Topic: Recent dadice.com development - page 4. (Read 7972 times)

I gamble a little here and there and do not have preference to any one dice site. I would avoid any dice site that cannot prove they have the bitcoin to pay us.

Which dice sites has shown their solvency by disclosing their cold wallet address? I might play their more often.

I agree, it is impossible to tell the motivation behind refusing to show proof of solvency.  But that action alone destroys the site's reputation.  "We don't want to prove out solvency because people are asking us to" isn't a valid reason.  Now, I agree, if I was in their shoes, I probably wouldn't show a competitor my addresses (although why that would matter I don't know) but there are hundreds of trustworthy people in the community they could show.  Why aren't they doing that?  Nobody knows.  But seeing as there is no good reason to not (especially since, you know, they claim on their site that they will) the only explanations left are shady ones.

We don't need to wait and see what happens.  That's how people lose money.  We already know what happened.  They were asked to prove their solvency and didn't.  Is it because they couldn't?  Is it because they didn't want to?  It doesn't matter.  All that matters now is that they have to be assumed as insolvent by any reasonable person. 

In my opinion, it's hard to tell whether the behavior of dadice is actually shady (ie, indicative of someone about to do a runner) or merely reflective of someone who feels like they're being pushed around.  That is, out of nowhere, all sorts of folks started demanding all sorts of proof about their bankroll.  At first, several competitors of dadice were the ones offering to "privately" verify the bankroll.  It seems to me that a perfectly legitimate interpretation is that dadice felt pushed around, decided to stand up for their rights not to reveal their private information, and to stand on their budding reputation as a legit site.

The other situation has also been clearly expressed by the detractors in this thread, ie, they won't prove their bankroll because they can't.  I'm in the camp which believes that the best thing to do here now is to let everyone's head-of-steam cool down for a while and see what happens.


Yes, of course they would.  But a lot of players will consider that withdrawing and deposting with success again and again is indicative of future success.  I'm not here to debate the logical flaws in that sort of reasoning, I just think it's worth bearing in mind that the point of view of the typical player isn't about whether some mysterious wallet backend banksafe exists (they don't expect to be able to see it if does), but whether the stuff they *do* see works well, ie, their own deposits and withdrawals.

Wouldn't you think most players would care that the site is able to actually pay them out in the event that they won a lot?

I am watching this thread rather heavily in anticipation of me updating the Overview of Popular Bitcoin Gambling Websites thread and bringing it back up to standard soon. So essentially, you think they're just going to make a runner? The images you have in the OP are rather telling and indicative of an issue.

Ok, I care and my warning is for those that do. You are free to ignore it.

Oooh, you are advertising a ponzi, I get it.

people have played on dadice and will play on it as most of them dont care about cold storage and stuff they just want good design and thats it

A simple signed message will do, I dont think time can restore the faith in them.

It's not even about not acting honestly. It's more about transparency than honesty.

It is possible that they are being honest, really do have all the coins they claim to have, but for some reason don't want to prove it. There's nothing dishonest about such a stance.

It's also possible that they don't have all the coins they claim to have, and so can't show their cold wallet address without admitting to the problem.

As it stands we are left suspecting that they are insolvent, but we have no proof either way.

So did they also return the money all those who were invested ? Or did they only stop new investments for now ? From what they said before , they didn't show the address of the largest investor. Then why not just refund him, and continue and be transparent with the rest.

Best I can tell, that's (still) it!  I agree that failure to prove the amount of coins you have does not constitute a scam.  However, at the same time, if you are going to claim to have X coins, you should expect people to ask you to prove it if you are operating a business.

Maybe they would be better off just doing what Stunna does and having a max bet that they can obviously pay and just stop talking about how many coins they have.

Dooglus and just-dice has set the bar really high here for integrity, but that does make his practices a requirement?  If dadice doesn't want to prove they have a lot of coins that is their call.  

Likewise it is the community's call if it wants to play/invest there.  And while I like the way this was laid out by the OP, I don't think it rises to level of scam or quasi scam or proto scam, it just suggests what we all know, player and especially investor beware - this organization is not acting as honestly as the best in the business currently do.

Good Luck!

I doubt there's much point in me offering to discretely verify a wallet address for them, but I'm willing to if it helps them out. I know Stunna already offered, and I'm just another dice site owner, but there's the offer for what it's worth.

Seriously I can't think of a good reason (except the obvious one) why they chose not to show their cold wallet address. There is nearly nothing they would lose for publishing the address especially if they show it only to a few highly trusted people. On the other hand, many of their players and investors have lost confidence in them for not publishing it.

They say nobody is invested there any more.

When asked to chose between transparency and opacity they chose opacity. It's worrying, but there's nothing anyone can do to change it.

I guess we just have to wait and see what happens now.

so people here trust investing at dadice? if so any here invested more than 1 btc there? would ike to know. thanks

private my arse.. no proof at all, just plain talk shit. go shill in the dadice thread if you can't show proof at all

Running an investment pool privately is not a bad thing, I bet dooglus will concur it May be Da Dice has shown its solvency to their private investors?

That's right

Why am I going to trust you my money, If you are not showing users the transparency of your site?

Judging from their actions they should have seen this coming. Running a business based on trust can only be done by playing with open cards.

No doubt, they will have a reduced number of members as compared to earlier.