[IPO] Letsdice.com IPO Prospectus

[drawingthesun]

Ponzi would be proud about this. Over 6k BTC is quite the scam.

Around 4,000 to 5,000 of those coins belong to towtoad/nakowa/celeste/cici.

However it looks like he raised over 1,000 bitcoin from investors (unless he was making that up, and just a few people actually invested and he sent himself money)

EDIT: It's also somewhat likely the OP is in fact towtoad too. The OP is a business guy outsourcing the development, and towtoad is also a business/investor guy. But I am not certain that the two people are the same. (If so its a very elaborate IPO where towtoad is providing 95% of the money anyway. Why bother with this thread? Unless towtoad is not the OP) But yeah I am not sure.

[MPOE-PR]

It not that impressive, over 5k are his own coins he transferred from J-D alone.  Maybe he did manage to scam some but the idiots deserve to lose their coins for being stupid.

It's pretty much all his BTC.

It doesn't make me feel better.

Well somewhat I feel better about myself because I'm not going to create a scam like that to take so much easy money... but...

Because anyone can scam, scams have no barrier to entry. That means the competition is atrocious, which drives the margins down while increasing capital costs. That means they need more and more of their own BTC (seen above) for less and less income. This last attempt is characteristic, in that it took ~6k BTC from the "business" to generate < 100 BTC in "investment". Which isn't (at least usually) all gravy.

With an ounce of a clue he could have made more by being honest, which incidentally is always the case, it's just that scammers have little clue and little desire to learn, otherwise they'd be crowding -assets rather than falling over each other in 1500 page long threads about watching MtGox/Asicminer/whatever.

In a sense scamming is not much unlike Bitcoin mining, in that a desire to get something for nothing drives people into the unsustainable commoditization march. Soon enough we'll be having people offering the whole palette of scammer "services", from shill posting of "certified" quality to "Bitcoin verification services" where you pay some guy a Bitcoin to move 5000 of them from an address of his to another address of his and give you something signed with that latter as if it were yours. On second thought...we already have these, don't we.

[bobboooiie]

If we know this is nakowa/cici/celeste how is he not wearing scammer tag yet? He sure deserves one for what he did during his Justdice "era".

[horsea]

I invested... but no free coins.

[TheSwede75]

So how are things progressing the "50.000 BTC PhotoShop" IPO? 

[knowitnothing]

So how are things progressing the "50.000 BTC PhotoShop" IPO? 

Badly Photoshopped, btw (see my earlier notes on those)

[horsea]

So how are things progressing the "50.000 BTC PhotoShop" IPO? 

Did anyone call you a scam, and warn others NOT to invest your labcoin?

I DID invest labcoin, but SELL OUT all. You happy with this?

[Duffer1]

Reminder:

Is the website already in place? Can it be tested? For example with testnet bitcoins?

We are currently finishing up development and running internal tests using testnet coins. The public beta of our site will open on September 10th, at midnight UTC.

Wonder if there's a bitbet on this...

[nlive]

so crazy~~~~~~~~~~~

[towtoad]

so crazy~~~~~~~~~~~

It's a crazy world, right?

[pheaonix]

i am hiring a web developer. apparently even with a bad reputation you can amass a years worth of currency in a few days.

[Rampion]

Genius. The OP does not even understand probability and thus gambler's fallacy, and still he has the balls to create his own "dice" site, which he is running like a ponzi.

And people is investing in it, its really true that greed is so powerful that scammers will never run out of work. Never.

OP: you did not find any "hole". You are just playing Martingale with a big (thousands of coins) bankroll. If you play long enough, you will lose. That's it. And that's why some investors are begging you "to please go on playing".

Then, you are an untrustworthy scumbag. You are so dumb you think Martingale is a "hole", you indeed think you have found a vulnerability, and you are selling it for 111BTC (https://nakowa.herokuapp.com/). That's a scam of the lowest kind.

[mechs]

Genius. The OP does not even understand probability and thus gambler's fallacy, and still he has the balls to create his own "dice" site, which he is running like a ponzi.

And people is investing in it, its really true that greed is so powerful that scammers will never run out of work. Never.

OP: you did not find any "hole". You are just playing Martingale with a big (thousands of coins) bankroll. If you play long enough, you will lose. That's it. And that's why some investors are begging you "to please go on playing".

Then, you are an untrustworthy scumbag. You are so dumb you think Martingale is a "hole", you indeed think you have found a vulnerability, and you are selling it for 111BTC (https://nakowa.herokuapp.com/). That's a scam of the lowest kind.

Hard to get too upset with him though.  He is a known scumbag and thief.  This is a blatant scam.  Anyone who loses coins to him in this scam would have lost it elsewhere in another scam. 

[knowitnothing]

Code:

$ date -u
Tue Sep 10 00:20:19 UTC 2013

Is the beta available somewhere ?

[MPOE-PR]

Hard to get too upset with him though.  He is a known scumbag and thief.  This is a blatant scam.  Anyone who loses coins to him in this scam would have lost it elsewhere in another scam. 

Now that's a point.

i am hiring a web developer. apparently even with a bad reputation you can amass a years worth of currency in a few days.

Especially if this amassing consists of moving your own coins from an address to another.

[David Chen]

Genius. The OP does not even understand probability and thus gambler's fallacy, and still he has the balls to create his own "dice" site, which he is running like a ponzi.

And people is investing in it, its really true that greed is so powerful that scammers will never run out of work. Never.

OP: you did not find any "hole". You are just playing Martingale with a big (thousands of coins) bankroll. If you play long enough, you will lose. That's it. And that's why some investors are begging you "to please go on playing".

Then, you are an untrustworthy scumbag. You are so dumb you think Martingale is a "hole", you indeed think you have found a vulnerability, and you are selling it for 111BTC (https://nakowa.herokuapp.com/). That's a scam of the lowest kind.

Actually, nakowa is good at math, he understand gambler's fallacy. What he was trying to explain is there are do have risks for the site , but he found it's hard to explain clearly .

Also, he is reasonable and not actually a gambler. He said he was trying to never bet in the JD.

just let time speaks, we all actually misunderstand nakowa.

[Martin Gale]

Code:

$ date -u
Tue Sep 10 00:20:19 UTC 2013

Is the beta available somewhere ?

It's slightly delayed, it will be up within a few hours, though.

[Rampion]

Genius. The OP does not even understand probability and thus gambler's fallacy, and still he has the balls to create his own "dice" site, which he is running like a ponzi.

And people is investing in it, its really true that greed is so powerful that scammers will never run out of work. Never.

OP: you did not find any "hole". You are just playing Martingale with a big (thousands of coins) bankroll. If you play long enough, you will lose. That's it. And that's why some investors are begging you "to please go on playing".

Then, you are an untrustworthy scumbag. You are so dumb you think Martingale is a "hole", you indeed think you have found a vulnerability, and you are selling it for 111BTC (https://nakowa.herokuapp.com/). That's a scam of the lowest kind.

Actually, nakowa is good at math, he understand gambler's fallacy. What he was trying to explain is there are do have risks for the site , but he found it's hard to explain clearly .

Also, he is reasonable and not actually a gambler. He said he was trying to never bet in the JD.

just let time speaks, we all actually misunderstand nakowa.

So, let me gets this straight:

- he understands gambler's fallacy, but he plays Martingale and thinks he will never lose using that strategy, and thus j-d has a flaw.
- he is not "actually a gambler", but he has been gambling compulsively (multiple bets per minute - 50k BTC wagered!!!!), and he openly admitted he couldn't stop when he saw his "strategy" was a winner

Yeah - seems legit. He's definitely great a math and not a gambler at all.

[drawingthesun]

Genius. The OP does not even understand probability and thus gambler's fallacy, and still he has the balls to create his own "dice" site, which he is running like a ponzi.

And people is investing in it, its really true that greed is so powerful that scammers will never run out of work. Never.

OP: you did not find any "hole". You are just playing Martingale with a big (thousands of coins) bankroll. If you play long enough, you will lose. That's it. And that's why some investors are begging you "to please go on playing".

Then, you are an untrustworthy scumbag. You are so dumb you think Martingale is a "hole", you indeed think you have found a vulnerability, and you are selling it for 111BTC (https://nakowa.herokuapp.com/). That's a scam of the lowest kind.

Actually, nakowa is good at math, he understand gambler's fallacy. What he was trying to explain is there are do have risks for the site , but he found it's hard to explain clearly .

Also, he is reasonable and not actually a gambler. He said he was trying to never bet in the JD.

just let time speaks, we all actually misunderstand nakowa.

Yeah yeah ok Nakowa is not a gambler and is good at math.

Except he says a certain pattern of WLWLWLWL must be more popular, which is false. And he is a gambler because he wagered 50,000 bitcoin on Just-Dice. He even admitted to being addicted at one point and how its hard to stop. He even got dooglus to put a block on his accounts so he couldn't bet.

I have nothing against Nakowa but what you just said isn't even true, he admitted on chat that he was getting addicted, where is your facts coming from?

[towtoad]

Genius. The OP does not even understand probability and thus gambler's fallacy, and still he has the balls to create his own "dice" site, which he is running like a ponzi.

And people is investing in it, its really true that greed is so powerful that scammers will never run out of work. Never.

OP: you did not find any "hole". You are just playing Martingale with a big (thousands of coins) bankroll. If you play long enough, you will lose. That's it. And that's why some investors are begging you "to please go on playing".

Then, you are an untrustworthy scumbag. You are so dumb you think Martingale is a "hole", you indeed think you have found a vulnerability, and you are selling it for 111BTC (https://nakowa.herokuapp.com/). That's a scam of the lowest kind.

Actually, nakowa is good at math, he understand gambler's fallacy. What he was trying to explain is there are do have risks for the site , but he found it's hard to explain clearly .

Also, he is reasonable and not actually a gambler. He said he was trying to never bet in the JD.

just let time speaks, we all actually misunderstand nakowa.

Yeah yeah ok Nakowa is not a gambler and is good at math.

Except he says a certain pattern of WLWLWLWL must be more popular, which is false. And he is a gambler because he wagered 50,000 bitcoin on Just-Dice. He even admitted to being addicted at one point and how its hard to stop. He even got dooglus to put a block on his accounts to he couldn't bet.

I have nothing against Nakowa but what you just said isn't even true, he admitted on chat that he was getting addicted, where is your facts coming from?

it's money, huge amount of money, and yes, WIN or LOSE, it gets people addictive.

for those who ask me "would you play again?", the only reasonable answer they can take is "IDK".