Post
Topic
Board Scam Accusations
Re: DADICE : exposing investors to more risk than their kelly, misleading informatio
by
dadice_dev
on 09/07/2015, 16:23:58 UTC
We didn't attack leen in anyway, we just expose her lies and the fact that she was totally aware of effective MAX. PAYOUT on site for months. Decision to provide 20 BTC max. payout is totally a commercial one. There cannot be a better answer for such of a hypothetical question, "We will pay as much as we can!" ... "also thing to note is that we over 500+ btc of our own in bankroll". The phrase never means in any way that we will NOT pay people. We have paid leen, we will continue to pay everyone! If some one wins 100x 20 BTC, we will either have to arrange more or declare bankruptcy in given circumstances? Could there be a more reasonable answer to this?

Anyway, both of the issues were discussed in past, leen was totally aware of the MAX. PAYOUT on da dice so the entire accusation is null and void.

Jesus man, do your research. That isn't how most of them work. When you're dealing with investor funds and claiming to use the Kelly criterion, you should use the Kelly criterion and not just have a flat rate maximum payout of 20 BTC as it is also written in FAQ.

At Just-Dice, we guarantee that all winning bets will be paid out. There is no chance that any player can win more than the bankroll. That is because the maximum profit per bet is a fraction of the bankroll. How can you be operating in this space and yet fail to have even a basic understanding of how it works?

Personally I agree that it should be based on bank roll but as I have suggested before this is a commercial decision not technical. And we do not need advices when it comes to commercial decisions, including but not limited to how we pay for signature campaigns, other events and everything. We may change this in future, right now, how are we going to pay is none of your concerns.

With everytime you say investors, I take it as you meant to write "private investors" and I don't see any one else except leen complaining here because all of them are aware of 20 BTC max. payout and still have their investments with us. And as @dadice has perviously and very generously offered any of our private investor who wants to quit will be divested to the point prior to that particular roll except leen (for her not acting in good faith).

Thank you for your kind interest!