Comment on Proof of Existence: Storing Hashed Files in the Bitcoin Block ChainparentComments−runn1ng12ySome people say that is exactly what SatoshiDICE is doing :)−eterm12yCan't satoshi dice minimise the impact by running deposit accounts?You deposit e.g. 10BTC then gamble it as you wish, and then each individual bet isn't on the block chain.Then when you're done you can withdraw BTC back out as you wish?This is how normal online casinos work because they don't want to handle lots of tiny transactions either.−zorked12yI think they either moved to off-chain transactions or will move shortly. I haven't heard much of Satosh Dice though, wonder if it's still as "important" as it once was.−runn1ng12yWelll.... this doesn't look well.https://satoshidice.com/
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Some people say that is exactly what SatoshiDICE is doing :)
Can't satoshi dice minimise the impact by running deposit accounts?
You deposit e.g. 10BTC then gamble it as you wish, and then each individual bet isn't on the block chain.
Then when you're done you can withdraw BTC back out as you wish?
This is how normal online casinos work because they don't want to handle lots of tiny transactions either.
I think they either moved to off-chain transactions or will move shortly. I haven't heard much of Satosh Dice though, wonder if it's still as "important" as it once was.
Welll.... this doesn't look well.
https://satoshidice.com/