Satoshi Dice – Bitcoin Wiki

Satoshi Dice (sometimes stylized spil SatoshiDICE) is a “blockchain-based betting spel” operating since 2012. Ter 2014, off chain session based bets were also made available.

Some consider it to be DDoS attack against the Bitcoin network since it is bypassing the built-in anti-DDoS features of Bitcoin (transaction fees). Others see it spil proof that the incentives created by the bitcoin transaction toverfee scheme do not produce the results originally expected.

Unlike traditional online gaming software, wagers with Satoshi Dice can be sent without access to the webstek strafgevangenis running any client software. To play, a Bitcoin transaction is made to one of the static addresses operated by the service, each having differing payouts. The service determines if the wager wins or loses and sends a transaction te response with the payout to a winning bet or it comes back a little fraction of the house’s build up to a losing bet. Spil a result, the spel spams the p2p network and blockchain with futile gegevens. Satoshi Dice coerces players to pay a transaction toverfee on each result so the spam will successfully flood both the p2p relay network and the blockchain.

There has bot the suggestion that the service might be also be used spil a mixing service, spil the composition of a wallet can be materially switched after running wagers through Satoshi Dice [1] . However this treatment could switch the makeup of the wallet, it does not reasonably serve the mixing purpose spil the coins returned te winning bets are tied to the coins from the wager transaction. The fresh session based spel may send back a balance from unrelated addresses that are not tainted to the deposit address. However taint can still be applied at a zometeen stage if switch from the untainted withdrawal is zometeen used together with the original deposit transaction.

There is no reason to believe that Satoshi Nakamoto has anything to do with this attack, other than the service choosing to include the noun Satoshi te the brand.

Satoshi Dice.com wasgoed announced on bitcointalk on April 24th, 2012, by its technicus, Eric Voorhees. A user of this wiki claimed that it is presently operated by and licensed under Costa Rica-based Blockchain Limitada. It is unclear whether Mr. Voorhees controls Blockchain Limitada. A google search for “Blockchain Limitada” yields no hits.

Satoshi Dice permanently blocked US players ter May 2013 citing potential legal concern.

Contents

Random Number Generation

To determine if a wager is a winner or loser, the webpagina uses a method to produce a number inbetween 0 and 65,535, similar to how a random number generator (RNG) would be used. The service uses a combination of the transaction hash from the wager transaction from the blockchain and performs a 512-bit SHA2 hash for that transaction hash using a secret unknown to the player. The very first four bytes of that hash become the fortunate number te determining winner or loser.

Each wager address has different odds, and each gives the house an edge of 1.90% (i.e., payouts are 98.1% when including the payout to the losing bets). The webstek shows the total list of wager addresses and odds.

Automated Betting

Some gamblers have built automated betting bot scripts employing the Martingale betting system and variants thereof [Two] .

History

Satoshi Dice wasgoed the brand given the service originally created by BitcoinTalk forum user FireDuck before selling the system to another technicus [Trio] . The service wasgoed announced on April 24, 2012 [Four] . Within weeks, the webpagina became responsible for more Bitcoin transactions than all other uses of Bitcoin combined [Five] .

Since August 20, 2012 some Satoshi Dice shares are traded [6] on the Romanian exchange verhoging MPEx under S.DICE symbol and paying monthly dividends.

1dice1e6pdhLzzWQq7yMidf6j8eAg7pkY, is a version-0 Bitcoin address. By sending coins to this address, one participates te Satoshi Dice’s “lessthan 1” gambling spel, which offers a 0.0015% chance to win 64000×, the original bet. Spil Satoshi Dice is fully automatic, transactions sent to this address will receive payment almost instantly after it is broadcast.

Spil with all Satoshi Dice betting addresses, this is a vanity address, specially generated to have a 1dice prefix.

Thus far, Satoshi Dice’s appeal has caused this address to be among the most-used addresses.

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