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

[001sonkit]

It's pretty much a clone of Satoshidice, so it would not be surprising to see that they've faked other things such as volume.

At least they appear to be paying out bets for now.

plus satoshicircle

[fuggedit]

pinballcoin does this same thing

[Mooshire]

have you not considered that could have been testing the website ?

Yeh a sneaky 10,000 bets a day testing.

There's a testnet for a reason

if they are testing each bet to make sure when it wins it pays out and there is a bet that is 20,000-1 that could be over 20,000 bets just to test that 1 bet

( not sure what the odds on there bets are as I haven't been on the site )

No.

In the future please don't comment on matters you don't understand.

Can this be a forum-wide rule?

[b!z]

have you not considered that could have been testing the website ?

Yeh a sneaky 10,000 bets a day testing.

There's a testnet for a reason

if they are testing each bet to make sure when it wins it pays out and there is a bet that is 20,000-1 that could be over 20,000 bets just to test that 1 bet

( not sure what the odds on there bets are as I haven't been on the site )

No.

In the future please don't comment on matters you don't understand.

Can this be a forum-wide rule?

I think this rule applies to all intelligent conversations anywhere in the world

[🏰 TradeFortress 🏰]

Thanks Tf for pointing out the issue that I have doubted along. I have been some time since betcointm is out. Those floating transaction is quite mysterious as the frequency is similar to the freq of SD. meanwhile this is seen before the ad was bought in bitcointalk. Plus AFAIK it also optimize for Chinese user with Chinese interface. But there aren't ads on there either. This unveiling finally gives me a full pic on wtf is really happening.

Betcointm. This is my comment. If you think that this method is ethical for you to do your work in Bitcoin. And it is ethical and responsible for you to also copy everything out there and attempt to start a new business out of it with a copied from ground up script interface etc. you really shall not be a bitcoiner.

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.

It's OK, ultraprune is coming..

[001sonkit]

Then it is still extra bits for some with a 56k connection guys to download.... although they can switch to inputs.io

[🏰 TradeFortress 🏰]

Bump.

[001sonkit]

I guess I have to change my sig a bit Satoshidice is not the only criminal

[01BTC10]

Thanks for pointing this out. I also noticed that they came out of nowhere and getting heavy action since the beginning, but I didn't think twice about it.

[User705]

I don't get what your trying to get at or what the problem is?

I actually done very well playing there on good days. Support (Peter) is always quick on issues that I have had and been
taking care of. If what your saying is true I don't see what the big deal is. If creating fake traffic brings in customers and he pays
all winning bets, more power to him. BTC gambling sites are starting to pop-up every where and if that gives them the edge to bring more players then it's better than paying for advertising. Or maybe he just likes to move his big bank roll around when he gets bored..heh

The site is legit, I've cashed out large amounts this month and it's been paid on every cashout with a 2min wait before hitting my wallet.

The place is always my first stop whenever I got some spare change to waste.

Unless  I'm missing something?

I disagree. I believe that is unethical, dishonest and indicates untrustworthy behavior.

Why?  Even assuming it's true which obviously can't be 100% proven from what you've shown it's only dishonest if they deny it.  As far as untrustworthy that applies to all of these gambling sites where there is no way to tell how they pick winners.  I'm not sure how you think ethics come into play here but if you believe they are unethical what does that make the forum that accept advertising from them?

[Zaih]

Why can't the owner of Betcoin.tm post here explaining his reasoning behind this?

Would definitely be worth while to at least attempt to amend their wrong doing & at least explain lol

[🏰 TradeFortress 🏰]

Why can't the owner of Betcoin.tm post here explaining his reasoning behind this?

Would definitely be worth while to at least attempt to amend their wrong doing & at least explain lol

They're more interested in sending rude email replies and seeing a DDoS 30 minutes later.

[001sonkit]

You too can help tell everyone the evilness of this company.

Code:

[url=http://goo.gl/W9xu1M][color=#FF8367][size=9pt][glow=#6C0000,1,1][b]Betcoin.tm - deliberately DDosing Bitcoin[/b][/glow][/size][/color][/url]

Shall I call it a free stress test for a brighter future?

You are welcome to mail me and DDOS my server. Those are just coins out of your pocket. I have no loss. Consider opening your own DDOSing company to legitimize yourself.

[b!z]

You too can help tell everyone the evilness of this company.

Code:

[url=http://goo.gl/W9xu1M][color=#FF8367][size=9pt][glow=#6C0000,1,1][b]Betcoin.tm - deliberately DDosing Bitcoin[/b][/glow][/size][/color][/url]

Shall I call it a free stress test for a brighter future?

You are welcome to mail me and DDOS my server. Those are just coins out of your pocket. I have no loss. Consider opening your own DDOSing company to legitimize yourself.

No offense, but your signature sure does have a lot of BS in it.

[001sonkit]

No offense, but your signature sure does have a lot of BS in it.

Worst part is that people click Bullshit. Dont ask, it works

[Jumpy]

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!

[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?

[001sonkit]

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)

[User705]

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!

That's retarded reasoning.  You do realize that miners get a fee for including transactions in a block and they can refuse transactions that don't have a fee.

[siameze]

I've been quite puzzled from the fact that betcoindice.tm, a newly created and unknown dice/spin the wheel site, is getting so many transactions as observed on the homepage of Blockchain.info. Here's the results from blockchain digging.

16wnSLn1BxLAsLZi8weuLh4cdR19bsXRkP
Funds ~100 addresses with 0.03 BTC each. Change address to 12UZKZWpwLrywA159Rf3beRPb2zzPvyE2M

12UZKZWpwLrywA159Rf3beRPb2zzPvyE2M
Funds ~100 addresses with 0.03 BTC each. Change address to 1BPCo6aqB37ta3yMvU8jX754959CeGk9Ae

1BPCo6aqB37ta3yMvU8jX754959CeGk9Ae
Funds ~100 addresses with 0.03 BTC each. Change address to 15K7z2h1rPM486RodM4PamPme27AQaEy3g

15K7z2h1rPM486RodM4PamPme27AQaEy3g
Funds ~100 addresses with 0.03 BTC each. Change address to 12rTLxT8GomYxddhezC7gWHqh4z6meGDtp

12rTLxT8GomYxddhezC7gWHqh4z6meGDtp
Funds ~100 addresses with 0.03 BTC each. Change address to 19aWcx5xZLjk8wM8zMyserbLGc6sCg7rYG

19aWcx5xZLjk8wM8zMyserbLGc6sCg7rYG
Funds ~100 addresses with 0.03 BTC each. Change address to (with only 0.16 BTC leftover) 1JE3eWVUxd8Co8QWTgdGcAXDKGidKH4uFg

1JE3eWVUxd8Co8QWTgdGcAXDKGidKH4uFg
Funds ~100 addresses with 0.03 BTC each along with inputs from 16wnSLn1BxLAsLZi8weuLh4cdR19bsXRkP

Every single address I've checked that has received 0.03 BTC bets on Betdice and has around 1400-1500 transactions each as of writing. Pretty blatantly obvious.

Would you elaborate for guest and I exactly what your accusing BetcoinTM of doing? I think your jumping the gun honestly.

It is called "Projection".    Same scheme as coinchat.