Post
Topic
Board Gambling
Re: All-Dice.com (JD on steroids)
by
Bitcoins101
on 16/09/2014, 08:23:02 UTC
Apart from copying the design and all the text from JD, your site has a zero bankroll lol.
Are you supposing people will invest in your 0-bankroll 0-bet site?

Well I was supposing that someone will take the leap of faith and throw 0.1BTC into it, probably quadriple it within days, but since there is no such individuals I will invest my own BTC soon.

How exactly are people going to quadruple .1 BTC within days by investing in your dice site? Seems high improbable.

I find that the real world works much like Bitcoin in a sense that one could use his mining rigs to double spend and scam for BTC, but it gives little to no financial compensation in comparison to mining in an honest manner.

Same principle applies to scams, even the biggest Bitcoin scams have profited relatively little (and at a high legal price) to the perpetrators in comparison to what they could have made if they applied their skills at operating in an honest manner.

I don't think that's true.

At its peak, Just-Dice had something like 65,000 BTC invested.

In the year it was running, gamblers lost around 20,000 BTC.

Even if I took 100% commission, I would have only made 20,000 BTC. But if I was a scammer and stole the bankroll at or near the peak I would have made more than three times as much. As it was, of course, commission was much lower than 100% and so I would have been even more better off (I can't remember how to write proper English) scamming than running an honest site.

And I guess that's why there have been so many scam dice sites out there. It takes a long time for honest returns to eclipse what you can make from short-term scams.

That's not counting the near-impossibility of laundering and cashing in those 65,000BTC not to mention the years you'd spend in prison, ultimately rendering those 20,000BTC (or even 2,000BTC) a much better option.

1. Nobody is going to prison if they stay anonymous or listen to my #3 point.
2. Laundering a large amount of BTC is relatively easily. It's not like you have to cash out all 65,000 BTC in one week. Anyone with the knowledge to run a $30,000,000 scam should have the knowledge to do that.
3. Regardless of how you do it, say you got hacked. Worked for TF and he hasn't even been charged with anything, despite not being anonymous. It's also kind of worked for Mr. Frappuccino and he stole a lot more than 65K BTC.

I am not overly bothered by people copying other people's work. Your dice site looks fine - the problem is you. You act rudely and more importantly, dishonestly. I wouldn't invest a nickel with you.