Quote from: CryptoFuture on December 09, 2014, 12:33:26 PM

Quote from: chazley on December 09, 2014, 10:58:13 AM

I find it laughable that your reasoning behind not doing a multi-sig cold wallet with dooglus is 'it would greatly lower our security'. That is one of the most mind-boggling excuses I have ever heard, and I cannot believe no one called you out on it. You don't think there are preventative measures put in place in the event Dooglus dies tomorrow and has control of the private keys? Of course there are. Dooglus is, and will forever be, the most trusted member on bitcointalk because he ran a dice site flawlessly, and the day he shut down returned 100% of the funds. Any new sites to the bitcoin gambling investment market should have a multisig REQUIREMENT before people trust a single cent to anybody. Sorry, but you don't get the benefit of the doubt, and to say it greatly lowers your security to do so is either incredibly naive or shows intent to eventually run off with funds. Maybe you are trustworthy now, but who's to say the temptation to eventually run off with funds when you reach 5,000 or 10,000 bitcoin won't be too much to ignore?

Is the decision to hold onto your cold wallet funds with no multi-sig, and slowly build your reputation over time with the community, an acceptable stance to take? Yes, absolutely. But that SHOULD result in you getting zero investors. Of course, there will always be the suckers who never learn from history and will invest anyways.

At the very least, detailed personal information of the site owners should be held in escrow by a highly trusted member of the community. That would be a start, but for me or anyone else in the community with half a brain to EVER invest in another bitcoin gambling site, you need to have a multisig cold wallet partly controlled by dooglus. If you intend to run an honest site, there is not a valid excuse not to do it. The rules have changed in this market, and failure for new operators to follow them should result in people staying away from your site like the plague.

Best of luck, and I hope for the community's sake you change your mind.

Giving the coins to a third party such as dooglus won't matter. If I was malicious, I could use a server_seed to act like a lucky player winning lots of bitcoins, then simply ask dooglus for the winnings to pay out.

I'm sorry but I've answered this question multiple times in this thread. We won't be having a third party hold our coins. We have analysed many methods of coin-storing security and came to a conclusion which we are happy with, and that involves holding our own coins.

We already have 780+ BTC invested and that is more than enough for one week into launch. No one has come close to the max bet yet, if I was pushing for more investors and had a tiny amount of bitcoins already invested I might have looked at other options to get the initial reputation.

I understand you require dooglus to hold the coins for you to trust us, and I completely understand. There is lots of scams in the Bitcoin world and I have been scammed myself. It's simply your choice not to invest and I respect anyone for being risk-averse.

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How about revealing your identity to a trustworthy third-party source? You basically skipped over my entire post and left out all the important details. Regarding the cold wallet, why not let Dooglus behind the curtains and see user stats/server seeds to protect against the site owners using that to their advantage? There are lots of ways around your problems yet you insist '(We) came to a conclusion which we are happy with, and that involves holding our own coins'

I'm sure you are happy with that decision. It is the same decision a person who intends to run off with coins would make, and that is my point. I could be COMPLETELY wrong. Maybe this site becomes amazing and the day it shuts down repays 100% of coins. I'm also not saying you are a scammer or accusing you of anything - I am only pointing out from a scammer's perspective I would do the exact same thing you are doing now. There is a precedent set in this market that someone who comes along with great software and seems to be active/trustworthy after just-dice has almost always turned out to be a scam.

You've got a great site idea. If you intend to forever be truthful and honest, and you intend to run this business for profit, an endorsement from Dooglus and a multisig cold wallet would exponentially increase the money going into your pocket. If you want to be stubborn/naive about it, then it is not only hurting your bottom line, but it also makes you look really bad. You chose to come into this market, and because of the nefarious acts of owners before you, there should be certain rules in place for people to trust their money to these new sites that pop up.

I wish you nothing but the best, but my only interest is the security of people's money. I hope I am wrong about you.