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Pankkake, do you think there is any chance this was not a scam but rather a badly run company?
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I'm must say I'm not too happy about your answer. I think you need to have some skin in the game. It doesn't have to be that much but it has to be something. The reason for that is to ensure that your incentives are aligned with the investors.
If Dooglus had skin in the game he would have shut the site down and the investors would have no chance to make their losses back. With have two options: dooglus wants out, he can't stand the variance and the ONLY reason the site remains is to be fair to the people who are still invested. option 1 - no site. option 2 - doogus keeps the site up out of respect to the people that want a chance to make profit. If dooglus reinvests, and loses more coins he might just withdraw all the coins back to the owners and sell the code, calling it a day. Dooglus current decision is the right one for him. (I would do the same being in his position) |
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All this talk about pokerstars is pointless, they do not deal a provably fair poker game no matter what "auditing" they do.
Also Dooglus, I would suggest making investors pay for each divest they do. However give every user 1 free divest per day.
This will stop the daytraders that are creating more negative EV for the long investors, and also its still fair to those people that needs quick access to their coins. A non day trading investor will not have used up their free fee and thus have nothing to worry about.
Also, lol. You think people day trading makes it 'more negative EV'? Do you have any f**king clue what you are talking about? Its the exact opposite and if you want to bet huge on this we can use doog as an escrow, wager whatever and find an established arbitrator settle this. Ok I misspoke. So far it has been negative EV for the investors that have been invested non stop and most of the day trade investors are up (me included) |
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Oh wow if this happens its seriously good news. EDIT: Its good news if woodrake and the community buy the code, I never expect Labcoin to buy the code I doubt anyone would trust them. |
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All this talk about pokerstars is pointless, they do not deal a provably fair poker game no matter what "auditing" they do.
Also Dooglus, I would suggest making investors pay for each divest they do. However give every user 1 free divest per day.
This will stop the daytraders that are creating more negative EV for the long investors, and also its still fair to those people that needs quick access to their coins. A non day trading investor will not have used up their free fee and thus have nothing to worry about.
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Except burnside is not selling the code, perhaps they can use investor funds to employee programmers?
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The government can own 99.999% of all the nodes, but because no real commerce will be done with those nodes it does not matter.
From a related thread: Short summary: An attacker could run tens of thousands of Bitcoin clients to isolate certain nodes from the network and then double-spend his coins.
That's actually a very hard attack to successfully pull off; I file it under "theoretically worrisome, but practically not a high priority." It is hard because: [...] Oh wow that is an interesting attack. Run so many nodes as to isolate legitimate ones. I wonder what possible solutions exit? |
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Quick question: can or cannot a powerful actor, like an opressive government compromise bitcoin? For example, run multiple rogue bitcoin full nodes and modifying source code according to their best interest. What is the worst that can happen?
Thanks.
If the government run a billion nodes, far more than the amount of nodes currently running and all those nodes tried to block a payment then what happens? Have a little think about it. Those nodes can't influence the miners and the legitimate nodes. All that would happen is the government nodes would be changing rules but those rules would just be for themselves, the government would end up with an odd alternative bitcoin network that means nothing to the outside world. The only time they can influence the real bitcoin network is if they forced every bitcoin user to use their version of the code as a node. Of course this is an exponentially harder problem than simply having more mining power than the network. So the nodes are not an issue. Only having majority control of the miners matters. The government can own 99.999% of all the nodes, but because no real commerce will be done with those nodes it does not matter. |
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The Klondikes were a failed project from TerraHash. We were going to have our Avlon ASIC bulk chip order installed in too the Klondike boards from TerraHash. This is now not happening, this is why our share price is so low. There are a group of investors that have to make X per day, X per week ect and when the news hit that the better then dust dividends were not coming they had to park there money somewhere else. They simply can't have there money sitting idle for that long. Honestly I hate to think were these investors put there money with all the chaos going on lately. At this point the people that have there money in here are in here for the long haul and understand the risk and reward that this company can offer. My best guess is that the chip order is on schedule, adding an extra month to your own time table never hurts. One thing I think that people are not counting for is the fact that we will be mining with the prototypes.
What boards are being used for the eASIC chips? And didn't the Avalon chips fall through? (That is why we got the refund) So what use are the Klondike boards anyway, unless Ken intended to put the eASIC chips onto the Klondike. |
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So are we still on target with the eASIC chips? What were the klondikes? Boards that the chips were meant to go onto? So with no klondikes we can't hash?
Can someone please clear this up for me.
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what RNG is JD using? did I miss it somewhere?
thanks
click on the "fair" tab at just-dice.com I clicked and I didnt see any info about the RNG. if You know it and I missed it please let me know the RNG. is it a PRNG? |
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I'm off to NEOBEE and ActM as I see a real future there.  I hold ActM and would advise you to stay away. No evidence ActM will be successful. |
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Here's a plain "lifetime of nakowa" chart from the same data:
At one point he lost 10,000 bitcoin. Crazy. |
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Users sent back two shares to the issuer account "labcoin2", one was from me after the first outstanding share disappeared. Sorry for the confussion.
No worries. Thanks for clearing this up.  |
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Before all this with Nakowa winning big and taking the house down. What was the max profit the house ever had since the site started?
1% kelly and had a max profit over 550 BTC The highest its ever been was 6000 btc. Though I think it was 7500 btc for a short time. They are talking about the max profit a gambler is allowed to win in one bet. You are talking about the maximum the site profit ever reached. Yep, if the max profit a gambler could make went that high, then I'd be very scared about how much money dooglus was being trusted with. He's pretty trusted, but not that trusted. Its only 500,000 btc required, or now with 0.5% max profit, 1,000,000 btc required for a 5,000 bitcoin profit. I am sure we can trust Dooglus with 10% of all bitcoins. |
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If the # of outstanding shares changes, then the asset issuer is buying/selling shares. In this case, it means that apparently 2 shares were bought by the issuer. Hardly anything worth mentioning, I reckon.
Not to derail, but this implies that Labcoin is using IPO funds to buy shares 1/4th IPO price. I understand it was only two shares so far, lets see if they step up the buyback. |
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Before all this with Nakowa winning big and taking the house down. What was the max profit the house ever had since the site started?
1% kelly and had a max profit over 550 BTC The highest its ever been was 6000 btc. Though I think it was 7500 btc for a short time. They are talking about the max profit a gambler is allowed to win in one bet. You are talking about the maximum the site profit ever reached. |
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See https://bitcointalk.org/index.php?topic=113860.0blockchain.info looks at the 1st relay which may or may not be the actual miner. Blockchain.info may not be entirely accurate. You are right about the coinbase not being relevant. I looked at those transactions and the IP and coinbase had no similarities. |
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the coinbase which has some custom text encoded by the pool operators.
not sure what you mean by "coinbase" EDIT: its the content of the input for a newly generated block (so like a message) |
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