Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain.

[gollum]

I came to the same conclusion one week before, so I guess there is something fishy going on since Im not alone...
there's no smoke without fire

Betcoin.Tm want to give the impression that they are more popular than Satoshi Dice already, within a month from start.

Im sure the owners of that site play there with fake accounts and use their own coins (newly mined coins + "mixed" coins) to give the impression that their site is more popular than Satoshi Dice so they can attract real players eventually.

What do you guys think?

It is false marketing to give the impression of a huge client base so you can attract clients.
How can a new satoshi clone that no one knew of until a few weeks ago have MORE activity than the original Satoshi Dice?
The only conclusion is: most of the bets are fake, placed by scripts &  run by the owners of the site.

It's not only unethical to the clients AND to competitors to have false marketing but it is also unethical to spam the blockchain with fake bets every second.

[1715481625]

1715481625

[1715481625]

1715481625

[User705]

I came to the same conclusion one week before, so I guess there is something fishy going on since Im not alone...
there's no smoke without fire

Betcoin.Tm want to give the impression that they are more popular than Satoshi Dice already, within a month from start.

Im sure the owners of that site play there with fake accounts and use their own coins (newly mined coins + "mixed" coins) to give the impression that their site is more popular than Satoshi Dice so they can attract real players eventually.

What do you guys think?

It is false marketing to give the impression of a huge client base so you can attract clients.
How can a new satoshi clone that no one knew of until a few weeks ago have MORE activity than the original Satoshi Dice?
The only conclusion is: most of the bets are fake, placed by scripts &  run by the owners of the site.

It's not only unethical to the clients AND to competitors to have false marketing but it is also unethical to spam the blockchain with fake bets every second.

So when Coca-Cola advertisements make it seem like the whole world drinks Coke they must be unethical.  Got ya.

[gollum]

I came to the same conclusion one week before, so I guess there is something fishy going on since Im not alone...
there's no smoke without fire

Betcoin.Tm want to give the impression that they are more popular than Satoshi Dice already, within a month from start.

Im sure the owners of that site play there with fake accounts and use their own coins (newly mined coins + "mixed" coins) to give the impression that their site is more popular than Satoshi Dice so they can attract real players eventually.

What do you guys think?

It is false marketing to give the impression of a huge client base so you can attract clients.
How can a new satoshi clone that no one knew of until a few weeks ago have MORE activity than the original Satoshi Dice?
The only conclusion is: most of the bets are fake, placed by scripts &  run by the owners of the site.

It's not only unethical to the clients AND to competitors to have false marketing but it is also unethical to spam the blockchain with fake bets every second.

So when Coca-Cola advertisements make it seem like the whole world drinks Coke they must be unethical.  Got ya.

They don't go and buy 99% of the cokes sold in 7-11 and Walmart themselves and They don't spam the banking system

[User705]

I think that's a different discussion if you are talking about blockchain spam.  Wasn't some other dice gambling accused of spamming the blockchain before?  Or is one company ok to spam blockchain but not another.  Who's supposed to decide?  That's an issue of miner fees and has nothing to do with unethical marketing.

[b!z]

Ps. Think about gigabytes of desktop hard disk space across the world have been wasted just by your irresponsible action to start this unethical business.

This is a pretty strong argument for this practice being unethical. I think a lot of businesses will simulate extra business, like a real Casino playing ambient noise of coins being spewed out or even Starbucks grinding coffee in their stores in the morning to "seed" the smell of fresh coffee, but those are usually at their own cost. This actually uses network and hard disk capacity across the public network, negatively impacting the community.

So @betcoin: STAHP it!

I can send a bunch of transactions to myself. Would I be hated in the same way if I did that?

What if I was using a mixing service (i.e inputs.io), where 1 transaction could be multiplied into 5, 10, or more?

correct horse battery staple (whatever it's order, you know that shit)

Sorry, I don't get the joke. Are you referring to this? http://xkcd.com/936/

[🏰 TradeFortress 🏰]

I think that's a different discussion if you are talking about blockchain spam.  Wasn't some other dice gambling accused of spamming the blockchain before?  Or is one company ok to spam blockchain but not another.  Who's supposed to decide?  That's an issue of miner fees and has nothing to do with unethical marketing.

There's a difference between users spamming the blocchain and the house spamming the blockchain themselves.

[User705]

Why?  Wasn't bitcoin created to not be controlled by some central decision maker as to who should use it?  Pay the fee get your trans mined.  Not to mention the only reason this is pissing people of is because another private biz ie blockchain.info posts the transaction wall as their own sort of marketing don't they?  The miners are about to be so screwed with overpaying for asics maybe they'll raise trans fees and problem solved.

[🏰 TradeFortress 🏰]

Why?  Wasn't bitcoin created to not be controlled by some central decision maker as to who should use it?  Pay the fee get your trans mined.  Not to mention the only reason this is pissing people of is because another private biz ie blockchain.info posts the transaction wall as their own sort of marketing don't they?  The miners are about to be so screwed with overpaying for asics maybe they'll raise trans fees and problem solved.

Sure, own up to the fact that 95% of your "bitcoins won" and "recent bets" and "big wins" are from your own.

[User705]

Who?  Me?  ROFL You think I'm shilling for them or something?  Hey I'm glad someone does blockchain tracing and figures this stuff out but I could care less.  Plenty of other interesting bitcoin stuff then to worry about some gambling site.  Most of them I'm sure are a scam anyways.  The whole "provably fair" only proves % going in and out it doesn't mean their own plants aren't the only ones winning.  The more wealth/fiat they are willing to sink into btc the better for my holdings.

[🏰 TradeFortress 🏰]

Who?  Me?  ROFL You think I'm shilling for them or something?  Hey I'm glad someone does blockchain tracing and figures this stuff out but I could care less.  Plenty of other interesting bitcoin stuff then to worry about some gambling site.  Most of them I'm sure are a scam anyways.  The whole "provably fair" only proves % going in and out it doesn't mean their own plants aren't the only ones winning.  The more wealth/fiat they are willing to sink into btc the better for my holdings.

I'm not referring to you and I haven't assumed you're a shill. I'm making a general statement about if one site uses scripts to artificially inflate their betting volume, they should own up to it.

[User705]

Sorry, it just seemed that way.  I don't think it matters though.  As long as they pay miner fees they got a right to it just like you or me.  As far as them tricking their customers that's between them and all business do that to some extent through marketing but like I said its good that there are people in the community able to trace that down in the blockchain and those interested can see the evidence for themselves which is the beauty of bitcoin.

[Jumpy]

I wonder if this whole discussion points to a new issue in bitcoin. Several sources have pointed out that China's use of bitcoin is heavily growing. Behind the US, no other country has been downloading bitcoin-qt more.

I think its likely that a large portion of the Chinese bitcoin users will participate in a somewhat closed, internal economy, since it seems that English is the language of choice for most Bitcoiners. There could be a growing information gap in the Bitcoin community.

All of that, to say this: I doubt that telling foreign users to stop using Betcoin is going to damage their business much. Most of their business is probably from this "internal" economy.

[tkone]

betcoin.tm is a great site, i don't understand what you are accusing them of? promoting there own site? nothing wrong with that,
and why would u accuse them anyone could be betting there...

plus they are reliable and trustworthy and very polite and very professional,
i have got payed out plenty of times from them, almost instantly,

ive said this before in other places, but i dont really understand why do you have something against them? are you competition so you trying to put them down?

they never put there comptetition down, if anything just just pick themselves up higher then others, and that makes them greater, they dont put others down to make themselves greater...

why do you have something against them? what did they ever do to you?

well i still trust them i know there a good site, there customer support is great too! never had any problems with them or there games or there support... dont know what your problem is

[Jumpy]

why do you have something against them? what did they ever do to you?

I'm pretty sure DDoSing all of their competition and detractors is enough reason.

[ingrownpocket]

Even with all the fake bets (I'm not claiming it to be true), they must be doing some crazy profit to pay for all the advertising.

[bit777]

betcoin.tm is a great site, i don't understand what you are accusing them of? promoting there own site? nothing wrong with that,
and why would u accuse them anyone could be betting there...

plus they are reliable and trustworthy and very polite and very professional,
i have got payed out plenty of times from them, almost instantly,

ive said this before in other places, but i dont really understand why do you have something against them? are you competition so you trying to put them down?

they never put there comptetition down, if anything just just pick themselves up higher then others, and that makes them greater, they dont put others down to make themselves greater...

why do you have something against them? what did they ever do to you?

well i still trust them i know there a good site, there customer support is great too! never had any problems with them or there games or there support... dont know what your problem is

There are good restaurants and there are bad restaurants. When you see there are mice in a restaurant's kitchen, you don't go to eat there.

[gollum]

betcoin.tm is a great site, i don't understand what you are accusing them of? promoting there own site? nothing wrong with that,
and why would u accuse them anyone could be betting there...

plus they are reliable and trustworthy and very polite and very professional,
i have got payed out plenty of times from them, almost instantly,

ive said this before in other places, but i dont really understand why do you have something against them? are you competition so you trying to put them down?

they never put there comptetition down, if anything just just pick themselves up higher then others, and that makes them greater, they dont put others down to make themselves greater...

why do you have something against them? what did they ever do to you?

well i still trust them i know there a good site, there customer support is great too! never had any problems with them or there games or there support... dont know what your problem is

There are good restaurants and there are bad restaurants. When you see there are mice in a restaurant's kitchen, you don't go to eat there.

In some restaurants there are more mice than customers

[001sonkit]

So when Coca-Cola advertisements make it seem like the whole world drinks Coke they must be unethical.  Got ya.

If coke do advert it is fine. But when coke deliver a box of it to every household door step where they didnt order it they have to move it away or whatever. It is about the ethics of advert. It is acceptable you step on your other competitors. But when you add poision in other soft drink factory sugar source. And how you advertise it is widely causing negative impact on others. This is the issue.
Hope this is not to vague for you to read

Correct Horse Battery Staple
http://blockchain.info/address/1JwSSubhmg6iPtRjtyqhUYYH7bZg3Lfy1T

[sublime5447]

This is not unethical.

Like the man said if they pay their fees they can do what ever transactions they like.

Personally I think it is smart and the OP is a hater.

[gollum]

This is not unethical.

Like the man said if they pay their fees they can do what ever transactions they like.

Personally I think it is smart and the OP is a hater.

If a bitcoin site aspires to become the no.1 gaming site, it should lead by example.
Instead Massive Luck Investments are doing the worst possible thing you can do to bitcoin:
-spamming with lot of nonsense.
-faking bets. imagine employees at Caesars Palace in Vegas playing fake games to give the impression that there are many customers and lot of people winning. Would it be acceptable?