Post
Topic
Board Gambling
Re: Hi, guys, I (NAKOWA) was beaten. Lost 5k BTC in two days (Still UP).
by
Peter R
on 27/09/2013, 18:06:03 UTC

I think most investors and doog will absolutely not agree with you on this.


I don't know exactly how much you lost since the change, let's call it 2000 BTC.  You deposit an additional 2000 BTC into any one of your alias accounts and we credit the same account with 2000 BTC.  You get 4000 BTC to begin gambling with.  But you can't withdraw anything until you gamble twice the volume of the voided sequence.  You are free to deposit more at any time, however.  

If the investors believe in the math, they would take this bet, since the expected profit is positive and we are in the business of accepting 1% biased risk up to 1/2 the Kelly Criterion.  

Quote

And, since other changes might be made, what's the point whether I win or lose?


How can we make other changes?  You may use any one of your alias accounts.  This part of the game is proveably fair.