A also dislike that the changes were made immediately. I think users should have been given a heads up and time to decide if they wanna invest under the new terms or not.
Giving an advance notice is something I considered, but ultimately decided against because it would have made virtually no difference to existing investors. Had I announced the change a few months ago your only options would have been to remain invested or divest, the same options you have now.
If I understand the new terms correctly the fee is also over 50% unless you withdraw from the bankroll at an all time high.
The commission is only charged on net profits, i.e. whenever the bankroll earns "new" profits above its all-time high. In fact a commission on profits is favorable for investors in this regard: You only pay a commission on the actual profits you have earned, whereas with the commission on wagers it was possible to have paid commission on expected profits that you never ended up earning.
I do agree that devans should had made an announcement before the new change , maybe like a month ago or so
it really sucks for new investors who paid the 2% few days ago to see that they will start getting 50% of profit instead of 75%
I concede that someone who invested shortly before the change might not have wanted to had they known about the new commission structure in advance. If anyone is in that situation and they would like to divest (or already have) I would be happy to reimburse them for their net dilution fee (fees they paid minus fees they received).