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Author Topic: Satoshi Dice....  (Read 3765 times)
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January 02, 2013, 11:18:20 PM
 #1

How is it possible that Satoshi D. has given away a million bitcoins so far ?


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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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January 02, 2013, 11:50:18 PM
 #2

How is it possible that Satoshi D. has given away a million bitcoins so far ?

Maybe because they've taken in 1.02 million BTC in wagers?
With 1.9% house advantage then just takewhatever the payouts are and multiple that times 1.02 to know roughly the amount of wagers.

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January 03, 2013, 12:26:26 AM
 #3

The house always wins..

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January 03, 2013, 01:40:19 AM
 #4

http://www.thebitcointrader.com/2013/01/bitcoin-gambling-site-earns-230000-in.html

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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January 03, 2013, 02:02:50 AM
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Almost as impressive as their earnings was the cost of their overhead, an astoundingly small 60 Bitcoins.

Imagine if their overhead were trimmed.
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January 03, 2013, 03:29:27 AM
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Almost as impressive as their earnings was the cost of their overhead, an astoundingly small 60 Bitcoins.

Imagine if their overhead were trimmed.

Haha, they really need to focus on some cost saving measures.

Seriously though, SD is a wonderful example of a service that leverages the properties of this payment network to really thrive. I can't wait to see what other imaginative ideas crop up as Bitcoin reaches more and more creative thinkers.
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January 03, 2013, 10:17:00 AM
 #7

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

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January 03, 2013, 10:35:04 AM
 #8


Which just goes to show: I have no friggin clue about how to make money on the internet.

This! Smiley


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January 03, 2013, 04:39:44 PM
 #9

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

This made me grin.

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January 03, 2013, 05:06:53 PM
 #10

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

If you started thinking outside the Sudoku grid, the opportunities are endless. Consider the image below. Create a gambling site where the user picks a number from one to ten. If their chosen number causes the corresponding digit to wiggle, they win. Even if they lose, they win by enjoying the wiggling of a digit. Addictive? Yes! Profitable? Yes! Weird? Yes! Hell, incorporate a girl's voice on the site like, "You were so close! Please try again, but this time it won't cost you anything, and you still can win your prize."

Or, each digit is assign a Bitcon address, and when you place your cursor on any digit, it wiggles. Tip the digit with a micro payment for the one you liked best. Don't forget to include sound associated with each digit: "Please save this digit for last, for it makes me sooooooooo..."



Hell, why have only one set of feet, when 100's would be better. Actual feet of real women giving each toe a voice. Then you'll have the toe of the day, week, month, year... determined by the micro payments transferred.

The girls would then have a link provided to their profile, and the resulting sites don't necessarily need to rated X.

You could name such a site...wait for it...Satoshi Toes (or Satoshi Digits).
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January 03, 2013, 05:59:29 PM
 #11

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

If you started thinking outside the Sudoku grid, the opportunities are endless.
Hey, that sudoku has had some bitcoin hidden in it for almost a year and no one has taken it yet! (it's not much though, don't get excited)

As for the toes... well, that's just... weird.

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January 03, 2013, 06:00:09 PM
 #12

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

I won 16 BTC on satoshidice and promptly used it to buy S.DICE stock.  Already made over 1 BTC on dividends.
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January 03, 2013, 07:42:46 PM
 #13

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

I won 16 BTC on satoshidice and promptly used it to buy S.DICE stock.  Already made over 1 BTC on dividends.


Nice move!

If only I could trade it, wait or even access my GLBSE deposits :/
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January 03, 2013, 09:31:34 PM
 #14

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

I won 16 BTC on satoshidice and promptly used it to buy S.DICE stock.  Already made over 1 BTC on dividends.

Probably the only parlay which makes sense.
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January 03, 2013, 11:29:20 PM
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every time i log into blockchain i always see the incoming and outgoing transactions of to the left and theres always a bunch of satoshi dice payouts/deposits
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January 03, 2013, 11:36:52 PM
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I won 16 BTC on satoshidice and promptly used it to buy S.DICE stock.  Already made over 1 BTC on dividends.

Haha how fortunes are made.

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January 04, 2013, 02:55:19 AM
 #17

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

If you started thinking outside the Sudoku grid, the opportunities are endless. Consider the image below. Create a gambling site where the user picks a number from one to ten. If their chosen number causes the corresponding digit to wiggle, they win. Even if they lose, they win by enjoying the wiggling of a digit. Addictive? Yes! Profitable? Yes! Weird? Yes! Hell, incorporate a girl's voice on the site like, "You were so close! Please try again, but this time it won't cost you anything, and you still can win your prize."

Or, each digit is assign a Bitcon address, and when you place your cursor on any digit, it wiggles. Tip the digit with a micro payment for the one you liked best. Don't forget to include sound associated with each digit: "Please save this digit for last, for it makes me sooooooooo..."



Hell, why have only one set of feet, when 100's would be better. Actual feet of real women giving each toe a voice. Then you'll have the toe of the day, week, month, year... determined by the micro payments transferred.

The girls would then have a link provided to their profile, and the resulting sites don't necessarily need to rated X.

You could name such a site...wait for it...Satoshi Toes (or Satoshi Digits).


what a big foot u are ?
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January 04, 2013, 04:01:59 AM
 #18

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

Most american citizens do not wish to break the law to make easy money. Gambling is a great example of how to make money in a shady way in the usa. As is selling drugs, fraud via ebay, insider trading, spam, etc... Actually making a product or service legally is much harder to succeed with. Go figure.

But if you do not give a fuck... There are a lot of options out there to make a fast buck.
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January 04, 2013, 12:09:44 PM
 #19

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

Most american citizens do not wish to break the law to make easy money. Gambling is a great example of how to make money in a shady way in the usa. As is selling drugs, fraud via ebay, insider trading, spam, etc... Actually making a product or service legally is much harder to succeed with. Go figure.

But if you do not give a fuck... There are a lot of options out there to make a fast buck.
I hadn't thought of SatoshiDice as an illegal service.  I don't know whether it is or is not.  Are you saying it is illegal because it is an operation based in a place where it is illegal to offer gambling products (I don't know where it's based) or that it is illegal because it fails to build fences to prevent those in nanny states from accessing its services?

If it is merely the latter it seems bizarre to me for anyone to equate the provision of such a harmless and fun service with fraud!

The history of gambling, especially I guess in the States* is rife with corruption and scams, much of which has been facilitated by political efforts to prohibit/control gambling supposedly to protect its citizens.  The beauty of Satoshi Dice to me is the simplicity and provably fair aspects.  As far as I can tell it doesn't get more honest nor simple than that.  If there was ever any justification for gambling laws to protect citizens from cheats etc. Satoshi Dice is to me proof that there is no more**.

* Bear in mind my impression is probably over-influenced by Hollywood!

** I haven't forgotten that some people are still steeped in a world-view that says if a book says something is immoral (regardless of whether the action can harm anybody other than the transgressor) then they have an obligation to prevent/prohibit/punish other people from doing it.  I'm not saying that attitude doesn't exist, just that I can't be bothered to acknowledge it in my considerations.
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January 04, 2013, 02:04:14 PM
 #20

I'm truly flabbergasted by how much money this is making.

And it happened right under my nose as I watched on.

Which just goes to show: I have no friggin clue about how to make money on the internet.

Most american citizens do not wish to break the law to make easy money. Gambling is a great example of how to make money in a shady way in the usa. As is selling drugs, fraud via ebay, insider trading, spam, etc... Actually making a product or service legally is much harder to succeed with. Go figure.

But if you do not give a fuck... There are a lot of options out there to make a fast buck.
I hadn't thought of SatoshiDice as an illegal service.  I don't know whether it is or is not.  Are you saying it is illegal because it is an operation based in a place where it is illegal to offer gambling products (I don't know where it's based) or that it is illegal because it fails to build fences to prevent those in nanny states from accessing its services?

If it is merely the latter it seems bizarre to me for anyone to equate the provision of such a harmless and fun service with fraud!

The history of gambling, especially I guess in the States* is rife with corruption and scams, much of which has been facilitated by political efforts to prohibit/control gambling supposedly to protect its citizens.  The beauty of Satoshi Dice to me is the simplicity and provably fair aspects.  As far as I can tell it doesn't get more honest nor simple than that.  If there was ever any justification for gambling laws to protect citizens from cheats etc. Satoshi Dice is to me proof that there is no more**.

* Bear in mind my impression is probably over-influenced by Hollywood!

** I haven't forgotten that some people are still steeped in a world-view that says if a book says something is immoral (regardless of whether the action can harm anybody other than the transgressor) then they have an obligation to prevent/prohibit/punish other people from doing it.  I'm not saying that attitude doesn't exist, just that I can't be bothered to acknowledge it in my considerations.

It is pretty simple to me. I do not want to end up in court or jail.
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