/biz/ - Business & Finance

>>8994950
YOURE TELLING ME I GIVE YOU ETHER AND YOU GIVE ME MORE ETHER???

What’s the catch

>>8994991
People play our games with ether. If they lose, you win their ether. If they win, then you take their ether.

More losing than winning will be done, because there is a small house edge on all our games.

There's not really a catch, you get 80% of the profit that your ether made (proportionally)

>>8995024
That’s actually surprisingly not scammy. Congrats

>>8995067
Yep! We are just looking for more bankrollers, so we can field larger bets without going bankrupt. Then everyone will profit more :)

>>8994950
>crypto lending
hey hey hey

Fuck this and fuck you for using the EOS name and not actually even using EOS.

The fuck?

>>8995283
We are transitioning to EOS right when their main net launches. This is just for some early revenue and to start growing a community with a proof of concept.

>>8994950
So... why should I trust you?

>>8995545
All smart contracts are completely trustless. So you shouldn’t trust me, and you don’t need to

The only way you could lose money, is if someone gets insanely lucky playing dice/slots and the bankroll takes a hit. Statistically you will make money doing literally nothing

>>8995578
That's what the PoWH guy said too and the contract got drained within hours

This looks dank af. Thanks OP

>>8995605
Honestly a good point.

But I’ve been doing this for awhile and have 50 of my own eth locked in there, and they’ve been there for over a week. They’ve also gone through an extensive bug bounty audit

>>8995605
And you could also just play the games. The house edge is super low, only 0.8% for dice. That’s better than etheroll, vdice, etc. also lower minimum bets too

Slots jackpot is 5000x your initial bet

>>8995268
How does this work exactly. People can’t just run?

>>8994950
lol what a fucking scummy piece of shit you are OP

>>8996126
What don’t you understand little guy? Let me hand hold you. This is actually legit

There will be another thread on /biz/ next about 13 years old lost money on this scam and screaming.

>>8996153
you talk as if you're the first person to come up with a pyramid/ponzi scheme.

it's fucking clear as day. fuck you.

>>8996166
>>8996274
read the contracts you idiots, or keep getting burned on shitcoins, that's really the only think you're good at

>>8996274
Except it isnt a pyramid scheme my dude. Nobody sit on top or below anybody else. You put your cash in, and 80 percent of the profits that are made off your ether from gambling goes back to you.

Do you consider banks loaning you money a ponzi scheme? Because if you do youre a brainlet. Because essentially, thats what this is. Youre supplying them the money to run the gambling on a loan that youre giving them

Like, im not even planning on investing anything since im all in on link, but just because you got burned on ponzicoin doesnt mean everything is a scam

>>8996378
thank you. you're literally lending money for people to gamble against. with a small house edge you will make money. it's not a stupid ass POWH coin, just a gambling site. gl with your link

>>8996274
another person threw in 1 eth since you were complaining. cheers

>>8996359
No idea if it's a scam or not but bitcoin dice is as old as fuck, used to invest in it in 2014. Made money. They even had doge dice. The concept is not scammy, this is not Ponzi as far as the concept goes. As to whether the contract is safe, that's something I can't comment on. Fuck the posters here are such noobs

>>8996417
Yeah, was it JustDice? They made a stupid amount of money with this same idea. And you just had to trust them with your BTC.

With this, you can TRUSTLESSLY CONTRIBUTE TO THE BANKROLL. Literally using smart contracts for what they are used for. I have thrown in 50 of my own eth to show that I trust the contracts aren't buggy & broken. They've been up over a week with no problems

>>8996417
This guys had a contest for trying to hack their contract, and man, isnt it solidity dangerous, people found some weird stuff even in what seemt legit and correct implementation. OP, come back when all is running on EOS in decent c++

>>8995024
>If they lose, you win their ether. If they win, then you take their ether.

>>8996445
Yeah I was in just dice, prime dice and doge dice. Just left the btc and doge sitting in there, was ages ago. One of the got hacked, maybe prime dice, can't remember. The just dice guy was Canadian I think and posted on bitcoin talk. Easy money can be made on this but I CBF researching right now. Basically the risks are: freak win by gambler, contract hacked, owners backdoors contract. Over enough time the freak win evens out cos they also have freak losses - I have heard people say these sites could make money without any juice in the odds cos gamblers can't walk away. Backdoor in contract should be easy to spot. Contract hacking I have nfi and is just part of the territory I guess. May chuck some ether in. How is Eos better for this?

>>8996484
C++ & EOS will be awesome cause we will offer games like blackjack, instead of simple button pressing games like slots/dice. Playing a 5 minute hand of blackjack on-chain sounds awful lol

I've been writing solidity code for awhile, and we had a bug bounty program with multiple auditors participating.

But you're right, solidity can be a huge mess, but again I've been doing this for awhile and these contracts should be pretty air-tight, at this point in time. Contracts aren't guaranteed to get hacked by any means, there are just a lot of bad coders out there

Anyone know where I can gamble ether in a sportsbook like direct bet? I want no login sports betting, not Ladbrokes or pro shop

>>8996547
Yeah, we have done a bunch of bug audits & bounties with very large payouts, so these contracts should be pretty air tight. But yes, always a risk, of course. JustDice and whatever else required full trust from the people contributing though, they could have walked with the BTC at any moment. At least these contracts are trustless.

Yeah, there can be freak wins, but over time, the statistics should work out that you make a decent sum of money.

EOS will be better because bets are instant. So we can offer blackjack, table poker, craps, basically any casino game! Right now we can only offer dice and slots, because everything else is too slow. Also, there is no gas on EOS, so it will be free to bet (instead of paying a few cents in gas costs) Same idea though!

bankroll is here: https://www.eosbet.io/bankroll.html if you're interested!

>>8996567
The best no-login sports book IMO would be nitrogensports.eu ... however they only take BTC I believe. Really straightforward (though you should make a username and pass so if your cookies get deleted you still have your account)

We plan to offer a sports book on-chain when we move to EOS (no on-chain sports books, yet...)

>>8996359
Basically I put money to y and gamble on them but I only can take 80% of the profit I made?

Why the fuck should I do that when I can use another site that let me take 100% profit ?

>>8996603
So that 20% we are taking is being funneled into advertisements. We are featured on dapptrack.com right now. A lot of bettors have came from there, and that cost us 0.1 eth to put the listing up. So just treat it as a general purpose marketing fund.

I don't know of any other sites that have this mechanic, nor any other sites where you can do it trustlessly and get your eth back, guaranteed. Feel free to show me one!

Sites like etheroll TAKE your ether (in their crowdsale) and take 30% cut from the profits. We DO NOT TAKE your ether, and only take a 20% cut.

>>8996603
Dude if you just gambling normally, you get full 100% of the money you make. You can play slots or dice right now. Only the bankrollers get a small cut taken, but the bankroll has already made 1.5 eth this week AFTER the 20% cut

>>8996445
>They made a stupid amount of money with this same idea. Just-Dice is still running currently and doing very well for itself, Except Just-Dice has a very trustworthy reputation and already has a ton of whale investors.

on Just-Dice the commission is also only 10% instead of 20% on your gambling site.
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