I think the part that is funniest, is how all this happened when the domain expired. It's like after taking investors money he put so little effort into the site he couldn't even be bothered to renew the domain. And then couldn't even be bothered to bring the site back online, and still has been too lazy to spend the 2 minutes of effort required to putting up a page that tell his customers/investors what happened.

Dean's a real piece of shit. I hope this all comes back to haunt him.



Why don't you just do it now? It's not like you don't have the money...

Yeah, you can. Some big sites like bustabit.com do this. Actually I originally authored the code, and it has been very successful. To all the people who think it's not possible, make a deposit on bustabit and try defraud the system. I'll wait 

However there's two things you to keep in mind to make it work

a) Charge for the service. It's really important people can't attempt to defraud you for free.  (For instance bustabit charges 1% for the precredit service, that way it costs money to try abuse the system. i.e. you need to be able to defraud them more than 1 or 2% of the time to be profitable).

b) Have a fallback for transactions without high enough enough confidence (i.e. accept a lot of false negatives)


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The very first thing you need to do, is check if the transaction opts into bip125. If so, then it's never going to be safe prior to confirmations. Then assuming it's not bip125, what you want to do is make sure the transaction hasn't been raced. So have quite a few nodes in different spaced around the world, ideally with slightly different bitcoin core versions. Then wait a few seconds, and only precredit the transaction if every node has the transaction and it's got a decent fee rate.

Then if you want to get fancy, you can also monitor for double-spend attempts (but this is a pain in the ass, as you have to modify core) and they can report to you if they have seen an attempt.

And then most importantly, have a good system that notifies you (And possibly pulls the plug) if you get defrauded. Make sure you never precredit more than {uperBound} of bitcoin at any time, to cap your total risk.


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Also keep in mind that it's perfectly possible to do now. HOWEVER tomorrow it might not be possible. If a small mining pool decided to (privately) accept double spends, you'd be irreparably screwed. So make sure your business model doesn't depend on "pre-crediting" or you could find yourself out of business overnight. (But it's a super cool nice-to-have to make an experience better).

Even if there was a secret "clone site", it shows how hilariously dishonest Dean is. He's basically saying he risked peoples money to run a secret site, that he didn't want to cut them in on.

This is no different than DMF of dice.ninja who used investor/players money to gamble on other casinos (until eventually he epically busted on PrimeDice and lost it all). Then just went totally dark. And offered a few signed messages promising people who was going to make repayments (which he never did, of course).

Amazingly even though his identity was known, because of lack of any prosecution he managed to get away with embezzling millions of dollars. I guess Dean is hoping he can get away with the same fate.

If anyone's in the UK, it should be reasonably easy to get your money back. Just start a legal case against him, and I guarantee he'll just settle instead of trying to fight it (after all he has everyone's money, and he knows he's in the wrong). I think the only tricky thing would be to initially serve him, but the public company records should give a pretty good place to start from:

https://beta.companieshouse.gov.uk/officers/nK73h2CygjC43aISY_mEnOF0JaM/appointments

You can also just generate a unique username: https://jimpix.co.uk/words/username-generator.asp#results (e.g. "chopwave" ) and when you're done, move on and never use it again. Or you can delete it at the end. No one is going to be able to associate it with you, and honestly, imho, a site that has open bet information is just so much more interesting than one with all these [[hidden]] stats/username/bets.

Well, scammers are going to scam. The whole story makes so little sense, there's no point even trying to pick it apart. And even if it was true, Dean could easily personally cover it. He had a significant amount of bitcoin (to the point he felt comfortable "retiring") and then came back and made at least a few million from "investors". Last year (before he turned so overtly scammy), I was in talks with Dean to buy bustabit and iirc the number we were discussing was around 10M USD (iirc). Thank fuck that never happened, and I sold to Daniel instead.

And to players/bankrollers/investors: Sorry for your loss. I wouldn't get your hopes up about any promises. It's pretty much exit-scam 101, as a low effort way try taper people's anger .

He is basically saying that if Dean exit-scams, then it's his own fault for having trusted Dean. But if Dean's business has just died  (and thus pays everyone back their balances at least) then he blames you for being the one who killed the business

Maybe. I really hope so as it would really sucks for you to have put all the time and energy into doing all the promotion work of a scam site for free, but also just losing your own investment on top of it 


The site has been down for >1 week with no communication.  Even if it does turn out to not be an exit-scam and he comes back and pay out people's balances, it's trashed any possible value the site has had. And since he renegged on his guaranteed token buybacks, that means token holders are screwed

To be fair, I didn't leak your information. I just provided (poor) analysis on a screenshot you publicly posted on this forum. And it's not like it directly or indirectly contained anything too personal like your actual name or address. I still don't believe you don't have deeper ties to Dean (considering the logged in gmail account was linked to being used to spam betking, and even the chrome profile was setup with a betking logo). That said, I shouldn't have done it, and regret doing so.

Anyway, I'm glad you came back to defend betking even after it just disappeared with everyones money.  Carry on

I believe you claim to be both an ICO and bankroll investor? If so, what happened to your money? 

At a high level: the bankroll is the counter-party to players bets. So when people bet and win, they win from the bankroll. When they bet and lose, they lose to the bankroll.

Casinos will generally base the limits (i.e. max-profit) based on the size of the bankroll so they don't risk bankruptcy. So generally the bigger the bankroll, the bigger bets and betters the casino can safely handle.

So the idea of a crowd-funded bankroll is pretty simple. Let's say the bankroll of a site is 99 BTC, and you want to contribute 1 btc. The new size of the bankroll would be 100 BTC, of which you contributed 1 BTC. Thus you own 1% of the bankroll. So that's your stake. Now if the size of the bankroll changes due to people gambling, you keep the same stake. (i.e. you'll make 1% of the loss and profit).  At any time you came divest your stake to get bitcoin back.

Anyway, that's the rough idea of how it works at a high level.



You are free to create and use multiple accounts. Balances and internal transfers between accounts are private information. However bets are public information and there's no way to hide this. But I don't see why you'd care if people snipe your bets, it's not like it changes your bet outcome or the game outcome

I'm not interested in another argument, but I will just (again) state that I'm not Daniel. But believe what you want, it really doesn't matter to me but I rather just avoid leaving that unchallenged or people will take it a sort of implicit acceptance. 

Thanks. I'll mark this as resolved. 

Works for me. It looks like a good charity. Perhaps if you lose the bet, you should publicly donate to them 

As almost your entire post is post is nonsense, I'll ignore most of it:





I run the audit server. Every single bet bustadice takes is sent to the audit server, and bustadice can't know the game outcome until the audit server replies with it's part of the server seed. As such latency is extremely important, and it is almost a necessity to host them physically close together (hence us discussing which datacenters/locations are suitable for both of us).





Go ahead. In fact, if Dooglus agrees with you -- I'll send you the 1 BTC and another 9 to the (registered) charity of your choice =)

Yeah, BayAreaCoins has a point: the language on the website should be changed. Although, he's making a mountain out of a mole-hill. It's a minor dot-point 3 pages down:


and it probably means to say something like:



but it's pretty clearly it's not malicious or was intended to mislead people. My very original post on this topic was agreeing that the language should be changed, and I have no doubt Daniel will do it when he becomes aware of it.

But BAC taking out on me is a bit strange. Bustadice is not, and has never has been my site. I did not write that sentence, and have no ability to change the language. If fact, the only reason I am the auditor of bustadice was because at the time I agreed, Daniel was a competitor to me. And who wouldn't want to audit their competitor .  Since then, Daniel bought me out of bustabit -- so it doesn't look good from an "independence", and I'd be more than happy to step down as auditor if someone reputable wants the job

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[I'd also like to point out that I act for auditor for free. But I am not 100% sure about that, as I think I might have originally asked Daniel to pay me for the $20/month or so of server costs in running the auditor. I quite literally can't remember, but either way I have no tangible financial stake in auditing other than protecting my own bankroll investment I independently made in bustadice]

Yeah, in hindsight I should've just ignored him. I thought if I  offered him incentive to go through my post history, he'd realize he was mistaken or misremember or something. Instead I've just given him a lot of reasons to think he was right about something he clearly isn't.

Well hopefully this thread will help him see it's hard to find people who can agree with his point of view, and maybe he wasn't right ><

How are you trying to connect to it? Most programming language have a easy to use jsonrpc library, or even wrapper for bitcoin core api calls.

Context:

* BayAreaCoins makes the accusation that I misrepresent both bustabit and bustadice sites as offering a provably fair system for investors.  link

* I strongly deny this, doubly so because bustabit offers zero investor protection (it's literally: 100%-trust-daniel), so it would be blindly obvious if I tried to pretend otherwise and furthermore, I have absolutely zero motivation to lie (considering I have no role in bustabit other than an unpaid chat mod). I offer him a bitcoin if he can substantiate his accusations link

* BayAreaCoins posts what he believes substantiate his claim link and now believes I owe him money.

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I think it's absurd as I don't believe he's found anything remotely like what he accused me of and intentionally conflates bustadice guarantees with bustabit, so he can try make it seem like I misrepresented things. Furthermore, I think he's engaged in childish trust abuse by giving me neutral-feedback regarding language on bustadice website (which as he knows, I have no stake/ownership in and just act as an auditor of game results). He is currently threatening negative feedback unless I pay him a bitcoin, something I think is not nearly merited.


So I'll leave it to bitcointalk, who is right?

@BayAreaCoins please feel free to add anything here, although I've tried to make the summary as objective as possible.


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Edit 1: I have removed the negative feedback i left on his profile to try de-escalate the situation a little  

I'm sorry, but this is beyond stupid. I actually agree with you about the language on the site needing to be changed. But the fact that you know it's not even my site (i'm just acting as auditor) and in fact, it's never been my site (Daniel built it from the start) makes this extra stupid. So I'll call your bluff and raise you negative.