Going to have some expected downtime within the next hour. We are doing a lot of server maintenance/behind the scenes stuff so the downtime could potentially be around 2 hours.
well stunna, looks like another dice site has ran away
you''ve been right the whole time
When the amount at risk > the reputation there has almost always been a scam. I don't see why anyone would expect brand new anonymous people to be trustworthy with countless thousands of coins. Dooglus was well trusted in this community before people even considered investing a single coin with him. The people behind Dicebit, diceninja, onedice and the dozens of others of investment sites will keep relaunching and the same people who were scammed will likely forget continue to invest.
I'm not going to bother to keep ringing alarms about this issue because I know that most people will choose to remain ignorant to the risks or just move their money to some sort of cloud mining ponzi scheme. If you want to truly own bitcoin, hold the private keys. Current investment sites are all negative expected value from my point of view, bitcoin is a solid investment in its own right. If there is an instant, simple and secure way to make investments fair I would have already implemented it.
People list the biggest negative of primedice as not offering investments but assuming I did you would have to trust me to not only play against the investors but also to properly secure your bitcoins. I'm not going to replace a system that is finally verifiable/fair and secure for everyone involved with one that isn't. Few people even consider the legal risks of offering such a service and the risk of your life even, imagine if someone hunted down an investment operator.
In my opinion, nobody in the bitcoin community whether anonymous or not has neither the level of trust nor capability to offer a stable investment scheme when all risks are accounted for. JD was the closest we would ever get to that point due to legality. I'd want nothing more than to make PD community sourced, dooglus has truly created a marvel of a system. The downside is in the risk. A lot of people think we are being greedy by not wanting to crowd-source, but honestly we'd make a lot more if we did. What generally ends up happening with investments is an investor will lose a chunk of their money to a whale who wins and a person who would not normally gamble will blow their entire bankroll, this has been proven to happen again and again.
I firmly believe that our unwillingness to accept investments despite all the potential gains is a testament to the fact that we are honest people, long term believers in bitcoin and not simply looking to scam or make a quick buck. We will be making some unrelated changes to our service soon as it is time for everyone to start preparing for the long run.
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