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Showing 10 of 10 results by Rumpel
I don't think I like the fractional investing either.
Whats to stop "investing gamblers" from taking on a high risk with a 1% edge instead of gambling with -1%?
I feel like these people could invest like 50 btc, say they have 5,000 and gamble with a 1% edge. If enough people do this it will hurt the normal investors, who will either have a significantly reduced investment % while these people are gambling, or have to increase their risk themselves to keep a reasonable return... And everyone increasing their risk, increases the risk on the websites bankroll.
To take an extreme example, what happens if 10 people are invested in the website with 10 btc each (100 btc is physically on the website), and claim to have 990 in reserve bringing the websites total bankroll to 10,000. A winning max bet of 100 will wipe out all the investors reserves and the websites bankroll is now bust.
The way I see it:
1) Real investors will have their % of bankroll diluted by people gambling on investing.
2) Real investors will either accept this lower return, increase their own risk, or withdraw.
3) Overall the website's bankroll will probably be under more risk.
4) Wagered volume decreasing as people gamble on the investing side with a 1% edge instead of a -1% edge.
note: its entirely possible I'm misunderstanding part of this discussion
Whats to stop "investing gamblers" from taking on a high risk with a 1% edge instead of gambling with -1%?
I feel like these people could invest like 50 btc, say they have 5,000 and gamble with a 1% edge. If enough people do this it will hurt the normal investors, who will either have a significantly reduced investment % while these people are gambling, or have to increase their risk themselves to keep a reasonable return... And everyone increasing their risk, increases the risk on the websites bankroll.
To take an extreme example, what happens if 10 people are invested in the website with 10 btc each (100 btc is physically on the website), and claim to have 990 in reserve bringing the websites total bankroll to 10,000. A winning max bet of 100 will wipe out all the investors reserves and the websites bankroll is now bust.
The way I see it:
1) Real investors will have their % of bankroll diluted by people gambling on investing.
2) Real investors will either accept this lower return, increase their own risk, or withdraw.
3) Overall the website's bankroll will probably be under more risk.
4) Wagered volume decreasing as people gamble on the investing side with a 1% edge instead of a -1% edge.
note: its entirely possible I'm misunderstanding part of this discussion
Re: [ActiveMining] The Official Active Mining Discussion Thread
So,
https://bitfunder.com/asset/ActiveMining
Asset Name ActiveMining
Asset Issuer AMC
Shares Total 25,000,000
Shares Issued 6,176,329
Pays Dividends Yes
Issuer may Increase Shares: Yes, with vote.
Issuer may Modify Description: Yes, without vote.
https://bitfunder.com/asset/AMC#pane_profile
Asset Name AMC
Asset Issuer AMC
Shares Total 100,000,000
Shares Issued 8,886,710
Pays Dividends Yes
Issuer may Increase Shares: No
Issuer may Modify Description: Option not set.
https://btct.co/security/AMC-PT
Outstanding 2516711 / 5000000 Issued
So how many shares have been issued to the public? Looks like over the 10mil that is specified in the original post...
Quote from: kslaughter
The issuing of more ActiveMining shares can be allowed in the future, as a last resort measure and after a shareholder's vote
What ever happened to this?Glad you did the rollback doog. We need you in a good state of mind to grow the site!
No investors lost money, not sure what some posters are thinking... You try losing 130k and see how clearly you are thinking.
No investors lost money, not sure what some posters are thinking... You try losing 130k and see how clearly you are thinking.
I don't know anything about the hash's and random number gen, but if it is truly random, losing bets at 0.1 should not increase the likely hood of a win on the next bet... And if you say its truly random, I believe you
I would guess that is just what the whale thinks in his head (and is probably common). He thinks he has an edge doing this and that is why he keeps coming back.
I would guess that is just what the whale thinks in his head (and is probably common). He thinks he has an edge doing this and that is why he keeps coming back.
Quote
I'm also little uncomfortable with such a low house edge of 1% - as it's very few games at real casinos that have such a low margin for the house.
I believe the house edge on blackjack is ~0.5%?Anybody complaining about variance shouldnt be investing into venue like this. I think everything is just about right
This.
This is not the type of investment where you invest for a few days and expect to be up, you have to be in it for the medium/long term.