Bitcoin Forum

To account for future growth and be able to take on more wagers, CryptoDice.io is opening up the bankroll for public investment. Not only players can continue to play on the platform, everyone can now choose to invest and own part of the house.

Investors are able to supply funds for the bankroll in exchange for shares proportional to their contribution. If a player wins, the funds move from the bankroll to the player. If a player loses, the funds move from the player to the bankroll. The profits are then split to each investors according to their share, and the same also applies for loses..

Investor can open and close investment positions at any time. The moment an investment is opened, the initial investment amount is exchanged for the share in site bankroll with percentage equal to the ratio of contributed funds to the bankroll fund. When an investment is closed, the share is exchanged back for the initial investments plus the profits accumulated during the period of investment.






















PS: As investors might have questions or need more info about the new investment feature, we have created this thread specifically for this purpose so that it's easier to gather the questions or info. We don't expect this thread to last forever. We will eventually lock this thread and redirect everyone back to the main ANN thread in the future.

Reserved.

So will it be some "fixed time" sort of investment, or the inverters will be able to withdraw their funds any time?
Do you have some plan in mind to reward those who keep their funds on casino balance for a long time?

Another dice site on the block. Are you going to add FAQ section on your website?
So you can include the accepted payment methods, min/max deposit/withdrawal.
And other important things that a user usually asks for.
Also, how provable fairness works on your site?

What is the minimum and maximum investment that's users can have?

What do you mean by we can open up to 20 investment ? Is there a maximum limit for every 1 investment ?

And the return are you giving it daily ? Since you said that we can cancel it anytime.

No, they aren't new in fact they are satoshidice (change just later on I think to cryptodice) and as what it indicates on the bottom of the OP this was just a separate thread for their investment platform. This is their ANN thread: https://bitcointalk.org/index.php?topic=5245423.0

Was the commission tend to decrease or it will just increase over time?

Hmm. Then the OP is kinda misleading, I thought it's a new project.
Are projects allowed to have multiple topics though?

Investor can withdraw anytime. We usually don’t impose this restriction on investors fund, because we believe it’s really up to investor to do what they want with their funds.

Regarding long term rewards, yes we are always looking for ways to rewards someone who has been with us for a long time. For example, we can have a “dilution fee” where we rewards existing investors. However, currently most casino only rewards equally to existing investors. Instead, we can rewards based on how long the investor has been with us, so long time investors can get rewarded more. This is one of the ways and we are always open for new ideas.

Thanks for your suggestion. Provably fair is a system where players can check whether each bets are truly fair. You can check on the fair tab for the server seed hash in used. After each game, you can reveal the seed to check if it’s fair.

Minimum 0.001 and no maximum currently. The 20 investments means you can open up to 20 investment positions. Say you invested 1 btc and sometime later you want invest another 1 btc, you can open a second position again.

For the reward, it’s calculated instantly. If you invested and someone lose a bet the next second, you earn profit for your investment and you can withdraw whenever you want.

It’s written on the sticky thread that if it’s a new or significant features, then another thread is allowed. We think this invest feature is quite different from the usual game aspect, so we open another thread for investors to get info and ask questions. It’s easier this way because everything about the invest feature is gathered in one place.

But feel free to point out if we are incorrect  :).

How is an investment plan, are there updated statistics in real time? How do you see which investors are real or not? Normally it is always good to see how money moves, to guarantee the confidence of those who decide to put money there.

Greetings and thanks in advance.

they used different domain so they need to also make a new announcement for that since the old one will not be used anymore.


thanks for answering you explain it clearly.

You better check the naming on the screens.

https://i.imgur.com/Asb5BwK.png

 ;)

The statistics are all updated in real time. We currently display the total site bankroll invested by others, and also site profits earned. In this way, investors will know the potential gain they could get if they invested, and also calculate how much share of profit they can get.

Thanks for pointing that out. We seems to forget to change our old name to CryptoDice.io  :P.

I have an issue with the payment, and they ignoring me now over 2 days.
I'll post a scam accusations if they dont respown or feedback, trying to discuss at live support or box chit chat, still no respown.
Beware, please withdrawal all your fund from the website before you lost all.

That's an awful experience, maybe they don't have any active person on their support? Did you try to reach them up here? Their account is active today so maybe you can get an answer if you send them a pm.

If still no answer its really best to post a scam accusation report so that they will be alerted to solve your issue ann also to warn others about what you experience on their website.

Hello sdice,

Can you please respond to this thread? You have a user that is waiting to hear back about a deal you made regarding payment of a big win.

https://bitcointalk.org/index.php?topic=5269022

I just saw that scam accusation which he raised against them. I am just quoting his post here where he told that he won almost half a bitcoin which is really amazing. I hope his issue is resolved and he get his payment soon.

I just saw the accusation too, I that's a pretty big amount. I've visited your casino and only few users are online I think you should resolve this one in order to increase your player and to prove your credibility. We will be waiting for your updates.

Interesting if cryptodice will pay that player. Are they going to address that problem or just find a loophole not to pay that user? Because if they will not resolve issues, whether small or big, I don't think their dice site will grow and increase its players.

Its just new but now they do already have some issues? This is the hardest part when you do really engage out on new gambling sites yet you wouldnt know
on when they would become scam and ran off users money.
I havent seen the total amount been talking about but as mentioned it is big but the thing here on how the heck on why people do put up money into a
unknown site in the first place?

Total amount is 0.448btc, cryptodice gives an offer to the player to pay it $500 per month. 0.448btc is more than $5,300 at the current rate, so if B-low accept this offer then he should get all the money no less than 10months and it seems B-low has accepted the offer as he gave his wallet address already for the payment. It is not good behavior obviously, as there is no rules/terms on the site related to monthly payment in case someone win big unless I missed the rule.
Coming up to the cryptodice, basically it is not that unknown as they had a signature campaign few months back. Anyway, I myself found some suspicious thing about this site especially related to what they have offered on the beginning. They offered huge jackpot but it was gone suddenly with a reason that there was a change on the internal finance. The first offered jackpot was $1.5 million fyi.

What a joke casino to partially paying the players winnings by 500$ monthly. They should closed and settle it rather than still continue despite lack of funds to operate. What IF another user win again a huge amount? Then they will totally runaway because it’s impossible to cover it now due to lack of players in the casino. The only way to save this dying casino is to bring in new funds from owners pocket(bank loan) then settle the issue at once so that they can build again there reputation and start gathering funds from investors.

They can’t even pay 5000$ instantly then why bother investing in this casino?

It shows that they don't have fat bankroll for big winnings like this. Maybe this is the reason why they are actively promoting the site for investment purposes to increase their bankroll. But if you are a player, are you going to be at ease to play on a site that you know have no good amount of bankroll on the side? But if nothing else, at least they are willing to pay the player even on a monthly basis.

If they can't pay 5000$ to a winner, then what was the point to offer a jackpot of 1.5$ Million ? This shows that the casino does not had those funds and it was advertised for publicity only. 
If anyone had won 1.5 million dollars on that casino jackpot, they would have been giving that money in 100 years installment :D

I urge everybody to check OP's trust before playing at or investing in this casino.

There are accusations that cryptodice is insolvent, which may be why they just opened their investment feature.

https://bitcointalk.org/index.php?topic=5269022.0

The accusation is for the not-so-small sum of 0.4 BTC.

Here's a link to the original report in the thread: https://bitcointalk.org/index.php?topic=5264759.msg54998960#msg54998960

Avoid for now.

What kind of offer was that? So you mean if a user loses then they get it but once a player hits the jackpot or won a big amount or maybe a certain amount then they will pay it by monthly? Just what's with that? If they don't have huge bankroll then maybe they didn't open their casino yet or maybe just limit the users bet.

It is to think that OP keeps ignoring those issues and might have no plan to settle it down and to prove that they are worthy of our trust. Then, it is to believe that cryptodice.io is another shilling site from the unknown beginning.

Well, almost new sites have been facing such a problem at first but they choose to offer their hands to solve immediately but I'd never think how OP and the team will face that problem since to know that they are guilty of this. Though isn't proven yet but something they put already into the minds of the people/gamblers who they are.

I saw the scam accusation yesterday. I really don't expect this type of behavior from cryptodice/satoshidice. Because they came to this forum actively with a signature campaign and then with a review campaign to solve problems/bugs. It was really a good sign for them. But they are doing some unexpected behavior. For a gambling site, you have to always ready to pay people any winnings low or high. If the accuser agrees with the monthly basis payment then it's ok for him. But you should now explain/response in the accusation thread to solve the issue ASAP.

Let me get some tags for google machine. #Satoshidice.io #Cryptodice.io #Scam #DiceScam

Exactly put on hold for now until the accusation has been settled since B-Low also agreed to received the reward on a monthly basis which I assume didn't received the payout for the Month of July and August.

The gambling site was shocked with the result of the game and probably can't afford yet to pay the reward in full but they must pay the player no matter what because he won the game and its final. Solve this problem to save the reputation of this gambling site, how can you play on a gambling site where your winnings will be put on hold for no reason.

Allowing people to invest in the bankroll might make a casino more attractive, but not when there's an open scam accusation and the op has negative trust because of this. Trust is the foundation. It's not sufficient to become successful, but it's definitely necessary. And if you're so low on money that you cannot make an instant payout of less than 1 BTC, you probably shouldn't accept players. I realize it was a very unlikely win and a young casino probably did not think this would happen, but it's still their fault and shows lack of professionalism. And of course, investing in a casino that's currently indebted is not encouraging.

Its a red flag if they cant manage to solve this issue as faster as they can it's a big money to lost, they are just starting and it will destroy their credibility if they ignore this important accusation and it will also reduce the potential players and investors they can have by ignoring it. I just hope Op will take an action about this.

OP MIA?
I can imagine another player winning bigger amount and casino telling them "as we can afford to pay $500 a month, we decided that both you and B-Low will receive $250 a month for next  20 months".

Good calculation and most probably next time they gonna use it after holding another winner's fund. I am really surprised how can they dare to run a casino platform when they have no backup fund. By the way, "sdice" wasn’t active today and i hope they will share their explanation about the open accusation.             

What's more worse is that cryptodice complete silence on this issue. They should have come up here and told what happen and why they can't pay the amount. They may get customers directly from the other social media sources but their campaign on this bitcointalk platform is over and the money which they invested in signature campaign will just go wasted .

I just wonder how a member ranked forum member launches a house along with investment feature. I mean either the owner or house must be a known entity to this community to add the investment feature. It is not an ICO, a newbie comes and announce about crowdfunding on their first day itself.

Here are few red flags, what I have observed in quick time:
1. No license information available on the site.
2. No contact us option and no mention about physical address of this services.
3. Site is announced here by a low rank profile (but at least a partnership with an established member/sister concern of known services will be different thing).
4. Script of the website is seeming like a known template and definitely not a own script developed from scratch (buy a script and lunch a crypto gambling house on next day itself with investment feature :o).

It only matters if they really care about their reputation on bitcointalk. I don’t wanna mix up their signature campaign with this issue where only signature campaign can't be the yardstick for any platforms honest service. We have seen in the past that many platforms have committed scam after running their campaigns on bitcointalk. So you or me can't change their mindset forcefully if they don't want to hold their reputation by their own.                     

Your concerns are good but probably you are late to warn this community. They launched/announced their business on this community by some 22 days back and OP got red flag on 20 days after that. I mean if you have listed all these things somehow around the announcement of this house, I guess some gambler might have learned something and might have avoided if they have already invested/started playing with their hard earned money.

Now, let's wait how and where their scam accusation will be heading up.

OP was last active on the same day of negative trust. This simply shows like this could be a planned scam. (This is just my personal opinion and I guess due to week-end, OP might take time to address the accusation and solve that amicably).

Let's wait more without spending on this house in any means.

You're definitely right and only have just some common sense you would able to spot out if that thing would be shady or not. Having 1.5 jackpot when they are just starting or shall we say that
they arent that popular will really give you questions in mind that this cant be real.It would be pretty obvious that they are just faking those numbers just to lure in people.Bad thing for those
who had been fooled and that one will surely cost them money.Community would able to know into its current reputation and hopefully it should really
be avoided at all cost.

They are having false promotion here and with the exposed monthly payment to the player, I don't think they are even capable of paying $1.5M jackpot.
Should be realistic with their promotions, I don't think people will participate on this promo.
Their investment feature will more than likely be spent in paying this player who won about 0.448btc and other small winnings.
Be careful in joining their investment scheme. With very few players online, bankruptcy is on the way for this site.

The investment plan is being opened in the very early stage. Compared to rest of the gambling platforms available it has got low usage, and now if someone makes an investment it has the increased chance of ending in loss. Already some issues have arisen, according to the above post. Rather than focusing to investing on low profiled platforms it is good to go with trading or holding of the same assets within our secure wallet.

I like launch game . Hope daily race comeback

Are you kidding? This site is not even able to pay a user who won less then half BTC and offer to pay it in monthly basis for around 10 months.
Cryptodice should pay this user first in a full amount then they can do something else for promotion purpose.
Jackpot is still available, it is more than 0.2btc at the moment.
If this jackpot amount is real, cryptodice may use it to pay the winning user. At least cryptodice need additional amount less than 0.3btc to pay the user.
It is better to solve the problem first and sacrifice the jackpot and some amount from their initial bankroll so they can continue the project.

I don't know on what is his relation to cryptodice but seems he's shilling this site to make it active again but it will never work here since they have bad reputation here and to clean them up they should clean their past issue so people could find any good things to trust this site, but dor now its best to avoid here while there's an issue.

Tried looking of his previous post mostly non sense and just participating on the games and rounds let's just ignore users like that I think. In regards with the issue of cryptodice.io i really do think they should fix the issue about the user who asked them to pay for 10 months that's actually really bad for a casino so which means if you have won an amount this might also happened to you or anyone all I know casinos should pay immediately not on a monthly basis.