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Re: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments
b) The official representatives of the RaiBlocks network own more than 52% of total voting weight, allowing the developer to manipulate every vote on his will.
Source: https://dev.RaiBlocks.net/page/representatives.php
If anything, that seems positive to me. Why would you want to make a coin of which you have so many units worthless by attacking it?
Re: 🎲 DiceSites.com - List of dice sites w/ statistics, graphs & verifiers
~snip~
Betking do not have an investment option to earn interest on your deposits but they recently launched betking ico and their token are traded on the open market.
~snip~
Based on this link investors lost almost 60% of their BTC - https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-15-week-14-of-52
Interesting to see that both sites that held an ICO/created a token are down massively, compared to those sites that accept direct bankroll investments.Betking do not have an investment option to earn interest on your deposits but they recently launched betking ico and their token are traded on the open market.
~snip~
Based on this link investors lost almost 60% of their BTC - https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-15-week-14-of-52
In average IPO's are horrible investments, much worse than investing in index funds. I bet in the case of ICO is even worse.
If you ever hear about high risk high gain them you will never complain about this thing. Who can even predict how is the outcome for ICO/IPO? There is no one could manage that, only some of them that have some vision and some luck that can get some profit through this thing. So if you are not ready for losing money then do not invest on any ICO/IPO
I said in average. Of course you could potentially make a lot of money if you choose it well or are lucky, just like you can make a lot gambling in a casino. But in average IPOs have given lower returns than index funds.
Re: ★Crypto-Games.net ★ 10 coins ★ 7 games ★ Since 2014 ★ Largest crowdfunded casino
It looks like Dellwin435 is back!
https://i.snag.gy/uyWHmF.jpg
That's a very impressive prize pot for a 0.0001 per ticket lottery and still nearly a whole day for it to grow. Will the 1st prize make 1BTC?
https://i.snag.gy/uyWHmF.jpg
That's a very impressive prize pot for a 0.0001 per ticket lottery and still nearly a whole day for it to grow. Will the 1st prize make 1BTC?
It would be more if more than 10000 tickets could be bought
Re: ★Crypto-Games.net ★ 10 coins ★ 7 games ★ Since 2014 ★ Largest crowdfunded casino
Congratulations to s0lidus on winning that huge BTC lottery.
A suggestion: Add a "Your tickets in the last round" tab to the lottery page as many players don't know to check the ticket numbers before the draw. This will make it much easier to verify the fairness at randompicker.com after the draw happens and make life a little easier for the chat room moderators to deal the questions.
A suggestion: Add a "Your tickets in the last round" tab to the lottery page as many players don't know to check the ticket numbers before the draw. This will make it much easier to verify the fairness at randompicker.com after the draw happens and make life a little easier for the chat room moderators to deal the questions.
That would be nice. It sucks losing with 86% of the tickets...
Re: 🎲 DiceSites.com - List of dice sites w/ statistics, graphs & verifiers
Why isn't Freebitco.in in the list? Isn't the place reliable?
Last time I looked they had a relatively high house edge (but acceptable on faucet site IMO) and a provably fair mechanism that could be improved: https://bitcointalk.org/index.php?topic=877078.msg16023076#msg16023076
Overall I think freebitco.in is fun for free moneys and maybe trying to gamble that free moneys. But for real gamblers I would suggest other sites :x
I believe the same owner of freebitco.in owns KingDice now, so that is an option (or a site that I have listed
.) I actually followed KingDice for a while and kinda like the founder, but then he sold it hehe :p Obviously wetsuit has a long good (afaik) track record with freebitco.in, so nothing against him either 
If KingDice would be become more popular, I would certainly consider it to be added.I'm thinking about "investing" in Freebitco.in (getting the interest they pay), but I was worried when I didn't see it at your website.
You should be worried about any investment gambling site... Well maybe outside of betking they are the only ones i trust.
Why do you trust Betking in particular? There isn't even an investment option there, what's the point of leaving money there instead of in your own wallet?
I know the owner and they are following all the rules of provably fair gambling.
But generally casinos in my view should be privately funded like Primedice and Stake are.
care to elaborate why?
I always thought that publicly bankrolled casinos are more attractive since they offer
flexibility to a player-he can bet against the house or be the house itself
plus it adds extra transparency,since the bankroll is public and you can see how the casino is doing in terms of both profit and popularity (wagered)
Casinos like Just Dice, Crypto Games, Safe Dice, etc. are great because you can easily estimate your expected returns. The only thing hard to measure is the likelihood that the owner runs away with the money (a good filter is investing in the older ones, like Just Dice, https://bitcointalk.org/index.php?topic=2635712).
Re: 🎲 DiceSites.com - List of dice sites w/ statistics, graphs & verifiers
~snip~
Betking do not have an investment option to earn interest on your deposits but they recently launched betking ico and their token are traded on the open market.
~snip~
Based on this link investors lost almost 60% of their BTC - https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-15-week-14-of-52
Interesting to see that both sites that held an ICO/created a token are down massively, compared to those sites that accept direct bankroll investments.Betking do not have an investment option to earn interest on your deposits but they recently launched betking ico and their token are traded on the open market.
~snip~
Based on this link investors lost almost 60% of their BTC - https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-15-week-14-of-52
In average IPO's are horrible investments, much worse than investing in index funds. I bet in the case of ICO is even worse.
Re: 🎲 DiceSites.com - List of dice sites w/ statistics, graphs & verifiers
Why isn't Freebitco.in in the list? Isn't the place reliable?
Last time I looked they had a relatively high house edge (but acceptable on faucet site IMO) and a provably fair mechanism that could be improved: https://bitcointalk.org/index.php?topic=877078.msg16023076#msg16023076
Overall I think freebitco.in is fun for free moneys and maybe trying to gamble that free moneys. But for real gamblers I would suggest other sites :x
I believe the same owner of freebitco.in owns KingDice now, so that is an option (or a site that I have listed
.) I actually followed KingDice for a while and kinda like the founder, but then he sold it hehe :p Obviously wetsuit has a long good (afaik) track record with freebitco.in, so nothing against him either If KingDice would be become more popular, I would certainly consider it to be added.I'm thinking about "investing" in Freebitco.in (getting the interest they pay), but I was worried when I didn't see it at your website.
You should be worried about any investment gambling site... Well maybe outside of betking they are the only ones i trust.
Why do you trust Betking in particular? There isn't even an investment option there, what's the point of leaving money there instead of in your own wallet?
Betking do not have an investment option to earn interest on your deposits but they recently launched betking ico and their token are traded on the open market. So if you want to invest money on their site then you need to consider buying those tokens from open market keet it for long.
https://hitbtc.com/BKB-to-BTC - In terms of BTC profits so far all investors lost their money from the ico launch.
Based on this link investors lost almost 60% of their BTC - https://steemit.com/bitcoin/@btcmillionaire/bitcoin-casino-investments-15-week-14-of-52
How many of those tokens exist?
Betking EV is super low, 11.05 BTC in 4.75 years.
Edit: I see there are 100 million tokens: https://betking.io/ico/
So at 0.000006 BTC each the market cap is about 600 BTC. Assuming EV is just another 11.05 BTC in 4.75 (probably less if nothing changes, as BTC are more expensive now and people need less BTC to be the same amount of USD), the expected returns are extremely slow. So I bet those tokens will still drop a lot unless way more money starts being wagered regularly.
Re: ★Crypto-Games.net ★ 10 coins ★ 7 games ★ Since 2014 ★ Largest crowdfunded casino
Is it possible to win more than one prize in the lottery? Say someone has near 100% of the lottery tickets.
Yes, just read the last page. As you can see, S0lidus won the first and second prize
What prevents someone from buying a very large percentage of the tickets, like 95%, knowing that theres a positive EV thanks to the 1% the casino adds? I guess just the possibility that someone comes later and buys say 10 times as many tickets and steals her money (the EV wouldnt change, but it would make winning more unlikely). Or is there any maximum amount of tickets you can buy?
)So is it fine for you if someone buys 10000 tickets of every lottery you run?
Re: 🎲 DiceSites.com - List of dice sites w/ statistics, graphs & verifiers
Why isn't Freebitco.in in the list? Isn't the place reliable?
Last time I looked they had a relatively high house edge (but acceptable on faucet site IMO) and a provably fair mechanism that could be improved: https://bitcointalk.org/index.php?topic=877078.msg16023076#msg16023076
Overall I think freebitco.in is fun for free moneys and maybe trying to gamble that free moneys. But for real gamblers I would suggest other sites :x
I believe the same owner of freebitco.in owns KingDice now, so that is an option (or a site that I have listed
.) I actually followed KingDice for a while and kinda like the founder, but then he sold it hehe :p Obviously wetsuit has a long good (afaik) track record with freebitco.in, so nothing against him either If KingDice would be become more popular, I would certainly consider it to be added.I'm thinking about "investing" in Freebitco.in (getting the interest they pay), but I was worried when I didn't see it at your website.
You should be worried about any investment gambling site... Well maybe outside of betking they are the only ones i trust.
Why do you trust Betking in particular? There isn't even an investment option there, what's the point of leaving money there instead of in your own wallet?
Re: ★Crypto-Games.net ★ 10 coins ★ 7 games ★ Since 2014 ★ Largest crowdfunded casino
Saturday's Bitcoin lottery (round 224) draw results:
Congratulations winners
Catch the winning spirit!
| Place | Nickname | Owned Tickets | Winning Ticket | Chance of winning | Reward in Bitcoin |
| 1 | s0lidus | 171 | 378 | 29.483% | 0.04640 BTC |
| 2 | s0lidus | 171 | 398 | 29.483% | 0.00870 BTC |
| 3 | NakedHiker | 74 | 565 | 6.379% | 0.00348 BTC |
Congratulations winners
Catch the winning spirit!
Which would be the identifier at Randompicker website? It seems like it isn't the username.
the thing with JustDice is you need to know when is the good time to buy Clams , cause as I said before Clam was over 0.002 BTC like two months ago and now it's 0.00065
the current price is great to buy IMO ( anything between 0.0004-0.0007) , that's of course if you want to grow your BTC value
USD value is like always going up when it comes to crypto , so you should care about the BTC value
the current price is great to buy IMO ( anything between 0.0004-0.0007) , that's of course if you want to grow your BTC value
USD value is like always going up when it comes to crypto , so you should care about the BTC value
Yeah, now it should be a great moment to buy, as it's quite cheap compared to historical prices. But even if you "overpaid" a bit, it would soon be worth it because of the high expected returns from investing in the casino.
I never think that trading is much more risky than invest on casino. This is the first time I ever heard. What I know here is the opposite on what you said. Trading is much more safer than invest on gambling site because you can control your own money, meanwhile if you invest you just can hope that big whale coming and lose much to get your profit, if big whale is winning there is no way you could get any profit on it
trading is way riskier than investing in casinos , when you invest in a casino you are +EV for sure ( mathematically ) and it's passive so you don't need to learn or do anything
trading requires skills in order to be +EV , not all traders are profitable but mathematically all casino investors are making money
the thing with JustDice is you need to know when is the good time to buy Clams , cause as I said before Clam was over 0.002 BTC like two months ago and now it's 0.00065
the current price is great to buy IMO ( anything between 0.0004-0.0007) , that's of course if you want to grow your BTC value
USD value is like always going up when it comes to crypto , so you should care about the BTC value
Although CLAM price is related to BTC's, I personally think of this investment as something different and just think in USD. If BTC price stayed flat, I would still assume CLAM market cap to at least be constant, which would imply getting the very high annual returns that I estimated. If you are ultra bullish on BTC and don't care about diversifying (which is stupid even if so far it has worked great if you were able to hold all the time), then buying BTC directly would make more sense.
They say investing to gambling sites is much safer than doing trading. But if you really want to have control on what you will earn at the end of the day better do trading than investing to casinos.
I never think that trading is much more risky than invest on casino. This is the first time I ever heard. What I know here is the opposite on what you said. Trading is much more safer than invest on gambling site because you can control your own money, meanwhile if you invest you just can hope that big whale coming and lose much to get your profit, if big whale is winning there is no way you could get any profit on it
If you own a casino, like in this case, you want as many whales as possible and as often as possible. They may make you lose money in the short term, but in the long run they just give you 0.9% of what they bet. Without you doing anything. It's like owning an exchange, you just charge "players" for their trades. Actually most of Just Dice profits come from staking, and whales are unfortunately extremely rare, so variance is negligible.
Big time doubts, too high rate and no explanation what will they do with the money.
actually there is an explanation on the site if you checked it out. and someone even explained it above your comment
http://i.imgur.com/Cgugb23.jpg
now lets talk about whether it is a Ponzi scheme or if it is going to be the run away plan.
In which casino can you get "upwards of 30% per year" investing in BTC?
CLAM has gone from $0.82 to $8.85 in a year. Add to that what you would have made in CLAM by investing them on Just Dice. Obviously that 0.82 to 8.85 return isn't sustainable.
In my calculations I'm assuming that the market cap in USD stays stable, and that profits come from staking more than you "should" (thanks to most CLAM not being used to stake) and from gamblers's losses at the casino. If you also consider that the market cap is going to increase, then investing in Just Dice is even better.
In my calculations I'm assuming that the market cap in USD stays stable, and that profits come from staking more than you "should" (thanks to most CLAM not being used to stake) and from gamblers's losses at the casino. If you also consider that the market cap is going to increase, then investing in Just Dice is even better.
The exchange rates have risen just because of the hoarding by Just-Dice. When they face a financial emergency and decides to dump the coins, the prices will crash by 90% or more. I have checked the price patterns of CLAM. And it looks like a currency for which the prices have been artificially inflated, by keeping only a limited portion in free-float.
And why would Just Dice investors decide to suddenly sell most of their coins? It makes no sense, especially while expected returns stay as high as I calculated (historical ones have been way higher actually).
The high mining fees has discouraged many gamblers and investors from investing into casino and other bitcoin investment opportunities. I am advised platforms builders to start open there business to other coins in other to not allow crypto currencies investment closing as many gaming websites has stop accepting bitcoin.
In that sense, for gamblers (especially low rollers) using CLAM is much better than BTC. CLAM fees are basically 0, as block are nearly empty. However they may have to transfer first BTC to Poloniex, so in that case they don't save anything in fees.
Re: DiceSites.com - List of dice sites w/ statistics, graphs & verifiers
Why isn't Freebitco.in in the list? Isn't the place reliable?
Last time I looked they had a relatively high house edge (but acceptable on faucet site IMO) and a provably fair mechanism that could be improved: https://bitcointalk.org/index.php?topic=877078.msg16023076#msg16023076
Overall I think freebitco.in is fun for free moneys and maybe trying to gamble that free moneys. But for real gamblers I would suggest other sites :x
I believe the same owner of freebitco.in owns KingDice now, so that is an option (or a site that I have listed
.) I actually followed KingDice for a while and kinda like the founder, but then he sold it hehe :p Obviously wetsuit has a long good (afaik) track record with freebitco.in, so nothing against him either If KingDice would be become more popular, I would certainly consider it to be added.I'm thinking about "investing" in Freebitco.in (getting the interest they pay), but I was worried when I didn't see it at your website.
They say investing to gambling sites is much safer than doing trading. But if you really want to have control on what you will earn at the end of the day better do trading than investing to casinos.
"Trading" is a zero-sum game (atually worse because of fees), so it's very unlikely you have a system that makes you more than about the 50% annual returns that I estimate investing in Just Dice gives you.
Casino returns are quite stable and predictable. Especially in the case of Just Dice, because most of the profits (nearly 90%) come from staking, and the amount of staked coins is about the same every day (https://just-dice.com/misc/wagered.txt).
I think if you invest in some good coins then you may easily make that 50% profit from these altcoin investments in a year. Look at people whoever bought most of the top altcoins today one year ago then they all made more than 50% but can't tell you how it will be in next year.
Casino bankroll investments are good in the long term but there is no guaranty that you will make 50% profit in a year time. I suggest you can do both some invest in casino bankroll and some invest in good altcoins and bitcoins.
Actually investing in CLAM would had been extremely profitable (https://coinmarketcap.com/currencies/clams/). Add to that staking and investing profits from being part of Just Dice bankroll and it gets even better. But I don't care about past but future returns, it's not reasonable to expect 50% annual returns from buying any crypto currency and holding it. It may happen but it's not sustainable.
Why do you think only CLAM can be extremely profitable and other altcoins are not that profitable?
Not only CLAM there are many coins has given superb profits in last few months. Just look at these coins like IOTA, VERGE, BURST, NEO and many other coins. I have made more than 50% profit from altcoin investments in last one year.
CLAM has gone from $1.67 million market cap to $23.12M in a year. Add to that what you would had made in CLAM by investing them on Just Dice. Obviously that 0.82 to 8.85 return isn't sustainable.
In my calculations I'm assuming that the market cap in USD stays stable, and that profits come from staking more than you "should" (thanks to most CLAM not being used to stake) and from gamblers's losses at the casino. If you also consider that the market cap is going to increase, then investing in Just Dice is even better.
IMHO investing in casino is much more profitable for long term goal than investing in cryptocurrency trading. A sure 1% house edge daily profit makes you a 30% monthly profit and that is more gain than any altcoins cryptocurrency trading.For a sure win better invest them both.
It's not 1% daily, that kind of returns just don't exist. It's 1% of the wagered amount. Actually 0.9% because the casino charges a 10% fee.
In this case, casino profits are relatively low, what really boosts returns is that more than twice as many coins that should be staked are staked, an inflation rate is still quite high (the higher, the better, when you are staking more than you "should").