Just-Dice.com : now with added CLAMs : Play or Invest - page 26.

dooglus

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Quote from: Dabs on February 09, 2016, 11:38:45 AM

doog, may I ask for generic non-identifiable details on the hardware / server set up of JD? I know some other sites are on dedicated servers, or co-located hardware, and some smaller ones are just on VPS. What kind of bandwidth or processor usage do you see with the number of users and/or concurrent connections, etc, that kind of stuff.

I'm kind of busy at the moment.

Dabs

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The Concierge of Crypto

doog, may I ask for generic non-identifiable details on the hardware / server set up of JD? I know some other sites are on dedicated servers, or co-located hardware, and some smaller ones are just on VPS. What kind of bandwidth or processor usage do you see with the number of users and/or concurrent connections, etc, that kind of stuff.

dooglus

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Quote from: dooglus on February 09, 2016, 10:52:54 AM

The site is down after suffering a hardware failure.

The coins in the wallets are safe.

I don't know right now how long it will take to get it back up. I'll post more when I have more information.

Sorry for the inconvenience.

I have moved the coins from the hot wallet to ~~a new hot wallet~~ the staking address, in case anyone is watching and wondering why the coins just moved.

There's 3186 coins in the hot wallet which staked recently, are currently "maturing", and so are not movable. I'll move those as well once they have matured.

SebastianJu

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Quote from: djhomeschool on February 08, 2016, 11:35:45 PM

Quote from: SebastianJu on February 08, 2016, 06:29:43 PM

What amount of winning would NOT crash the market? I only ask because i occassionally use just-dice as a lottery replacement. Tongue

With normal lotteries state will take around 50% of the investments as tax already. Only the rest is paid out.

Then what amount would not crash the market?

I guess to prevent that it would be the only solution to claim that the clams will be sold in an auction on bitcointalk. Even holding them at just-dice would crash the price since people would fear you still dump.

Hmm, what's something people who win big could do with their JD winnings? If only there were things to do other than JD to use CLAM...

Shall I lay it on thicker?

vvvvvvvvvv

Guess i don't get what you mean. Tongue

In case you mean that a big winner should simply invest then i think this surely will not help against a market crash because everyone still would fear that these clams will be dropped.

My question was how to avoid the panic crash.

bvadi146

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Quote from: dooglus on February 09, 2016, 10:52:54 AM

The site is down after suffering a hardware failure.

The coins in the wallets are safe.

I don't know right now how long it will take to get it back up. I'll post more when I have more information.

Sorry for the inconvenience.

thanks for information Doog..

loved JD.

Kiritsugu

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Activity: 1570

Merit: 1041

Quote from: dooglus on February 09, 2016, 10:52:54 AM

The site is down after suffering a hardware failure.

The coins in the wallets are safe.

I don't know right now how long it will take to get it back up. I'll post more when I have more information.

Sorry for the inconvenience.

Hopefully it's back up soon, I was about to make a decent-size depo haha. Thanks for the info doogy.

altcoinlinks2

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Activity: 60

Merit: 10

Quote from: dooglus on February 09, 2016, 10:52:54 AM

The site is down after suffering a hardware failure.

The coins in the wallets are safe.

I don't know right now how long it will take to get it back up. I'll post more when I have more information.

Sorry for the inconvenience.

lol Crazy this is what i was looking for Thank you

Evil-Dragon

newbie

Activity: 31

Merit: 0

Quote from: dooglus on February 09, 2016, 10:52:54 AM

The site is down after suffering a hardware failure.

The coins in the wallets are safe.

I don't know right now how long it will take to get it back up. I'll post more when I have more information.

Sorry for the inconvenience.

Thanks for the heads up dooglus! Does this mean I have to do other things than be a chat degen? I will survive this cold turkey moment...

dooglus

legendary

Activity: 2940

Merit: 1333

The site is down after suffering a hardware failure.

The coins in the wallets are safe.

I don't know right now how long it will take to get it back up. I'll post more when I have more information.

Sorry for the inconvenience.

Edit: I put up a temporary placeholder site here: https://just-dice.com/ and that's where I'll post updates.

freedomno1

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Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Bit late to this but an interesting change leverage is used to maximize return/risks so a lower max risk will still in effect net 0 since its universal.
Changes the distribution of losses for 1x holders and pure stakers but not significantly unless your a major parker of clams.
Staking only does look interesting but if its permanent once active it may not be as attractive an option, either way its a wait and see

Also Seb no 5x's on posts make a giant post Tongue

djhomeschool

full member

Activity: 340

Merit: 164

Quote from: SebastianJu on February 08, 2016, 06:29:43 PM

What amount of winning would NOT crash the market? I only ask because i occassionally use just-dice as a lottery replacement. Tongue

With normal lotteries state will take around 50% of the investments as tax already. Only the rest is paid out.

Then what amount would not crash the market?

I guess to prevent that it would be the only solution to claim that the clams will be sold in an auction on bitcointalk. Even holding them at just-dice would crash the price since people would fear you still dump.

Hmm, what's something people who win big could do with their JD winnings? If only there were things to do other than JD to use CLAM...

Shall I lay it on thicker?

vvvvvvvvvv

SebastianJu

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It was some kind of gambling for investors... at the end i think it can't be considered unfair since one can't claim it unfair that some gamblers take a higher risk to earn higher profits too. Something like that. Tongue

Quote from: andulolika on February 08, 2016, 11:19:52 AM

Quote from: Thirteen on February 08, 2016, 11:15:30 AM

I wish we could keep at least a 25x offsite in the end, even after the staking only option is implemented.
It would have been a good average regarding the results of the poll.

As much as I trust Just-Dice, I'll always be more comfortable having the majority of my coins secured in my wallet Grin

.

But overall I welcome the changes. They were definitely needed. 100x and even 50x multipliers were way too much. Good work as always doog.

All the utility i saw of the full offsite is to get more profit than investors that believe that it can easily end in a loss, since no bet over 30k was made if all investors were 1x the profit/loss per bet would be the same as if all investors were 100x, yet if all the investors were offsite 0 the house edge should have harder effect since limiting bets. I think no one but dooglus and atleast on the beginning used the feature "properly".
Edit: not sure about the "harder house edge" part so correct me if im wrong.

SebastianJu

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Quote from: dooglus on February 07, 2016, 08:52:50 PM

Quote from: gaba on February 07, 2016, 03:13:45 PM

You and your friends, as you said, succesfully bought majority of digger's CLAMs. Good job.

I don't know if the digger made any private deals. He made none with me. I bought some coins cheap on poloniex when he dumped there. You seem to be implying that something unfair happened but as far as I can see the coins were sold to the highest bidder on a public marketplace.

I believe he sold his last coins for deals of 50 bitcoin on a thread on here or so. Just-dice or clams-thread. Those people dumped shortly after doubling their investment in a short timeframe. Well, chance taken i guess. Cheesy

SebastianJu

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Quote from: dooglus on February 07, 2016, 08:45:58 PM

Quote from: Evil-Dragon on February 07, 2016, 02:18:17 PM

People may be hurt by this change but it is a needed one, for clam and for everyone who gambles and invests at JD.

Quote from: ranlo on February 07, 2016, 02:44:55 PM

There is a slight difference due to people investing at 1x Kelly or so, but the majority were doing max.

There is a class of JD investor who is inconvenienced by this change: the investor who doesn't want to be bankrolling a dice site at all, and is really only interested in having JD stake his coins for him.

Until yesterday he was able to invest in the bankroll with no offsite. All the big 100x investors would dilute his investment so much that he was taking very little risk from players.

Now however his share of the bankroll has almost doubled as all the 100x investors are now only 50x. And his share will continue to increase as the maximum offsite multiplier continues to drop.

I think the solution for this is to offer staking-only to those people, so you can continue to collect staking rewards (minus the 10% commission) without being involved in the bankroll at all.

It will take me a while to implement the staking-only feature. Until I do, I won't drop the maximum offsite multiplier below 25x.

Note, of course, that even with a limit of 10x on the offsite multiplier, it's still less risky for the investors with no offsite than it was before offsite investment was first offered.

Um, why do you want to do something against that? I mean really, why?

You invented that feature to make people divest and holding clams in their own wallet. Now you found a way that people will do so and you will hold them on justdice artificially.

I don't see why you want to do this. It would be an unexpected side effect of your change to reach your inital goal. Cheesy

SebastianJu

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Quote from: nicolaennio on February 07, 2016, 03:02:55 PM

Agree on the change. Right now it looks like a small fair lottery, not just a dice. And since the last whale was crushing so hard the market, a winner of 400K would crash it too.

What amount of winning would NOT crash the market? I only ask because i occassionally use just-dice as a lottery replacement. Tongue

With normal lotteries state will take around 50% of the investments as tax already. Only the rest is paid out.

Then what amount would not crash the market?

I guess to prevent that it would be the only solution to claim that the clams will be sold in an auction on bitcointalk. Even holding them at just-dice would crash the price since people would fear you still dump.

SebastianJu

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Quote from: ranlo on February 07, 2016, 02:44:55 PM

Quote from: Evil-Dragon on February 07, 2016, 02:18:17 PM

It's been needed for some time doog and even as an investor I welcome the change. The risks of 100x were too high and could bring about huge losses if max profit was ever won, which was a tall order anyway given the odds of winning that insane amount. Not only is clam more protected now, perhaps people will choose to do more with their clam now rather than letting it sit with a high offsite on JD.

People may be hurt by this change but it is a needed one, for clam and for everyone who gambles and invests at JD.

I don't think it hurts anyone. Illustration (keep in mind people aren't winning 200k+ per roll as it is):

You have 100 CLAM and I have 200 CLAM. We both invest at 100x. You now have 10,000 and I have 20,000 (giving you 33.3% and me 66.6%).
He changes max Kelly to 10x
You have 100 CLAM and I have 200 CLAM. We both invest at 10x. You now have 1,000 and I have 2,000 (giving you 33.3% and me 66.6%).

This affects nothing on the user's end. Either way, our relative ownership of the pool is the same, therefore we both earn and lose at the same exact rate as we did when we were at 100x.

There is a slight difference due to people investing at 1x Kelly or so, but the majority were doing max.

I guess he meant it more like: You have 100 clam and you invest at 100x. You lose big and then you lower max offsite invest to 10%. Now the chance to win big is cut down. Of course the chance to lose big again too but the volatility of profi-loss is way lower which lowers the chance to win the losses back fast.

Yes, i'm aware this works in both directions and luck has no memory.

andulolika

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Quote from: Thirteen on February 08, 2016, 11:15:30 AM

I wish we could keep at least a 25x offsite in the end, even after the staking only option is implemented.
It would have been a good average regarding the results of the poll.

As much as I trust Just-Dice, I'll always be more comfortable having the majority of my coins secured in my wallet Grin

.

But overall I welcome the changes. They were definitely needed. 100x and even 50x multipliers were way too much. Good work as always doog.

All the utility i saw of the full offsite is to get more profit than investors that believe that it can easily end in a loss, since no bet over 30k was made if all investors were 1x the profit/loss per bet would be the same as if all investors were 100x, yet if all the investors were offsite 0 the house edge should have harder effect since limiting bets. I think no one but dooglus and atleast on the beginning used the feature "properly".
Edit: not sure about the "harder house edge" part so correct me if im wrong.

Thirteen

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Activity: 3

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I wish we could keep at least a 25x offsite in the end, even after the staking only option is implemented.
It would have been a good average regarding the results of the poll.

As much as I trust Just-Dice, I'll always be more comfortable having the majority of my coins secured in my wallet Grin

.

But overall I welcome the changes. They were definitely needed. 100x and even 50x multipliers were way too much. Good work as always doog.

andulolika

legendary

Activity: 2338

Merit: 1047

Quote

I'm not sure what point you are trying to make. You seem butthurt for some reason, but it's hard to know exactly why.

lol

ranlo

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Activity: 1988

Merit: 1007

Quote from: dooglus on February 07, 2016, 08:45:58 PM

Quote from: Evil-Dragon on February 07, 2016, 02:18:17 PM

People may be hurt by this change but it is a needed one, for clam and for everyone who gambles and invests at JD.

Quote from: ranlo on February 07, 2016, 02:44:55 PM

There is a slight difference due to people investing at 1x Kelly or so, but the majority were doing max.

There is a class of JD investor who is inconvenienced by this change: the investor who doesn't want to be bankrolling a dice site at all, and is really only interested in having JD stake his coins for him.

Until yesterday he was able to invest in the bankroll with no offsite. All the big 100x investors would dilute his investment so much that he was taking very little risk from players.

Now however his share of the bankroll has almost doubled as all the 100x investors are now only 50x. And his share will continue to increase as the maximum offsite multiplier continues to drop.

I think the solution for this is to offer staking-only to those people, so you can continue to collect staking rewards (minus the 10% commission) without being involved in the bankroll at all.

It will take me a while to implement the staking-only feature. Until I do, I won't drop the maximum offsite multiplier below 25x.

Note, of course, that even with a limit of 10x on the offsite multiplier, it's still less risky for the investors with no offsite than it was before offsite investment was first offered.

Ahh, you're right. I hadn't considered people that just wanted the staking... makes sense, though. And I agree that allowing people to just stake would be a cool addition.

Topic: Just-Dice.com : now with added CLAMs : Play or Invest - page 26. (Read 454769 times)