After private discussions with glenw, I have verified proof of funds and am accepting his bid of 8 BTC.


If no one bids 9 BTC or more, the site and domain will be sold to him in 24 hours.

Firstly, I don't think most jackpots are actually designed to be provably fair(you are free to tell me about one site that has provably fair jackpot, in dice to prove me wrong).

All that the provably fair thing proves is that there was no interference from the house to absolutely guarantee that the house would win any particular bet.  The problem is that 'fair' is such an arbitrary term.  In the long run, the player will always lose and of course sometimes it doesn't take that long.

But back on the 'provably fair' angle... people tend to not understand the "kelly" system or how that mixes with other factors rather it be bet size or any other multitude of factors that go into these algorithms designed to make the house profitable.

Hi, just seen this thread.

I understand the concerns and the questions here.

I have already explained many times why I am making these changes but will post again.

PRC is by far the most trusted Bitcoin dice site. Even though people could rightfully argue that Primedice is the fact is Stunna does not hold on to 5k Bitcoin of other peoples funds. I think that says a lot of how much trust the commity has in PRC.

There's always been people saying I would run with the money once it hits a certain amount. I guess that says a lot more about those people making these claims than it does me.

I have run PRC for over 2 years. Working every single day.

I could have run with the funds at any time.

A few days ago investment was higher than it is now. I disabled the investment button so no new investment could come in and no one could top up their current investment. If you divest now you will not be able to reinvest.

That would be odd behaviour for someone wanting to run with as much money as possible.

Also I stated that at the end of this week 10% of the current investment will be automatically divested and added to the users balance and they can cashout.

That's 477 Bitcoin that will leave the site that I could also have run with.

I will most likely then be removing 10% each week to further reduce the investment and eventually there will be a point where I am the only person funding the site. If PRC does not sell in this time. See this thread for details https://bitcointalk.org/index.php?topic=1043483.0

As quoted by allarmus from the main PRC thread here are some of the reasons for these changes:


If I was attempting an exit scam or anything malicious then these changes would not be happening and number 1 would be stupid to do.

The current setup is profitable for me and is risk free. There is no decline in PRC. The wagered and profit is increasing massively, far more than any other Bitcoin dice site. Despite what waterpile claims. Funny all these claims come from people who don't actually check facts/data.

However. I would rather risk my own funds instead of others. I would prefer to have far less invested in PRC that is my own funds than be responsible for $1 million of other peoples money.

Number 3 is part experiment. I have had a few good offers for the sale of PRC. People do keep trying to offer a lower price than what it is worth by using the claim that they think it won't be as successful without investors. I want to show that it would be by bankrolling myself.
That's a huge risk. The site could lose all traffic and then it wouldn't be worth much to a buyer let alone give me any profit.
That's a risk I am prepared to take.

Some offers have asked if they can keep the investment feature. If for some reason a buyer did enable this then that's their choice but there's absolutely no way that current investment funds would change over to a new owner.

As for investing in other sites.
It's obvious that a lot of the funds will move. I don't see that as a threat or a concern to the continued success of PRC.
I do urge anyone considering such a move to really do your research.
PRC has the most invested for a reason.
I could not vouch for any other BTC dice site. That does not mean they are not legit or safe though.
I predicted the last 3 large dice site scams before they happened and many poker sites too.


If this doesn't prove just how trustworthy PRC (me) is then there's no hope for anyone on this forum
Feel free to make your judgement after the current investors withdraw their 5k.


EDIT:
A few other points.
Yes PRC has effectively higher commission than other sites, 25% of profit long term, it also generates far more profit for investors than other sites and also the profit is 20% over the expected value meaning I personally have made far less than I should have.

Having no investors means I don't have to explain every large bet or winning player. Though it's usually trolls that post these accusations but still.

The site will still be provably fair when I bankroll it alone and so there's definitely still no cheating going on like some people think could happen.
Use logic here for a minute ok?
I could run now with 5k Bitcoin or
I could cheat a couple of Bitcoin off of a player when he bets against my own bankroll and risk no one ever playing again?

See how stupid these claims are?