Topic: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. - page 2. (Read 7726 times)

blockchain spam is healthy it will help bring up the tx fees and make mining more profitable, the increase of difficulty making mining not so profitable which might hurt the miners, tx fees will help mininers recoup profits and thus helping bitcoin stay alive and secure, and decentralized,

betcoin is a great company, you cannot prove it was them ddossing, anyone can ddos, i really doubt they would ddoss there competetion, they are great at what they do, theres no reason for them to hurt there competition, theeres plenty of space for more companies to open up, as long as they are legit and fair and honest and trustworthy reliable polite and professional they will have customers,
and betcoin definetly fits those roles... so they will have customers theres no reason for them to hurt other businesses, they are fine without doing that...

elazar

You guys keep bringing up all these OTHER issues.  If they are ddos that's bad but not the topic here.  @gollum you bring up vegas casinos.  They do plenty of free give aways that do exactly what you claim is unethical.  That is have people in there that aren't gambling to make the place look busy.  They pump in pure oxygen and use other visual and aeromatic stimulus to keep you excited.  They get you drunk in order to impare your judgement.  So what can be considered a physical invasion of my body is ethical to you but a site that spams the blockchain as a form of indirect advertising isn't?  @001sonkit coke puts plenty of chemicals into it's drinks to get you hooked but I don't see how blockchain spam is equivalent to delivering stuff to your front door which by the way 100s of companies do and it's called direct mail advertising.  With blockchain spam you don't need to do anything to clean it up.  In fact you can just ignore it.  Also I don't get it 1st you say you don't want lots of transactions then you say bitcoin will be more popular and there will be more transactions.    Blockchain spam is a whole other issue.  For example I think it's silly to try to adapt bitcoin to use for micro payments like your morning coffee when there are plenty of other methods that do a great job already but I'm not for centralized decision making about it since it defeats the whole purpose of bitcoin.  TF has taken upon himself a thankless and never-ending job of pointing out scams.  It's admirable but I've yet to see anyone offer a good rebuttal to my point that self caused blockchain spam as a form of advertising is somehow unethical.

It is just you not using BitcoinQT, think in other people's shoes. TF has been a good watchout for potential harm to Bitcoin. And this is certainly one (not to mention ripple here, offtopic).

Not only dealing with this particular company with chain-spamming (and competitor site DDosing, incl SatoshiDice, Satoshi Circle, PrimeDice, inputs.io, peerbet and just-dice). The Bitcoin itself have to think of how to deal with these kind of thing in future when Bitcoin is more popular with more transation (and assholes who do things for their own sake without thinking about other's)

If this is ethical. These above should happen to you and you will know what is ethical. Having everyone hard drive filled with shit data and taking out others service is surely ethical.

EDIT: If TF is a hater, he would either have a stong conflict of interest (for example he owns a casino), have shown good history of pissing on others' post without solid claim. Only facts matter, and TF is surely opening a post with matter but not pointing fingers like a hater saying something is a crap.

He's not faking the bet outcome (win/lose) AFAIK, so it won't look like a lot of people is winning, just a lot of people playing.

If a bitcoin site aspires to become the no.1 gaming site, it should lead by example.
Instead Massive Luck Investments are doing the worst possible thing you can do to bitcoin:
-spamming with lot of nonsense.
-faking bets. imagine employees at Caesars Palace in Vegas playing fake games to give the impression that there are many customers and lot of people winning. Would it be acceptable?

This is not unethical.

Like the man said if they pay their fees they can do what ever transactions they like.

Personally I think it is smart and the OP is a hater.

If coke do advert it is fine. But when coke deliver a box of it to every household door step where they didnt order it they have to move it away or whatever. It is about the ethics of advert. It is acceptable you step on your other competitors. But when you add poision in other soft drink factory sugar source. And how you advertise it is widely causing negative impact on others. This is the issue.
Hope this is not to vague for you to read

Correct Horse Battery Staple
http://blockchain.info/address/1JwSSubhmg6iPtRjtyqhUYYH7bZg3Lfy1T

In some restaurants there are more mice than customers

There are good restaurants and there are bad restaurants. When you see there are mice in a restaurant's kitchen, you don't go to eat there.

Even with all the fake bets (I'm not claiming it to be true), they must be doing some crazy profit to pay for all the advertising.

I'm pretty sure DDoSing all of their competition and detractors is enough reason.

betcoin.tm is a great site, i don't understand what you are accusing them of? promoting there own site? nothing wrong with that,
and why would u accuse them anyone could be betting there...

plus they are reliable and trustworthy and very polite and very professional,
i have got payed out plenty of times from them, almost instantly,

ive said this before in other places, but i dont really understand why do you have something against them? are you competition so you trying to put them down?

they never put there comptetition down, if anything just just pick themselves up higher then others, and that makes them greater, they dont put others down to make themselves greater...

why do you have something against them? what did they ever do to you?

well i still trust them i know there a good site, there customer support is great too! never had any problems with them or there games or there support... dont know what your problem is

I wonder if this whole discussion points to a new issue in bitcoin. Several sources have pointed out that China's use of bitcoin is heavily growing. Behind the US, no other country has been downloading bitcoin-qt more.

I think its likely that a large portion of the Chinese bitcoin users will participate in a somewhat closed, internal economy, since it seems that English is the language of choice for most Bitcoiners. There could be a growing information gap in the Bitcoin community.

All of that, to say this: I doubt that telling foreign users to stop using Betcoin is going to damage their business much. Most of their business is probably from this "internal" economy.

Sorry, it just seemed that way.  I don't think it matters though.  As long as they pay miner fees they got a right to it just like you or me.  As far as them tricking their customers that's between them and all business do that to some extent through marketing but like I said its good that there are people in the community able to trace that down in the blockchain and those interested can see the evidence for themselves which is the beauty of bitcoin.

I'm not referring to you and I haven't assumed you're a shill. I'm making a general statement about if one site uses scripts to artificially inflate their betting volume, they should own up to it.

Who?  Me?  ROFL You think I'm shilling for them or something?  Hey I'm glad someone does blockchain tracing and figures this stuff out but I could care less.  Plenty of other interesting bitcoin stuff then to worry about some gambling site.  Most of them I'm sure are a scam anyways.  The whole "provably fair" only proves % going in and out it doesn't mean their own plants aren't the only ones winning.  The more wealth/fiat they are willing to sink into btc the better for my holdings.

Sure, own up to the fact that 95% of your "bitcoins won" and "recent bets" and "big wins" are from your own.

Why?  Wasn't bitcoin created to not be controlled by some central decision maker as to who should use it?  Pay the fee get your trans mined.  Not to mention the only reason this is pissing people of is because another private biz ie blockchain.info posts the transaction wall as their own sort of marketing don't they?  The miners are about to be so screwed with overpaying for asics maybe they'll raise trans fees and problem solved.

There's a difference between users spamming the blocchain and the house spamming the blockchain themselves.

Sorry, I don't get the joke. Are you referring to this? http://xkcd.com/936/