MegaDice
MegaDice (previously called SatoshiDice) is a gambling website which uses the digital currency bitcoin. In 2012, SatoshiDice was the leading bitcoin gambling site in terms of amount wagered.
On 18 July 2013, Erik Voorhees announced that SatoshiDice had been sold for 126,315 BTC, or US$12.4 million at the time of the announcement.
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Background
SatoshiDice launched in April 2012. As of January 2013, it had taken in approximately $15 million in bets. During 2012, SatoshiDice reported profits of over $500,000 in US dollars. However, in May 2013, SatoshiDice moved to block all US-based IP addresses, citing potential legal issues. In 2013 Satoshi Dice’s servers were based in Dublin, Ireland.
Offering
In August 2012, Erik Voorhees, founder of SatoshiDice, launched a “prospectus” for SatoshiDice, aiming to attract investors.
Satoshi Dice Tribute, Classic, legacy and Session Game
On October 31, 2013 the SatoshiDice Tribute game was launched, only to be shut down a month later after being plagued by slow performance, DDos attacks and other user-related issues. As of 2015, both the classic blockchain based game and a session game where players keep a balance at the site are available. A possibility for players to use their balance as part of the house bankroll was added in 2015.
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