Post
Topic
Board Gambling
Re: OFFICIAL DICEBITCO.IN ANNOUNCEMENT ABOUT THE SKIPPED NONCES INCIDENT
by
Stunna
on 21/09/2014, 00:14:53 UTC
Good luck trying to regain people's trust after potentially scamming over a thousand coins.

I stand by everything I said including the part about the 1000 coins.

I don't think I understand. What 1000 coins are you talking about here?

I see two ways to interpret your "potentially" here:

1) Are you saying they had the potential to steal 1000 BTC? If so, the number is more like 7000, since that's what was in the bankroll that they could have stolen (but instead they allowed investors to withdraw almost all of it).

2) Or are you saying that you think they actually stole 1000 BTC? If so, how? Even if "Mateo" was a site player, he lost more than he won, and it was less than 1000 BTC.

Neither way makes much sense to me. Could you be clearer about what you're actually accusing them of?

The site claims 122,000 coins have been wagered, 300 coins have been delivered to investors and I'd imagine that half of the invested funds if not the majority during the mateo incident were the site's own money.

What likely happened:
1. Mateo appears and chews up a massive chunk of investors funds so dicebitco.in can repay those that were scammed (Think about all the people who divested after finding out the news and already taking substantial losses)
2. Dicebitco.in invests their own funds or has mateo lose to the website after they have a strong % of bankroll.
3. Appear more legitimate/turn a profit

 Obviously variance can occur but given their track record my theory is that they were trying to steal from investors with fake whales and then rig rolls to make up the difference and keep the edge around 1%. It's really a classic scam, they use fraud to keep their profit up which in effect attracts investments which they can scam.

I'm sure they were doing this, what I'm curious is to what extent this was occurring. Is there proof going further back that rolls were being rigged or did dicebitco.in disable their verification so they could tidy up their DB?

There's no way to 100% prove any of this which is exactly why investments is a joke, but I still firmly think there is a significant chance this occurred given that they were 100% found to be intentionally rigging rolls. This could have been a massive and long term undetected scam if nobody detected it and it was only used on large whales.

Draw your own conclusions, I have mine. You probably think I'm biased as they were competition, but I have friends that were personally scammed by dicebitco.in to the rigging and I will never trust them again nor should anyone else. I'd be willing to help Dooglus relaunch his website if we can think up a more provably fair investment scheme just so people have a safe place to invest.