Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 148. (Read 143533 times)

Ethan has been gone for 10 days or so on a trip so he may not see this, but as soon as he comes online I'll tell him to come answer your question since I don't know the answer either.

~Randall

Yes, YD will be adding LTC in the near future, and ETH sometime after that.  Ethan has confirmed the plans and has begun the work, but hasn't given out any specific time-frames because he doesn't want to over-promise and under-deliver, so to speak.  Makes more sense to give an ETA when he can give an accurate one.

Hello Ethan, unless I'm misunderstanding something, I think investors are not getting a pretty good deal when investing in Yolodice.
It says that profits are taxes 35% in both of the following cases:
- On Sunday evening (on any profit accrued)
- When the investment is closed.

So let's say my investment generates a profit of 0.5BTC for the week and leave the investment open. 0.175BTC will be taken as tax on Sunday evening leaving me with a remaining profit of 0.325BTC.
Now lets say next week some wagerers get lucky and my investment loses 0.5BTC. My investment is now in the red -0.175BTC. I don't get taxed. Fine.
The following week the investment ends up 0.5BTC in the green. My investment is now worth (-0.175 + 0.5 = 0.325BTC) 0.325 again, however now since I made 0.325, that get's taxed 35% leaving me with 0.21125.

So what actually happened was (week 1) +0.5BTC (week 2) 0 BTC (week 3) +0.5BTC
And my investment becomes (week 1) 0.325BTC (week 2) -0.175 BTC (week 3) 0.21125.
The owner takes 57% of the profits making it impossible for me to profit.

Ethan, you say taxes are only taken from amounts not already taxed, but what if the amount taxed is lost and then remade, do you tax it again?
Please clarify that above, I really don't know why you need to take tax off every week. It would make much more sense to me to take the tax off ONLY when the investment is closed..

Wait,what?! Yolo will add LTC?! Its true and confirmed?!
Thats more than great news! A very big leap indeed and i'm more than happy to see one of my favorite dice sites to applies LTC/Alt coin.
Except gambling with it we probably be able to invest with it,that means more ppl and more traffic for sure.
Waiting to hear news from Ethan about it,when he returns. It will be a great September...

In love with yolodice now as they have added two major upgrades in them and the first is rakeback of 30% house edge amount and getting xp points for just new levels and referring as well. Hope I keep playing and increasing my xp for playing more games. I have seen people earning more than a BTC in a day and I'm willing to such investment. Learning the new ways and yolodice is next destination to start gambling.

Litecoin to be added is a very big leap for YOLOdice. Soon we will be able to see possibility of more coins available to play with.

We don't know any specific date but ethan is working hard on litecoins and it will be added when he will test litecoins for any bugs in the test server and then he will add it on the main site. However, the date isn't that much far away for us.

cheers
moooonu

Ethan should be returning from his vacation this weekend, he might be able to answer

Litecoin addition is expected when? Anyone know?

So if you're a programmer, you might be interested in this news, otherwise you probably won't be too excited. I've written a library for Node.js bindings to the YOLOdice API allowing anybody that knows Node.js to easily use the site's API. Check it out here on npm (And the GitHub repo here)

Edit: It's actually not working at the moment, let me figure out what I did wrong here

I've been an investor with YOLODice for almost 6 months now and have been very satisfied. ethan (the owner of the site) is very responsive and keeps people updated with changes and news (ie BCH fork). Investments have also been very profitable in the past few months, and I've made a 22% ROI with 0.1BTC invested with leverage 10, as I prefer to keep coins offsite. They are also very transparent which is a huge plus when you keep your coins with them for a long time.

No problem.

Aha that's interesting! A good working bot will make my life easier

Working on a Node.js library for interacting with the YOLOdice API. Should make scripting much easier for anybody that can work with Node.js. I'll probably have time to do an early release this weekend.

1982dre thanks for the link! Next time I will search better myself

Just check this topic: https://bitcointalksearch.org/topic/investing-in-btc-casinos-1573091 There are a lot of user experience about investing on gambling sites, also on YOLOdice.

I was wondering what the results are for investors in Yolodice. Anyone willing to share experiences?

I don't think it would have any significant effect on privacy, since any online wallet can be quickly checked with some tools like wallet explorer.

Here's a hot wallet of YOLOdice for example: https://www.walletexplorer.com/wallet/000379e0185a9c23

Improving privacy on the side of a service would  require using unique address for every deposit or routing all transactions through mixer. But it will all be expensive and inconvenient for users, so it should be mainly their responsibility to protect their privacy.

I use the website on my phone very often. The site is heavily optimized for mobile devices and is just as good of an experience as you'd get with a first-party app. You should try it out.

congrats to the winners. I hope next time I will in these list