Re: EveryDice.com | 0.99% Edge - Instant Cashout - Invest - Referral - Mobile

ed, how is the progress, can i get my coins soon?

I offer to buy your account for 4 BTC if you're interested.

And reduce a massive payout to a sum that is, relatively speaking, peanuts? Seems a bit suspicious to me.

Nope, I sustained extreme losses from this site. I just want to do a lil' arbitrage, get the rights to his account, only ask for my losses+ whatever I give him. And then I'm out of here.

The rest can go to healing investors. If ED and 1Dice do a deal on their own, it would be like ED couldn't pay out 1Dice and no one will gamble; then site withers away. ED is saying the rolls seem a little suspect with the possibility of a seed leak. After all, he's twice as lucky as Nakowa who was already a freak of nature. So, taking a bit of a financial(non fatal) hit would be a lot better than forcing ED to run away with everyone's coins. I'd use escrow for this deal.

If this deal actually goes through, ED can change its commision structure, reduce the max profit to 0.5%, and everyone's happy.
The most serious investors would probably pull out after this scandal.. but it may heal as time goes by.

tl;dr: I really don't give a shit, I just want my coins back.

P.S. I got the idea from Mt.Gox BTC <---> Real BTC exchanges.

And don't you feel that it will end up being the same outcome as the Gox situation? Well I suppose you do having valued those BTC as only 4 real BTC haha.

Before agreeing to pay for it, I'd get an escrow, like I said. Have Edward agree to my deal, then he sends 15+4 BTC, to a neutral escrow, I send 4 BTC to 1Dice, and escrow sends it to me. Bingo.

So wait a second, that means that 1Dice gets 4 BTC instead of his due amount, you get the 15 bitcoins that you wanted, and Edward gets to write off a massive payout?

Seems like 1Dice would be getting screwed, you would be at evens and Edward would be dodging a bullet Matrix style.

Why doesn't Edward just send 4 BTC to 1Dice? Or even still why doesn't he send 19 BTC to him. I don't understand why you would need to be in the equation.

Perhaps I've misread something, but it doesn't appear to make sense.

Because the whole thing was my idea. The way things are headed, ED will shut down with everyone's coins included. If ED does pay off 1Dice a smaller amount than owed directly, it would imply that ED can't really pay off his debts ala coinbet.cc. At least with my deal, ED can save face and say "ooh, we're legit, herpy derp". My take on this is ED didn't mean to scam. The 1% kelly created an unexpected variance that nearly destroyed the bankroll. IF he takes my deal, ED can fix things by reducing the max profit to 0.5% kelly and reworking the commission system and this shit wont happen again.

While I'm sure that you have good intentions, and of course wish to use this opportunity to get even, I still think that you are an unnecessary agent within such a deal.

I mean the deal would be more likely to happen if Edward just dished out the 19 BTC to 1Dice, or if they come to some arrangement in which payment was send over time. Though that would mess around with the books a bit.

Damage is being done to the reputation of the site, users will be losing faith. The site looks good though. Perhaps it should be sold and rebranded.