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VIPLegendaryActivity: 1176Merit: 1023 Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. September 19, 2013, 06:36:21 AM

Last edit: September 19, 2013, 06:58:50 AM by TradeFortress #1 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



What are the thousands of funded addresses being used for?

Continuously betting on Betcoindice.



Pick one of the colored addresses in this trail, look up one of the ~100 addresses they've funded, and that address bets on betcoindice exclusively non-stop.

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Sr. MemberActivity: 336Merit: 260 Re: Betcoindice.tm Untrustworthy: Fake volumes, makes house bets on blockchain. September 19, 2013, 06:40:17 AM

Last edit: January 19, 2014, 06:21:40 AM by aksplace #2 Quote from: TradeFortress on September 19, 2013, 06:36:21 AM 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? Would you elaborate for guest and I exactly what your accusing BetcoinTM of doing?

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VIPLegendaryActivity: 1176Merit: 1023 Re: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. September 19, 2013, 06:41:19 AM #3 Quote Would you elaborate on what your accusing them of doing please?

Creating the illusion that people are playing on Betcoindice.tm when it is just them making bets themselves. Take a look at the addresses that received 0.03 BTC. Creating the illusion that people are playing on Betcoindice.tm when it is just them making bets themselves. Take a look at the addresses that received 0.03 BTC.

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Sr. MemberActivity: 336Merit: 260 Re: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. September 19, 2013, 06:44:23 AM #4 Quote from: TradeFortress on September 19, 2013, 06:41:19 AM Quote Would you elaborate on what your accusing them of doing please?

Creating the illusion that people are playing on Betcoindice.tm when it is just them making bets themselves. Take a look at the addresses that has received 0.03 BTC.

Creating the illusion that people are playing on Betcoindice.tm when it is just them making bets themselves. Take a look at the addresses that has received 0.03 BTC.

What is the purpose of doing such? I would assume to "Appear busy" ? I guess I don't understand the reasoning behind such claim. The founder would surely not waste his time making .03 bets all day and we all are aware of the muscle flexing they have done this past month advertising. Makes no sense considering everyone is clearly aware of the "deep and secure pockets" they hold. What is the purpose of doing such? I would assume to "Appear busy" ? I guess I don't understand the reasoning behind such claim. The founder would surely not waste his time making .03 bets all day and we all are aware of the muscle flexing they have done this past month advertising. Makes no sense considering everyone is clearly aware of the "deep and secure pockets" they hold.

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Sr. MemberActivity: 336Merit: 260 Re: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. September 19, 2013, 06:50:28 AM #6 Quote from: TradeFortress on September 19, 2013, 06:46:27 AM Quote from: aksplace on September 19, 2013, 06:44:23 AM What is the purpose of doing such? I would assume to "Appear busy" ? I guess I don't understand as the founder would surely not waste his time making .03 bets all day. Just for the record they do promote in a lot of locations.



I suggest reading the OP and looking up the addresses I mentioned before responding. The founder of course isn't manually betting, but rather it's an automated script to get on the frontpage of blockchain.info and create the impression that it is legitimate from it's "popularity".

I suggest reading the OP and looking up the addresses I mentioned before responding. The founder of course isn't manually betting, but rather it's an automated script to get on the frontpage of blockchain.info and create the impression that it is legitimate from it's "popularity".

Are you making the assumption they are jamming up block-chain to stop results from being submitted to other competitors? Your right maybe I do need to read up on this and apologize for jumping in. I just don't believe the fact this gentleman or company would be involved in dirty business. Are you making the assumption they are jamming up block-chain to stop results from being submitted to other competitors? Your right maybe I do need to read up on this and apologize for jumping in. I just don't believe the fact this gentleman or company would be involved in dirty business.

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Hero MemberActivity: 504Merit: 500 Re: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. September 19, 2013, 06:53:50 AM #8 Quote from: aksplace on September 19, 2013, 06:50:28 AM Quote from: TradeFortress on September 19, 2013, 06:46:27 AM Quote from: aksplace on September 19, 2013, 06:44:23 AM What is the purpose of doing such? I would assume to "Appear busy" ? I guess I don't understand as the founder would surely not waste his time making .03 bets all day. Just for the record they do promote in a lot of locations.



I suggest reading the OP and looking up the addresses I mentioned before responding. The founder of course isn't manually betting, but rather it's an automated script to get on the frontpage of blockchain.info and create the impression that it is legitimate from it's "popularity".

I suggest reading the OP and looking up the addresses I mentioned before responding. The founder of course isn't manually betting, but rather it's an automated script to get on the frontpage of blockchain.info and create the impression that it is legitimate from it's "popularity".

Are you making the assumption they are jamming up block-chain to stop results from being submitted to other competitors? Your right maybe I do need to read up on this but I would be truly fooled to think this gentleman up to no good like this.

Are you making the assumption they are jamming up block-chain to stop results from being submitted to other competitors? Your right maybe I do need to read up on this but I would be truly fooled to think this gentleman up to no good like this.

No... Go to blockchain.info (One of, if not the most popular Bitcoin related site). Now look on the front page, one of the first things that grab your attention is the recent transactions (Since it's moving and shit). Now you'll see that every few seconds a "Bitcoindice" or w.e address comes up. This is essentially a continuous advertisement on the biggest Bitcoin website. Not only is it an advertisement, it is an indirect advertisement (The best types), people think that Betcoin.tm is legit since other people are using it, they're not claiming anything themselves; they're letting others make the claims for them.



To the average user, they will now assume that Betcoin.tm is a great place to bet Bitcoins. No... Go to blockchain.info (One of, if not the most popular Bitcoin related site). Now look on the front page, one of the first things that grab your attention is the recent transactions (Since it's moving and shit). Now you'll see that every few seconds a "Bitcoindice" or w.e address comes up. This is essentially a continuous advertisement on the biggest Bitcoin website. Not only is it an advertisement, it is an indirect advertisement (The best types), people think that Betcoin.tm is legit since other people are using it, they're not claiming anything themselves; they're letting others make the claims for them.To the average user, they will now assume that Betcoin.tm is a great place to bet Bitcoins.

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MemberActivity: 74Merit: 10 Re: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. September 19, 2013, 07:13:34 AM #12 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?

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VIPLegendaryActivity: 1176Merit: 1023 Re: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. September 19, 2013, 07:19:24 AM #14 Quote from: teck on September 19, 2013, 07:13:34 AM 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. I disagree. I believe that is unethical, dishonest and indicates untrustworthy behavior.

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VIPLegendaryActivity: 1176Merit: 1023 Re: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. September 19, 2013, 07:20:27 AM

Last edit: September 19, 2013, 07:33:03 AM by TradeFortress #15 Quote from: zackclark70 on September 19, 2013, 07:14:07 AM what I am saying is fact if the odds of wining a bet are 2,000-1 statistically speaking you would need 2,000 bets to win it might take 1 bet it might take 4,000 but it would be irresponsible of them to open a website that has not been tested with a high volume of transactions





I have just looked on there site and the highest multiplier is 64,000 so if they were testing that one until they win it could take a lot ore that 64k bets to win it



you will never really know what they are doing unless they tell you

If you're a programmer you know that you don't need to test 64,000 times to verify it does payout. They're certainly using the same code for 97% as 0.001%, just with a different variable.



There is no legitimate excuse to botting this amount of bets. If Peter Nolan disagrees, he's welcome to explain. If you're a programmer you know that you don't need to test 64,000 times to verify it does payout. They're certainly using the same code for 97% as 0.001%, just with a different variable.There is no legitimate excuse to botting this amount of bets. If Peter Nolan disagrees, he's welcome to explain.

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VIPLegendaryActivity: 1176Merit: 1023 Re: Betcoindice.tm Untrustworthy: Fakes volume, makes house bets on blockchain. September 19, 2013, 07:43:08 AM #18 Quote from: zackclark70 on September 19, 2013, 07:39:13 AM Quote from: TradeFortress on September 19, 2013, 07:20:27 AM Quote from: zackclark70 on September 19, 2013, 07:14:07 AM what I am saying is fact if the odds of wining a bet are 2,000-1 statistically speaking you would need 2,000 bets to win it might take 1 bet it might take 4,000 but it would be irresponsible of them to open a website that has not been tested with a high volume of transactions





I have just looked on there site and the highest multiplier is 64,000 so if they were testing that one until they win it could take a lot ore that 64k bets to win it



you will never really know what they are doing unless they tell you

If you're a programmer you know that you don't need to test 64,000 times to verify it does payout. They're certainly using the same code for 97% as 0.001%, just with a different variable.



There is no legitimate excuse to botting this amount of bets. If Peter Nolan disagrees, he's welcome to explain.

If you're a programmer you know that you don't need to test 64,000 times to verify it does payout. They're certainly using the same code for 97% as 0.001%, just with a different variable.There is no legitimate excuse to botting this amount of bets. If Peter Nolan disagrees, he's welcome to explain.

what about testing high volume transactions / people scrypt betting

what about testing high volume transactions / people scrypt betting



There's no 'people' script betting - there is one person. Nearly all bets on Betcoindice can be traced back to one script.



Quote Trade, you didn't have to block my messages..lol



I hope you didn't take that me attacking you...Although it did seem like it, it wasn't my intention too.

Just wanted to share my experience I've had there so far.

I block forum PMs, if you'd like to contact send me an email! Purely testing high volume transactions isn't something you'd do continuously, as you're paying substantial TX fees.There's no 'people' script betting - there is one person. Nearly all bets on Betcoindice can be traced back to one script.I block forum PMs, if you'd like to contact send me an email!