This isn't really an accusation that PrimeDice is cheating. Just that their system is a bit flawed. More that we can't know by default if results are fair unless one changes his own seed for every roll. It can be provably fair, but only in that specific circumstance. A provably fair system shouldn't have a cheating possibility under any scenario, regardless of if the site cheats or not.


Dooglus, I don't think Coinroll is "too cold". Doesn't JD provides a default client seed too? Need to change client seed once, good to go forever. Much better.

Fixed daily secret for everyone seems good. It makes it pretty much impossible to cheat players under any circumstances. Most people don't need to verify and won't do it immediately after betting or won't do it at all. The daily secret cannot be be changed without altering all previous bets for that day. Finding a secret that match all bets for the day would simply be impossible. We also don't provide a default client seed, avoiding any possible claim we chose one with lucky numbers favorable to the house for the current day/server secret. We simply use the user's deposit tx ID. Put simply, Coinroll users don't need to do anything to be on the safe side and we don't have to provide a default secret.

The whole point is everyone don't need to even verify and often most people won't. So archived bets are provided (not simply one by one bet lookup on the website, downlaodble archives for easy checking with script). Pretty much anyone can just run a check on the archives and report anything suspicious. When people are playing, they want results instantly. Verifying bet timing isn't as important. If you want to check that, you can always check bets in batch later. Being able to verify them immediately wouldn't change their loss/win. No new information. Just not as time sensitive, unlike betting which needs to be instant, so Coinroll use that system. Just seems like a stronger provably fair system. We have yet to see any demand for instant verification.

A dice site.

Bump

Would still need some more vote, have a more representative sample.


Well just all around, on various websites. So no specific place. As such, probably going to be mostly white/pale backgrounds like here.

Still need votes, too little sample. Thank you.

Hello,

we would like to receive feedback on color scheme to use for Coinroll's ads. Between the original colors and these other options, which one do you prefer?



Thank you for your vote. You may also leave comments.

Regards

I'm sorry. Buyback has ground to a halt. Coinroll was supposed to get IPOed early winter with a brand new website and tons of new features. Unfortunately, it never happened and Scrat has gone missing. Fortunately he transferred ownership to new owners prior to disappearing. Everything was going smoothly until then.

I still owe 178.44 BTC out of close to 400 BTC, of which 162.93 are owed to 3 large creditors and the remaining 15.51 BTC is owed to 37 small creditors who mostly haven't claimed.

I will need to talk to my 3 large holders. I would like to renegotiate the deal with the large holders and get approval to simply pay smaller creditors first.

It's the server running out of space with so many accounts and bets. A few bots have been playing last days. We're upgrading.

I mean among so many outright scams to choose for, that you mention me being late on repayment on loan repayment based on a single post in the middle of a thread.

Nothing was changed by the developer. It appears it was a problem with the script and latest bitcoind, which was updated shortly before the tookover. Possibly the same thing that impacted Prime-Dice.

Our developer is getting familiar with the script. Future issues will be resolved more quickly hopefully.

Deposits have been re-enabled and everyone impacted should have received a credit. It won't appear in transactions list, the balance was manually updated. Everyone affected, please check your balance to see if it's been updated.

Bad timing, Coinroll just got taken over and our dev had to travel and also got sick. We don't have systems in place yet for support staff to check system's deposits and provide credits for such issues. The dev hasn't had the time to get familiar with the Coinroll script, let alone start fixing anything within.

So, need to get that fixed, then lots of things to do and new stuff to add.

Deposits will be disabled until everything works again and the few affected depositors are made good on their deposits.

We have put an announcement regarding deposits on our thread. https://bitcointalk.org/index.php?topic=572544.0

This thread is no longer used. Thank you.

I have updated the main post with announcement regarding deposit issues.

It should be 1 satoshi minimum bet still. From here it looks like the setting is correct.

Employees need not be paid with dividends. You can pay salaries and not give out dividends. The profit shares offer no burden as they are not required to be paid monthly if there is no income excess.

Ownership is not currently trading. It does not need to operate as a publicly trading security. I know BitVPS needed to put that back in order. It's just a matter of determining who owns how much of the business. That's what needs to be put in order. I refuse a buyout.

I know BitVPS's income currently hardly covers for salaries to have at least a few support staff for 24/7 coverage and at the same time buy more servers for expansion. But how are the shares getting BitVPS in bankruptcy?

- After paying 300 BTC for 12.5% of the company to RG ($3000 at the times admiteddly)
- Spending loaned funds (denominated in BTC) on servers to reduce BitVPS expenses and helping make it profitable enough so we could start buying more servers with income. Which I then got repayed at a lower rate since the loan to BitVPS was in USD for the servers (Which means I lost a good chunk of money to get BitVPS back on track.) RG's investors made BitVPS go on and you and me had losses to make it go further into turning a profit.
- Working my way to 17.8% through distribution of owners' shares on a work ratio basis before I left BitVPS after about a year.

I am now offered 178k x 0.025 USD or 4450 USD for almost 1/5th of BitVPS?

- Despite multiple servers owned
- Good client base
- Good brand
- Good potential

There's not much assets (~10000 if my memory is correct) and current profit margin is small and didn't consider paying salaries to owners, but at this point, considering the brand and potential, I strongly disagree that BitVPS is worth 25000 USD. Especially considering the growth BitVPS is enjoying and that 1 year of averaged dividend is far from sufficient. After all you've put into it, would you really take your prorata of $25000 and leave? Honestly? You had somewhere around 20% if I remember correctly, afaik. 500k of shares where never assigned to anybody and their dividends put in a pool to distribute to owners based on work put in. You get 50% of the business added forever to your 20% and buy the remaining 30% for 7500 USD. That's a heck of a sweet deal to be sole owner of BitVPS. You put in the most work, you got paid 200k in shares. How has over 50% of public shares agreed already? Since when are you the owner of the 500k? When I left we had already agreed the 500k was not to be paid out to anybody and as the sole working manager, you'd get paid any dividends disbursed to them.

If paying dividends was such an issue and BitVPS needs 100% of income for expenses and expansion, why not just withold any disbursement of dividends until BitVPS can do so? That is not out of question. If BitVPS can't operate without even paying dividends, why buy it at all or keep running it instead of liquidating? If that was the case, why buy it back to keep losing month after month money? You know it's not like that. You're paying a few peanuts more than the servers BitVPS own are worth (~3x), dismissing the worth and potential of BitVPS and the value of the investment made in it.

I am officially very angry at you. You've just damaged BitVPS's brand to top it.

Edit: I thought I had already argued with you again and again it was not a good idea to dismiss shares or buyback for peanuts. That it would be too damaging to BitVPS's brand and not okay.

I think I missed something here.

Odd, PvP has been in the works for months too for Coinroll. Are you sure you are not Scrat, Stunna? Multiple personality disorder? =P </joke>

But seriously, there was a Coinroll v2 in the works when management changed. Coinroll might have that done before you, just like the release of Coinroll was done shortly before PrimeDice's. Congrats on betting volume tho.

Why 0% edge? Wouldn't all players just start gambling PvP all the time to never have any negative edge?

Glad we waited for the escrow to come back as he paid the raffle straight away when he came back. At least it avoids any concerns of double payment should we have decided to pay and try to get John K. not to send the escrow.

Stunna, this was an advertising campaign, so not necessarily users. But yes, it was an urgent matter to resolve. I will delete these posts once everyone has seen the notice as it's already noted in Scrat's old thread which is where most signature sellers where keeping track of the situation. I'd really like to keep this thread for reviews/comments/question about the Coinroll service itself.

Scrat already sent the signed list to John K. It appears he's just missing for all outstanding escrow. It's unsure if John is going to come back or anything. Apparently this raffle would have been better off without any escrow at all.

The move to new owners was in the works since early November 2013, 2 months before the end of raffle. John K. not showing up has been a big hurdle.


Except it technically occurred prior to the end of the raffle, at least agreement. Although transfer was delayed pending resolution of a few issues including this one. It had to go throught regardless of current situation with John K.