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Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 14/06/2014, 19:26:57 UTC
No, this is just regular trading done by share owners.
We don't sell our own shares because then we would no longer make any profit Wink
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Board Securities
Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 11/06/2014, 15:08:48 UTC
Status update:
In the last 3 months a few hundred Bitcoin have been invested. After the latest rounds of large investments finally a huge amount of much needed liquidity was added to the stock trading by those investors and thus cooling down the slightly overheated share trade price. This makes shares again more attractive for small investors.

As a direct result of those investments all bet limits have been doubled compared to 3 months ago.

In other news, Darkcoin trading was recently added as to our coin exchange.
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Board Gambling
Re: PLAYTIN - Casino Exchange Wallet Trading
by
playtin
on 05/06/2014, 01:15:03 UTC
I tried to trade some LTC in the site yesterday. And I was surprised by how fast it was. The coins were instantly credited in my account after the confirmations and the trade was executed in a fraction of a second. Truly a perfect example of great coding. The withdrawals are near instant too.  Smiley
We are glad that you like our trading platform Smiley

But there's one little flaw I noticed. After each trade is executed, a satoshi worth or the coin traded is stuck in the exchange and remains in your balance. Is this meant to be like this? It's nothing big but it's kind of annoying to see those little balances be there right after you've sold.
Well, we honor the exact trade price and compute everything exactly down to each satoshi, and since one cannot split a single satoshi it often happens that the trade produces some tiny remainder. We don't like it either, but we are not gonna steal that single satoshi...
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Board Securities
Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 26/05/2014, 10:18:11 UTC
Status update:
Our bankroll shares program works almost perfectly.
There addition of new shares is slow enough to be sustainable. The 8% (@100 shares) fee seems to do the job as expected.
The only tiny issue is the share price - it is very high, currently at 170%. While that is a bonus for the larger investor, it makes it difficult for small investors to buy shares.
Anyway, the whole shares program is already a huge success and we are looking forward to the future development of it.
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Board Securities
Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 07/05/2014, 21:36:17 UTC
Is 4.00% an annual rate?
Yes it is annual.

Since the founds are not used for any purposes that would generate profit why are you doing this? Out of the goodness of your heart just to make your users enable 2fA?
There are actually 3 reasons why we have added this.
1) users use bad password, prefer an URL based account and so on. It is always bad when such an account is hacked, both for the user and for the site. We cannot force users to use 2FA but we can give them a reason to do this.
Note: a lot of our users use those URL based accounts, while most probably have a few browser extensions that can access those URLs. This is a time bomb ticking that can be countered by 2FA.
2) We had customers complaining that they get some interest at mcxnow. Well, we did the math and figured that it will not really cost that much.
3) There are certain gambling behaviors that could potentially generate more profit for the site as a result of this. We hope that because of this the net result of paying interest could become a profit for the site - time will tell.

Quote
The longer you have some funds on site the more often you will earn interest.
Above that you menioned that the interest is paid every 4 hours. How does that make sense?
Well, since only a small portion of those 4% is paid every 4 hours, you wont reach the whole 4% if you withdraw after a short time.
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Board Securities
Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 07/05/2014, 01:30:13 UTC
Of course the daily revenue is anything but consistent, and quite often negative. But what is used for the dividend calculation is the sliding profit. And while sum(sliding profit)==sum(daily revenue) the single values are of course quite different.

The rationale behind this is to have a more consistent and hence more realistic dividend. There are numerous other casinos out there where investors can gamble on the daily revenue, we are not one of those. You can call us conservative but we prefer that PBBS pays a dividend as stable as possible.

In some sense this is similar to the very safe factors for the bet limits. We are operating with investors money and have thus chosen a very conservative and risk-averse approach. I know that sounds weird coming from a casino operator.
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Board Securities
Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 05/05/2014, 09:22:33 UTC
Actually it seems that no one sells shares because of the very high daily dividend. And I am no exception.
Your observation is correct. There are actually more buyers then sellers. For an investor this situation could be a good opportunity to seize since it is possible to create new shares well below the market value.

is playtin provably fair, can u prove?
In fact we are one of the oldest provably fair casinos.
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Board Securities
Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 13/04/2014, 22:24:37 UTC
We are proud to announce that on yesterdays daily dividend payment we reached slightly over 4 mBTC per share.
Full history data here: https://playt.in/#dividends#pbbs
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Board Gambling
Re: PLAYTIN - Casino Exchange Wallet Trading
by
playtin
on 08/04/2014, 22:24:51 UTC
Playtin is 100% right. I learned a long time ago that this subforum brings hardly any traffic, and as playtin confirms, the overwhelming majority plays nanostakes and sends you 10 emails because his deposit hasn't arrived after 5 minutes cause he doesn't understand blockchain confirmations.
We are actively avoiding this case by having a minimum bet of 1 mBTC and accepting 0 confirmation. Still we had a lot of cases where customers have no clue that 0.0001 BTC is actually 0.1 mBTC and not 1 mBTC.

Look at SatoshiBet's topic, hardly 5 pages, yet we probably are in the top 5 casinos ranked on turnover. Anyway, to conclude, the gambling section of bitcointalk is mostly useless for marketing. To the casinos who use shills to bump their thread all day; you guys have no clue what you're doing.
Now that we wrote this all, I sort of regret spilling the beans. Hopefully no one ever reads it...
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Re: PLAYTIN - Casino Exchange Wallet Trading
by
playtin
on 08/04/2014, 13:10:17 UTC
Just asking, you trust a service more that does a daily bump in here than one that is in business since ages?
It seems one never stops learning...

Not necessarily daily, but with news/announcements at least every 2 or 3 days. Ideally over time bumps aren't required due to the postings of other people.
Every 2 or 3 days? I lol'd. At that rate it would have been necessary for us to announce about 200 things since we have started PLAYTIN. We are not one of those countless ponzi sites that can announce a restart every 2 days.

To be honest, I think that exactly this assumption that a service/member that does post a lot is trustworthy makes this forum a paradise for scammers. Sadly this assumption is even encouraged here by leveling up the accounts based on the number of posts.

Back to topic, since the huge majority of our customers does not come from this very forum we guess almost no one posts about it in here.
About a year ago we figured that the most vocal players are those that after playing thousands of free games maybe bet a single hopping 1 mBTC (min bet), while the others usually bet very very significantly higher and plays at least thousands of rounds. Just run the actual numbers for the average bet amount and was amazed.

So yes, we still think that the average forum poster is either "poor" or does not gamble/invest at all, so why again do you think we should we try to get those?

Anyway, we have significantly increased our presence in this forum in the last few weeks, we will see if it makes any difference at all.
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Re: PLAYTIN - Casino Exchange Wallet Trading
by
playtin
on 08/04/2014, 12:02:54 UTC
It's less that they're "poor" - most Bitcoin users do have at least some quantity of Bitcoin, whether it's a few bucks or a few thousand bucks. It's that with such a long period of hiatus (from this thread at least) trust drops significantly.
Just asking, you trust a service more that does a daily bump in here than one that is in business since ages?
It seems one never stops learning...
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Board Gambling
Re: PLAYTIN - Casino Exchange Wallet Trading
by
playtin
on 08/04/2014, 10:44:50 UTC
i think they are just being overly careful, who can blame them.. owners left and right ranaway with their btc. so they have no btc left much less trust.
Very true.

well youre gonna have to be more convincible than that to attract investors. good work but along way to go
We think trust comes with time. There are a lot of people that are using our services since more than a year and these already know that we are trustworthy.
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Re: PLAYTIN - Casino Exchange Wallet Trading
by
playtin
on 06/04/2014, 23:12:57 UTC
wheres the daily dividend coming from, when there's not much bump on this thread

Well, to be honest, this forum is not the best way to advertise our site. First, there are a lot of dubious offers on this forum, especially in this very section. Second, most forums users apparently even lack the financial power to gamble on our site. Our minimum bet is 1mBTC, while the average forum users seems to prefer to gamble with dust (less than a few hundred satoshis).

I guess the really wealthy forum members prefer to risk their coins on a guaranteed loss by buying overpriced mining gear and some unprofitable mining contracts.
Therefor since over a year ago we use mostly other ways to advertise our site. And as you can see on our site this works quite well Cheesy

And we will add a few new cool features to our site in the very near future, so stay tuned Wink
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Board Securities
Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 05/04/2014, 01:44:07 UTC
Care to explain what Rate* in the divedend history means? I can't really understand what it is and how it's calcuated.
A shareholder requested that for whatever reason. So we added it. The * means that it has a footnote. Scroll down to the bottom to see it. In the next update we will try to make this somehow more obvious.
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Board Securities
Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 31/03/2014, 11:05:31 UTC
Where is the wallet and the trading platform for shares? I did not able to find it.

Click on "change mode" and then select "trading" in the dialog
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Board Games and rounds
Re: Free Shares Promotion - PLAYTIN - Casino · Wallet · Exchange · Trading
by
playtin
on 30/03/2014, 23:59:11 UTC
Fractional shares sent:

[zsMQKcZB8E8] mkr
[RkrH2nPuJfw] randomlygenerated
[V3mcO7Yx4D8] bobbo13
[UqpdCoUANw4] darthcoin
[EqQ3CqMe1Sw]  Arrogantx
[eUrM0X75OAc] koquillion
[m7l7JqEc2yI] gyo9i
[aRiQrUrFDMs] bleyniooo
[kyukeRaRQJ8] CodyAlfaridzi
[czza55ALyhE] roxannemmorganB599
[ltQV0k3ID9Y] lynn_402
[joWWObQv5j0] snappa4ever
[ZtcxDKkk0yo] rachman
[d8Us8Z4Z2Cc] ensurance982
[pdZPGpUQxx4] Pobre
[AUdbYA2IT5Y] oureptsC
[Si7T7ocCMQg] jeffersonairplane
[grlxTOlkk2o] Killa
[uAO6gyynbrU] Bralex
[ZfVzSOVgl24] lovewiki
[CVuEY95ZmGc] DjPxH
[yYS4hTKtZLM] Kiweikoo
[Md1eYwyHTpU] Laosai
[MLXRjgmEs4o] chaolang

In a few minutes you will get your daily dividend Grin
Feel free to post about it.

This promotion is now officially closed.
Thanks to all participants
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Board Securities
Re: [PBBS] PLAYTIN Bitcoin Bankroll Shares @PLAYTIN
by
playtin
on 29/03/2014, 18:23:44 UTC
PLAYTIN is a long-standing Bitcoin casino, we are around since ages.

Actually the only thing you've been doing "since ages" is dodging the repeated efforts of others to point out a host of problems with your service.


MPOE-PR excuse me if I'm rude, but there are hundreds of scams out there. playtin doesn't seem to be one of them. If you want to to a job do it right!

There is no need to keep trying to built negative trust for someone that has never scamed bitcoins out of anyone.

Don't be too harsh on MPOE-PR, some of the things she wrote in here actually make sense.
Just look around in the Bitcoin world, there are whole exchanges running on VPS, another famous failed one tried to replace half the OS with PHP, some sites promise insane interest without having any real income, most mining investments have a negative ROI or are simply a scam, etc, etc. There are tons of scams all over the place. So it makes sense to be very cautious.
That being said, one of the mistakes that she makes is concentrate to much on the legal and business side, and almost completely ignoring the technical side. For at least half the failed ventures the reason for failing was plain incompetence on the technical side.
So even when she actually don't like our own site, some parts of her postings still make sense. And she can look cute too, if those pictures were actually real...
Post
Topic
Board Games and rounds
Re: Free Shares Promotion - PLAYTIN - Casino · Wallet · Exchange · Trading
by
playtin
on 29/03/2014, 17:49:06 UTC
Fractional shares sent:

[gDd7Ru9qqXA] aysha9822
[I9Ta55ALyhE] jaberwock
[cptlONVQh14] DeathProxy
[PqfJ1IH8OwI] Cryptocure
[lz9wTeplrGs] itsAj
[kwFwTeplrGs] digit
[uss53lnUA9o] joksim299
[RVCMkT65eMc] umairsaleem
[JfAs8Z4Z2Cc] Davinus
[dDHFoh2YX6Y] macros
[TdvdgPt2vYQ] lemfuture
[S0eEmTaxYL8] mblair
[xdIIFcI99EM] crazy-pilot
[SkSPkju2fcQ] mailmansDOG

In a few hours you will get your first daily dividend Grin
Feel free to post about it.
There is also a reddit thread about this: http://www.reddit.com/r/Bitcoin/comments/21mzjh/free_shares_promotion_playtin_casino_wallet/

Missed me  Wink

Sent Cheesy
Post
Topic
Board Games and rounds
Re: Free Shares Promotion - PLAYTIN - Casino · Wallet · Exchange · Trading
by
playtin
on 29/03/2014, 17:45:40 UTC
Fractional shares sent:

[gDd7Ru9qqXA] aysha9822
[I9Ta55ALyhE] jaberwock
[cptlONVQh14] DeathProxy
[PqfJ1IH8OwI] Cryptocure
[lz9wTeplrGs] itsAj
[kwFwTeplrGs] digit
[uss53lnUA9o] joksim299
[RVCMkT65eMc] umairsaleem
[JfAs8Z4Z2Cc] Davinus
[dDHFoh2YX6Y] macros
[TdvdgPt2vYQ] lemfuture
[S0eEmTaxYL8] mblair
[xdIIFcI99EM] crazy-pilot
[SkSPkju2fcQ] mailmansDOG

In a few hours you will get your first daily dividend Grin
Feel free to post about it.
There is also a reddit thread about this: http://www.reddit.com/r/Bitcoin/comments/21mzjh/free_shares_promotion_playtin_casino_wallet/
Post
Topic
Board Games and rounds
Re: Free Shares Promotion - PLAYTIN - Casino · Wallet · Exchange · Trading
by
playtin
on 29/03/2014, 12:39:22 UTC
Fractional shares sent:

[ap6TrkfCccg] Onews1990
[I9jT6IUANw4] duhosnyul

Now you can enjoy the daily dividend Grin
Feel free to post about it.
There is also a reddit thread about this: http://www.reddit.com/r/Bitcoin/comments/21mzjh/free_shares_promotion_playtin_casino_wallet/


So this place is also a casino? can I play with my share  Tongue ?
Sure, sell it to the market, gamble yourself rich, then buy a lot more shares  Wink