Bitcoin Forum

Economy => Scam Accusations => Topic started by: joksim299 on February 10, 2020, 09:57:31 PM



Title: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 10, 2020, 09:57:31 PM
Hello,

Maybe its more appropriate for scam accusation thread but since I still think they are solvent just do not want to complete promised for some reason thread is in reputation thread.

I have been posting in few occasions in BitDice's official thread but posts were buried by signature campaign members and I did not get any answer expect generic answers.

In 2017 BitDice divested its investors and organized very promising ICO where they collected over 10.000.000$ (ten million dollars) with big promises and very invasive marketing including promoted posts on Steemit, paid press releases regarding their ICO on various crypto-related news sites including Cointelegraph and CoinDesk and they also were very active on Twitter, Bitcointalk and other chat platforms including Telegram.

Shortly after ICO concluded investors received dividends and slowly traffic started decreasing and only few players continued to play and profit soon became expense where investors are paying high server rent and legal fees  over 70k$ per quarter those costs weren't never mentioned in white paper.

For three years after ICO tokens lost almost 90% in value.

Here is screenshot of their road map as advertised in ICO:
https://i.ibb.co/PTq8v23/Screenshot-20200110-012653-2.png

I compiled what is done in the list below:
  • No New Slot Providers
  • No Live Games
  • No Smart Contracts
  • No Roulette
  • No Baccart
  • No Bitdice Own Games
  • No Texas Holdem Poker
Now they didn't complete most of their promises and site looks and works same as it was before ICO:

Web Archive June 02-2017 (https://web.archive.org/web/20170602211709/https://www.bitdice.me/)
https://i.ibb.co/566qmHB/bitdicejune.png

https://web.archive.org/web/20190709112651/https://www.bitdice.me/] Web Archive December 19-2019 (http://)
https://i.ibb.co/ZKSPXDV/bitdicedec.png


As you can see site is identical two and half years later except that they had Crypto Gambling Foundation seal of approval [https://bitcointalk.org/index.php?topic=1700658.msg53357056#msg53357056] even if they were still running games that aren't provably fair and most likely will never be.

Token performance according to CMC is not available anymore [https://coinmarketcap.com/currencies/bitdice/] don't know real reason but may be that tokens aren't available to trade on the second market.
 I have print screen from January 2020
https://i.ibb.co/q0WnL0N/csno.png
https://i.ibb.co/HpXzXHB/perfd.png

Whitepaper can be downloaded from TheLazyTokenInvestor [http://www.thelazycryptoinvestor.com/docs/bitdice_whitepaper.pdf]
Data I mention above is still available on TLTI on this link http://www.thelazycryptoinvestor.com/dividend-tokens/bitdice/


Financial Forecast from Whitepaper:
https://i.ibb.co/QvYTp3G/forecasts.png

TLDR how it looks on the graph from TLTI
https://i.ibb.co/4NsRNv3/dividens.png

Official reports and justifications can be found at https://medium.com/@BitDice

Quotes extracted from BitDice official thread:


Any plans to add any new slots to the site? The current selection is looking super dated, and Satoshi's Secret is definitely needing a revamp.

Also, what games are you guys currently working on?

Is there some kind of community vote where we can help choose which game is added next?

Used to use Bitdice a few months ago but got bored of the selection and moved to newer platforms. Would like to give it a spin again though if there's anything new?


Whereís the quarterly report so we can read the latest lies about how our expenses have doubled and our revenues fallen to a pittance?

The token is down largely because there are no exchanges and the communication sucks.

Not to mention the misappropriation of our funds going towards things we never agreed to in the white paper like two years of operating costs with no milestones met and lawyers being paid to hide the perpís identity behind paper offshore fortresses.

To add to the discussion:

1. The token entitles only in profit participation. The invested assets no longer belong to the token owners. (which is a stark shift compared to earlier investements where you could redeem your money).
2. In the whitepaper they state that the money invested was to be used for:
"25% of the funds will be kept in vault as reserve. At BitDiceís discretion and dependent on market conditions, some portion of reserves can be used to buy out tokens on the secondary market to reduce public float"
"10% of the funds will be used for promotion and marketing purposes."
"25% of the funds will be used by BitDice Casino to fund capital expenditures related to platform development and business expansion. It will primarily consist of:
  • Compensating the development team for enhancing BitDice functionality, applying new technology and integrating gambling providers into the platform.
  • Developing its own unique and provably fair games on top of the old ones.
  • Acquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible.
  • Paying legal fees to bring the whole business structure into full compliance with regulatory framework.
"40% of the funds will be stored as the casinoís house bankroll to pay out winning bets and bonuses to the players on the whole array of games presented"

3. Now, if you take a look at their quarterly reports you can read things like:
"Higher expenditures have been related to business expansion activities such as finalizing integration of fiat payment systems, expanding to new markets of Southeast Asia, and strengthening presence in social media."
"The majority of the cost was attributed to team salaries and legal fees associated with ongoing process of obtaining a license:"

The result:
These expenditures reduce the distributable profit quite significantly. Which means that token holders (at least those participating in the ICO) pay twice. Once for the token itself and then via the reduced profit.
And just to reiterate: In the whitepaper/prospectus they clearly calculated the dividend with 70% of the profits. There's no mention of running costs.

I can live with the abysmal performance of bitdice, but I don't like getting ripped off.
Either they pay the above mentioned expense from the ICO proceeding and fully distribute the profits. Or they pay all expenditures from the net profits, but in turn treat the tokens like shares in the company.

The last point is vitally important in the case of closing the company. Let's assume in 2 years the team decides that the company wasn't profitable anymore and that they want to close it. The tokens would be worthless at that point, although the assets from the ICO are mainly still there, probably beeing distributed among the team.
One might even say that this creates an incentive to running the company into the ground...

Its serious they are not operating with their own money they are operating with investor money token market cap dropped from 10$ million to 2$ million and  under 5% promises from 2017 are completed.
Nobody would complain if they were investing their own money in their own business.
You think everything is fine beacuse they pay out when someone win and you get money for your signature
If you have the money and want, then you can let develop a new casino within 3 months.

The delivery of only 5% of the promised usage of the invested money after 2 years is clearly the criminal offense of investment fraud!

Curious why investors do not complain that they lost 80% of its investment?

Maybe the numbers of collected funds are faked to attrack investors?

Very bad casinos, ...

There are similar sites that do end up on the same path https://www.katiewager.com/gambling-tokens.html so this one isnt surprising.


What I can tell is that all sites will follow the same path (90%-100% lost of value) if decided to call for an ICO pledged to USD value with a token and then get it listed on some random exchanges, it is likely that the coin/token value will drop immediately, mainly because of the owner will likely dump the remaining of his unsold token to the public via these random exchanges. It only legit if any how there is an exact model of real life IPO/ Public offering to be carried over and apply to crypto and it denomination/minium price will alway be valuated against BTC, as well as there will aways be a full buy back commitment after a certain period of time (at least any investor can have his stake buy back fully at wish with original committed price).

It is interesting to see people who will still support the website after all that is done. We are talking about people who had thousands of bitcoin, millions of dollars and yet we are still talking about "can't implement new things to outdated website".

I am sorry but with that kind of money you can hire the best developers around the globe for months on out until they finish the websites new version and on top of that add insane amount of games and features, we are not talking about couple thousand dollars here, we are talking about millions of dollars here, they have more than enough money to continue to work like that.

Hopefully, either they will realize they did a mistake by not doing anything so far and quickly change some stuff, or people at least will realize that the team doesn't have best of intentions.

Why is the 365/JAZ license invalid?


They have used Cryptogambling Foundation seal for some time while some of their games weren't provably fair and they were restricted from CGF to use it  : https://bitcointalk.org/index.php?topic=5224823.0


Title: Re: BitDice deceived investors?
Post by: logfiles on February 10, 2020, 11:17:45 PM
Many if not all ICOs back in 2017 made such promises to investors. Anyone who was careful enough would have thought that the price of an asset is driven by demand and when demand dies out, the price will always go down.
I dunno how this is going to be handled but i feel sorry for those who put their money into the ICO


Title: Re: BitDice deceived investors?
Post by: andulolika on February 14, 2020, 09:06:28 PM
The site is doing great, I never heard of a investor making any claim and I almost buy the token myself and I regret not doing so. It didn't decieve anyone it paid out investors and it made the investment thru the token as "shares" of the site, so now it pays dividends.
I spent quite a lot of time on the site in the past and I know it's legit, besides all that it has one of the best paid signature campaing out there.

All the negative things you mentioning I'm quite unaware of.


Title: Re: BitDice deceived investors?
Post by: BoXXoB on February 14, 2020, 09:27:42 PM
There's been a bunch of speculation going on in the BitDice thread (https://bitcointalk.org/index.php?topic=1700658.new;topicseen#new).

I've done my best to address the questions I have answers for. I've seen signs of progress myself of the upcoming site update and can say that progress is being made although it's obviously not visible on the website. I've been told there might be some information about the progress that has been made on the upcoming quarterly report.

Joksim has been one of the people participating in the speculation on the aforementioned thread. The people participating in the speculation seem to, for the most part, be ignoring all of my answers as well as always coming up with a new question without addressing my responses.

As I've said multiple times already, the management is not hiding the fact that things have been delayed. I think that's pretty clear. As I've said, there's work being done and results should be visible sooner or later. Nobody has abandoned the project.


Title: Re: BitDice deceived investors?
Post by: joksim299 on February 14, 2020, 09:32:02 PM
There's been a bunch of speculation going on in the BitDice thread (https://bitcointalk.org/index.php?topic=1700658.new;topicseen#new).

I've done my best to address the questions I have answers for. I've seen signs of progress myself of the upcoming site update and can say that progress is being made although it's obviously not visible on the website. I've been told there might be some information about the progress that has been made on the upcoming quarterly report.

Joksim has been one of the people participating in the speculation on the aforementioned thread. The people participating in the speculation seem to, for the most part, be ignoring all of my answers as well as always coming up with a new question without addressing my responses.

As I've said multiple times already, the management is not hiding the fact that things have been delayed. I think that's pretty clear. As I've said, there's work being done and results should be visible sooner or later. Nobody has abandoned the project.

I'll quote some posts from thread here.
Why legal expenses are increasing month by month?
Those things mentioned in road map can't take decade to be completed. Quarterly reports are generic and made up.

The site is doing great, I never heard of a investor making any claim and I almost buy the token myself and I regret not doing so. It didn't decieve anyone it paid out investors and it made the investment thru the token as "shares" of the site, so now it pays dividends.
I spent quite a lot of time on the site in the past and I know it's legit, besides all that it has one of the best paid signature campaing out there.

All the negative things you mentioning I'm quite unaware of.

You were lucky to not buy CSNO your coins would end up in black hole.


Updated op with quotes from BitDice thread.


Title: Re: BitDice deceived investors?
Post by: BoXXoB on February 14, 2020, 09:43:05 PM
There's been a bunch of speculation going on in the BitDice thread (https://bitcointalk.org/index.php?topic=1700658.new;topicseen#new).

I've done my best to address the questions I have answers for. I've seen signs of progress myself of the upcoming site update and can say that progress is being made although it's obviously not visible on the website. I've been told there might be some information about the progress that has been made on the upcoming quarterly report.

Joksim has been one of the people participating in the speculation on the aforementioned thread. The people participating in the speculation seem to, for the most part, be ignoring all of my answers as well as always coming up with a new question without addressing my responses.

As I've said multiple times already, the management is not hiding the fact that things have been delayed. I think that's pretty clear. As I've said, there's work being done and results should be visible sooner or later. Nobody has abandoned the project.

I'll quote some posts from thread here.
Why legal expenses are increasing month by month?
Those things mentioned in road map can't take decade to be completed. Quarterly reports are generic and made up.

Legal expenses aren't something that falls within my area of expertise.

And as I've said, there has been delays but the new website is getting closer and closer. I'll leave details to the reports.


Title: Re: BitDice deceived investors?
Post by: andulolika on February 14, 2020, 09:47:06 PM
There's been a bunch of speculation going on in the BitDice thread (https://bitcointalk.org/index.php?topic=1700658.new;topicseen#new).

I've done my best to address the questions I have answers for. I've seen signs of progress myself of the upcoming site update and can say that progress is being made although it's obviously not visible on the website. I've been told there might be some information about the progress that has been made on the upcoming quarterly report.

Joksim has been one of the people participating in the speculation on the aforementioned thread. The people participating in the speculation seem to, for the most part, be ignoring all of my answers as well as always coming up with a new question without addressing my responses.

As I've said multiple times already, the management is not hiding the fact that things have been delayed. I think that's pretty clear. As I've said, there's work being done and results should be visible sooner or later. Nobody has abandoned the project.

I'll quote some posts from thread here.
Why legal expenses are increasing month by month?
Those things mentioned in road map can't take decade to be completed. Quarterly reports are generic and made up.

The site is doing great, I never heard of a investor making any claim and I almost buy the token myself and I regret not doing so. It didn't decieve anyone it paid out investors and it made the investment thru the token as "shares" of the site, so now it pays dividends.
I spent quite a lot of time on the site in the past and I know it's legit, besides all that it has one of the best paid signature campaing out there.

All the negative things you mentioning I'm quite unaware of.

You were lucky to not buy CSNO your coins would end up in black hole.


Updated op with quotes from BitDice thread.
That's wrong, my coins would of been way better invested in CSNO rather than in physical slott machines.


Title: Re: BitDice deceived investors?
Post by: joksim299 on February 14, 2020, 10:16:46 PM
There's been a bunch of speculation going on in the BitDice thread (https://bitcointalk.org/index.php?topic=1700658.new;topicseen#new).

I've done my best to address the questions I have answers for. I've seen signs of progress myself of the upcoming site update and can say that progress is being made although it's obviously not visible on the website. I've been told there might be some information about the progress that has been made on the upcoming quarterly report.

Joksim has been one of the people participating in the speculation on the aforementioned thread. The people participating in the speculation seem to, for the most part, be ignoring all of my answers as well as always coming up with a new question without addressing my responses.

As I've said multiple times already, the management is not hiding the fact that things have been delayed. I think that's pretty clear. As I've said, there's work being done and results should be visible sooner or later. Nobody has abandoned the project.

I'll quote some posts from thread here.
Why legal expenses are increasing month by month?
Those things mentioned in road map can't take decade to be completed. Quarterly reports are generic and made up.

The site is doing great, I never heard of a investor making any claim and I almost buy the token myself and I regret not doing so. It didn't decieve anyone it paid out investors and it made the investment thru the token as "shares" of the site, so now it pays dividends.
I spent quite a lot of time on the site in the past and I know it's legit, besides all that it has one of the best paid signature campaing out there.

All the negative things you mentioning I'm quite unaware of.

You were lucky to not buy CSNO your coins would end up in black hole.


Updated op with quotes from BitDice thread.
That's wrong, my coins would of been way better invested in CSNO rather than in physical slott machines.

Yes, you would now have loss of 70% while on slots you probably would end up losing everything.

@Boxxob
Site running costs (which are over 400k$+ per year) should be paid by owner 30% not investors, read whitepaper link is in the first post its nowhere mentioned that owners will pay those expenses.


Title: Re: BitDice deceived investors?
Post by: BoXXoB on February 14, 2020, 11:00:07 PM
There's been a bunch of speculation going on in the BitDice thread (https://bitcointalk.org/index.php?topic=1700658.new;topicseen#new).

I've done my best to address the questions I have answers for. I've seen signs of progress myself of the upcoming site update and can say that progress is being made although it's obviously not visible on the website. I've been told there might be some information about the progress that has been made on the upcoming quarterly report.

Joksim has been one of the people participating in the speculation on the aforementioned thread. The people participating in the speculation seem to, for the most part, be ignoring all of my answers as well as always coming up with a new question without addressing my responses.

As I've said multiple times already, the management is not hiding the fact that things have been delayed. I think that's pretty clear. As I've said, there's work being done and results should be visible sooner or later. Nobody has abandoned the project.

I'll quote some posts from thread here.
Why legal expenses are increasing month by month?
Those things mentioned in road map can't take decade to be completed. Quarterly reports are generic and made up.

The site is doing great, I never heard of a investor making any claim and I almost buy the token myself and I regret not doing so. It didn't decieve anyone it paid out investors and it made the investment thru the token as "shares" of the site, so now it pays dividends.
I spent quite a lot of time on the site in the past and I know it's legit, besides all that it has one of the best paid signature campaing out there.

All the negative things you mentioning I'm quite unaware of.

You were lucky to not buy CSNO your coins would end up in black hole.


Updated op with quotes from BitDice thread.
That's wrong, my coins would of been way better invested in CSNO rather than in physical slott machines.

Yes, you would now have loss of 70% while on slots you probably would end up losing everything.

@Boxxob
Site running costs (which are over 400k$+ per year) should be paid by owner 30% not investors, read whitepaper link is in the first post its nowhere mentioned that owners will pay those expenses.

The profit sharing falls pretty far out of my area of expertise.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 16, 2020, 05:28:55 PM
1) Bitdice collected the investment sum of USD 10 million in exchange for CSNO tokens.

2) Meanwhile the CSNO tokens lost 80% of its value

3) That means that Bitdice lost USD 8 million of the collected USD 10 million!

Is the accounting available how Bitdice lost the invested USD 8 million?



Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 16, 2020, 05:31:54 PM
1) Bitdice collected the investment sum of USD 10 million in exchange for CSNO tokens.

2) Meanwhile the CSNO tokens lost 90% of its value

3) That means that Bitdice lost USD 9 million of the collected USD 10 million!

Is the accounting available how Bitdice lost this USD 9 million?


The value of the tokens have nothing to do with the value of the dividends.
The value of the token is bound to the value of eth/btc if we count the swing eth took in last years you got your answer.
yall fiat counters are disappointing, long live  crypto.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 16, 2020, 05:39:44 PM
The value of the tokens have nothing to do with the value of the dividends.
Nonsense! The higher the dividend of a company share the higher is the value of the share!


The value of the token is bound to the value of eth/btc if we count the swing eth took in last years you got your answer.
Did investors invest Fiat money or Bitcoin/Ethereum?

What was the value of Bitcoin and Ethereum when investors purchased shares in form of the CSNO tokens?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 16, 2020, 07:06:10 PM
The value of the tokens have nothing to do with the value of the dividends.
Nonsense! The higher the dividend of a company share the higher is the value of the share!


The value of the token is bound to the value of eth/btc if we count the swing eth took in last years you got your answer.
Did investors invest Fiat money or Bitcoin/Ethereum?

What was the value of Bitcoin and Ethereum when investors purchased shares in form of the CSNO tokens?
Investors invested BTC/ETH then why you bring up the FIAT price that swings a lot?

Price can be exactly the same csno vs eth but you making claims on the price of eth vs fiat.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 16, 2020, 07:42:13 PM
The value of the tokens have nothing to do with the value of the dividends.
Nonsense! The higher the dividend of a company share the higher is the value of the share!


The value of the token is bound to the value of eth/btc if we count the swing eth took in last years you got your answer.
Did investors invest Fiat money or Bitcoin/Ethereum?

What was the value of Bitcoin and Ethereum when investors purchased shares in form of the CSNO tokens?

Investors invested BTC/ETH then why you bring up the FIAT price that swings a lot?
Because the value of Bitcoin/Ethereum is the Fiat price! ::)

No, you seemingly a fiat thinker.
You think in bitcoin and ethereum not in fiat.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 16, 2020, 09:33:35 PM
1) Bitdice collected the investment sum of USD 10 million in exchange for CSNO tokens.

2) Meanwhile the CSNO tokens lost 90% of its value

3) That means that Bitdice lost USD 9 million of the collected USD 10 million!

Is the accounting available how Bitdice lost the invested USD 9 million?

I think your logic is quite flawed in my personal opinion. The token price is down, sure but it's a dividend token which means the investors are still entitled to part of future profits which are estimated to get better after the new website is ready and marketing kicks off. I'm not even sure it's worth arguing with you at this point considering how you seem to think the token price somehow reflects that the invested money has been lost. Spoiler alert: It has not been lost. Most of what was invested was sold for fiat to avoid potential issues if crypto plummets. What wasn't sold has been mostly put into the bankroll.

Your points would make sense if there was somehow nothing left of the invested amount but as you can see from the quarterly reports, that's not the case.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: marlboroza on February 16, 2020, 10:09:25 PM
As investor, you have right to know what they did with your money and every single cent of invested money. Do you have such information?

Quote
I compiled what is done in the list below:

    No New Slot Providers
    No Live Games
    No Smart Contracts
    No Roulette
    No Baccart
    No Bitdice Own Games
    No Texas Holdem Poker

Now they didn't complete most of their promises and site looks and works same as it was before ICO

Ok, looking at roadmap picture, they said they will have these games available in 2017/2018., games should have attracted new players and I suppose that is one of the main reasons to invest in gambling site, if they still didn't release them then they lied to investors, tricked them to invest and scammed them. Why is this in reputation?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 16, 2020, 10:27:39 PM
As investor, you have right to know what they did with your money and every single cent of invested money. Do you have such information?

Quote
I compiled what is done in the list below:

    No New Slot Providers
    No Live Games
    No Smart Contracts
    No Roulette
    No Baccart
    No Bitdice Own Games
    No Texas Holdem Poker

Now they didn't complete most of their promises and site looks and works same as it was before ICO

Ok, looking at roadmap picture, they said they will have these games available in 2017/2018., games should have attracted new players and I suppose that is one of the main reasons to invest in gambling site, if they still didn't release them then they lied to investors, tricked them to invest and scammed them. Why is this in reputation?

I should move it to Scam Acc. thread
I posted it in reputation since they should have whats invested - operating cost.
Token is bound to $ value all collected tokens were converted to $ when ICO concluded.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: yahoo62278 on February 16, 2020, 10:39:51 PM
@Boxxob have you shown this to alex( I believe that's the owner) yet? Why hasn't he responded so far? Thread has been up for nearly a week.

I am not an investor so I would not like to speculate here. Alex could come in and set some things straight for users or at least explain some issues.



Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 16, 2020, 10:43:05 PM
@Boxxob have you shown this to alex( I believe that's the owner) yet? Why hasn't he responded so far? Thread has been up for nearly a week.

I am not an investor so I would not like to speculate here. Alex could come in and set some things straight for users or at least explain some issues.



I first posted it in reputation thread since they can fix things or at least explain what is happening.
I posted same questions in official thread @Boxxob who is representative do not have required info and old signature campaign members tried to make posts irrelevant.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 16, 2020, 11:22:55 PM
@Boxxob have you shown this to alex( I believe that's the owner) yet? Why hasn't he responded so far? Thread has been up for nearly a week.

I am not an investor so I would not like to speculate here. Alex could come in and set some things straight for users or at least explain some issues.



He is aware of the thread. I believe the biggest issue is that there's not been updates on the site. I've tried to explain that it's being worked currently and the new release is getting pretty close although there's still work to do.

This speculation is just that... speculation and I doubt it's going to change until there's a new release. Of course this is my personal opinion so feel free to disagree. As I've mentioned in multiple occasions, nobody is hiding the fact that there's been delays. I find it pretty silly to call the site a scam while things are being worked on. Right now it feels more like pressuring the site to rush out a release just for the sake of it.

I have personally seen what kind of progress has been made (for example how the new design is going to look like) but if people don't believe that, I'm unsure what else to say. The upcoming quarterly report should contain information and possibly concrete evidence of what has been done.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: marlboroza on February 16, 2020, 11:31:12 PM
This speculation is just that... speculation and I doubt it's going to change until there's a new release. Of course this is my personal opinion so feel free to disagree. As I've mentioned in multiple occasions, nobody is hiding the fact that there's been delays.
Excuse me, but how is investor complaining that you didn't deliver something which you supposed to deliver in 2017/2018 (2 years ago) speculation?

I find it pretty silly to call the site a scam while things are being worked on. Right now it feels more like pressuring the site to rush out a release just for the sake of it.
So you invest in something and they say they will do something in 2017., you complain in 2020. that they still didn't do it, and you call that a silly accusation, pressuring someone ???


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 16, 2020, 11:40:44 PM
This speculation is just that... speculation and I doubt it's going to change until there's a new release. Of course this is my personal opinion so feel free to disagree. As I've mentioned in multiple occasions, nobody is hiding the fact that there's been delays.
Excuse me, but how is investor complaining that you didn't deliver something which you supposed to deliver in 2017/2018 (2 years ago) speculation?

I find it pretty silly to call the site a scam while things are being worked on. Right now it feels more like pressuring the site to rush out a release just for the sake of it.
So you invest in something and they say they will do something in 2017., you complain in 2020. that they still didn't do it, and you call that a silly accusation, pressuring someone ???

Yes, I believe it's silly to accuse of being a scam when a response has been given about how the things that the complaint is about are being worked on. Scam would be if there was no effort being put into anything and everything is simply being left as it is. Then again, maybe my definition of a scam is different than yours.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 16, 2020, 11:42:35 PM
This speculation is just that... speculation and I doubt it's going to change until there's a new release. Of course this is my personal opinion so feel free to disagree. As I've mentioned in multiple occasions, nobody is hiding the fact that there's been delays.
Excuse me, but how is investor complaining that you didn't deliver something which you supposed to deliver in 2017/2018 (2 years ago) speculation?

I find it pretty silly to call the site a scam while things are being worked on. Right now it feels more like pressuring the site to rush out a release just for the sake of it.
So you invest in something and they say they will do something in 2017., you complain in 2020. that they still didn't do it, and you call that a silly accusation, pressuring someone ???

And top of that Bitdice owner/ICO organizer still have 10,000,000$ while total investors share including owner stake is now worth $2,000,000 so I am assuming everything is delayed on purpose now owner can buy most of  remaining tokens and profit they already profited 700,000$ from investors by fabricating expenses for running site and if you convert raised capital to current prices its worth over 33,000,000$

Yes, I believe it's silly to accuse of being a scam when a response has been given about how the things that the complaint is about are being worked on. Scam would be if there was no effort being put into anything and everything is simply being left as it is. Then again, maybe my definition of a scam is different than yours.

With 700,000$ spent solely on running old site which according to Boxxob can't be updated while doing nothing is scam by itself.
Give $100k to any casino out there and see what they can do with the money you are spending quarterly while investors didn't agree to pay for those figured costs.

- I really hope that next step is not scamming players for their money


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 17, 2020, 12:57:27 AM
This speculation is just that... speculation and I doubt it's going to change until there's a new release. Of course this is my personal opinion so feel free to disagree. As I've mentioned in multiple occasions, nobody is hiding the fact that there's been delays.
Excuse me, but how is investor complaining that you didn't deliver something which you supposed to deliver in 2017/2018 (2 years ago) speculation?

I find it pretty silly to call the site a scam while things are being worked on. Right now it feels more like pressuring the site to rush out a release just for the sake of it.
So you invest in something and they say they will do something in 2017., you complain in 2020. that they still didn't do it, and you call that a silly accusation, pressuring someone ???

And top of that Bitdice owner/ICO organizer still have 10,000,000$ while total investors share including owner stake is now worth $2,000,000 so I am assuming everything is delayed on purpose now owner can buy most of  remaining tokens and profit they already profited 700,000$ from investors by fabricating expenses for running site.

Yes, I believe it's silly to accuse of being a scam when a response has been given about how the things that the complaint is about are being worked on. Scam would be if there was no effort being put into anything and everything is simply being left as it is. Then again, maybe my definition of a scam is different than yours.

With 700,000$ spent solely on running old site which according to Boxxob can't be updated while doing nothing is scam by itself.
Give $100k to any casino out there and see what they can do with the money you are spending quarterly while investors didn't agree to pay for those figured costs.

- I really hope that next step is not scamming players for their money

There are quite a bunch of games and few currencies that were added in the past years, count that the signature campaing is one of the best paid of this forum each single legendary user is 3640 usd a year.
Had no idea site was expecting a update but there were new slott games it even added sports betting last year.
I never seen in over a year lurking that chat of any investor whining.

And the site was updated few years ago not sure how everyone forgot.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 17, 2020, 01:14:56 AM
This speculation is just that... speculation and I doubt it's going to change until there's a new release. Of course this is my personal opinion so feel free to disagree. As I've mentioned in multiple occasions, nobody is hiding the fact that there's been delays.
Excuse me, but how is investor complaining that you didn't deliver something which you supposed to deliver in 2017/2018 (2 years ago) speculation?

I find it pretty silly to call the site a scam while things are being worked on. Right now it feels more like pressuring the site to rush out a release just for the sake of it.
So you invest in something and they say they will do something in 2017., you complain in 2020. that they still didn't do it, and you call that a silly accusation, pressuring someone ???

And top of that Bitdice owner/ICO organizer still have 10,000,000$ while total investors share including owner stake is now worth $2,000,000 so I am assuming everything is delayed on purpose now owner can buy most of  remaining tokens and profit they already profited 700,000$ from investors by fabricating expenses for running site.

Yes, I believe it's silly to accuse of being a scam when a response has been given about how the things that the complaint is about are being worked on. Scam would be if there was no effort being put into anything and everything is simply being left as it is. Then again, maybe my definition of a scam is different than yours.

With 700,000$ spent solely on running old site which according to Boxxob can't be updated while doing nothing is scam by itself.
Give $100k to any casino out there and see what they can do with the money you are spending quarterly while investors didn't agree to pay for those figured costs.

- I really hope that next step is not scamming players for their money

There are quite a bunch of games and few currencies that were added in the past years, count that the signature campaing is one of the best paid of this forum each single legendary user is 3640 usd a year.
Had no idea site was expecting a update but there were new slott games it even added sports betting last year.
I never seen in over a year lurking that chat of any investor whining.

And the site was updated few years ago not sure how everyone forgot.

Those are slots that were already there before ICO.
You had no idea because you did not invest or follow ICO.
They are trapped now and do not want to post anything in hope to recover their investment, I would like investors to come up in this thread.
That update is also irrelevant.
Signature campaign is sadly their only marketing campaign since ICO concluded.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 17, 2020, 01:22:00 AM
I'm quoting you "deliver in 2017/2018 (2 years ago)"
The small update to the site coincides with the promise.
The slott games been added quite often and there is a huge amount of them now.
There are new games.
and currencies
and minor updates
and a going on bigger update

While I didn't follow the ICO I did spend a bunch of time in the chat.
You are the only user that come and generates FUD for some unknown reason.

On a side note, that new rating looks great, next time inform yourself before following a false flag or let me know when you investigated enough.
Might leave it since I see that persistence might be paid by competency.

You cannot lie to me because I seen how the site updated thru the years, If I'm something that thing is a gambler.

I see you keep editing your post, the update isn't irrelevant it was the only thing you had against the site excluding the funding which is still there.
Not like you got many ways to promote a casino. These bumps, someone might thank you for them.


when people doesn't want to hear you can do anything and they will keep repeating the lies till they believe them themselves
one can only sell a product that one believes in.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: marlboroza on February 17, 2020, 01:25:01 AM
This speculation is just that... speculation and I doubt it's going to change until there's a new release. Of course this is my personal opinion so feel free to disagree. As I've mentioned in multiple occasions, nobody is hiding the fact that there's been delays.
Excuse me, but how is investor complaining that you didn't deliver something which you supposed to deliver in 2017/2018 (2 years ago) speculation?

I find it pretty silly to call the site a scam while things are being worked on. Right now it feels more like pressuring the site to rush out a release just for the sake of it.
So you invest in something and they say they will do something in 2017., you complain in 2020. that they still didn't do it, and you call that a silly accusation, pressuring someone ???

Yes, I believe it's silly to accuse of being a scam when a response has been given about how the things that the complaint is about are being worked on. Scam would be if there was no effort being put into anything and everything is simply being left as it is. Then again, maybe my definition of a scam is different than yours.
This sound like very bad  excuse.

Why bitdice didn't add games to site when they said they will?

They ran ICO, took money, so what happened to games then?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 17, 2020, 01:43:06 AM
I'm quoting you "deliver in 2017/2018 (2 years ago)"
The small update to the site coincides with the promise.
The slott games been added quite often and there is a huge amount of them now.
There are new games.
and currencies
and minor updates
and a going on bigger update

While I didn't follow the ICO I did spend a bunch of time in the chat.
You are the only user that come and generates FUD for some unknown reason.

On a side note, that new rating looks great, next time inform yourself before following a false flag or let me know when you investigated enough.
Might leave it since I see that persistence might be paid by competency.

You cannot lie to me because I seen how the site updated thru the years, If I'm something that thing is a gambler.

I see you keep editing your post, the update isn't irrelevant it was the only thing you had against the site excluding the funding which is still there.
Not like you got many ways to promote a casino. These bumps, someone might thank you for them.


when people doesn't want to hear you can do anything and they will keep repeating the lies till they believe them themselves
one can only sell a product that one believes in.

Please read Whitepaper and ICO infographic.
Those 10 slot games they added in 2018 are drop in the sea.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 17, 2020, 01:48:47 AM
I'm quoting you "deliver in 2017/2018 (2 years ago)"
The small update to the site coincides with the promise.
The slott games been added quite often and there is a huge amount of them now.
There are new games.
and currencies
and minor updates
and a going on bigger update

While I didn't follow the ICO I did spend a bunch of time in the chat.
You are the only user that come and generates FUD for some unknown reason.

On a side note, that new rating looks great, next time inform yourself before following a false flag or let me know when you investigated enough.
Might leave it since I see that persistence might be paid by competency.

You cannot lie to me because I seen how the site updated thru the years, If I'm something that thing is a gambler.

I see you keep editing your post, the update isn't irrelevant it was the only thing you had against the site excluding the funding which is still there.
Not like you got many ways to promote a casino. These bumps, someone might thank you for them.


when people doesn't want to hear you can do anything and they will keep repeating the lies till they believe them themselves
one can only sell a product that one believes in.

Please read Whitepaper and ICO infographic.
Those 10 slot games they added in 2018 are drop in the sea.
If I didn't miss count I just count 160 slot machine games. How many should there be/been before?

excluding slots which i don't pay much attention to now there are sports betting too.
On a side note bit aces is quite great.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 17, 2020, 01:52:11 AM
I'm quoting you "deliver in 2017/2018 (2 years ago)"
The small update to the site coincides with the promise.
The slott games been added quite often and there is a huge amount of them now.
There are new games.
and currencies
and minor updates
and a going on bigger update

While I didn't follow the ICO I did spend a bunch of time in the chat.
You are the only user that come and generates FUD for some unknown reason.

On a side note, that new rating looks great, next time inform yourself before following a false flag or let me know when you investigated enough.
Might leave it since I see that persistence might be paid by competency.

You cannot lie to me because I seen how the site updated thru the years, If I'm something that thing is a gambler.

I see you keep editing your post, the update isn't irrelevant it was the only thing you had against the site excluding the funding which is still there.
Not like you got many ways to promote a casino. These bumps, someone might thank you for them.


when people doesn't want to hear you can do anything and they will keep repeating the lies till they believe them themselves
one can only sell a product that one believes in.

Please read Whitepaper and ICO infographic.
Those 10 slot games they added in 2018 are drop in the sea.
If I didn't miss count I just count 160 slot machine games.

excluding slots which i don't pay much attention to now there are sports betting too.
On a side note bit aces is quite great.

Cool. Do you enjoy playing their Live Dealer games?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 17, 2020, 01:53:13 AM
I'm quoting you "deliver in 2017/2018 (2 years ago)"
The small update to the site coincides with the promise.
The slott games been added quite often and there is a huge amount of them now.
There are new games.
and currencies
and minor updates
and a going on bigger update

While I didn't follow the ICO I did spend a bunch of time in the chat.
You are the only user that come and generates FUD for some unknown reason.

On a side note, that new rating looks great, next time inform yourself before following a false flag or let me know when you investigated enough.
Might leave it since I see that persistence might be paid by competency.

You cannot lie to me because I seen how the site updated thru the years, If I'm something that thing is a gambler.

I see you keep editing your post, the update isn't irrelevant it was the only thing you had against the site excluding the funding which is still there.
Not like you got many ways to promote a casino. These bumps, someone might thank you for them.


when people doesn't want to hear you can do anything and they will keep repeating the lies till they believe them themselves
one can only sell a product that one believes in.

Please read Whitepaper and ICO infographic.
Those 10 slot games they added in 2018 are drop in the sea.
If I didn't miss count I just count 160 slot machine games.

excluding slots which i don't pay much attention to now there are sports betting too.
On a side note bit aces is quite great.

Cool. Do you enjoy playing their Live Dealer games?
I like bit aces and satoshis secret, anyhow from previous irl experiences I try to stay away from slotts.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 17, 2020, 01:57:37 AM
I'm quoting you "deliver in 2017/2018 (2 years ago)"
The small update to the site coincides with the promise.
The slott games been added quite often and there is a huge amount of them now.
There are new games.
and currencies
and minor updates
and a going on bigger update

While I didn't follow the ICO I did spend a bunch of time in the chat.
You are the only user that come and generates FUD for some unknown reason.

On a side note, that new rating looks great, next time inform yourself before following a false flag or let me know when you investigated enough.
Might leave it since I see that persistence might be paid by competency.

You cannot lie to me because I seen how the site updated thru the years, If I'm something that thing is a gambler.

I see you keep editing your post, the update isn't irrelevant it was the only thing you had against the site excluding the funding which is still there.
Not like you got many ways to promote a casino. These bumps, someone might thank you for them.


when people doesn't want to hear you can do anything and they will keep repeating the lies till they believe them themselves
one can only sell a product that one believes in.

Please read Whitepaper and ICO infographic.
Those 10 slot games they added in 2018 are drop in the sea.
If I didn't miss count I just count 160 slot machine games.

excluding slots which i don't pay much attention to now there are sports betting too.
On a side note bit aces is quite great.

Cool. Do you enjoy playing their Live Dealer games?
I like bit aces and satoshis secret, anyhow from previous irl experiences I try to stay away from slotts.

How about BitDice own Baccart game that they promised to add in Q3-2018 or Bitdice Video Poker or Plinko all promised to be delivered 2 years ago?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 17, 2020, 02:21:33 AM
I'm quoting you "deliver in 2017/2018 (2 years ago)"
The small update to the site coincides with the promise.
The slott games been added quite often and there is a huge amount of them now.
There are new games.
and currencies
and minor updates
and a going on bigger update

While I didn't follow the ICO I did spend a bunch of time in the chat.
You are the only user that come and generates FUD for some unknown reason.

On a side note, that new rating looks great, next time inform yourself before following a false flag or let me know when you investigated enough.
Might leave it since I see that persistence might be paid by competency.

You cannot lie to me because I seen how the site updated thru the years, If I'm something that thing is a gambler.

I see you keep editing your post, the update isn't irrelevant it was the only thing you had against the site excluding the funding which is still there.
Not like you got many ways to promote a casino. These bumps, someone might thank you for them.


when people doesn't want to hear you can do anything and they will keep repeating the lies till they believe them themselves
one can only sell a product that one believes in.

Please read Whitepaper and ICO infographic.
Those 10 slot games they added in 2018 are drop in the sea.
If I didn't miss count I just count 160 slot machine games.

excluding slots which i don't pay much attention to now there are sports betting too.
On a side note bit aces is quite great.

Cool. Do you enjoy playing their Live Dealer games?
I like bit aces and satoshis secret, anyhow from previous irl experiences I try to stay away from slotts.

How about BitDice own Baccart game that they promised to add in Q3-2018 or Bitdice Video Poker or Plinko all promised to be delivered 2 years ago?

https://imgur.com/a/32Lf8cK
countless video poker

no plinko, I has my plinko site tho and I doubt anyone can make a better one.

might of missed the "own" part but not certain since the no commission one.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 17, 2020, 02:57:13 AM
What I do not understand, if the invested USD 10 million are still there why did the CSNO tokens lose USD 8 million?

If the invested USD 10 million are still there, then the value of the CSNO tokens should be USD 10 million, because the CSNO tokens represent the value of the invested amount + casino profits - casino losses.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 17, 2020, 02:59:16 AM
What I do not understand, if the invested USD 10 million are still there why did the CSNO tokens lose USD 8 million?

If the invested USD 10 million are still there, then the value of the CSNO tokens should be USD 10 million, because the value of the CSNO tokens is at least the remaining sum of the invested amount.
IF that's an actual question then... He didn't put the 10 million as buy wall for the token obviously.
I don't really understand why any crypto believer would hold fiat anyhow, could of keept part in crypto.
I'm not saying im fully satisfied with how the situation looks but I don't think anyone got scammed/iscompromised/promiseswontbekeept

It's been proven thru the years that development isn't a easy thing.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 17, 2020, 03:16:55 AM
To add new games takes maximal few months if you have the money to pay the developers.

It is also not like you have to develop new games from the scratch. Most games already exist and can be easily added.

In case of Bitdice it is clear that the administration intentionally did not use the collected investment funds for the promised purpose and investors can demand the full amont of its investment back!



Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 17, 2020, 03:26:10 AM
To add new games takes maximal few months if you have the money to pay the developers.

It is also not like you have to develop new games from the scratch. Most games already exist and can be easily added.

In case of Bitdice it is clear that the administration intentionally did not use the collected investment funds for the promised purpose and investors can demand the full amont of its investment back!


I never thought Alex is the kind of guy that gets people to develop for him. And if it is like I think being a lonely dev must be hard and slow work, I would hate having to let others see code of the site.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 17, 2020, 03:53:32 AM
I never thought Alex is the kind of guy that gets people to develop for him. And if it is like I think being a lonely dev must be hard and slow work, I would hate having to let others see code of the site.
If Alex is a lonely and slow working dev, then he knew that he is not able to fulfill the roadmap connected to the investments and intentionally misleaded and deceived the investors and is liable for the damage caused!


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: yahoo62278 on February 17, 2020, 04:09:40 AM
I have not looked at the white paper of the ICO or anything to do with the ICO, so I'd like to play the part of a person who did no research to this point but has questions.

10 million dollars was collected correct?

Was the money collected in fiat, btc, or eth, or other alts?

What was the value of said currencies at the time of collecting for the ICO?

If cryptocurrencies were accepted to buy tokens, did Alex keep the money in cryptos? Fiat conversion?

If he kept it in cryptocurrencies when the price of crypto rose, why didnt the value of the tokens held by investors?

What about forked coins? Was any claimed? Did that value go to investors?

Some of these questions obviously are irrelevant if ICO funds were converted to fiat.

Would like to see the answers to these questions though.



Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 17, 2020, 11:19:14 AM
This speculation is just that... speculation and I doubt it's going to change until there's a new release. Of course this is my personal opinion so feel free to disagree. As I've mentioned in multiple occasions, nobody is hiding the fact that there's been delays.
Excuse me, but how is investor complaining that you didn't deliver something which you supposed to deliver in 2017/2018 (2 years ago) speculation?

I find it pretty silly to call the site a scam while things are being worked on. Right now it feels more like pressuring the site to rush out a release just for the sake of it.
So you invest in something and they say they will do something in 2017., you complain in 2020. that they still didn't do it, and you call that a silly accusation, pressuring someone ???

Yes, I believe it's silly to accuse of being a scam when a response has been given about how the things that the complaint is about are being worked on. Scam would be if there was no effort being put into anything and everything is simply being left as it is. Then again, maybe my definition of a scam is different than yours.
This sound like very bad  excuse.

Why bitdice didn't add games to site when they said they will?

They ran ICO, took money, so what happened to games then?

BitDice hasn't added all of those games yet but that doesn't mean it won't happen in the future. The new site is the priority at the moment and on the new site those features will be added. Yes, it's delayed as I've said but that doesn't mean the promises were just swept under the rug.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 17, 2020, 11:42:02 AM
I have not looked at the white paper of the ICO or anything to do with the ICO, so I'd like to play the part of a person who did no research to this point but has questions.

10 million dollars was collected correct?

Was the money collected in fiat, btc, or eth, or other alts?

What was the value of said currencies at the time of collecting for the ICO?

If cryptocurrencies were accepted to buy tokens, did Alex keep the money in cryptos? Fiat conversion?

If he kept it in cryptocurrencies when the price of crypto rose, why didnt the value of the tokens held by investors?

What about forked coins? Was any claimed? Did that value go to investors?

Some of these questions obviously are irrelevant if ICO funds were converted to fiat.

Would like to see the answers to these questions though.



Money was collected in BTC, ETH and some other alts. I think the total amount was somewhere between 8.5 and 10 million.

A part of the cryptocurrencies was sold for fiat and rest was was kept in cryptos. I believe something like 4 million was converted into fiat according to the quarterly reports.

I haven't heard of any forked coins being claimed.

The issue is that the token price is not tied to the amount invested other than the fact that it determined the initial price per token at the time of the sale. It was never supposed to be, it's a dividend token which means token holders are and will be entitled to a part of the site profit, that's it. Of course the fact that BitDice is still working on those promises and which is also holding back things like marketing, the returns for investors so far haven't been so good but investors are still entitled to the same exact things they were entitled to after the ICO.

I would personally just hope for patience while the new site is being finished. I know it's late but BitDice hasn't lost it's future potential despite the new website and promises being fulfilled late.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 17, 2020, 12:14:15 PM
The issue is that the token price is not tied to the amount invested other than the fact that it determined the initial price per token at the time of the sale.
What a nonsense!

The initial token price is determined by the total invested amount.

For example: USD 10 million collected and 10 million CSNO tokens issued = token price USD 1.

After the collected USD 10 million are invested, the token price is basically determined by USD 10 million - losses + profits : 10 million tokens

Examples

1) If the USD 10 million investment lead to a USD 2 million net profit, then the token price is USD 12 million : 10 million tokens = USD 1,20 per token.

2) If the USD 10 million investment lead to a USD 3 million net loss, then the token price is USD 7 million : 10 million tokens = USD 0,70 per token.

  
It was never supposed to be, it's a dividend token which means token holders are and will be entitled to a part of the site profit, that's it.
Whoaat?

Did you just say that investors initially lost its investment and the CSNO fantasy tokens are only entitled to receive dividends or losses and do not represent any share of the Bitdice.me operation?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 17, 2020, 12:29:19 PM
The issue is that the token price is not tied to the amount invested other than the fact that it determined the initial price per token at the time of the sale.
What a nonsense!

The initial token price is determined by the total invested amount.

For example: USD 10 million collected and 10 million CSNO tokens issued = token price USD 1.

After the collected USD 10 million are invested, the token price is basically determined by USD 10 million - losses + profits : 10 million tokens

Examples

1) If the USD 10 million investment lead to a USD 2 million net profit, then the token price is USD 12 million : 10 million tokens = USD 1,20 per token.

2) If the USD 10 million investment lead to a USD 3 million net loss, then the token price is USD 7 million : 10 million tokens = USD 0,70 per token.

  
It was never supposed to be, it's a dividend token which means token holders are and will be entitled to a part of the site profit, that's it.
Whoaat?

Did you just say that investors initially lost its investment and the CSNO fantasy tokens are only entitled to receive dividends or losses and do not represent any share of the Bitdice.me operation?

You're the one spilling nonsense here. It's a dividend token. Token holders are paid dividends from profits to the ethereum addresses they hold their CSNO in. You don't realize your profits by selling the tokens. That's not how a dividend token works.

CSNO token is NOT a share.

EDIT: May I add, markets determine the price of the CSNO tokens on the exchanges it's being traded on. Thus if BitDice performs well, obviously the token price can reflect that but you can't calculate the token price by how much bitdice has profited or lost. Not sure where that idea even came from...

EDIT2:

It says in the whitepaper: "BitDice Casino is issuing  100 000 000 (one hundred million)  CSNO tokens,  70%  of which will be offered to the public and entitle for  70% of BitDice Casinoís net profit."

That 70% of BitDice's net profit is shared each quarter based on that specific quarter's performance.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 17, 2020, 01:16:59 PM
I have not looked at the white paper of the ICO or anything to do with the ICO, so I'd like to play the part of a person who did no research to this point but has questions.

10 million dollars was collected correct?

Was the money collected in fiat, btc, or eth, or other alts?

What was the value of said currencies at the time of collecting for the ICO?

If cryptocurrencies were accepted to buy tokens, did Alex keep the money in cryptos? Fiat conversion?

If he kept it in cryptocurrencies when the price of crypto rose, why didnt the value of the tokens held by investors?

What about forked coins? Was any claimed? Did that value go to investors?

Some of these questions obviously are irrelevant if ICO funds were converted to fiat.

Would like to see the answers to these questions though.



Money was collected in the following currencies and converted in USD equivalent at the time of purchase:
ICO collected:
BTC: 3231.8
ETH: 222.56
IOTA: 0.44717
LTC: 45.1
DOGE: 0.0009

9 885 962.231755212 = Total amount of USD raised with bonuses
Raised crypto is now worth = 31,240,000

How CSNO price was determined = Proceeds from ICO (in USD) / 100,000,000 tokens

40% of investment should be kept as Bankroll in crypto currencies (should be worth $12500000 now) and at least 2,500,000$ is dedicated to development and legal costs
https://i.imgur.com/B74MyCm.png

Quote from: whitepaper
9 885 962.231755212 = Total amount of USD raised with bonuses
All the proceeds from this public contribution will be used for business
expansion only.

Roadmap in the whitepaper is same as on image in first post and they failed to deliver most of their promises.

Update: Signature Campaign and Official Thread are locked. (https://bitcointalk.org/index.php?topic=1697546.0  - https://bitcointalk.org/index.php?topic=1700658.0)


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 17, 2020, 06:51:20 PM
I've not received any reason behind those threads being locked. It was not done by us.

EDIT: I just got info that a response from the higher ups is going to be prepared to this thread


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: Febo on February 17, 2020, 07:57:38 PM
What I do not understand, if the invested USD 10 million are still there why did the CSNO tokens lose USD 8 million?

Man. What are you doing on this forum? Dont you read it to educate how prices gets set?  Price of not just tokens and coins, but also apples and plums and potato and oil is set on a market.  Buyers and sellers set it. Demand and supply. To get price someone have to sell it and someone has to buy it.  It have nothing to do how much something is worth.  If you have  a lot of money you can move price up or down as it pleases you.


If suddenly CSNO price increases for 1000 times, that dont mean BitDice will have 1000 times more founds collected 2 years ago. They will still have same.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 17, 2020, 09:11:39 PM
I am posting this answer on behalf of the management:



This answer to several ignorant allegations is going to be solitary and final. Please be acknowledged that further communications will be held solely in the form of quarterly reports.

To begin with, as it has been clearly stated before, CSNO is a dividend token. That means the token holder is entitled to receive a share of Casino's profit. That's it, period.

Nevertheless, to dispel the unfounded accusations, please see below.

The initial price has been $8.4m/100m tokens = $0.084 per token.

With the buyback program running on the website, one can instantly sell CSNO approximately at 50% of the ICO price.

Sure enough, it is a remarkable upshot taking into consideration more than two years passed since tokens were issued.

Should one decide to dig deeper into BitDice financial matters, they are very welcomed to scrutinize the Quarterly reports, which are published on Medium.

As for the BitDice development pace,  the team admits that the buildout period has been significantly more than it has been initially planned and announced.

Due to business nature, it was hard to predict all the obstacles that had arisen. It's almost impossible to open a bank account for crypto-related companies in the EU, not to mention gambling as business activity. As an example, attempts to fix an agreement with Wirecard related to fiat payments processing took almost a year and finally ended in vain due to circumstances that were out of the team's control.

Moreover, at one point it has been decided to cease certain activities until the launch of the new website, which is currently under the final stage of development.




Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 17, 2020, 09:51:18 PM
I am posting this answer on behalf of the management:



This answer to several ignorant allegations is going to be solitary and final. Please be acknowledged that further communications will be held solely in the form of quarterly reports.

To begin with, as it has been clearly stated before, CSNO is a dividend token. That means the token holder is entitled to receive a share of Casino's profit. That's it, period.

Nevertheless, to dispel the unfounded accusations, please see below.

The initial price has been $8.4m/100m tokens = $0.084 per token.

With the buyback program running on the website, one can instantly sell CSNO approximately at 50% of the ICO price.

Sure enough, it is a remarkable upshot taking into consideration more than two years passed since tokens were issued.

Should one decide to dig deeper into BitDice financial matters, they are very welcomed to scrutinize the Quarterly reports, which are published on Medium.

As for the BitDice development pace,  the team admits that the buildout period has been significantly more than it has been initially planned and announced.

Due to business nature, it was hard to predict all the obstacles that had arisen. It's almost impossible to open a bank account for crypto-related companies in the EU, not to mention gambling as business activity. As an example, attempts to fix an agreement with Wirecard related to fiat payments processing took almost a year and finally ended in vain due to circumstances that were out of the team's control.

Moreover, at one point it has been decided to cease certain activities until the launch of the new website, which is currently under the final stage of development.



Thanks for confirming that all I wrote is true
Basically you spent ~$500k investors money to not open bank account, that's all what you done after ICO.
In my opinion you can develop/upgrade site without bank account :)

Support flag on Bitdice  (https://bitcointalk.org/index.php?action=trust;u=238641;page=iflags) | Boxxob  (https://bitcointalk.org/index.php?action=trust;u=407841)


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: yahoo62278 on February 18, 2020, 12:20:46 AM
So 40% was supposed to stay on the site for the bankroll at a minimum right? That would mean 1292 btc or so should still be held by the team as far as the bankroll goes, minus losses or plus wins by the casino.

That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.

That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?

@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.

I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.

If someone with a better understanding of this ICO could comment here that would be great.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 18, 2020, 12:57:31 AM
I never thought Alex is the kind of guy that gets people to develop for him. And if it is like I think being a lonely dev must be hard and slow work, I would hate having to let others see code of the site.
If Alex is a lonely and slow working dev, then he knew that he is not able to fulfill the roadmap connected to the investments and intentionally misleaded and deceived the investors and is liable for the damage caused!
In 6 years of crypto I haven't seen a single dev working fast with exception of perhaps dooglus which like's and should as anyone else take his time while doing stuff.

It's no stupid coin clone undergoing but a casino that didn't get hacked like most shits that went around when BD did.

---------------------

Regarding to yahoo and his bankroll worries, you may count new coins added or not, the jackpot is big and the max win is quite acceptable, the bankroll seems well feed for me.


I'm 100% certain this is FUD sponsored by other sites.

and you yahoo disappointed me quite a bit after these years supporting such claims, thing you didn't but obviously sides been taken. He just said 40% was converted to fiat and you got 60% in your math.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: yahoo62278 on February 18, 2020, 01:07:37 AM
I never thought Alex is the kind of guy that gets people to develop for him. And if it is like I think being a lonely dev must be hard and slow work, I would hate having to let others see code of the site.
If Alex is a lonely and slow working dev, then he knew that he is not able to fulfill the roadmap connected to the investments and intentionally misleaded and deceived the investors and is liable for the damage caused!
In 6 years of crypto I haven't seen a single dev working fast with exception of perhaps dooglus which like's and should as anyone else take his time while doing stuff.

It's no stupid coin clone undergoing but a casino that didn't get hacked like most shits that went around when BD did.

---------------------

Regarding to yahoo and his bankroll worries, you may count new coins added or not, the jackpot is big and the max win is quite acceptable, the bankroll seems well feed for me.


I'm 100% certain this is FUD sponsored by other sites.

and you yahoo disappointed me quite a bit after these years supporting such claims, thing you didn't but obviously sides been taken. He just said 40% was converted to fiat and you got 60% in your math.
I am not supporting anything so far. I am asking questions.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 18, 2020, 01:18:50 AM
So 40% was supposed to stay on the site for the bankroll at a minimum right? That would mean 1292 btc or so should still be held by the team as far as the bankroll goes, minus losses or plus wins by the casino.

That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.

That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?

@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.

I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.

If someone with a better understanding of this ICO could comment here that would be great.

BitDice is doing well (for the team), now bankroll alone should be worth over total amount collected in ICO, we can't check since it is not public anymore.
Only investors are at huge loss of 70% (bit dice claims they but tokens at 50% of ICO price) and market cap of CSNO is just above 2,800,000$ according to Etherscan (https://etherscan.io/token/0x29D75277aC7F0335b2165D0895E8725cbF658d73?a=0xc4bf32fed731ffde7d71874ea39c208833fdac3e) and how are things developing investors will pay server rent and legal expenses (over ~$500,000 spent investors money to not open bank account is crazy) until depleted.
Telegram made for ICO is closed, they deleted long time ago anything related to ICO from their site https://ico.bitdice.me and Whitepaper can only be found on third party sites.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 18, 2020, 01:29:42 AM
So 40% was supposed to stay on the site for the bankroll at a minimum right? That would mean 1292 btc or so should still be held by the team as far as the bankroll goes, minus losses or plus wins by the casino.

That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.

That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?

@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.

I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.

If someone with a better understanding of this ICO could comment here that would be great.

BitDice is doing well (for the team), now bankroll alone should be worth over total amount collected in ICO, we can't check since it is not public anymore.
Only investors are at huge loss of 70% (bit dice claims they but tokens at 50% of ICO price) and market cap of CSNO is just above 2,800,000$ according to Etherscan (https://etherscan.io/token/0x29D75277aC7F0335b2165D0895E8725cbF658d73?a=0xc4bf32fed731ffde7d71874ea39c208833fdac3e) and how are things developing investors will pay server rent and legal expenses (over ~$500,000 spent investors money to not open bank account is crazy) until depleted.
Telegram made for ICO is closed, they deleted long time ago anything related to ICO from their site https://ico.bitdice.me and Whitepaper can only be found on third party sites.
If you being such a picky bitch you should also count profits investors had this time. The price of the token is kinda irrelevant for me since they still have their share of the profits, independently of the price of the token.
I'm not sure I like how it sounds BUT when you bought the token you bought a dividend in the profits not a token you expecting to go 10x in price.

Sorry for calling you a picky bitch but I'm quite tired already and I'm no native english hence I know no other way to express my thought on you.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 18, 2020, 01:37:08 AM
So 40% was supposed to stay on the site for the bankroll at a minimum right? That would mean 1292 btc or so should still be held by the team as far as the bankroll goes, minus losses or plus wins by the casino.

That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.

That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?

@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.

I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.

If someone with a better understanding of this ICO could comment here that would be great.

BitDice is doing well (for the team), now bankroll alone should be worth over total amount collected in ICO, we can't check since it is not public anymore.
Only investors are at huge loss of 70% (bit dice claims they but tokens at 50% of ICO price) and market cap of CSNO is just above 2,800,000$ according to Etherscan (https://etherscan.io/token/0x29D75277aC7F0335b2165D0895E8725cbF658d73?a=0xc4bf32fed731ffde7d71874ea39c208833fdac3e) and how are things developing investors will pay server rent and legal expenses (over ~$500,000 spent investors money to not open bank account is crazy) until depleted.
Telegram made for ICO is closed, they deleted long time ago anything related to ICO from their site https://ico.bitdice.me and Whitepaper can only be found on third party sites.
If you being such a picky bitch you should also count profits investors had this time. The price of the token is kinda irrelevant for me since they still have their share of the profits, independently of the price of the token.
I'm not sure I like how it sounds BUT when you bought the token you bought a dividend in the profits not a token you expecting to go 10x in price.

Sorry for calling you a picky bitch but I'm quite tired already and I'm no native english hence I know no other way to express my thought on you.


With effort they put in the project in past years its clear now that its going nowhere  every recent quarter dividends are equal to 0.
Read quarter reports and read Bitdice statement and you will notice they are spending hundreds thousands to implement fiat payments and they didn't even open bank account in three years and paying 1000$ server per month with investors money while they can run it from tetris for those 10 people online.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 18, 2020, 01:46:17 AM
So 40% was supposed to stay on the site for the bankroll at a minimum right? That would mean 1292 btc or so should still be held by the team as far as the bankroll goes, minus losses or plus wins by the casino.

That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.

That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?

@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.

I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.

If someone with a better understanding of this ICO could comment here that would be great.

BitDice is doing well (for the team), now bankroll alone should be worth over total amount collected in ICO, we can't check since it is not public anymore.
Only investors are at huge loss of 70% (bit dice claims they but tokens at 50% of ICO price) and market cap of CSNO is just above 2,800,000$ according to Etherscan (https://etherscan.io/token/0x29D75277aC7F0335b2165D0895E8725cbF658d73?a=0xc4bf32fed731ffde7d71874ea39c208833fdac3e) and how are things developing investors will pay server rent and legal expenses (over ~$500,000 spent investors money to not open bank account is crazy) until depleted.
Telegram made for ICO is closed, they deleted long time ago anything related to ICO from their site https://ico.bitdice.me and Whitepaper can only be found on third party sites.
If you being such a picky bitch you should also count profits investors had this time. The price of the token is kinda irrelevant for me since they still have their share of the profits, independently of the price of the token.
I'm not sure I like how it sounds BUT when you bought the token you bought a dividend in the profits not a token you expecting to go 10x in price.

Sorry for calling you a picky bitch but I'm quite tired already and I'm no native english hence I know no other way to express my thought on you.


With effort they put in the project in past years its clear now that its going nowhere  every recent quarter dividends are equal to 0.
Read quarter reports and read Bitdice statement and you will notice they are spending hundreds thousands to implement fiat payments and they didn't even open bank account in three years and paying 1000$ server per month with investors money while they can run it from tetris for those 10 people online.
Ugh i detest fiat, but it might be good for the casino.
I'm quite tired of your proofless claims, I would bet my left or right nut that the dividend is higher than 0.

I'll let you FUD in peace, good luck.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 18, 2020, 01:51:13 AM
So 40% was supposed to stay on the site for the bankroll at a minimum right? That would mean 1292 btc or so should still be held by the team as far as the bankroll goes, minus losses or plus wins by the casino.

That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.

That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?

@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.

I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.

If someone with a better understanding of this ICO could comment here that would be great.

BitDice is doing well (for the team), now bankroll alone should be worth over total amount collected in ICO, we can't check since it is not public anymore.
Only investors are at huge loss of 70% (bit dice claims they but tokens at 50% of ICO price) and market cap of CSNO is just above 2,800,000$ according to Etherscan (https://etherscan.io/token/0x29D75277aC7F0335b2165D0895E8725cbF658d73?a=0xc4bf32fed731ffde7d71874ea39c208833fdac3e) and how are things developing investors will pay server rent and legal expenses (over ~$500,000 spent investors money to not open bank account is crazy) until depleted.
Telegram made for ICO is closed, they deleted long time ago anything related to ICO from their site https://ico.bitdice.me and Whitepaper can only be found on third party sites.
If you being such a picky bitch you should also count profits investors had this time. The price of the token is kinda irrelevant for me since they still have their share of the profits, independently of the price of the token.
I'm not sure I like how it sounds BUT when you bought the token you bought a dividend in the profits not a token you expecting to go 10x in price.

Sorry for calling you a picky bitch but I'm quite tired already and I'm no native english hence I know no other way to express my thought on you.


With effort they put in the project in past years its clear now that its going nowhere  every recent quarter dividends are equal to 0.
Read quarter reports and read Bitdice statement and you will notice they are spending hundreds thousands to implement fiat payments and they didn't even open bank account in three years and paying 1000$ server per month with investors money while they can run it from tetris for those 10 people online.
Ugh i detest fiat, but it might be good for the casino.
I'm quite tired of your proofless claims, I would bet my left or right nut that the dividend is higher than 0.

I'll let you FUD in peace, good luck.

I do not get what are you talking about, integration of  fiat payments was one of the biggest incentives to get involved in the ICO.
It's not hard to get informed, you aren't investor or player. Read whitepaper and visit LazyTokenInvestor CSNO page they are all what you need to understand current situation.
I bet this is another BetKing   :(


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 18, 2020, 04:26:59 AM
So 40% was supposed to stay on the site for the bankroll at a minimum right? That would mean 1292 btc or so should still be held by the team as far as the bankroll goes, minus losses or plus wins by the casino.

That doesn't include the eth or other alts collected in the ICO. Just the bitcoin alone would value 12.5 million dollars. If the ICO at the time collected 10 million dollars, wouldn't investors still be in profit just on the 40% alone? Seem's impossible for investors to be losing money with the current numbers.

That's just the 40% guaranteed to stay in the bankroll. The other 60% that was partially converted to fiat and whatever else should likely have a decent portion of funds left as well. Kinda hard to believe 60% is just gone isn't it?

@Boxxob I hope you're being paid well for representing them, cause if this goes south, you will probably go south with them.

I don't know the whole story obviously, but this is where my brain is currently. Seems like what I posted above should be the minimum of whats left of the bankroll. I find it very salty that Alex locked the threads and has declined to comment here. Instead sends Boxxob to issue a blanket statement for him. You'd think protecting his businesses name would be #1 on the list.

If someone with a better understanding of this ICO could comment here that would be great.

I would expect you of all people to be more careful. You took that 1292 BTC amount from Joksim's earlier reply where it represented the USD price of bitcoin at the time of the ICO I believe...

This was the balance sheet as shown on Q2 2019 quarterly report: https://medium.com/@BitDice/bitdice-casino-quarterly-report-q2-2019-part-1-ecc9567b43f6?source=---------5------------------

https://miro.medium.com/max/1878/1*kjxs2BqDnOkvq0QzfxJR6A.png

I believe it's a decent representation of the current balance sheet. I believe what was not sold for fiat after the ICO has been held firmly in crypto and thus not realized any profits or losses from crypto sales.

Now, you also said Alex closed the threads... he did not. As you would know if you had read my previous reply. That matter is completely unrelated to this entire fiasco.

We had an old rule in our signature campaign thread about posting on bitdice ann but that isn't enforced anymore. I believe someone reported the signature campaign post and now due to that, the threads are locked.

EDIT: So in effect, nothing is lost as everyone keeps thinking. Investors have not magically lost everything considering the buyback and also work being put into releasing the new website and all other plans. Thus, the investors are still eligible for the dividends just as before. Although Joksim claims the value of dividends is zero, you can't just go ahead claiming the casino has completely screwed the investors over just because the casino hasn't delivered the promises yet (but is working on them). Also accounting for the fact that anyone can also sell the tokens as was said in the reply I posted before.

EDIT2:

TL;DR

1292 BTC is a wrong figure taken out of the wrong number
(Yahoo mentioned the 1292 BTC figure)

BitDice or Alex did NOT close the BitDice OP thread


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 18, 2020, 10:55:32 AM
I believe Joksim's claim relies on 3 key points he has been trying to make.

1) CSNO Token has lost value

Okay, the token has lost value, true but he is taking his numbers from sources that aren't reliable. BitDice does not reach high trading volumes and thus any estimation given by Etherscan is likely to be wrong. Secondly as it was stated, BitDice buys tokens back from those who wish to sell them at a relatively good price atleast comparing to the estimations Joksim has been making.

2) The money that was invested has been "wasted" or some of it has disappeared

As my last reply states, much of the assumptions that have been made by people have not been thought through and are simply speculation and the money is still there.

3) BitDice has not been delivering its promises

This is probably the most notable one as it's clear BitDice hasn't yet been able to deliver many of the initial promises that have been made. We have addressed that fact and have also stated that the new website is in the final stage of development. In other words, promises have been delayed a lot which is not something we're hiding. But we're working on delivering on those promises.

Joksim is trying to make a case about how the money that has already been spent has gone into vain which he keeps repeating. One doesn't have to look farther than the quarterly reports to see what the money has been spent on. The expenses haven't been directed at something specific only but on the entire project. I don't understand half of the gimmicks it takes to run a casino let alone something that aims to serve fiat users. I am fairly sure Joksim doesn't understand exactly how complex everything is to set up either.

So to simplify: the money that has been spent has not gone into nothing. It's an ongoing progress and despite seemingly static, it is definitely not.

We've been trying to explain that the promises that have yet to be delivered are going to be delivered despite the long delays.

Now my conclusion about this scam accusation is that its aim is to make BitDice lose its reputation. Question is: what's the gain from this?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: Juggy777 on February 18, 2020, 01:59:07 PM
I believe Joksim's claim relies on 3 key points he has been trying to make.

1) CSNO Token has lost value

Okay, the token has lost value, true but he is taking his numbers from sources that aren't reliable. BitDice does not reach high trading volumes and thus any estimation given by Etherscan is likely to be wrong. Secondly as it was stated, BitDice buys tokens back from those who wish to sell them at a relatively good price atleast comparing to the estimations Joksim has been making.

2) The money that was invested has been "wasted" or some of it has disappeared

As my last reply states, much of the assumptions that have been made by people have not been thought through and are simply speculation and the money is still there.

3) BitDice has not been delivering its promises

This is probably the most notable one as it's clear BitDice hasn't yet been able to deliver many of the initial promises that have been made. We have addressed that fact and have also stated that the new website is in the final stage of development. In other words, promises have been delayed a lot which is not something we're hiding. But we're working on delivering on those promises.

Joksim is trying to make a case about how the money that has already been spent has gone into vain which he keeps repeating. One doesn't have to look farther than the quarterly reports to see what the money has been spent on. The expenses haven't been directed at something specific only but on the entire project. I don't understand half of the gimmicks it takes to run a casino let alone something that aims to serve fiat users. I am fairly sure Joksim doesn't understand exactly how complex everything is to set up either.

So to simplify: the money that has been spent has not gone into nothing. It's an ongoing progress and despite seemingly static, it is definitely not.

We've been trying to explain that the promises that have yet to be delivered are going to be delivered despite the long delays.

Now my conclusion about this scam accusation is that its aim is to make BitDice lose its reputation. Question is: what's the gain from this?

@BoXXoB it's really sad that you have to reply to these same questions again and again, and Iím also surprised to see popular and known members falling for his words but then again each one is entitled to his/her opinion. On the face of it yes itís clear that he has an agenda to harm Bitdice goodwill, but then again when I read his old posts it kind of makes me wonder does he even mean what he says.

I have decided to quote two of his old posts : in the first one he comes in Bitdice Ann, and praises other sites and then later on he says that he loves Bitdice and wants them to be number one hence my question is how does he plan to help Bitdice become number one by starting this kind of thread?

Quote

Look at some of their competitors Stake and Bitsler they are both unique and more interesting and keep customers engaged in their activities.


Quote

I'm trying to be constructive and to motivate team to.bring new site live faster.
I'm not against Bitdice I just expected them to become No. 1 dice site I love them and playing since launch


It takes years to build a reputation and only minutes to destroy it by reading and quoting half baked truths, hence I hope the community will bear with Bitdice as new updates come and to show that Bitdice really cares about itís members and itís goodwill check this post and judge Alex and his intentions.

Quote

today I was trying to bet 0.0498 BTC on sports and got that partner api error , so I contacted support and told them about it and they credited my balance back
then I made a withdrawal request for that 0.0498 and got it instantly as usual , but after few hours I opened the site and found that the money was added back to my balance again after that failed bet

after reporting it Alex was kind enough to let me have that 500$ in my balance even it's not mine and I don't deserve it

thank you very much Alex and all Bitdice family , you really made my day  Smiley




Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: Febo on February 18, 2020, 07:46:27 PM
Now, you also said Alex closed the threads... he did not. As you would know if you had read my previous reply. That matter is completely unrelated to this entire fiasco.
We had an old rule in our signature campaign thread about posting on bitdice ann but that isn't enforced anymore. I believe someone reported the signature campaign post and now due to that, the threads are locked.

I am pretty sure this accusation and reporting user dogedice.me are related. The post that got him temp ban is there for three years and a half. It would be a huge coincidence to be reported exactly when this acusaation happened. It is One out of 1200 chance. Specially when you read what was written in last few months in Bitdice ANN thread and the trust summary references of one of the posters there.  


Now my conclusion about this scam accusation is that its aim is to make BitDice lose its reputation. Question is: what's the gain from this?

It will definitely not help grow value of CSNO tokens of which OP is so concern about.



Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 20, 2020, 12:05:26 PM
^ Facepalm

Once again, those values represent the USD values of the cryptocurrencies at the time of the sale. They do NOT represent the amounts in cryptocurrency.

So there's no further misunderstandings, it means 3231.8 USD per Bitcoin, NOT 3231 BTC.

Arguing is impossible if there's a lack of understanding in the simplest things.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 20, 2020, 02:23:50 PM
@ BoXXoB

You say that the during the ICO collected 3232 BTC and 222 ETH are still there.

Can you please show where?

The value of the 65% kept and stored Bitcoins increased 900% and generated a huge profit.

Was this profit paid as dividends?

1) BitDice did not raise 3232 BTC which I've been trying to say in atleast 3 replies by now. Joksim meant USD values of cryptocurrencies in his post. If you think really carefully, do you think BitDice raised 0.00009 Doge. Because by your logic, that's what Joksim's post would mean.

2) If cryptocurrencies that were received in the sale generated profit, it would be paid in dividends AFTER the profits were realized eg. when the cryptocurrencies were sold for USD.

Cryptocurrencies have not been sold after some was initially sold for USD right after the ICO. Thus no cryptocurrency sales have realized profit.

Now, please read the reply carefully so that you finally understand.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 20, 2020, 06:04:49 PM
1) BitDice did not raise 3232 BTC which I've been trying to say in atleast 3 replies by now. Joksim meant USD values of cryptocurrencies in his post. If you think really carefully, do you think BitDice raised 0.00009 Doge. Because by your logic, that's what Joksim's post would mean.
I understood now that BTC worth USD 3,232,000 were collected during the ICO sale.

But at that time the BTC price was USD 1,000 and USD 3,232,000 divided with USD 1,000 per BTC = 3,232 Bitcoins collected

Please show where are the 2,100 kept BTC? (65% of the 3,232 collected Bitcoins = 2,100 kept BTC)

You still did not understand. I'm not going to explain anything again.

EDIT: You've gotten pretty much everything wrong despite my replies


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: lugrugzo on February 20, 2020, 06:23:09 PM
Say goodbye to your coins/money that you invested greedily thinking that this stupid site will take it off and will make you rich.

Probably, the owner of this website is drinking his pineapple margarita in a tropical country with his b*tches now, so. Face the reality and join the train of defrauded people, there is no way/no sign this site will keep its promise.

I think they will not even be here in 6 months, because there is no reason. He is rich enough for his next scam scheme.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 20, 2020, 06:26:01 PM
@ BoXXoB

1) You confirmed that BTC worth USD 3,233,000 were collected during the ICO

2) At that time the BTC price was USD 1,000

3) USD 3,232,000 divided with USD 1,000 per BTC = 3,232 Bitcoins collected

4) 65% of the collected 3,232 BTC are kept until today = 2,100 Bitcoins kept

2,100 Bitcoins are currently worth USD 21 million!

You are not able to show where are the kept 2,100 Bitcoins?

I denied everything you said because your numbers are wrong and you're saying I confirmed it? Get out of here troll.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 20, 2020, 06:48:32 PM
^ If that is "confirming" in your mind, then I doubt arguing with you makes sense because you clearly do not understand.

Either way,

Here is what was collected in the ICO:

https://i.imgur.com/GsQmyfj.png

EDIT:

Here are the cryptocurrency prices after the ICO:

BTC price: $3231.8
ETH price: $222.56
IOTA price: $0.44717
LTC price: $45.1
DOGE price: $0.0009

Here is what the balance sheet was after the ICO after some coins were sold for USD:

https://i.imgur.com/TqWq3Tj.png

Here is the latest balance sheet containing specifics of crypto holdings (Q1 2019 report):

https://miro.medium.com/max/1878/1*kjxs2BqDnOkvq0QzfxJR6A.png

In Q3 2019 the balance sheet totalled to amount USD 9 082 396 (this was after the crypto decline).

Q4 2019 report which will be released soon will show the latest information.

As you can see. your numbers are wrong, game-protect.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: hulla on February 20, 2020, 07:08:27 PM


As you can see. your numbers are wrong, game-protect.

Thanks for the clarification cause have been going through your medium account but I'm also lost about the total crypto collected during the ICO and i hope you guys will deliver the new site as promised.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 20, 2020, 09:47:28 PM
@ BoXXoB

Thanks for clarification.  :)

1) 65% of the collected 1,461 BTC = 950 Bitcoins are kept and stored, where are they?

2) 65% of the collected 16,716 ETH = 10,865 Ethereum are kept and stored, where are they?

3) 65% of the collected 4,629 LTC = 3,009 Litecoins are kept and stored, where are they?

4) 65% of the collected 134,225 IOTA = 87,246 IOTA are kept and stored, where are they?

5) 65% of the collected 40,498,734 DOGE = 26,324,183 DOGE are kept and stored, where are they?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 21, 2020, 01:13:52 AM
I believe Joksim's claim relies on 3 key points he has been trying to make.

1) CSNO Token has lost value

Okay, the token has lost value, true but he is taking his numbers from sources that aren't reliable. BitDice does not reach high trading volumes and thus any estimation given by Etherscan is likely to be wrong. Secondly as it was stated, BitDice buys tokens back from those who wish to sell them at a relatively good price atleast comparing to the estimations Joksim has been making.

2) The money that was invested has been "wasted" or some of it has disappeared

As my last reply states, much of the assumptions that have been made by people have not been thought through and are simply speculation and the money is still there.

3) BitDice has not been delivering its promises

This is probably the most notable one as it's clear BitDice hasn't yet been able to deliver many of the initial promises that have been made. We have addressed that fact and have also stated that the new website is in the final stage of development. In other words, promises have been delayed a lot which is not something we're hiding. But we're working on delivering on those promises.

Joksim is trying to make a case about how the money that has already been spent has gone into vain which he keeps repeating. One doesn't have to look farther than the quarterly reports to see what the money has been spent on. The expenses haven't been directed at something specific only but on the entire project. I don't understand half of the gimmicks it takes to run a casino let alone something that aims to serve fiat users. I am fairly sure Joksim doesn't understand exactly how complex everything is to set up either.

So to simplify: the money that has been spent has not gone into nothing. It's an ongoing progress and despite seemingly static, it is definitely not.

We've been trying to explain that the promises that have yet to be delivered are going to be delivered despite the long delays.

Now my conclusion about this scam accusation is that its aim is to make BitDice lose its reputation. Question is: what's the gain from this?

1. Purchase them at ICO price or above then it is fine. ( You buy them at -60% of ICO price while you intentionally do not use any moethods to bring wagering/new players on the site)
2. Yes you did waste (see your statement) over 30,000$ per quarter for legal fess to implement fiat while you didn't even open bank account. (Fiat should have been implemented already 2 years ago, you should have informed yourself before promising something in  ICO)
3. How it was easy back then for you to LIE investors that you can and know how to implement those features in agreed time frame.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 21, 2020, 12:32:33 PM
I believe Joksim's claim relies on 3 key points he has been trying to make.

1) CSNO Token has lost value

Okay, the token has lost value, true but he is taking his numbers from sources that aren't reliable. BitDice does not reach high trading volumes and thus any estimation given by Etherscan is likely to be wrong. Secondly as it was stated, BitDice buys tokens back from those who wish to sell them at a relatively good price atleast comparing to the estimations Joksim has been making.

2) The money that was invested has been "wasted" or some of it has disappeared

As my last reply states, much of the assumptions that have been made by people have not been thought through and are simply speculation and the money is still there.

3) BitDice has not been delivering its promises

This is probably the most notable one as it's clear BitDice hasn't yet been able to deliver many of the initial promises that have been made. We have addressed that fact and have also stated that the new website is in the final stage of development. In other words, promises have been delayed a lot which is not something we're hiding. But we're working on delivering on those promises.

Joksim is trying to make a case about how the money that has already been spent has gone into vain which he keeps repeating. One doesn't have to look farther than the quarterly reports to see what the money has been spent on. The expenses haven't been directed at something specific only but on the entire project. I don't understand half of the gimmicks it takes to run a casino let alone something that aims to serve fiat users. I am fairly sure Joksim doesn't understand exactly how complex everything is to set up either.

So to simplify: the money that has been spent has not gone into nothing. It's an ongoing progress and despite seemingly static, it is definitely not.

We've been trying to explain that the promises that have yet to be delivered are going to be delivered despite the long delays.

Now my conclusion about this scam accusation is that its aim is to make BitDice lose its reputation. Question is: what's the gain from this?

1. Purchase them at ICO price or above then it is fine. ( You buy them at -60% of ICO price while you intentionally do not use any moethods to bring wagering/new players on the site)
2. Yes you did waste (see your statement) over 30,000$ per quarter for legal fess to implement fiat while you didn't even open bank account. (Fiat should have been implemented already 2 years ago, you should have informed yourself before promising something in  ICO)
3. How it was easy back then for you to LIE investors that you can and know how to implement those features in agreed time frame.

You're just making assumptions about intentions, expenses etc. The delays have already been admitted and are being worked on but it's clearly pointless to argue with you.

I will not be answering your further replies because you're bringing absolutely nothing new to the table.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: PS1987 on February 21, 2020, 02:27:26 PM
After 5 years in crypto, I have the following suggestions for you:

Don't invest (longterm) in:

-gaming coins (DGB, GAME, Huntercoin)
-casino/gambling coins
-follow the popular twitter accounts (Cryptomocho, Bitcoindad, Secrets...) so you can see which coins/exchanges  are heavily shilled=>most likely scam (DTB, GEO, Cryptopia, TradeOgre, BGogo...)
-avoid coins that are only on bad exchanges like HitBTC, Mercatox, Yobit, Hotbit, Kucoin, IDEX and others
-coins with huge teams (>20 members)
-Passive income assets. There is no passive income unless you created it by yourself.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on February 21, 2020, 03:03:45 PM
First part you seem to ignore is that those funds used to buy the tokens stopped being investors, investors bought dividends in a bankroll, imho it's as simple as that and clear as water, anyone would know that i believe.
You don't move a finger for scamcoins or scammers, why'd you go after this casino if you not paid off or personal interest.
After 5 years in crypto, I have the following suggestions for you:

Don't invest (longterm) in:

-gaming coins (DGB, GAME, Huntercoin)
-casino/gambling coins
-follow the popular twitter accounts (Cryptomocho, Bitcoindad, Secrets...) so you can see which coins/exchanges  are heavily shilled=>most likely scam (DTB, GEO, Cryptopia, TradeOgre, BGogo...)
-avoid coins that are only on bad exchanges like HitBTC, Mercatox, Yobit, Hotbit, Kucoin, IDEX and others
-coins with huge teams (>20 members)
-Passive income assets. There is no passive income unless you created it by yourself.

There are some really fine casino's worth investing in, not saying coins, both are likely to be scams.
All exchanges are shilled to a point, one should stay away of exchanges when possible, and surely all you mentioned there are scammy.



Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: Juggy777 on February 21, 2020, 06:06:10 PM
First part you seem to ignore is that those funds used to buy the tokens stopped being investors, investors bought dividends in a bankroll, imho it's as simple as that and clear as water, anyone would know that i believe.
You don't move a finger for scamcoins or scammers, why'd you go after this casino if you not paid off or personal interest.
After 5 years in crypto, I have the following suggestions for you:

Don't invest (longterm) in:

-gaming coins (DGB, GAME, Huntercoin)
-casino/gambling coins
-follow the popular twitter accounts (Cryptomocho, Bitcoindad, Secrets...) so you can see which coins/exchanges  are heavily shilled=>most likely scam (DTB, GEO, Cryptopia, TradeOgre, BGogo...)
-avoid coins that are only on bad exchanges like HitBTC, Mercatox, Yobit, Hotbit, Kucoin, IDEX and others
-coins with huge teams (>20 members)
-Passive income assets. There is no passive income unless you created it by yourself.

There are some really fine casino's worth investing in, not saying coins, both are likely to be scams.
All exchanges are shilled to a point, one should stay away of exchanges when possible, and surely all you mentioned there are scammy.



@andulolika exactly people are conveniently ignoring the fact that this token is for dividends, and the team has already acknowledge that delays took place and they have already listed why those delays took place.

@PS1987 in your 5 years of crypto journey how many scam projects took time to explain to you what was happening behind the scenes, and how many of them even bothered to reply to you after you asked them the same question again and again.

I believe the answer will be a big zero because no scam casino/project ever bothers to reply, and all theyíll do is shut shop and disappear with your money.

However @BoXXoB has been answering these same questions again and again despite all the answers already given by him, and despite this if you think that Bitdice is a scam then I donít know what to say to you anymore.

Iím writing it here for the last time that Bitdice is a legit casino, and they have already declared that a new site design and lots of other stuff is coming soon so please wait for some more time and stop this witch hunting guys.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: suzanne5223 on February 21, 2020, 07:04:41 PM
First part you seem to ignore is that those funds used to buy the tokens stopped being investors, investors bought dividends in a bankroll, imho it's as simple as that and clear as water, anyone would know that i believe.
I believe the company will fix the situation and i hope the people involved understand that altcoin market are highly manipulated. But dividend or not, i dont see any reason why the token buyer should stopped being an investor since there fund was among the fund used when the company launched their initial offering.
With that been said, what said on their ICO page was "Earn your dividend share by joining the ICO" and they are also entitle to 70% of the site profit quarterly. Tell me that an act of investment?

After 5 years in crypto, I have the following suggestions for you:

Don't invest (longterm) in:

-gaming coins (DGB, GAME, Huntercoin)
-casino/gambling coins
-follow the popular twitter accounts (Cryptomocho, Bitcoindad, Secrets...) so you can see which coins/exchanges  are heavily shilled=>most likely scam (DTB, GEO, Cryptopia, TradeOgre, BGogo...)
-avoid coins that are only on bad exchanges like HitBTC, Mercatox, Yobit, Hotbit, Kucoin, IDEX and others
-coins with huge teams (>20 members)
-Passive income assets. There is no passive income unless you created it by yourself.

There are some really fine casino's worth investing in, not saying coins, both are likely to be scams.
All exchanges are shilled to a point, one should stay away of exchanges when possible, and surely all you mentioned there are scammy.
You're right cause every exchange site what lied or cheated at some point and gambling bankroll investment shouldnt be expected to be profitable all time for every business experience debt at some point.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: yahoo62278 on February 22, 2020, 12:54:25 AM
^ Facepalm

Once again, those values represent the USD values of the cryptocurrencies at the time of the sale. They do NOT represent the amounts in cryptocurrency.

So there's no further misunderstandings, it means 3231.8 USD per Bitcoin, NOT 3231 BTC.

Arguing is impossible if there's a lack of understanding in the simplest things.
This is where my misunderstanding came in. Thank you for clarifying this.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 24, 2020, 04:31:08 PM
BitDice is doing well (for the team), now bankroll alone should be worth over total amount collected in ICO, we can't check since it is not public anymore.
Only investors are at huge loss of 70% (bit dice claims they but tokens at 50% of ICO price) and market cap of CSNO is just above 2,800,000$ according to Etherscan (https://etherscan.io/token/0x29D75277aC7F0335b2165D0895E8725cbF658d73?a=0xc4bf32fed731ffde7d71874ea39c208833fdac3e) and how are things developing investors will pay server rent and legal expenses (over ~$500,000 spent investors money to not open bank account is crazy) until depleted.
Where is the accounting showing that Bitdice paid 500,000 USD to not open bank account?

A portion of the collected crypto currencies were sold for USD, so Bitdice must have a bank account?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 24, 2020, 09:48:02 PM
BitDice is doing well (for the team), now bankroll alone should be worth over total amount collected in ICO, we can't check since it is not public anymore.
Only investors are at huge loss of 70% (bit dice claims they but tokens at 50% of ICO price) and market cap of CSNO is just above 2,800,000$ according to Etherscan (https://etherscan.io/token/0x29D75277aC7F0335b2165D0895E8725cbF658d73?a=0xc4bf32fed731ffde7d71874ea39c208833fdac3e) and how are things developing investors will pay server rent and legal expenses (over ~$500,000 spent investors money to not open bank account is crazy) until depleted.
Where is the accounting showing that Bitdice paid 500,000 USD to not open bank account?

A portion of the collected crypto currencies were sold for USD, so Bitdice must have a bank account?

They wrote that in official statement posted by Boxxob:

I am posting this answer on behalf of the management:



Due to business nature, it was hard to predict all the obstacles that had arisen. It's almost impossible to open a bank account for crypto-related companies in the EU, not to mention gambling as business activity. As an example, attempts to fix an agreement with Wirecard related to fiat payments processing took almost a year and finally ended in vain due to circumstances that were out of the team's control.

Moreover, at one point it has been decided to cease certain activities until the launch of the new website, which is currently under the final stage of development.



Amount spent strictly on legal matters according to reports is over $100k (reports can be found at https://medium.com/@BitDice/), I said $500k because of facilitated amounts they mention in reports
https://miro.medium.com/max/1078/1*uO6J9zoqCf_P4XspGK8MTw.png

At top of that investors pay developers and team salaries of over 15,000$ per month to work on nothing and deliver nothing for three years.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 25, 2020, 09:46:48 AM
Bitdice announced that it will use a part of the 25% of the collected ICO funds for

"Aquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible."

Since when does Bitdice operate with fiat currencies?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 27, 2020, 10:26:16 PM
Bitdice announced that it will use a part of the 25% of the collected ICO funds for

"Aquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible."

Since when does Bitdice operate with fiat currencies?


They do not accept fiat.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: BoXXoB on February 27, 2020, 10:39:05 PM
Bitdice announced that it will use a part of the 25% of the collected ICO funds for

"Aquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible."

Since when does Bitdice operate with fiat currencies?


They do not accept fiat.

You removed your previous post and posted again because? Pretty ridiculous in my opinion...

Anyway, we haven't claimed we accept fiat and neither has the 25% that was dedicated for that and other business expansion been depleted yet so I don't know what kind of a point you are trying to make.

You're pretty pathetic to be honest, trying to just get attention by posting again when you don't get any responses lol.

Edit: To add, BitDice is actually well within budget regarding business expansion despite the image joksim is trying (and failing) to build.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 27, 2020, 11:15:58 PM
Bitdice announced that it will use a part of the 25% of the collected ICO funds for

"Aquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible."

Since when does Bitdice operate with fiat currencies?


They do not accept fiat.

You removed your previous post and posted again because? Pretty ridiculous in my opinion...

Anyway, we haven't claimed we accept fiat and neither has the 25% that was dedicated for that and other business expansion been depleted yet so I don't know what kind of a point you are trying to make.

You're pretty pathetic to be honest, trying to just get attention by posting again when you don't get any responses lol.

Edit: To add, BitDice is actually well within budget regarding business expansion despite the image joksim is trying (and failing) to build.

Investors are well at loss.
Bitdice spent 348651$ in salaries while they built nothing since ICO. Total of 2,000,000$ investors money successfully transfered to the Bitdice team.
Investors are paying for owner traveling, overpay server rent and office rent.
Most investors are gambling away worthless CSNO
Q4 report is now published at https://medium.com/@BitDice/bitdice-casino-quarterly-report-q4-2019-1464449bc3cf

Its pretty clear where Bitdice is heading


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 28, 2020, 01:55:18 PM
Anyway, we haven't claimed we accept fiat and neither has the 25% that was dedicated for that and other business expansion been depleted yet so I don't know what kind of a point you are trying to make.
I have no idea what kind of brain damage you suffer, but the ICO clearly claimed that you will use a part of the collected funds to aquire necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible!


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: game-protect on February 29, 2020, 09:23:45 PM
Kind reminder

1) 65% of the collected 1,461 BTC = 950 Bitcoins are kept and stored, where are they?

2) 65% of the collected 16,716 ETH = 10,865 Ethereum are kept and stored, where are they?

3) 65% of the collected 4,629 LTC = 3,009 Litecoins are kept and stored, where are they?

4) 65% of the collected 134,225 IOTA = 87,246 IOTA are kept and stored, where are they?

5) 65% of the collected 40,498,734 DOGE = 26,324,183 DOGE are kept and stored, where are they?


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on March 06, 2020, 02:01:22 PM
They have opened new official (second) thread at https://bitcointalk.org/index.php?topic=5230718.0


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on March 30, 2020, 06:26:40 PM
'Someone' exploited BitDice and emptied their hot wallet > https://bitcointalk.org/index.php?topic=5230718.msg54108193#msg54108193


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on June 13, 2020, 10:55:41 AM
Take a look at BitDice.me investors unite topic, started by Pascal257 https://bitcointalk.org/index.php?topic=5255297.msg54612080#msg54612080


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: FinneysTrueVision on August 15, 2020, 09:14:28 PM
I remember asking them on reddit when they first launched their ICO if there was any relation between BitDice and BetKIng since there was so many similarities. They were both based in Costa Rica, their ICO website had a similar template, and both tokens had the same total supply with 70% being sold to the public. They denied there was any relation between the two casinos but now it looks like they were just money grabs which had no intention of fulfilling their promises.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: suzanne5223 on August 15, 2020, 09:52:18 PM
The company reside location and token allocation with the template is no genuine evidence that BitDice and BetKing belong to the same committee and I still don't understand the reason why the BitDice casino chooses not to fulfill the promises said during their ICO but at least they launch campaign and still responding every claim which mean they can still fulfill the promises.
Mind you, fund management could the cause of all this


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on August 20, 2020, 11:37:27 PM
I remember asking them on reddit when they first launched their ICO if there was any relation between BitDice and BetKIng since there was so many similarities. They were both based in Costa Rica, their ICO website had a similar template, and both tokens had the same total supply with 70% being sold to the public. They denied there was any relation between the two casinos but now it looks like they were just money grabs which had no intention of fulfilling their promises.
Do you have any idea how many bitcoin casinos are based in Costa Rica? If they aren't there it's always same countries, you cannot believe they are connected just because of that.

And second, give to me one legit reason i could think the two are related?

I believe you talk bullshit. l will mostly ignore whatever your "mindset" says since i know how legit bitdice is since it started, you cannot compare them , i don't know bet-king's history but whatever you could think of regarding either of the two casinos has nothing to do with the other.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: FinneysTrueVision on August 21, 2020, 12:34:32 AM
I remember asking them on reddit when they first launched their ICO if there was any relation between BitDice and BetKIng since there was so many similarities. They were both based in Costa Rica, their ICO website had a similar template, and both tokens had the same total supply with 70% being sold to the public. They denied there was any relation between the two casinos but now it looks like they were just money grabs which had no intention of fulfilling their promises.
Do you have any idea how many bitcoin casinos are based in Costa Rica? If they aren't there it's always same countries, you cannot believe they are connected just because of that.

And second, give to me one legit reason i could think the two are related?

I believe you talk bullshit. l will mostly ignore whatever your "mindset" says since i know how legit bitdice is since it started, you cannot compare them , i don't know bet-king's history but whatever you could think of regarding either of the two casinos has nothing to do with the other.

I didn't expect the BitDice shills to get so worked up over something I had speculated upon several years ago.

I simply noticed that there was a lot of coincidences between the two casinos so out of curiosity I asked whether there was any relation. They said there wasn't and I took them at their word and invested in their ICO. Now that the token price has tanked and the owner has come under fire for not delivering on his promises or paying investors it's like deja vu to when BetKing started falling apart.

It could be that the similarities are purely coincidental but that's of very little comfort to investors who have been left holding the bag while BitDice accomplishes nothing significant while racking up huge expenses.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: andulolika on August 21, 2020, 12:38:45 AM
I remember asking them on reddit when they first launched their ICO if there was any relation between BitDice and BetKIng since there was so many similarities. They were both based in Costa Rica, their ICO website had a similar template, and both tokens had the same total supply with 70% being sold to the public. They denied there was any relation between the two casinos but now it looks like they were just money grabs which had no intention of fulfilling their promises.
Do you have any idea how many bitcoin casinos are based in Costa Rica? If they aren't there it's always same countries, you cannot believe they are connected just because of that.

And second, give to me one legit reason i could think the two are related?

I believe you talk bullshit. l will mostly ignore whatever your "mindset" says since i know how legit bitdice is since it started, you cannot compare them , i don't know bet-king's history but whatever you could think of regarding either of the two casinos has nothing to do with the other.

I didn't expect the BitDice shills to get so worked up over something I had speculated upon several years ago.

I simply noticed that there was a lot of coincidences between the two casinos so out of curiosity I asked whether there was any relation. They said there wasn't and I took them at their word and invested in their ICO. Now that the token price has tanked and the owner has come under fire for not delivering on his promises or paying investors it's like deja vu to when BetKing started falling apart.

It could be that the similarities are purely coincidental but that's of very little comfort to investors who have been left holding the bag while BitDice accomplishes nothing significant while racking up huge expenses.
Token price doesn't change cut on your share of casino's profit. Also, i'm no shill i just defend projects i know and that i want to believe in.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: FinneysTrueVision on August 21, 2020, 02:57:49 AM

Token price doesn't change cut on your share of casino's profit. Also, i'm no shill i just defend projects i know and that i want to believe in.

Lol, there is no profit to be shared. They just make up a report on Google Docs and tell investors they're gonna be keeping all the money this quarter.


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on December 16, 2020, 07:47:55 PM
Its almost the end of 2020 nothing happened and no quarterly reports since 2019  :)

CSNO is delisted from https://coinmarketcap.com/currencies/bitdice/ and you can only sell it back to Bitdice for 300 sats


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on December 28, 2020, 01:12:17 AM
Still no financial reports, zero in 2020.
They added new layout but still nothing as promised in whitepaper.
Their new thread is self moderated since they do not want any negative posts there, you should avoid that thread if you have any concerns and post it here https://bitcointalk.org/index.php?topic=5304380.0


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 15, 2021, 04:00:41 PM
We're still waiting for 2020 reports


Title: Re: BitDice Robbed Investors? CSNO lost 80% value
Post by: joksim299 on February 20, 2021, 09:09:12 PM
Overview od BitDice discord channel

https://i.imgur.com/duVzmpo.png
https://i.imgur.com/VPCM4Ad.png
https://i.imgur.com/lstz4om.png
https://i.imgur.com/wIGFaDG.png