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

[dooglus]

did any investor had a chance to withdraw his money?

do You want to say that if the casino owner would pay out the investors that it would be a good business for the owner?

As I understand it, lots of early investors were able to withdraw much more than they deposited, yes.

I don't understand your second question.  It's not good business to mess up the calculations and allow people to withdraw other people's coins, but that should be obvious.  As to whether it's in his best interest now to try to make up the coins that may be lost, I guess that depends on a whole bunch of things.  Like how much trouble it would cause not to pay them back, how likely he is to be caught, how much he owes, and how much he can expect to make from the site if it ever starts running properly again.

[1714099912]

1714099912

[1714099912]

1714099912

[geofflosophy]

did any investor had a chance to withdraw his money?

do You want to say that if the casino owner would pay out the investors that it would be a good business for the owner?

As I understand it, lots of early investors were able to withdraw much more than they deposited, yes.

I don't understand your second question.  It's not good business to mess up the calculations and allow people to withdraw other people's coins, but that should be obvious.  As to whether it's in his best interest now to try to make up the coins that may be lost, I guess that depends on a whole bunch of things.  Like how much trouble it would cause not to pay them back, how likely he is to be caught, how much he owes, and how much he can expect to make from the site if it ever starts running properly again.

I can confirm that I have withdrawn a profit of 3.87 BTC and have another 5.57 BTC still stuck in there of house money. I sent in 3 which grew to 6.11, which I withdrew. Then I sent back another three, which grew to 6.76, of which I withdrew 3.76. The remaining 3 has since grown to 5.57.

[elm]

did any investor had a chance to withdraw his money?

do You want to say that if the casino owner would pay out the investors that it would be a good business for the owner?

As I understand it, lots of early investors were able to withdraw much more than they deposited, yes.

I don't understand your second question.  It's not good business to mess up the calculations and allow people to withdraw other people's coins, but that should be obvious.  As to whether it's in his best interest now to try to make up the coins that may be lost, I guess that depends on a whole bunch of things.  Like how much trouble it would cause not to pay them back, how likely he is to be caught, how much he owes, and how much he can expect to make from the site if it ever starts running properly again.

I can confirm that I have withdrawn a profit of 3.87 BTC and have another 5.57 BTC still stuck in there of house money. I sent in 3 which grew to 6.11, which I withdrew. Then I sent back another three, which grew to 6.76, of which I withdrew 3.76. The remaining 3 has since grown to 5.57.

@geofflosophy

thank You for giving us some insight. so lets say You are for real (please dont kill me).

so You could withdraw BTC 6.87 and left BTC 3 on casinobit. I would say not bad, You are still 3.87 ahead = more than 100%,  but could You tell us the timeframe when did You give him the 1st investment?

now the next question would be if he paid you because it is a ponzi or he really had the net income to pay You and maybe also other investors?
in case of ponzi that would be 
in case of net income that would great. in this case I would propose to You and all other investors who still didnt get paid by casinobit, to take over the casino and run it.  I would be the first investor then

[bit777]

did any investor had a chance to withdraw his money?

do You want to say that if the casino owner would pay out the investors that it would be a good business for the owner?

As I understand it, lots of early investors were able to withdraw much more than they deposited, yes.

I don't understand your second question.  It's not good business to mess up the calculations and allow people to withdraw other people's coins, but that should be obvious.  As to whether it's in his best interest now to try to make up the coins that may be lost, I guess that depends on a whole bunch of things.  Like how much trouble it would cause not to pay them back, how likely he is to be caught, how much he owes, and how much he can expect to make from the site if it ever starts running properly again.

I can confirm that I have withdrawn a profit of 3.87 BTC and have another 5.57 BTC still stuck in there of house money. I sent in 3 which grew to 6.11, which I withdrew. Then I sent back another three, which grew to 6.76, of which I withdrew 3.76. The remaining 3 has since grown to 5.57.

@geofflosophy

thank You for giving us some insight. so lets say You are for real (please dont kill me).

so You could withdraw BTC 6.87 and left BTC 3 on casinobit. I would say not bad, You are still 3.87 ahead = more than 100%,  but could You tell us the timeframe when did You give him the 1st investment?

now the next question would be if he paid you because it is a ponzi or he really had the net income to pay You and maybe also other investors?
in case of ponzi that would be 
in case of net income that would great. in this case I would propose to You and all other investors who still didnt get paid by casinobit, to take over the casino and run it.  I would be the first investor then

He most likely was able to withdraw the btc of newer investors due to the flaw 001sonkit exposed in the very beginning.

[geofflosophy]

did any investor had a chance to withdraw his money?

do You want to say that if the casino owner would pay out the investors that it would be a good business for the owner?

As I understand it, lots of early investors were able to withdraw much more than they deposited, yes.

I don't understand your second question.  It's not good business to mess up the calculations and allow people to withdraw other people's coins, but that should be obvious.  As to whether it's in his best interest now to try to make up the coins that may be lost, I guess that depends on a whole bunch of things.  Like how much trouble it would cause not to pay them back, how likely he is to be caught, how much he owes, and how much he can expect to make from the site if it ever starts running properly again.

I can confirm that I have withdrawn a profit of 3.87 BTC and have another 5.57 BTC still stuck in there of house money. I sent in 3 which grew to 6.11, which I withdrew. Then I sent back another three, which grew to 6.76, of which I withdrew 3.76. The remaining 3 has since grown to 5.57.

@geofflosophy

thank You for giving us some insight. so lets say You are for real (please dont kill me).

so You could withdraw BTC 6.87 and left BTC 3 on casinobit. I would say not bad, You are still 3.87 ahead = more than 100%,  but could You tell us the timeframe when did You give him the 1st investment?

now the next question would be if he paid you because it is a ponzi or he really had the net income to pay You and maybe also other investors?
in case of ponzi that would be 
in case of net income that would great. in this case I would propose to You and all other investors who still didnt get paid by casinobit, to take over the casino and run it.  I would be the first investor then

I posted all four blockchain transactions somewhere earlier, either in this thread or I think more likely in the "How to double your BTC in a week" thread. The first time I withdrew it had to be processed manually by him, he claimed their hotwallet was exhausted. The second time I was able to do it automatically. A lot of people had a similar experience which is why the bankroll is left empty and unable to pay, I think that's a fair assumption to work with until proven otherwise.

[mwarrior]

I call this piece "Robbed"

[g83]

Invested Bitcoins back up to over 300 BTC ? Is there seriously someone still investing more ?

[01BTC10]

Invested Bitcoins back up to over 300 BTC ? Is there seriously someone still investing more ?

I guess they divest their paper bitcoins, gamble some papers bitcoin and then reinvest paper bitcoins.

Lots of fun!

[01BTC10]

I call this piece "Robbed"

Together we own 50% of the bankroll.

[01BTC10]

I call this piece "Robbed"

Together we own 50% of the bankroll.

So you are a third of the bankroll and have not beaten this guy over the head yet?

I withdrew my initial investment + 50% and I don't beat people.

[Rampion]

I call this piece "Robbed"

Together we own 50% of the bankroll.

So you are a third of the bankroll and have not beaten this guy over the head yet?

I withdrew my initial investment + 50% and I don't beat people.

So you had a huge profit from this scam (you withdrew investment + 50% profit).

You do realize that the "best casino of 2013" owes you nothing, and in fact you cashed in the coins that were scammed from some random poor guy who invested, right?

I'd say this is the endgame, folks. The OP is posting in this thread and keeping the site up in the hope more gullible fools send their hard earned money to him.

Just accept the coins are gone for good and move on, folks.

[01BTC10]

I call this piece "Robbed"

Together we own 50% of the bankroll.

So you are a third of the bankroll and have not beaten this guy over the head yet?

I withdrew my initial investment + 50% and I don't beat people.

So you had a huge profit from this scam (you withdrew investment + 50% profit).

You do realize that the "best casino of 2013" owes you nothing, and in fact you cashed in the coins that were scammed from some random poor guy who invested, right?

I'd say this is the endgame, folks. The OP is posting in this thread and keeping the site up in the hope more gullible fools send their hard earned money to him.

Just accept the coins are gone for good and move on, folks.

I took the same risk as everyone else, I could also have lost. If the Casino owes me something, I will let Casinobit sort this out by himself. Finaly, I don't see 20BTC as a "huge" profit for taking all the risk of being an early investor and compared to potential profit lost.

[geofflosophy]

I took the same risk as everyone else, I could also have lost. If the Casino owes me something, I will let Casinobit sort this out by himself. Finaly, I don't see 20BTC as a "huge" profit for taking all the risk of being an early investor and compared to potential profit lost.

That's some lucky freerolling.

[Rampion]

I call this piece "Robbed"

Together we own 50% of the bankroll.

So you are a third of the bankroll and have not beaten this guy over the head yet?

I withdrew my initial investment + 50% and I don't beat people.

So you had a huge profit from this scam (you withdrew investment + 50% profit).

You do realize that the "best casino of 2013" owes you nothing, and in fact you cashed in the coins that were scammed from some random poor guy who invested, right?

I'd say this is the endgame, folks. The OP is posting in this thread and keeping the site up in the hope more gullible fools send their hard earned money to him.

Just accept the coins are gone for good and move on, folks.

I took the same risk as everyone else, I could also have lost. If the Casino owes me something, I will let Casinobit sort this out by himself. Finaly, I don't see 20BTC as a "huge" profit for taking all the risk of being an early investor and compared to potential profit lost.

50% profit in just a few weeks = HUGE profit even in BTC's wild west, lets leave alone the "real word".

This was clearly a Ponzi-like scheme, and your profit came directly from the investment of some poor folk who lost his coins for good.

I guess you acknowledge you have been one of the few lucky guys who actually profited from the scam, therefore it strikes me that you keep asking for more money. I guess you participated in the Ponzi unwillingly, in your shoes I would try to find out if there's any way to know who lost his coins to give back the BTC that ended up in your pocket. I hope there is not a certain way, but asking for more is a bit too much, isn't it?

The point is there's no way a Casino can give that kind of huge and fast ROI with a legitimate business model (i.e. House edge), the coins you cashed in were willingly or unwillingly stolen from others people pockets.

[01BTC10]

Now you made me cry.

[Rampion]

Now you made me cry.

That's how Ponzi schemes work, didn't you know? The "early investors" profit by stealing "late investors" money. I assume you did it unwillingly, but the fact is that's how the story ended up. You had a big and fast profit you couldn't have had achieved if this was not a Ponzi. You have been lucky. Why asking for more? What's the point? Don't you understand that you already got out 150% of  your investment when the house edge would have allowed you to earn just a tiny fraction of that? The coins in your balance you can't withdraw now are not even *yours*, they belong to someone else.

[CasinoBit]

Now you made me cry.

That's how Ponzi schemes work, didn't you know? The "early investors" profit by stealing "late investors" money. I assume you did it unwillingly, but the fact is that's how the story ended up. You had a big and fast profit you couldn't have had achieved if this was not a Ponzi. You have been lucky. Why asking for more? What's the point? Don't you understand that you already got out 150% of  your investment when the house edge would have allowed you to earn just a tiny fraction of that? The coins in your balance you can't withdraw now are not even *yours*, they belong to someone else.

How does big profits = ponzi? What if the house receives 10,000BTC every hour with a 2.7% house edge and there is *only* 1BTC invested?

It is 01BTC10's right to send payments to whoever he pleases I guess, but they will receive their payment twice in the end.

[01BTC10]

I won't send anything to anyone. Rules were fair for all investors and I've been saying since the beginning to not invest more than you can afford to lose. Anyway, I can't figure who lost how much so even if I wanted I can't split those profit equally between investors.

[Rampion]

Now you made me cry.

That's how Ponzi schemes work, didn't you know? The "early investors" profit by stealing "late investors" money. I assume you did it unwillingly, but the fact is that's how the story ended up. You had a big and fast profit you couldn't have had achieved if this was not a Ponzi. You have been lucky. Why asking for more? What's the point? Don't you understand that you already got out 150% of  your investment when the house edge would have allowed you to earn just a tiny fraction of that? The coins in your balance you can't withdraw now are not even *yours*, they belong to someone else.

How does big profits = ponzi? What if the house receives 10,000BTC every hour with a 2.7% house edge and there is *only* 1BTC invested?

It is 01BTC10's right to send payments to whoever he pleases I guess, but they will receive their payment twice in the end.

What are you rambling about? You mean that somebody will bet 10,000BTC against your ridiculous 1BTC bankroll?

You keep spitting BS regarding how you will gonna end up paying. Cut the shit and confess. If you really fucked up unwittingly, man up and tell us what didn't work for "the best casino of 2013" to became a Ponzi scheme. Explain us where is the problem, how did you solve it, and what's your plan in order to refund scammed people.

Oh... You can't say shit because you fixed nothing. New investors cannot withdraw neither.

[CasinoBit]

What are you rambling about? You mean that somebody will bet 10,000BTC against your ridiculous 1BTC bankroll?

You keep spitting BS regarding how you will gonna end up paying. Cut the shit and confess. If you really fucked up unwittingly, man up and tell us what didn't work for "the best casino of 2013" to became a Ponzi scheme. Explain us where is the problem, how did you solve it, and what's your plan in order to refund scammed people.

Oh... You can't say shit because you fixed nothing. New investors cannot withdraw neither.

Please rephrase without swearing and I will address your points.

Have a hug so you won't be so angry all the time!

We are working on repaying the investors.