21 Jul '13, 4pm

Bitcoin Gambling Website SatoshiDice Gets Acquired For $11.5 Million cc: @nikiscevak

Bitcoin Gambling Website SatoshiDice Gets Acquired For $11.5 Million Tags: Bitcoin , SatoshiDice SatoshiDice is a gambling website that has been acquired for $11.5 million by an undisclosed buyer. What makes this acquisition unique is that it was paid for using the virtual currency Bitcoin . SatoshiDice is a blockchain-based betting game where wagers can be placed without access to the website or running client software. To play a game on SatoshiDice, you use a static address opened by the service, each having a different payout. The service determines if the wager wins or loses and sends a transaction in response with the payout to a winning bet or it returns a fraction of the house’s gain to a losing bet. The website acts as a lucky dice game. Useds send their Bitcoins to the website and it picks a number. “The Ghost of Satoshi” rolls a number and people that selected a ...

Full article: http://pulse2.com/2013/07/21/bitcoin-gambling-website-sat...

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