MegaDice.com - Bitcoin Dice - Invest in Bankroll - Happy hour 0.5% House edge

[olushakes]

Wow, I am so happy with the analysis you have there, but I would like to ask what is the minimum investment amount to bankroll and also I want to ask of the commission paid will be added to the initial investment and by so that means compounding the investment? Response will be appreciated

[Invisible Hand]

Wow, I am so happy with the analysis you have there, but I would like to ask what is the minimum investment amount to bankroll and also I want to ask of the commission paid will be added to the initial investment and by so that means compounding the investment? Response will be appreciated

The minimum amount is 0.01. Commission is charged on sundays (they claim), and this does not go into the bankroll but rather to a pool of moey from with they can pay their costs, get rich etc.

[Invisible Hand]

Is it possible that Rakki N.V. never owned satoshidice.com domain in the first place? The domain leased out to Rakki N.V. who hosted the game with Satoshidice brand. Later the owner of the domain gets a better deal from bitcoinvideocasino, and Rakki N.V. moves out to a new domain with Megadice brand?

This is the best theory so far. It explains that there was no need to move the cold storage too.

[game-protect]

Is it possible that Rakki N.V. never owned satoshidice.com domain in the first place? The domain leased out to Rakki N.V. who hosted the game with Satoshidice brand. Later the owner of the domain gets a better deal from bitcoinvideocasino, and Rakki N.V. moves out to a new domain with Megadice brand?

This is the best theory so far. It explains that there was no need to move the cold storage too.

This theory is absolute nonsense, because the operator of the website needs to have access to the cold storage to pay larger wins and not the domain holder who lease it to the operator. Hence, an absolute brain wash theory!

[coinspiracy]

Is it possible that Rakki N.V. never owned satoshidice.com domain in the first place? The domain leased out to Rakki N.V. who hosted the game with Satoshidice brand. Later the owner of the domain gets a better deal from bitcoinvideocasino, and Rakki N.V. moves out to a new domain with Megadice brand?

This is the best theory so far. It explains that there was no need to move the cold storage too.

This theory is absolute nonsense, because the operator of the website need to have access to the cold storage to pay larger wins and not the domain holder who lease it to the operator. Hence, an absolute brain wash theory!

The theory was that the domain was never owned by the current smooth operators. Are you saying that the cold storage was handled by whoever had/has the satoshidice domain? Proof?

[adaseb]

Looking at
18e5jpfn9zo9GQov1Ks9Pzh6Yam2SvFqqo

It doesn't look like this is a multi-sig type of address. So it only has 1 private key and since it was used in the past by Satoshidice (old owners) and now its being used by Megadice (new owners) can't the old owner simply withdraw the BTC at any time of his choosing?

Why not just move everything to a new wallet?

[game-protect]

Is it possible that Rakki N.V. never owned satoshidice.com domain in the first place? The domain leased out to Rakki N.V. who hosted the game with Satoshidice brand. Later the owner of the domain gets a better deal from bitcoinvideocasino, and Rakki N.V. moves out to a new domain with Megadice brand?

This is the best theory so far. It explains that there was no need to move the cold storage too.

This theory is absolute nonsense, because the operator of the website need to have access to the cold storage to pay larger wins and not the domain holder who lease it to the operator. Hence, an absolute brain wash theory!

The theory was that the domain was never owned by the current smooth operators. Are you saying that the cold storage was handled by whoever had/has the satoshidice domain? Proof?

Yes, the owner and operator of the satoshidice.com domain must have handled the cold storage, because the operator has to pay possible huge winnings from the cold storage, because the operator has to refill the hot wallet from the cold storage, if required!

- If A) is owner of the satoshidice.com domain and leases it to the operator B), for what did operator B) pay $12 million?

- If operator B) leased the satoshidice.com domain, why would they invest time and money to make a foreign satoshidice.com domain more valuable?

- O.k., in the case of SatoshiDice, the operator destroyed the value of the domain. Why would the owner of satoshidice.com lease his very valuable domain to a foreign operator who then destroy the value of his domain?

Despite of all the above mentioned points, it does not make any sense that an online gambling operation lease a domain from a third party. The operator of a website would either buy the domain or pay for the redirected traffic to his own domain.

[ndnh]

Contrary to what you may think, Satoshidice is a very valuable brand.
This is certainly not because they 'want to get rid of SatoshiDice'.

How much is the value of the brand SatoshiDice? The most valuable part of a website only operation is the traffic to the domain and not the brand itself.

Why want Rakki N.V. no longer use the "very valuable brand" SatoshiDice and instead decided to put a lot of money and time in to introduce the brand MegaDice?

Are you able to understand that the brand SatoshiDice is gone? Only the domain satoshidice.com is left which redirect to bitcoinvideocasino.

By Satoshidice brand I mean the connected satoshidice.com domain privilege. Sorry for the confusion there.

Rakki N.V. no longer uses the "very valuable brand" because Rakki N.V. no longer owns the satoshidice.com domain because "The owners of SatoshiDice.com had other plans for SatoshiDice.com".

Until we get some input, we can take Megadice, satoshidice.com and bitcoinvideocasino to be different entities.

SatoshDice and MegaDice has the same operator and is therefore the same entity!

I mean satoshidice.com not SatoshiDice.

If MegaDice is a new operator/entity and they want to take over the satoshidice.com domain, then they logically want to redirect satoshidice.com to megadice.com

If MegaDice finds it expensive to take over the satoshidice.com domain?

If MegaDice is a new operator/entity and only want to use the SatoshiDice software but not the domain, they would create their own company to run MegaDice. They also would not want to use staff from SatoshiDice who destroyed the brand.

There is no reason why they should not use the same company or hire the same staff.

If MegaDice is SatoshiDice, then everything makes sense:

There are quite significant changes that support the possibility of a change in ownership/management.

The ownership of Rakki N.V. did not change!

Source?

Curacao Chamber.

http://www.curacao-chamber.cw/services/registry/search-company

But how did you establish the ownership did not change

Is it possible that Rakki N.V. never owned satoshidice.com domain in the first place? The domain leased out to Rakki N.V. who hosted the game with Satoshidice brand. Later the owner of the domain gets a better deal from bitcoinvideocasino, and Rakki N.V. moves out to a new domain with Megadice brand?

No, most part of the $12 million SatoshiDice purchase was paid for the traffic to the domain satoshidice.com. Therefore, we can exclude that the domain was leased.

If the brand SatoshiDice would be the valuable part, then bitcoinvideocasino would have changed its name to SatoshiDice instead of forwarding the traffic from the domain satoshidice.com to bitcoinvideocasino.

That makes absolutely no sense lol!

Is it possible that Rakki N.V. never owned satoshidice.com domain in the first place? The domain leased out to Rakki N.V. who hosted the game with Satoshidice brand. Later the owner of the domain gets a better deal from bitcoinvideocasino, and Rakki N.V. moves out to a new domain with Megadice brand?

This is the best theory so far. It explains that there was no need to move the cold storage too.

This theory is absolute nonsense, because the operator of the website need to have access to the cold storage to pay larger wins and not the domain holder who lease it to the operator. Hence, an absolute brain wash theory!

I really have no idea what you are talking about.

[ndnh]

Domain leasing is possible.
Source : https://www.godaddy.com/community/Managing-Domains/Is-Domain-Name-Leasing-possible/td-p/6854

Did the ownership change?

Yes. SatoshiDice.com owner had other plans for the domain.

Implies someone else owns satoshidice.com at the moment.

Do the Megadice team and the old Satoshidice team have people in common?

Yes. The megadice team have hired some members as well as additional personel to improve player experience and support

Implies some Megadice staff were Satoshidice staff. That is expected.

What is your relations with Bitcoinvideocasino?

No relation. MegaDice has no connection with Bitcoinvideocasino

Implies someone else owns satoshidice.com at the moment.

Who owns Satoshi Circle?

This is for the owner of Satoshi Circle to declare. However, we can say MegaDice are not involved in Satoshi Circle.

Implies someone else owns Satoshi Circle at the moment.

Why are you using the old cold wallet address if you are the 'new' owners? (or did you have their private keys all along? )

Cold storage and accounts were moved and are now exclusively managed by MegaDice. The old cold storage is used because we want to demonstrate that the accounts and cold storage remain uncompromised.

Implies the person who had control of private key of the Satoshidice cold storage is part of Megadice (or the team is stupid)

Hey adaseb! MegaDice is a separate entity to SatoshiDice.

Implies there was some change in ownership of the game software.

[ndnh]

Is it possible that Rakki N.V. never owned satoshidice.com domain in the first place? The domain leased out to Rakki N.V. who hosted the game with Satoshidice brand. Later the owner of the domain gets a better deal from bitcoinvideocasino, and Rakki N.V. moves out to a new domain with Megadice brand?

This is the best theory so far. It explains that there was no need to move the cold storage too.

A different but possible theory:

Derik owns the satoshdice.com domain and the Satoshidice game through Rakki N.V. and also controls the cold storage.
Derik needs $$$.
Derik sells the domain to bitcoinvideocasino which plans to gradually rebrand itself to use satoshidice.com
Derik sells part of his stake in Rakki N.V. to Merick (who wants to turn Satoshidice to a competitive casino with 0.9% dice and many slot games) while retaining the cold storage keys.
Derik and Merick launches Megadice.

[game-protect]

I really have no idea what you are talking about. Cheesy

You are not able to understand that the operator of a gambling website has to pay out the winnings and refill the hot wallet?

No wait, the domain owner has to process the Bitcoins, not the operator, according to your brain wash theory!

Implies the person who had control of private key of the Satoshidice cold storage is part of Megadice (or the team is stupid)

What is MegaDice?

Implies there was some change in ownership of the game software.

Who is the owner of the game software?

Implies someone else owns satoshidice.com at the moment

Who owns satoshidice.com at the moment?

But how did you establish the ownership did not change Huh

How did you establish that the ownership changed?

I mean satoshidice.com not SatoshiDice.

O.k., how much is the value of the according to you very valuable satoshidice.com domain?

There is no reason why they should not use the same entities company or hire the same staff.

You want to brain wash that different entities use the same company and stuff?

Based on what is it a different entity then?

In online gaming, everything is focused on the operator, the license, managing director, etc. Same operator = same entity, simple!

[adaseb]

I am pretty sure the domain is more valuable in itself since the site. So whatever site Satoshidice.com is forwarded to will automatically get free traffic since its well known since 2012 or so.

It was even featured in a few Bitcoin documentaries because it was known as being the largest Bitcoin site to ever go on sale.

[game-protect]

I am pretty sure the domain is more valuable in itself since the site. So whatever site Satoshidice.com is forwarded to will automatically get free traffic since its well known since 2012 or so.

It was even featured in a few Bitcoin documentaries because it was known as being the largest Bitcoin site to ever go on sale.

Of course was the domain the more valuable part! For what would they have paid $12 million if the domain was leased?

But unfortunately, the domain was the more valuable part, as it is in free fall recently!

Alexa Global Rank: 436,716 - 121,621 = 40% down within 3 months!

[coinplus]

I can’t believe these are going on with satoshidice brand.

Considering how this was Vorhees’s baby and brought in so much Money and even correlated with blockchain.info in the website.

Considering it was sold for a huge amount and the the new owners was alright at the beginning (however I was only interested like in the first couple of days). It is such a shame these are going on with such a great quality brand once upon a time.

[adaseb]

I can’t believe these are going on with satoshidice brand.

Considering how this was Vorhees’s baby and brought in so much Money and even correlated with blockchain.info in the website.

Considering it was sold for a huge amount and the the new owners was alright at the beginning (however I was only interested like in the first couple of days). It is such a shame these are going on with such a great quality brand once upon a time.

Honestly my guess is that the owner that bought Satoshidice is some early early bitcoin adopter who probably owns like 100,000 BTC and he bought it purely for fun. Had no incentive to build it up to compete with sites like PrimeDice and just let it go downhill.

Now sold the domain for fractions of what he paid for.

[RocketSingh]

This is satoshidice.com rebranded?

Satoshidice.com is now forwarded to bitcoinvideocasino.com/dice. Am I missing something?

[game-protect]

This week's commission has been processed and here's the list of the 30 largest backers:

No.	Backing Amount	Current profit	Bankroll percentage	No.	Backing Amount	Current profit	Bankroll percentage
1.	49.83804395	2.14034107	11.00%	16.	9.82337901	-0.17662099	2.14%
2.	35.66348329	1.64920897	7.75%	17.	8.69870819	1.39870819	1.93%
3.	35.23173244	1.46522683	7.34%	18.	8.27989407	0.27989407	1.77%
4.	34.02538687	2.61941239	7.29%	19.	7.37725063	0.00251267	1.58%
5.	21.55514568	-0.00000099	4.61%	20.	6.75323169	0.83523169	1.50%
6.	20.57780587	0.57783363	4.28%	21.	6.51800148	0.01800148	1.39%
7.	18.52022334	0.61980814	4.01%	22.	6.35962373	0.36472845	1.36%
8.	17.37099271	5.49577662	3.75%	23.	6.09242837	0.07980246	1.30%
9.	16.26275809	0.50103596	3.59%	24.	5.11780230	0.21371583	1.09%
10.	15.41276244	0.41276244	3.21%	25.	3.89862984	0.11482984	0.84%
11.	15.59345484	6.49895521	3.33%	26.	3.04338889	0.05339524	0.65%
12.	13.37477710	0.37497453	2.96%	27.	2.90406558	0.03328465	0.61%
13.	11.83959738	3.35268480	2.53%	28.	2.60344173	-0.00920285	0.58%
14.	11.44503395	-0.00000052	2.45%	29.	2.57920127	0.57920127	0.57%
15.	10.32293863	0.32313863	2.15%	30.	2.47884783	0.47884783	0.53%

I am not able to understand your chart:

What does current profit mean? Profit for the current week or profit since launch?

Also, some investors made a profit and others lost. Is this because investors can now select between dice and slot investment?

Curiously, the losses are all very small and profits are huge, but statistically the losses could be also huge and profits small within a short period!

[ndnh]

This is satoshidice.com rebranded?

Satoshidice.com is now forwarded to bitcoinvideocasino.com/dice. Am I missing something?

As of now, satoshidice.com (domain) has nothing to do with megadice.

We don't know if Megadice is Satoshidice rebranded or Satoshdice game software sold.

Note that Megadice uses the same Satoshidice cold storage.

[MegaDice]

This week's commission has been processed and here's the list of the 30 largest backers:

No.	Backing Amount	Current profit	Bankroll percentage	No.	Backing Amount	Current profit	Bankroll percentage
1.	49.83804395	2.14034107	11.00%	16.	9.82337901	-0.17662099	2.14%
2.	35.66348329	1.64920897	7.75%	17.	8.69870819	1.39870819	1.93%
3.	35.23173244	1.46522683	7.34%	18.	8.27989407	0.27989407	1.77%
4.	34.02538687	2.61941239	7.29%	19.	7.37725063	0.00251267	1.58%
5.	21.55514568	-0.00000099	4.61%	20.	6.75323169	0.83523169	1.50%
6.	20.57780587	0.57783363	4.28%	21.	6.51800148	0.01800148	1.39%
7.	18.52022334	0.61980814	4.01%	22.	6.35962373	0.36472845	1.36%
8.	17.37099271	5.49577662	3.75%	23.	6.09242837	0.07980246	1.30%
9.	16.26275809	0.50103596	3.59%	24.	5.11780230	0.21371583	1.09%
10.	15.41276244	0.41276244	3.21%	25.	3.89862984	0.11482984	0.84%
11.	15.59345484	6.49895521	3.33%	26.	3.04338889	0.05339524	0.65%
12.	13.37477710	0.37497453	2.96%	27.	2.90406558	0.03328465	0.61%
13.	11.83959738	3.35268480	2.53%	28.	2.60344173	-0.00920285	0.58%
14.	11.44503395	-0.00000052	2.45%	29.	2.57920127	0.57920127	0.57%
15.	10.32293863	0.32313863	2.15%	30.	2.47884783	0.47884783	0.53%

I am not able to understand your chart:

What does current profit mean? Profit for the current week or profit since launch?

It's the all time profit of the account. I have updated the script to say "All Time Profit" in future posts.

Also, some investors made a profit and others lost. Is this because investors can now select between dice and slot investment?

No. It depends on when they put their bankroll bets and their share of the bankroll at the time of large fluctuations. Some choose to increase their bankroll bet when a high roller is active in order to maximise their potential profits and some do the opposite in order to decrease their risk.

Curiously, the losses are all very small and profits are huge, but statistically the losses could be also huge and profits small within a short period!

Indeed. Among the 30 biggest backers, almost all have been in long enough to make a profit.

[game-protect]

Thank you for clarify with "All Time Profit"

Curiously, the losses are all very small and profits are huge, but statistically the losses could be also huge and profits small within a short period!

Indeed. Among 30 biggest backers, almost all have been in long enough to make a profit.

How long is been in long enough?