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Showing 20 of 244 results by Lanzador
Post
Topic
Board Gambling discussion
Re: Can gambling be considered a "high risk investment"?
by
Lanzador
on 14/12/2016, 22:09:59 UTC
The purpose of gambling is to have fun. I am not considreing it an investment. Investment actually can make you a profit and thats definitely not gambling. Gambling is a risky game that may actually change your life forever. I have seen a lot of people who are actually addicted to gambling and lose all their money. Gambling is made to entertain ourselves. Investment is for serious matter and gambling is not.

Purpose of gambling is to have fun? That is the shit reason I have heard many time here in this section. There are other ways to make a person happy without risking their money.

Gambling is made to "make money on a short way". The purpose of it is to acquired money even for a small amount. Because of that reason it's forming up an "entertainment" that's making the people happy. Like you said you already seen a lot of people lose all of their money by gambling and then you are stating that gambling is made to entertain ourselves and to have fun? Where is the entertainment part after people lose money?

No....I agree with Dmitry. The point is to have fun. That's why they call them "games"...many people don't care all that much if they win or lose, because they're playing with money that they're OK with losing
Post
Topic
Board Project Development
Re: Haasonline Simple Trade Bot For BTCe and Bitstamp[Main topic]
by
Lanzador
on 14/12/2016, 16:32:32 UTC
Sorry, but that doesn't really make sense to me - if you take away my method of making money, how does that change anything?

It changes a lot because if you disclose your ways then others will copy it. The more people who copy and use it, the less profitable it becomes.

For example, i can post a working strategy over here and it will be working very well. But by tomorrow other have read it too and have set it up as well, after all we all want to make profits. As a result i can predict that the strategy will not be good anymore, too many people just want to trade at the same time.

I know not everything is listed on our website at this moment, but if you read the forum and wiki carefully then you can see we have taken this in account. We do have a few bots which are pre-setup and they are working good but that is only because they are all unique, they all trade at there own moment so the problem of having many users who want to trade at the same time can not be happening.





What point does disclosing anything make? Could saturate my strategy, not to mention if I don't have Haasbot, it's kinda irrelevant?
Post
Topic
Board Project Development
Re: Haasonline Simple Trade Bot For BTCe and Bitstamp[Main topic]
by
Lanzador
on 14/12/2016, 15:51:11 UTC
We do not have a trial version, sorry. This is software is designed to make money, so having a trial version does not make a lot of sense. But of course we do understand some people want to have a look first and we got several things prepared to be able to do this. Feel free to write me or krach a message to get more information about this or just send us a support ticket on the website www.haasonline.com



I'm just very curious, but given the lack of activity here or on the forums, the risk of even one month is not worth it for me really.

Curious though why you say a money-making product doesn't make sense to have a trial?

A trial for money making software does not make sence because why should a company make costs on production and servers and all just to give you a free way to make money? No company will do this, they will always be some method setup to compensate for this.

Let me give example so its easier to understand. Lets take TradingView for example. TradingView is offering you a free trial, you can register yourself and then you can use there services for free for a x period. It looks interesting, but if you look closer you will understand how it really works. For example, each script you make is not yours. So if you work a real long time to create something very good then its not yours. Think about this, this is what really happens at trials.

We at Haasonline have said from the start to respect privacy, this means when you get a service or product from us, its yours. We do not have to compensate for anything because its all paid for. As a result you get total privacy and i think with money making software this is just a must.

This gets me to people who use it and the postings. When somebody has setup a good strategy then this somebody is not sharing it. We are all humans and we want to gain the most, so about 99.9% of all the people who trade will not tell you how they do it else they lose there advantage. This is why people do not share there results, they keep it disclosed. So its normal to see this happening.

As for trial goals... of course we fully understand people have questions and we are ready for this. We got a demonstration server running and we use this to show what the software can do. We also try to go in the depth if somebody has a specific method he wants to use for trading. We have learned over the past years that this is much better to do it this way because it just more personal. Everybody can use help, so why not give it directly? Smiley

Oh yes the prices are getting high again and that is good of course, we love this for trading, but we have enabled the MOON coupon for a 30% discount. Its valid for new users and for upgrades.

Sorry, but that doesn't really make sense to me - if you take away my method of making money, how does that change anything?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far
by
Lanzador
on 14/12/2016, 07:55:23 UTC

If Dean chooses the capital raising via a dilution of shares, he will still own 70% of the total company value, including what’s on the balance sheet and in the case of 2000bitcoin, he would own 1400btc in equity.


Regarding the above point, the 2k btc is a representation of the value of 30% of the company value, not the whole value. Dean also have mentioned that if the raised amount is 2000 btc, he has to sold the whole company at ~8000btc so that the 30% of investors will at least get back their original amount.

So in this case, assuming it successful raised 2.1k btc which will represent the 30% of the company, dean will automatically has the '70% stocks' worth of 4.9k. And this create also a bigger problem, the investors are not just investing to try to grab a bit in the profit like the old ways of betking. Now they also have to consider the estimate price of the whole betking and invest accordingly, otherwise if it is overvalue, it will turn out the 30% share will be traded lower than the ICO price and if dean want to raise more amount by selling his own share, it will 'add' more shares into the existing 30% market and further diluate the market.

This is the just the individual risk assessment that i made for myself.

Most of that is incorrect. I'll address your last point first. If dean sells his 70% shareholding, there is no dilution, there is still 100% shareholding, someone else gets the profits. If one person buys the 30% then decides to buy the other 70% they get then entire thing, they haven't diluted themselves at all. 1btc in profit is still split over all available shares. Current shareholding still gets the same return.

Now for the sale and value. Company valuation is a pretty intense field and there are people who dedicate their lives to valuations of companies. Houses are the same, a valuation is built on what the equity is worth plus the earnings. Lets use Amazon as an example since it fits this discussion. Amazon, for years, has lost money. Over this time it gets money to stay afloat from investors. If creates a new capital raising offer and investors buy into it. Even though this has been happening, and the company makes no profit, its share value still increases, because the general market believes they have a great potential in making money. So they raise capital and on each capital raising the existing shareholders benefit from that added equity. BetKing has no equity but has ability to make profit, investors are buying into this profit machine. The machine will always have value as long as it makes profit. The share value is in this profit generation ability.

Lets look at Musk and his Tesla business, Tesla just started making profit, but he sold shares in a company that was making a massive loss. How? Investors believed this business was going to be huge and risked their money on getting some of the action. This happens all the time on the stock market. Some go broke (dot com boom collapse - if you are old enough to remember) and life goes on. BetKing is a bit different to a startup and is more akin to the Amazon example where there is a brand and revenue. In Deans case most of the revenue goes to profit, in Amazons case the profit goes to R&D and business expansion.

There are hundreds of examples of selling something with no revenue and its all about the brand and ability to bring in future returns. Look at the facebook IPO, no profit, but worth billions. The value in investors on facebook was the huge userbase and potential to generate serious amounts of money. Meganet will have burnt all its investor funds within 12months, and if they don't produce a product, maybe they will raise more capital, and everyone will be happy. if they go broke, everyone is sad, but thats the risk they took when putting money in it.

Here is how you value betking. Get your future projections, subtract the operating costs (dean will further detail these I hope) and you have an income potential. say 600btc - 100btc = 500btc per year. total company valuation is 6666.666666btc (dean has a sense of humour - who would have thought). That's 7.5% return on valuation per year.  The share value will always be retained, but like all shares could go up for down based on market demands.

Say that you want a higher return of 20% per year on your risk. Then you will need the casino profit to be 1333BTC / year. Now, if you don't think that will happen, you just don't invest and look for your 20% return trading forex or something with similar high risk. I personally think 10 to 15% is a return worth investing in - since that's hard to get in current markets.

As you can see, the amount someone invests, and moreso if someone invests, all depends on their personal risk profile. If you have a low tolerance for risk or you expect 100% return in 3minutes, you probably wouldn't be looking at investing anything in the first place. Right now property is a good investment, low interest rates, trump will create hyper inflation in the future (which will compound the property price and give you a relatively low mortgage).. can't go wrong in property right now if you have a low risk appetite.


I actually did a quick 5 year DCF on this...assumed (5%) growth and 30% WACC. People might be surprised at the valuation
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far
by
Lanzador
on 14/12/2016, 07:31:29 UTC

If Dean chooses the capital raising via a dilution of shares, he will still own 70% of the total company value, including what’s on the balance sheet and in the case of 2000bitcoin, he would own 1400btc in equity.


Regarding the above point, the 2k btc is a representation of the value of 30% of the company value, not the whole value. Dean also have mentioned that if the raised amount is 2000 btc, he has to sold the whole company at ~8000btc so that the 30% of investors will at least get back their original amount.

So in this case, assuming it successful raised 2.1k btc which will represent the 30% of the company, dean will automatically has the '70% stocks' worth of 4.9k. And this create also a bigger problem, the investors are not just investing to try to grab a bit in the profit like the old ways of betking. Now they also have to consider the estimate price of the whole betking and invest accordingly, otherwise if it is overvalue, it will turn out the 30% share will be traded lower than the ICO price and if dean want to raise more amount by selling his own share, it will 'add' more shares into the existing 30% market and further diluate the market.

This is the just the individual risk assessment that i made for myself.

I'm fairly sure that he'll have 70% in the end whether or not we go over the 2,000 BTC goal

EDIT: Also, bodgybrothers's point only stands if Dean goes the ICO route and these tokens are tradeable, thus allowing the market to set the value. Plus, this is assuming the general public understands that a 'stock' is only worth the present value of its future cash flows
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far
by
Lanzador
on 14/12/2016, 01:19:47 UTC
So, let me make sure I have this straight - it would operate like this:

Hypothetically:

Starting Bankroll = 2,000
1st Quarter Profit = 300
1st Quarter Expenses = 10
Ending Bankroll = 2,290

290 BTC to distribute
30% x 290 = 87 BTC to shareholders
90% x 290 = 203 BTC to Dean

Is this correct?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far
by
Lanzador
on 13/12/2016, 20:12:10 UTC
Sorry Dean, but I still don't think this is clear. Originally you said that profits from the dice game would be paid as dividends to shareholders:

We will pay dividends as a share of the total profit (revenue-expenses) generated by BetKing in Bitcoin every 3 months.

but now you're saying that profits from the dice game will be added to the bankroll (ie. your 2k BTC):

Any profit/loss on dice game gets added/subtracted from bankroll.

Are you saying that the public's 30% share of the profits are paid out and your 70% share of the profits stay in the bankroll? Or how can I understand both statements at the same time?

It's hard to decide whether to invest with such confusing and apparently conflicting statements from you.

Acquisition of damn 2 kilobitcoins by ICO scam artist is nothing new to the town, is a risk-readjustment of the net capital: first he boasts of being trustworthy in public with funds he gets from da game, second he turns the tides and spits into ur face. That's normal for that kind of gambling business management.

It is not the usual practice, but given how small the costs are compared to everything else, it doesn't really make much of a difference

It's only unusual if you are thinking in terms of "investing" in dice bankrolls. Which is not the norm and not really investing.

This is how investing in businesses usually works.

Note that you would not only be getting a share of profit generated by dice but all future products

Well, not quite...it's a simple line swap in terms of a P&L statement, but if your expenses were ~30% of your revenues, then investors would have zero incentive to invest.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far
by
Lanzador
on 13/12/2016, 19:45:42 UTC
Sorry Dean, but I still don't think this is clear. Originally you said that profits from the dice game would be paid as dividends to shareholders:

We will pay dividends as a share of the total profit (revenue-expenses) generated by BetKing in Bitcoin every 3 months.

but now you're saying that profits from the dice game will be added to the bankroll (ie. your 2k BTC):

Any profit/loss on dice game gets added/subtracted from bankroll.

Are you saying that the public's 30% share of the profits are paid out and your 70% share of the profits stay in the bankroll? Or how can I understand both statements at the same time?

It's hard to decide whether to invest with such confusing and apparently conflicting statements from you.

Acquisition of damn 2 kilobitcoins by ICO scam artist is nothing new to the town, is a risk-readjustment of the net capital: first he boasts of being trustworthy in public with funds he gets from da game, second he turns the tides and spits into ur face. That's normal for that kind of gambling business management.

It is not the usual practice, but given how small the costs are compared to everything else, it doesn't really make much of a difference
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far
by
Lanzador
on 13/12/2016, 19:34:23 UTC
So investors are paying all expenses out of their 30%?

The company is paying them all. From the working capital we raise during the ICO

Right, but all working capital is coming from investors?
Post
Topic
Board Gambling
Re: bustabit.com -- The Social Gambling Game (formerly moneypot.com)
by
Lanzador
on 13/12/2016, 19:25:39 UTC
Lol so we're looking at ~175 days of downloading if we want 3mm games

Yes, but there have been 3.45 million games, so you're looking at an even 200 days. Smiley

I wonder if Ryan would be prepared to make a torrent of old .json files to reduce load on his server.

I'd seed that
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far
by
Lanzador
on 13/12/2016, 19:25:10 UTC
So investors are paying all expenses out of their 30%?
Post
Topic
Board Wallet software
Re: Wallet Recommendations?
by
Lanzador
on 13/12/2016, 18:57:31 UTC
SOmeone already mentioned Electrum and I can't recommend any better wallet than that which you can use in all three clients. Combined with the mycelium app in android and for IOS. Other than electrum there are only web wallet like blockchain where you can use in all three.

Can you use the same wallets with Electrum and MyCelium? I know in theory you can have them generate the same private keys, but is that actually working?
Post
Topic
Board Wallet software
Re: Wallet Recommendations?
by
Lanzador
on 13/12/2016, 17:52:18 UTC
The easiest that I have found to run on cross platform and sync fastest is Jaxx wallet.
They have web wallet and for ever OS and even run it from your browser. It syncs in the web browser fast and instantly. I was very surprised by it actually. Grin

I like it as well, unfortunately you can't choose your fees, so you can get really screwed on transfer times
Post
Topic
Board Auctions
Re: [AUCTION] Donutbit.com Minesweeper - Moneypot based game
by
Lanzador
on 13/12/2016, 17:15:40 UTC
Not even 1 BTC in expected profit? How long has this site been running?
Post
Topic
Board Gambling
Re: bustabit.com -- The Social Gambling Game (formerly moneypot.com)
by
Lanzador
on 13/12/2016, 16:56:41 UTC
How many games total are available like this?

all  Grin

Lol so we're looking at ~175 days of downloading if we want 3mm games
Post
Topic
Board Gambling
Re: bustabit.com -- The Social Gambling Game (formerly moneypot.com)
by
Lanzador
on 13/12/2016, 16:20:25 UTC
Yeah, you would have to either query every single page, every time (which Ryan won't allow even once), or get a copy of Shiba's database (does it even store that kind of data) or start storing it yourself. BUT, given how many "strategies" claim to beat the house, if you truly want to show that a strategy can or can't beat the house, then you need to factor in bonuses

Yeah, Shiba's database has everything. He just listens to the connection and logs everything he sees and saved it in his own database. If you want play data, this is the way I'd prefer you get it. However, if you really need you can get a JSON dump of a particular game:

e.g. https://www.bustabit.com/game/3260196.json

Just take it easy, try keep it under say 1 request every 5 seconds to avoid getting anti-ddos banned

How many games total are available like this?
Post
Topic
Board Gambling
Re: bustabit.com -- The Social Gambling Game (formerly moneypot.com)
by
Lanzador
on 13/12/2016, 15:53:47 UTC
Cool, anyone know if this includes bonuses or not?

Crashes at 0.00x are included, but bonuses are not.

Since the size of the bonus depends on so many unknown factors it is virtually impossible to simulate it in any meaningful way. Taking a flat bonus of 1 % into account each game might make sense, though.

Kind of makes it less useful then, no? Since it's well established by this point that you can't beat the house in the long-run, bonuses are the only way to win, yet you can't calculate them with this? What's the point then other than making little kids feel good about their script lasting 500 games without busting?
I'm working on adding bonuses, but as @RHavar said, it's kind of hard to simulate them in any meaningful and/or realistic way. I'll try to approximate it though.

Heh the only way would be to actually go through each game, bet by bet, cash out by cash out to see when, or if, you would get the bonus for a particular game (or how much it would be). Of course, as Rhavar said, that could have some kind of butterfly affect though, depending on how much you were betting.

I'll probably add the option to just toggle a 1% bonus to every round or a bonus depending on the amount bet. What you described would make the calculation time much longer as it would have to request every page, and wouldn't be a lot better in my opinion.

BTW, I have just added auto strats calculation.

Yeah, you would have to either query every single page, every time (which Ryan won't allow even once), or get a copy of Shiba's database (does it even store that kind of data) or start storing it yourself. BUT, given how many "strategies" claim to beat the house, if you truly want to show that a strategy can or can't beat the house, then you need to factor in bonuses
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BetKing.io ICO - Bitcoin Gambling website - 581.4 BTC raised so far
by
Lanzador
on 13/12/2016, 15:15:28 UTC
Latest news:

Spoke with my lawyer a few days ago and the plan would be to setup a new company in a jurisdiction that doesn't require all shareholders to be listed. Like how ICONAMI and Intellisys Capital do.

Your BetKing account will show your number of shares you own on the BetKing website which you can trade with other people on the BetKing website.

When it is time to pay dividends Bitcoin will be added to you BetKing account.

This seems the fastest, easiest and most secure way to set this up at this time.

Maybe in future we can do an alt coin and you would receive the amount of coins equal to the shares you own in your BetKing account but that's not the plan right now.

Total invested sitting at 581.4 Bitcoin

Last few days for your 5% bonus.

Thanks

Are dividend rights the only thing coming with share ownership?

Yes.
I will take other's ideas into consideration but any final decision will be mine. There will be no voting rights with shares.

Will there be any record of of our share ownership outside of what's on the website?
Post
Topic
Board Wallet software
Topic OP
Wallet Recommendations?
by
Lanzador
on 13/12/2016, 15:13:22 UTC
Hi all, looking for a couple wallet recommendations here:

1) Looking for a daily use cross-platform wallet that I can sync across multiple devices - ideally Windows, Mac, and Android

2) Also looking for a long-term storage wallet for BTC I want to invest in (not looking for a cold-wallet, not yet at least)

Anyone with recommendations, thanks in advance!
Post
Topic
Board Gambling
Re: bustabit.com -- The Social Gambling Game (formerly moneypot.com)
by
Lanzador
on 13/12/2016, 14:49:03 UTC
Cool, anyone know if this includes bonuses or not?

Crashes at 0.00x are included, but bonuses are not.

Since the size of the bonus depends on so many unknown factors it is virtually impossible to simulate it in any meaningful way. Taking a flat bonus of 1 % into account each game might make sense, though.

Kind of makes it less useful then, no? Since it's well established by this point that you can't beat the house in the long-run, bonuses are the only way to win, yet you can't calculate them with this? What's the point then other than making little kids feel good about their script lasting 500 games without busting?
I'm working on adding bonuses, but as @RHavar said, it's kind of hard to simulate them in any meaningful and/or realistic way. I'll try to approximate it though.

Heh the only way would be to actually go through each game, bet by bet, cash out by cash out to see when, or if, you would get the bonus for a particular game (or how much it would be). Of course, as Rhavar said, that could have some kind of butterfly affect though, depending on how much you were betting.