Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 11. (Read 143533 times)

Thanks for all the warm words! What you said, and reaction of people in the Chat almost made me change my mind :-)

But seriously, I am not saying "never", so maybe YD will have it's comeback. I just don't know yet.

THANK YOU! It's really hard to express how much I will miss YD, and how much I am happy for these 4 years - it was really fun. But as I hinted in the explanation, the real-world value of coins are kind of killing the fun. Not to mention the crazy transaction fees that kill the fun completely for smaller players.

No worries, I cannot stand doing just nothing, so I'll probably come back with something new. Maybe a distributed, consensus-based, verifiable game?

Thanks again, I'll stick around!
Cheers,
Ethan

It's sad having one of the most reputable gambling sad go away. But if it is for your betterment, everyone will understand. I really am planning to invest to Yolodice's bankroll recently and this news came. Anyways, goodluck we hope to see new projects for you, or come back if you're ready again.

I would like to point out that considering those values you listed as profit made for the owners is completely unrealistic.  There is a HUGE difference between revenue and profit.  ESPECIALLY when you say "in today's prices" when the site hasn't made any real profit in the last 6 months or so during this price surge, and a huge portion of that revenue was generated much earlier than this recent price spike.

I don't know the exact numbers, but I can tell you that a large portion of the owners' coins went back into the site and player's hands by means of faucet costs, referral costs, rakeback costs, site maintenance, and competitions and stuff on top of that.

You know investing in a site still carries risk, right?  The site can close like it did in this scenario, the site could be hacked, the owners could run off with everyone's coins, or even if the site continues to run, someone could win the entire bankroll.  Just because you're investing instead of gambling doesn't mean you will "win" every time.

never invest anything you are afraid to lose

if you cant afford to lose it then why would you risk it knowing that there is a chance it all disappears?

never invest anything you are afraid to lose

i really wish this wasnt true. i stuck in the site because i hoped that my investments would at least go back to what they were. instead, it is shutting down and i am minus on all 3 investments

-0.214 btc
-1.476 ltc
-98,889 doge

this is the worst investment i have ever made and now that it is disappearing it is just a loss

meanwhile the site has made for the owners

+430.917 btc
+6,946 ltc
+109,684,179 doge
+4,305 eth

so they have made tons of commission while a lot of us lost a lot of our investments. if we were still on the old method of profit sharing i think we would actually be ahead instead of so negative. our investments pretty much just went into the hands of the site owners

at todays prices the site has made the owners $41 million just since going to the new model if we include eth totals in there

Thanks for all the warm words! What you said, and reaction of people in the Chat almost made me change my mind :-)

But seriously, I am not saying "never", so maybe YD will have it's comeback. I just don't know yet.

THANK YOU! It's really hard to express how much I will miss YD, and how much I am happy for these 4 years - it was really fun. But as I hinted in the explanation, the real-world value of coins are kind of killing the fun. Not to mention the crazy transaction fees that kill the fun completely for smaller players.

No worries, I cannot stand doing just nothing, so I'll probably come back with something new. Maybe a distributed, consensus-based, verifiable game?

Thanks again, I'll stick around!
Cheers,
Ethan

Since you have decided to close this business, it is possible that you put your site on auction and sell it instead of completely closing it ?
This way the site will continue to run but under the new management. I know some investors may be willing to buy a running business.

Even if he sell the domain and casino, i will quit Yolodice as i will not trust the new people managing the same gambling casino. Since we would not know their reputation they can use the name of yolodice to scam people. I will not encourage this idea of selling this domain to any random person for money.

I doubt ethan_nx and Scott would carry out such thing. If ever that happens, I am certain that YOLOdice will not be as profitable and alive compared with previous management. It also entails a lot of financial risk.

If YOLOdice has been suspended, then there's no casino with 0% dilution fees on the investment features right now.

Since you have decided to close this business, it is possible that you put your site on auction and sell it instead of completely closing it ?
This way the site will continue to run but under the new management. I know some investors may be willing to buy a running business.

I can say this has been the greatest adventure we had so far in our professional life. We were lucky enough to be a part of growing cryptocurrency ecosystem from its early days, but YOLOdice was our first "real" project that put our professional experience in the cryptocurrency world.

I never thought YOLOdice.com will suspend the casino since there's a lot gamblers play and the LTC site profit already recover from big dump. I still waiting for the ETH investment can be opened as @ethan_nx say it's currently on the development. But well, whatever the decision we must respect it... Both @ethan_nx and Scott definitely already thought it seriously.

If YOLOdice has been suspended, then there's no casino with 0% dilution fees on the investment features right now.

I hope it's just a March Fools' Day

Thank you.

When you auction a casino that has people's investments on the bankroll you can't just sell it to anybody. You have to make sure the buyer can be trusted to not steal the bankroll since the whole thing becomes wide open to them.

I don't know the size of YOLOdice's bankroll but I doubt Ethan would sell the domain to some random stranger on the internet.

Since you have decided to close this business, it is possible that you put your site on auction and sell it instead of completely closing it ?
This way the site will continue to run but under the new management. I know some investors may be willing to buy a running business.

I hope it's just a March Fools' Day

We (Ethan and Scott) have been running YOLOdice for over 4 years now. Without much exageration I can say this has been the greatest adventure we had so far in our professional life. We were lucky enough to be a part of growing cryptocurrency ecosystem from its early days, but YOLOdice was our first "real" project that put our professional experience in the cryptocurrency world.

We've witnessed the Dice Era emerging with Satoshi Dice and entering its golden-age with the dawn of Just-Dice. And I am really glad that YOLOdice could be the part of the crypto-dice world!

For us though, dice games were much more fun when the cryptocurrency world was smaller, and the coins themselves were (sort of) detached from the real-world value. Bitcoin and other coins are much more than they used to be a few years ago. Crypto is goin mainstream in a big way. Cryptocurrencies are not for geeks any more, they became the cutting edge of the future financial world.

We still think dice sites have their place in the crypto-world, so if you want to start one — don't get discouraged. Maybe it's just us that keep complaining about the world changing :-)

Let's also be honest about one more thing — running a site like YOLOdice is no easy task. Server security, software development, managing equivalents of millions of dollars belonging to investors and players that trust you — we've been doing our best and we've put as much effort in running this site as we could. But this responsibility has started affecting our lives in the way we had not anticipated. It's been like riding a rollercoaster sometimes. We will be more than happy to take a break, take a deep breath and maybe then come back with something new. In other words, we really need some time off. Really.

Anyway, I think we have achieved something great here. By "we" I mean Scott, Ethan and you — all the players, investors, moderators and supporters. Thanks for your trust, for sticking with us. These were awesome four years, really.

We are not disappearing completely, so I guess we'll see each other again!

The roadmap is:

   - till 1 March 2021 — the site is fully operational,
   - 1 — 15 March 2021 — placing bets is not possible and we expect all balance-holders to withdraw their funds,
   - after 15 March 2021 — the site will be replaced with a static page and you'll be able to reach us only via [email protected]

 If you want keep your investments open as long as possible, they will still be an active part of the bankroll till 1st March. After 1st March you'll be able to close your investments and withdraw funds from YOLOdice.

If you want to close withdraw earlier, you can actually do it any time.

More info at https://yolodice.com/#faq

Since you have decided to close this business, it is possible that you put your site on auction and sell it instead of completely closing it ?
This way the site will continue to run but under the new management. I know some investors may be willing to buy a running business.

Thanks for all the warm words! What you said, and reaction of people in the Chat almost made me change my mind :-)

But seriously, I am not saying "never", so maybe YD will have it's comeback. I just don't know yet.

THANK YOU! It's really hard to express how much I will miss YD, and how much I am happy for these 4 years - it was really fun. But as I hinted in the explanation, the real-world value of coins are kind of killing the fun. Not to mention the crazy transaction fees that kill the fun completely for smaller players.

No worries, I cannot stand doing just nothing, so I'll probably come back with something new. Maybe a distributed, consensus-based, verifiable game?

Thanks again, I'll stick around!
Cheers,
Ethan