Post
Topic
Board Gambling
Re: SatoshiDICE.com - The World's Most Popular Bitcoin Game
by
adaseb
on 18/01/2017, 00:01:28 UTC
He is not talking about that. I think he invested almost close to 100 BTC in the site, he didn't gamble with it.

What is going on with the site is very fishy like he mentioned before, some new players are winning over 600 BTC like that Underdog guy, Look at his stats.

I would be careful because this looks like another case of "Willy" bot like with Mt GOx. Basically he bets and losses but since he has unlimited income he can keep martingaling until he wins.

no one has unlimited income, unless you mean there's some exploit where he can bet any number no matter how high. Martingaling isn't a winning strategy even with 100 billion dollars.

what's really fishy about the site is they robbed me and at least 2 other high balance investors.

The WIlly bot wasn't an exploit, it was created by MtGox and its what actually caused price to spike all the way up to $1150 from $200 and causing the worse year for bitcoin in 2014.

If you have some free time read up on it. Basically the bot was coded so it could buy unlimited amount of BTC because he never actually had to pay for any of the BTCs to buy. This went on for months and months and I guess they got away with it since they were huge and most were HODLers who didn't withdraw Fiat until the crash in Jan-Feb 2014.

What is going on with Satoshidice seems very similar with those new accounts winning almost 1000 BTC.