What happened to SatoshiDice

[dantee1]

I am just hearing about the site, haven't even visited it for the first time. I believe maybe they ran into some problem running it, or they have made their money back and decided to go underground. I don't see anyone investing 11million USD and just go like that without recouping their investment.

Running a casino business is by no means an easy task

[noormcs5]

There are bigger and better casinos these days that put them out of the market

The new management did not care about the development and promotion of the site and this lead to the downfall of it.

Competition just killed them. If I am not wrong they were sold for like thousands of bitcoin at the first time and that created a huge news cycle where a business on bitcoin worth that much, nowadays we get that type of valuations and mergers or acquisitions all the time but it was the first time. After websites like primedice and others came up satoshidice were just old style and stopped getting attention.

That's right, dude. Their site began to be abandoned after emergence of gambling sites with a new style and which is clearly much better than SatoshiDice.com. After site was sold, developer did not provide a very good development and lack of development of features so they were abandoned until stalled. No one has developed it until now.

The site is still live but i never played on there in recent times. I wonder if they still active and givings withdrawals ?
Anyone who is active there may tell us the present condition.

[Spaffin]

When the SatoshiDise was created, the competition was still weak or practically absent, but today no other trend should have been expected, because the user will always choose the best.

[adaseb]

Anyone who is active there may tell us the present condition.

Well since the site went completely on-chain for the bitcoin cash network you can easily see that its still a little active and pays out. Basically people make a bet by sending a transaction and when that transaction gets hashed and included in a block it uses the hashed transaction id and that is how it determines the winning roll.

Its a great way to do provably fair because its cheat proof however its really unncessary since requires users to send an actual transaction. The BCH network usually accepts free transactions so its not an issue but its a pain if you keep most of your coins in a ledger or cold storage because its alot of manual work just to make 1 bet. The way they had it before was better. You made a deposit, made some rolls and then made a withdraw.

It would be impossible to do thousands of rolls this way.

[ashmodeus]

well well,
last time i hear about satoshidice about 3 or 4 years ago.
and now they fully BCH bet. no wonder,considering btc have a slow transaction speed,people must be boring to wait it.
but,well .
i just have some speculation,gambling like this will be gone as time goes.
ok about their system its really fair,but they will forgotten by new system of gamble such as online casino or new gambling created by smart contract.
like trend on nowdays,its came from EOS and Tron Blockchain,they offered many many features on their casino, and i played sometimes.
and also they have a interest to who hold their shares and paying dialy or weekly.
i am not offering it but as we can see , Public interest in traditional games has gone.

[el kaka22]

last time i hear about satoshidice about 3 or 4 years ago.
and now they fully BCH bet. no wonder,considering btc have a slow transaction speed,people must be boring to wait it.

The reason they moved to BCH instead of BTC is not just the speed, it is probably siding with the miners which tells us that maybe the new owners have a mining operation as well. If you want to keep the waiting time to minimum you could easily just pick up off-chain and you can continue to exist just like all many other dice websites.

There is really no on-chain dice website that I know that made it big since the off-chain system started to work, it was first just-dice if I am not wrong that started the off-chain and with that we started an era of people just putting their money into the casino and gamble and whenever they feel like they had enough they withdrew their money.

Unfortunately, satoshidice just didn't care and didn't want to work on it and just wanted to reep profits and they got in at the very wrong time when they bought the website.

[Upgate]

Back in time the land scale used to be favourable for any project the enthusiasm was at red hot level as things goes by the feeble did not stand much chance. So that is satoshi dice I absolutely had no memory of it did not meet up with time

[imstillthebest]

last time i hear about satoshidice about 3 or 4 years ago.
and now they fully BCH bet. no wonder,considering btc have a slow transaction speed,people must be boring to wait it.

The reason they moved to BCH instead of BTC is not just the speed,

not just speed but also bch tends cost lesser as when compared to btc  in terms of transaction fees  however there are people that will only prefer to use btc over bch becaus btc is more accesible  .

 anyway , i do heard the site satoshidice before but i didnt know that they are good because i see that some users here were still missing this site  . lets just hope that theyl soon return and sort out all the issue's that they face  .