Topic: Recent dadice.com development - page 7. (Read 7980 times)

I don't know about shorena, but I know for fact that dooglus and nico are genuinely concerned about health of dice industry. Now since investment option is gone, therefore all the bankroll there is private now which renders this whole debate useless. And Da Dice has done it after public criticism (literally written in official announcement) and I know one of the reasons behind it is dooglus. On the other hand, in one of his last posts on main Da Dice thread doog has said:


so I think trust issue will now be solved too. I'm sure doog will do the right thing.

It is clear that they do not have the bankroll that they claimed to have. Lying about something so crucial definitely deserves a red big warning. It showed complete intend to scam the investors they would have gotten in the future. They might have ran with the future bankroll (like dice.ninja) or at best they would have gotten a relatively too big share of the profits. Even for players this is very bad news, since they might not be able to pay big payouts - and they might not even have all the balances of the players right now.

True, if they never had an invest option from start, no one would have really cared (although the high 20 coin max profit could be warning for some.)

However they have chosen to have this invest option at the start and by giving bad excuses for not proving their solvency, they have shown that they are not trustworthy. Changing to "no invest option" doesn't change that... in fact, it further more proves they did not have the funds they claimed they have. It seems like the only way out for not being required to prove solvency. Obviously by now it is too late, they have shown their lies about the bankroll already. And I still think actually showing that they have those coins is the only way out.

The red trust is because they refuse to provide proof of funds until the investment option is disabled. Im not sure what will happen next since dadice already closed the investment option

Asking here since I dont get it, Dadice has closed down their investment feature . Does this still makes them a scammer since I see that their account got a red trust

Basically this is just a pure speculation because there is no proof about this yet. Not trying to defend them but I dont see any reason of marking them with red trust because they have stopped their investment feature

Come to think of it, if it was any other business or site, and had the coins. They know that its important to keep the customers happy for the present and the future. What they would do in the normal case would be move the largest investor's coins to another wallet, and have another cold storage wallet for the normal funds. Then they can show proof of funds, to all or at least an escrow.



This is analogous to the Ponzi scenario. Even when Ponzi operators pay out, they essentially do so from the investor funds. It could very well be the case for Dadice, that they are spending the investor funds on the other marketing budgets and could be one reason they do not want to show proof of being solvent.

Honestly, I don't trust any site , but its better to avoid sites which show higher chances of ending or running as a scam . Dadice is sort of doing that .

Yes. That is all we are asking. Since DaDice claims to have 90+% of the funds themselves, I asked -multiple times- to just show their own coins only. So the investor excuse is completely irrelevant.

Look, I don't blame you. They have been great for their players, you have been dealing always with success with them, they have been paying everyone etc etc.. so you truly believe they have those coins. I understand this from your perspective. But those watching objectively just want to see actual proof of solvency - and you seem to agree with that too.

So yeh, all we ask for is proof they have those coins and this will be all solved. But it might be surprising to you if this proof never comes. They have had so many wrong excuses that those, who have not been "blinded" by how nice the DaDice team is, are seriously doubting that they have the coins. And scam accusations based on that are completely right. All they need to do is just prove their solvency. No big deal if they have the coins.

Then you cannot trust any site whatsoever. A ponzi is a scam from the beginning. They either lie about their earning rates or tell you it is a ponzi in the first place.
If you apply the same principles, you cannot trust any outsider except yourself..

The big investor excuse makes sense, if you really think about it.

There are always workarounds. All you need is a proof that Da Dice has control over such amount of funds as it shows, right?


They have also spent a lot in development of their site, as well as marketing. They can't spend it unless they had it in the first place..

A ponzi will always end up as a scam if it claims that it will keep on paying indefinitely since at some point it WILL stop paying.

Did you know , A ponzi is not a scam unless it defaults on the payouts ? All the while it runs, its just like this claiming to have money, but shows no proof of it.

Thanks to bitcoin , we can have that proof, and not showing it, just means one thing. The big investor excuse is stupid isn't it ? And now that trusted people are ready to verify solvency, refusing that means you know what.

Ideally we prevent a scam, instead of just closing our eyes and let the scam with many losses happen :/



Withdrawals have nothing to do with solvency. MtGox was doing withdrawals for long time while not being solvent.

Proof of solvency is a standard practice for dice sites that accept investments. After all the bad excuses, it's clear they don't have the claimed bankroll. This hurts them so much - while an hour of their time could easily prove their solvency. There is absolutely no reason why they shouldn't do it, except for the obvious one: they don't have the coins.

Is it bad if they don't have the claimed bankroll? Yes, and that definitely makes them a scam in the making. So the accusations and warnings are 100% correct. The only time dice site didn't prove solvency was dice.ninja just days before they stole the 2k btc bankroll. Ideally we don't let that happen again, don't you think? I like to repeat how easy it is for them to prove us all wrong.

AFAIK I am the one who mostly started to ask questions and I am not a competitor at all, nor do I make random hits. The only time I was involved in a "scam accusation discussion" like this was BTC-Arbs months before they scammed hundreds of coins.

I understand the pages of the discussion is a long read, but please do read it a bit before defending a scam in the making. Especially considering you should have some moral conflict operating their signature campaign. I do -not- mean this personally or as attack to you, I am 100% serious that you should have a proper -objective- look at the situation.

Many are talking as if Da Dice is a scam. Find me a single scam accusation, lol.

How are you even comparing?


Edit: People are unaware of the facts. There is no withdrawal that did not get honored. Nor are there any complaints regarding loss of funds, or anything related.
This is pure speculation. Da Dice hasn't yet provided a Proof of Solvency. But, that doesn't make it a scam...

A competitor just made random hits, and he got lucky at one..

The only end to these scams and discussions will be Primedice accepting investments, or Just dice reopening investments. Till then investors should dodge or avoid every single dice site for investments. Creating a dice site doesn't seem to be a much hard to do task for programmers, and a lot of them can just end as scams.

They cant just post an address without signing it. Everybody can claim i own that i own this but cannot prove

or they can just post the address in their website but due for some weird circumstances they can't even show it. So, Its better for whales not to play in the site maybe they can't afford to pay they up if they were to win like around 100-200BTC

With bitcoin it is so easy to prove solvency.. Although I can understand they won't prove it to every user requesting it, doing it every month or couple of months should be possible right?

The thing is that, what do they lose by showing it? Nothing right? Wich makes people believe they are lying, even more after they tried to use silly excuses presented by shorena. Honestly if they just said no we dont to show it, it woul have been more credible

For me personally these are really the things I did:


With the verifier and vulnerability I obviously even helped them. And I was planning to even promote them in the future (for free, like all sites on my site.)

I have no intention at all of spreading FUD, I just wanted to see proof of solvency. A simple and standard thing to do.

For my personal benefit it would have been best to ignore the lack of solvency proof and add them to my site, since they have a big paying "referral promo" going on that could easily earn me 1 bitcoin. The #1 in that promo currently has 0.005 commission which would win 1 bitcoin - my site can seriously generate more than that by just listing the site. Since my site is not based on decisions that make me money at all, I chose to ask for the cold wallet instead (and explained why it was important.) After all the bad excuses, it's clear they don't have the claimed bankroll. This hurts them so much - while an hour of their time could easily prove their solvency. There is absolutely no reason why they shouldn't do it, except for the obvious one: they don't have the coins.

That's pretty much it, except that it is standard practice for sites holding investments to publish proof of solvency. They often don't do it without being asked, but once asked it's weird for them to refuse. DaDice has refused, which makes people think they have something to hide.

They already have "revealed" their resources, they just didn't prove that their revelation is true. That's what people are asking for here.

As for motivations I'm sure there's a certain amount of wanting to damage the competition, as well as "we had to do it so why shouldn't they?", but for the most part I think people want to hold them to the same level of transparency as the other sites offer.

that is quite possible, many people often use dice sites as a bitcoin tumbler.