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mechs (OP)
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September 29, 2013, 07:23:14 PM
Last edit: September 29, 2013, 09:39:26 PM by mechs |
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You got to watch this - have 3 whales playing betting about 200 BTC each many times per minute. Amount wagered on site has gone from 2M to 3M bitcoins. That is about 130 million USD wagered in 8 hours. Do you think any real life casinos even see that much action??
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mechs (OP)
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September 29, 2013, 09:32:07 PM |
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Now over 1.5M in past 12 hrs
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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September 29, 2013, 09:34:58 PM |
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Since I started watching a few minutes ago it seems he has won more than 3000 btc
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markjamrobin
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September 29, 2013, 09:35:26 PM |
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Now over 1.5M in past 12 hrs
Now it is over 3 million BTC! That's > 350 million USD |
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mechs (OP)
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September 29, 2013, 09:35:53 PM |
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Since I started watching a few minutes ago it seems he has won more than 3000 btc
He always wins in the end it seems |
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markjamrobin
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September 29, 2013, 09:37:32 PM |
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Since I started watching a few minutes ago it seems he has won more than 3000 btc
He always wins in the end it seems He has enough bankroll to overcome a lot of the variance. |
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Walsoraj
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September 29, 2013, 09:38:02 PM |
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It's all rigged. These btc gambling sites are just used for money laundering.
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markjamrobin
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September 29, 2013, 09:39:17 PM |
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It's all rigged. These btc gambling sites are just used for money laundering.
Really? Why is JD losing, if money is being laundered, it goes to investors  |
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mechs (OP)
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September 29, 2013, 09:40:53 PM |
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It's all rigged. These btc gambling sites are just used for money laundering.
Explain? |
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markjamrobin
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September 29, 2013, 09:43:24 PM |
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It's all rigged. These btc gambling sites are just used for money laundering.
Explain? Was he being sarcastic? Or was that a serious proclamation? |
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Birdy
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September 29, 2013, 10:03:55 PM |
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It's all rigged. These btc gambling sites are just used for money laundering.
Explain? Was he being sarcastic? Or was that a serious proclamation? No, he is just trolling. Any sufficiently advanced trolling is indistinguishable from sarcasm. |
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mechs (OP)
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September 29, 2013, 10:10:23 PM |
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This is amazing - you guys have to watch this betting at just-dice.com. Over 250 million USD of coins bet by one player in 12 hrs
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grue
Legendary
Offline
Activity: 2058
Merit: 1431
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September 30, 2013, 12:05:06 AM |
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It's all rigged. These btc gambling sites are just used for money laundering.
Explain? 2 scenarios: a) Just-Dice is using their own funds to bet on their own site. Regardless of outcome, there is no net gain/loss. However, this generates artificial activity which can be used for publicity (like this thread), or to make the site look more popular. b) Just-Dice's owner runs a covert money laundering service. "Dirty" money comes into the site in the form of bets, "clean" money comes out in the form of the site's margin. This is assuming the site's bets can not be audited. |
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jeffhuys
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September 30, 2013, 01:19:43 AM |
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Question. Could the admin just run with his money at the moment?
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cbhelp
Newbie
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Activity: 56
Merit: 0
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September 30, 2013, 01:37:10 AM |
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Question. Could the admin just run with his money at the moment?
Yes. And there is also the scenario that the site owner is either playing under different names, or employing someone to play, and what we are seeing are phantom bets, and any winnings from these are being paid out to the gambler (aka site owner and cohorts) I mean lets get real. The site owner holds over 35k in btc, (millions of USD), and no one can track who's vetting, or anything. You have to take the site owners word that he isn't playing or giving the secret seed info to a friend in exchange for a cut. |
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jaydenH
Newbie
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Activity: 46
Merit: 0
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September 30, 2013, 05:42:59 AM |
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i lost over 0.4 BTC! That's it.
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mechs (OP)
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September 30, 2013, 06:03:54 AM |
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It's all rigged. These btc gambling sites are just used for money laundering.
Explain? 2 scenarios: a) Just-Dice is using their own funds to bet on their own site. Regardless of outcome, there is no net gain/loss. However, this generates artificial activity which can be used for publicity (like this thread), or to make the site look more popular. b) Just-Dice's owner runs a covert money laundering service. "Dirty" money comes into the site in the form of bets, "clean" money comes out in the form of the site's margin. This is assuming the site's bets can not be audited. I am confused by B. WHat does that have to do with one player winning a crap load and defying the odds? |
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bitcoin44me
Full Member
Offline
Activity: 252
Merit: 100
MARKETPLACE FOR PAID ADVICE LIVE BROADCASTS
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September 30, 2013, 06:43:16 AM |
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It's all rigged. These btc gambling sites are just used for money laundering.
just dice is provably fair. But if you do not believe it, do not play there  |
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manoamano
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September 30, 2013, 07:55:45 AM |
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i lost over 0.4 BTC! That's it.
I lost 1 btc. But it does not matter. In the long run we will be up again |
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gmannn
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September 30, 2013, 04:43:35 PM |
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Question. Could the admin just run with his money at the moment?
Yes. And there is also the scenario that the site owner is either playing under different names, or employing someone to play, and what we are seeing are phantom bets, and any winnings from these are being paid out to the gambler (aka site owner and cohorts) I mean lets get real. The site owner holds over 35k in btc, (millions of USD), and no one can track who's vetting, or anything. You have to take the site owners word that he isn't playing or giving the secret seed info to a friend in exchange for a cut. Agreed, the overenthusiastic posts seem like shilling and it's probably just the owner betting on his own site to make the numbers look bigger. No way to verify, but it is cheap publicity. |
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