Ninjastic
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Board Gambling
Re: SatoshiDICE.com - The World's Most Popular Bitcoin Game
by
evoorhees
on 25/01/2013, 15:53:45 UTC
Quote from: kokojie on January 25, 2013, 02:57:09 PM
Quote from: Herbert on January 23, 2013, 10:42:05 AM
Quote from: zvs on January 23, 2013, 09:27:56 AM
How come there aren't like... five million copycat sites of this yet?  All I can think of is BTCDice and it doesn't even seem to work?
I think because it actually is harder to get it right than it seems. You need a deep understanding of the bitcoin protocol as most of the stuff you have to do is beyond the capabilites of the standard client. Besides BTCDice if I remember correctly I think there were one or two additional 1:1 copies that also went down quickly. And SDice will have forever the first-mover advantage, so any 1:1 copy will have a very hard time.

If you want to compete with SDice you have to differentiate, not just copy (which is what I am trying with bitbattle.me Wink).

Actually I don't think there's much of a first mover advantage, if a site copied SDice exactly (actually I prefer the old SDice interface, so copy that please), with a well known operator, has reasonable max bet (minimum 200 BTC at the top), and a slightly less house edge (like 1.7%). I'd switch to the new site in a heart beat.

Reducing the house edge, even down to something like 1.7%, adds significant new volatility risk for the house. Combine it with high max bets, and the house is liable to go bankrupt unless it has a very large bankroll.