Post
Topic
Board Gambling
Re: DaDice.com - Next Generation Social Gambling Dice Experience
by
PocketRocketsCasino
on 20/05/2015, 10:01:30 UTC

Q. Why other dice sites provide cold storage addresses?

A. Main purpose of cold storage is to ensure protection of coins against hackers, there is NO guarantee of any sort that admin (such as Dean of PocketRocketCasino) won't SCAM you eventually. All   the funds in any cold wallet (for instances PocketRocketCasino's one) are as fragile as any ordinary wallet as private key holder can RUN with your coins at any time, there is nothing stopping them from doing so.
 Note to the technical sites that should be considered as well.
 Let's assume we have only one investor who has invested 100 btc at kelly 10

 That's all

...

We have another issue as well. Our largest investor in the site does not wish to have this publicly known.

We have the most advanced stats site of any dice site and strive to be as transparent as possible, but we cannot act against the wishes of our members, particularly our largest investor.

As a matter of fact the investor came to our public chat to discuss his concerns and that it was witnessed by many other members. The reason behind the investors statements: Privacy concerns

In addition we have decided to provide each investor who has invested a minimum of 1 BTC their own private cold storage address.

You're accusing me, the most trusted crowdfunded Bitcoin dice site operator, of planning on scamming?
After over 2 years of operating.
After not running when investment was over 3000 Bitcoin.
Even after I have actively went out my way to lower the investment by not allowing new accounts to invest.

As for you wanting to keep the cold wallet keys private, it's just not acceptable.

When PRC was first starting a very well known and trusted poker player was looking to invest $200,000.
I said no because he wanted to do a similar thing and not show proof of funds.

For a new site you are doing things the wrong way and it certainly looks like yet another Bitcoin scam.