Topic: [SHUTTING DOWN] [DiceBitco.in | BE THE BANK ! | 1% House Edge] - page 6. (Read 102257 times)

I love this blame shit. Dooglus never said that dogedice is a scam. He just said, no one knows if it is one. If it was that easy to recognize what site is a scam, I guess we would have known about DB or DN. The site never looks like a scam , but its the developer who might due to his human greed make it a scam.




Apparently, an escrow doesn't mean a site will be a scam or not. The site developer always have access to seeds and could easily gamble against the investors to steal the funds, but thats the risk investors have to take. Even dooglus could have done that, but there is nothing you can do about it. But no one risks investing in a site and be left with nothing of his investment.

I've never heard of MultiDice. Could you be running a scam? Of course you could.

Interesting. Can you tell me what you think about Multidice? Could we also be running a scam site in your opinion?

So wouldn't all this scamming lead to an opportunity for someone to establish a business just being an escrow service for sites like this?

I don't know the exact details of how it would work, it's for someone smarter to figure out. But the site owner would not have access to the investment funds and therefore couldn't run off with them. In order to prevent the escrow agent from being the one who scams (instead of the site owner), he would have to be publicly identifiable, which if he's running a legit business, shouldn't be a problem for him. But there would have to be legal remedies if he ran, which means he would have to establish a legal business, registered with some government jurisdiction, so that he could be held legally accountable if he stole any money.

These websites then would have to turn over funds to the escrow agent (or better yet, send directly to him), who would publish details on how much he is holding in cold storage so everyone could verify the "invested" amount matches the cold storage amount guarded by the escrow agent. The site owner would not have access to these funds. In fact, large withdrawals would have to be handled by the escrow agent upon verification for the withdrawal by the account owner playing on a site, and the site owner verifying that the identity of the person requesting is correct. It would slow down withdrawals perhaps, but the added security would be worth it.

Then any site that doesn't use this service would have trouble attracting investors, because they're practically screaming that they're not willing to take any steps to prove they're legit.

Like I said, the details would have to be hammered out by someone smarter and more familiar with how escrow works, but I'm a bit surprised that there's still all these sites hawking investing after this community has been burned so many times.

In any event, this is something to think about. The current setup clearly isn't working.

It also doesn't mean all of them might not end up the same. Think it like this , If you were allowed to completely anonymous and given 5 million dollars to hold. And you had the freedom to run away with it and not be held accountable at all, will you not do it?
98% will, and 2% will respect their principles and not do it.
I see only bitdice and PRC remain now. I ask people why they believe Dean, they say Dean Nolan is his real name and he has been running the site for 1.5 years. They are stupid that they believe a person who claims his name to be thereal Dean Nolan and they started investments only 3 months ago as pointed out by someone.
Dean Nolan posted this once http://uk.linkedin.com/pub/dean-nolan/14/669/b8a  . I laugh at those who believe its his real name. If he lies about this( which he never even had to mention ), it clearly means he is not in the 2%. No One would risk running a bitcoin casino with his real name out there and since he himself knows the fact, then why even put out a name?
As for you, I don't know anything about your site, but I would not trust you ( because of the chance of turning my 1 BTC to 0 BTC is much more than turning it into 1.5BTC). People who feel like trusting you or Dean, are free to do so. Its their money.
As for dooglus , the only reason I trust him is that he had over 40,000 coins invested. The value of those coins when he shutdown JD was over $30-40 million. If he wanted to scam them, then he could easily have. Not wait for a long con, hoping next time people will invest more than 40K coins.

It doesn't mean your site is also a scam, but it also doesn't mean your site is legit. It doesn't actually tell us anything at all about your site.

What it does tell us is that it can be dangerous to trust your coins with third parties. We all knew that already but there's a kind of "it won't happen to me" feeling that happens, even after the short but colourful history of Bitcoin scams we've already seen.

Let's put it this way: you could be running a scam and just waiting for the bankroll to grow a little more before you run off with it. How would we know if that was the case? You can say you're not, but I'm sure DB and DN would both have said the same thing.

It has 500 coins invested, profits from that's investments are about 100BTC, which makes 600, 300+BTC profits has been already withdrawn by investors, also AKC lost only 75% of funds. You are also the first who said our UI is bad as well as our support.

I'm sorry that you lost your investments on other sites but that doesn't mean all the rest are the same.

You all are fucking crazy. Let people decide if they want to play with you . Next thing I want to hear is owner of Crypto Hall tell me to invest in his site.
Bitcoin is anonymous, you all owners have advantage of doubt.
You know why your site sucks? it has only 100 coins invested and 400 coins profit which came from only 1 guy's loss. Your site sucks at UI and support. You want to win over trust? Let btctalks most trusted member hold the funds. Until then shut up and don't talk about trust. DB DN are sites I lost huge sums of money at, to only win 1% of wagered which is not even twice the amount I invest.
Bitcoin allows you guys to scam users and should not be trusted with a single penny.
Its funny how we all are deviating from the topic of DB's and DN's scam and pointing fingers at each other.

"You can't say that some casino isn't trustworthy." - Oh Yeah, thats what DB and DN said. Look what happened.

You can't say that some casino isn't trustworthy. (except that bets are rigged, provably fair isn't that fair, etc). I knew about Deans bugs, but I believe every casino had them. Some are better at security some less. But everyone do mistakes, the fact how one solve them can say something about how things are going internally. But by any means it can't say whether it's trustworthy or not. BitDice for example has about 20 security protocols which are constantly monitors everything and block users on some patterns. I think most casino's have those. I was naive a few times and also lost coins on hot wallet due some mistakes, however losses weren't that big, and I covered everything from my pocket. That's the business. Recently I've read some article that one famous guy lost >1k BTC on Bali from cold storage. Even coldwallet isn't 100% secure to hold user funds. (thus I'm thinking to move to P2SH)

I warned some users ( who invested in me, and plays on mine sites ) about DN's problems almost a week before the run. Casino's became scam because of no business model. I like Deans decision to change investing model, casino's always should get some profits. With DN's case their servers cost was ~1500 per month, without ANY profit whatsoever from sites for several months. And I believe they just lost funds on margin trading when tried to fix the situation.

Dooglus you situation is exclusive, you started at the time when bitcoin price was very low, it was easy to gain trust to hold several thousands coins. You was the first with investing option. You were in a superb position when price raised to the moon at that time you already had a lot of coins and you get richer day by day. For some people holding $100k in investors funds is fortune for others $500k is just a yearly salary without a bonus. Last ones do not have any reason to scam. They need exit like with satoshidice.

I don't mean to say that all the other sites are scams. I just mean that none of the other sites have shown themselves to be trustworthy yet. And when I say "trustworthy" I don't just mean that they're honest. I also mean that they're capable of keeping my coins safe. If my coins are stolen because of a hack or a software error I'm just as sad as if a dishonest operator steals them himself.

I looked at bitdice.me and it had only a few hundred BTC invested. It seems like around 2000 BTC is what scammers consider a decent haul. Maybe bitdice.me just didn't reach its target yet. I'm not saying it has a target at which point it will steal all the coins. I'm simply saying that I don't think they have demonstrated that they don't.

And I realise that you can say the same about any site. People used to always be asking me on Just-Dice "what's your target? when will you run?". I tried to explain that I didn't have a target and wasn't going to run. At one point I was holding over 50 million dollars' worth of other people's coins and still didn't run - and still they asked "what, are you holding out for $100 million"? Maybe I'm even running a long con, will re-launch Just-Dice, and THEN steal all the coins - so I get it - you can't 100% prove you're trustworthy and it's all just different shades of grey.

Wow, i wasn't in bitcoin game for 1-2 months and look what happens . All this sites turning to be scams...

Where i will now lose mine fresh cheep coins ?

By that everyone could read you as "I say that all existent casinos with invest options are scam".

I do not think it's right to say that while at least three casinos are working good so far and the "youngest" one is 8 month old.

Oops! Yup, i forgot to mention... he runs Bitdice.me, Litedice.me, dogedice.me and reddice.me along with bitaces. Yes, i am on the signature campaign as well.. in fact i was one of the few who suggested that he do a signature campaign in the first place! I have been playing on here for 2- 3 months so far 

Thanks for pointing out the fact that i missed the site name 

I think you should mention what site does Alex run? Is it the one in your signature?

Well.... i don't want to sound like an advert, but i do play regularly on Alex's group of dice sites and i do feel he is very honest about the way he goes about doing things. Sure, there have been a few hurdles along the way, but he has managed to sort them all out to the best of his abilities and AFAIK. Since he has invested in all the sites in the group himself, i feel that he can be trusted, but what do i know.. especially when dice legends are unable to identify scammers! i guess temptations run high.

Not all of the owners are dis-honest, the lure of easy funds can turn people on their head though. At one point Alex could have divested with huge profits when someone lost big but he didn't.

Looking at all the discussion about player / investor funded sites, just thought i should put this out here. Maybe someone can play here to do an audit and confirm if all is well? My 2 satoshi.
 

It will be honest and fair. But I may have to start out with a little bit higher house edge and commission. I can always lower it down later when it's big enough. (Or why, ...)

PRC was attacked by trolls because of Dean's attitude. There have been countless instances of Dean screwing up, some bugs in site which could have allowed users to take away the entire bankroll. Even with the sjess case , Dean was not the one to find his mistake.  In each case he keeps blaming the users that find the bug.

Things like this happen: https://bitcointalksearch.org/topic/m.8997925
and an issue where the investment starting going up automatically.
And Dean has never commented on the issue. He claims that the site is in existence since 2013 so is supposed to be fair, but it has started taking investments just couple months back. And even if he had started taking investments 2 yrs back, he definitely doesn't come across as someone I would feel safe to invest my money with.

Good luck. I hope it will be good.

I'm talking about me... (I'm trying to, anyway).

by the time that happens peoples btcs were all stolen by the scammers.