So if you release 1000, buy 501 yourself.... no worry about paying?
I don't follow your logic. Pay what? People could get authorized to get actual US dollars from you somehow but only in lots of 500 or more? If you issued only 1000 then you could (via and agent or other account perhaps) buy up 501 leaving only 499. You would make about 500 dollars and never have to do anything and never technically breach anything either. |
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Thank you for sending 0.20BTC to [address]! You have won 0.40BTC! Payment will be sent to [address] after 2 confirmations.
How about not waiting for confirmations, but using the output of the transaction I paid you with as an input of your payment to me. Then you can do fast payouts like a little-known dice game does. That might happen eventually, but I'm not sure what/how modifications need to be made to send 0 confirm inputs and to select coins. For now I dropped it to 1 confirm though. |
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I know there is demand for this type of thing, a good solution could bring lots of action.
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So if you release 1000, buy 501 yourself.... no worry about paying?
It's nice that there is no fee for 3 months, but as when/if as you announce the fee the people holding will take the hit since the value will reflect it pretty quick. So it seems better to decide up front.
This might not be technically feasible, I don't know. But if you (or someone else wanting to) used a bot to always maintain a bid of say 95 cents worth of bitcoin covering all outstanding shares could that avoid the issue of actually sending dollars and also serve as a fee?
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Dimes coming to you and the 3400 guesser!
Received. Thanks. Exactly covers my two losing bets.  Let me see about the remembering.
I'm using Chromium 18.0.1025.151 (Developer Build 130497 Linux) Ubuntu 12.04 if it's important. Usually input fields automatically keep a history of what I've typed into them, but the wallet address one doesn't. The 'Subject:' box at the top of this page I'm using to compose the message, for instance, if I blank it out and type 'R', I get a big list of previous subject lines I replied to. Right, I know what you mean. I thought browsers did it on their own (it seems they even do it cross sites sometimes right?) but I guess it needs to be enabled. Me or notme will straighten it out. :-) |
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I went to bet 40 BTC to win 42 BTC (then changed my mind before submitting).
"You have a 85.87% chance of winning. In order to win, your guess must be within 4294 of our chosen number."
If I guess 4294, then everything from 0000 to 8588 is within 4294 of my guess. That's 8589 winning guesses out of 10k, or 85.89%.
You report 85.87%, which makes me think that you're not counting 0 and 8588 as being winning numbers. That's going to piss somebody off one day...
Either that or the displayed percentage is just a little out.
Hmm, let me investigate. |
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It just told me: "Hash or timestamp has been tampered with. To keep things fair, games are only valid for 2 minutes, please generate a new hash." I didn't tamper with anything. I did hang around longer than 10 minutes though, looking at the odds it offered me. I'm guessing the 2 minute limit is to prevent me brute-forcing the hash to find out what the number is. How about making the 'junk' an extra character or two longer, and having the games valid for an hour instead. 2 minutes arguably isn't long enough for a new user to find their wallet address, copy it into the form, get familiar with how the site works, decide what numbers to type into the boxes, etc. And instead of making me click a link to "generate a new hash", how about just generating a new one right there and then. Also, I keep having to re-type my wallet address. The input field isn't remembering the one I used last time, like input fields usually remember things. I keep having to go back to my wallet and copy/paste it each time. Oh, and where's that dime you promised me?  Dimes coming to you and the 3400 guesser! Yeah, I will increase it, I think 15 min for now. I can't just make a new hash silently since that would defeat the promise, I think there has to be notification/action. Let me see about the remembering. |
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I'm not sure about having the odds get worse the more I bet.
That encourages me to split my bet into 10 smaller bets to get better odds.
I slide the fee like that so I can offer larger wagers than I'd want to take if the fee was flat. Splitting your bet up does help me since you are not likely to win (or lose) them all and so my variance is less and I can invest less capital. When I load up the wallet everything should be about 10x bigger (and maybe more later on). Meaning 10x higher caps and the same odds for 10x higher wagers than currently. Hopefully in less than a day. |
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The (?) after the hash at the bottom of the page is underlined, making it look like it is a hyperlink. That caused me to click on it, which in turn prevented the tooltip from popping up.
It appears that I'm meant to just hover over it, not click it. Removing the underline would help prevent people clicking on it I think.
The string that was hashed for me was: bw4lv6Q8B52012-06-11 23:56:548930
I would suggest putting spaces in there between the junk, the date, and the guess, just to make it more legible. Thanks dooglus. Keep it coming. |
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It would be nice to have email notifications when a show is happening not going to happen prior to verified accounts. else the leaked emails will soon all be receiving newsletters. RSS feed maybe? |
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I just changed it to say, "After you pay, click here to see if you won!"
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I'm assuming I didn't win? How do I get notified of a win/loss?
A few seconds after you pay, click the refresh link. |
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Uh-oh. I'm pretty sure I bet on the number being 6000, but I'm not positive. Me and my memory, I tell ya  Sent coins to 13e8q1PtDNAXPGci7v5Jpz53FXLEwY5RTV and the hash of the bet was d8212b6ef695128b4014910df1e632706279bb22ac5b769f0876a0343f5e8346 Cool, sent a dime. |
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Bump for the free dimes offer.
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Looking to borrow GIGAMINING and BITBOND bonds.
Paying double the divident as long as I keep the bond.
Thanks.
Are you planning to flip fast and pay 0 or 1 dividend or are you willing to commit to some longer amount of time? |
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Okay, I've sent the wallet to an undisclosed user and hope to hear back soon.
You could have had that user publicly accept responsibility. I would if it was more than 10 BTC. But, it's all good and the Bitcoins got transferred without any problems. That user may post a reply and I will give them credit for helping. Ah, that's nice. |
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Okay, I've sent the wallet to an undisclosed user and hope to hear back soon.
You could have had that user publicly accept responsibility. |
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Congratulations FZB!
Does anyone want to loan me some shares?
Is this appropriate to discus here?
you are shorting? Yes, I borrowed some shares and I've sold some of them. |
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I don't care much for the word 'fair' either. But if you were to place all the various systems in order from fair to unfair, Bitcoin is pretty much the fairest. It always makes the same offer to everyone and the way that offer might change is made as explicitly clear as anything in the world. I mean the 'interpretation' and enforcement of the rules is done by computers.
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Fact: Every single Bitcoin that got shorted had to be bought back at a later time.
Fact: Every single Bitcoin that got longed had to be sold back at a later time.
Result of those 2 facts: Bitcoinica's influence on the price can only be temporary. That is a fact. It's net effect will _always_ be zero in the long run.
What Bitcoinica _did_ provide was:
-Temporary downward pressure on rallies, preventing them from getting out of control. This may have effectively prevented Bitcoin bubble #2
-A way for businesses to hedge, protecting them from USD/BTC price swings when dealing in BTC. You don't have to be an economic genius to see the value in this. BTC will never appeal to serious businesses if they can't protect themselves against these kind of risks.
Agree, but with the caveat that damping the swings in the general market will probably boost the price in the long run from increased confidence, ease of planning and hedging. |
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