Hfleer
Sr. Member
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Activity: 448
Merit: 250
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August 18, 2013, 04:25:52 PM |
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For the people calling this a ponzi, I've been watching the bankroll since then, it just went down 300 coins or so, none of my balance was affected!
As far has I can see those accusations are nothing but a tiff between competitors, and some troll kid in the middle.
I know that we have to be extra skeptical when it comes to bitcoin related stuff, but Worth of Web, Alexa Ranking, c'mon, you guys know better than this.
They fixed it. Most likely your % of bankroll wasn't being recalculated with new investments, as that's how it said they kept track of your investment balance. |
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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pedrog
Legendary
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Activity: 2786
Merit: 1031
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August 18, 2013, 04:28:56 PM |
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For the people calling this a ponzi, I've been watching the bankroll since then, it just went down 300 coins or so, none of my balance was affected!
As far has I can see those accusations are nothing but a tiff between competitors, and some troll kid in the middle.
I know that we have to be extra skeptical when it comes to bitcoin related stuff, but Worth of Web, Alexa Ranking, c'mon, you guys know better than this.
They fixed it. Most likely your % of bankroll wasn't being recalculated with new investments, as that's how it said they kept track of your investment balance. % of bankroll was being recalculated, I was watching that too. |
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Hfleer
Sr. Member
Offline
Activity: 448
Merit: 250
Changing avatars is currently not possible.
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August 18, 2013, 04:33:23 PM |
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For the people calling this a ponzi, I've been watching the bankroll since then, it just went down 300 coins or so, none of my balance was affected!
As far has I can see those accusations are nothing but a tiff between competitors, and some troll kid in the middle.
I know that we have to be extra skeptical when it comes to bitcoin related stuff, but Worth of Web, Alexa Ranking, c'mon, you guys know better than this.
They fixed it. Most likely your % of bankroll wasn't being recalculated with new investments, as that's how it said they kept track of your investment balance. % of bankroll was being recalculated, I was watching that too. Watching it after they fixed the problem is kinda pointless. Take a look at the profit, it should be obvious it doesn't support the tripling and doubling of BTC that was occuring several days ago. |
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opusdigitus
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August 18, 2013, 04:49:56 PM |
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As an update to my previous post. I finally got my withdrawal. It took almost 6 hours for it to confirm since they did not attach a transaction fee, but it's safely in my wallet with 1 confirmation now.
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pedrog
Legendary
Offline
Activity: 2786
Merit: 1031
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August 18, 2013, 05:02:41 PM |
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Watching it after they fixed the problem is kinda pointless. Take a look at the profit, it should be obvious it doesn't support the tripling and doubling of BTC that was occuring several days ago.
Yes, that looked just to good to be true, but when that happened bankroll was less than 100 coins... I know admin was taking a risk because the most profitable bet would emptied bankroll and some more coins would be needed to pay the bet. The European roulette has a 2.7% house edge, that's much higher than dice type casinos, so, more profit for investors... |
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Hfleer
Sr. Member
Offline
Activity: 448
Merit: 250
Changing avatars is currently not possible.
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August 18, 2013, 05:27:56 PM |
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Watching it after they fixed the problem is kinda pointless. Take a look at the profit, it should be obvious it doesn't support the tripling and doubling of BTC that was occuring several days ago.
Yes, that looked just to good to be true, but when that happened bankroll was less than 100 coins... I know admin was taking a risk because the most profitable bet would emptied bankroll and some more coins would be needed to pay the bet. The European roulette has a 2.7% house edge, that's much higher than dice type casinos, so, more profit for investors... Yea the edge is better for investors, wagering is pretty low right now though. |
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viriat0
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August 19, 2013, 12:35:31 PM |
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watching
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g83
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August 19, 2013, 02:50:12 PM |
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I invested round about 5 BTC and doubled them over night - then invested 18 BTC more...
My whole investment was a little lower than 23 BTC and at the moment my bankroll is over 40 BTC.
Thats over 70% profit in 2 days !
However i want to withdraw 35 BTC to take a profit for sure and let 5 BTC work for a while but
the withdraw doesn't work for me. I wrote PM and gave my depositadress yesterday but till now
no payout.
I'll update this as soon as there is any news.
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DiamondCardz
Legendary
Offline
Activity: 1134
Merit: 1112
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August 19, 2013, 03:00:43 PM |
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I invested round about 5 BTC and doubled them over night - then invested 18 BTC more...
My whole investment was a little lower than 23 BTC and at the moment my bankroll is over 40 BTC.
Thats over 70% profit in 2 days !
However i want to withdraw 35 BTC to take a profit for sure and let 5 BTC work for a while but
the withdraw doesn't work for me. I wrote PM and gave my depositadress yesterday but till now
no payout.
I'll update this as soon as there is any news.
You might like it, but that's just further evidence that CB is a ponzi :S |
BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
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vlees
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August 19, 2013, 03:40:16 PM |
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I invested round about 5 BTC and doubled them over night - then invested 18 BTC more...
Why would you do that with all these warnings around the forum about this site? |
BEEP BEP
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pedrog
Legendary
Offline
Activity: 2786
Merit: 1031
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August 19, 2013, 04:51:23 PM |
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I invested round about 5 BTC and doubled them over night - then invested 18 BTC more...
My whole investment was a little lower than 23 BTC and at the moment my bankroll is over 40 BTC.
Thats over 70% profit in 2 days !
However i want to withdraw 35 BTC to take a profit for sure and let 5 BTC work for a while but
the withdraw doesn't work for me. I wrote PM and gave my depositadress yesterday but till now
no payout.
I'll update this as soon as there is any news.
Some server change apparently, there are a few problems with the website, some caused by a DDOS attack, probably ordered by the competition, there is some tiff among casino owners around here. Admin as paid as promised till now, hope continues that way. |
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CasinoBit (OP)
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August 19, 2013, 07:07:07 PM |
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We have moved to the new servers everyone, the website should experience virtually no downtime from now on, about 1 hour left until all the checks are performed and invest/login/bet features are turned on again.
We will then get to debunking ponzi claims by the competitors and assisting customers in withdrawals.
Thank you for your patience.
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01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
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August 19, 2013, 07:20:45 PM |
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claims by the competitors
Stop blaming stuff on "competitors". Your site is buggy and does not offer clear public stats. That's what the people want. I've received suspicious PM urging me to cashout while the website was on constant DDOS. I don't claim this is a ponzi or not but I noticed suspicious behaviour from some members that seem connected to another competitor that I will not name for now. The site is buggy but I didn't notice anything wrong and been monitoring the profit/loss change bet by bet. All my cashout have been processed quickly and support answered back to me within 1hour several time. |
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001sonkit
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August 19, 2013, 08:09:40 PM |
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claims by the competitors
Stop blaming stuff on "competitors". If you think that making a ponzi "claim" is done by you competitor, I am so sorry that I have nothing to compete with you. Neither am I losing coins on your site and want to destruct your business, frankly I've got quite some profit from you. What I am doing is just expose this stuff to every investors to your site that your algorithm (at the point you haven't modified). I am not much a free guy that have a lot of time to waste on stuff like this, I have bunches more of summer assignments to clear up. From the words of other investors now investing, it seems you have identified that new investments are not profit. With the current situation that your investment system have made a loss for you as you "overpaid" profit by determining new investment as profit, and without a clear invest and divest log in your system (anyway coins are not revertable :meh:). You should consider verivifing how many coins had every user have left on the server and how much coins you have in the wallet. Making sure that your future transaction go smooth. By the way I have knew a Chinese guy who have deposited 100BTC into your system, havent tossed into anywhere, just the balance. If he is not contacting you (a smart friend's not-so-smart friend, dont even know who he is), i guess you can make use of those coins temporarily to cover the loss perhaps. Your site is buggy.
Next time coding new stuff. Not only getting 25 confirmation from the network is important, consider confirming your logic and the final code 25 times before you release. |
GEMINI ACCOUNT REVIEW - Source of Funds Request
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CasinoBit (OP)
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August 19, 2013, 08:11:06 PM |
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claims by the competitors
Stop blaming stuff on "competitors". If you think that making a ponzi "claim" is done by you competitor, I am so sorry that I have nothing to compete with you. Neither am I losing coins on your site and want to destruct your business, frankly I've got quite some profit from you. What I am doing is just expose this stuff to every investors to your site that your algorithm (at the point you haven't modified). I am not much a free guy that have a lot of time to waste on stuff like this, I have bunches more of summer assignments to clear up. From the words of other investors now investing, it seems you have identified that new investments are not profit. With the current situation that your investment system have made a loss for you as you "overpaid" profit by determining new investment as profit, and without a clear invest and divest log in your system (anyway coins are not revertable :meh:). You should consider verivifing how many coins had every user have left on the server and how much coins you have in the wallet. Making sure that your future transaction go smooth. By the way I have knew a Chinese guy who have deposited 100BTC into your system, havent tossed into anywhere, just the balance. If he is not contacting you (a smart friend's not-so-smart friend, dont even know who he is), i guess you can make use of those coins temporarily to cover the loss perhaps. Your site is buggy.
Next time coding new stuff. Not only getting 25 confirmation from the network is important, consider confirming your logic and the final code 25 times before you release. Ohhh I already know this thus my claim of debunking your ponzi claims. So now you're claiming that the script was modified and we are no longer ponzi? Brilliant. I would suggest for you to verivify your claims before posting but I know you didn't on purpose. |
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001sonkit
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August 19, 2013, 08:14:30 PM
Last edit: August 19, 2013, 08:30:05 PM by 001sonkit |
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Ohhh I already know this thus my claim of debunking your ponzi claims.
All I can say is better late than never And my previous word doesnt only come with claims, it had prove  PS: your reading speed is quick PS2: I am single, I am under 18, I didnt affiliate with or take profit anyone to expose that the issue of your system. Just warning everyone. Now you have fixed it (Thou I didnt try your new "debugged" things) and congratulates EDIT 1: We will eventually know when there is a shortage of coins when more people divest |
GEMINI ACCOUNT REVIEW - Source of Funds Request
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001sonkit
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August 19, 2013, 08:31:11 PM |
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people do not change.
Any tipping jar? Love this line  :Free e-hugs prior: |
GEMINI ACCOUNT REVIEW - Source of Funds Request
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xkeyscore89
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August 19, 2013, 08:33:21 PM |
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Invest button still down.
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001sonkit
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August 19, 2013, 08:34:38 PM |
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Invest button still down.
Guess what! He is doing his 25 confirms... I mean debug or proof read. Give him some time |
GEMINI ACCOUNT REVIEW - Source of Funds Request
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xkeyscore89
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August 19, 2013, 08:42:45 PM |
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Invest button still down.
Guess what! He is doing his 25 confirms... I mean debug or proof read. Give him some time Yeah, I'm used to the 25 confirms, and I'm aware there is some maintenance happening, but what I meant to say was the Invest button doesn't drop down and show your investment when clicked. |
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