So you addressed the first part of my point. I stand corrected on that.
I agree with you on the rest of your point:
This bet "verification" ED is talking about sounds only like an attempt to find an reason not to pay. If someone lost money to ED and requested a "verification" of all the bets, how do you think that would have went down? Everyone would have accused them of just being butthurt over losing money and there would have been a whole lot of "well you knew the risks of gambling, yada yada..." What a ridiculous double standard. ED advertises "provably fair" so how is there a need for verification in a provably fair system? In the event of a site leak or whatever everyone is on about, that's the site owner's fault. You can't tell gamblers "you knew the risks of gambling, it's your loss for being bad at it" then not tell the site owner "you knew the risks of running a gambling website, it's your loss for being bad at it."
It's not my place to address that. I run the biggest BTC dice site, Just-Dice.com; I first came up with the idea of having visitors bankroll the site which everydice and many others have copied (and usually messed up), so when I saw you misunderstanding how that works I stepped in to explain it better.
As for regularly proving solvency, of course that's a good idea. Any site that doesn't do it should be treated with suspicion. It's easy to do, so why not do it?
Every Sunday Just-Dice publishes a
list of investor balances, so you can check that your investment is included in the total, and we keep the coins in
a well known address which we have signed with a message proving it is ours, so you can check that we really do have them all.
JD is as safe as it gets for a Bitcoin casino
Every Sunday Just-Dice publishes a
list of investor balances, so you can check that your investment is included in the total, and we keep the coins in
a well known address which we have signed with a message proving it is ours, so you can check that we really do have them all.
That's the way to do it.
Does JD take a percentage of all wagered bets (win or lose) like ED did, or only percentage of profit?
"Commission is charged when profits are divested, or at midnight (UTC) on Sunday each week, whichever happens sooner. Commission is never charged twice on the same profits. For example if you invest 100 BTC and it grows to 110 BTC by the end of the first week, you will be charged 10% of your 10 BTC profit. If your remaining 109 BTC investment then shrinks to 105 BTC over the next week, you will not be charged any commission at the end of that week. And then, if it grows to 119 BTC by the end of the 3rd week, you will only be charged 10% commission on the new 10 BTC of profit over the previous high of 109 BTC. At any point you could divest up to your original investment of 100 BTC without being charged commission since we consider that when divesting you divest the original investment first, and profits later."
BTW 1Dice1 was referred so someone made 5BTC out of its betting?
Did someone else win more than 0.5 on ED so far?