when will you launch the real thing.
Not sure yet, I still need to test some more things and figure out the best way to give the house an edge. Possibly thinking of having the computer martingale it's bets against the user every so often... |
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Ha, what the hell is this crazy shit? Just checked his twitter & that tweet actually is on there. Strange, I wouldn't have seen him as a bitcoiner. He's probably getting financial advise from somebody. Still good though, he's got 4.9 million followers, exposure & publicity is key people. Lets hope he can get more people investing in bitcoin  I think we could be at the beginning of some serious institutional FOMO. You have Fidelity jumping into the crypto space with their trademark filing, Citibank wanting to join in crypto, NASDAQ is on board with using the blockchain for some IPOs. Now we have Mike Tyson jumping in the ring (pun was definitely intended) with his bitcoin ATMs. Does that mean he already owns bitcoin, I'd think it does. Either way it seems like institutions are now making their positions in the crypto world so they don't get left behind. FOMO is powerful, FOMO feeds bubbles. There will only be 21 million folks. |
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What?? Is he saying he's going to launch his own brand of Bitcoin ATMs? Maybe they'll come with Mike Tyson's Punchout and if you can beat Tyson you'll get some free bits, like a faucet |
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Your concept in the OP would be heavily sided towards the user, i.e. +EV. No sane gambling site would implement this unfortunately.
Here's the thing: A rational user will never place their choice of dice roll, say, below 45 or above 55. Doing this immediately makes any bet made by the site that aims for below 45 or above 55 obsolete. Yes, bets by the computer of say above 30 will still occur. But this means that any bet made by the computer of below 45 or above 55 will always result in a loss. At this point you may say that, with the above/below modifier, it's still going to be a 50% chance of winning/losing. The thing with this, is that the computer is likely to make, due to it's completely random calculations, a large variety of bets, not just bets with 50/50 chances. I'm not going to code a simulation for this at this time, but at the end of the day something like this will probably end +EV for the user.
What if the computer is more AI and not making random bets but instead behave like a gambler would on any other site? If they see the roll keeps coming up between 45 & 55 then it will pick a target within that range so that it always wins. |
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This is great, I have tried it and won severally and I hope it will be like that when a deposit is made for real game.
I do not see anywhere that my btc address is required, so how will the winnings be cash out?
This is only a prototype with play money, you cannot cash out. |
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coinableS, I am sorry for my choice of word, I agreed it is rather too harsh but it would not have come from me if you had told us in this thread.
I am also interested in your second project and I am watching the two threads.
I appreciate you taking interest in my projects. I have basic working prototype for reverse dice that I hammered out today. I should have a version I'll post here on Saturday or Sunday so you can test it out. |
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People are just slowly waking up and realizing it can only go down.
Still willing to bet a good sum of money on this as before, still no takers.
Y U NO BET?! Come on permabulls, free money!
For a legendary member, you post some pretty ridiculous stuff. Every day that bitcoin is still alive and kicking is another day towards success. If bitcoin becomes a real success the price per coin will be MUCH higher due to simple supply and demand. |
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I think it be best if you make a temporary game like this and put it up for testing and people can test and see how much they like it with play money, if they enjoy the game you can then make it for Bitcoin and put it on a domain, add graphics and features and launch it fully.
In my opinion it is like the OP have abandon this particular project, I saw his other thread Faucet+Dice it seems he prefer that. Abandon is such a harsh word I have put it on hold for now, but have not abandoned the idea and yes I've been working on my faucet+dice instead. https://bitcointalk.org/index.php?topic=1128309.msg11919027#msg11919027 Trying to decide which method of provably fair I'm going to use. |
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Online polls are terribly inaccurate with double or more votes from the same individual masking their IP. How many of those 2700 votes are legit? I take it with a grain of salt. Bitcoin could be $100 or $1,200 by the end of 2015.... why they chose $500 as a target I don't know.
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A multi-signature address is a special address in which you need 2 out of 3 priv keys before you can create a transaction with that address. With that said, any user who has control of a single key wouldn't be able to spend the balance on that certain address--that user needs another private keys to create a transaction. A multi-signature address is a safe way of keeping your balance. Just make sure that the private keys are separated so in case an attack occurs, you are able to still keep those precious btc's intact if ever the attacker only acquired one out of three keys.
So what I said is true about the Hardware wallets ? I gave an example with "Case" Hardware wallet and Iquoted since they control one key . and they got hacked and all private keys gets removed from their Database or wherever they store the private keys on their server .. does that means that we will lose our funds forever ? since they can't get our funds without us and we can't get our funds with them . Multi signature isn't really safe as I thought then ... You are misunderstanding them and multisig. The multisig address needs 2 OUT OF 3 keys. THERE ARE 3 KEYS, NOT JUST 2!!! Case only has 1 of those keys. If they are like other companies that do this kind of stuff, then YOU WILL RECEIVE THE REMAINING 2 KEYS!!! You keep one key safe in a separate location while the other key is one that you use normally. That way, if their key is no longer safe or accessible, you can still spend your Bitcoin with the 2 keys that they gave you. Not only that but you also must have the redeemscript in order to spend from the multisig address. Multisigs are not less safe at all. The only way I can see them being "less safe" is because they are harder to spend from and if you don't know what you are doing or know how to create raw transactions you might lock yourself out from your own funds. |
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How does a pump and dump group keep from pump and dumping each other? What I mean is, let's say you create a team of 12 people, and 3 of those people are "in the know" and they tell each other "we are going to tell our team to pump xyzcoin tomorrow, so buy up today and sell it off tomorrow". Do you see this as an issue? How do you plan on preventing mini-groups from forming within your group?
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I don't know. I'm looking through the site now and I don't see any deals that are amazing enough that makes me want to buy something. yea there is some savings but nothing like I'd expect for such a hyped grand opening. Will they accept bitcoin? I think it would be a good PR move for them.
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I've made some of my biggest gains and losses trading altcoins. It really is a gamble. A lot of them are pumps and dumps and the devs and early miners will dump soon after the new alt is listed on exchanges. Be careful.
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I would like to test your site please, thanks.
Anyone can register for an account free. It should say "Creat an Account" underneath the login form. Or you can goto http://btcthreads.com/registerHow much is your faucet paying out, is it a pay hour or day, there should be more information about this before any serious person can even think of signing up with any faucet and dice website. It was in the OP, but the images are a bit too small I suppose. You can claim once every 10 minutes, average payout is 200 satoshi per claim. |
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Sigh, "outside money will come" ...
just like ponzi schemes "money has to come" to fuel price increase It's nothing like a ponzi scheme. The dream for 1000+ dollars a bitcoin is a wishful dream, but who will be fueling that price increasing?
Some simple supply and demand can fuel the increase. In the distant future, bitcoin could be used to sell large tech companies and you can't sell a billion dollar company with bitcoin if the price is only $300 since there's not enough coins to go around. (think of it as the dutch tulips, beanie babies, etc)
No, I will not think of a revolutionary new technology that in the future will completely change the way finance is done as a beanie baby. My profession is in commercial financial analysis. I review business financials and determine their risk and probability of success in the future and ability to repay. If bitcoin were a company it would have my stamp of approval based on it showing it's increased strength and reliability over the years, continued R&D which is open-source and the best thing... bitcoin has no overhead or debt or bills because it's decentralized. The expansion and success of bitcoin will come from individuals, private companies and investors who believe in the technology. If you'd like a better understanding of what bitcoin is going to become and overtake, google "3rd party payment processing" and try to create a website that accepts credit payments. It's actually rather difficult and very expensive which is why we see so many people selling their stuff on Etsy and Ebay. Also google "automatic clearing houses", the current outdated system we use that was created in the 70's and is ripe for replacemnet. Oh man I can smell the hubris and speculative fluff from your typing ... if you are a true financial analyst please explain to me why you would point that bitcoin isn't a ponzi scheme? (when all the trends and marks of the scheme is imprinted on bitcoin) Also the way you bullsh-t and type that "if bitcoin was a business" it would get your stamp of approval? please research and google "South Sea Company" ... and "bitcoin has no overhead" ... LMFAO what do you call the massive amounts of gpu's and electricity costs?!?! and the depreciative nature of bitcoin And if you want me to further more break down your statement I can go ahead and do so, but your hyper-bull statements for backing bitcoin is so cringe worthy. Side note : I have a sneaking suspicion you added "My profession is in commercial financial analysis" to add self worth and credibility to your dimly backed statements. Additional Side note: from your statements alone I have concluded that you have no credibility as a financial analyst and hope that you really don't imprint your beliefs onto others as that would be breaking ethics and regulatory codes!  Okie doke. |
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Sigh, "outside money will come" ...
just like ponzi schemes "money has to come" to fuel price increase It's nothing like a ponzi scheme. The dream for 1000+ dollars a bitcoin is a wishful dream, but who will be fueling that price increasing?
Some simple supply and demand can fuel the increase. In the distant future, bitcoin could be used to sell large tech companies and you can't sell a billion dollar company with bitcoin if the price is only $300 since there's not enough coins to go around. (think of it as the dutch tulips, beanie babies, etc)
No, I will not think of a revolutionary new technology that in the future will completely change the way finance is done as a beanie baby. My profession is in commercial financial analysis. I review business financials and determine their risk and probability of success in the future and ability to repay. If bitcoin were a company it would have my stamp of approval based on it showing it's increased strength and reliability over the years, continued R&D which is open-source and the best thing... bitcoin has no overhead or debt or bills because it's decentralized. The expansion and success of bitcoin will come from individuals, private companies and investors who believe in the technology. If you'd like a better understanding of what bitcoin is going to become and overtake, google "3rd party payment processing" and try to create a website that accepts credit payments. It's actually rather difficult and very expensive which is why we see so many people selling their stuff on Etsy and Ebay. Also google "automatic clearing houses", the current outdated system we use that was created in the 70's and is ripe for replacemnet. |
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Haha this is priceless. Greatest thing I've heard in a long time! Step 3: Buy up altcoins below 100 satoshi
..snip..
Step 4: Wait 1 -2 days, and sell it for not less than 450-500 satoshi
That's all you have to do folks! |
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