I'm sorry Kryptogames but these numbers show clearly that your method of calculation for dividends is not at the advantage of holders but at your advantage. If the dividends would have been based on the real profits, perhaps we wouldn't have received a dividend everyday but at the end we would have received 4X more as dividend.
And again I'm not agree with you that most of the amount has been generated before the dividend. The payments of the dividend started May 5th : See that post :https://steemit.com/gambling/@cryptoeater/kryptogamers-4731-steem-dividends-on-first-day-663-steem-claimed
And you can see yourself, 2 of the 3 withdrawals (100k STEEM) have been done well after that the payment of dividend has been put in place. And even on the first withdrawal of 60k STEEM, a part of it has been paid as dividend because past wagered amounts have been taken into account and have been paid as dividend in 1 shot May 5th, this is why on the printscreen the amount paid is so big, because it is the sum of all the days not paid before you put in place the payment May 5th.
So yeah I have 3 questions for you :
- Why are you using this theoric house edge to calculate the dividends when you see yourself you are earning much more in reality?
- Why your earnings are 4X more important than this theoric house edge? I'm ok you will talk again about long term but here we are talking about months as reference, not days.
- You are doing burning to try to increase the value of that token which is very low. Don't you think than paying dividends based on the real profits of your casino would increase much more the value of the token than this burning?
@cryptoeater @lexilee @proof-of-work @broncnutz @virus707 @luckystrikes @abrockman @mentalhealthguru @khaleelkazi @trydice @bluesniper @freegon @superlotto @quuu @cryptoknight12 @zzings @holoz0r @seohyungoo @glastar @mini.supporter
You are the TOP20 GAMER token holders, what do you think about all this topic and the possibility to calculate dividends based on the real profits of this casino instead of having it based on the pessimist house edge percentage.
For you information, I'm also in the TOP20, my tokens are just not staked because in the current conditions, I'm thinking to sell them all to invest in other projects more profitable.
I would prefer whatever leads to long-term sustainability. The only reason the house always wins is because they play every game.
I'm staked to be the house.
I traded a large quantity of steemmonster cards for my current position in kryptogamers, and took a chance on the tokens.
I'm in a significantly worse position than what I was had I held the steemmonster cards, but I took a chance.
I had no real expectations, and at the end of the day its just (digital) tokens.
Would I be sad if I got more each day I hit "claim" - No.
The long term upside of HODLING the token is that as more are burned (and as distribution slows down) - the portion of rewards you get relative to the tokens you hold should increase, if volume stays the same.
Like with all things, there's a spike when it is first released and its new, shiny, and everyone wants to play, experiment, and see what they can do.
I'm not about to dump my tokens on the open market, but I'm not about to buy more either. :) Doing so would change the definition of HODL.
I got sucked into this game under the false pretense that it was "provably fair". I know what REAL BlackJack "feels" like. This is not that and I have now decided that to spite the guy who got me into this by promoting the game in his posts ( @vlemon ) I am going to continue playing until I lose all 1,500 Steem I had when I got sucked into this. I just spent the past five hours playing blackjack and have hit maybe ONE or TWO series of 2+ wins. That is NOT in line with REAL Blackjack. I am IRATE over the fact that I got sucked into this, and in rebellion I'm just going to say "FUCK THESE COINS" (as the 1,500 Steem is now "dirty money" as far as I'm concerned) either run it down to ZERO or back up to 1,500. I'm never touching another online gambling app ( blockchain or not ) ever again. In one will I will probably lose a YEAR worth of Steem earned from my posting...
Clarification: For checking your wallet almost daily I can say you that the withdrawals done after 5th May are profits done after 5th May as you only let each time between 20 and 30k of STEEM after each withdrawals on your wallet. So we won't fight about this point but I'm not agree with you.... sorry
Q1 & Q2: Ok let's say no one can predict the results but numbers are showing you are too much pessimist to only take into account the house edge as profit for the dividends ;)
Q3 : I let you raise that question to your community (because it is your project after all) but do you think really token holders won't agree to receive more as dividend ?
Because in all the cases, as you said it yourself, the minimum earning for the casino at the long term will be always the house edge, but it is the MINIMUM and this is what you are using to calculate now the dividends for the holders.
=> So we have no risk at all to have a calculation based on the real profit, just the risk to have more dividends. The only negative point will be that some days we won't have anything, but other days will bring much more STEEM and at the end, we will have for sure more dividends. It is just mathematic. If you are fair in your explanations, I have no doubt at all the token owners will go for this new way of calculation of the dividends... The only negative point is that you will earn less at short term but consider also that it should increase the value of your token and I suppose you have many of them aside ;)
Finally, we can see some intersection between our points. Just one point which needs to be added is that there is NO guarantee of income from the second model as we have had long streaks of loss days and the house edge is not MINIMUM earnings because in dice, as said earlier, we have not earned even the house-edge ("MINIMUM" as you call it) if you sum it up until now. To sum it up, we can think about the changes in the dividend model if the community agrees. Also, with the kind of low volumes right now, it would not make a difference if we switch to either of the dividend model because there would be no dividends without any volume. So our target would be to atleast achieve some sustainable volume before deciding any changes.