How come the satoshidice house edge is currently 80% even though they have been around for so long?
As others have pointed out, house edge is not the same as actual profits, and also neither is anywhere near 80%. As of today SD has returned just 2.089% less in payouts than they've taken in bets. That figure is slightly more than the house edge says it should be, but they've been lucky. See https://bitcointalk.org/index.php?topic=80312.msg2078900#msg2078900 for today's report. I update it in that thread every day. Whats also interesting is that they claim "fair play" yet they sometimes delay payouts up to 48 hours which then gives them the option of bruteforcing different secret phrases for the maximum profit to the house. Also one could easily launder money if one was inclined enough.
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I believe their house edge is currently 2% actually.
Yes it is, but if you take the sum of bets 3557272/4447462=0.7998 then 0.7998*100=80% so wouldn't it become closer to 98% on a long enough period? are you not confusing "house edge" with "general win odds"? Each game has a different % chance to win. Take those win % and the number of times each was played, and THEN apply the 2% house edge to see the answer. House edge is the fact that when you win, you get ~2% less than a fair bet. It is not the fact that over however many bets made at whatever win odds, it adds up to 80%. Yes but the idea that as time goes by the total amount of funds won would get closer and closer to 98% of the total amount of funds bet.
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I believe their house edge is currently 2% actually.
Yes it is, but if you take the sum of bets 3557272/4447462=0.7998 then 0.7998*100=80% so wouldn't it become closer to 98% on a long enough period?
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How come the satoshidice house edge is currently 80% even though they have been around for so long?
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Hello I would like to purchase BTC with PP, first amount first, registered 2011 and a humble gentlemen that has brought using PP previously.
Everyone be careful with this. You could send him the BTC and then he would reverse the Paypal transaction, leaving you with nothing. I already did this before and I am a 2011 member, very humble person, I can give you a gentlemens word that I will not reverse the payment, plus I am looking for a fast method to purchase 50 bucks worth of BTC at the moment, so it's not crazy amounts.
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Hello I would like to purchase BTC with PP, first amount first, registered 2011 and a humble gentlemen that has brought using PP previously.
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You can encode your private key in a vial containing a message printed in DNA using Craig Vener's ASCII->DNA for about 5 hundred bucks. Seems a lot cooler.
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How can I sign an existing transaction with zero confirmations with a different input easily?
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Post some links to transactions IDs or addresses involved? Maybe others can help investigate.
I would rather not I think the inputs were already spent and it will never confirm, thanks for your help guys.
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I have launched the client with -rescan and now I am able to grab the raw transaction, when I push it with https://blockchain.info/pushtx I get "unable to find all tx inputs" yet it still appear in the client for some reason. Could be. The client doesn't report (or, in general, even know) why a transaction isn't getting confirmations, it just accurately reports zero. You could track down all of the inputs to your 0-conf. One or more of them either has been already used, or wasn't confirmed (perhaps because it wasn't broadcast). Says "an outpoint is already spent" when I try to push the other one, I don't understand why they keep showing up on the client though, shouldn't -rescan eliminate all the transactions with spent inputs?
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I have launched the client with -rescan and now I am able to grab the raw transaction, when I push it with https://blockchain.info/pushtx I get "unable to find all tx inputs" yet it still appear in the client for some reason.
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Don't know if you did it but you have to load bitcoin with -reindex -txindex to make getrawtransaction work for spent transactions, or something like that...
Already did...
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I have a txid that I can get with gettransaction but get an "No information available about transaction (code -5)" if I use getrawtransaction, also the transaction has zero fees and doesn't show up on blockchain.info even though it was sent 4 days ago.
I had already spent it and have multiple stuck transaction on zero conf, I figured it's a little weird since I would at least have the key the transaction got signed with.
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That's one minor issue 20 becomes 2, 10 becomes 1 and 30 becomes 3 as well as 0 not sending a transaction back at all.
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Nah, I'm not in the underground facility any more. I packed up the hookers and blow and we're all living the sweet life in a penthouse suite now.
A gem from Gavin - keep up the good work (hopefully my rapidly filling up hard drive will be able to last another year). What I don't understand is why couldn't S. Dice simply broadcast the transaction without including it in a block? The player would have the zero conf transaction popping up notifying him whether he won or lost and there is no "dust"
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Cliffs on 0.8.2?
Multiple Dr. Evil type of characters including Gavin Andresen (Notice Mr.Anderson) have been tinkering in their underground facility thinking of new ways to destroy the free economy along with their CIA friends as the camera zooms out of the darkness you can only hear their evil laughing as they summon this patch from the deepest dungeons of hell to completely censor any micro transactions or "dust" in hopes of probing the masses for compliance before further arbitrary, dictatorship-style changes take place. Not to mention that Bitcoin becomes closer and closer to what we are all trying to rebel against and the patch is completely against the bible: Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non-reversible services. Oh Satoshi, where are you when we need you
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Wouldn't they still be able to notify players whether they lost or won simply by broadcasting the transactions without it actually being included in a block? (zero conf style)
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What is the problem with the bitcoin community that everyone is obsessed with making established "outsider" businesses adopt BTC instead of promoting businesses that work solely with BTC within the community.
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ITT? International Telephone & Telegraph?
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