Bitcoin Forum

Economy => Economics => Topic started by: Shinodan on May 13, 2013, 09:31:21 AM



Title: Dont play satoshi dice btw
Post by: Shinodan on May 13, 2013, 09:31:21 AM
Been mining for 2 weeks and just lost it all.

Fml.

I r twat.


Title: Re: Dont play satoshi dice btw
Post by: Chet on May 13, 2013, 09:37:14 AM
not everyone doesn't know when to quit.


Title: Re: Dont play satoshi dice btw
Post by: San1ty on May 13, 2013, 10:43:05 AM
I cannot pity someone that plays Satoshi Dice...
I hope everyone can buy common sense with BTC soon, it seems some people need it...


Title: Re: Dont play satoshi dice btw
Post by: Shinodan on May 13, 2013, 10:52:29 AM
Know when to quit..... It was my first go.   :(


Title: Re: Dont play satoshi dice btw
Post by: miningusa on May 13, 2013, 11:19:30 AM
avoid, avoid, avoid!!


Title: Re: Dont play satoshi dice btw
Post by: Ekaros on May 13, 2013, 11:27:17 AM
Know when to quit..... It was my first go.   :(

Then you just played with too high bets...


Title: Re: Dont play satoshi dice btw
Post by: lexxus on May 13, 2013, 11:28:14 AM
How can people still hope to make money by plaing -EV games in 21 century!?


Title: Re: Dont play satoshi dice btw
Post by: Lethn on May 13, 2013, 08:27:45 PM
I'd feel more worthwhile spending my Bitcoins on strippers and porn.


Title: Re: Dont play satoshi dice btw
Post by: Gareth Nelson on May 13, 2013, 08:28:58 PM
Never gamble more than you can afford to lose, regardless of what form that gambling takes.


Title: Re: Dont play satoshi dice btw
Post by: bozak on May 13, 2013, 09:22:40 PM
I still don't get satoshi dice at all.  Sure it is not terrible odds comparing to other gambling, but it is still stacked against you so why does anyone play?  A satoshi sports book and I might be intrested, but satoshi dice is both boring and not profitable. 


Title: Re: Dont play satoshi dice btw
Post by: myrkul on May 13, 2013, 11:37:41 PM
You know what the difference is between people who play Satoshidice with their entire bankroll on the line and people who play Russian Roulette?

The people who play Russian Roulette don't get to post threads about how much they lost.


Title: Re: Dont play satoshi dice btw
Post by: TraderTimm on May 13, 2013, 11:50:07 PM
The best part will be when they'll be forced to change their full-retard method of using the blockchain as a state variable of betting outcomes.

v0.8.2 can't get here fast enough...


Title: Re: Dont play satoshi dice btw
Post by: 1bettor.com on May 14, 2013, 02:20:27 AM
You know what the difference is between people who play Satoshidice with their entire bankroll on the line and people who play Russian Roulette?

The people who play Russian Roulette don't get to post threads about how much they lost.

:) good one


Title: Re: Dont play satoshi dice btw
Post by: Minor Miner on May 14, 2013, 03:26:32 AM
Can anyone tell me how much the two major users of the blockchain pay in fees to the miners that make their companies possible?
what fees for filling the blocks do Satoshidice and Mt Gox pay?
Serious question because I am not smart enough to figure it out.   I assume since both of them are run by "huge supporters of bitcoin" that neither company would be a leech on the backs of the miners confirming all these transactions.


Title: Re: Dont play satoshi dice btw
Post by: stslimited on May 14, 2013, 04:24:47 AM
I can't tell what is more comical, the degenerate gamblers or the degenerate traders


sometimes I gamble with my dividends, the dividends come daily and the share prices still go up. winning. for now.


Title: Re: Dont play satoshi dice btw
Post by: Seal on May 14, 2013, 07:12:01 AM
Been mining for 2 weeks and just lost it all.

Fml.

I r twat.

The front page of satoshidice says guaranteed 98% break-even odds as one of their main marketing statements. I don't understand why people find it so hard to interpret the statement's real meaning:

Guaranteed 2% loss

And here's a quote from Warren Buffet:

Quote
On my honeymoon I traveled out west. When I visited the casino and saw all these smart well-dressed people participating in a game with the odds against them, it was then that I realised I won’t have a problem getting rich!


Title: Re: Dont play satoshi dice btw
Post by: TraderTimm on May 14, 2013, 02:13:58 PM
By the way, look who else uses the "Stress Testing" rationalization to be a profiteering douchebag - some kid running a DDoS service. Krebs has the low-down here:

https://krebsonsecurity.com/2013/05/ddos-services-advertise-openly-take-paypal/

"I was only stress-testing websites!" - DDoS Douchebag

"I was only stress-testing the blockchain!" - Satoshi Dice Douchebag

Seems he isn't the first scumbag to use that line - hilarious.