Post
Topic
Board Gambling
Re: bustabit v2 – No commission on investors & dilution fee lowered to 1%
by
quickmaffs
on 04/03/2018, 22:21:57 UTC
Not sure what the argument is here? Investors who cannot or are not willing to make capital calls are essentially just gambling that variance will swing their way

My argument is that RHavar and devans lied and deceived investors about the kelly criterion that they were being exposed to.

This led to a much higher negative expected bankroll growth ratio than expected and the time-to-bust, as well as the time management window, were subject to different extremes than advertised.  

The playing level for investors was not at all the same as RHavar, despite him consistently claiming lying so.  Unless you had inside knowledge, communication, top of the pyramid dilution benefits, and access to own funds deposited like Rhavar, you were at a great disadvantage.  

Some investors were greatly hurt by all of this.

  • RHavar and devans tried to cover the whole thing up and never once admitted that it could be their fault
  • RHavar and devans refused to make changes before, claiming there was no rhyme or reason for doing so
  • RHavar and devans continued to solicit for a higher bankroll, leading to higher profits for them
  • RHavar and devans created a predatory system where investors were punished for leaving
  • They used different results at different times to try and back their claims, trying to state that it applied to the entire bustabit history
  • They negative tagged people that spoke out about them  
  • They resorted to insults instead of discussions
  • They used their friends and status to bully people
  • They misquoted and puts words in people's mouths in an attempt to change the narrative
  • They selectively answered parts of people's questions while ignoring others
  • They never took any replies serious and answered in the most sarcastic and condescending way, even though they are in charge of millions of dollars

The main problem is that RHavar and devans' egos are so inflated that they are willing to continue making crucial errors that negatively affect users for significant amounts of money rather than admit they made mistakes and seek a solution.  

It is this reason why both RHavar and devans should both be negative tagged themselves so that investors do not fall prey to their dishonest and shameful actions.