Re: bustabit v2 – No commission on investors & dilution fee lowered to 1%
You have forced investors into getting margin called by misrepresenting the kelly criterion exposure, even though you say "bustadice[/bustabit] keeps track of your offsite investment and automatically adjusts your leverage to ensure that you are always exposed to the optimal amount of risk.". This is a lie.
I did not "force investors into getting margin called". In fact, I recently lowered the allowed leverage to 2:1 to help prevent that from happening. In any case, an investor worried about margin calls can simply opt not to use the offsite system at all. No investor is forced to use it. But it's a moot point because the quote is from bustadice, not bustabit.
You claimed that a single player could only bet 1% of the bankroll, when in fact, a player can bet over three accounts (ie: whatevs, whatevvs, whatevvs) and win up to 1.5% of the bankroll.
You've taken no steps to prevent this from happening. You have not warned investors that this has been actively taken place for a while and that their offsite investments are exposed to higher criterion levels that they agreed to based on yourwords lie!
You've taken no steps to prevent this from happening. You have not warned investors that this has been actively taken place for a while and that their offsite investments are exposed to higher criterion levels that they agreed to based on your
The FAQ is very clear on the risk per round being 1.5 % of the bankroll. See the section on the bankroll and the section on forced cash-outs. If your argument boils down to "I thought player meant human, not account" then it's a pretty weak one.
As I have explained in my previous post, it's not necessary to prevent it from happening. Again: The worst possible scenario of a single player controlling all bets in a round and targeting a single multiplier has a risk of 1.5x Kelly for investors. At this risk investors still have an expectation that their investment will grow, assuming they don't abuse the offsite system to overleverage.
You and RHavar keep lying and you've cost investors millions of dollars while you have profited over a million dollars yourself.
How can you possibly claim that I've "cost investors millions of dollars" when bustabit investors are up nearly $3 million at current Bitcoin prices?