Post
Topic
Board Gambling
Re: sawdice the New Age of Dice - Let's play a game.
by
sawdice
on 14/06/2015, 09:47:21 UTC
I'm perturbed. You just funded that. Which means that prior to yesterday, you did not have a cold wallet at all. That also leads me to consider you probably haven't secured the cold wallet properly.

You also claimed to have 4-figures of BTC before, then 3-figures. That cold wallet barely comes to 100 BTC.

I will hold my promise though, and remove the negative trust.

DC, but what's wrong with holding money in fiat?  Having a big bankroll is having a big bankroll and if you're worried about how they secured their bitcoin wallet, perhaps they were actually safer when their money was in a traditional bank (FDIC in USA, or whatever equivalent).  Anyway, I agree that they should sign a message from the address.  Just suggesting that these guys seem to be step-by-step, doing the right thing, and this situation, as it stand now, is much better than things looked a few days ago when everyone assumed they were long gone.

Looking forward to hearing back from yoler that he got he withdrawal.

If this became a standard to hold money in fiat, many sites would start to claim offline funds allowing for higher maximum bets.

BalloonBit did this and then there were many complications because they could not afford to pay out or at least delayed it until they could.  This isn't good practice.  Sites should be able to access funds and pay right away.  Having a transparent cold wallet address provides proof of funds and solvency.  
I second you funds must not be held by the sites owners in case of hitting big prizes.The concept of playing with Bitcoin and other digital coins is to deposit/withdrawals take place in no time.This is coming more and more to see the beholding of funds on name of different excuses.Yoloer did you receive your prize ? Please share the news with us after receive the funds.

Totally agree with you, the core of playing with Bitcoin is instant deposit/withdrawal and certainly this is not how it's going to work on our site in the future, as I said before we we still fixing some issues on the site as it's still in the first version, but as we move on everything will be smoother than the current situation.