Quote from: FruitsBasket on May 21, 2015, 11:43:08 AM

dadice were caught that they dont have the funds that they claim.. end of story bra

Nope. They are unable to provide the so called proof of solvency. Doesn't mean they didn't have the funds they claim.
I am aware of the marketing budget, and I am positive they have the funds they claim they have..

And I hope you know what kelly is right?

Quote from: Da_Dice_Staff on May 20, 2015, 09:36:54 AM

A few answers here may be of interest in resolving the above queries and statements

Let us look at an example: A Bitcoin exchange typically offers an instant withdrawal feature, and might be a steward over hundreds of thousands of Bitcoins. To minimize the possibility that an intruder could steal the entire reserve in a security breach, the operator of the website follows a best practice by keeping the majority of the reserve in cold storage, or in other words, not present on the web server or any other computer. The only amount kept on the server is the amount needed to cover anticipated withdrawals.

Q. Is it possible to run away with coins in cold storage?

A. You generate a wallet on the offline computer the same way that you do on an online computer. This makes sure your Bitcoin private keys are in cold storage. You then make a watching-only copy of that wallet to be used imported on the online computer. Using this watching-only wallet, you can generate addresses and monitor payments exactly the same as any other wallet. In order to send money, you will be doing the following:

   Create unsigned transaction (online).
   Sign it (offline).
   Broadcast it (online).

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

So we would have a bankroll of 1000 btc, shown to everyone who would wish to check.
However, the cold wallet would only show 100 btc.
Now, with more and more investors and different kelly selections, the picture is even more bizarre
Like ours:
Bankroll is currently 924
Actually available 546

This means that we still have not reached the 10% originally stipulated

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.