I'm really curious who the buyer was
Topic: SatoshiDice Sold for $12.4 Million (Read 3390 times)
I'm really curious who the buyer was
Quote from: The Next Web link=http://thenextweb.com/insider/2013/07/19/first-major-bitcoin-acquisition-sees-gambling-site-satoshidice-sold-for-11-5-million/
US authorities have taken a closer interest in Bitcoin this year, including an investigation into Mt. Dox, the world’s largest Bitcoin exchange. Officials seized Dwolla’s payments to and from the service in May for conducting “unlicensed money transmitting”.
I like "Mt. Dox"
Why would BitInstant shut down? They're market leaders ....
Not anymore they're not.
https://www.bitinstant.com/
That's one of the vaguest statements I have ever read. What the hell was wrong with what they were doing?
No idea, I'll just assume they ran into trouble with the men with the hurty sticks and the badges.
So say they had issues with that (don't say better customer experience ffs
. They should try to collaborate with Western Union. They are (and will continue to be) market leaders because they have so many licenses.
Why would BitInstant shut down? They're market leaders ....
Not anymore they're not.
https://www.bitinstant.com/
That's one of the vaguest statements I have ever read. What the hell was wrong with what they were doing?
No idea, I'll just assume they ran into trouble with the men with the hurty sticks and the badges.
Why would BitInstant shut down? They're market leaders ....
Not anymore they're not.
https://www.bitinstant.com/
That's one of the vaguest statements I have ever read. What the hell was wrong with what they were doing?
Why would BitInstant shut down? They're market leaders ....
Not anymore they're not.
https://www.bitinstant.com/
Why would BitInstant shut down? They're market leaders ....
Robot Ver - I don't even know who they are, what they do
I'll assume you haven't seen the video where Mark Karpeles held a gun to Roger "bitcoinstore/memorydealer" Ver's head while Ver did a Commander Shepard?
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?
I think you overstate the effect of those events.
Robot Ver - I don't even know who they are, what they do
Avalon - doesn't really matter, they had limited supplies since they started (300pcs for batch 1?). There are competition though with BFL, asicminer and the other new companies developing asics so the future is bright.
Bitinstant - again, it affects only a portion of bitcoin users
This is now a mainstream (tech) news, see The Next Web:
And I consider this good news to the (gambling) bitcoin community!
And I consider this good news to the (gambling) bitcoin community!
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?
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.
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.
The other thread about this says it sold for 11.5m.
Do we know anything about the buyer(s) ?
more interestingly, not as far as I know
Do we know anything about the buyer(s) ?
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).
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.
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!
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