Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. - page 4.

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: Mooshire on September 19, 2013, 09:21:29 AM

Quote from: 🏰 TradeFortress 🏰 on September 19, 2013, 02:01:30 AM

Quote from: zackclark70 on September 19, 2013, 01:57:32 AM

Quote from: Zaih on September 19, 2013, 01:54:14 AM

Quote from: zackclark70 on September 19, 2013, 01:53:02 AM

have you not considered that could have been testing the website ?

Yeh a sneaky 10,000 bets a day testing.

There's a testnet for a reason

if they are testing each bet to make sure when it wins it pays out and there is a bet that is 20,000-1 that could be over 20,000 bets just to test that 1 bet

( not sure what the odds on there bets are as I haven't been on the site )

No.

In the future please don't comment on matters you don't understand.

Can this be a forum-wide rule?

I think this rule applies to all intelligent conversations anywhere in the world Roll Eyes

Mooshire

sr. member

Activity: 322

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on September 19, 2013, 02:01:30 AM

Quote from: zackclark70 on September 19, 2013, 01:57:32 AM

Quote from: Zaih on September 19, 2013, 01:54:14 AM

Quote from: zackclark70 on September 19, 2013, 01:53:02 AM

have you not considered that could have been testing the website ?

Yeh a sneaky 10,000 bets a day testing.

There's a testnet for a reason

if they are testing each bet to make sure when it wins it pays out and there is a bet that is 20,000-1 that could be over 20,000 bets just to test that 1 bet

( not sure what the odds on there bets are as I haven't been on the site )

No.

In the future please don't comment on matters you don't understand.

Can this be a forum-wide rule?

fuggedit

full member

Activity: 126

Merit: 100

Do as I say to do--But don't. (Mind Blown)

pinballcoin does this same thing

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Quote from: b!z on September 19, 2013, 07:04:08 AM

It's pretty much a clone of Satoshidice, so it would not be surprising to see that they've faked other things such as volume.

At least they appear to be paying out bets for now.

plus satoshicircle

b!z

legendary

Activity: 1582

Merit: 1010

It's pretty much a clone of Satoshidice, so it would not be surprising to see that they've faked other things such as volume.

At least they appear to be paying out bets for now.

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

Thanks Tf for pointing out the issue that I have doubted along. I have been some time since betcointm is out. Those floating transaction is quite mysterious as the frequency is similar to the freq of SD. meanwhile this is seen before the ad was bought in bitcointalk. Plus AFAIK it also optimize for Chinese user with Chinese interface. But there aren't ads on there either. This unveiling finally gives me a full pic on wtf is really happening.

Betcointm. This is my comment. If you think that this method is ethical for you to do your work in Bitcoin. And it is ethical and responsible for you to also copy everything out there and attempt to start a new business out of it with a copied from ground up script interface etc. you really shall not be a bitcoiner.

Ps. Think about gigabytes of desktop hard disk space across the world have been wasted just by your irresponsible action to start this unethical business.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: zackclark70 on September 19, 2013, 02:39:13 AM

Quote from: 🏰 TradeFortress 🏰 on September 19, 2013, 02:20:27 AM

Quote from: zackclark70 on September 19, 2013, 02:14:07 AM

what I am saying is fact if the odds of wining a bet are 2,000-1 statistically speaking you would need 2,000 bets to win it might take 1 bet it might take 4,000 but it would be irresponsible of them to open a website that has not been tested with a high volume of transactions

I have just looked on there site and the highest multiplier is 64,000 so if they were testing that one until they win it could take a lot ore that 64k bets to win it

you will never really know what they are doing unless they tell you

If you're a programmer you know that you don't need to test 64,000 times to verify it does payout. They're certainly using the same code for 97% as 0.001%, just with a different variable.

There is no legitimate excuse to botting this amount of bets. If Peter Nolan disagrees, he's welcome to explain.

what about testing high volume transactions / people scrypt betting

Purely testing high volume transactions isn't something you'd do continuously, as you're paying substantial TX fees.

There's no 'people' script betting - there is one person. Nearly all bets on Betcoindice can be traced back to one script.

Quote

Trade, you didn't have to block my messages..lol

I hope you didn't take that me attacking you...Although it did seem like it, it wasn't my intention too.
Just wanted to share my experience I've had there so far.

I block forum PMs, if you'd like to contact send me an email!

teck

member

Activity: 74

Merit: 10

Trade, you didn't have to block my messages..lol

I hope you didn't take that me attacking you...Although it did seem like it, it wasn't my intention too.
Just wanted to share my experience I've had there so far.

zackclark70

legendary

Activity: 868

Merit: 1000

ADT developer

Quote from: 🏰 TradeFortress 🏰 on September 19, 2013, 02:20:27 AM

Quote from: zackclark70 on September 19, 2013, 02:14:07 AM

what I am saying is fact if the odds of wining a bet are 2,000-1 statistically speaking you would need 2,000 bets to win it might take 1 bet it might take 4,000 but it would be irresponsible of them to open a website that has not been tested with a high volume of transactions

I have just looked on there site and the highest multiplier is 64,000 so if they were testing that one until they win it could take a lot ore that 64k bets to win it

you will never really know what they are doing unless they tell you

If you're a programmer you know that you don't need to test 64,000 times to verify it does payout. They're certainly using the same code for 97% as 0.001%, just with a different variable.

There is no legitimate excuse to botting this amount of bets. If Peter Nolan disagrees, he's welcome to explain.

what about testing high volume transactions / people scrypt betting

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: zackclark70 on September 19, 2013, 02:14:07 AM

what I am saying is fact if the odds of wining a bet are 2,000-1 statistically speaking you would need 2,000 bets to win it might take 1 bet it might take 4,000 but it would be irresponsible of them to open a website that has not been tested with a high volume of transactions

I have just looked on there site and the highest multiplier is 64,000 so if they were testing that one until they win it could take a lot ore that 64k bets to win it

you will never really know what they are doing unless they tell you

If you're a programmer you know that you don't need to test 64,000 times to verify it does payout. They're certainly using the same code for 97% as 0.001%, just with a different variable.

There is no legitimate excuse to botting this amount of bets. If Peter Nolan disagrees, he's welcome to explain.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: teck on September 19, 2013, 02:13:34 AM

I don't get what your trying to get at or what the problem is?

I actually done very well playing there on good days. Support (Peter) is always quick on issues that I have had and been
taking care of. If what your saying is true I don't see what the big deal is. If creating fake traffic brings in customers and he pays
all winning bets, more power to him. BTC gambling sites are starting to pop-up every where and if that gives them the edge to bring more players then it's better than paying for advertising. Or maybe he just likes to move his big bank roll around when he gets bored..heh

The site is legit, I've cashed out large amounts this month and it's been paid on every cashout with a 2min wait before hitting my wallet.

The place is always my first stop whenever I got some spare change to waste.

Unless I'm missing something?

I disagree. I believe that is unethical, dishonest and indicates untrustworthy behavior.

zackclark70

legendary

Activity: 868

Merit: 1000

ADT developer

Quote from: 🏰 TradeFortress 🏰 on September 19, 2013, 02:01:30 AM

Quote from: zackclark70 on September 19, 2013, 01:57:32 AM

Quote from: Zaih on September 19, 2013, 01:54:14 AM

Quote from: zackclark70 on September 19, 2013, 01:53:02 AM

have you not considered that could have been testing the website ?

Yeh a sneaky 10,000 bets a day testing.

There's a testnet for a reason

if they are testing each bet to make sure when it wins it pays out and there is a bet that is 20,000-1 that could be over 20,000 bets just to test that 1 bet

( not sure what the odds on there bets are as I haven't been on the site )

No.

In the future please don't comment on matters you don't understand.

what I am saying is fact if the odds of wining a bet are 2,000-1 statistically speaking you would need 2,000 bets to win it might take 1 bet it might take 4,000 but it would be irresponsible of them to open a website that has not been tested with a high volume of transactions

I have just looked on there site and the highest multiplier is 64,000 so if they were testing that one until they win it could take a lot ore that 64k bets to win it

you will never really know what they are doing unless they tell you

teck

member

Activity: 74

Merit: 10

I don't get what your trying to get at or what the problem is?

I actually done very well playing there on good days. Support (Peter) is always quick on issues that I have had and been
taking care of. If what your saying is true I don't see what the big deal is. If creating fake traffic brings in customers and he pays
all winning bets, more power to him. BTC gambling sites are starting to pop-up every where and if that gives them the edge to bring more players then it's better than paying for advertising. Or maybe he just likes to move his big bank roll around when he gets bored..heh

The site is legit, I've cashed out large amounts this month and it's been paid on every cashout with a 2min wait before hitting my wallet.

The place is always my first stop whenever I got some spare change to waste.

Unless I'm missing something?

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: zackclark70 on September 19, 2013, 01:57:32 AM

Quote from: Zaih on September 19, 2013, 01:54:14 AM

Quote from: zackclark70 on September 19, 2013, 01:53:02 AM

have you not considered that could have been testing the website ?

Yeh a sneaky 10,000 bets a day testing.

There's a testnet for a reason

if they are testing each bet to make sure when it wins it pays out and there is a bet that is 20,000-1 that could be over 20,000 bets just to test that 1 bet

( not sure what the odds on there bets are as I haven't been on the site )

No.

In the future please don't comment on matters you don't understand.

zackclark70

legendary

Activity: 868

Merit: 1000

ADT developer

Quote from: Zaih on September 19, 2013, 01:54:14 AM

Quote from: zackclark70 on September 19, 2013, 01:53:02 AM

have you not considered that could have been testing the website ?

Yeh a sneaky 10,000 bets a day testing.

There's a testnet for a reason

if they are testing each bet to make sure when it wins it pays out and there is a bet that is 20,000-1 that could be over 20,000 bets just to test that 1 bet

( not sure what the odds on there bets are as I haven't been on the site )

Zaih

hero member

Activity: 504

Merit: 500

Quote from: zackclark70 on September 19, 2013, 01:53:02 AM

have you not considered that could have been testing the website ?

Yeh a sneaky 10,000 bets a day testing.

There's a testnet for a reason

Zaih

hero member

Activity: 504

Merit: 500

Quote from: aksplace on September 19, 2013, 01:50:28 AM

Quote from: 🏰 TradeFortress 🏰 on September 19, 2013, 01:46:27 AM

Quote from: aksplace on September 19, 2013, 01:44:23 AM

What is the purpose of doing such? I would assume to "Appear busy" ? I guess I don't understand as the founder would surely not waste his time making .03 bets all day. Just for the record they do promote in a lot of locations.

I suggest reading the OP and looking up the addresses I mentioned before responding. The founder of course isn't manually betting, but rather it's an automated script to get on the frontpage of blockchain.info and create the impression that it is legitimate from it's "popularity".

Are you making the assumption they are jamming up block-chain to stop results from being submitted to other competitors? Your right maybe I do need to read up on this but I would be truly fooled to think this gentleman up to no good like this.

No... Go to blockchain.info (One of, if not the most popular Bitcoin related site). Now look on the front page, one of the first things that grab your attention is the recent transactions (Since it's moving and shit). Now you'll see that every few seconds a "Bitcoindice" or w.e address comes up. This is essentially a continuous advertisement on the biggest Bitcoin website. Not only is it an advertisement, it is an indirect advertisement (The best types), people think that Betcoin.tm is legit since other people are using it, they're not claiming anything themselves; they're letting others make the claims for them.

To the average user, they will now assume that Betcoin.tm is a great place to bet Bitcoins.

zackclark70

legendary

Activity: 868

Merit: 1000

ADT developer

have you not considered that could have been testing the website ?

aksplace

sr. member

Activity: 602

Merit: 260

Quote from: 🏰 TradeFortress 🏰 on September 19, 2013, 01:46:27 AM

Quote from: aksplace on September 19, 2013, 01:44:23 AM

What is the purpose of doing such? I would assume to "Appear busy" ? I guess I don't understand as the founder would surely not waste his time making .03 bets all day. Just for the record they do promote in a lot of locations.

I suggest reading the OP and looking up the addresses I mentioned before responding. The founder of course isn't manually betting, but rather it's an automated script to get on the frontpage of blockchain.info and create the impression that it is legitimate from it's "popularity".

Are you making the assumption they are jamming up block-chain to stop results from being submitted to other competitors? Your right maybe I do need to read up on this and apologize for jumping in. I just don't believe the fact this gentleman or company would be involved in dirty business.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: aksplace on September 19, 2013, 01:44:23 AM

What is the purpose of doing such? I would assume to "Appear busy" ? I guess I don't understand as the founder would surely not waste his time making .03 bets all day. Just for the record they do promote in a lot of locations.

I suggest reading the OP and looking up the addresses I mentioned before responding. The founder of course isn't manually betting, but rather it's an automated script to get on the frontpage of blockchain.info and create the impression that it is legitimate from it's "popularity".

Topic: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. - page 4. (Read 7759 times)