SatoshiDice

SatoshiDice was a gambling website using 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$11.5 million at the time of the announcement.
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.
Name origin
The term satoshi, named after Satoshi Nakamoto, refers to the smallest unit of bitcoin, with value of 0.00000001 BTC. For certain transactions, the loser of a bet is paid "1 satoshi".
Offering
In August 2012, Erik Voorhees, founder of SatoshiDice, launched a "prospectus" for SatoshiDice, aiming to attract investors.

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