0 hashes per second dogecoin reddit
28 comments
Bitcoin tlv 14 29eli bensassonzerocash
What no one can figure out: Is he a cheater, a genius, or the luckiest man on earth? This is almost certainly the biggest gambling win in Bitcoin history and, as of early Monday morning, Nakowa is still betting high. By Monday morning, Just-Dice. At the risk of making the understatement of the century, things soon turned around for Nakowa in a big way. Just-Dice boasts several major features that have made it very popular: Anyone can put money into the site for other players to play against.
Investors get to keep any profits and losses made on their Bitcoins. It means that players have a realistic shot of winning money. That fact alone gets more and more people betting their Bitcoins.
Over the long run, it means that Just-Dice can take even more money from the players. Perhaps Nakowa is a single individual with deep pockets. Many people know Bitcoin only for black markets such as Silk Road. The currency is often associated with illegal drug or firearms trade.
However, the currency has many other uses, including a multimillion-dollar-and-growing gambling industry. Today, there are dozens of active Bitcoin casinos. Gambling, which is legal online in much of the world outside of the United States, is already an enormous part of the overall Bitcoin economy. A Sunday night streak by Nakowa. The numbers on the right denote bitcoins won green or lost red.
In 10 seconds, Nakowa wins 1, bitcoins. He repeated that betting pattern throughout the weekend. Several other short, costly sessions took place over the weekend, the worst of which came on Sunday evening. The entire affair has left numerous investors and observers feeling dizzy and, often, suspicious.
By Friday, several investors tried to cut their losses by divesting their money and walking away. However, Just-Dice came under DDoS attack for several minutes, according to numerous witnesses, making it impossible for them to withdraw their money. One investor even started a Twitter account to alert others as to when Nakowa came online—they could recognize him by his uniquely big, rapid bets—so that they could try to divest while he was active.
Hopefully he will lose most of it back in time. Although multiple theories are being floated—has he figured out an exploit and hacked Just-Dice? Is he a Just-Dice employee essentially stealing money from investors? In fact, some investors are considering putting even more money into Just-Dice. Public records show that Nakowa received 4, bitcoins in July after his first round of gambles.
If and when Nakowa withdraws his winnings from Just-Dice in the near future, we will see it. I know I might fail, God bless me. He said he owns so many bitcoins because he bought into the currency early on in when they were cheap buys. After a 3,bitcoin win on in July , he took to the forums to explain the flaw he was exploiting, only to leave the forum with a meandering explanation containing factual errors.
Was the purpose of these posts to throw off observers? Does he want to look like a delusional, degenerate gambler to mask whatever he really is? Patrick Howell O'Neill is a notable cybersecurity reporter whose work has focused on the dark net, national security, and law enforcement. I am a cybersecurity journalist at CyberScoop. I cover the security industry, national security and law enforcement. The biggest Bitcoin win in gambling history. Has he simply figured the cybercasino out?
Others asked if it was possible to ban Nakowa. A few stood up against the idea. Nakowa loses bitcoins in 20 seconds on a bad Thursday run. On Saturday, Nakowa showed up on the Bitcointalk.
The question is, how does he do it? Patrick Howell O'Neill Patrick Howell O'Neill is a notable cybersecurity reporter whose work has focused on the dark net, national security, and law enforcement. Up next after the break: The filmmaker wore Glass to three different casinos to try to get kicked out.
Recommendations Donald Trump Apple vs.