Topic: Please Explain Saratoshi Dice - page 2. (Read 1667 times)
If a single service is so dangerous that it will kill bitcoin with this blockchain inflation then bitcoin has serious flaws.
Remember, gambling is evil.
Remember, inflating the blockchain is evil.
(fixed)
Remember, gambling is evil.
1dice9wcMu5hLF4g81u8nioL5mmSHTApw (SatoshiDICE 73% )
2013-02-27 11:56:28
-0.0015 BTC
1dice9wVtrKZTBbAZqz1XiTmboYyvpD3t (SatoshiDICE 97% )
2013-02-27 11:54:01
-0.00051 BTC
min bet is 0.01btc
p.s. click on "Read this warning first" located right below step 3.
anyone know any good LTC gambling places?
I've played around with this briefly, but the system is designed for you to lose.
That would be true of all gambling businesses. They can't make a profit if they are designed for you to win.
I've played around with this briefly, but the system is designed for you to lose.
That would be true of all gambling businesses. They can't make a profit if they are designed for you to win.
I've played around with this briefly, but the system is designed for you to lose. Even if you win, on the lower risk bets, you lose because of transaction fee.
Its an elaborate delay-of-service attack, which you pay for in the time it takes to sync the bitcoin client for the first time, or when you need to get up to date after not running it for a while.
It is also responsible for 48% (and rising) of the total blockchain size right now. So when you play, you're actually harming yourself and other future bitcoin users.
Oh, and the creator(s) are totally aware of this, but think you dealing with it is a good thing.
Enjoy.
It is also responsible for 48% (and rising) of the total blockchain size right now. So when you play, you're actually harming yourself and other future bitcoin users.
Oh, and the creator(s) are totally aware of this, but think you dealing with it is a good thing.
Enjoy.
1dice9wcMu5hLF4g81u8nioL5mmSHTApw (SatoshiDICE 73% )
2013-02-27 11:56:28
-0.0015 BTC
1dice9wVtrKZTBbAZqz1XiTmboYyvpD3t (SatoshiDICE 97% )
2013-02-27 11:54:01
-0.00051 BTC
2013-02-27 11:56:28
-0.0015 BTC
1dice9wVtrKZTBbAZqz1XiTmboYyvpD3t (SatoshiDICE 97% )
2013-02-27 11:54:01
-0.00051 BTC
There are a LOT of Satoshi Dice transactions. It would be easier to look into what happened if you could offer the transactionID or Bitcoin Address that was used as the "input".
1dice9wcMu5hLF4g81u8nioL5mmSHTApw (SatoshiDICE 73% )
2013-02-27 11:56:28
-0.0015 BTC
1dice9wVtrKZTBbAZqz1XiTmboYyvpD3t (SatoshiDICE 97% )
2013-02-27 11:54:01
-0.00051 BTC
I placed 2 bets yesterday and got nothing back...
It's Satoshi Dice, not Saratoshi Dice
However much you want. The minimum is 0.01 BTC. The maximum is posted on the website for each of the odds.
The transactions are posted on the Satoshi Dice website along with an indication as to whether they won or lost. If you win, Satoshi Dice will send your winnings back to you, so you'll see a transaction from SatoshiDice coming back into your wallet with the winning amount. If you lose, Satoshi Dice will send 0.00000001 BTC back to you. When you receive that 0.00000001 BTC transaction you know that they processed your bet and that you lost.
They post the calculation used to compute winners and losers on the website:
Well, the odds are stacked in their favor, but they do tell you that up front (every single bet advertises a 98.1% expected return, that means in the long run you can expect to lose about 1.9% of the sum of all the winning and losing bets that you ever play). Is that stealing, or is it the price of entertainment? That really depends on your personal attitude towards gambling.
how much do I bet?
However much you want. The minimum is 0.01 BTC. The maximum is posted on the website for each of the odds.
How do you know if you won or lost...
The transactions are posted on the Satoshi Dice website along with an indication as to whether they won or lost. If you win, Satoshi Dice will send your winnings back to you, so you'll see a transaction from SatoshiDice coming back into your wallet with the winning amount. If you lose, Satoshi Dice will send 0.00000001 BTC back to you. When you receive that 0.00000001 BTC transaction you know that they processed your bet and that you lost.
They post the calculation used to compute winners and losers on the website:
Seems like they are just stealing our money right?
Well, the odds are stacked in their favor, but they do tell you that up front (every single bet advertises a 98.1% expected return, that means in the long run you can expect to lose about 1.9% of the sum of all the winning and losing bets that you ever play). Is that stealing, or is it the price of entertainment? That really depends on your personal attitude towards gambling.
Ok, so I understand most of it...
You go to the site.
Use one of the codes that randomly generates, and the odds of you winning should be written next to the code
That code goes into you blockchain account as an outgoing payment (here's my first question) how much do I bet?
Then once it sends off... How do you know if you won or lost... Seems like they are just stealing our money right?
You go to the site.
Use one of the codes that randomly generates, and the odds of you winning should be written next to the code
That code goes into you blockchain account as an outgoing payment (here's my first question) how much do I bet?
Then once it sends off... How do you know if you won or lost... Seems like they are just stealing our money right?
Jump to: