Topic: Recent dadice.com development - page 3. (Read 7980 times)

Dicebitcoin used to have a massive campaign as well, this could be a trick to lure more player or investor so that they could get away with alot more btc but it is good that they are now stopping the investment feature, less people will be scam if they decided to run away now

threads like this helps the crypto comunity.




i deal with a lot of crypto gambling sites and dadice has always had me guessing.

nah, they're still getting BTC from the signature.. why would they quit

I find it odd also that they wouldn't publish their cold storage wallet. However with the large amounts of BTC invested in their signature campaign looks like they could be fully invested.

Their site is still new and most likely didnt turn profit yet from the sig campaigns.

Yea with accusation against ndnhc this just seems really bad for dadice, at this point who knows what role has ndnhc really on that site. Furthermore i told them in their thread that they now have an obligation to show funds not because of investments but because of the neg trust. I mean if you were they and you had that amount of neg trust and the only way to get rid of it would be to show the funds, why woulndt you do it?

If i was participating in their sig campaign i would quit asap.

Plus the sig campaign manager got neg rep for extortion, It seems a bad end of the month of dadice.

I've noticed the chatroom has over like 60+ users online but i decided to ask questions and no one responded. I don't know if those are real people who are just in idle mode or bots.. :/

Yup, it feels like its being run by a teenager. The bad coding, the defensive responses and childish "I dont allow investment then" statement.

It is reason for concern that they act like my kids when they don't get their way!

A professional would just bow to public pressure and do it to save their business. No point in taking offense.

I think its too late for that. They shut down their investments soon after the incident, which is something no business usually does, and that only points to the fact that they are insolvent.

That's not good for them, hope they can fix this ASAP.

They claimed that they provided each investor with over 1 BTC with an individual cold storage, so I doubt following the money trail would lead you to it. But that excuse lets them be insolvent or show incorrect investment stats.

I really don't understand why they would not show their cold storage, it only really leaves one answer and that is they can't  I thought they was legit and to be fair they have not scammed yet so they may well be just not liking bowing down to demands which I may add I would not have either (But would in the end) just not when everyone wants me to (unless it was investors) Do we know any of the investors? Was they shown the storage surly they was? Also would not have been hard to follow your investment, if you guys was so interested why not invest a small amount and follow the money honey? Where are you investors 

They recently claimed that they have shutdown investments so there is no excuse any more along with any excuse of not showing the funds.

There are many alarm bells here. But I'm getting tired of explaining them. We all know what is going on here and its no secret they don't have a secret investor. For what reason would anyone want to remain secret!

The other thing that simply pisses me off is this "Innovation" word used for a dice site. there is nothing innovative about it. In fact its quite poorly innovated and just a dice site with the help pages 'cut and pasted' from other dice sites. Diggit is innovative, DaDice is just another dice site.

On the coding side, we all can't be perfect. My coding sucks balls, but even I wouldn't be doing what DaDice does:

Who sends entire JS functions over the socket when you click a link? DaDice does!
Who lets the client send the socket details to the different servers instead of using a redis server to keep all session information on the server? DaDice does!
Who advertises number of rolls as being equal to site success without even displaying a total wagered number? DaDice does!
Who advertises no bots playing on their site even though their site has a bot built into it? DaDice Does!

Everything about it is just bullshit. And to pile on top, they are lying about having a bankroll of 500BTC.

If they are genuinely legit (which is about a 1% chance), they are the worst business people on the face of this planet! Which is good enough reason, in itself, to steer clear from them.

hey Stunna, the guys over at saw-dice, the new one, claims to have a bankroll rivalling that of PD's, somewhere in the 5 digit range, and promise to show proof of storage after their 0% edge promotion is over. they also claim they wont have a limit to bet/win amounts. any thoughts on having a competitor like that with a bankroll that could, even currently, rival that of your site?

Reading through the thread in my opinion the burden of proof is on the operator to prove they have reserves not on the users regardless of the percentage of funds held by users if the funds are all mainly held in a cold wallet the deposits would be in one address keeping the individual user balances relatively anonymous, and they can still prove their own reserves.
An absence of that does seem concerning and based on the timeline disabling investments was the logical choice next would be to prove they can cover large bets.

All of those sites offer investments and need to post that information for the peace of mind of their investors. Primedice does not accept investments and our users rarely store massive balances. Users frequently cash out their winnings, often less than a weeks worth of expected profit is comprised by balances.

That being said PD probably has a larger bankroll than any bitcoin dice site currently, at least from what I've seen. We made a simple mistake which allowed ourselves to have 2400 coins stolen from us via exploit but even at that exact moment we definitely had at least 10-20x the total stored PD balances locked away in cold storage. We've since  quickly re-couped those losses and made improvements to prevent that from happening again.

If we were to ever accept investments which I think is very unlikely, we would absolutely have proof of reserves available for users.

No one really doubts the solvency of PrimeDice, and in general I don't think it's big deal if non-investing sites show solvency or not. Sites that make extraordinary claims and investment sites should be held to a higher standard, though. In fact, I'd say it's absolutely critical in investment sites as it's our only proof that profits are generated from a means other than it being a big ponzi.

Thanks RHavar, I will play more on these sites.
I am surprised not seeing PrimeDice on the list

Unfortunately the Just-Dice link was broken when the CLAM developers switched from one block explorer to another again.

Addresses #1 and #3 on the CLAM rich list are the JD coins. They both begin "xJDCLAMZ" in case the order changes.

NLNico compiled a good list (in reply to the claim from DaDice that competitors also don't show solvency):