⭐ Merited by Juggy777 (1)
So 40% was supposed to stay on the site for the bankroll at a minimum right? That would mean 1292 btc or so should still be held by the team as far as the bankroll goes, minus losses or plus wins by the casino.
That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.
That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?
@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.
I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.
If someone with a better understanding of this ICO could comment here that would be great.
That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.
That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?
@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.
I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.
If someone with a better understanding of this ICO could comment here that would be great.
I would expect you of all people to be more careful. You took that 1292 BTC amount from Joksim's earlier reply where it represented the USD price of bitcoin at the time of the ICO I believe...
This was the balance sheet as shown on Q2 2019 quarterly report: https://medium.com/@BitDice/bitdice-casino-quarterly-report-q2-2019-part-1-ecc9567b43f6?source=---------5------------------
I believe it's a decent representation of the current balance sheet. I believe what was not sold for fiat after the ICO has been held firmly in crypto and thus not realized any profits or losses from crypto sales.
Now, you also said Alex closed the threads... he did not. As you would know if you had read my previous reply. That matter is completely unrelated to this entire fiasco.
We had an old rule in our signature campaign thread about posting on bitdice ann but that isn't enforced anymore. I believe someone reported the signature campaign post and now due to that, the threads are locked.
EDIT: So in effect, nothing is lost as everyone keeps thinking. Investors have not magically lost everything considering the buyback and also work being put into releasing the new website and all other plans. Thus, the investors are still eligible for the dividends just as before. Although Joksim claims the value of dividends is zero, you can't just go ahead claiming the casino has completely screwed the investors over just because the casino hasn't delivered the promises yet (but is working on them). Also accounting for the fact that anyone can also sell the tokens as was said in the reply I posted before.
EDIT2:
TL;DR
1292 BTC is a wrong figure taken out of the wrong number
(Yahoo mentioned the 1292 BTC figure)
BitDice or Alex did NOT close the BitDice OP thread