Just-Dice.com : now with added CLAMs : Play or Invest - page 170.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: malevolent on August 17, 2013, 11:57:48 AM

Quote from: dooglus on June 19, 2013, 10:14:02 PM

* minimal fees of just 1% on net investment profits to cover site expenses. (fees will be 5% from 7th July)

You should update this because the fee has grown to 10% now.

Thanks. I forgot I had written the commission rate there.

I updated it to say:

Quote

* net profit is split between the house and the investors as follows: house gets 10%, investors get 90%.

I'll reply to the rest of your post separately once I've finished reading this thread.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: eleuthria on August 17, 2013, 02:00:57 PM

Quote from: 🏰 TradeFortress 🏰 on August 17, 2013, 01:25:03 PM

It doesn't make getting head more likely.

Which is unfortunate, because everybody here would probably like to increase the odds of that. Grin

You're a bad man for making me choke on my breakfast like that!

mechs

full member

Activity: 210

Merit: 100

Quote from: malevolent on August 17, 2013, 11:57:48 AM

Quote from: dooglus on June 19, 2013, 10:14:02 PM

* minimal fees of just 1% on net investment profits to cover site expenses. (fees will be 5% from 7th July)

You should update this because the fee has grown to 10% now.

This is not exactly what I have been expecting after reading this:

Quote from: dooglus on June 20, 2013, 01:03:52 AM

I plan to make the accounts transparent too. I'll itemize how much has been collected in commission, and how it has been spent. Kind of like SDICE, but without the $10k/month sysadmin fees. If the 1% commission on investor profits is more than the site needs, I'll cut it.

I haven't followed all the posts in this thread but were the expenses of running the site listed anywhere?

EDIT: of course what I'm interested in is just-dice list of expenses

He runs the sites on an EC2 Amazon droplet - not too expensive. The expenses come out of the non-gambling reveue the site produces, which is the commission of 10% on weekly profits and advertising revenue.

mechs

full member

Activity: 210

Merit: 100

Quote from: eleuthria on August 17, 2013, 02:00:57 PM

Quote from: 🏰 TradeFortress 🏰 on August 17, 2013, 01:25:03 PM

It doesn't make getting head more likely.

Which is unfortunate, because everybody here would probably like to increase the odds of that. Grin

that made me laugh out out Grin

eleuthria

legendary

Activity: 1750

Merit: 1007

Quote from: 🏰 TradeFortress 🏰 on August 17, 2013, 01:25:03 PM

It doesn't make getting head more likely.

Which is unfortunate, because everybody here would probably like to increase the odds of that. Grin

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: dooglus on August 14, 2013, 01:01:57 AM

Quote from: mechs on August 13, 2013, 11:25:09 PM

Not sure you can call something a web wallet if you can lose the coins deposited!

You can opt for the 0% interest lower-risk option if you like.

Quote

Doesn't matter what you rolled previously, but next will have equal chances of win/lose in any case.

Probability 101 for martingalers who believe in gambler's fallacy:

The chances of getting two heads in a row is 25%.

The chance of getting a head after getting a head is 50%. Look at it like this:

Head > Head
Head > Tail
Tail > Head
Tail > Tail

When you've got a head, you've already ventured on the two head paths. It doesn't make getting head more likely.

infested999

hero member

Activity: 854

Merit: 500

Quote from: malevolent on August 17, 2013, 11:57:48 AM

You should update this because the fee has grown to 10% now.

WHEN WILL DOOG GO TOO FAR?

10000% commision and JD will be a scam site.

10000% = Total wagered.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: malevolent on August 17, 2013, 11:57:48 AM

Quote from: dooglus on June 19, 2013, 10:14:02 PM

* minimal fees of just 1% on net investment profits to cover site expenses. (fees will be 5% from 7th July)

You should update this because the fee has grown to 10% now.

This is not exactly what I have been expecting after reading this:

Quote from: dooglus on June 20, 2013, 01:03:52 AM

I plan to make the accounts transparent too. I'll itemize how much has been collected in commission, and how it has been spent. Kind of like SDICE, but without the $10k/month sysadmin fees. If the 1% commission on investor profits is more than the site needs, I'll cut it.

I haven't followed all the posts in this thread but were the expenses of running the site listed anywhere?

Did SDICE really only cost investors $10k/month? JD is already at $5k - $10k/week.

malevolent

legendary

Activity: 3472

Merit: 1724

Quote from: dooglus on June 19, 2013, 10:14:02 PM

* minimal fees of just 1% on net investment profits to cover site expenses. (fees will be 5% from 7th July)

You should update this because the fee has grown to 10% now.

This is not exactly what I have been expecting after reading this:

Quote from: dooglus on June 20, 2013, 01:03:52 AM

I plan to make the accounts transparent too. I'll itemize how much has been collected in commission, and how it has been spent. Kind of like SDICE, but without the $10k/month sysadmin fees. If the 1% commission on investor profits is more than the site needs, I'll cut it.

I haven't followed all the posts in this thread but were the expenses of running the site listed anywhere?

EDIT: of course what I'm interested in is just-dice list of expenses

akabmikua

full member

Activity: 223

Merit: 100

Most of the people are discussing about martingale. But why? That is gonna fail anyway.

I remember some lines of conversation when I had a talk with my friend

Quote

Me: I rolled 1000 wins and 250 loses, what is the probability of getting a win now?
Friend: 50/50% for both.

Doesn't matter what you rolled previously, but next will have equal chances of win/lose in any case.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: drawingthesun on August 14, 2013, 02:35:07 AM

Quote from: Dabs on August 14, 2013, 02:18:12 AM

If you put your money in just-dice, as the balance, but not as invested, you can't lose it if you don't bet at all. You can then use JD as a web wallet.
When you need to pay for something, and you're a little short, a couple of 98% bets will give you the little bit you need. (Bad Advice, but I used to do it on SD when all I had was 1.98 and I needed 2.01)

Really?

Yeah I did the same when I was in that case :

I need to buy something with bitcoins quickly, the more I wait the higher the price become and it would take 2 days to buy more bitcoins (and the price could get even higher). So the best to do is to bet 1 or 2 times at 98% chance of winning to reach the required amount of bitcoins.

Sometimes, you better risk 2% chance of an amount than loosing few days and a small amount.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Dabs on August 14, 2013, 02:18:12 AM

If you put your money in just-dice, as the balance, but not as invested, you can't lose it if you don't bet at all. You can then use JD as a web wallet.

When you need to pay for something, and you're a little short, a couple of 98% bets will give you the little bit you need. (Bad Advice, but I used to do it on SD when all I had was 1.98 and I needed 2.01)

Really?

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

If you put your money in just-dice, as the balance, but not as invested, you can't lose it if you don't bet at all. You can then use JD as a web wallet.

When you need to pay for something, and you're a little short, a couple of 98% bets will give you the little bit you need. (Bad Advice, but I used to do it on SD when all I had was 1.98 and I needed 2.01)

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: mechs on August 13, 2013, 11:25:09 PM

Quote from: dooglus on August 13, 2013, 11:01:14 PM

Quote from: mechs on August 13, 2013, 02:02:53 PM

I don't know who the owners of blockchain.info are anymore than I do inputs.io. I personally use coinbase for my web wallet. Incorporated in US, $5M in venture funding and owners are well known. Only problem is lately they seem to have problems pushing btc transfers onto the blockchain without hour long delays.

Surely it's best to use Just-Dice as your web wallet - they pay kind of interest, mostly positive, on balances. Wink

Not sure you can call something a web wallet if you can lose the coins deposited!

My pants wallet does a great job of losing my coins, and there's no chance my pants will pay any interest on the money. I prefer the Just-Dice wallet to the pants wallet, any day.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: mechs on August 13, 2013, 11:25:09 PM

Not sure you can call something a web wallet if you can lose the coins deposited!

You can opt for the 0% interest lower-risk option if you like.

mechs

full member

Activity: 210

Merit: 100

Quote from: dooglus on August 13, 2013, 11:01:14 PM

Quote from: mechs on August 13, 2013, 02:02:53 PM

I don't know who the owners of blockchain.info are anymore than I do inputs.io. I personally use coinbase for my web wallet. Incorporated in US, $5M in venture funding and owners are well known. Only problem is lately they seem to have problems pushing btc transfers onto the blockchain without hour long delays.

Surely it's best to use Just-Dice as your web wallet - they pay kind of interest, mostly positive, on balances. Wink

Not sure you can call something a web wallet if you can lose the coins deposited!

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: mechs on August 13, 2013, 02:02:53 PM

I don't know who the owners of blockchain.info are anymore than I do inputs.io. I personally use coinbase for my web wallet. Incorporated in US, $5M in venture funding and owners are well known. Only problem is lately they seem to have problems pushing btc transfers onto the blockchain without hour long delays.

Surely it's best to use Just-Dice as your web wallet - they pay kind of interest, mostly positive, on balances. Wink

mechs

full member

Activity: 210

Merit: 100

Quote from: Otoh on August 13, 2013, 07:09:33 PM

Quote from: mechs on August 13, 2013, 06:36:54 PM

Quote from: ?? on ??

blockchain.info keeps your private key on the browser, they never know it.
inputs.io does not.
You actually don't need to trust blockchain.info as long as you have their extension that does not allow changing the JavaScript code.

That interesting, make it more hacker-proof than even coinbase then. But that means if your computer crashes you lose the private keys?

When you set it up, get it to make an encrypted (with your password) backup sent to your email & it will send a new one each time that you make a critical change to the wallet I believe, it's probably even simpler than this, so even if you lose your computer if you have access to your email & remember your password then you can restore.

Then that is definitely much more secure than inputs.io and even more secure than coinbase (I do not believe they encrypt my private keys with my own pwd but I could be wrong!). Still, I know who owns coinbase and they are very unlikely to run off with the coins. Who runs blockchain.info?

Otoh

donator

Activity: 3108

Merit: 1166

Quote from: mechs on August 13, 2013, 06:36:54 PM

Quote from: ?? on ??

blockchain.info keeps your private key on the browser, they never know it.
inputs.io does not.
You actually don't need to trust blockchain.info as long as you have their extension that does not allow changing the JavaScript code.

That interesting, make it more hacker-proof than even coinbase then. But that means if your computer crashes you lose the private keys?

When you set it up, get it to make an encrypted (with your password) backup sent to your email & it will send a new one each time that you make a critical change to the wallet I believe, it's probably even simpler than this, so even if you lose your computer if you have access to your email & remember your password then you can restore.

BRules

sr. member

Activity: 293

Merit: 250

Quote from: mechs on August 13, 2013, 06:36:54 PM

That interesting, make it more hacker-proof than even coinbase then. But that means if your computer crashes you lose the private keys?

no, the blockchain.info has a copy of the private keys, but it is encrypted with your password. When you try to login to your wallet, your browser retrieves the encrypted wallet from the blockchain.info server and decrypt it client side. so, you don't need to worry about backups. The only thing you can't lose is your password and your id.

Topic: Just-Dice.com : now with added CLAMs : Play or Invest - page 170. (Read 454769 times)