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I just realized that there is probably a noise when someone sits down or a hand is dealt or something. I had my headphones plugged in, but not in my ears when I tried it out before.
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Price deflation is one of the signs of a sane and healthy economy.
Amen. Red, you should also consider the flip side of price deflation, for there are always winners and losers in the ebb and flow of a free market. During price deflation the losers are banks and businesses, for neither can sell their wares for as much as they once could. But who, then, are the winners? The consumers who can, temporarily, buy more groceries or a better car or a newer home for less money than they could have before. This is when the prudent saver is rewarded for foregoing the high life during the boom. Said another way, the Fed's basic mission, to avoid deflationary cycles, known in our modern economic speech as a "recession", is to, openly and without pause, benefit finance and business at the expense of everyone else; forever. They haven't been very successful at that, but it is not for a lack of trying. Absolutely. We should be having major price deflation. Instead printing is neutralizing it. There is not a vacuum large enough to bring it all back in. The next boom is the crack up boom, imo. |
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Cool. I'm going to be sitting at a table for a little while. It would be neat if there was a button people could press to "poke" me and make a beep or something because I can leave it open all the time, but I won't be monitoring it constantly.
I got a certificate warning, but that happens to me a lot. Am I doing something wrong?
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Hey, I won the lottery! Got 161.70 BTC from my 10 BTC in bets! Minus my 10 BTC gratuity, of course.  Quick buy some more, you are on a roll. The 77000 draw will be locked in 5 blocks. |
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Oh, and I forgot, the buying of all non duplicate tickets problem will be addressed by me removing the bet cancel, and only showing the bets after draw is locked. But when you buy random you are guaranteed to have unique bets at that point in time, at least until 95% of the bets are taken.
Eh, then the only way to be sure to get unique tickets is to wait until near the end and do random. |
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No rollover makes this lottery far less desirable to me.
I feel the same, really. How about the rest of you, what do you think? I'm torn. I like the rollover, but in order to make neutral EV bets you'd have to cover the whole field. I envision a few hundred bought, jackpot missed, someone(s) buy all tickets and monitor to remove dupes in order to pick up the free EV. I'm afraid it's going to go small, small, totally covered, small, small... instead of what I think you guys want which is a gradually growing pot. I think the big lotteries combat this by throwing in $1M or something, or keeping a reserve jackpot. Maybe this: 8% of every ticket goes into the JACKPOT which accumulates when not won. 40% goes to match 3 if it happens, but gets distributed no matter what. 25% goes to match 2 if it happens, but gets distributed no matter what. 25% goes to match 1 Now no unique ticket will be worth less than .9BTC even when there is no money in JACKPOT, but we will still get growing pots. I just think with the possibility of 50 or even 75% not getting paid, the tickets are a terrible deal when the pot is empty and it will be hard to bootstrap up again after each JACKPOT pays. |
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I don't see the problem with someone making a little pi.
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Alright, looking forward to it.
How about I also ask BrightAnarchist to be a trusted escrow agent? Would that make bidding easier? Yeah, he seems like a good dude. It would be my fourth working computer, so I'm not necessarily a motivated buyer, but if I win it, escrow would be nice. |
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Alright, looking forward to it.
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I understand the majority of orders would be for single items so I guess 115 BTC would be about market rate, if you bought more than one though you could get way above market value;
2 = $0.0766/BTC (1.14 times current market rate)
3 = $0.115/BTC (1.71 times current market rate)
4 = $0.1533/BTC (2.28 times current market rate)
5 = $0.1916/BTC (2.85 times current market rate)
I was trying to strike some sort of balance with 200.
I have visited MtGox, haven't used it yet but at a glance it seems there isn't much liquidity yet? The bitcoin exchange seems like it might be quite efficient though.
My initial thought was to not cash out the bitcoins but use them to buy other products/services as they arise to help grow the economy, I guess I could just cash out 2/3rds of them and do the same...
I'll have to think on it for a bit.
Thanks for your input, I appreciate it.
Check it out now, liquidity capital of the bitcoin world. That is much better with multiple shirts. |
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Oh, right, I see now. I thought we were switching for later, no problem.
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People trade with people. They trust their value to people.
You will attract more cryptoanarchists but if you expect to attract the mainstream it means team building.
Quite frankly if someone told me he was joining an anarchist organization I would just quietly smile to myself and enjoy watching the show.
Something in life really are marketing.
Unfortunately the value innate in bitcoins (possible anonymity, decentralization, known limited supply, etc) are things that only we as crypto-anarchists find valuable. That's just not true. And I don't mean it's a rounding issue from 98% to 100%. Almost everyone has a few things they'd like to do anonymously. The vast majority of Austrian economists aren't even anarchists. And there are plenty of people who don't trust their current government or current government's money without denouncing all governments in principle. You do see a high % of crypto-anarchists here right now because these are the most likely to seek it out and join when it's small. |
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I can't see why you can't put any address in the block. I'd be interested to hear if there is a reason you can't.
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Yeah, I backed up at one point....
80% of my coins are actually on sites I trust more than my computer atm....
Here's the thing though. My security scenario is going to be "Spending cash" on my main frequently used computer, with no backup because I don't want to do it 5 times a day. My "Savings" is on another computer which will be backed up after every transaction.
Oh, I could just use a BTCOUT from my savings computer. Eh, but I don't want to have to re-backup if I win like 11 coins.
Maybe make it an option?
Ok, fair enough. Lets leave it manual for now, I'll add the option in the near future. So this means you get 0 warning that you won a prize, or that the draw has ended. Given the 'anonymous' thingy, I'm not asking for emails... I can implement ways of giving that information out, though, like RSS or IRC bot. But that's very low on my list for now, hit refresh often  I've been spamming refresh for days, but I guess some people have shit to do. ;-) There was rollover for this one, right? I don't see it. |
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If I get one it's $23. At $7.66/200BTC that's not a deal compared to market rate, plus I don't get the benefit of not having to give out CC details or use PayPal or anything. And I can't tell all my friends "I bought this with BTC"
Just some things to think about. I understand not wanting to take a large BTC position all at once, especially when you don't know if it would be 2 shirts or 20 or whatever. Have you used MtGox though? It's pretty easy to flip coins into PayPal.
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Yeah, I backed up at one point....
80% of my coins are actually on sites I trust more than my computer atm....
Here's the thing though. My security scenario is going to be "Spending cash" on my main frequently used computer, with no backup because I don't want to do it 5 times a day. My "Savings" is on another computer which will be backed up after every transaction.
Oh, I could just use a BTCOUT from my savings computer. Eh, but I don't want to have to re-backup if I win like 11 coins.
Maybe make it an option?
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I'm actually quite nervous about my code handling the real thing I'm a veteran at these things, why does it still happen? I'm looking at Bitcoin Watch data, is the winner 667? Indeed, and congrats to all the winners!!! I got 3 x 3rd places, which means I lost a whole bunch of bitcoins, and yet I feel like a winner So, 8 winners, a single 2nd place takes the large slice. What stats would you like to see appearing? I'll show you what you won on the finished draw details, and keep the ticket list for downloading indefinitely. Anything else? Any statistics? Just name it  Now, payment, I'm going to bite the bullet and run the payment script, which will deposit the prizes in the taabl accounts. Next time it will send the prizes directly to the BTCOUT address, as part of my strategy of making this very anonymous (you don't need to log in and withdraw, thus leaving your IP address behind, just paranoia 101). Anyone objects this? I'm hoping to get a lot of feedback, so bring it on! Interesting to send automatically for security. Leaving them in probably increases play on the next game though. Also it defeats the purpose of letting people change their BTCOUT. If my hard drive tanks while I'm out I don't want to come find that I won the lottery and the winnings are at my now unaccessible BTCOUT. |
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I'm actually quite nervous about my code handling the real thing I'm a veteran at these things, why does it still happen? I'm looking at Bitcoin Watch data, is the winner 667? |
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Here-WE-GO. Come on block 76775 hash's give me some love.
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Very nice.
Is shipping 1/3 off also?
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