Prcdice closed the investment feature

PocketRocketsCasino

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Quote from: nikona on August 30, 2015, 02:05:56 AM

Quote from: Tstar on August 30, 2015, 02:03:53 AM

I guess they made the algorithm unfair and removed the investors for them to profit ...
and maybe open it in some days after the people start complaining.

They haven't removed investors have they ? And I don't think they would ever make the algorithm unfair. No one would play there if they did.

Exactly, that's just a nonsense post he made.

Investment is closed to new investors. There was 5k btc invested and the site did not need all that so I auto divested 10% each week. Even now there's still 3k invested and a max payout of 290 Bitcoin, more than any other Bitcoin dice site.

There's no change to the algorithm at all, it's still the same provably fair method that you can verify using dicesites.com

nyktalgia1 is complaining about the increase in minimum bet and he thinks I done it so that he can't use some strategy he has created to win his coins back.
I have mentioned about increasing it for many months now. He was using 20 bots at the same time to bet 1 satoshi martingaling and it was giving worse performance to users who actually bet more than 1cent at a time so I increased it so that the site is not an attractive option for people looking to play using many bots betting one satoshi.

galbros

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Quote from: Chemistry1988 on August 30, 2015, 05:23:48 AM

Quote from: ndnh on August 30, 2015, 05:15:15 AM

how is closing investment feature even related to the minimum bet Huh

It doesn't. If I understand galbros's post correctly, only his first line is to respond to nyktalgia1 (about min bet), and the rest of his post is to respond to the previous discussion in this thread about bankroll investment.

And who knows why nyktalgia1 want to complain about the increase in min bet in this thread.

You got it Chemistry. Sorry for the confusion, I've gone and edited my post for clarity, not that I expect anyone else will come along and read it.

nyktalgia1 started a new thread to complain about the minimum bet and a few other things at PRC: https://bitcointalksearch.org/topic/warning-prc-pocketrocketscasinoeu-dont-play-here-1166235

Starting a new thread to complain about the new minimum seems a lot more sensible than complaining about it here.

Good Luck!

ndnh

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Quote from: Chemistry1988 on August 30, 2015, 05:23:48 AM

Quote from: ndnh on August 30, 2015, 05:15:15 AM

how is closing investment feature even related to the minimum bet Huh

It doesn't. If I understand galbros's post correctly, only his first line is to respond to nyktalgia1 (about min bet), and the rest of his post is to respond to the previous discussion in this thread about bankroll investment.

And who knows why nyktalgia1 want to complain about the increase in min bet in this thread.

hmm, yeah, I didn't take it that way lol.

Chemistry1988

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Quote from: ndnh on August 30, 2015, 05:15:15 AM

how is closing investment feature even related to the minimum bet Huh

It doesn't. If I understand galbros's post correctly, only his first line is to respond to nyktalgia1 (about min bet), and the rest of his post is to respond to the previous discussion in this thread about bankroll investment.

And who knows why nyktalgia1 want to complain about the increase in min bet in this thread.

ndnh

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Quote from: Chemistry1988 on August 30, 2015, 05:11:52 AM

Quote from: ndnh on August 30, 2015, 05:01:33 AM

Quote from: galbros on August 30, 2015, 03:28:53 AM

He explained on 5 Aug. that he is doing this because he thinks it will make the site easier to sell. The new site owner can get a better sense of the site earnings, investors don't have to be cashed out all at once, whatever.

How would increasing minimum bet actually help Huh

Pretty sure that the part you quoted is actually talking about closing the investment feature, rather than increasing the min bet.

Ok, in that case, how is closing investment feature even related to the minimum bet Huh

Chemistry1988

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Quote from: ndnh on August 30, 2015, 05:01:33 AM

Quote from: galbros on August 30, 2015, 03:28:53 AM

He explained on 5 Aug. that he is doing this because he thinks it will make the site easier to sell. The new site owner can get a better sense of the site earnings, investors don't have to be cashed out all at once, whatever.

How would increasing minimum bet actually help Huh

Pretty sure that the part you quoted is actually talking about closing the investment feature, rather than increasing the min bet.

ndnh

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Quote from: galbros on August 30, 2015, 03:28:53 AM

He explained on 5 Aug. that he is doing this because he thinks it will make the site easier to sell. The new site owner can get a better sense of the site earnings, investors don't have to be cashed out all at once, whatever.

How would increasing minimum bet actually help Huh

galbros

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Quote from: nyktalgia1 on August 30, 2015, 01:38:39 AM

dean is a fuckin shithead piece of shit, start winning my coin back and he changes min bet to 100 sats from 1 sat, I hope ppl stop playin there and wastin their money, dean is a fucking asshole, never liked him........ He just doesn't want me to win my coin back and then some, fuck you dean!

So you necroed this thread because he changed the minimum bet from 1 to 100 satoshi? Not a lot of sympathy there.

Back to OP with follow up question:
He explained on 5 Aug. that he is doing this because he thinks it will make the site easier to sell. The new site owner can get a better sense of the site earnings, investors don't have to be cashed out all at once, whatever.

I have to say that it does not make a lot of sense to me, but I have to assume he knows more about running (and selling) a gambling site than i do. And as I noted earleir upthread, it was nice of him to come here and lay things out.

A more interesting question is given that the sale of the site seems to have been put off, see: https://bitcointalksearch.org/topic/pocketrocketscasinoeu-for-sale-3080-btc-profit-bitcoin-gambling-site-1146382

Is the plan to continue to divest investors and why?

EDIT: I found an official update. So divestment will continue.

nikona

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Quote from: Tstar on August 30, 2015, 02:03:53 AM

I guess they made the algorithm unfair and removed the investors for them to profit ...
and maybe open it in some days after the people start complaining.

They haven't removed investors have they ? And I don't think they would ever make the algorithm unfair. No one would play there if they did.

Tstar

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I guess they made the algorithm unfair and removed the investors for them to profit ...
and maybe open it in some days after the people start complaining.

nikona

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Quote from: nyktalgia1 on August 30, 2015, 01:38:39 AM

dean is a fuckin shithead piece of shit, start winning my coin back and he changes min bet to 100 sats from 1 sat, I hope ppl stop playin there and wastin their money, dean is a fucking asshole, never liked him........ He just doesn't want me to win my coin back and then some, fuck you dean!

What does 1 sat to 100 sats have to do with betting ? If you were martingaling, I doubt he would have a problem with allowing 1 sat on the site. Anyways its the investors winning or losing money , so it wouldn't make sense.

nyktalgia1

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dean is a fuckin shithead piece of shit, start winning my coin back and he changes min bet to 100 sats from 1 sat, I hope ppl stop playin there and wastin their money, dean is a fucking asshole, never liked him........ He just doesn't want me to win my coin back and then some, fuck you dean!

Shogen

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Quote from: vendetahome on August 05, 2015, 02:53:46 PM

you shouldnt invest anywhere, the safest place for your bitcoins is your wallet, casinos can easily scam you or go bankrupt with all your money

True that you will need to take some risk for investing in casinos' bankroll, but the reward could be pretty good. You should choose to invest in established sites to reduce the chance of a runner, and to invest in sites with solid security and bankroll management to reduce the chance of house loss.

katerniko1

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Quote from: cryptasm on August 06, 2015, 02:30:46 AM

Quote from: katerniko1 on August 05, 2015, 06:46:28 PM

well that is good of owner.

hes cashing out investitors bit by bit and by that way max profit will stay the same and all money lost there will go 100% to him Cheesy

in this way he needs to split winnings with investitors so i would say why not Cheesy

and there is enough other sites that allow you to invest in bankroll lets say like diggit,moneypot as heard soon and rollin etc.
regards.
-Katerniko1

do you mean the old moneypot or the invest wallet?

well moneypot app

you can invest in their global bankroll

its great i tried it and went out positive
but its still a risk Cheesy

investing is gambling too Cheesy

regards.
-Katerniko1

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Quote from: katerniko1 on August 05, 2015, 06:46:28 PM

well that is good of owner.

hes cashing out investitors bit by bit and by that way max profit will stay the same and all money lost there will go 100% to him Cheesy

in this way he needs to split winnings with investitors so i would say why not Cheesy

and there is enough other sites that allow you to invest in bankroll lets say like diggit,moneypot as heard soon and rollin etc.
regards.
-Katerniko1

do you mean the old moneypot or the invest wallet?

katerniko1

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well that is good of owner.

hes cashing out investitors bit by bit and by that way max profit will stay the same and all money lost there will go 100% to him Cheesy

in this way he needs to split winnings with investitors so i would say why not Cheesy

and there is enough other sites that allow you to invest in bankroll lets say like diggit,moneypot as heard soon and rollin etc.
regards.
-Katerniko1

galbros

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I think it is great that dean responded here and laid things out. There was nothing in this thread about him running with the coins, but clearly he's been accused of that a lot in the past.

When dooglus ran BTC JD he said he had too much investment and considered going to .1% of wagered. ndnhc is exactly right, that process shifts the risk from the owner to the investors. While theoretically the same, the variance and risk is all on the investors. I was glad dooglus reconsidered and didn't adopt that.

I think it's also key to note that if you are an investor, you have not been kicked out of PRC dice, rather your investment will be slowly reduced over time so dean can make the case that the site is still profitable without the investment feature to potential buyers.

I wish him luck with the sale.

Good luck!

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Quote from: marioantonini on August 05, 2015, 02:26:29 PM

Every time i start an investment to a dice games, the site closes investments feature Sad

And now where invest ? I like only btc investment

There are many alternates if you are considering. Moneypot / bitdice are a few of them. Would suggest moneypot as its a very popular option these days . You would still want to do your own research into how much you are willing to trust them for .

vendetahome

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Quote from: marioantonini on August 05, 2015, 02:26:29 PM

Every time i start an investment to a dice games, the site closes investments feature Sad

And now where invest ? I like only btc investment

you shouldnt invest anywhere, the safest place for your bitcoins is your wallet, casinos can easily scam you or go bankrupt with all your money

marioantonini

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Every time i start an investment to a dice games, the site closes investments feature Sad

And now where invest ? I like only btc investment

Topic: Prcdice closed the investment feature (Read 2654 times)