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Author Topic: [ANN]★vDice Ethereum Blockchain Gambling★ || [ProfitContainer is Deployed]  (Read 76941 times)
vdice_io
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November 01, 2016, 03:53:29 AM
 #101

First off, I would like to say I really like the concept of your website. I haven't seen too many websites that send money to gamble and get your money back. As I'm not really familiar with Ethereum, do you know any exchange website I could instantly change from BTC -> ETH and after it finishes gambling, it gets sent to an ETH -> to BTC? I would really love to try your website!

Thanks for the compliment. Our developers work super hard.

If you want to instantly change from BTC > ETH, shapeshift.io is the easiest.

We have built the world's 1st LIVE, FULLY Decentralized Gambling Platform.

Basically, all gambling games are built on some database.

There are 2 types of gambling games:

1). Non-Blockchain (Central Database) Gambling.

It works the same as an exchange service.

You send your ETH to the game owners.
They record your ETH balance in their own database.

You have to trust the people who run the game.

2). Blockchain Gambling (Decentralised).

At vDice.io our games use the Ethereum blockchain as the database.
So there are no accounts. We NEVER touch your money.

Instead, you play directly from your own wallet.
You send ETH directly to the Smart Contract, on the Ethereum blockchain.

The Smart Contract processes the bet, and returns the win directly to your wallet.

You only have to trust the Smart Contract.

Full explanation is here:
https://blog.vdice.io/what-is-vdice-ether-gambling/blockchain-gambling/

Thanks! I tried transferring currency with shapeshift.io and it works like a charm! One thing I haven't tested yet is sending back currency through the address that was generated. For example, if I was to change BTC -> ETH and after I gamble, it would send back the ETH to the original ETH address I had, but would that ETH address necessarily be linked to my BTC? Is there an option on your website where I could change the destinated address where I would receive my funds?

This is a really good idea. It's one of the better suggestions we've had.

Actually, it would be fairly easy to do with Ethereum. Our developers have discussed it in the past.

It will be one of the UX features we interview first, after the ICO. Our developers and Oraclize are super focused on the ICO code, audits and testing at the moment...
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November 01, 2016, 07:50:30 AM
 #102

I've done some research into the project, and while it seems very promising (as it decentralizes a big and centralized part of the cryptocurrency ecosystem) there are a few things that were poorly laid out. If you take a look at the Business plan, here are two example claims:
Quote
Bitcoin is the first blockchain. Bitcoin has a market cap. of around $10 billion. Bitcoin is huge for gambling. Around 50-60% of ALL Bitcoin transactions are gambling.
There is no source listed for this.

Quote
You should expect similar results for Ethereum, very soon.
This is a very hard assumption that was made in the business plan, one which could quite *easily* backfire.  

I'm not sure why the Whitepaper uses built in links instead of listing sources? I was also interested in whether there were any plans to also bring this to Bitcoin via a smart contract platform such as Rootstock?

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▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
..........FACEBOOK        TWITTER        TELEGRAM..........
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬
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November 01, 2016, 08:21:33 AM
 #103

#vDice Start #ICO November 15th, 2016! I recorded in detail Youtube Vedios: #Ethereum #crowdsale
https://youtu.be/gSRXGm-8Lhs  Russian-speaking people!



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vdice_io
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November 01, 2016, 08:50:29 AM
 #104

I've done some research into the project, and while it seems very promising (as it decentralizes a big and centralized part of the cryptocurrency ecosystem) there are a few things that were poorly laid out. If you take a look at the Business plan, here are two example claims:
Quote
Bitcoin is the first blockchain. Bitcoin has a market cap. of around $10 billion. Bitcoin is huge for gambling. Around 50-60% of ALL Bitcoin transactions are gambling.
There is no source listed for this.

Quote
You should expect similar results for Ethereum, very soon.
This is a very hard assumption that was made in the business plan, one which could quite *easily* backfire.  

I'm not sure why the Whitepaper uses built in links instead of listing sources? I was also interested in whether there were any plans to also bring this to Bitcoin via a smart contract platform such as Rootstock?

I guess it depends on how bullish you are on Ethereum generally.

If you think Ethereum has a future, then it needs Dapps.
It would be reasonable to assume that gambling will lead the charge for success.

I remember in 2011-12 when SatoshiDICE and Bitcoin seemed like a long-shot too.

At vDice:

- We have Ethereum founders and a top-tier team.
- We work with award winning Oraclize, currently the other best team in the ecosystem.
- We have delivered and maintain a live, working, un-hacked Dapp on the live network.
- Where others have made promises and whitepapers, we've delivered production ready code.

If you think Ethereum has a future, then vDice has to be the best bet.

The links in the whitepaper are to other documents of ours; audits, etc.
It's easier to maintain and update that way, given internal security systems here.

As far as Rootstock and Bitcoin are concerned, we'd love to.
We started life as Bitcoiners back in 2011 (those annoying types who get obsessed with it).

We did this on Ethereum 'cause it was so utterly interesting and available.
If we can do it on rootstock with Bitcoin, then why not. We'll have to dive into the Rootstock code.

But we still think Ethereum has a very, very bright future.
We're more convinced of that now, as we build with it more.

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November 01, 2016, 10:23:43 AM
 #105

I guess it depends on how bullish you are on Ethereum generally.
Well, that wasn't really the point that I was trying to make here. Regardless of whether ETH becomes successful or not, you're making an assumption that 50-60% of the transactions are going to be gambling (it is quite common for initial business plans to fail because of wrong assumptions).

If you think Ethereum has a future, then it needs Dapps.
I agree that Dapps are an interesting concept.

We did this on Ethereum 'cause it was so utterly interesting and available.
If we can do it on rootstock with Bitcoin, then why not. We'll have to dive into the Rootstock code.
You should definitely look into it and possibly add it into your development plan (if Rootstock is already ready for something like this). Decentralized gambling in Bitcoin would be a huge benefit considering the risks involved in a centralized gambling industry. The ICO will surely be able to fund such an expansion.

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▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
..........FACEBOOK        TWITTER        TELEGRAM..........
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬
.

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November 01, 2016, 02:43:43 PM
 #106

Hi everyone! Check out this Steemit post about our ICO! We discuss the details and also how to buy vSlice tokens for when November 15th comes around and the crowdsale starts!

https://steemit.com/introducemyself/@t-winters/vdice-from-eth-dev-hq-to-a-world-1st-ethereum-dapp

Also Check out this recent Cryptocoins News article about us! https://www.cryptocoinsnews.com/ethereum-developers-re-imagine-betting/







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November 01, 2016, 07:21:27 PM
 #107

We started life as Bitcoiners back in 2011 (those annoying types who get obsessed with it).

We did this on Ethereum 'cause it was so utterly interesting and available.
If we can do it on rootstock with Bitcoin, then why not. We'll have to dive into the Rootstock code.

But we still think Ethereum has a very, very bright future.
We're more convinced of that now, as we build with it more.
So you started with Bitcoin and as soon something technically better (at that time) with more possibilities (DAPPS, smart contracts) showed up you switched over.
Will you guarantee that in the future when  we possibly may see even more advanced altcoin with better, futuristic solutions implemented you won't ditch your current project and switch again?
I mean current ETH blockchain has some limitations as well.
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November 01, 2016, 08:40:05 PM
 #108

 Exactly 2 weeks from now the ICO will start. Get your ETH before it's too late! I'm so excited about this project.

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November 01, 2016, 09:07:49 PM
 #109

I am following and supporting this project. Looking forward on ICO date and more updates on this.

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DECENTRALIZED SOCIAL TRAVEL NETWORK & PAYMENT SYSTEM
✶✶✶   Whitepaper   ✶   Telegram   ✶   Facebook   ✶   Twitter   ✶   ANN Thread   ✶✶✶

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November 02, 2016, 01:51:18 PM
 #110

We started life as Bitcoiners back in 2011 (those annoying types who get obsessed with it).

We did this on Ethereum 'cause it was so utterly interesting and available.
If we can do it on rootstock with Bitcoin, then why not. We'll have to dive into the Rootstock code.

But we still think Ethereum has a very, very bright future.
We're more convinced of that now, as we build with it more.
So you started with Bitcoin and as soon something technically better (at that time) with more possibilities (DAPPS, smart contracts) showed up you switched over.
Will you guarantee that in the future when  we possibly may see even more advanced altcoin with better, futuristic solutions implemented you won't ditch your current project and switch again?
I mean current ETH blockchain has some limitations as well.

It's a fair question. Though the facts / assumptions are not technically correct.

We are blockchain nerds. We maintain successful applications for Bitcoin at the moment too.
We've even written applications for Dogecoin that are very successful for that space, on an ongoing basis.

These are all betting / gambling applications. So we stick to a core competency.
As we believe it is wrong to spread yourself too thin. Then nothing gets achieved. That's a core philosophy for us.

So, we don't "ditch" anything. These are ongoing projects that are going well, in a commercial setting.

We have a good core team of developers, some of the best. We have guys even on the original Ethereum founding team.
We also have an extended team of sub-contracted security experts, and developers.

After the crowdsale, with funds, that team will be increased over time, at a manageable pace.

We realise we live and breathe by the developer talent we attract and keep. We consider ourselves very good at that.
It's probably the most important thing. This space has a limited amount of real talent, for how fast the technology is growing.

That will change over an extended period. But it takes time for real talent to re-tool and re-adapt to working with this new technology.

So, it was never a matter of just switching over to Ethereum. It was a platform that allowed us to build an extra application within our core competency.

Please ask further questions if you feel this was not a satisfactory answer. I am not being facetious. Quality questions like this help everyone on this thread.
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November 02, 2016, 01:57:17 PM
 #111

Exactly 2 weeks from now the ICO will start. Get your ETH before it's too late! I'm so excited about this project.

You can also buy with Bitcoin!

We are building a process to make that very easy for BTC holders.
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November 02, 2016, 03:22:34 PM
 #112

Why this thread is in marketplace section?it should be in altcoin announcement section.Move your thread there in order to get much visitors and investors.This is not the right place for the project ANN/pre-ann
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November 02, 2016, 03:30:26 PM
 #113

Why this thread is in marketplace section?it should be in altcoin announcement section.Move your thread there in order to get much visitors and investors.This is not the right place for the project ANN/pre-ann

Here is your answer

Replies from mprep

Quote
Your token is closer to an investment token rather than a coin or some sort of blockchain based functional technology. As such it belongs in the Marketplace (Altcoins) board, rather than the Announcements (Altcoins) one. Nothing I can do here.

Quote
Unless "vSlice altcoin" is a different thing (calling it different doesn't count) than the vSlice token, no, you can't. Also, anyone can "trade it like other altcoin" applies to securities and the numerous crypto-based investment tokens being distributed on altcoin exchanges. If it's more of an investment than an actual new tehcnology/currency, it belongs in Marketplace (Altcoins).







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topesis
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November 02, 2016, 05:14:31 PM
 #114

I also think the decision to put it in this section is because this project is on Gambling and you find more people in this section that are interested in Betting and Gambling, I have not seen any gambling or betting related topic in Alternative section

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ToucheCoin
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November 02, 2016, 05:44:54 PM
 #115

Why this thread is in marketplace section?it should be in altcoin announcement section.Move your thread there in order to get much visitors and investors.This is not the right place for the project ANN/pre-ann

Here is your answer

Replies from mprep

Quote
Your token is closer to an investment token rather than a coin or some sort of blockchain based functional technology. As such it belongs in the Marketplace (Altcoins) board, rather than the Announcements (Altcoins) one. Nothing I can do here.

Quote
Unless "vSlice altcoin" is a different thing (calling it different doesn't count) than the vSlice token, no, you can't. Also, anyone can "trade it like other altcoin" applies to securities and the numerous crypto-based investment tokens being distributed on altcoin exchanges. If it's more of an investment than an actual new tehcnology/currency, it belongs in Marketplace (Altcoins).
Oh i got it now,this thread was moved by mod.But what is the difference between investment token and a coin?Vslice token will deployed on eth blockchain as a smart contract and the holders will receive profits from the gambling project.Sorry to ask again but ICONOMI is also an investment token rather than a coin and also behave as any standard ERC20 token.Why ICN thread is still in the announcement board?Vdice is a good project imo and here less people will visit the thread compare to any shitcoin thread in Ann section.I don't understand this things but a pre-ann thread of vdice  in altcoin ann board can get much attention from the potential investors during the ICO.
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November 02, 2016, 08:03:35 PM
 #116

I also just noticed this thread yesterday. I was a bit sleepy but it did caught my attention. I like betting and investing in it as what I am currently doing. So this is a perfect opportunity for bettors and investors. Currently there are only few betting sites that accept investors so vDice is giving another room for people to join a unique betting site.

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November 02, 2016, 08:06:23 PM
 #117

We started life as Bitcoiners back in 2011 (those annoying types who get obsessed with it).

We did this on Ethereum 'cause it was so utterly interesting and available.
If we can do it on rootstock with Bitcoin, then why not. We'll have to dive into the Rootstock code.

But we still think Ethereum has a very, very bright future.
We're more convinced of that now, as we build with it more.
So you started with Bitcoin and as soon something technically better (at that time) with more possibilities (DAPPS, smart contracts) showed up you switched over.
Will you guarantee that in the future when  we possibly may see even more advanced altcoin with better, futuristic solutions implemented you won't ditch your current project and switch again?
I mean current ETH blockchain has some limitations as well.

It's a fair question. Though the facts / assumptions are not technically correct.

We are blockchain nerds. We maintain successful applications for Bitcoin at the moment too.
We've even written applications for Dogecoin that are very successful for that space, on an ongoing basis.

These are all betting / gambling applications. So we stick to a core competency.
As we believe it is wrong to spread yourself too thin. Then nothing gets achieved. That's a core philosophy for us.

So, we don't "ditch" anything. These are ongoing projects that are going well, in a commercial setting.

We have a good core team of developers, some of the best. We have guys even on the original Ethereum founding team.
We also have an extended team of sub-contracted security experts, and developers.

After the crowdsale, with funds, that team will be increased over time, at a manageable pace.

We realise we live and breathe by the developer talent we attract and keep. We consider ourselves very good at that.
It's probably the most important thing. This space has a limited amount of real talent, for how fast the technology is growing.

That will change over an extended period. But it takes time for real talent to re-tool and re-adapt to working with this new technology.

So, it was never a matter of just switching over to Ethereum. It was a platform that allowed us to build an extra application within our core competency.

Please ask further questions if you feel this was not a satisfactory answer. I am not being facetious. Quality questions like this help everyone on this thread.
It was actually pretty good answer and I am satisfied with your explanation.

I was wondering about something else - you are obviously gambling platform. And you are building ICO around it.
Have you heard opinions that your ICO may be not good because it is affiliated with gambling industry, hence will be probably used only by gamblers - effectively limiting customer range?
Some people have trouble deciding whether "gambling coin" is good or bad idea. Maybe you will find you niche?
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November 03, 2016, 12:53:30 AM
 #118

So looking a bit deeper into this, it seems even more concerning. My understanding is that the player will need to trust

* random.org
* cloudflare
* oraclize

As the code doesn't appear to be using random.org's sequences (?), so there's no way to check how many times random.org was asked for random numbers. It just checks that random.org gave a result. It can give any result it wants, and there's no guarantees (unlike a provably fair scheme). But worse, is this means oraclize can ask it as many times as it wants. But the TLS layer is done by cloudflare, so you also need to trust them (they can change the result if they want). There's probably no problem trusting all 3 (?!) parties, but the problem I see is if one of them cheats, it's 100% undetectable.

Now contrast this to going to a bitcoin gambling site, say PrimeDice:

* I deposit money
* I play using a proper dedicated interface, and have instant bets
* I check my results
* I withdraw


So in the vdice case, I'm trusting 3 parties who can cheat me (?) but if they do, I'll never know. And they know I'll never know.  Now contrast to PrimeDice, which you do need to trust with the amount you deposit, whoever it's impossible for them to undetectable cheat you. This provides extra incentive for them to be honest.


Anyway, I'm sure i'm missing something as AFAICT it's strictly a step down from current bitcoin gambling?   (Disclaimer: I'm very unfamiliar with ethereum and greatly dislike it, so my reading of the contract is likely totally mistaken)

vdice_io
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November 03, 2016, 07:59:55 AM
 #119

We started life as Bitcoiners back in 2011 (those annoying types who get obsessed with it).

We did this on Ethereum 'cause it was so utterly interesting and available.
If we can do it on rootstock with Bitcoin, then why not. We'll have to dive into the Rootstock code.

But we still think Ethereum has a very, very bright future.
We're more convinced of that now, as we build with it more.
So you started with Bitcoin and as soon something technically better (at that time) with more possibilities (DAPPS, smart contracts) showed up you switched over.
Will you guarantee that in the future when  we possibly may see even more advanced altcoin with better, futuristic solutions implemented you won't ditch your current project and switch again?
I mean current ETH blockchain has some limitations as well.

It's a fair question. Though the facts / assumptions are not technically correct.

We are blockchain nerds. We maintain successful applications for Bitcoin at the moment too.
We've even written applications for Dogecoin that are very successful for that space, on an ongoing basis.

These are all betting / gambling applications. So we stick to a core competency.
As we believe it is wrong to spread yourself too thin. Then nothing gets achieved. That's a core philosophy for us.

So, we don't "ditch" anything. These are ongoing projects that are going well, in a commercial setting.

We have a good core team of developers, some of the best. We have guys even on the original Ethereum founding team.
We also have an extended team of sub-contracted security experts, and developers.

After the crowdsale, with funds, that team will be increased over time, at a manageable pace.

We realise we live and breathe by the developer talent we attract and keep. We consider ourselves very good at that.
It's probably the most important thing. This space has a limited amount of real talent, for how fast the technology is growing.

That will change over an extended period. But it takes time for real talent to re-tool and re-adapt to working with this new technology.

So, it was never a matter of just switching over to Ethereum. It was a platform that allowed us to build an extra application within our core competency.

Please ask further questions if you feel this was not a satisfactory answer. I am not being facetious. Quality questions like this help everyone on this thread.
It was actually pretty good answer and I am satisfied with your explanation.

I was wondering about something else - you are obviously gambling platform. And you are building ICO around it.
Have you heard opinions that your ICO may be not good because it is affiliated with gambling industry, hence will be probably used only by gamblers - effectively limiting customer range?
Some people have trouble deciding whether "gambling coin" is good or bad idea. Maybe you will find you niche?


The response has been really positive. Most people seem to recongnize:

1). Gambling and blockchains go really well together, and make profit.

2). That despite all the hype around blockchain applications, gambling is already profitable and commercial.

So, that's been great to see.
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November 03, 2016, 08:06:57 AM
 #120

So looking a bit deeper into this, it seems even more concerning. My understanding is that the player will need to trust

* random.org
* cloudflare
* oraclize

As the code doesn't appear to be using random.org's sequences (?), so there's no way to check how many times random.org was asked for random numbers. It just checks that random.org gave a result. It can give any result it wants, and there's no guarantees (unlike a provably fair scheme). But worse, is this means oraclize can ask it as many times as it wants. But the TLS layer is done by cloudflare, so you also need to trust them (they can change the result if they want). There's probably no problem trusting all 3 (?!) parties, but the problem I see is if one of them cheats, it's 100% undetectable.

Now contrast this to going to a bitcoin gambling site, say PrimeDice:

* I deposit money
* I play using a proper dedicated interface, and have instant bets
* I check my results
* I withdraw


So in the vdice case, I'm trusting 3 parties who can cheat me (?) but if they do, I'll never know. And they know I'll never know.  Now contrast to PrimeDice, which you do need to trust with the amount you deposit, whoever it's impossible for them to undetectable cheat you. This provides extra incentive for them to be honest.


Anyway, I'm sure i'm missing something as AFAICT it's strictly a step down from current bitcoin gambling?   (Disclaimer: I'm very unfamiliar with ethereum and greatly dislike it, so my reading of the contract is likely totally mistaken)

I don't understand. You're saying you trust centralized more than decentralized  Huh

We respectfully disagree. That's why we love blockchain.
That's why we made the world's 1st FULLY decentralized gambling platform.

There are technical arguments we both can make.
But I think people in Bitcoin forum understand why decentralization is important.
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