Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 66. (Read 435353 times)

I am wondering if someone can help me make sense of the algorithm used to constuct a given roll.
For definiteness, lets' use the following bet: https://just-dice.com/roll/307724627

I initially construct the two strings:

s1 = 1496:'server seed':1496
s2 = 1496:'client seed':1496

The instructions then become ambiguous because it is not clear how these two strings should be concatenated before hashing with the SHA-512 function. I've tried a couple combinations and none give me the desired roll (once I take the first 5 characters from the hashed value and convert them to an integer).

Someone in the chat room suggested:

1496:'server seed'-'client seed':1496

But this didn't work either. Anybody have a clue?

Some historical results here:

http://organofcorti.blogspot.com.au/2013/11/147-investor-returns-at-just-dicecom.html

just-dice have 5000 btc wagered every day. I don't see any reasons why it will get worse in the next month.

guys, Singapore is going to ban online gambling. Anybody can write an article about it, about vpn, why they will not be able to play through the vpn on the traditional casino sites and about just-dice?

You can't get this info.
Past results does not impact future bets.

3% monthly is really nice

0.001/day, 0.007/week, 0.03/m

Trying to find this info but no avail: How much on average is a return on 1 BTC for investors per day? Any unit of time (week/month) is OK.

Hi

Thanks for all the replies, I think the responses are good. All issues above aside, $50m + on deposit is enough to guarantee that should something go wrong people would spend a lot of time figuring out exactly who Doog is and where he lives to get lost Bitcoins back. But... that surely means it is also a massive incentive for criminals to find Doog and not leave him until they have $50m+ in Bitcoins. I'm not sure how banks and exchanges deal with this issue. I hope you have good personal security. http://xkcd.com/538/

but the government may require to give them bitcoin wallets as bitcoin obtained illegally in their opinion. They will offer you a lenient sentence in return.

Mostly common decency and fear of being caught.  I'm not a thief, and I don't want to live in fear of retribution.


It's possible the site will be hacked.  I don't think it's possible to be 100% secure ever.  Most coins are stored offline in cold storage.  I never deposit investor funds with third parties unless I hold a deposit from that third party that more than covers the risked amount.  A case in point is inputs.io.  We accepted instant deposits using inputs.io, but that meant that inputs.io held deposited funds until I could transfer them to my own wallet each day.  To offset that risk I took a 500 BTC deposit from its owner.  When inputs.io lost 42 of our Bitcoins, I took that 42 BTC out of the 500 BTC deposit before returning it.


See #2 above.  Whether it's a hacker or a government that tries to steal investor funds, they'll find that the vast majority are safely stored offline.


I heard about a live roulette site which copied JD's bankroll model, casinobit.net.  Apparently it's possible for early investors to withdraw funds deposited by later investors, so that might be worth a look.  (Just kidding, it was another Bitcoin calamity).  Maybe someone else can answer this one.  I don't know how you're meant to judge the trustworthiness of a site.

1) Nothing.
2) Nothing.
3) Nothing.
4) I don't know. Check out the "Securities" and "Gambling" boards for more info.

Rookie question that is probably one of the stupidest of the day.

I am a current investor in the bank, I would love to invest more but there I am scared to increase my investment.

Simply put: What makes Just-Dice a safe place to store Bitcoins?

More possibly unnecessary details:
I understand as the bank, the risk I can loose Bitcoins or make Bitcoins but assuming a long term commitment and a 1% house edge that is not a concern.
1) What will stop the site owners from running off with the Bitcoins?
2) What will stop the site from getting hacked or depositing Bitcoins in a site\server that gets hacked.
3) What will stop a government from shutting down the website and seizing all assets as it is a (presumably) unregulated gambling site?
4) Are there any other reliable, trustworthy gambling sites (pref not another dice site) out there that let you make money from the bank and have enough customers to make it a real proposition? I have seen Ice-Dice and bitcoinsports.eu but my gut instict has suggested I should not invest in either.

I am not saying 1 & 2 are likely (Doog seems like a really great guy on the forums, I made a gut investment and whilst I trust my gut I did loose Bitcoins when Bitmarket.eu went down) but... the history of Bitcoin investments and online wallets suggests that for ever 1 legit investment there are 3 to 5 that disappear owing Bitcoins, possibly after partially refunding, possibly after no refunds at all.

I think it is a good idea.  It's not fair for some investors to promote the site at their own expense and others to do nothing and reap the rewards of those doing the promotion.[/quote]for example, one investor wrote dozens of articles per month, another investor bought one banner to simulate the ads activity. It does not solve the problem of tragedy of the commons.


50k it's 250 btc max profit. $300k right now. This is higher than the standard bets for the highrollers on the baccarat in Macau. But just-dice is a martingale site primarily.

just-dice offers 34 double only. just-dice was close to 35 (need 68719 btc site bankroll)

I think this kind of betting is a sort of http://de.wikipedia.org/wiki/Progression_d%E2%80%99Alembert (german).

I think it is a good idea.  It's not fair for some investors to promote the site at their own expense and others to do nothing and reap the rewards of those doing the promotion.

The advertising budget should come out of the commission that the site collects from all (profitable) investors.

And as for Just-Dice needing investors, I'm sure we could manage with a few less.  50k BTC is a huge sum at today's prices.

Quick edit: NO! I'm not hinting that commission is going to increase.  It isn't.

This is not a good idea. Just-dice needs in the investments. Just-dice will lose a lot of investors, if they will need to create ad.

The solution is to rake the profits and pay it from that or not advertise.

yea. Do you have a solution? Are you not worried about this now?

I think this might be a case of http://en.wikipedia.org/wiki/Tragedy_of_the_commons - paying for ads increases total profit, but any one investor's share of that increase would be less than what they paid.

Did any of the major just-dice investors to invest in ads? It looks like a dilemma. You invest your money in ads, but the profit is distributed to all. The individual investors to invest in just-dice more profitable, than advertising. But when no one isn't investing in ads is bad for everyone.