If that's the stock pick page that has to be there

PM'ing

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Number of Bets: 46

Winnings: 9.74073586 BTC

Cool, I'll have to watch it more closely.  Though with regard to the last few days... I just added the exchange volume display ~24 hours ago.  

Hmm... btct.co volume is definitely nothing "wow", (heh, I think MPEx did like 75,000 BTC the other day!) but with the exception of the IPO Jan 12 at 52.7 BTC, I'm not really seeing where you get that?  30d average right now on btct.co is ~66 BTC/day.

Cheers.

Couple updates:


1. We placed a link to the blackjack rules in effect on the left sidebar.

2. Sorry, TradeFortress!  Unfortunately, LUCKY 7's only played with the first three cards. Check out the help page for clarity.  We'll be expanding this in the future to explain in more detail.  

3. We fixed autoplay to not pop up that crazy deposit dialog when you run low on credits!

4. We also fixed the credit display when getting a Blackjack.  It used to take a while before the credits would update. That's fixed!



This is correct when you don't consider the jackpot, ~65% EV.  However, we put 99.5% of the side bet back into the Jackpot, so the jackpot is not only growing with each Blackjack hand played, but also the majority of the side bet money goes into the Jackpot and is eventually returned to the players.  

FWIW, the EV crosses 100% around 70 BTC, if my math is right:)

And just to be clear (I apologize that it's not so clear on the web site right now!): it's only your first three cards that matter.  Even if you split, we check the first three cards.  So feel free to split 7-7, if you want, without fear of losing any jackpot prizes:)

Silver has been LAUNCHED!

Welcome to the launch party. I will be looking around in the next few days for community websites to advertise on. If you have any suggestions please let me know. I will of course be advertising here on bitcointalk.org, and I will be paying for the first round of ads out of my own pocket.

I have 14 oz. of silver on my desk which I will use as an initial stock for 140 shares (http://kongzi.ca/silver). Our advisor will be given this information shortly.

Initial financial data which I am using is as follows:
S = Spot price is $31.66 from kitco.com
S+P = $33.25 from store.firstmajestic.com
MTGOX weighted average price $17.31682

This implies the cost to order silver bullion is 1.92btc/oz. After a small markup for trading fees, exchange fees, secure storage, etc. I think I can peg the market around 0.21 to 0.22/share at current silver prices. Keep your eye on the silver price! I will be using the following formula to come up with an approximate price and then adjusting slightly to meet demand:

[(S+P) / MtGox Weighted Avg.] + ~7%

Additionally I have launched with 10 shares available at 0.20/share and 10 shares issued at 0.192/share. This is a one time offer. We can't keep selling shares at spot or I won't be able to afford secure storage.

I am open to any comments on this pricing mechanism. I will attempt to analyze the demand and offer shares at a higher or lower price depending on demand (but not so cheap as we lose money).

And something else which I will say precisely once. Thank you to the community for giving me another chance. And now, it's party time! *cuts the red ribbon*

I expect the 2-card outcomes refer to your first two cards only, though it would be better if that was made explicit.

This has to be the most obvious place not to gamble at, because they put the odds right in front of your face. I did 4-5 bets then quit because the payouts were so low for the amount of risk.


Just think, the amount of coins you'll have to risk to amount to that of the amount of coins you'll lose would take foreverrrr playing safe. AND just take one loss will automatically screw you over, so playing the lesser odds is actually worse in the long run because even though it's 3% you'll risk 300BTC every time to get $13 (or something like that). So you'd have to play a couple hundred times to amount to the money you'd lose during that time. So I'm pretty sure that means you have a 6% chance at losing your 300BTC before you make that amount of money back that you'd lose.

Odds are right in front of your face though, it's better to play games like Blackjack where you at least have a tiny bit of say in what the outcome is. All gambling is, is the house vs. you, and in the end the house always wins no matter what, or else they wouldn't be in business.

Actually as an aside GLBSE was about to implement a newswire for it's securities, and this is one area where BitFunder is clearly ahead of the competition. It has a newswire. It is for reasons like this that I've chosen to list my securities exclusively on BitFunder. I feel it keeps issuers honest. If something were to happen to a security on BitFunder and the issuer didn't disclose it, it would be tantamount to fraud. I know it's not seen that way now, but it will be soon. There needs to be a newswire for any exchange IMO.

As of yesterday, loan is paid in full.  TradeFortress please confirm when you get a chance and thanks again for the loan.

Thaddeus