAdzcKNeiE) to collect donations from investors for the prize money. We have 3 donations of 0.1 BTC each so far.

Bets of 0.0001 BTC and up qualify. The one closest to 40m gets the pot.

Shouldn't the promotions be set up in such a way as to incentivize more betting? 40th million bet is pretty predictable, so players will probably save their bets until it gets close.

What about a promotion that if someone gets 2x wins @ 3% (minimum 0.1BTC bet) odds in a row, they win the "bonus"? Could help raise the house profits back up. Unless we get mega-unlucky again.

dooglus

legendary

Activity: 2940

Merit: 1333

Players are asking for a promotion for the 40 millionth bet.

I made an address (15eUfpGRrwURexYfaLgyBhUuvAdzcKNeiE) to collect donations from investors for the prize money. We have 3 donations of 0.1 BTC each so far.

Bets of 0.0001 BTC and up qualify. The one closest to 40m gets the pot.

Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 188. (Read 435360 times)