🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 31.

Timetwister

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Quote from: ethan_nx on August 28, 2020, 10:58:05 AM

Our LTC bankroll took a serious hit last week but it's getting up again. It might take a while, but hey - investing is long-time, right?

Anyway, there a 3 things that should make investors' life a bit better:

1. The max bet profit is at 0.5% of each bankroll

As I announced earlier, I feel this is the right move that will make site profit more stable (so that investors can sleep better without worrying about their coins), yet still keep the amounts OK for players.

2. The commission on LTC investments is lowered from 50% to 35% till 31st December 2020

I'd be more than happy to lower the commission to zero, but the site still needs to pay referral bonuses and rakeback. At 35% more coins will go to the actual investors and hopefully help them recover after the recent losses.

3. Dilution fee concept is being abandoned

I've been waiting quite a while to give the dilution fee green light, but something did not feel right to me. I have finally decided to abandon this idea for a simple reason - I don't want to keep invested coins "locked-in" and penalize investors for any operations on their coins. IMO the dilution fee would do more harm than good.

Cheers,
Ethan

1. As long as this doesn't substantially affect how much is wagered, then it's fine.
2. This is very appreciated. I lost a lot during that run, it will still take some time to recover, but this will help.
3. I'm fine with this too as some users aren't "pure" investors but they also gamble sometimes, which is a behaviour that other investors benefit from. Related to this, you may consider granting points for investing as you did in the past, as this may also make some investors more willing to play.

ethan_nx

sr. member

Activity: 745

Merit: 471

Admin at YOLOdice.com - fast, fair, play/invest.

Our LTC bankroll took a serious hit last week but it's getting up again. It might take a while, but hey - investing is long-time, right?

Anyway, there a 3 things that should make investors' life a bit better:

1. The max bet profit is at 0.5% of each bankroll

As I announced earlier, I feel this is the right move that will make site profit more stable (so that investors can sleep better without worrying about their coins), yet still keep the amounts OK for players.

2. The commission on LTC investments is lowered from 50% to 35% till 31st December 2020

I'd be more than happy to lower the commission to zero, but the site still needs to pay referral bonuses and rakeback. At 35% more coins will go to the actual investors and hopefully help them recover after the recent losses.

3. Dilution fee concept is being abandoned

I've been waiting quite a while to give the dilution fee green light, but something did not feel right to me. I have finally decided to abandon this idea for a simple reason - I don't want to keep invested coins "locked-in" and penalize investors for any operations on their coins. IMO the dilution fee would do more harm than good.

Cheers,
Ethan

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Quote from: leea-1334 on August 28, 2020, 03:48:59 AM

-snip-
I can never really understand why people do all these catching rains and thing...

I can't also understand why Bezos is breaking records with his fortune while he refuses to add a penny to his workers during the pandemic. Some people are too greedy and love the money more than everything else in life I would say.
For the YD staff, they can't do anything since he is using multiple devices and IPs or vps or whatever tricks.. The only thing that allowed him to do so is the free high ranked accounts that he was able to collect, airdropped publicly in the chat or via pm, first begged first served... If this harmful thing was stopped earlier it might be better, just saying Roll Eyes

For the reference, before I ignore his ~10 accounts, I found him saying with one account "good night" and he answered himself with his alt just after a moment "gn bro" or something like this. This is pathetic and I cannot stop thinking about it lol when we talk about him! Of course this wasn't the only one I spotted but the most hilarious one Lips sealed

bitcoinisbest

hero member

Activity: 1218

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Quote from: ImTheBoss on August 25, 2020, 06:51:13 PM

Quote from: Kiritsugu on August 24, 2020, 04:36:11 PM

We don't usually post about chat rules in this forum, but we've had a number of issues/complaints rising lately about traded/sold/bought/given-away YD accounts, and as such I thought it would be important to mention this rule change here (it is also the chat topic now, for some time). I've met with Ethan about this and we discussed making a change, so here it is.

Previously, we prohibited trades/buying/selling on our site, but allowed people to buy/sell//trade/give away accounts, but this is no longer the case.

As of today, right now: Trading/Buying/Selling/Giving Away YOLOdice accounts is no longer allowed. Any accounts violating this from this point forward will be permanently muted, no exceptions. Trading/Buying/Selling anything else is still prohibited.

Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.

This is good and would be fair for the site, since everybody wanted to get that high level accounts from the same guy over and over again to abuse faucet and use rakebacks if ever. Plus some of it are on the weekly competition so its very lucky for those who would get those free accounts. That is why they're very eager to retrieve those and email the support, damn dumb greedy.

And also we have this guy from our country(PH) who uses multiple accounts from multiple devices and uses VPS just to catch all rains and tips and even with HAL. Just to find out that he is been here for "2 years already" from his main account.

This is very disappointing as it takes away the fun in Trivia's and maybe will be blocked soon from Site (N/A for PH). I hope that you may be able to detect somehow on this multiple accounts on different devices though its not really a thing to do.

The site would be able to find out the solution too, because have seem to be fair and it is correct everyone should get equal opportunity to get those trivia and rains and not just only 1 person get majority. The overall motive itself then loses its context if just using multiple accounts quite possible will continue chatting to each other. The decision for free account is also correct unless those who wanted to abuse it just had some thoughtful mind that quite possible that others would also continue mailing to team and as a result no one would be able to get it. Finally, it’s a loss for them as well and now they would just be regretting about their acts.

leea-1334

hero member

Activity: 2338

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Temporary forum vacation

Quote from: ImTheBoss on August 25, 2020, 06:51:13 PM

This is good and would be fair for the site, since everybody wanted to get that high level accounts from the same guy over and over again to abuse faucet and use rakebacks if ever. Plus some of it are on the weekly competition so its very lucky for those who would get those free accounts. That is why they're very eager to retrieve those and email the support, damn dumb greedy.

And also we have this guy from our country(PH) who uses multiple accounts from multiple devices and uses VPS just to catch all rains and tips and even with HAL. Just to find out that he is been here for "2 years already" from his main account.

This is very disappointing as it takes away the fun in Trivia's and maybe will be blocked soon from Site (N/A for PH). I hope that you may be able to detect somehow on this multiple accounts on different devices though its not really a thing to do.

It would seem like I missed out on all the account drama,,, I drop into the chat very rarely and so I do not happen to see this going on but I can never really understand why people do all these catching rains and thing. I also come from a similar country near PH so I understand that the rain can be seen as a fair amount of money, but we can actually work hard and earn the same if not more, while learning new skills and not spending all day on the computer!

Same as every site that one guy and his 10 accounts ruins it for everyone:\

ImTheBoss

newbie

Activity: 4

Merit: 6

Quote from: Kiritsugu on August 24, 2020, 04:36:11 PM

We don't usually post about chat rules in this forum, but we've had a number of issues/complaints rising lately about traded/sold/bought/given-away YD accounts, and as such I thought it would be important to mention this rule change here (it is also the chat topic now, for some time). I've met with Ethan about this and we discussed making a change, so here it is.

Previously, we prohibited trades/buying/selling on our site, but allowed people to buy/sell//trade/give away accounts, but this is no longer the case.

As of today, right now: Trading/Buying/Selling/Giving Away YOLOdice accounts is no longer allowed. Any accounts violating this from this point forward will be permanently muted, no exceptions. Trading/Buying/Selling anything else is still prohibited.

Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.

This is good and would be fair for the site, since everybody wanted to get that high level accounts from the same guy over and over again to abuse faucet and use rakebacks if ever. Plus some of it are on the weekly competition so its very lucky for those who would get those free accounts. That is why they're very eager to retrieve those and email the support, damn dumb greedy.

And also we have this guy from our country(PH) who uses multiple accounts from multiple devices and uses VPS just to catch all rains and tips and even with HAL. Just to find out that he is been here for "2 years already" from his main account.

This is very disappointing as it takes away the fun in Trivia's and maybe will be blocked soon from Site (N/A for PH). I hope that you may be able to detect somehow on this multiple accounts on different devices though its not really a thing to do.

Kiritsugu

legendary

Activity: 1570

Merit: 1041

Quote from: notYou263 on August 25, 2020, 03:59:16 PM

Quote from: Kiritsugu on August 24, 2020, 04:36:11 PM

Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.[/b][/center]

if so why are 2 of my accounts perm muted? I got them days before. i have the credentials.
and i wonder why only those 2 accs were perm muted. the low level accounts i got, distributed the same way, are ok, yea`?! Roll Eyes

They were muted because the credentials were posted publicly in chat, and I was there to witness it. As a group the mods decided (previous to this new rule, on the day that I muted those 2 accounts), that anyone that posted their account credentials publicly in chat to "give away" the account would be permed. If your low level accounts had their information posted publicly, and I had been there to witness it, I would have muted them as well.

I already told you the reason for this; 1) its a pain when we get PMs whining and complaining that they didn't get the accounts because they seem to think you used scripts or something to claim them (which, by the way, I stuck up for you, and told them you don't, because that doesn't seem like something you would do) and 2) its annoying for Ethan and myself when we get tickets from 6 different people trying to "recover" accounts that were never theirs.

I tried to explain this via PM to you but you seem pretty determined to somehow paint me as a bad guy.

snipie

legendary

Activity: 3178

Merit: 1140

#SWGT CERTIK Audited

Quote from: notYou263 on August 25, 2020, 03:59:16 PM

Quote from: Kiritsugu on August 24, 2020, 04:36:11 PM

Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.[/b][/center]

if so why are 2 of my accounts perm muted? I got them days before. i have the credentials.
and i wonder why only those 2 accs were perm muted. the low level accounts i got, distributed the same way, are ok, yea`?! Roll Eyes

ny ny, was planning to tip you to run 2 games but you weren't there Undecided

And I think because baby whiners won't try to "steal by recovering" low level accounts maybe? And for all fairness I suggest to perm mute them all (most of them belong to one guy anyway and the rest for 2-3 people), and ye I know it will not happens Tongue

notYou263

newbie

Activity: 7

Merit: 1

Quote from: Kiritsugu on August 24, 2020, 04:36:11 PM

Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.[/b][/center]

if so why are 2 of my accounts perm muted? I got them days before. i have the credentials.
and i wonder why only those 2 accs were perm muted. the low level accounts i got, distributed the same way, are ok, yea`?! Roll Eyes

Emitdama

sr. member

Activity: 1914

Merit: 328

Quote from: bsky on August 22, 2020, 06:17:24 AM

Indeed the commission taken by the site is a thing in cases like this, the site took 2500 LTC of commission this week.
There options like what's done by bustabit to keep a commission of 50% without affecting the investors durings huge loss. The commission is taken only when the site is at its ATH profit.

Also there is new investors because their expected value is much higher when there is a low bankroll (they can have a higher %) and when there is a player wagering a lot, its theorically the best moment to invest.

I also did it after losing a lot first i added another investment yesterday. So sometimes the new investors you see are in fact the old investors who added some additonal money.

Yeah, the fact that if you lost money you should not be paying anything more but when you earn money you should be paying even more could make the casino same amount of profit while also helping out the bottom as well. Let's say there are 2 people who put 10 dollars, one of them had their investment drop to 9 dollars, and you also took 1 dollar out of them, so now they are at 8, that is not really nice for them, but let's say another earned because gambler lost, his 10 dollars became 11, and you took 1, that means he didn't lose anything (and neither won but he could wait for 12 if he wants).

If you spread it bigger, you could take 2 out of the winner, and that way instead of 1 from loser and 1 from winner, casino could do 0 from loser and 2 from winner, same amount goes to casino, but losers are doing better.

Kiritsugu

legendary

Activity: 1570

Merit: 1041

We don't usually post about chat rules in this forum, but we've had a number of issues/complaints rising lately about traded/sold/bought/given-away YD accounts, and as such I thought it would be important to mention this rule change here (it is also the chat topic now, for some time). I've met with Ethan about this and we discussed making a change, so here it is.

Previously, we prohibited trades/buying/selling on our site, but allowed people to buy/sell//trade/give away accounts, but this is no longer the case.

As of today, right now: Trading/Buying/Selling/Giving Away YOLOdice accounts is no longer allowed. Any accounts violating this from this point forward will be permanently muted, no exceptions. Trading/Buying/Selling anything else is still prohibited.

Accounts that were traded/bought/sold/given away before this change are fine, but from this point forward it is strictly prohibited.

yayayo

legendary

Activity: 1806

Merit: 1024

Yeah was too surprised too about the whale almost sweeps the LTC bankroll but that's could happen there's always risk for investors. Luckily I spread my investment to different coins on yolodice so I hope I could earn some profit on the other coins.

ya.ya.yo!

ethan_nx

sr. member

Activity: 745

Merit: 471

Admin at YOLOdice.com - fast, fair, play/invest.

Quote from: bitcoinisbest on August 24, 2020, 07:49:44 AM

Quote from: leea-1334 on August 24, 2020, 04:57:13 AM

BTC investments took a jump over the weekend! Had a previous one in negative but it's over 4% in the black today, almost 5. That's over 10 % this month roughly.

Quote from: ethan_nx on August 24, 2020, 03:43:44 AM

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

Yup,,, one such person would be me. I almost always am guaranteed to close and play a bit before reinvesting (something psychological about seeing the red negative numbers!),,, knowing full well if I do that often enough, I might eventually lose it all;)

One of the players had lost a big amount of btc last week, due to which it seems that all the investors made good gain from it. But on other hand if they had also been an LTC investors so that made a huge loss as investment were 90 down like 90%. So for both the holders some respite as LTC was down but btc helped them to recover some of their losses.

BTC bankroll indeed gained almost 40 BTC recently - it's even more than ~5,000 LTC lost recently, but the LTC bankroll was much smaller and the percentage (ROI) impact on investments was much more painful :-(

bitcoinisbest

hero member

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Quote from: leea-1334 on August 24, 2020, 04:57:13 AM

BTC investments took a jump over the weekend! Had a previous one in negative but it's over 4% in the black today, almost 5. That's over 10 % this month roughly.

Quote from: ethan_nx on August 24, 2020, 03:43:44 AM

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

Yup,,, one such person would be me. I almost always am guaranteed to close and play a bit before reinvesting (something psychological about seeing the red negative numbers!),,, knowing full well if I do that often enough, I might eventually lose it all;)

One of the players had lost a big amount of btc last week, due to which it seems that all the investors made good gain from it. But on other hand if they had also been an LTC investors so that made a huge loss as investment were 90 down like 90%. So for both the holders some respite as LTC was down but btc helped them to recover some of their losses.

arallmuus

legendary

Activity: 2562

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Quote from: ethan_nx on August 24, 2020, 03:43:44 AM

This is not rare and in the past it boosted site performance quite a lot -

So in the end I am leaning towards the opinion that the dilution fee would penalize the investors who divest to play, while it would not provide enough profit for long-term investors to justify it.

On the other hand with dillution fee, you will be encouraging people to stay invested and lock their investment on the site which means that the site would be able to provide higher max profit because the bankroll probably wouldnt decrease ( On average )

Quote from: ethan_nx on August 24, 2020, 03:43:44 AM

yes, some of them lost.

While some could win big and reduce the bankroll then invest it back on the bankroll

Quote from: ethan_nx on August 24, 2020, 03:43:44 AM

This week Scott and me will discuss the commission model and if it can be improved, especially given the recent profit volatility and loses.

Some other site stop taking commission / reduce the commission that they took after the house lose alot. This could probably be an option for a while until the investor profits gets back to almost what it was

leea-1334

hero member

Activity: 2338

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Temporary forum vacation

BTC investments took a jump over the weekend! Had a previous one in negative but it's over 4% in the black today, almost 5. That's over 10 % this month roughly.

Quote from: ethan_nx on August 24, 2020, 03:43:44 AM

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

Yup,,, one such person would be me. I almost always am guaranteed to close and play a bit before reinvesting (something psychological about seeing the red negative numbers!),,, knowing full well if I do that often enough, I might eventually lose it all;)

Timetwister

legendary

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Quote from: ethan_nx on August 24, 2020, 03:43:44 AM

Quote from: kolloh on August 24, 2020, 01:42:28 AM

This is why dilution fees can be a good idea. Dilution fees would have at least spread some to the existing investors who got crushed and then had their shares reduced by the further investments.

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

So in the end I am leaning towards the opinion that the dilution fee would penalize the investors who divest to play, while it would not provide enough profit for long-term investors to justify it.

This week Scott and me will discuss the commission model and if it can be improved, especially given the recent profit volatility and loses.

Cheers,
Ethan

Well, if you change the system, don't do it in a way that reduces expected return to investors nor is unfavourable for those of us that lost a ton during that LTC massacre. I would say to just keep it as it is.

ethan_nx

sr. member

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Admin at YOLOdice.com - fast, fair, play/invest.

Quote from: FatFork on August 22, 2020, 03:39:56 AM

Ethan, you should edit this section of the site to reflect the new changes:

Done already!

Cheers,
Ethan

ethan_nx

sr. member

Activity: 745

Merit: 471

Admin at YOLOdice.com - fast, fair, play/invest.

Quote from: kolloh on August 24, 2020, 01:42:28 AM

This is why dilution fees can be a good idea. Dilution fees would have at least spread some to the existing investors who got crushed and then had their shares reduced by the further investments.

I've been looking at the dilution fees again - and honestly, the data from the last few months shows that profit from the dilution fee would be really minimal (even negligible), while on the other hand it might stop some investors from playing, which could hurt long-term investors even more. I've seen many investors closing their investments, playing a bit and re-opening again. This is not rare and in the past it boosted site performance quite a lot - yes, some of them lost.

So in the end I am leaning towards the opinion that the dilution fee would penalize the investors who divest to play, while it would not provide enough profit for long-term investors to justify it.

This week Scott and me will discuss the commission model and if it can be improved, especially given the recent profit volatility and loses.

Cheers,
Ethan

kolloh

legendary

Activity: 1736

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Quote from: ethan_nx on August 22, 2020, 03:30:05 AM

When we announced the lowering of max bet profit a few investors added almost 1,000 LTC (maybe deciding that it's a good moment to invest) and existing investments' share shrank.

From that moment site profit increased a bit, but here's the thing: investors that had certain share in loses when the bankroll was going down had smaller share in profits when the profit was going up. The same happened with my investments, they lost disproportionally to site profit changes.

This is why dilution fees can be a good idea. Dilution fees would have at least spread some to the existing investors who got crushed and then had their shares reduced by the further investments.

Topic: 🔶 YOLOdice.com 🔶 suspended on 16st Mar 2021 - page 31. (Read 143533 times)