Revealing scams deserves -1, gah Some suggestion for this script, add Bitstamp into the list for source of bitcoin price  (wonder if bitcoin talk can one day have a stream for all new posts, get everything in realtime, flows the new data out when new replies on subbed post comes in) |
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I guess that's why he didn't want to use an escrow when I suggested it.
Gone, gone for good. Told everyone to cashout asap in the beginning of the incident (oh wait, who is -1 ing me on bitcointalk++) |
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Casinobit is not a scam or a Ponzi.
Clearly there was an issue with the math using the investment feature. Actual site "profit" should be 2.7% of the total wagered, which would be 82.836BTC. The site is luckier now, making 130.54BTC (4.25%) since tracking started. However, variance should be accounted for and over the long run, that 4.25% will come down closer to 2.7%. Much of this profit was earned prior to investments.
Now, how is it that someone can invest and then withdrawal 50% more than they invested in only a few days? My guess? The potential variance was not accounted for so any house "wins" were considered "profit." OR, perhaps house "losses" were not deducted from the users bankroll? Too good to be true? Absolutely. I'm not certain why, but clearly the math was wrong and some users were able to exploit the miscalculation to take a significant amount of money from the other investors. If ~200BTC is owed to investors, the site will need nearly 8000BTC of action to expect to be able to cover that amount. IMHO, the "investment" feature needs to be removed immediately and resolved separately (potentially by proportionately paying out remaining investors with what's available or offering a cut of future profits.)
Questions to ask:
Was the investment money guaranteed?
Was the risk passed on to investors?
Is the site BR & investor BR separate?
Did risk include the possibility that a miscalculation could occur?
Is the site responsible for it's own exploitation by other "investors?"
Full disclosure: I provided a capital loan to the site, which was repaid in advance a couple months ago.
1. Actual site "profit" should be EXPECTED TO BE 2.7% of the total wagered 2. see my scam accuse post or ask guys out there like vless or 01BTC10 why it is a ponzi, scan the whole thread at https://bitcointalk.org/index.php?topic=272037 and https://bitcointalk.org/index.php?topic=171094.0Was the investment money guaranteed? No Was the risk passed on to investors? Yes Is the site BR & investor BR separate? There is no site BR, everything is on the invested amount Did risk include the possibility that a miscalculation could occur? Yes Is the site responsible for it's own exploitation by other "investors?" It is a function that how it works, designed to be by him. To rephrase, designed to be a system to run ponzi, as TradeFortress states, new investment is not profit for old investors, and Casinobit makes it be |
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When i have time, i guess i should make a ponzi coin game with feature of casinobit and BitcoinGem
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What makes this a secure messaging platform?
Every other SMS replacement claimed/claims to be secure and by now every major service turned out to often not even include encryption or a bad one making it not secure at all.
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I could translate into german, but not for 0.2 BTC - there is a lot of text in there and this takes for sure 1-5hours i think.
Up to you. Already finished 8 languages, 10-15 more left. Come on guys, come forward for the other languages Proof read are welcomed too if i remembered it right |
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did i heard GIGAVPS somehwere above?!? He is still owing me 2 shares of GIGAMIMING. With all those lawyers and I am under 18... gone for good  Kinda off topic. anyway, I do love the 2 new shiny texture on the USB. |
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I'm not sure what qualifies as "whale action", but this was just spotted on Just-Dice.com  10/560 I call it a Salmon |
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Sorry but no.
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Look at that gov website, so well made must be fake also! Nice gfx Hong Kong government sucks at technology. tahts official gov page for company reg. query afaik |
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What's going on with the Share price??!! Maybe you guys should put the nice LABCOiN Logo to the profike;)
Try post new tldr here and see how many guys will think it is legit! BTW Labcoin's claiming "ILIGHT TECHNOLOGY LIMITED" register number in hong kong is 1406561 https://www.icris.cr.gov.hk/csci/cns_search.jsp <-- you can search it here (have to pay HK government if we need to fetch detailed docs) |
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Asia Business is who registered our legal entity in Hong Kong and included in the price of company registration you do get a a mail forwarding service, normally you use that for correspondance, until you find and buy/rent your office space. Here you go June people, june! Read  Hmmm guessed i had missed sth before hand... |
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You are a reputable member of this forum so your word means a lot. Is this now a confirmed scam? No other reason to fake a address right? This is just a surface research from Google, the above sites (also include job catalog sites referring to those site, plus I uses new data only, date filter from Google) have the same address. You cant simply stuff 10 compaines in 1 room right, even if half of them leaved, i am sure that you still can stuff them in 1 room Business catalog site: http://hk.88db.com/Business/Consulting/ad-5349452/Posted at 13-08-24 by amplusbs.com , will consider confirming the phone number shown 31103630 on site tomorrow (office hour) I will take a visit, and take photos there if i have time, catching up my summer assignments |
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How can there be a FEE REBATE if there's no fee? A rebate is a partial or full return of what was paid. Therefore a fee rebate means it's a partial or full return of your fees. If you had no fees, how can you possibly have a partial or full return of the fees you paid?
(Note: full returns can also go over the original amount. For example, there are plenty of mail-in-rebates I've gotten with things that paid more than I spent for the original items)
Huh? Coinlenders is a website that gives loans. You don't get paid for everyone withdrawal's fee. lol You get rebate on the interest fees. The US-clean version We take fees on deposit and reviewing profiles of potential holder of our coins, sadly, the fee are too low that we are losing money  |
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Confirming is slow again, like block in and not confirmed tx. Better optimize your server |
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You can Skip Terms & Conditions, as it is very sensitive and also large.
We will translate it separately.
You should have tell it before, snif Thats just an hour, worth it |
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Paid And so stupid that i did the terms and privacy that no one reads Most important line to translate in the terms The construction, validity and performance of this Agreement will be governed by Costa Rica law. The competent court in Costa Rica will have exclusive jurisdiction in any matter arising from or related to this Agreement. However, this shall not prevent us from bringing any action in the court of any other jurisdiction for injunctive or similar relief. The English language version of this Agreement will prevail over any other language version issued by us. |
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You can Skip Terms & Conditions, as it is very sensitive and also large.
We will translate it separately.
Read this too late lol - - ,worked on it anyway, just translate the 14.1 item and you are done English is the master and final version of the terms, YOLO! No one cares if you pooped on your language version |
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