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Author Topic: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain.  (Read 7718 times)
dooglus
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September 28, 2013, 05:09:15 AM
 #81

You must really love bitzino...   At any rate, yea this one's not provably fair as I posted in the other thread, and would stay away.

I've not been to bitzino since Just-Dice launched.  Not had the time.

Got a link to the post about this one not being provably fair?

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September 28, 2013, 05:37:45 AM
 #82

Perhaps producing fake/low quality things is normal to the Betcoin company. I mean, who hasn't seen Made in China crap/knockoffs? (of course, there is still good quality things from china)
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September 28, 2013, 06:27:23 AM
 #83

The whole "provably fair" only proves % going in and out it doesn't mean their own plants aren't the only ones winning.

I don't think you understand provable fairness.  It doesn't tell you anything about the overall house performance.  All it tells you is that your own bet was fairly processed.  That's pretty much the opposite of what you claim.

Look at bitzino.com.  I have no idea how much they've taken in bets, or how much they've paid out.  They don't (to my knowledge) publish that information.  But when I play there, whether I win or lose, I am sure that the bet was handled fairly due to the way that all their games are provably fair.
I have to read up some more on it but from what I understand since the seed is created server side and since most dice sites use "investors" the players betting may be "provably fair" but an insider is still able to cheat so it won't be fair for all.

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January 19, 2014, 06:25:46 AM
 #84

@TradeFortress:

Here's the "rude" email we sent to you three days ago:
#####
From: BetCoin™ <betcoin@betcoin.tm>
Subject: Couldn't PM you.
Date: September 22, 2013 12:28:43 PM GMT+01:00
To: admin@glados.cc

Dear TradeFortress,

Thank you for your insightful research and comments.  We tried to send you a PM, but you apparently blocked our account. Unfortunately most of our personnel are preoccupied with other important tasks at this moment, and we are not in the position to dedicate manpower to immediately answer your concerns. Should this situation change in the future - we will promptly inform you.

Kind regards,

BetCoin™
#####

As we mentioned earlier, our entire team is preoccupied with a series of meetings with senior Chinese Government officials, finalizing our newly-opened Supercomputer Center setup, and your concerns are not our top priority at this point in time. The issues that you brought up are not for the low-level technical and maintenance staff to address, but we will definitely look into this when when we have the time. In the meanwhile you can contact our support at support@betcoin.tm if you experience any difficulties using our websites, or have any questions regarding your own specific bets.

Best regards,

BetCoin™

Ahahahahahaha have a listen

Chinese Government officials  Grin
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