Will Satoshi Dice be a better investment than Bitcoin coming half year?

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: Rampion on June 14, 2013, 04:56:33 AM

Well, everybody is saying "no", shares are plummeting, but still SD counts for 50% of all the transactions in the network.

Great opportunity, I'm buying - does somebody know if I can buy avoiding MPOE?

Havelock investments sells SD shares... probably some kind of pass through thing... I am just learning about all of this recently.

Rampion

legendary

Activity: 1148

Merit: 1018

Well, everybody is saying "no", shares are plummeting, but still SD counts for 50% of all the transactions in the network.

Great opportunity, I'm buying - does somebody know if I can buy avoiding MPOE?

True___Blue

sr. member

Activity: 354

Merit: 250

Quote from: Crypt_Current on June 11, 2013, 07:30:50 PM

All that aside, unless you're prepared to legally defend your ownership in some court, the mathematically provable ownership of bitcoins trumps any shares of anything.

This makes a lot of sense. I too have been skeptical of any "shares" of bitcoin companies.

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

bump for more poll votes

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: BIGMERVE on June 11, 2013, 07:27:51 PM

Quote from: justusranvier on June 11, 2013, 06:56:41 PM

Quote from: BIGMERVE on June 11, 2013, 06:35:58 PM

Satoshi dice is a gambling website. It is subject to much more risk than bitcoins. The website can be taken down or hacked.

This is not true.

Satoshi dice is a service that operates entirely on the blockchain - the web site only serves the purpose of providing customers the list of 27 bitcoin addresses which make up the game, and taking down that web site would do nothing at all as far as stopping the service.

That list of 27 bitcoin addresses never changes so as long as the people who want to play have a means of getting that list the service can continue to operate. The server which actually processes the bets could be located anywhere in the world, only connect to the Bitcoin network via Tor, and be otherwise impossible to track down and take offline.

I understand your point, but as far as I know the satoshidice server is not connected via tor. Also the current owner is a somewhat public figure who can be traced. Yes it's possible to make satoshidice untouchable, but currently it isn't.

All that aside, unless you're prepared to legally defend your ownership in some court, the mathematically provable ownership of bitcoins trumps any shares of anything.

BIGMERVE

hero member

Activity: 728

Merit: 500

Quote from: justusranvier on June 11, 2013, 06:56:41 PM

Quote from: BIGMERVE on June 11, 2013, 06:35:58 PM

Satoshi dice is a gambling website. It is subject to much more risk than bitcoins. The website can be taken down or hacked.

This is not true.

Satoshi dice is a service that operates entirely on the blockchain - the web site only serves the purpose of providing customers the list of 27 bitcoin addresses which make up the game, and taking down that web site would do nothing at all as far as stopping the service.

That list of 27 bitcoin addresses never changes so as long as the people who want to play have a means of getting that list the service can continue to operate. The server which actually processes the bets could be located anywhere in the world, only connect to the Bitcoin network via Tor, and be otherwise impossible to track down and take offline.

I understand your point, but as far as I know the satoshidice server is not connected via tor. Also the current owner is a somewhat public figure who can be traced. Yes it's possible to make satoshidice untouchable, but currently it isn't.

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: Crypt_Current on June 11, 2013, 06:38:21 PM

Until one can prove ownership of shares and transact them without counter-party risk, I say "no" to OP question.

That would be great indeed!

justusranvier

legendary

Activity: 1400

Merit: 1009

Quote from: BIGMERVE on June 11, 2013, 06:35:58 PM

Satoshi dice is a gambling website. It is subject to much more risk than bitcoins. The website can be taken down or hacked.

This is not true.

Satoshi dice is a service that operates entirely on the blockchain - the web site only serves the purpose of providing customers the list of 27 bitcoin addresses which make up the game, and taking down that web site would do nothing at all as far as stopping the service.

That list of 27 bitcoin addresses never changes so as long as the people who want to play have a means of getting that list the service can continue to operate. The server which actually processes the bets could be located anywhere in the world, only connect to the Bitcoin network via Tor, and be otherwise impossible to track down and take offline.

kokojie

legendary

Activity: 1806

Merit: 1003

sdice is a good investment only if you expect BTC value to stay the same or drop.

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: BIGMERVE on June 11, 2013, 06:35:58 PM

No. Satoshi dice is a gambling website. It is subject to much more risk than bitcoins. The website can be taken down or hacked. Bitcoins cannot (for the most part).

I agree that the risks are much higher for Satoshi Dice than for Bitcoin, but if a much higher reward is also given than it's worth it.

I would also agree that on average Satoshi Dice cannot offer a higher reward than bitcoin, so on average I don't think it's a good speculation/investment compared to bitcoin.

Today however bitcoin just did an amazing run since January whereas Sdice did not. Sdice was a horrible investment compared to bitcoin and lost 3 quarters of it's value. I think chances are high for this to reverse. Bitcoin doing poorly this time while sdice going strong. I might be proven wrong. We will know at the end of the year.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Until one can prove ownership of shares and transact them without counter-party risk, I say "no" to OP question.

BIGMERVE

hero member

Activity: 728

Merit: 500

No. Satoshi dice is a gambling website. It is subject to much more risk than bitcoins. The website can be taken down or hacked. Bitcoins cannot (for the most part).

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

I think sdice will prove to be a better investment than bitcoins the coming half year, but I'm wondering how many people agree, disagree, are not sure, or don't care.

Current price of bitcoin: $108
Current price of Satoshi Dice: 0.0022 BTC per share ( x 100 million shares = 220,000 btc market cap)

Topic: Will Satoshi Dice be a better investment than Bitcoin coming half year? (Read 1210 times)