Post
Topic
Board Gambling
Re: DaDice.com - Next Generation Social Gambling Dice Experience
by
NLNico
on 20/05/2015, 01:54:16 UTC
So since it took 5 days for an email to reach the developer, I am wondering if the development is outsourced or is DaDice truly 1 team that worked together before? Also since there supposed to be 500+ coins invested, I am wondering if there is already a public cold bitcoin address? Thanks.

We'll surely do so Nico. Currently 97% of the bankroll are our own funds. Once we reach a certain level of at least 10% investors funds a public address will be provided.

EDIT: To answer the first part of your post, our developer is part of the team and we have previously worked together. I know him actually since 5+ years.

wait wait wait... that would mean that a single investor or a group of investors would have to risk over 55BTC with you, before you'd be willing to prove that you're solvent?


Agree 100%. I could say a lot about it... but I noticed BR went from 540 to 632, so seems time to make that public cold wallet anyway. I assume we can expect it today/tomorrow, DaDice?
....
Look, we don't see any reason why you (or others) should tell us how to run our business. We pay out large withdrawals, as well as smaller ones all day. We have by far the largest advertising and marketing budget of any dice site around. Ask some of our HR in the chat, if they don't receive their withdrawals? Or did anybody complain that we don't process on time and I missed it?

Other dice sites do not publish their cold wallet addresses, so why should we?

We've offered all our investors to have their funds in a dedicated address on request, with a public note to whom the funds belong.

Lol, wow. Currently the BR is actually supposed to be 924 BTC, so definitely more than your 10% mark.




In the Bitcoin community we never care much about regulation and licenses, including gambling licenses and such. We prefer to self-regulate and have math and tools to prove things.

The greatest example of this is the provably fair mechanism. A tool that allows players to ensure they have not been cheated.

For investors unfortunately this is not possible yet. But we do have 1 little thing to at least prove the solvency of a site, a cold public address. It is extremely easy for site owners to setup. And in history there have been only 1 site who suddenly removed the cold public address, DiceNinja, just days before they run with the whole BR.

So first you tell me you are waiting for that magical 10% requirement. Which is completely idiotic already, but okay. Now you have clearly reached that 10% and you are telling me another excuse?!?

"Other dice sites do not publish their cold wallet addresses, so why should we?"

Hereby a list of the most popular dice sites that accepts investors:

- PRC: https://blockchain.info/address/1FhxjhFb1YudGC1vtV4FuLpQc2uHzq3XFd
- Just-Dice: http://clamsight.com/address/xJDCLAMZsZg1YqGytiP9CRzYYdsrJXX9Kh
- SatoshiDice: https://blockchain.info/address/18e5jpfn9zo9GQov1Ks9Pzh6Yam2SvFqqo & https://blockchain.info/address/1GBEAxb91tea1magDAQoKnjx18oH4ax2T3
- BitDice: https://blockchain.info/address/19yR1HxBNy5As4joecih4wgj8Cpe5SdmWk
- Diggit: https://blockchain.info/address/1AqGXXoFRRa27ThqVLfsiPykkp2NC4i7QU (not dice, but has investors)
- Dicenow: https://blockchain.info/address/1FY3J5Zuh7mp7q47brqr4wHUsUTeVLT8hb
- MoneyPot(DustDice/betterbets): https://blockchain.info/address/1QD1u16PFzsmsqdBWJjx2WjSpHstsDX9ST
- SafeDice: https://blockchain.info/address/1SD1ciWyeDNf26YoAUjSsifQZK1ShFJ2s


Do you see the pattern.... all dice sites have public cold wallet addresses! (if they accept investors.) So, again, and please DO answer this question: why don't you have a public cold address like all other dice sites?



With both the silly and wrong excuses for posting a public cold wallet address, I do have to say: Be very careful with this site, I would personally not recommend investing or playing here. Every gambling site with investors should have a public cold wallet address, no excuses!



Self-regulation only works if we actively enforce the few standards in the bitcoin gambling community. Provably fair = a standard, any site that doesn't offer that should be left alone. Cold wallet address = a standard for investor sites, any site that doesn't offer that should be left alone. I do not care at all about any of your other business decisions. But WE, as the community, definitely have a say about these FEW "self-regulation standards" that are used by any other site too.

Of course you can just easily make that cold wallet already (should take like 2 hours max?) and no hard feelings.