Casinobit - LIVE ROULETTE - [INVEST] - BEST CASINO OF 2013

[mwarrior]

All kinds of people loose money to scammers.. greedy or not.  Everyone has but 1 interest in bitcoin.  That's that.  This guy or group of guys just makes the whole thing look bad from wherever one stands.

[1714221467]

1714221467

[1714221467]

1714221467

[FloridaBear]

Interesting:

Summary - CasinoBit   Picture/Text
Name:   CasinoBit
Posts:   939
Activity:   266
Position:   Sr. Member
Date Registered:   November 23, 2012, 02:23:50 PM
Last Active:   January 03, 2014, 02:04:39 PM

So, last activity was Jan. 3, but of course no posts...

[pedrog]

Interesting:

Summary - CasinoBit   Picture/Text
Name:   CasinoBit
Posts:   939
Activity:   266
Position:   Sr. Member
Date Registered:   November 23, 2012, 02:23:50 PM
Last Active:   January 03, 2014, 02:04:39 PM

So, last activity was Jan. 3, but of course no posts...

Name:   madmadmax
Posts:   491
Activity:   491
Position:   Hero Member
Date Registered:   19 August 2011, 20:28:26
Last Active:   Today at 16:17:41

https://bitcointalk.org/index.php?action=profile;u=39112

This is the guy who operated CasinoBit.

[Badonkadonk]

let the witch hunt begin!

[eroxors]

My 5% stake is still for sale. I will take the best offer, whatever it might be as long as it's worth my time to print, revise, scan and e-mail the new contract. One buyer has reneged, another is not communicating any more.

I would really like to get this off of my plate. Any/all offers considered.

Offer .00000001 BTC, pm if your interested.

[001sonkit]

Hey look
https://bitcointalk.org/index.php?topic=411750.0

[BTC-TK]

Hey look
https://bitcointalk.org/index.php?topic=411750.0

I don't understand why you would try to ruin our name only because our tables look remotely the same, we were inspired by many casinos 

[bit777]

Hey look
https://bitcointalk.org/index.php?topic=411750.0

I don't understand why you would try to ruin our name only because our tables look remotely the same, we were inspired by many casinos  

You also use the word "mavericks". So far I've only heard one other person to use it. Not that it means anything though, could be a coincidence.

[BTC-TK]

Hey look
https://bitcointalk.org/index.php?topic=411750.0

I don't understand why you would try to ruin our name only because our tables look remotely the same, we were inspired by many casinos  

You also use the word "mavericks". So far I've only heard one other person to use it. Not that it means anything though, could be a coincidence.

Lol, where did the guy use it? I'll edit it out because God forbid we use the same word...

[eroxors]

ATTN: Anyone who has not been paid out from won bets

Please PM me your e-mail address if you are interested in the identity and contact information of the admin.

Thanks.

[FloridaBear]

Investment is growing fast. Could be a well orchestrated attack to scare investors or people are really dumb.

umm, what? Really have no idea what site you're referring to...

[CasinoBit]

Sorry that I have been gone for so long everyone.

I wanted to apologize for the losses that my customers have endured, I know it doesn't make it right but I was 18 at the time and grossly mismanaged my business. It sure gave me a lot of experience and after witnessing the epic fails of Mt. Gox and other manchildren-run businesses I feel as if I was wiser as a teenager than Karpeles, Kluge and a couple of other honorable mentions of businessmen gambling with the investments such as Klye and so on.

I might have grossly mismanaged my business but I never lied about the risks associated with investing in my casino, nor did I lie about having any experience which I did not or any profit which you couldn't have potentially made.

I was always taught that a true apology must start with a confession and the person apologizing taking responsibility. So what happened in Casinobit exactly was that the investment calculation script was introduced to a live website instead of testing it first on testnet like many casinos do, a small bug was present in the calculation of the stake which resulted in a minuscule difference between the amount invested and divested. Dishonest members have quickly found this problem and exploited it by repeatedly divesting and investing so their sum of BTC grew unevenly, once ~100BTC was lost (1/3 of the investment as I recall at the top of my head) the bug was quickly fixed by me. Aggressive measures of damage control have taken place with me attempting to keep the flow of income from the casino by discouraging other members from divesting (since no additional BTC was being lost) to ultimately make all the investors whole.

I take full responsibility for introducing the investment bug into the casino, it was extremely foolish, very unprofessional and juvenile. No responsible businessman would do that to a functioning, live casino without testing it a million times over first.

Ultimately I haven't made a single bitcent from that casino and in fact lost some of my own Bitcoins to investors as well as months of my time. I am quite flattered that people seem to think that I ran off with 80,000$, I would probably be on a yacht somewhere in Thailand if this was true. I ask all members that withdrew to be honest and admit that they have the BTC instead of blaming me for stealing the whole sum.

Also to clear things up a bit I am not in any sort of legal/civil trouble despite the fact that multiple criminal cases have been opened against me in a couple of countries for running an illegal casino due to the reports of my customers.

My main motive for coming forward today is that I don't want to be associated with the fat pigs that live in skyskrapers in Tokyo while holding million dollar debts to our dear community which I very much care about.

Your humble servant, Max.

[tonino]

hmmmmmm somehow I dont believe You 

but lets say it is true, what do You want to get out of it? are You going to open a new one soon?

[CasinoBit]

hmmmmmm somehow I dont believe You 

but lets say it is true, what do You want to get out of it? are You going to open a new one soon?

Nah, I don't want to open a new one currently, I've moved onto better more exciting things

[FloridaBear]

Interesting that you decided to make an appearance. I'm sorry, but I am unable to accept your apology. You see, I believe you willingly kept the site running after the invest bug was discovered, to try and make back some of the lost BTC. You were told by multiple customers that some winning bets were not paying out, but still left the site running with that knowledge in an attempt to collect more BTC. To my knowledge, no unpaid winning bets were ever paid, despite your assurances to the contrary. I'm still owed well over 2 BTC in unpaid winning bets.

This is a far different issue than introducing buggy investment code. It shows willful scamming, and you forever have lost my trust and respect.

[CasinoBit]

Interesting that you decided to make an appearance. I'm sorry, but I am unable to accept your apology. You see, I believe you willingly kept the site running after the invest bug was discovered, to try and make back some of the lost BTC. You were told by multiple customers that some winning bets were not paying out, but still left the site running with that knowledge in an attempt to collect more BTC. To my knowledge, no unpaid winning bets were ever paid, despite your assurances to the contrary. I'm still owed well over 2 BTC in unpaid winning bets.

This is a far different issue than introducing buggy investment code. It shows willful scamming, and you forever have lost my trust and respect.

I do understand that my apology isn't even worth 0.1BTC but it's better than nothing I guess.

Yes I did take aggressive measures of damage control and kept the site running in the deficit after fixing the investment bug, all would be well and everyone would be paid out if the business had kept running and generating profit, once everyone withdrew it was no longer possible to run the business.

I have paid out many unpaid bets personally, I have paid a couple since the business has crashed as well as I recall.

In any case I am sorry for your 2 BTC, it was my fault and mismanagement on my part, I am a lot wiser now.

[dooglus]

I've moved onto better more exciting things

In any case I am sorry for your 2 BTC, it was my fault and mismanagement on my part, I am a lot wiser now.

Do the better, exciting things generate enough income to allow you to start to repay the victims of your previous negligence?

[CasinoBit]

I've moved onto better more exciting things

In any case I am sorry for your 2 BTC, it was my fault and mismanagement on my part, I am a lot wiser now.

Do the better, exciting things generate enough income to allow you to start to repay the victims of your previous negligence?

After following the community and seeing people fail and fall in debt in their mid 30's while being married and in a relatively stable financial situations, then unable to repay their debt to their customers and filing for bankruptcy. Would common sense dictate that a 21 year old would have 250k USD spare?

In any case I would ask you and your sockpoppet entourage to depart from this thread.

[CasinoBit]

WTF In the above post you where 18 now 21?

I wanted to apologize for the losses that my customers have endured, I know it doesn't make it right but I was 18 at the time and grossly mismanaged my business. It sure gave me a lot of experience and after witnessing the epic fails of Mt. Gox and other manchildren-run businesses I feel as if I was wiser as a teenager than Karpeles, Kluge and a couple of other honorable mentions of businessmen gambling with the investments such as Klye and so on.

The thread started April 09, 2013, 06:36:08 AM

The casino was started when I was 18 and crashed when I was 19 if I recall correctly, although it did crash just a couple of months into 19. Thanks for missing the whole point of the thread.

[tonino]

I've moved onto better more exciting things

In any case I am sorry for your 2 BTC, it was my fault and mismanagement on my part, I am a lot wiser now.

Do the better, exciting things generate enough income to allow you to start to repay the victims of your previous negligence?

After following the community and seeing people fail and fall in debt in their mid 30's while being married and in a relatively stable financial situations, then unable to repay their debt to their customers and filing for bankruptcy. Would common sense dictate that a 21 year old would have 250k USD spare?

In any case I would ask you and your sockpoppet entourage to depart from this thread.

it looks like You will never learn how to behave. You behaved like a POS and You didnt changed