Re: SatoshiDICE.com - The World's Most Popular Bitcoin Game
I feel like right now is a real make or break moment for Satoshidice. They could refund the investors that were robbed, add 2FA and maybe work on a more fluid hot wallet, and be up there in contention for best dice site, not to mention the first. Or they could deny any responsibility for the robberies, never address the hot wallet, ignore everyone, get strongly branded as an outright scam, and fizzle out (or maybe just steal the rest and run/hide to avoid legal action).
I know which scenario I'm in favor of
They do not rob investors to refund them.I know which scenario I'm in favor of
I doubt they could be the best dice site with 1,9% house edge, while others offer 0,8% and without robbing, cheating, etc.
They can not avoid legal action, the laws are clear. But they likely will not face legal action, because of the mindset of the victims.
The house edge has nothing to do with the site.
I thought the site takes the house edge, surprised to hear that the house edge has nothing to do with the site.The reason why its losing profits is because gamblers are moving on to other website.
How many gamblers did they lose?They lose profit because new accounts register and win the same day 303 Bitcoin slots. Anyway, no one knows their profit, as there are no numbers available and they simply take Bitcoins out of the investor accounts and no one knows why.
I still don't know how the situation with these investors will play out, but its looks very fishy for these huge wins coming out of nowhere all at once.
As long as victims are not willing to initiate legal action, nothing will happen. They know the mindset of the victims and think they have nothing to fear.This is whats bad about Bitcoin. All the sites have to do is say "We were hacked- sorry" and our bitcoins are gone and nothing we can do about it.
It is only bad about Bitcoin if the site is anonymous and go shady. If the operator is known, like in the satoshidice scam case, then you can of course initiate legal action in Curacao.
No, they can not simply say "We were hacked- sorry". If they were hacked, they still owe you your Bitcoins. Furthermore, in Curacao all transactions have to be stored by law.