Hacked[dot]com reports on the world's 1st Fully Decentralized Gambling Platform

[irfan_pak10]

can you quote that part?, because i also couldnt able to find that part.

Sorry, I was referring to 

Around 50-60% of ALL Bitcoin transactions are gambling.

That vDice responded to with:

Where do you get all your figures from. All these figures are just wrong.

It's true, the figure is wrong.  But it's from their own business plan.
I can't find any clear evaluation of their value in their business plan.

Huh? You're the one citing figures:

(Around 50-60% of ALL Bitcoin transactions are gambling).

 Extraordinary claims require extraordinary evidence. But I can tell you, as someone who's been in the bitcoin gambling industry a while now, and currently running one of the most popular sites -- that this is nonsense.

Guys if you want to troll then you are most welcome, but if you want to have some serious discussion then come with some proofs that you people are right.

I just google this and found is right here: http://www.pbs.org/newshour/updates/bitcoin-gambling-sites-fly-regulatory-radar/ Awrticle wriiten by BY SIMONE PATHE  March 2, 2014 at 12:18 PM EST (If you people have doubt you can ask them)

Bitcoin gambling has had a short, but explosive lifetime on the Internet. Satoshidice.com, the most widely-known gambling service, was founded in April 2012. In July 2013, the site’s founder, Erik Voorhees, sold it to an anonymous buyer for 126,315 bitcoins—equal to $12.4 million. That pile of Bitcoins is worth around $70 million today. By most estimates, more than half of global Bitcoin transactions are wagers on gambling sites. Just-Dice.com, where Mechs made his colossal bets, has handled more than $2 billion in wagers since it was founded in June 2013.

By most accounts, gambling represents between 50 and 60 percent of all Bitcoin transactions.

Here: http://www.bitcoincasino.org/gambling

There are estimates which indicate that roughly around 50-60% percent of all transactions using bitcoins fall into the gambling category, primarily because costs for Bitcoin transactions are exceptionally low or nonexistent, and payouts are performed instantly, anonymous and without any hassle.

And here: http://arstechnica.com/business/2013/08/firm-says-online-gambling-accounts-for-almost-half-of-all-bitcoin-transactions/

over 50 percent of all Bitcoin transactions in the month of June 2013.

Edit: Even more detailed on CoinDesk: http://www.coindesk.com/what-will-gambling-do-to-the-bitcoin-block-chain/

Those figures run until June this year, shortly before Erik Vorhees sold the firm and it stopped reporting. In May and June, overall transaction numbers on the bitcoin network ranged from around 50-60,000, occasionally dipping to 40, and sometimes peaking up to 70,000 at times, suggesting that SatoshiDice does indeed account for between a quarter and a half of transactions, and probably towards the higher end of that range.

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[AcoinL.L.C]

Why are you posting articles from 2013? The market is not similar to 2013 whatsoever. But please, keep telling me, Ryan, Bitdice and others that make up much of the very industry you are talking about that we are wrong.

Also: You are not getting real press, it was a sponsored story and you are trying to make it seem like you have genuine steam building up. For this, marking you with negative.

[AcoinL.L.C]

It looks like TechInAsia has picked up on the hacked piece.

Interest is growing in Asia for the decentralization of gambling.

https://www.techinasia.com/talk/blockchain-decentralizing-gambling



QUOTE FROM ARTICLE:

"How blockchain is decentralizing gambling:

Now there is a host of exciting new startups reimagining the gambling industry. They are decentralizing the entire structure and are building something truly new.

VDice is one example of such a startup. It is billed as the world’s first fully decentralized gambling platform. It went live this June and is already wildly popular amongst blockchain geeks. Using the Ethereum blockchain, they have leveraged Smart Contract technology and have created game codes that exist without a server. These games live on the Ethereum P2P network."

This was inspired from a piece in hacked.com it seems:

https://hacked.com/vdice-io-the-worlds-first-full-decentralized-gambling-platform-ethereum-or-blockchain-tech/

Quoting before you edit it.

Yes, it seems a sponsored story was inspired by another sponsored story you paid for.

[AcoinL.L.C]

can you quote that part?, because i also couldnt able to find that part.

Sorry, I was referring to 

Around 50-60% of ALL Bitcoin transactions are gambling.

That vDice responded to with:

Where do you get all your figures from. All these figures are just wrong.

It's true, the figure is wrong.  But it's from their own business plan.
I can't find any clear evaluation of their value in their business plan.

Huh? You're the one citing figures:

(Around 50-60% of ALL Bitcoin transactions are gambling).

 Extraordinary claims require extraordinary evidence. But I can tell you, as someone who's been in the bitcoin gambling industry a while now, and currently running one of the most popular sites -- that this is nonsense.

Guys if you want to troll then you are most welcome, but if you want to have some serious discussion then come with some proofs that you people are right.

I just google this and found is right here: http://www.pbs.org/newshour/updates/bitcoin-gambling-sites-fly-regulatory-radar/ Awrticle wriiten by BY SIMONE PATHE  March 2, 2014 at 12:18 PM EST (If you people have doubt you can ask them)

Bitcoin gambling has had a short, but explosive lifetime on the Internet. Satoshidice.com, the most widely-known gambling service, was founded in April 2012. In July 2013, the site’s founder, Erik Voorhees, sold it to an anonymous buyer for 126,315 bitcoins—equal to $12.4 million. That pile of Bitcoins is worth around $70 million today. By most estimates, more than half of global Bitcoin transactions are wagers on gambling sites. Just-Dice.com, where Mechs made his colossal bets, has handled more than $2 billion in wagers since it was founded in June 2013.

By most accounts, gambling represents between 50 and 60 percent of all Bitcoin transactions.

Here: http://www.bitcoincasino.org/gambling

There are estimates which indicate that roughly around 50-60% percent of all transactions using bitcoins fall into the gambling category, primarily because costs for Bitcoin transactions are exceptionally low or nonexistent, and payouts are performed instantly, anonymous and without any hassle.

And here: http://arstechnica.com/business/2013/08/firm-says-online-gambling-accounts-for-almost-half-of-all-bitcoin-transactions/

over 50 percent of all Bitcoin transactions in the month of June 2013.

Edit: Even more detailed on CoinDesk: http://www.coindesk.com/what-will-gambling-do-to-the-bitcoin-block-chain/

Those figures run until June this year, shortly before Erik Vorhees sold the firm and it stopped reporting. In May and June, overall transaction numbers on the bitcoin network ranged from around 50-60,000, occasionally dipping to 40, and sometimes peaking up to 70,000 at times, suggesting that SatoshiDice does indeed account for between a quarter and a half of transactions, and probably towards the higher end of that range.

Also going to quote this, since you said you just googled for information to support blanket statements you made.

[irfan_pak10]

Also going to quote this, since you said you just googled for information to support blanket statements you made.

I google these information for you people as proof, so you can see (Also im not the writer of any of these things nor the dev). I think they are just comparing the early days of bitcoin with the early days of ETH. And Satoshidice (in bitcoin) with the vDice (in Ether), that vDice can also do the same and can bring that much transaction of ETH.

[AcoinL.L.C]

Also going to quote this, since you said you just googled for information to support blanket statements you made.

I google these information for you people as proof, so you can see (Also im not the writer of any of these things nor the dev). I think they are just comparing the early days of bitcoin with the early days of ETH. And Satoshidice (in bitcoin) with the vDice (in Ether), that vDice can also do the same and can bring that much transaction of ETH.

You are clearly involved in this scam based on your post history (and especially this post). And you posted no proof, 3 year old data in this industry is worthless data.

[vdice_io]

Also going to quote this, since you said you just googled for information to support blanket statements you made.

I google these information for you people as proof, so you can see (Also im not the writer of any of these things nor the dev). I think they are just comparing the early days of bitcoin with the early days of ETH. And Satoshidice (in bitcoin) with the vDice (in Ether), that vDice can also do the same and can bring that much transaction of ETH.

You are clearly involved in this scam based on your post history (and especially this post). And you posted no proof, 3 year old data in this industry is worthless data.

Gee-whiz. Leave the guy alone.
Irfan is a great worker and a great contributor to this forum.

We even have testimonials from blockchain leaders on our site.
Because we have a great, original idea and great, live code.

And we are one of the leading, LIVE working Dapps on Ethereum.

Here is all the documentation:-

1) Game Code :
https://github.com/jamesgroton/vDice-Contract-Code  

2) vDice ICO Whitepaper (fully updated structure) :
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_ICO_Whitepaper_English.pdf  

3) The vDice Development Roadmap (Document) :
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_Development_Roadmap.pdf  

4) Game Code 3rd Party Audit:
https://blog.vdice.io/wp-content/uploads/2016/10/vdice_game_code_audit_october_2016.pdf

We have original team members from Ethereum.
And we work directly with some of the leaders in the blockchain, from other organisations.

This is such a shame.

We work so hard, every day, to provide a quality game and service. It is just sad to read post like this.

And also unsubstantiated attacks on good quality members of the community. So sad.

If you don't like our idea or implementation, fine. But come on...

[AcoinL.L.C]

Also going to quote this, since you said you just googled for information to support blanket statements you made.

I google these information for you people as proof, so you can see (Also im not the writer of any of these things nor the dev). I think they are just comparing the early days of bitcoin with the early days of ETH. And Satoshidice (in bitcoin) with the vDice (in Ether), that vDice can also do the same and can bring that much transaction of ETH.

You are clearly involved in this scam based on your post history (and especially this post). And you posted no proof, 3 year old data in this industry is worthless data.

Gee-whiz. Leave the guy alone.
Irfan is a great worker and a great contributor to this forum.

We even have testimonials from blockchain leaders on our site.
Because we have a great, original idea and great, live code.

And we are one of the leading, LIVE working Dapps on Ethereum.

Here is all the documentation:-

1) Game Code :
https://github.com/jamesgroton/vDice-Contract-Code  

2) vDice ICO Whitepaper (fully updated structure) :
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_ICO_Whitepaper_English.pdf  

3) The vDice Development Roadmap (Document) :
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_Development_Roadmap.pdf  

4) Game Code 3rd Party Audit:
https://blog.vdice.io/wp-content/uploads/2016/10/vdice_game_code_audit_october_2016.pdf

We have original team members from Ethereum.
And we work directly with some of the leaders in the blockchain, from other organisations.

This is such a shame.

We work so hard, every day, to provide a quality game and service. It is just sad to read post like this.

And also unsubstantiated attacks on good quality members of the community. So sad.

If you don't like our idea or implementation, fine. But come on...

Gee-whiz, stop trying to rip people off. This is not an original idea in the slightest. Code audits are also irrelevant. You are trying to raise money at a ridiculous valuation. You have absolutely zero traction. Maybe get some users first before trying to raise millions.

[vdice_io]

Also going to quote this, since you said you just googled for information to support blanket statements you made.

I google these information for you people as proof, so you can see (Also im not the writer of any of these things nor the dev). I think they are just comparing the early days of bitcoin with the early days of ETH. And Satoshidice (in bitcoin) with the vDice (in Ether), that vDice can also do the same and can bring that much transaction of ETH.

You are clearly involved in this scam based on your post history (and especially this post). And you posted no proof, 3 year old data in this industry is worthless data.

Gee-whiz. Leave the guy alone.
Irfan is a great worker and a great contributor to this forum.

We even have testimonials from blockchain leaders on our site.

Because we have a great, original idea and great, live code.

And we are one of the leading, LIVE working Dapps on Ethereum.

Here is all the documentation:-

1) Game Code :
https://github.com/jamesgroton/vDice-Contract-Code  

2) vDice ICO Whitepaper (fully updated structure) :
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_ICO_Whitepaper_English.pdf  

3) The vDice Development Roadmap (Document) :
https://blog.vdice.io/wp-content/uploads/2016/10/vDice_Development_Roadmap.pdf  

4) Game Code 3rd Party Audit:
https://blog.vdice.io/wp-content/uploads/2016/10/vdice_game_code_audit_october_2016.pdf

We have original team members from Ethereum.
And we work directly with some of the leaders in the blockchain, from other organisations.

This is such a shame.

We work so hard, every day, to provide a quality game and service. It is just sad to read post like this.

And also unsubstantiated attacks on good quality members of the community. So sad.

If you don't like our idea or implementation, fine. But come on...

Gee-whiz, stop trying to rip people off. This is not an original idea in the slightest. Code audits are also irrelevant. You are trying to raise money at a ridiculous valuation. You have absolutely zero traction. Maybe get some users first before trying to raise millions.

Your accusations are unfounded.
Your opinions are noted.

In terms of the game:

For the proof verification, most of our clients are good with the offchain-network-monitor, as it is opensource ( https://github.com/oraclize/offchain-network-monitor ) and already deployed for simplicity at http://app.oraclize.it/service/monitor

For a manual verification of single proofs, once you have downloaded them from IPFS and you have the file, this is a pagesigner proof fully compatible with browser extension

One thing to note is that the oracles.js file of the extension has to be replaced with ours (because in includes details of our notary servers)
You can find it here https://github.com/oraclize/offchain-network-monitor/blob/master/assets/js/oracles.js

The original pagesigner is there: https://github.com/tlsnotary/pagesigner/
It's a chrome extension, which anybody can install

Here more details: https://tlsnotary.org/pagesigner.html
Other details here: https://tlsnotary.org/audits.html

So, to recap…

For automatic checks of last proofs, you just go there: http://app.oraclize.it/service/monitor

For manual verification of single proofs: you have to checkout https://github.com/tlsnotary/pagesigner/
You replace this file https://github.com/tlsnotary/pagesigner/blob/master/content/oracles.js with https://github.com/oraclize/offchain-network-monitor/blob/master/assets/js/oracles.js

From chrome, you go to chrome://extensions/ , click on "load unpacked extension" and select the "pagesigner" folder you got at step "a"

Once the pagesigner extension is installed, you click on "import .pgsg file", you select the downloaded file proof and the extension verifies it

For the verification, that's all