[SHUTTING DOWN] [DiceBitco.in | BE THE BANK ! | 1% House Edge] - page 60.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: sherbyspark on September 05, 2014, 11:39:07 AM

I was just looking at my deposit address on the blockchain, and noticed that the amount was transferred to the address of https://btcgains.com/ central address. How is that site related to dicebitco?

The funds from your deposit address are most likely used as withdrawal for someone else, at least thats how its usually done.
Coldstorrage has ~BANKROLL-50 BTC
https://blockchain.info/address/19tQNCrmaW6EADfJrtBaRixRkPyVrvb6yk

zdaz14

newbie

Activity: 42

Merit: 0

Quote from: dooglus on September 05, 2014, 11:10:31 AM

Quote from: 21pilot on September 05, 2014, 08:42:18 AM

but at current size of bankroll it´s just impossible to gain enough to make this worthwhile.
therefore all the profit goes to the same 20-30 people wo have invested 50+ BTC or more.

i mean in order to have only 1/100 of the bankroll you already have to invest 72 Bitcoin.

I don't see any way around your problem.

If they put a hard cap on the total bankroll, say 10k BTC, then people will start trading accounts. And guess who will end up with the accounts when their price gets bid up? It will be those same 20-30 people with the most coins.

You're always going to end up with the people who want it most being invested, whether you limit the bankroll size or not.

When you don't limit it, people get diluted to the point that it's not worth staying in for the people who aren't really dedicated to it, and if you do limit it then the price of getting in goes up to the point that it's not worth getting in for the people who aren't really dedicated to it.

The only difference is that when accounts are traded, the site owners don't to make any coins, whereas when it isn't they get to profit more by the increased publicity and volume that a bigger bankroll can attract.

I don't see it as a problem either. The people who invest the most are taking the most risk and should be able to recoup their risk with a good sized payout. I only have .1 invested (all ive made from mining/trading lol) but my payout from one night was really good for the amount.

sherbyspark

hero member

Activity: 910

Merit: 1000

I was just looking at my deposit address on the blockchain, and noticed that the amount was transferred to the address of https://btcgains.com/ central address. How is that site related to dicebitco?

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: KingOfSports on September 05, 2014, 11:25:46 AM

Worried here this is going to one day be like everydice. Does anyone know the admin's identity or know their rep is as significant as Dooglus's was when he created Just-Dice?

EveryDice refunded everyone in full I believe.

Why would you worry about that?

KingOfSports

hero member

Activity: 602

Merit: 500

Acc bought - used solely for signature testing

Quote from: dooglus on September 05, 2014, 11:10:31 AM

Quote from: 21pilot on September 05, 2014, 08:42:18 AM

but at current size of bankroll it´s just impossible to gain enough to make this worthwhile.
therefore all the profit goes to the same 20-30 people wo have invested 50+ BTC or more.

i mean in order to have only 1/100 of the bankroll you already have to invest 72 Bitcoin.

I don't see any way around your problem.

If they put a hard cap on the total bankroll, say 10k BTC, then people will start trading accounts. And guess who will end up with the accounts when their price gets bid up? It will be those same 20-30 people with the most coins.

You're always going to end up with the people who want it most being invested, whether you limit the bankroll size or not.

When you don't limit it, people get diluted to the point that it's not worth staying in for the people who aren't really dedicated to it, and if you do limit it then the price of getting in goes up to the point that it's not worth getting in for the people who aren't really dedicated to it.

The only difference is that when accounts are traded, the site owners don't to make any coins, whereas when it isn't they get to profit more by the increased publicity and volume that a bigger bankroll can attract.

Worried here this is going to one day be like everydice. Does anyone know the admin's identity or know their rep is as significant as Dooglus's was when he created Just-Dice?

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: 21pilot on September 05, 2014, 08:42:18 AM

but at current size of bankroll it´s just impossible to gain enough to make this worthwhile.
therefore all the profit goes to the same 20-30 people wo have invested 50+ BTC or more.

i mean in order to have only 1/100 of the bankroll you already have to invest 72 Bitcoin.

I don't see any way around your problem.

If they put a hard cap on the total bankroll, say 10k BTC, then people will start trading accounts. And guess who will end up with the accounts when their price gets bid up? It will be those same 20-30 people with the most coins.

You're always going to end up with the people who want it most being invested, whether you limit the bankroll size or not.

When you don't limit it, people get diluted to the point that it's not worth staying in for the people who aren't really dedicated to it, and if you do limit it then the price of getting in goes up to the point that it's not worth getting in for the people who aren't really dedicated to it.

The only difference is that when accounts are traded, the site owners don't to make any coins, whereas when it isn't they get to profit more by the increased publicity and volume that a bigger bankroll can attract.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: 21pilot on September 05, 2014, 08:42:18 AM

Quote from: DiceBitcoin on September 05, 2014, 07:40:35 AM

Quote from: Jungian on September 05, 2014, 07:35:32 AM

Quote from: 21pilot on September 05, 2014, 07:05:15 AM

what about capping investment amount?

max.bet is rarely used anyways and it´s sad to see my share in the bankroll getting diluted
more and more every day Sad

(i know that is not gonna happen, but I needed some place to whine about
my low percentage of the site bankroll) Grin

Bad idea and also impossible. Would just force users to have alt-accounts

I think he means to limit it as for example, BR cannot exceed 10k BTC (for instance).

It will not happen. More the better

You never know how every whale wants to play anyways!

yeah i meant this Wink

but at current size of bankroll it´s just impossible to gain enough to make this worthwhile.
therefore all the profit goes to the same 20-30 people wo have invested 50+ BTC or more.

i mean in order to have only 1/100 of the bankroll you already have to invest 72 Bitcoin.

but I know that this is not gonna happen, just needed a place for my rant Grin

JD had a ~50k bankroll and I still made a fairly decent return in the ~6 months. It's not the size of the bankroll that matters, but the ratio of wagered vs bankroll. In JD it was 100:1 IIRC. In DB it's only 4:1 so far and rising, so I think we are going in the right direction. Also keep in mind that larger % of bankroll can go against you as well. I have investments in some smaller bankrolls and have been down as much as 10%.

21pilot

sr. member

Activity: 252

Merit: 250

Quote from: DiceBitcoin on September 05, 2014, 07:40:35 AM

Quote from: Jungian on September 05, 2014, 07:35:32 AM

Quote from: 21pilot on September 05, 2014, 07:05:15 AM

what about capping investment amount?

max.bet is rarely used anyways and it´s sad to see my share in the bankroll getting diluted
more and more every day Sad

(i know that is not gonna happen, but I needed some place to whine about
my low percentage of the site bankroll) Grin

Bad idea and also impossible. Would just force users to have alt-accounts

I think he means to limit it as for example, BR cannot exceed 10k BTC (for instance).

It will not happen. More the better

You never know how every whale wants to play anyways!

yeah i meant this Wink

but at current size of bankroll it´s just impossible to gain enough to make this worthwhile.
therefore all the profit goes to the same 20-30 people wo have invested 50+ BTC or more.

i mean in order to have only 1/100 of the bankroll you already have to invest 72 Bitcoin.

but I know that this is not gonna happen, just needed a place for my rant Grin

DiceBitcoin

member

Activity: 84

Merit: 10

Quote from: Jungian on September 05, 2014, 07:35:32 AM

Quote from: 21pilot on September 05, 2014, 07:05:15 AM

what about capping investment amount?

max.bet is rarely used anyways and it´s sad to see my share in the bankroll getting diluted
more and more every day Sad

(i know that is not gonna happen, but I needed some place to whine about
my low percentage of the site bankroll) Grin

Bad idea and also impossible. Would just force users to have alt-accounts

I think he means to limit it as for example, BR cannot exceed 10k BTC (for instance).

It will not happen. More the better

You never know how every whale wants to play anyways!

Jungian

legendary

Activity: 930

Merit: 1010

Quote from: 21pilot on September 05, 2014, 07:05:15 AM

what about capping investment amount?

max.bet is rarely used anyways and it´s sad to see my share in the bankroll getting diluted
more and more every day Sad

(i know that is not gonna happen, but I needed some place to whine about
my low percentage of the site bankroll) Grin

Bad idea and also impossible. Would just force users to have alt-accounts

21pilot

sr. member

Activity: 252

Merit: 250

what about capping investment amount?

max.bet is rarely used anyways and it´s sad to see my share in the bankroll getting diluted
more and more every day Sad

(i know that is not gonna happen, but I needed some place to whine about
my low percentage of the site bankroll) Grin

twister

hero member

Activity: 672

Merit: 502

Lost my 0.01 Embarrassed

omahapoker

hero member

Activity: 868

Merit: 1000

profit up to 155.5BTC that is alot in last 36 hours. congrats

Sickler

full member

Activity: 196

Merit: 100

Quote from: ?? on ??

Quote from: DiceBitcoin on September 05, 2014, 05:00:09 AM

Server configuration updates require restart of some services. Expected downtime 1min.

Got scared for a sec

Much faster restart than PD.

kulme

full member

Activity: 156

Merit: 100

Invest 5 BTC. oh yeeaah

DiceBitcoin

member

Activity: 84

Merit: 10

Server configuration updates require restart of some services. Expected downtime 1min.

Sickler

full member

Activity: 196

Merit: 100

Damn sucks to see jebby losing again. Was it the first roll?

Also, meh sucks to see doog lose too. Would be different if he was down lmao

Nice to see that 1100x payout hit on 2.X BTC!

DiceBitcoin

member

Activity: 84

Merit: 10

Quote from: MilkyLep on September 04, 2014, 11:21:03 PM

But you guys have a faucet right?! So I don't have to deposit? How much does the faucet give? How do I get on the rainbot list? When's the next happy hour? I need to bet with 100 Satoshis instead of 10!!!

Grin

i loled

MilkyLep

hero member

Activity: 583

Merit: 500

Bitcoin for all & all for Bitcoin

Quote from: DiceBitcoin on September 04, 2014, 11:18:06 PM

Quote from: keithers on September 04, 2014, 11:14:14 PM

Is there always a 3 second delay every time you roll on dicebitco and diceliteco, or is there a way to remove the delay? I like to roll fast sometimes and just click click click....

there is a 3second delay ONLY when you bet 0 amount

Any other amount would make it from fast to almost instant

But you guys have a faucet right?! So I don't have to deposit? How much does the faucet give? How do I get on the rainbot list? When's the next happy hour? I need to bet with 100 Satoshis instead of 10!!!

Grin

DiceBitcoin

member

Activity: 84

Merit: 10

Quote from: keithers on September 04, 2014, 11:14:14 PM

Is there always a 3 second delay every time you roll on dicebitco and diceliteco, or is there a way to remove the delay? I like to roll fast sometimes and just click click click....

there is a 3second delay ONLY when you bet 0 amount

Any other amount would make it from fast to almost instant

Topic: [SHUTTING DOWN] [DiceBitco.in | BE THE BANK ! | 1% House Edge] - page 60. (Read 102257 times)