Topic: Primedice.com | Since 2013 | Longest Running Crypto Casino | 113 BTC Jackpot! - page 1452. (Read 1989554 times)

Quote from: bitwinwin on March 31, 2014, 11:51:22 PM

So what if I have a total balance a 1mil coins in primedice? I know there's a tiny chance to do it but will you be able to pay out within 15 minutes as well?

Our current max profit on win is 20 Bitcoins. If we lost all our Bitcoins, except 10, our max profit will change to 10 instead of 10. You can't win more than the amount of Bitcoin PD currently holds.

So if the max profit is 10 BTC and I win 10 BTC and another player win 5 BTC.. then your 5 BTC short right? Then the winnings is above PD's holdings.
How do you manage this scenario?

These bets would have to be placed within the exact same second or millisecond. Assuming this somehow happened I have significant private holdings and prior fiat investments that would cover this. Otherwise you'd just have to ask yourself if you'd want to purchase one of the most profitable bitcoin businesses for 5btc.

We are in a strong position as we can insure every single bitcoin deposit and balance with private funds. We also have not and have no plans to sell any btc so we can continue to support the same sized bet indefinitely. The odds of someone cleaning us given our max bet is extremely improbable and we have systems and collateral in place if this was ever to happen, more so than the any online casino that comes to mind.

you keep saying we. : Who the fuck is "we"? =\ tia!

Who are you??

hilariousandco

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Quote from: BBmodBB on April 02, 2014, 01:28:41 PM

Quote from: Stunna on April 02, 2014, 12:09:32 PM

Quote from: snuffish on April 02, 2014, 07:55:29 AM

Quote from: bitwinwin on March 31, 2014, 11:51:22 PM

So what if I have a total balance a 1mil coins in primedice? I know there's a tiny chance to do it but will you be able to pay out within 15 minutes as well?

Our current max profit on win is 20 Bitcoins. If we lost all our Bitcoins, except 10, our max profit will change to 10 instead of 10. You can't win more than the amount of Bitcoin PD currently holds.

So if the max profit is 10 BTC and I win 10 BTC and another player win 5 BTC.. then your 5 BTC short right? Then the winnings is above PD's holdings.
How do you manage this scenario?

These bets would have to be placed within the exact same second or millisecond. Assuming this somehow happened I have significant private holdings and prior fiat investments that would cover this. Otherwise you'd just have to ask yourself if you'd want to purchase one of the most profitable bitcoin businesses for 5btc.

We are in a strong position as we can insure every single bitcoin deposit and balance with private funds. We also have not and have no plans to sell any btc so we can continue to support the same sized bet indefinitely. The odds of someone cleaning us given our max bet is extremely improbable and we have systems and collateral in place if this was ever to happen, more so than the any online casino that comes to mind.

you keep saying we. : Who the fuck is "we"? =\ tia!

The business and/or the people/staff behind them. Why does it matter?

deisik

legendary

Activity: 3514

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Stunna, have you ever thought about making an api to your service? Roll Eyes

BBmodBB

full member

Activity: 154

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BTC = FREEDOM IS OUR ONLY HOPE!

Quote from: Stunna on April 02, 2014, 12:09:32 PM

Quote from: snuffish on April 02, 2014, 07:55:29 AM

Quote from: bitwinwin on March 31, 2014, 11:51:22 PM

So what if I have a total balance a 1mil coins in primedice? I know there's a tiny chance to do it but will you be able to pay out within 15 minutes as well?

Our current max profit on win is 20 Bitcoins. If we lost all our Bitcoins, except 10, our max profit will change to 10 instead of 10. You can't win more than the amount of Bitcoin PD currently holds.

So if the max profit is 10 BTC and I win 10 BTC and another player win 5 BTC.. then your 5 BTC short right? Then the winnings is above PD's holdings.
How do you manage this scenario?

These bets would have to be placed within the exact same second or millisecond. Assuming this somehow happened I have significant private holdings and prior fiat investments that would cover this. Otherwise you'd just have to ask yourself if you'd want to purchase one of the most profitable bitcoin businesses for 5btc.

We are in a strong position as we can insure every single bitcoin deposit and balance with private funds. We also have not and have no plans to sell any btc so we can continue to support the same sized bet indefinitely. The odds of someone cleaning us given our max bet is extremely improbable and we have systems and collateral in place if this was ever to happen, more so than the any online casino that comes to mind.

you keep saying we. : Who the fuck is "we"? =\ tia!

hilariousandco

global moderator

Activity: 3990

Merit: 2717

Join the world-leading crypto sportsbook NOW!

Quote from: Acidyo on April 02, 2014, 01:17:19 PM

Quote from: Stunna on April 02, 2014, 12:28:38 PM

Quote from: hilariousandco on April 02, 2014, 12:25:58 PM

Would the referral link commissions go straight into our PD accounts? It'd be nice to have a little extra to gamble with other than the faucet.

Right now we have it setup to credit accounts in realtime. Depending on whether or not there is any abuse we might change this.

What about referral links on your own PD signature, will that be a possibility or not?

Uncertain yet:

Quote from: Stunna on April 02, 2014, 12:25:25 PM

Quote from: hilariousandco on April 02, 2014, 12:08:35 PM

Quote from: Stunna on April 02, 2014, 11:28:57 AM

Prices were raised all across the line. Mainly there is a lot more incentive if you are a senior/hero member.

Primedice 3 is going to have an affiliate program as well, I'm still undecided on whether I will allow personal affiliate links for paid signatures.

If anyone disagrees with any aspects of this program or payment please voice your concerns and I'll do my best to make everyone happy.

What are the reasons for not allowing us to have referral links? I can't see an issue with it and it'd certainly make me happier, especially since the rates for Full Members are still lower than Ritz.

Also, will the loyalty bonuses still be coming?

Thanks.

I'll probably allow PD3 referral links. I'm just undecided as it is already pretty uneconomical to offer these rates considering we only have a 1% house edge.

Acidyo

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Activity: 588

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Quote from: Stunna on April 02, 2014, 12:28:38 PM

Quote from: hilariousandco on April 02, 2014, 12:25:58 PM

Would the referral link commissions go straight into our PD accounts? It'd be nice to have a little extra to gamble with other than the faucet.

Right now we have it setup to credit accounts in realtime. Depending on whether or not there is any abuse we might change this.

What about referral links on your own PD signature, will that be a possibility or not?

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: hilariousandco on April 02, 2014, 12:25:58 PM

Quote from: Stunna on April 02, 2014, 12:21:31 PM

Quote from: Nobitcoin on April 02, 2014, 12:12:58 PM

How do I go about getting a increased faucet?

There's no new invites to whitelist anymore due to botters on it, PD3 will increase faucet significantly though especially as users level up.

Would the referral link commissions go straight into our PD accounts? It'd be nice to have a little extra to gamble with other than the faucet.

Quote from: Nobitcoin on April 02, 2014, 12:24:08 PM

When's PD3 launched... Will it have random faucet?

There'll be different levels based on activity and bets wagered etc. I think the amounts haven’t been announced yet, but probably will be soon.

Very exciting news, it makes sense to get more from the faucet if you have been playing a lot on PD instead of getting the same 100/min than someone who has never played real money

Stunna

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Primedice.com, Stake.com

Quote from: hilariousandco on April 02, 2014, 12:25:58 PM

Would the referral link commissions go straight into our PD accounts? It'd be nice to have a little extra to gamble with other than the faucet.

Right now we have it setup to credit accounts in realtime. Depending on whether or not there is any abuse we might change this.

hilariousandco

global moderator

Activity: 3990

Merit: 2717

Join the world-leading crypto sportsbook NOW!

Quote from: Stunna on April 02, 2014, 12:21:31 PM

Quote from: Nobitcoin on April 02, 2014, 12:12:58 PM

How do I go about getting a increased faucet?

There's no new invites to whitelist anymore due to botters on it, PD3 will increase faucet significantly though especially as users level up.

Would the referral link commissions go straight into our PD accounts? It'd be nice to have a little extra to gamble with other than the faucet.

Quote from: Nobitcoin on April 02, 2014, 12:24:08 PM

When's PD3 launched... Will it have random faucet?

There'll be different levels based on activity and bets wagered etc. I think the amounts haven’t been announced yet, but probably will be soon.

Nobitcoin

legendary

Activity: 966

Merit: 1000

In holiday we trust

When's PD3 launched... Will it have random faucet?

Stunna

legendary

Activity: 3192

Merit: 1279

Primedice.com, Stake.com

Quote from: Nobitcoin on April 02, 2014, 12:12:58 PM

How do I go about getting a increased faucet?

There's no new invites to whitelist anymore due to botters on it, PD3 will increase faucet significantly though especially as users level up.

Nobitcoin

legendary

Activity: 966

Merit: 1000

In holiday we trust

How do I go about getting a increased faucet?

Stunna

legendary

Activity: 3192

Merit: 1279

Primedice.com, Stake.com

Quote from: snuffish on April 02, 2014, 07:55:29 AM

Quote from: bitwinwin on March 31, 2014, 11:51:22 PM

So what if I have a total balance a 1mil coins in primedice? I know there's a tiny chance to do it but will you be able to pay out within 15 minutes as well?

Our current max profit on win is 20 Bitcoins. If we lost all our Bitcoins, except 10, our max profit will change to 10 instead of 10. You can't win more than the amount of Bitcoin PD currently holds.

So if the max profit is 10 BTC and I win 10 BTC and another player win 5 BTC.. then your 5 BTC short right? Then the winnings is above PD's holdings.
How do you manage this scenario?

These bets would have to be placed within the exact same second or millisecond. Assuming this somehow happened I have significant private holdings and prior fiat investments that would cover this. Otherwise you'd just have to ask yourself if you'd want to purchase one of the most profitable bitcoin businesses for 5btc.

We are in a strong position as we can insure every single bitcoin deposit and balance with private funds. We also have not and have no plans to sell any btc so we can continue to support the same sized bet indefinitely. The odds of someone cleaning us given our max bet is extremely improbable and we have systems and collateral in place if this was ever to happen, more so than the any online casino that comes to mind.

MICRO

legendary

Activity: 2464

Merit: 1037

CEO @ Stake.com and Primedice.com

Quote from: snuffish on April 02, 2014, 07:55:29 AM

Quote from: bitwinwin on March 31, 2014, 11:51:22 PM

So what if I have a total balance a 1mil coins in primedice? I know there's a tiny chance to do it but will you be able to pay out within 15 minutes as well?

Our current max profit on win is 20 Bitcoins. If we lost all our Bitcoins, except 10, our max profit will change to 10 instead of 10. You can't win more than the amount of Bitcoin PD currently holds.

So if the max profit is 10 BTC and I win 10 BTC and another player win 5 BTC.. then your 5 BTC short right? Then the winnings is above PD's holdings.
How do you manage this scenario?

That just won't happen , pd have only on house edge about 3500 btc, with this max, that will be nearly impossible to win and i guess his bank is much bigger, so i don't see point in talking about that scenario that simply won't happen

snuffish

sr. member

Activity: 259

Merit: 250

Quote from: bitwinwin on March 31, 2014, 11:51:22 PM

So what if I have a total balance a 1mil coins in primedice? I know there's a tiny chance to do it but will you be able to pay out within 15 minutes as well?

Our current max profit on win is 20 Bitcoins. If we lost all our Bitcoins, except 10, our max profit will change to 10 instead of 10. You can't win more than the amount of Bitcoin PD currently holds.

So if the max profit is 10 BTC and I win 10 BTC and another player win 5 BTC.. then your 5 BTC short right? Then the winnings is above PD's holdings.
How do you manage this scenario?

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Acidyo on April 02, 2014, 03:00:20 AM

Quote from: deisik on April 02, 2014, 02:47:28 AM

Quote from: Acidyo on April 02, 2014, 02:44:20 AM

Quote from: deisik on April 02, 2014, 02:47:28 AM

We've increased our staff team to support 24 hour cashout support. Cashouts will very rarely take longer than 15 minutes to be processed!

Great news! I liked the deposits with 0 confirmations, I think getting fast withdrawals is very important for the players

Yeah, get lucky and run away... Grin

Not many are able to do that, once a gambler, always a gambler. Wink

Greed is above all... Grin

Yup, greed has no boundaries.

20 BTC, as Stunna said... Grin

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

Quote from: Acidyo on April 02, 2014, 02:44:20 AM

Quote from: Acidyo on April 02, 2014, 02:44:20 AM

We've increased our staff team to support 24 hour cashout support. Cashouts will very rarely take longer than 15 minutes to be processed!

Great news! I liked the deposits with 0 confirmations, I think getting fast withdrawals is very important for the players

Yeah, get lucky and run away... Grin

Not many are able to do that, once a gambler, always a gambler. Wink

Greed is above all... Grin

Yup, greed has no boundaries.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

We've increased our staff team to support 24 hour cashout support. Cashouts will very rarely take longer than 15 minutes to be processed!

Great news! I liked the deposits with 0 confirmations, I think getting fast withdrawals is very important for the players

Yeah, get lucky and run away... Grin

Not many are able to do that, once a gambler, always a gambler. Wink

Greed is above all... Grin

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

We've increased our staff team to support 24 hour cashout support. Cashouts will very rarely take longer than 15 minutes to be processed!

Great news! I liked the deposits with 0 confirmations, I think getting fast withdrawals is very important for the players

Yeah, get lucky and run away... Grin

Not many are able to do that, once a gambler, always a gambler. Wink

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services