I am posting this answer on behalf of the management:

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This answer to several ignorant allegations is going to be solitary and final. Please be acknowledged that further communications will be held solely in the form of quarterly reports.

To begin with, as it has been clearly stated before, CSNO is a dividend token. That means the token holder is entitled to receive a share of Casino's profit. That's it, period.

Nevertheless, to dispel the unfounded accusations, please see below.

The initial price has been $8.4m/100m tokens = $0.084 per token.

With the buyback program running on the website, one can instantly sell CSNO approximately at 50% of the ICO price.

Sure enough, it is a remarkable upshot taking into consideration more than two years passed since tokens were issued.

Should one decide to dig deeper into BitDice financial matters, they are very welcomed to scrutinize the Quarterly reports, which are published on Medium.

As for the BitDice development pace,  the team admits that the buildout period has been significantly more than it has been initially planned and announced.

Due to business nature, it was hard to predict all the obstacles that had arisen. It's almost impossible to open a bank account for crypto-related companies in the EU, not to mention gambling as business activity. As an example, attempts to fix an agreement with Wirecard related to fiat payments processing took almost a year and finally ended in vain due to circumstances that were out of the team's control.

Moreover, at one point it has been decided to cease certain activities until the launch of the new website, which is currently under the final stage of development.

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if he is betting 1% of the bankroll and hit x130 or x999 on the red line, that means a profit of 130% or 999%... I don't see that as a guaranteed loss. As any kind of betting, is about luck. With the right luck, you can win big with one single bet.

I have not looked at the white paper of the ICO or anything to do with the ICO, so I'd like to play the part of a person who did no research to this point but has questions.

10 million dollars was collected correct?

Was the money collected in fiat, btc, or eth, or other alts?

What was the value of said currencies at the time of collecting for the ICO?

If cryptocurrencies were accepted to buy tokens, did Alex keep the money in cryptos? Fiat conversion?

If he kept it in cryptocurrencies when the price of crypto rose, why didnt the value of the tokens held by investors?

What about forked coins? Was any claimed? Did that value go to investors?

Some of these questions obviously are irrelevant if ICO funds were converted to fiat.

Would like to see the answers to these questions though.

9 885 962.231755212 = Total amount of USD raised with bonuses
All the proceeds from this public contribution will be used for business
expansion only.

I like bit aces and satoshis secret, anyhow from previous irl experiences I try to stay away from slotts.

If I didn't miss count I just count 160 slot machine games.

excluding slots which i don't pay much attention to now there are sports betting too.
On a side note bit aces is quite great.

I'm quoting you "deliver in 2017/2018 (2 years ago)"
The small update to the site coincides with the promise.
The slott games been added quite often and there is a huge amount of them now.
There are new games.
and currencies
and minor updates
and a going on bigger update

While I didn't follow the ICO I did spend a bunch of time in the chat.
You are the only user that come and generates FUD for some unknown reason.

On a side note, that new rating looks great, next time inform yourself before following a false flag or let me know when you investigated enough.
Might leave it since I see that persistence might be paid by competency.

You cannot lie to me because I seen how the site updated thru the years, If I'm something that thing is a gambler.

I see you keep editing your post, the update isn't irrelevant it was the only thing you had against the site excluding the funding which is still there.
Not like you got many ways to promote a casino. These bumps, someone might thank you for them.


when people doesn't want to hear you can do anything and they will keep repeating the lies till they believe them themselves
one can only sell a product that one believes in.

There are quite a bunch of games and few currencies that were added in the past years, count that the signature campaing is one of the best paid of this forum each single legendary user is 3640 usd a year.
Had no idea site was expecting a update but there were new slott games it even added sports betting last year.
I never seen in over a year lurking that chat of any investor whining.

And the site was updated few years ago not sure how everyone forgot.

Excuse me, but how is investor complaining that you didn't deliver something which you supposed to deliver in 2017/2018 (2 years ago) speculation?

So you invest in something and they say they will do something in 2017., you complain in 2020. that they still didn't do it, and you call that a silly accusation, pressuring someone

Yes, I believe it's silly to accuse of being a scam when a response has been given about how the things that the complaint is about are being worked on. Scam would be if there was no effort being put into anything and everything is simply being left as it is. Then again, maybe my definition of a scam is different than yours.

@Boxxob have you shown this to alex( I believe that's the owner) yet? Why hasn't he responded so far? Thread has been up for nearly a week.

I am not an investor so I would not like to speculate here. Alex could come in and set some things straight for users or at least explain some issues.

As investor, you have right to know what they did with your money and every single cent of invested money. Do you have such information?


Ok, looking at roadmap picture, they said they will have these games available in 2017/2018., games should have attracted new players and I suppose that is one of the main reasons to invest in gambling site, if they still didn't release them then they lied to investors, tricked them to invest and scammed them. Why is this in reputation?

How much you bet with has absolutely no bearing on how much you win (in terms of % gain).

The house edge remains the same in any case, so it's all about your personal risk appetite.

I prefer to bet around 1% of my bankroll per bet, since I get more out of it that way.

That's not compiling shit, that's making claims and nothing you said was actualy concrete, you atacking the site for whatever reason you do.

That's wrong, my coins would of been way better invested in CSNO rather than in physical slott machines.

There's been a bunch of speculation going on in the BitDice thread (https://bitcointalk.org/index.php?topic=1700658.new;topicseen#new).

I've done my best to address the questions I have answers for. I've seen signs of progress myself of the upcoming site update and can say that progress is being made although it's obviously not visible on the website. I've been told there might be some information about the progress that has been made on the upcoming quarterly report.

Joksim has been one of the people participating in the speculation on the aforementioned thread. The people participating in the speculation seem to, for the most part, be ignoring all of my answers as well as always coming up with a new question without addressing my responses.

As I've said multiple times already, the management is not hiding the fact that things have been delayed. I think that's pretty clear. As I've said, there's work being done and results should be visible sooner or later. Nobody has abandoned the project.

The site is doing great, I never heard of a investor making any claim and I almost buy the token myself and I regret not doing so. It didn't decieve anyone it paid out investors and it made the investment thru the token as "shares" of the site, so now it pays dividends.
I spent quite a lot of time on the site in the past and I know it's legit, besides all that it has one of the best paid signature campaing out there.

All the negative things you mentioning I'm quite unaware of.

Any plans to add any new slots to the site? The current selection is looking super dated, and Satoshi's Secret is definitely needing a revamp.

Also, what games are you guys currently working on?

Is there some kind of community vote where we can help choose which game is added next?

Used to use Bitdice a few months ago but got bored of the selection and moved to newer platforms. Would like to give it a spin again though if there's anything new?

Where’s the quarterly report so we can read the latest lies about how our expenses have doubled and our revenues fallen to a pittance?

The token is down largely because there are no exchanges and the communication sucks.

Not to mention the misappropriation of our funds going towards things we never agreed to in the white paper like two years of operating costs with no milestones met and lawyers being paid to hide the perp’s identity behind paper offshore fortresses.

To add to the discussion:

1. The token entitles only in profit participation. The invested assets no longer belong to the token owners. (which is a stark shift compared to earlier investements where you could redeem your money).
2. In the whitepaper they state that the money invested was to be used for:
"25% of the funds will be kept in vault as reserve. At BitDice’s discretion and dependent on market conditions, some portion of reserves can be used to buy out tokens on the secondary market to reduce public float"
"10% of the funds will be used for promotion and marketing purposes."
"25% of the funds will be used by BitDice Casino to fund capital expenditures related to platform development and business expansion. It will primarily consist of:

• Compensating the development team for enhancing BitDice functionality, applying new technology and integrating gambling providers into the platform.
• Developing its own unique and provably fair games on top of the old ones.
• Acquiring necessary licenses to be able to operate with fiat currencies as a traditional gambling entity across as many regions as possible.
• Paying legal fees to bring the whole business structure into full compliance with regulatory framework.

"40% of the funds will be stored as the casino’s house bankroll to pay out winning bets and bonuses to the players on the whole array of games presented"

3. Now, if you take a look at their quarterly reports you can read things like:
"Higher expenditures have been related to business expansion activities such as finalizing integration of fiat payment systems, expanding to new markets of Southeast Asia, and strengthening presence in social media."
"The majority of the cost was attributed to team salaries and legal fees associated with ongoing process of obtaining a license:"

The result:
These expenditures reduce the distributable profit quite significantly. Which means that token holders (at least those participating in the ICO) pay twice. Once for the token itself and then via the reduced profit.
And just to reiterate: In the whitepaper/prospectus they clearly calculated the dividend with 70% of the profits. There's no mention of running costs.

I can live with the abysmal performance of bitdice, but I don't like getting ripped off.
Either they pay the above mentioned expense from the ICO proceeding and fully distribute the profits. Or they pay all expenditures from the net profits, but in turn treat the tokens like shares in the company.

The last point is vitally important in the case of closing the company. Let's assume in 2 years the team decides that the company wasn't profitable anymore and that they want to close it. The tokens would be worthless at that point, although the assets from the ICO are mainly still there, probably beeing distributed among the team.
One might even say that this creates an incentive to running the company into the ground...

If you have the money and want, then you can let develop a new casino within 3 months.

The delivery of only 5% of the promised usage of the invested money after 2 years is clearly the criminal offense of investment fraud!

Curious why investors do not complain that they lost 80% of its investment?

Maybe the numbers of collected funds are faked to attrack investors?

Very bad casinos, ...

There are similar sites that do end up on the same path https://www.katiewager.com/gambling-tokens.html so this one isnt surprising.

What I can tell is that all sites will follow the same path (90%-100% lost of value) if decided to call for an ICO pledged to USD value with a token and then get it listed on some random exchanges, it is likely that the coin/token value will drop immediately, mainly because of the owner will likely dump the remaining of his unsold token to the public via these random exchanges. It only legit if any how there is an exact model of real life IPO/ Public offering to be carried over and apply to crypto and it denomination/minium price will alway be valuated against BTC, as well as there will aways be a full buy back commitment after a certain period of time (at least any investor can have his stake buy back fully at wish with original committed price).

It is interesting to see people who will still support the website after all that is done. We are talking about people who had thousands of bitcoin, millions of dollars and yet we are still talking about "can't implement new things to outdated website".

I am sorry but with that kind of money you can hire the best developers around the globe for months on out until they finish the websites new version and on top of that add insane amount of games and features, we are not talking about couple thousand dollars here, we are talking about millions of dollars here, they have more than enough money to continue to work like that.

Hopefully, either they will realize they did a mistake by not doing anything so far and quickly change some stuff, or people at least will realize that the team doesn't have best of intentions.

Why is the 365/JAZ license invalid?

BitDice bets are already fastest, there is nothing to improve when you are the best. Les then a year was here in this thread posted some rankings of web casinos and they were measuring how many bets you can make a second and BitDice was on top. Check history and you will find it for sure. To bad you were not active here back then

People should learn to see the difference between casino and the coin, that is the whole point here. Just because they have the same owners, everyone thinks that they have to be tied in the sense that there is connection between website to coin that somehow if one fails the other fails as well.

I will try to ignore GP as much as possible but just to even help him understand the situation, investors do complain, even here if you read the last 5 pages you will see that there are plenty of investors who complain about the Coin issue, however nobody can deny the fact that casino part is provably fair and legit and never scammed anyone ever.

Maybe owners of this beautiful and legit casino tried to do an ICO and failed, maybe they are too slow, maybe they will be good, we don't know what will happen with the coin but as you can see there are plenty of people who complain and simply put all people can do is wait for website development to finish, if you can't wait for it... well not like you can do anything about it, so best case is waiting.

There are people who dont really understand even how many times he had been told. @joksim299, why you cant just wait?

It's because when everything went sour on their end, they immediately blame the casino for all their losses. Of course, Bitdice takes everything seriously, but if we found someone just trolling this thread with absurd claims and such, better be answered them directly in which BoXXoB is doing. You just have to look at how many new faces pops up, as what @milewilda has posted.