Post
Topic
Board Gambling
Re: DiceBitco.in | BE THE BANK ! | 1% House Edge | 2000+ BTC BANKROLL | INSTANT!
by
tucenaber
on 13/08/2014, 20:08:06 UTC
How about doog gets a key when the wallet it multisig? What would give a LOT of credibility to the site


That would be a great plus to the site's trustworthy level.
But then there should be at least 1 more person holding the key to make a 2-of-3 wallet.

I emailed the owners shortly after finding the site:

Quote
Hi.

I recently discovered your dice site, and really like what I've seen.

Since Just-Dice closed, people have been looking for a replacement site to "invest" their coins in. Until now I've not really been able to recommend anywhere and am hoping that your site can become the place I recommend.

Until recently I've kind of been supporting PRCDice, but there are several things I don't really like about their site that have held me back from getting fully behind them.

As I see it, to be a big successful dice site you need to offer big bets. That attracts publicity, builds trust, etc. To do that, you need a big bankroll, and to do that you need investors to trust you.

There seem to be two major ways things that investors need to trust you to do:

a) not run off with the bankroll
b) not win the bankroll using the 'secret' seeds to which you have access

Both of those things are hard to trust an anonymous dice site operator to do, given the history of scams that surrounds Bitcoin.

So today as I was thinking about how much to invest in your site, it occurred to me that maybe you would be interested in joining forces. This could allow you to advertise that you are trustworthy "because dooglus".

Perhaps I could be a required signature on your cold wallet multi-sig address (to address concern 'a' above). Perhaps I could run a small "roll server" which does nothing but generate and store server seeds, and run the provably fair algorithm, and supply your site with rolls (to address concern 'b' above).

I suspect that if we can address 'a' and 'b' then you will find your bankroll grows hugely - Just-Dice attracted some 50k BTC - 100 times more than you currently have.

These are just a couple of ideas. Let me know if you're interested in discussing these or other ideas at all.

Chris.

but they weren't very interested unfortunately.

Why on earth would they not be interested?

Can we get an explanation from the owners please?