There are a few examples of people who've done this, even here on this forum there's a thread of someone who sold everything and bought Bitcoin with all of his savings.

Could work out for him in the long term, if he just keeps saving in fiat from what he earns through his job.

Couldn't those reviews be ones that they've made themselves just to attract more buyers?
Though, I think there might be some unknowledgeable people who still buy from these scammers, probably nor that many though.

I agree that the concept itself is not inherently bad and that it could work, but there need to be more options to fight against defaults.
In cooperation with the site itself, I would say.

It's actually pretty sad that it doesn't work, because I could really see it being useful for people who don't have malicious intent that can't get a loan from a bank.

I haven't looked at every dice site out there obviously, but don't you think that Crypto Games has one of the best paying, if the the best faucet out of all dice sites?

Just look at the number of times you can claim and how much, especially if you've deposited and played for a bit.

I know someone already recommended Crypto-Games, but I'll give you my reasons too why I like it so much.
It's got a really nice interface in my opinion and compared to PrimeDice, the game is very fast.

They support around 8 coins, I believe and also have the option to exchange those coins with each other on site.

0.8% house edge, very few dice sites have one that low

I do hope that you can get these DDOS attacks sorted out soon, still having trouble connecting to the website.
Even on a different computer/connection, still going really slow.

I hope they will just give up after a few days, it seems like multiple Bitcoin related sites have been under DDOS and being blackmailed to make it stop.
Just saw some people complain about it on the Bitcoin Reddit :-/

I think this is probably the right answer.
I mean there are tons of businesses that basically offer the same service as each other, but there will always be enough of a market for certain things to allow multiple competitors.

It's just a matter of having decent marketing and making sure that enough people know about your business.

BTW, you could have also contacted exchangers on other sites and ask them to join your site by making them a better offer in terms of fees, or paying them to join for example. But this might be considered spamming.

I don't think that his exact idea was to stop Paypal specifically.
Besides, Paypal is just a symptom of the centralized banking industry as a whole, to which Bitcoin provides an alternative.

I think most people wouldn't mind Paypal since it's pretty easy to get an account and hide it from your partner/family.
Credit cards are different, can't keep hiding the monthly statements that come through mail.

That said, most porn websites only offer CC payments, usually not even Paypal.
In those cases it would be quite beneficial if they would all include Bitcoin payments.

I think that most people would have to exchange a chunk for fiat again, just to pay for things that you can't pay for in Bitcoin.
Though I think there are even services to pay for your utility bills through Bitcoin.

https://bylls.com/ for example

I'm not sure if it wouldn't make any difference, if that happens it would definitely show that he's alive and still has control over at least some of his addresses.
It could definitely trigger some kind of response from the market, I would think.

You can also look for casinos that have a maximum profit per bet, I know that Crypto-Games has maximum profit per bet that's dependant on their bankroll.
That should prevent the site from losing too much bankroll.

I've never really looked into P2P lending since it has always looked kinda sketchy and easy to abuse.
Only site I've heard of is BTCJam, and I thought there were at least some success stories there.

But this looks pretty bad indeed...

Yeah, I would also like to see an update on this whenever he plans on selling or if he's already checked if it's still there :p
But it's better to wait until he takes another action, now it's just waiting that he has to do.

I remember someone doing something similar with a fish, but over the internet.
You could donate Bitcoin to an address and that would trigger an automated feeder to put some food in the aquarium, and you could see it on a livestream.
The donations were used to get a bigger tank.

The website is still up, but seems like they've took down the livestream.

https://btcfish.wordpress.com/
https://www.reddit.com/r/Bitcoin/comments/3wub21/come_feed_the_fish_project_btcfish_started/

Just because a website looks legit doesn't mean that it is. Just saying this in general, not for this website specifically.
Do the donations go straight to the charities listed on that website? Never heard of Cubits before, but seems like a payment gateway?

Also, look for any charity on http://www.charitynavigator.org/ to see how their funds are spent before donating.

You know that 5000 tickets on freebitco.in are basically nothing, right? This round alone there have been 29 million tickets sold...

And to OP and anyone else calling fraud when they lose due to variance: gambling might not be for you
Fraud probably does exist with some dice sites, but not with the ones that have a provably fair system (one that's actually provably fair).

Just sharing a fun way to gamble on dice and one that will at least give you decent winnings if you're lucky.
I usually just go for low probability, high payout. So depositing 0.05 BTC for example and going after the x850 payout with 0.0001 or 0.00001 BTC bets.

Yes, I lose often but sometimes I also get lucky multiple times in a row and it's pretty fun to play like this.
Just don't spend more than you can afford to lose

Just went through the post history and found this thread:
https://bitcointalk.org/index.php?topic=1606431.0

Judge for yourself, he/she is not really making too much sense there
Feel stupid that I didn't check earlier before I made my other post.

My family doesn't know too much about it, but at least they don't think it's a Ponzi scheme or a scam. At first, they did, but I explained it and showed them by sending some coin between wallets with Mycelium and Blockchain using the QR code. Then I instantly withdrew 40 Euros worth to my bank account and showed it, they were pretty much convinced after that

I also have a few friends that already knew what Bitcoin was, but I don't talk too much about Bitcoin with them.