[SHUTTING DOWN] [DiceBitco.in | BE THE BANK ! | 1% House Edge] - page 3.

alice chan

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Quote from: dooglus on November 08, 2014, 12:05:20 AM

Quote from: erre on November 07, 2014, 12:21:42 PM

(with your site, i. e. , my small investment was too diluited)

It doesn't really matter what percentage of the bankroll you control.

All that matters is how often the bankroll gets "turned over".

If the bankroll is 5 BTC and 10 BTC is bet each day, you can expect to make 2% profit per day.
If the bankroll is 5000 BTC and 10k BTC is bet each day, you can still expect to make 2% profit per day.

In those two cases, your 3 BTC investment is going to have hugely different levels of "dilution", but it doesn't make any difference to your expected profit.

In other words there's not much point being 50% of the bankroll if nobody bets on that site.

If the bankroll is too large then it will not turn over quickly enough. This can be solved by limiting the amount investors can put into the bankroll when betting is slow compared to the total bankroll

dooglus

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Activity: 2940

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Quote from: erre on November 07, 2014, 12:21:42 PM

(with your site, i. e. , my small investment was too diluited)

It doesn't really matter what percentage of the bankroll you control.

All that matters is how often the bankroll gets "turned over".

If the bankroll is 5 BTC and 10 BTC is bet each day, you can expect to make 2% profit per day.
If the bankroll is 5000 BTC and 10k BTC is bet each day, you can still expect to make 2% profit per day.

In those two cases, your 3 BTC investment is going to have hugely different levels of "dilution", but it doesn't make any difference to your expected profit.

In other words there's not much point being 50% of the bankroll if nobody bets on that site.

erre

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Activity: 1680

Merit: 1205

Quote from: dooglus on November 07, 2014, 11:51:17 AM

Quote from: erre on November 07, 2014, 11:31:58 AM

I have decided to give some trust to the guys that runs www.bikinidice.com and I invested there.
They are still small, but improving constantly. And, as far as I can understand, PROVABLY fair.

Be careful. The last two sites I trusted both ended up going bad.

They were both actively being developed, with friendly owners who interacted with the community.

They were also both provably fair.

One started cheating (provably fairness doesn't mean you can't cheat, it just means people can notice if you do cheat).
The other just disappeared one night.

I've no idea how to tell which sites are legit and which aren't.

I guess a good first step would be to check the owners' histories on the web of trust. Do the bikini guys even have web of trust accounts?

They said they are implementing Ardeva registration (my suggestion), so they can submit a token to an escrow, just in case of default.
I think I will give them another two weeks or so for this thing to be done. For now I hope they will not run with 5 btc bankroll, and I like to be able to provide a good % of the total bankroll as now, so I can make some real profit (with your site, i. e. , my small investment was too diluited)

dooglus

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Quote from: erre on November 07, 2014, 11:31:58 AM

I have decided to give some trust to the guys that runs www.bikinidice.com and I invested there.
They are still small, but improving constantly. And, as far as I can understand, PROVABLY fair.

Be careful. The last two sites I trusted both ended up going bad.

They were both actively being developed, with friendly owners who interacted with the community.

They were also both provably fair.

One started cheating (provably fairness doesn't mean you can't cheat, it just means people can notice if you do cheat).
The other just disappeared one night.

I've no idea how to tell which sites are legit and which aren't.

I guess a good first step would be to check the owners' histories on the web of trust. Do the bikini guys even have web of trust accounts?

erre

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Activity: 1680

Merit: 1205

Quote from: dooglus on November 07, 2014, 11:09:18 AM

Quote from: erre on November 07, 2014, 11:05:03 AM

Is there a simple way to verify if a dice site is cheating this way?

It really depends on the site.

If they are provably fair then you can verify your own dice rolls to make sure you're not being cheated.

Some sites make this easier than others. Search on the site for "provably fair" and read what they write about verifying your rolls.

Quote from: Chemistry1988 on November 07, 2014, 11:18:22 AM

Quote from: kaykawa on November 07, 2014, 07:24:04 AM

Thanks for the info

Yes, i'm thinking in invest in some gambling site.

PRC & win88 looks good.... to be true.

thanks

I believe win88 has stopped taking investment for quite some time already. If you go to the invest page, it just shows a message "Invest_Closed" there.

I have decided to give some trust to the guys that runs www.bikinidice.com and I invested there.
They are still small, but improving constantly. And, as far as I can understand, PROVABLY fair.

Chemistry1988

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Activity: 1120

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Quote from: kaykawa on November 07, 2014, 07:24:04 AM

Thanks for the info

Yes, i'm thinking in invest in some gambling site.

PRC & win88 looks good.... to be true.

thanks

I believe win88 has stopped taking investment for quite some time already. If you go to the invest page, it just shows a message "Invest_Closed" there.

dooglus

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Activity: 2940

Merit: 1333

Quote from: erre on November 07, 2014, 11:05:03 AM

Is there a simple way to verify if a dice site is cheating this way?

It really depends on the site.

If they are provably fair then you can verify your own dice rolls to make sure you're not being cheated.

Some sites make this easier than others. Search on the site for "provably fair" and read what they write about verifying your rolls.

erre

legendary

Activity: 1680

Merit: 1205

Quote from: dooglus on November 07, 2014, 11:00:30 AM

Quote from: kaykawa on November 07, 2014, 09:58:25 AM

I don't know if it's true... i'm new here.

We don't know for sure what's true. We do know the site was cheating players by skipping winning bets. But when they were caught they gave most of the crowd-funded bankroll back to its owners which doesn't seem like something a scam site would do.

Is there a simple way to verify if a dice site is cheating this way?

dooglus

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Activity: 2940

Merit: 1333

Quote from: kaykawa on November 07, 2014, 09:58:25 AM

I don't know if it's true... i'm new here.

We don't know for sure what's true. We do know the site was cheating players by skipping winning bets. But when they were caught they gave most of the crowd-funded bankroll back to its owners which doesn't seem like something a scam site would do.

kaykawa

hero member

Activity: 574

Merit: 500

Quote from: Get.BTC.Now on November 07, 2014, 08:07:01 AM

Sad to hear this. Now maybe I am going to find a new home in Win88. Cry

What happened to the site?

check pages back.

His feedback page :

Skipping rolls and fucking up withdraws.

Beware!

Their provably fair dice site was caught in the act of cheating by skipping "nonces" - if a user's next bet was due to be a win, the site would skip that roll and give them the next one instead (which may also have been a win).

They claim the malicious code was written by a rogue new employee, but even if that is true it is a gross error to allow code from a new untrusted employee onto a live server where large amounts of coins are gambled.

I don't know if it's true... i'm new here.

Get.BTC.Now

member

Activity: 116

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★☆★ dont let others hurt your sk

Sad to hear this. Now maybe I am going to find a new home in Win88. Cry

What happened to the site?

kaykawa

hero member

Activity: 574

Merit: 500

Quote from: pawel7777 on November 07, 2014, 06:12:16 AM

Quote from: kaykawa on November 07, 2014, 05:59:47 AM

Quote from: finnile on November 07, 2014, 05:52:56 AM

Quote from: kaykawa on November 07, 2014, 04:22:52 AM

I want to invest (bank) in dicebitco.in...... but I don't know if i can trust in you guys (Skipping rolls issue ) or in the new owner of the site.
Undecided

Even if you missed all the scam/running away with funds posts, Why would you want to invest in a site which is shutting down?

Now i know it.

If you're looking to invest, this thread may be useful:
https://bitcointalksearch.org/topic/after-1-year-of-diversified-bitcoin-dice-house-bank-investment-we-lost-3246-826466

Quote from: Light on November 07, 2014, 06:03:58 AM

Quote from: Gianluca95 on November 07, 2014, 04:40:57 AM

Try Bikinidice which is a new casinò, managed by a very good man

IMO, you shouldn't advise people to keep investing in new dice sites that have no reputation and no verifiable details. Unless you know someone personally or you are cashed up and willing to part with your money I'd be extremely careful in randomly investing in sites which you cannot be sure are not scams.

Agree. Also, even if the site is legit and the dev is considered trustworthy, there's always a risk of a hack, flawed code, or some 'whale' player winning big, so plenty of ways of losing your investment.

It has been said many times, I'll say it again: Never invest more than you can afford to lose.

Thanks for the info

Yes, i'm thinking in invest in some gambling site.

PRC & win88 looks good.... to be true.

thanks

pawel7777

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Activity: 2436

Merit: 1561

Quote from: kaykawa on November 07, 2014, 05:59:47 AM

Quote from: finnile on November 07, 2014, 05:52:56 AM

Quote from: kaykawa on November 07, 2014, 04:22:52 AM

I want to invest (bank) in dicebitco.in...... but I don't know if i can trust in you guys (Skipping rolls issue ) or in the new owner of the site.
Undecided

Even if you missed all the scam/running away with funds posts, Why would you want to invest in a site which is shutting down?

Now i know it.

If you're looking to invest, this thread may be useful:
https://bitcointalksearch.org/topic/after-1-year-of-diversified-bitcoin-dice-house-bank-investment-we-lost-3246-826466

Quote from: Light on November 07, 2014, 06:03:58 AM

Quote from: Gianluca95 on November 07, 2014, 04:40:57 AM

Try Bikinidice which is a new casinò, managed by a very good man

IMO, you shouldn't advise people to keep investing in new dice sites that have no reputation and no verifiable details. Unless you know someone personally or you are cashed up and willing to part with your money I'd be extremely careful in randomly investing in sites which you cannot be sure are not scams.

Agree. Also, even if the site is legit and the dev is considered trustworthy, there's always a risk of a hack, flawed code, or some 'whale' player winning big, so plenty of ways of losing your investment.

It has been said many times, I'll say it again: Never invest more than you can afford to lose.

Light

hero member

Activity: 742

Merit: 502

Circa 2010

Quote from: Gianluca95 on November 07, 2014, 04:40:57 AM

Try Bikinidice which is a new casinò, managed by a very good man

IMO, you shouldn't advise people to keep investing in new dice sites that have no reputation and no verifiable details. Unless you know someone personally or you are cashed up and willing to part with your money I'd be extremely careful in randomly investing in sites which you cannot be sure are not scams.

kaykawa

hero member

Activity: 574

Merit: 500

Quote from: finnile on November 07, 2014, 05:52:56 AM

Quote from: kaykawa on November 07, 2014, 04:22:52 AM

I want to invest (bank) in dicebitco.in...... but I don't know if i can trust in you guys (Skipping rolls issue ) or in the new owner of the site.
Undecided

Even if you missed all the scam/running away with funds posts, Why would you want to invest in a site which is shutting down?

Now i know it.

finnile

full member

Activity: 196

Merit: 104

Quote from: kaykawa on November 07, 2014, 04:22:52 AM

I want to invest (bank) in dicebitco.in...... but I don't know if i can trust in you guys (Skipping rolls issue ) or in the new owner of the site.
Undecided

Even if you missed all the scam/running away with funds posts, Why would you want to invest in a site which is shutting down?

Gianluca95

legendary

Activity: 1582

Merit: 1196

Reputation first.

Quote from: kaykawa on November 07, 2014, 04:22:52 AM

I want to invest (bank) in dicebitco.in...... but I don't know if i can trust in you guys (Skipping rolls issue ) or in the new owner of the site.
Undecided

Hey man, dicebitco.in has scammes around 10.000 Bitcoin to all investor and now it is closed, it is SCAM.

Try Bikinidice which is a new casinò, managed by a very good man

kaykawa

hero member

Activity: 574

Merit: 500

I want to invest (bank) in dicebitco.in...... but I don't know if i can trust in you guys (Skipping rolls issue ) or in the new owner of the site.
Undecided

suchmoon

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Activity: 3654

Merit: 8909

https://bpip.org

Quote from: freedomno1 on November 07, 2014, 03:12:45 AM

Quote from: Dabs on November 07, 2014, 02:38:40 AM

I don't think it's worth it. You could hire a dev to recreate the whole site from scratch, and at least be reasonably sure you get what you pay for with no surprises.

Well as long as someone else who is trusted does the code audit
Reliable Dev + a Reliable inspection
That way its all pretty much verified beforehand

But how do you make sure it's all there and functioning properly? There would have to be an escrow who could set up the site and do a lot of testing, not just code review. Also how do you make sure they don't sell it to multiple buyers or start up a competing site? The only thing that makes sense here is for them to fake the sale, reopen reskinned site with different aliases under a different domain and do it all over again. Ninja style.

freedomno1

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Learning the troll avoidance button :)

Quote from: Dabs on November 07, 2014, 02:38:40 AM

I don't think it's worth it. You could hire a dev to recreate the whole site from scratch, and at least be reasonably sure you get what you pay for with no surprises.

Well as long as someone else who is trusted does the code audit
Reliable Dev + a Reliable inspection
That way its all pretty much verified beforehand

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