Magic Dice Exit Scam?
View this post on Hive: Magic Dice Exit Scam?
6 years ago in #magicdice by themarkymark (78)
$60.27
- Past Payouts $60.27
- - Author $46.53
- - Curators $13.74
Magic Dice Exit Scam?
View this post on Hive: Magic Dice Exit Scam?
@themarkymark
Do not only contact Binance (he could have traded here anonymously). There are also transactions that lead from Bittrex to @magicdice (6 months ago). I am really convinced that withdrawals from Bittrex were stopped for unverified users. Even in late 2017, the limit was lowered to 0.025 BTC, but this transaction contains 5k SBD. I hope this could help a lot with identifying him.
EDIT: @zombee (and even @magicdice1) has indeed made a few transactions to @bittrex - and with one memo for each coin (SBD/STEEM).
People who invested in such a scammy business deserve to lose money.
A bad experience is the best experience.
I don’t think either of these sites will(or should) easily give up user information. I’d recommend, if possible, trying to get the authorities to investigate and ask for the information themselves.
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We should create a discord group in order to talk. If we have any news, let us know: the roads are binance and bittrex.
All zombee's accounts are: @zombee, @dmania, @meme-maniac, @garanger, @terimar, @tank-girl, @sinsister, @ready-player-one, @puppet-master, @coindeluxe, @magicdice, @magicdice1, @magicdice2, @magicdice3.
If you have time, you may look at them. Maybe you can find at least something interesting.
@powerguy?
I can't see any direct transfer or anything between magicdice's accounts and powerguy that would not be bets, referral or dividends claims.
But I found that @powerguy is owner of these accounts: @assassinss, @crypto-miner, @dice-dice, @diceking, @kingdice, @powerguy, @steem-nice, @steem-steem.
So it really stinks... those accounts were the biggest wagerrers.. so @powerguy was 'mining' the tokens all the time, not just in the beginning. What is interesting that @powerguy received transactions through binance (screenshot below), although he uses upbit. I like the memo of these txs.
yes he created tempting dividends for all of them and that in any case they came into his first pocket. People were happy to play for good dividends. In my opinion he is inside the scam, I'm almost certain.
Just feeling is not enough, I need to find some proof.
True, however, it is strange that a large stakeholder has not complained
I know you're right, however, we have a lot of data, maybe even steem witnesses can help us to clarify their presence. dapps are like ico for eth anyone can scam without problems. In fact eth has lost a lot for the erc20 tokens. Steem is doing the same with dapps, only that eth is huge as a market cap, steem if it continues like this it dies
I have just found that @powerguy with his accounts use this memo for binance: 103700729. But nobody else uses it. So powerguy has a separate Binance account, as it is not possible to create new memo here.
yesss @samotonakatoshi
https://discord.gg/U8T2gP this is the server to talk about the magicdice scam and look for solutions.
He simply has to be verified on Bittrex... if under his real name, that is the real question.
He has two bittrex accounts, he is not just an asshole, I think there are two or three
Actually, it could be just one account! Memos for SBD and for STEEM are different overthere (if I remember correctly, I do not use Bittrex anymore).
yes you're right, I didn't think of sbd, but I think there's a wider range of accounts and people, it's a feeling.
Not really, unverified user isn't verified by ID, just verified by something (phone number of example)
I knew there was a reason I never used it lol
Me too! We have INTUITION!
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Gambling games aren't usually developed by honest people, may be exceptions to this but not in this case. People should be more cautious with their money and with who are supporting to.
The site wasn't even developed by zombee.. It was a clone from a publicly available script..
Wait are you saying zombee is innocent or that he just didnt develop magic dice?
Hey regardless, i think theres a lesson here about anonymity... if everyone was tracked no one could pull exit scams... like if we made sure we knew where people lived before we invested din their business....lol.....
He's stating that zombee didn't develop it. @klye can you link me that script?
either @themarkymark = @zombee or he got screwed by him LOLZ
I flag trash (and morons). You have received a flag.
I have noticed that they were transferring huge amounts of Steem to @magicdice1 and then to Binance. I also planned to write something about the whole ecosystem (everyone was betting for dividends, that would not be sustainable and the volume of bets would decrease over time). Unfortunately, I was too lazy. I am quite surprised right now, I did not really think they would exit scam. They were taking (according to what they showed on the site) whole 60% of profits, so wouldn't their profits be somehow legitimate if they did not exit scam?
I also fell into it, lost some STEEMs in exchange for dividends, but I do not need them. Thank you for your article and I hope they will be punished for their actions.
Daily withdrawal limit on Binance for unverified users is set to 2 BTC so it is very probable that they traded here somewhat anonymously. 580k Steems over a time span of 5 months is not that much.
"I am quite surprised right now, I did not really think they would exit scam."
That is surprising after you stated yourself the fact that the business model of Magic Dice is unsustainable in the long term.
They probably lied with saying that they are taking 60% of the profits.
Based on your statement ("everyone was betting for dividends, that would not be sustainable and the volume of bets would decrease over time"), the Magic Dice exit scam is (was) not surprising, but expected.
I knew people would become less and less encouraged to bet for dividends over time. I was imagining only that the volume would go down, but definitely not that they would exit scam. I even noticed these large transactions to Binance, but I though there could be a rational explanation and exit scam did not even come up in my mind. I was afraid of Drugwars going exit scam, but definitely not Magicdice... As I said, I just thought the volume would go slowly down and that the daily leaderboard would still encourage some people to bet (although still less and less). I saw these red flags (not so long ago), I should have expected this.
By exit scamming, they definitely took more than 60%. It is also questionable how much dividends they owned and if they collaborated with @powerguy and his accounts - which were the biggest wagerrers on the site.
Absolutely agree about it being an unsustainable business model especially when a few bit bot owners were taking the vast majority of the rokens.
Kryptogamers seem to be addressing this by using tradable tokens on Steem engine and have said will buy tokens back. Not sure this is perfect but it's better I think.
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Bot or not you only take what you earn (and risk)
Of course, but bots play 24hr and I am sure are created not to lose more than the benefits in dividend payments then of course it's an ever decreasing circle so the 'risk' is almost non existent.
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https://discord.gg/U8T2gP this is the server to talk about the magicdice scam and look for solutions.
and whats up with @buildawhale posts ? you are posting same content every day . how is that adding value to the platform ?
I flag trash (and morons). You have received a flag.
does markymark account ever sleeps ;-) comments are coming 24/7
I flag trash (and morons). You have received a flag.
Sorry to see it happened but guess we all see it coming when things going off here and there recently(we do keeping a close eye on the gaming industry on Steam).
Fortunately, EpicDice can pretty much fills up the hole left empty by MD, with second-to-none transparency level in the whole industry, promptly customer service mainly responsible by @fr3eze (aka blocksensei). All on top of most straightforward provably-fair verification system. We aim to build a true blockchain gaming platform as trustless as possible whereby most of our business logic could be monitored and audited by anyone, if they choose to.
Furthermore in the near future, we have a major release that would likely boom the value of our native SE token (EPC), a plan to expand our reach by hiring moderators from the community, and endless effort in improving our platform.
We are still in the infant stage of our journey (only 3% of token were minted), and we really looking forward for your participation.
Talk to us, or we shall see you in the game!
I can definitely vouch for @epicdice though their platform is not as robust as MD yet. But as said by them, they are still in their infancy atm. They badly need some automated betting integration or compatibility with tools like mydicebot & boookeeping and a fat bankroll for allowing bigger bets.
The only major issue I see with @epicdice is they don't know the difference between STEEM & SBD and consider both at par! MD used to pay dividends in STEEM + SBD according to the profits in the currency wagered. ED should follow that or should not offer an option to wager with SBD. It's quite unfair of them.
Otherwise, their communication, intention and operations look fair to me among all other games here.
Disclosure:
I'm the largest EPC holder after the team holdings.
I agree with you @xyzashu about the things you mentioned above about @epicdice.
I remembered that you warn me about the @magicdice that they was not good and not communicate properly from day one, and you did not play too much there. I also see many times their communication on discord server that they are hiding the things. But i seen @themarkymark is playing too hard and didn't check & find out their intention. That's the worst point of @themarkymark. The @marky only checked their batting fairness.
Thank good @xyzashu to not played magicdice. Only testing the platform and warn about from day one about their unfairness.
I think we have to forget @magicdice, no if no but forget magicdice and @themarkymark philosophy about the steem platform. He is the stand with gun and playing too hard gambling and blacklisting steemians without any fault. Only thing is that not agree with their philosophy put into blacklist. But all the way is the great steemians with witness badge.
All the way i still continue voted @themarkymark as witness and like their stand about things. Always stand hard with their own decision. No one can change it, that is the good point.
Yeah, Although I didn't know anything about the people behind @magicdice, it looked shady to me since its inception. When they couldn't properly address my fundamental queries about their project, I got suspicious of them and thought to wait until they clarify. But that was never to come!
I won't like to blame @themarkymark for not checking or finding about the team. He did a great job in verifying the fairness of their algorithm. But fairness of code doesn't imply integrity of intentions of the team behind it.
I know, many people were feeling comfortable in playing at @magicdice as respected and intellectual Steemians like @themarkymark were leading players on that platform. But there is no denying the principle - DYOR. Don't follow anybody when YOUR finances are involved.
However, it would have been better if @themarkymark had not waited until this day and given out some clues like he mentions now as:
He should have been vocal about this fact. But probably he was waiting for some concrete evidence like he got today.
I never placed any bet on MD except the one bet in its initial days to test how they process it. All magic tokens I had received were a gift as some contest prize from them. I'm indebted to MagicDice community for all the STEEM and MAGIC I was offered in their resteem prize.
But once I'm in doubt, it's really hard to win my trust again. Same is applicable for SteemBet. Although they rendered a public apology and promised to be more transparent and interactive with the community, I didn't find it so. I doubt they are related to BetX on EOS (that recently announced to move on Binance chain) as they have copied their entire design and colour theme here. I remember BetX too was not fair to honour its coin-age model and they couldn't wait until their pre-announced timing for first dividend distribution. I see that I have some dividend to claim on SteemBet platform but dunno why I can't claim it!
Regarding @themarkymark's blacklisting policy, I don't know much about it. As a matter of fact, every Steemian is free to blacklist / unfollow / mute / follow / whitelist anyone at their own individual discretion. Some people are quick to draw conclusions and judge people on the basis of a few isolated incidents. Ignore such people and keep doing what you do!
I've rarely interacted with Marky, so I don't know much about his stance. I remember pointing him for his unfair principle and rules for transacting with his bid-bot buildawhale in initial days. His answer was like everyone else is doing that so he is also following them! This answer didn't make me communicate with him further. If every dapp starts cheating or scamming people here, it doesn't set the benchmark for ethics and can't justify running your own dapp for purpose of scamming. But many people copy and derive their principles and values by watching others. Can't help in that case!
But kudos to you that you're still voting Marky as your witness! I appreciate your gesture. ^Criticize the people's act when they should be but don't condemn them.*
Steem on!
...or gamble on ...if you so wish. Here is my referral link for Epic Dice. 😊
I privately warned a lot people well ahead of time, but I had no concrete proof. It was just gut feeling from things I noticed.
It's hard to claim someone is scamming without proof, that's slander.
What unfair principle and rules?
What did @klye mean here?
@klye do you mean zombee didnt develop it but could still have run it? Or we are all pretty sure zombee did it? it isnt just people being "mean" to him again?
People need to start supporting more good cause projects like @aid.venezuela.... to muuuuch money lost that these people can use for humanitarian aid...
Also, if people want to earn money just sell vote or delegate to any good bot with reward share...
offtopic: the another problem will be, so much people that don't know how to undelegate to magicdice and so much sp locked in that account
undelegate here
https://steembottracker.com/delegation.html#update
make sure you use steemconnect to sign your undelegation
I hope this emboldens you to keep watching for shady apps. I can't imagine watching these guys so closely like you did.
Another scam. Great marketing for Steem once again...
It's just funny because they could've continued making money.
No they couldn't. Their dividend payments would have overtaken their income
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And they held the majority of it, and if they made it so we could gamble it, they would end up with even more.
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after marky has reported it to Binance, CZ may consider delisting Steem LOLZ
I flag trash (and morons). You have received a flag.
It's not Steems fault there was a scam on the blockchain.
Anyways, this isn't the first time and won't be the last because people are innovative. Lol
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