Vdice.io has scam written all over it and the shills are starting to get out of hand.
They are a dice site that launched in June and started an ICO a couple weeks ago that appears to have raised over
$2million USD worth of Ethereum. (there's actually over $2million worth of ETH sitting in their address, I' have little doubt most of it belongs to the people who have been funding the project since they decided to go with ico)
They claim to be the worlds first decentralized gambling platform. Problem is they aren't decentralized. They also claim to be provably fair. They aren't.
(details from RHaver and others here) <--vdice response to that post sums things up pretty well
They claim to be a clone of satoshi dice, with tons of fans and success, 18 months ahead of their competition. They aren't, They have had under 8,000 bets in since early June. (Dice sites do millions of bets a day. I think prime dice averages around 10,000 bets per minute)
Their site barely works. They have only had 3 bet options available due to bugs for the past month. 10% 25% and 90%. Bets often get "stuck" or just take 20+ minutes to settle. There is nobody working on the the actual product. They're just working on fooling potential 'investors'
It's a fail site that has hundreds of shills and enough media hype to make it appear to be someithing with tons of potential. Or at least some potential.
Some Examples of
their blog:Well keep having the fastest, safest, onchain oracle transactions.
Well keep building the best technology
for everyone. Ethereum lightning betting.
Our API
no one can believe our API. Everyone was talking about Blockcypher and their API. Then we come out with our API. People cant believe it.
The number of developers weve sent our API stuff to already, just in this last 48hrs
Its incredible. Its so great. And all free!
Already were recognised in Ethereum. Were the leading Blockchain Gambling Dapp. Everybody agrees.
Our players want it much faster. Alright, so weve been working with our Oracle.
Were going to make betting process even faster. Its gonna be so fast. You wont believe it. Were gonna role that out this month.
Everyone wants a piece of vDice.io. Its so successful. They want a piece of the action.
OK folks, were gonna give everyone a chance to own a piece of vDice.
Its gonna be a new kind of token sale. Its gonna be the most unique, most important token sale ever. Our devs. are building the code for that now.
Were gonna really leverage the power of Smart Contracts. Everyone is gonna benefit. All our fans are gonna do so well from this token sale!
I believe the vdice team is made up of a few people with very deep pockets and a one or two guys who are putting all effort into social media.
They started hyping the project in September, taking out forum ad space, signature campaigns, and buying tons of sponsored articles that they obviously wrote in the third person.
THey are paying all their "bounties" with 2.5% of their ico. Resullting in a lot of shills who are actually invested in the success of the project. It's working pretty well.
