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CasinoBit (OP)
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August 12, 2013, 01:16:48 AM |
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So we have just opened the investment section in our casino and you can now invest with 0% fees meaning that if you buy a 100% of the casino you will actually receive all the profit it generates.
Currently there haven't been that many people investing so it's an opportunity I'm throwing out there before it's gone.
*results differ
If you guys got any questions I am always here.
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Bitsky
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August 12, 2013, 05:37:49 PM |
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So you're telling me that there is no risk involved and I'll double my investment in a week?
If you agree on an escrow, I'll invest. If you pay me twice my investment in a week, the escrow can forward my coins to you.
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CasinoBit (OP)
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August 12, 2013, 10:22:46 PM |
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So you're telling me that there is no risk involved and I'll double my investment in a week?
If you agree on an escrow, I'll invest. If you pay me twice my investment in a week, the escrow can forward my coins to you.
This would defeat the purpose of you buying into the bankroll and would thus render me not owing you squat. If you do not want to buy in there are plenty of other people who are willing. |
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Kluge
Donator
Legendary
 Offline
Activity: 1218
Merit: 1015
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August 12, 2013, 11:32:45 PM |
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*results differ
I've been watching. So far, you've told potential investors there's no risk, some risk, they'll double their BTC in a week, but that results will differ. So... you will always profit in the long run despite any momentary negative balances because of our house edge.
you will get a great return on investment without taking any of the risks of lending to new members, managing collateral or buying into some shady securities.
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CasinoBit (OP)
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August 12, 2013, 11:37:06 PM |
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*results differ
I've been watching. So far, you've told potential investors there's no risk, some risk, they'll double their BTC in a week, but that results will differ. So... Where have I said that there is some risk? They certainly can double their BTC in a week if they invest early enough. |
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Kluge
Donator
Legendary
Offline
Activity: 1218
Merit: 1015
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August 13, 2013, 12:05:44 AM |
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*results differ
I've been watching. So far, you've told potential investors there's no risk, some risk, they'll double their BTC in a week, but that results will differ. So... Where have I said that there is some risk? They certainly can double their BTC in a week if they invest early enough. If the website is compromised (which is highly unlikely since we follow the highest standards of security) then you lose your investment, it obviously DOES have risks like any other investments out there so people need to be adults about this.
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CasinoBit (OP)
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August 13, 2013, 12:18:58 AM |
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*results differ
I've been watching. So far, you've told potential investors there's no risk, some risk, they'll double their BTC in a week, but that results will differ. So... Where have I said that there is some risk? They certainly can double their BTC in a week if they invest early enough. If the website is compromised (which is highly unlikely since we follow the highest standards of security) then you lose your investment, it obviously DOES have risks like any other investments out there so people need to be adults about this.
The investment itself is risk free, it is only a matter of time until you've doubled what you've invested, the only risk is (and that should be obvious to everyone) if the website is compromised. Thank you for your input and your support. You can email us at support@casinobit.net for any suggestions. |
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narayan
Member
Offline
Activity: 98
Merit: 10
I do not sell Bitcoins. I sell SHA256(SHA256()).
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August 13, 2013, 09:16:48 AM |
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The investment itself is risk free No investment is risk free. |
BTC: 1PiPooLvcEoBLuXBHbwUnN5rShs2nas223
LTC: LRq7YPMDoERSZcte9ZPNHQkUbfiPsY55VM
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vlees
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August 13, 2013, 11:34:57 AM |
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1. You cannot guarantuee that your site will 100% of the time make profit (also when I invest 1000 BTC, I don't think you can double them in a week).
2. It has risk, as pointed out in 1.
3. If the site gets hacked the investor loses his money? Wow. You should be liable for losing your investors money.
4. Wow, we can invest with 0% fee's. Oh wait, investing with anything else than 0% fee's makes no sense at all either. Why would I pay money to lend you money?
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BEEP BEP
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CasinoBit (OP)
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August 13, 2013, 11:55:02 AM |
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1. You cannot guarantuee that your site will 100% of the time make profit (also when I invest 1000 BTC, I don't think you can double them in a week).
2. It has risk, as pointed out in 1.
3. If the site gets hacked the investor loses his money? Wow. You should be liable for losing your investors money.
4. Wow, we can invest with 0% fee's. Oh wait, investing with anything else than 0% fee's makes no sense at all either. Why would I pay money to lend you money?
1. I cannot guaran tee that every investment will make profit within a given time frame, it will however make a profit in the long run and I can guarantee it because of the house edge. 2. The only risk is the website getting sabotaged, or rather you giving away your private key for which I am not liable, the website itself cannot get sabotaged. 3. First of all the site cannot get hacked, secondly if mt.gox "gets hacked" or any other website you wouldn't get anything back either, most websites simply cannot afford it, at least not before higher fees are there. 4.  , Just-dice charges what? 10%? and that's on their 1% house edge, here you get 0% on 2.7% house edge, it does make sense to charge you while you are making profit. |
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001sonkit
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August 13, 2013, 12:37:14 PM |
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what is the total of your last week total bets.
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GEMINI ACCOUNT REVIEW - Source of Funds Request
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CasinoBit (OP)
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August 13, 2013, 12:39:56 PM |
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what is the total of your last week total bets.
You can check in "History" at the top right corner, transparency is key. |
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001sonkit
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August 13, 2013, 12:46:52 PM |
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what is the total of your last week total bets.
You can check in "History" at the top right corner, transparency is key. okay, just one thing. the LIMIT of the query system is quite small. and the input would be better seperated by DATE | TIME , in which 24:00 would better showed as 0:00 And the SUM(amount) is not corresponed to the LIMIT data above |
GEMINI ACCOUNT REVIEW - Source of Funds Request
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CasinoBit (OP)
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August 13, 2013, 12:57:08 PM |
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what is the total of your last week total bets.
You can check in "History" at the top right corner, transparency is key. okay, just one thing. the LIMIT of the query system is quite small. and the input would be better seperated by DATE | TIME , in which 24:00 would better showed as 0:00 And the SUM(amount) is not corresponed to the LIMIT data above Bet amount: 1052.772 Won: 1061.222 |
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filharvey
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August 13, 2013, 01:36:38 PM |
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Lets see how this goes, put in a small amount to test with.
Phil
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Bitsky
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August 13, 2013, 05:09:39 PM |
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This would defeat the purpose of you buying into the bankroll and would thus render me not owing you squat.
The coins would be put into a safe place so I cannot scam you. I mean, you're promising an 100% per week interest, so you have to admit that people might rise an eyebrow. The investment itself is risk free, it is only a matter of time until you've doubled what you've invested, the only risk is (and that should be obvious to everyone) if the website is compromised. Thank you for your input and your support.
If your website gets hacked, it's your loss. Investors entrust you with their money so you are responsible for it. You cannot just walk away as if nothing happened if your site gets compromised. Imagine your bank gets robbed and the bank just deducts the stolen amount from your account. It has happened before: someone gets "hacked" and all coins are "gone". I'm not saying that's your plan or anything, just pointing it out. |
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CasinoBit (OP)
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August 13, 2013, 05:22:33 PM |
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This would defeat the purpose of you buying into the bankroll and would thus render me not owing you squat.
The coins would be put into a safe place so I cannot scam you. I mean, you're promising an 100% per week interest, so you have to admit that people might rise an eyebrow. The investment itself is risk free, it is only a matter of time until you've doubled what you've invested, the only risk is (and that should be obvious to everyone) if the website is compromised. Thank you for your input and your support.
If your website gets hacked, it's your loss. Investors entrust you with their money so you are responsible for it. You cannot just walk away as if nothing happened if your site gets compromised. Imagine your bank gets robbed and the bank just deducts the stolen amount from your account. It has happened before: someone gets "hacked" and all coins are "gone". I'm not saying that's your plan or anything, just pointing it out. Someone doesn't know how banks work, most western banks have a razor blade thin safety margin, if their investments plummet in worth you will be left with bits of useless information in their system, and no, your horribly indebted government will not bail them out, it is safe to assume that the same thing would happen if they got "hacked" or even robbed. I do not "promise" 100% per week interest, it certainly can happen if you invest the right amount at the right time but it isn't guaranteed, a whale could get lucky and win 36BTC 6 times in a row and push everyone into negative interest, it is however highly unlikely. If you cannot afford the minuscule, almost-non-existent risk of the website getting compromised then you are free not to invest, if you ask me the risk is worth the profit at this point. |
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ksteve96
Full Member
Offline
Activity: 624
Merit: 125
alcedoplatform.com
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August 14, 2013, 05:20:48 AM |
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Well, I invested a little  I tested this out on FF and IE, and on both, the buttons all move when clicked and I can't really tell if they are doing anything. Also, the wording under the buttons is cut off and moves when a button is clicked. With FF, I tried to withdraw on a second account (one I made for testing) and on FF it didn't seem to do anything, and in IE, some line moved and now it shows zero balance. I'll PM you about this with the account info. I forgot which address I entered for withdrawing. Tried it out with chrome, everything looks like it should. Placed a .01 bet after depositing, seems to work fine on chrome. I may try it out on an iPad later and report back (I dislike iThings so we'll see). So, in summary; -It looks like you have a couple CSS issues, for FF and IE at least. -I didn't see a confirmation of successful withdraw, just zeroed the balance. I think a confirmation would be nice, especially if people are waiting on their deposits to confirm. No biggie though. Everything looks pretty good otherwise, few smaller suggestions: a board on one side of the page showing last 20 bets and win/lose would be cool. I'd like to see what withdraw address I entered, and maybe even be able to change it. |
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CasinoBit (OP)
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August 14, 2013, 08:42:57 AM |
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Well, I invested a little I tested this out on FF and IE, and on both, the buttons all move when clicked and I can't really tell if they are doing anything. Also, the wording under the buttons is cut off and moves when a button is clicked. With FF, I tried to withdraw on a second account (one I made for testing) and on FF it didn't seem to do anything, and in IE, some line moved and now it shows zero balance. I'll PM you about this with the account info. I forgot which address I entered for withdrawing. Tried it out with chrome, everything looks like it should. Placed a .01 bet after depositing, seems to work fine on chrome. I may try it out on an iPad later and report back (I dislike iThings so we'll see). So, in summary; -It looks like you have a couple CSS issues, for FF and IE at least. -I didn't see a confirmation of successful withdraw, just zeroed the balance. I think a confirmation would be nice, especially if people are waiting on their deposits to confirm. No biggie though. Everything looks pretty good otherwise, few smaller suggestions: a board on one side of the page showing last 20 bets and win/lose would be cool. I'd like to see what withdraw address I entered, and maybe even be able to change it. Allowing users to change the withdrawal address or even displaying it is a serious security flaw so please don't forget which withdrawal address you have used. |
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filharvey
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August 14, 2013, 12:57:05 PM
Last edit: August 14, 2013, 02:23:19 PM by filharvey |
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K, works nicely. Put in about 1.5 BTC yesterday, and today withdrew 2.88. Not bad for about 20 hours.
The one thing I would have preferred is that I could enter a custom amount to withdraw.
Also when investing, would be nice to have the invest section of the page update automatically.
K, another issue. I withdrew mu funds and still after about 1.5 hours, it has 0 confirmations. Did it get sent out with out any fee applied? [edit] Yes it turned up, slow, but did turn up.
Phil
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