Hey Nak, what happened to that 1000 bitcoin from the lets-dice wallet?

http://blockchain.info/address/1LDipoYVWA7UsFzWrrcXUGLnsXWuYaJB9f

Well it seems he has taken 1,000 bitcoin from lets-dice.

The thing is, look at those outputs, all those coins that have left that address probably have came back again thus inflating the amount of unique coins.

We can safely assume that between 100,000 and 200,000 unique coins have been wagered/involved with Just-Dice thus around 1% of all Bitcoins in existence.

Also in a few months the amount wagered will be more than 12,000,000 bitcoins.

EDIT 2: however mechs, this is an interesting discussion about bitcoins current main uses. Which are gambling and drugs at the moment. We do need the legitimate uses to eventually out pace the other stuff for people to take bitcoin seriously.

Is that the investment address?

Anyway you can still bodge those numbers on blockchain. I have an address somewhere with over 10,000 bitcoin received. Again I have no where near that amount. If you withdraw to block chain and deposit back to Just-Dice again then it will add total received to that number.

So I am probably quite close considering the total amount must be lower than the amount reported on that address.

EDIT: also look at one of S.Dice addresses http://blockchain.info/address/1dice8EMZmqKvrGE4Qc9bUFf9PX3xaYDp I doubt a million unique bitcoins have run throught that one.

To determine actual unique amount of coins wagered you would have to do full taint analysis on every transaction. And even then that can never be 100% accurate.

Unique coins wagered is far far smaller than the wagered amount shown. I had a few accounts at one point wagered almost 5,000 bitcoin and I have nowhere near that amount.

I would estimate that 95% of the total wagered is reused coins.

Perhaps 100,000 unique coins have gone through the site, and that is an extremely optimistic estimate.

Beware the approaching lock! Its eating accounts one by one! Sell before its too late!

Which indicates an unstable hashrate that points towards their own miners. This is a good thing because we can scale our own miners. We can't scale Avalons.

Ow, right after that the share price is rocketing upwards. We will pass IPO in a matter of minutes. Confidence has been restored.

If they were using Avalons they wouldn't have fallen below 800GH/s.

Yeah, but it represents a 400GH/s amount from someones analysis earlier, It suspiciously fell after dividend day.

We need at the most worst case minimum 1TH/s.

Two uncertainties: Does the hashrate go above 1TH/s at least, and can they get onto Bitfunder or Havelock?

Because no hash over 1TH/s and direct shares then this stock is worth nothing at all.

They need to talk to us, the hash rate needs fixing and we need an exchange ASAP.

On one hand I think cheap shares, on the other hand I'm a big enough bagholder already...

Not sure if serious...

I think Labcoin should be listed on https://796.com/ to see how it goes. If Labcoin proves themselves then a listing on Bitfunder at a later date would be satisfactory.

But I agree Ice, listing on Bitfunder this soon will call to question the integrity of all assets on Bitfunder.

I still hold Labcoin and want those 20TH/s but things are looking really bad and I would rather hedge myself with my other holdings on Bitfunder. If Labcoin moves to Bitfunder and they close up, my hedge doesn't work.

The investors that whine really annoy me.

All these people came, diluting our investment and expected an constant risk free return. Very annoying. I expected swings like this where I could lose 20% in a day. I have made a lot of money off of Just Dice as an investor.

However this investment got worse and worse returns because of all these people who had NO idea what they were getting themselves into.

I have revised my thoughts on the matter.

Max bet should be 0.5% or 1% no lower, and investors can leave their coins with dooglus, any investors too scared of dooglus they can invest elsewhere and let us risk takers play this game.

To be clear: Why should we nanny and cater to those who want secure, safe, happy, comfortable high returns? Why?

Let the scared little hands leave. Please.

Well this puts an end to all the bragging about MPEx being the only Bitcoin service never to suffer a security breach.

Wow, I have been at uni a lot recently and not been keeping track. What is going on? How did Labcoin drop below IPO and sustain that drop?

I'm here.

You are right about that. Thanks for a reasoned reply Crumbs