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Topic: [POLL] Just-Dice INVESTORS: Do you agree with lowering the max bet? - page 6. (Read 7080 times)

legendary
Activity: 2786
Merit: 1011
Get Paid Crypto To Walk or Drive
As many of you know, Just-dice investors lost a lot of BTC to Nakowa.  He currently has 13,000BTC of investor money in his hands. As a result, dooglus lowered the max bet to 0.25%

Nakowa has stated that he will never play again since the max bet has been lowered.

As an investor, Are you happy with lowering the max bet?


You say that he has 13,000 BTC of investor's money, did he win that or steal it?  If it was won, then it is wrong to call tha tinvestor's money, if it was stolen, then you are correct.  The investor's knew the risk of where that money was going and chose to make the deposit anyway, therefor it is his money and not the investor's.  If he had lost, would you have said that you had his money?  No, it would have been your money.

But back on subject, I did not quite follow what happened and the events that led up to the max bet being dropped.  This is a weird instance though.  Technically the owners of the site are the investors and should be able to make decisions like that based on proportion of money invested.  But this is bitcoinland where company officials are not elected, and can do whatever they want with investors money, with little to no repurcussions.

Since this is bitcoinland I would say that since Dooglas started the site, he should be allowed to do whatever he wants with it.  That is not how the world is normally run, and he should probably have asked or created some polling system to get an idea of wha this investors thought.
full member
Activity: 210
Merit: 100
Who cares what anyone thinks except investors or gamblers? 

99.99% of gamblers are not effecting by a 80 BTC profit max (as it currently is and will continue to go up)
Investors did not want the variance, risk of ruin had become too high

Results of this poll are meaningless, and will probably be 1% since it makes for a more interesting show to see 400 BTC bets than 80 BTC ones.
hero member
Activity: 502
Merit: 500
should never have been changed without notice.
hero member
Activity: 1328
Merit: 563
MintDice.com | TG: t.me/MintDice
nope. 1% was good.  0.5% if something has to be done.  Investors need to realize they can lose money /story.
full member
Activity: 476
Merit: 100
As many of you know, Just-dice investors lost a lot of BTC to Nakowa.  He currently has 13,000BTC of investor money in his hands. As a result, dooglus lowered the max bet to 0.25%

Nakowa has stated that he will never play again since the max bet has been lowered.

As an investor, Are you happy with lowering the max bet?


EDIT: Some things to consider

PROS:
-- Less variance for investors.

CONS:
-- We must assume for now that Nakowa will not play again (this might change, but he said he won'y play again at this bet size). This means there is no way for investors to recover the 13,000BTC losses.
-- As BTC exchange rate rises bet sizes will drop. As time goes on without nakowa, its possible that the site will never hit +6000 profit making it impossible for some investors to recover their losses.
-- Changing bet size without notice wasn't good for gambler confidence.
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