SatoshiDice Sold for $12.4 Million

[Kris]

https://bitcointalk.org/index.php?topic=101902.msg2751536#msg2751536
http://bitcoinmagazine.com/satoshidice-sold-for-12-4-million/

[ToaDy]

Congratulation, nice news for a bitcoin business!

[escrow.ms]

Damn, that's a pretty big amount. Shareholders will get profits

[greyhawk]

So who buys it? Is it a new bitcoin magnate named Eri Kvorhees?

[hivewallet]

Congratulations to Erik Voorhees and team!

[FeedbackLoop]

Don't you mean "sold for 126315 BTC" ?  

Also, my understanding is that the posted USD value is assuming the exchange rate at gox and assuming selling 126315 BTC would not affect the rate half way.

[Perseus353]

The question is whether, under new management, the site will remain the integrity of its code -- and keep it open source.

[LGT06]

Does the code really need to be open source if every transaction is verifiable?

[Perseus353]

Fair point. Transactions are verifiable -- and they can be aggregated and measured like dooglus does -- and that too reveals the integrity of the code.

But the popularity of the site really did in part derive from the integrity of the code, which was made open and verifiable.

If any of that would change -- even marginally -- it would surely be noticed, right?

[bozak]

Have the share holders already received the payouts?  From the original statement, I think the payouts should have already started.  Can anyone confirm receipt?

[countryfree]

I'm not sure it's good news satoshidice doesn't belong to the real economy. I'd rather wait for news from a dealer who would sell cars in BTC only. Still, it's an astonishing achievement. You could have bought several superb houses and many cars for that kind of money!

[CasinoBit]

I'm not sure it's good news satoshidice doesn't belong to the real economy. I'd rather wait for news from a dealer who would sell cars in BTC only. Still, it's an astonishing achievement. You could have bought several superb houses and many cars for that kind of money!

This, I wouldn't pay even half the amount for a business which could potentially crash tomorrow, or even worse, get wrecked by Gavin and other 3rd parties.

[giantdragon]

Very strange that someone paid so big amount for a business that lays in grey legal area. At any time (it is very naive to believe that it will never happens) govt can amend laws making Bitcoin gambling illegal which would mean lose 99% of the investment (going underground to TOR is not solution even to keep 10% of the current players IMHO).

[Perseus353]

Do we know anything about the buyer(s) ?

[vokain]

Do we know anything about the buyer(s) ?

more interestingly, not as far as I know

[Blackminer]

The other thread about this says it sold for 11.5m.

[greyhawk]

The other thread about this says it sold for 11.5m.

It depends on what bitcoin is currently worth, no? So it's 12 million now, 18 million in an hour or so and 5 USD 50 cents in 4 weeks.

[FeedbackLoop]

The other thread about this says it sold for 11.5m.

It depends on what bitcoin is currently worth, no? So it's 12 million now, 18 million in an hour or so and 5 USD 50 cents in 4 weeks.

You're greatly exaggerating Bitcoin's volatility.

That said I would prefer headlines like this in BTC.

[greyhawk]

The other thread about this says it sold for 11.5m.

It depends on what bitcoin is currently worth, no? So it's 12 million now, 18 million in an hour or so and 5 USD 50 cents in 4 weeks.

You're greatly exaggerating Bitcoin's volatility.

Actually I'm not. With Mt Gox not sending out any withdrawals for weeks now and them trying to claw back withdrawals that have already happened, with Robot Ver completely failing to meet his sales targets, with Avalon not delivering for weeks, with Bitinstant shutting down,  where do you think BTC will be in 4 weeks?

[Tschai]

This is now a mainstream (tech) news, see The Next Web:

And I consider this good news to the (gambling) bitcoin community!