Bitcoin gambling service SatoshiDice has been purchased by an anonymous source for 126,315 bitcoins (USD11.4m). The website, also known as S.DICE, was launched last year. The firm runs a gambling platform that involves users placing bets by sending bitcoins to an address. Once sent, a generator determines how much money is made or lost. SatoshiDice describes the system as trustworthy and nearly instant in payment.
SatoshiDice founder Erik Voorhees made the announcement on a message board in which he informed asset holders of a payout. Voorhees adds that the unidentified buyer will take over ownership, operations and management. He co-founded BitInstant and claims to store his assets as bitcoins.
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