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Topic: Casinobit - LIVE ROULETTE - [INVEST] - BEST CASINO OF 2013 - page 8. (Read 82420 times)

member
Activity: 62
Merit: 10
Alright, at least I am on the list (1HzG4GYBUz5XxgfFvSVoNcpQaZdsioysPc). It is, however, interesting that my balance is negative:



Could you provide a satisfactory explanation on that? Besides, did anyone else notice that their balance was negative?
sr. member
Activity: 364
Merit: 250
ANY WORD Huh

Adjusted list of debt:
Quote
80   1NAzs4DoBwfjQdxuosvSuJ88sxSzhNpZYk   96.*.*.*   0.0099999999999998
99   1HxhLAxqJ8gT8ZKpgm3aPynsVFmy9ciije   213.*.*.*   4.2694
113   1wyG2it97qxc5G6EBu8mZraXHeAVdfQ7f   172.*.*.*   2.2924
118   123LVfbtMd9WF4svnuEoj1KY7S4cyyvzkr   82.*.*.*   13.8002754
120   1JnP6mM7sLAsPsxp4TeTcpvqbC2QGXFKJW   125.*.*.*   0.4839
134   1DnuKtuLSXVQpvkKguJ5pd9tDXEXBLUXfJ   184.*.*.*   2.0138
135   1EWiAVkoTXyb8sdf9e2j8m9DeGsLUfgruB   71.*.*.*   0.1
142   1Nw3PNuczFz3hYYxNXQrjATvQ3PemMaRNt   216.*.*.*   5.5707
150   1P1KH8UZqb3foEJbk9JyGrnPpmQCy95AVy   85.*.*.*   3.1609
157   1FhzzHBWxQtuEL2cRWDNN3X9v2H5qJmdhh   109.*.*.*   2.6221
158   1NJqwk7HFeiV93nub5JDetqdt4Q3WRA6fc   192.*.*.*   0.1
173   14FHLkgPDDvpqo6eVSMfsHxZssA4Cq9baC   178.*.*.*   6.2326
174   15LbyDqhDuv1B18u2jP8tkDPvxWakfwcXC   88.*.*.*   0.5075
183   1E9tuhxqCZEgnJ2nBtkD6da3XdJDgToaYt   217.*.*.*   40.8236
186   16BqbwPfzw1SfAsd5yFioS7tjpx494RquC   112.*.*.*   42.3059
198   13egaokWSP5hD1KisRisuZCRGnA28scsGW   122.*.*.*   1.1412
205   1DxMuMPJBqhkxVj23RCunBwbxuqM9q38j9   134.*.*.*   5.9523
207   13WsM8yupaWVdb2Zmjtw8E5RNADnjgTU6s   50.*.*.*   38.7367
209   14EuCT7wYFxdYjDqdFMLpi86nXenoqFrta   68.*.*.*   16.94
220   16M1gFX2Ny35iNYYVtDdxiuZDtDvhk2cN5   96.*.*.*   0.5
222   1AZTgbu9p6o645HCsKM8WkAUAGdMvKj38u   58.*.*.*   0.2378
225   113JkSU96BC2uuU4NDp7GemptFShYKrvgk   60.*.*.*   9.9731
226   1GEMyDDMGcw5gquzzZ4CkGpEoc8PpPKsNL   120.*.*.*   0.999
236   1NwGftK8zgk292Y1BBwEVq7SkBdN12Lb5Y   122.*.*.*   0.0005
239   16jcjqKS8nYvKB8eTNYi43EJqr1K3EKG8B   186.*.*.*   0.0033387
242   1DKjAXNSX1ewuJse4Jwp4rgJ7kJExRH3Q9   82.*.*.*   2.7462
257   1HBCmTr9MrxjVT8RF8ibYfgVf6Mg8dCL4k   89.*.*.*   0.5056
259   1ExC1tvT9j6bok6kuvgF8bojLMbvWQrC6F   66.*.*.*   0.006
277   1BYKFu7YftotUgpfUbTNzXsHSbsivC85jm   71.*.*.*   0.9624
282   1HzG4GYBUz5XxgfFvSVoNcpQaZdsioysPc   84.*.*.*   10.7652
285   1JN6qJn2aaKmdfwvt1Yf72NxjjHkxFx8j   212.*.*.*   3.66102
291   1BcXcgU4qLTEPePHxgvBHkFcbxoE5R5o1o   99.*.*.*   0.789
292   1C9UPuszGzHt2kCZ2WDeUTeKNrrKYaFfX1   200.*.*.*   0.1
293   1Bxz9hb166fJnaydJos6zyaurGFJ1g993v   207.*.*.*   1.0235
305   1NgBfgWjzg8isq1yNvzKDA5aihtdWYqPaq   173.*.*.*   0.5995
311   1Fts9SctD4dCwgkAnAP4fJN3RG8nTYVtp9   76.*.*.*   1
318   1E5gs5BJHJoPYmnFaAK5sPPF4MAKEieG98   218.*.*.*   1.105
322   1LD9gqQefKa7GLvSdWdYjW2HfWWvfTJNas   81.*.*.*   0.01
338   1Gffikf3mMF81To4w2fXYcf913UvW1FodF   213.*.*.*   0.1
342   17Q9NfyxS4DEo7W7hPkyHLcyRdPVFddA8h   24.*.*.*   0.1007
351   1Fx7wWjaaRot5FYVXLsEpJUXLW5bgbLanj   78.*.*.*   0.4
355   1FWwfQrFaex1NSjJJbFrr8vgmcYVk8yN79   146.*.*.*   0.09722721
370   14BYKCosDxfWgyRcUzFmHkLapJ8NQWC853   71.*.*.*   0.0334
184.04

Bettors are not on it, (you) bettors are at still at the top priority and still will be paid out.
sr. member
Activity: 364
Merit: 250
What people don't seem to understand is that these things happen, if Dooglus wouldn't have 110k sitting on the table at the time of the error he would probably find himself in the same situation.

I'm not sure what you're talking about, but I've never had more than 58k at Just-Dice.com.  Just-Dice's system has never been run in a ponzi style.  The invested coins are almost all in a well-known cold wallet address, where the investors can see them.  Investors are free to withdraw whenever they like (subject to me being awake and online of course, if they need to withdraw more than is in the hot wallet).

I've been trying to stay out of this whole mess recently, and would appreciate it if you'd leave me out of it if at all possible.  Please don't try to draw parallels between Just-Dice and casinobit.  There are none.

When you criticize someone elses casino then surely it gives us permission to criticize yours back. But I can honor the request.
legendary
Activity: 2940
Merit: 1333
Dooglus allowed bets to be placed that never should have been placed; the simple solution was to "undo" those bets.

I was not talking about that incident, I was referring to the time when he forgot to remove the BTC from the balance of a player leading to him withdrawing twice, ultimately costing Dooglus 120,000$ which is nearly 4 times more than our debt and some might call his mistake even more foolish than ours. The only difference is that I didn't have a spare ~400BTC to put into the business

You're both talking about the same incident, only FloridaBear understands what really happened.

There was no "withdrawing twice" or "$120k cost".  I accidentally allowed a player to have a 1300 BTC freeroll, and then cancelled the bets he placed.  It didn't cost anyone anything.  Yes it was a mistake, and yes it was foolish.  Other than that you have almost every detail wrong.
legendary
Activity: 2940
Merit: 1333
What people don't seem to understand is that these things happen, if Dooglus wouldn't have 110k sitting on the table at the time of the error he would probably find himself in the same situation.

I'm not sure what you're talking about, but I've never had more than 58k at Just-Dice.com.  Just-Dice's system has never been run in a ponzi style.  The invested coins are almost all in a well-known cold wallet address, where the investors can see them.  Investors are free to withdraw whenever they like (subject to me being awake and online of course, if they need to withdraw more than is in the hot wallet).

I've been trying to stay out of this whole mess recently, and would appreciate it if you'd leave me out of it if at all possible.  Please don't try to draw parallels between Just-Dice and casinobit.  There are none.
member
Activity: 125
Merit: 10
ANY WORD Huh

Yes theres word, he's a scammer that used everyone's money to fund another casinos bankroll.
sr. member
Activity: 259
Merit: 250
full member
Activity: 140
Merit: 100
sr. member
Activity: 364
Merit: 250
Deleted my post by mistake.

So, Mr. Casinobit has 100 BTC and told us that the people who bet on his site are the people in highest priority set to be paid.
Why not just pay them now?
Huh


Because he is investing the 100btc in another casino

Just to clear this up, I am not investing the 100BTC in another casino, I am putting the 100BTC into the bankroll of the casinos new owners.

What people don't seem to understand is that these things happen, if Dooglus wouldn't have 110k sitting on the table at the time of the error he would probably find himself in the same situation.

Hard to understand how you can equate Dooglus' mistake with your gross mismanagement and failure to pay back real BTC. Dooglus allowed bets to be placed that never should have been placed; the simple solution was to "undo" those bets. Nobody lost any BTC that they shouldn't have gained in the first place. You allowed a completely broken investment system to severely overpay early investors and allowed bettors to bet BTC that was not paid out when they won. Dooglus took about 48 hours to make things right; we still have no idea how long you will take (if ever).

I was not talking about that incident, I was referring to the time when he forgot to remove the BTC from the balance of a player leading to him withdrawing twice, ultimately costing Dooglus 120,000$ which is nearly 4 times more than our debt and some might call his mistake even more foolish than ours. The only difference is that I didn't have a spare ~400BTC to put into the business, this is certainly not an excuse and I am very sorry for freezing the balances but that was not the point, the point was that these things do happen.
member
Activity: 125
Merit: 10
When dooglus made a mistake he admitted his mistake and came clean about it immediately, he also rectified it immediately. You kept the site going knowing that you were taking money from people that you couldn't afford to repay. It is not a matter of you not having the spare 400BTC, it's that you knew you were robbing people and you had no problems with it. Like many others have stated in the past if you came clean early on people would be willing to work with you, but you choose another route. Therefore you are scammer. Explain to me again how u can try to compare yourself to other legitimate site operators?

All the people that have opened accounts and deposited BTC more than a week after the incident have been paid out immediately upon withdraw as I recall.

Really why don't you start reading around page 41 of this thread. See how much you recall after that.
sr. member
Activity: 364
Merit: 250
Hey, CasinoBit, bitcoin price is going way down, like back to 20 or 30 dollars, now can you afford pay everybody and save your casino? Bitcoin is going to be real cheap...

I have heard about the incident, sounds like FUD to me. BTC will stay up regardless, it will certainly not fall to 20-30.
legendary
Activity: 2786
Merit: 1031
Hey, CasinoBit, bitcoin price is going way down, like back to 20 or 30 dollars, now can you afford pay everybody and save your casino? Bitcoin is going to be real cheap...
member
Activity: 125
Merit: 10
When dooglus made a mistake he admitted his mistake and came clean about it immediately, he also rectified it immediately. You kept the site going knowing that you were taking money from people that you couldn't afford to repay. It is not a matter of you not having the spare 400BTC, it's that you knew you were robbing people and you had no problems with it. Like many others have stated in the past if you came clean early on people would be willing to work with you, but you choose another route. Therefore you are scammer. Explain to me again how u can try to compare yourself to other legitimate site operators?
legendary
Activity: 924
Merit: 1000
Think. Positive. Thoughts.

I think I have a claim to 5% of profits prior to the "investment" feature. I'm not entirely sure how much that is and I don't really want to look through the records to find out. The contract is dated May 9th when around 50btc were wagered on the site and I think the site funds were pulled prior to the investment feature at around 1500btc wagered.

Maybe this has no/little value, I don't know.

Would concur with that but did you recieve BTC back after "investment" feature, because that is on you to recover prior to investment option releasing in my opinion, ultimately you are still in a bad place.

Ultimately though you own 5% of the company and have made that public now, not just invested in it as per you apparent contract. If I was you I would not "extort" (even though you appear not to be), your 5% of the company, I would as a sign of good faith be willing to release information of Casinobit as a way to protect yourself, because now people have someone with known involvement and easily could attack you to get to him.

I received no return on my ownership stake, but I expected to. I would like to sell the stake for as much as I can get. I will only release information to the buyer.

Who in there right mind is going to pay you money for something that is going to incur them more debt in the future. If you own 5% equity of the business you inturn own 5% of there liabilities as well.

There is a significant lack of understanding about types of companies and liabilities with regard to company debt vs. profit here.
member
Activity: 125
Merit: 10

I think I have a claim to 5% of profits prior to the "investment" feature. I'm not entirely sure how much that is and I don't really want to look through the records to find out. The contract is dated May 9th when around 50btc were wagered on the site and I think the site funds were pulled prior to the investment feature at around 1500btc wagered.

Maybe this has no/little value, I don't know.

Would concur with that but did you recieve BTC back after "investment" feature, because that is on you to recover prior to investment option releasing in my opinion, ultimately you are still in a bad place.

Ultimately though you own 5% of the company and have made that public now, not just invested in it as per you apparent contract. If I was you I would not "extort" (even though you appear not to be), your 5% of the company, I would as a sign of good faith be willing to release information of Casinobit as a way to protect yourself, because now people have someone with known involvement and easily could attack you to get to him.


I received no return on my ownership stake, but I expected to. I would like to sell the stake for as much as I can get. I will only release information to the buyer.

Who in there right mind is going to pay you money for something that is going to incur them more debt in the future. If you own 5% equity of the business you inturn own 5% of there liabilities as well.
sr. member
Activity: 420
Merit: 250
So, Mr. Casinobit has 100 BTC and told us that the people who bet on his site are the people in highest priority set to be paid.
Why not just pay them now?
Huh


Because he is investing the 100btc in another casino
full member
Activity: 140
Merit: 100
So, Mr. Casinobit has 100 BTC and told us that the people who bet on his site are the people in highest priority set to be paid.
Why not just pay them now?
Huh
legendary
Activity: 924
Merit: 1000
Think. Positive. Thoughts.
Also eroxors your identity is very very easy to get, if I lost coin on this my lawyer would have already been contacting you.  Post the contract and redact as much of you information as possible.

Otherwise you going to get hammered in legal costs imo.

I have nothing to hide. The ownership share is a non-voting stake as payment for a loan.

My original offer remains, I will not change it.
elm
legendary
Activity: 1050
Merit: 1000
Also eroxors your identity is very very easy to get, if I lost coin on this my lawyer would have already been contacting you.  Post the contract and redact as much of you information as possible.

Otherwise you going to get hammered in legal costs imo.

what You are actually saying is that Your lawyer will get hold of dooglus, casinobit etc?

sr. member
Activity: 420
Merit: 250

I think I have a claim to 5% of profits prior to the "investment" feature. I'm not entirely sure how much that is and I don't really want to look through the records to find out. The contract is dated May 9th when around 50btc were wagered on the site and I think the site funds were pulled prior to the investment feature at around 1500btc wagered.

Maybe this has no/little value, I don't know.

Would concur with that but did you recieve BTC back after "investment" feature, because that is on you to recover prior to investment option releasing in my opinion, ultimately you are still in a bad place.

Ultimately though you own 5% of the company and have made that public now, not just invested in it as per you apparent contract. If I was you I would not "extort" (even though you appear not to be), your 5% of the company, I would as a sign of good faith be willing to release information of Casinobit as a way to protect yourself, because now people have someone with known involvement and easily could attack you to get to him.

I received no return on my ownership stake, but I expected to. I would like to sell the stake for as much as I can get. I will only release information to the buyer.


What uvwvj says, and what seems to be the situation is: 1. You are eligible to receive payment as per your agreement with Casinobit at the signed terms (We don't know what they are). At the same time 2. You are liable for 5% of the debt of the company since you own 5% equity in it.

However, it seems like Casinobit scammed you too, because if you were entitled to a part of the profit, and given that the Investment scheme does not have any dedicated house % from the profit (that is all investors hold 100% of the profit share), and you say that your loan was deducted from the balance before the investment scheme started, then theoretically you would have never received any profit from your agreement with Casinobit because all profit would be automatically shared between the current investors. And in this case, this logically cancels your liability towards the other players/investors, since you have been scammed too.

In my opinion given the circumstances, your equity is not sellable as the buyer will automatically be involved in a legal nightmare, especially now that Casinobit is selling the site, and investing the stolen bitcoins in a third party.
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