Post
Topic
Board Gambling
Re: bustabit.com -- The Social Gambling Game
by
RHavar
on 04/03/2017, 00:31:11 UTC
You'll be paying a dilution fee of "10%" why is it so high ryan ?  Is this used for the Faucet ? 10% Huh

It's actually a little lower than 10% (but 10% is the theoretical max), I made an issue for showing it properly.

But anyway, this is a one-time fee and actually doesn't go to me .. but goes to existing investors (based on their stake). The way it works precisely is that if you invest 1 BTC, you get a stake as if you had invested 0.9 BTC and everyone gets diluted as if you had invested 0.9 BTC. Then the bankroll is increased by 1 BTC.

This means the dilution fee is actually 0-10%. Ideally I would have made it a flat 5% or so, however a flat fee would be abusable (you could fragment your investment to get some of your money back).

Ostensibly the high level purpose of the dilution fee is to to compensate previous investors for the fact they are now being diluted. But the hope is that there are some other benefits, like less fickle investors (i.e. investors that divest when they see a whale playing, as that's when I need investors the most) and some marketing benefits.



BTW I'm still trying to figure out what a good dilution fee is, I'm thinking of anywhere from 5% to 25%. Any thoughts?

--

P.S. It's not spelled out, but the only fee that actually goes to me is a 10% profit cut from investors. So I think it's quite reasonable in that side