I've been catching up on this thread.

I was not made aware there was a 10% divestment fee for investors. Does this mean that whenever I choose to divest I will lose 10% of my total bitcoins?

Oh, after rereading this, it looks like this 10% divestment fee is strictly for profit.

Please clarify. Thanks.

Was this resolved?

Thanks Nico.

I think it's the right call. I hope so too but it's not looking good at the moment.

-SoraAoi

Hey Nico,

Just a heads up. I think you should really consider removing SatoshiDice from your website.

I've had two friends recently tell me ~49 btc and ~77 btc have disappeared from their accounts the past week. The only response they have received from support so far is that they are "looking into it."

I then took the time to read old posts from their thread since December and there have been other numerous issues. This includes ignoring claims of btc amounts disappearing from player accounts, refusing to honor past tlb payouts, and never properly addressing an empty hotwallet.

-Sora Aoi

Just read the past 5+ months of this thread.

Support is the not the quickest but most (all?) issues seem to be resolved with satisfaction.

Was this issue resolved too? I assume so because the user stopped posting. Do you mind giving a brief explanation of why this issue took awhile to resolve? Thanks.

-SoraAoi

Hi,

I am posting on here in case my e-mails were missed. Can someone get back to me on my cashout request. Thanks.

-SoraAoi

I think this is how it breaks down assuming investors run at neutral ev.

App Owners: 40% house edge+10% of the 50% investor profit(5% house edge)= 45% house edge
Money Pot: 10% house edge+10% of the 50% investor profit(5% house edge)= 15% house edge
Investor: 50% house edge-20% of the 50% investor profit= 40% house edge

Hi,

I am considering making a big investment. I sent an e-mail titled "Investment+Equity Purchase Inquiry" two days ago. Can someone please get back to me?

Thank you.

-SoraAoi

Hi MoneyPot,

I am one of your biggest investors.

You haven't replied to my recent e-mails. Is your e-mail support working alright at the moment? Please e-mail me back ASAP.

Thank you.

Is there an update on if the "max win" per bet was changed recently? It is no longer displayed at the top right of the interface.

While total wagered and bets is useful information, I think both players and investors would rather know the current max win per bet instead.

Apologies if it's somewhere obvious on the site that I cannot find.

P.S. I noticed the option to invest at 5x kelly has been removed recently. Interesting, care to explain why? Thanks.

Sure, it allows gamblers to go up to 10x kelly by paying more juice. As an investor, you can simply investment 1/10th of your total investment and it would be very similar though.

I'm not an expert, but wouldn't capping the max profit (at 20%, 30% or even 50% of current bankroll) solve the issue?
[/quote]

What is the issue exactly?

As an investor of the site I think the current Kelly+Variable Edge System is unique and great for investors.

I feel the negative opinions in light of the major house losses is mostly due to recency bias and likely coming from people with little stake in the site.

The system is fine. If investors wish to be more risk adverse they can simply set their risk to 1x Kelly instead of 10x. If they do not wish to put their entire investment at risk, deposit 10% of it at a time and reload as needed. Now many may complain, "Well I don't get enough of the house bankroll when I do this!" Sure, but that's what happens when you are risking $1 compared to someone else's $100.

Lastly, if I had the ability to earn 8% ev in one millisecond time with 0 effort at all, I'd probably risk 5-10% of my net worth. This also happens to be a situation where the player made a long shot bet so you could arguably risk more. Obviously, there is merit to lowering your risk in an effort to "grind the player down" but that isn't always a feasible option. If you prefer, there are plenty of other dice sites with this option available.

I for one am happy there is a one of a kind investment option around in Safedice. While not many investors may agree, I cannot think of a single player who dislikes the option of being able to bring the house down in a single roll of the dice.

I'm fairly new to the dice community and I'm sure many of you are more knowledgeable than me but aren't we overreacting here?

The public cold wallets never 100% covered the site bankroll to begin with so it was always assumed the difference were in hot wallets for quick processing. So if the site wasn't insolvent before, they wouldn't be now. Nothing has changed.

I hope this doesn't bite me in the ass for pointing out but Safedice always came off as a legitimate business. If it's plan was to operate under shady business practices, they would never have offered multiples of the kelly feature reducing counterparty risk.

The site has been around for 1.5 years without any major issues. And finally, if push came to shove, and the site was in fact insolvent by ~50 coins, you'd have to think it's +ev for the owners to cover the difference or at least sell off the site to pay everyone back right? I don't know how much these sites are worth but I'd assume they'd be valued at >50 coins easily.

As a player or investor who has holdings on the site, the last thing you want to do is overreact on forums or in the site chat and wrongfully give this site a negative reputation. That is the worst thing that could happen both short and long term. It's only been 6 hours. I think they've earned the benefit of the doubt (for now).

Yes, that is where I found the data. I agree solvency was a poor choice of words. My apologies.

With that said, a higher storage in public addresses will provide more security for the public.

I wish the best for moneypot. Keep up the good work. Thanks.

Hi,

I realize this is largely due to new investments the past few days but I think you should consider adding more coins to the cold wallet.

58% solvency is low and will worry current, future investors and players.

Thanks.

Nico, thanks for the quick reply.

I have a question regarding the Moneypot network.

Their app listed on the site BetterBets.io is provably fair. Does that mean the rest of their apps are also provably fair?

Thanks.

Hi,

I was explained by e-mail support that the current moneypot commission structure is as follows:

Apps receive 50% of the house edge. Moneypot receives an additional 20% commission. Investors receive ~0.3% house edge.

The way commissions is explained in the FAQ is a little confusing for me. Can you confirm this?

Thanks.

Hi Nico,

Love your site.

I have some basic questions regarding the investment stats. The Profit number displayed for each site is yearly or lifetime?

Also, is there another purpose for the Profit/Ev % stat other than knowing which dice sites have ran/poorly well to date.

Thanks.