Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
wolverine.ks
on 05/07/2013, 21:57:42 UTC
I was just thinking at breakfast this morning that the commission rate seemed really low in order to maintain the economic incentive to not run away with all the coins, then i saw the update to the contract. still seems low to me.

is the decision as follows?....   

earn 5% on the house profits, currently (.05*627 BTC) ---> 31.35 BTC / 15 Days = 2.09 BTC per day

-or-

take all 19,301 BTC and run

the lump sum would be 9234 days worth if profit averages remain steady, or 25 years, and thats not counting interest....

it seems to me that investors might feel more comfortable raising the commission even higher, so that the lump sum is not so much more attractive than continuing the business.

however, the low rates may be just to attract early investors. additionally there may be a 'reputation cost' when running away with the coins what might swings the figures.

thoughts?