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because it's my computer and my power
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Would there be interest if I re-opened the difficulty wagering at BSB for a specific block #?
It would still be in beta, and would not charge any fees. As a reminder, it's pari-mutual. If you calculate a 40% chance of being over X on block Y, you should bet in the ratio of 2:3. An gambler/miner would wager on one side or the other as a hedge.
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no new betting since April 7th. I'm a green bay fan and laid some big btc against the packers to hedge my emotional bet for the super bowl... emotion won, btc lost.
I thank you for the wagers. If it makes you feel any better, BSB is down a bit of coins since inception. We set very low juice to encourage action, usually about 0-4 coins per 1000 wagered. Setting up daily games has been a chore, and weekly football worked great. It was difficult keeping on top of the scoring mostly. I've come up with ways to implement automatic scoring, but it is slow testing. I plan on getting back to televised MLB/NBA games. This seemed to bring in the most action. Bonus: Expect a new set of wagers that ARE being tested right now, data is flying. Its secret in case it doesn't work out. |
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pay 0.01 btc to get on the whitelist.
+1 (0.01 * 100) I'll pay 1.00 btc provided I get my 1.00 back after I don't hit the servers 10,000 times in 24 hrs. |
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pay 0.01 btc to get on the whitelist.
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@bitcoinex What does this mean? Are you behind the DDoS attack on MtGox? I read it as a joke |
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The bid/ask matrix at taters.net still works, but the recent trades portion is suddenly broken  http://www.taters.net/cgi-bin/btc/matrix.pl?axisinc=0.01Does anyone have a screenshot of newsham from when it was functional? I'm designing something new using the websockets API, but never saw that one. I'm not a web/programming expert, but the getTrades.php doesn't load anymore from the script. I read the getTrades.php from mtgox as a string, and I think that is the problem. |
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I've sold on biddingpond in the past. My suggestion is to have a payment address field when setting up the auction. Using the block explorer, it would be a way to verify payment as sent. Also a way to verify that fees should be charged for listing the auction.
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Got error first time trying, worked after refresh.
I like the site. Suggestion: Log scale for the difficulty chart.
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I just deposited some Bitcoins into my account on this site, but I can't figure out how to add them to a certain bet! I haven't been able to find a "Add Your Bet Here" button or something similar anywhere! I feel all depressed now that a techie like me can't even find a simple thing like a "betting entry" spot on a site...  If someone could please tell me how to bet, that would be greatly appreciated. Thanks again!!  At the time of your post, there are no open wagers to bet on. The MtGox wagers close at the end of each month, the end of March wagers will open in a couple weeks. We offer national televised games as well, currently NCAA basketball and NBA. |
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Someone should be able to input the serial # of the bill on a website and get a small sum of coins.
That $10 bill has 6x "4's" on it, wish I had it to play liar's poker.
I could sell it to you for Bitcoins. How about 12.5? Thank you for the offer, but I'll pass. Don't play too often, and btc>usd. |
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Someone should be able to input the serial # of the bill on a website and get a small sum of coins.
That $10 bill has 6x "4's" on it, wish I had it to play liar's poker.
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"bet both sides to protect yourself". not sure what you mean. can you give an example?
Sure, You would effectively make a market. If bitcoins close today at $0.6000 and you feel there is a 50/50 chance they will close 2/28 at $0.6000, you should bet equal amounts on each side of the 60 cent strike price. So if you be 100 coins on each side at 60 cents and the wagering ends at 2.15 (+115) on the OVER because a miner is trying to hedge against lower prices, you effectively will make 15 coins if over, and lose 15 coins if under. |
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MtGox wagering settled at 0.5161 for the month of January. January 31st trades totaled $32,649.75 in value over 63,263 contracts.
All OVERs hit for January, including:
10 cents: 1.1460 for 1
20 cents: 1.2187 for 1
25 cents: 1.4576 for 1
30 cents: 1.9609 for 1
40 cents: 3.9937 for 1
50 cents: 8.5206 for 1
February OVER/UNDER wagering is open until February 1st, 11:59pm ET. There are no fees on MtGox wagering, so bet both sides to protect yourself. BSB is looking for market makers on this contract.
Over $0.80 is currently paying almost 3:1.
Over $1.00 is currently paying over 9:1.
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@TTBit:
sounds reasonable. What about a 30c put?
@sgornik:
I don't see how an escrow can help much here. For the call, I can't put my 7500 BTC in escrow because I haven't mined it yet. For the put, he would have to keep $1500 in escrow for 6 months just to collect $150, which is barely worth it.
30 cent put $0.0270 bid x7500 $0.0470 offer x7500 |
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with current price ~42c, my market for expiration 180 days:
20 cent put: $0.0090 bid / $0.0200 offer
50 cent call: $0.1700 bid / $0.2600 offer
So we're on the same page..
for $150 (you pay me), I'll buy 7500 coins from you at 20c each whenever you wish
I'll give you $1275 if you give me the option to buy 7500 coins from you at 0.50 in 180 days.
The short call is tricky, I have no way of knowing you can deliver 7500 coins, especially if they are $5 each.
TTBit-- I will sell you your call, buy your put and buy 5100 bitcoins at a price of .42 USD/BTC as a package. So, total package is: I sell you 5100 coins at 42c each (+$2142 USD) I sell you a 20c put on 7500 coins (+$150 USD) I buy 7500 50c calls at 17c each (-$1275 USD) * Net credit to me of $1017 * You get 5100 coins up front * I have the right (not obligation) to buy 7500 coins from you at 50c each on 7/31/2011 * You have the right to sell me 7500 coins at 20c ($1500) whenever you wish, expires 7/31/2011 Would you agree to hold the 7500 coins at BitcoinSportsBook, or a wallet of my choosing? (I would put up the 5100, you 2400). Block explorer can verify totals. You send me a check in the amount of $1017. I send you a check for $3750 on 7/31/2011 if I want the coins. I send you a check for $1500 whenever you wish for those 7500 coins (expire 7/31/2011). |
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I'm financing some mining and would like some insurance against the value of bitcoins dropping considerably.
I'm looking to make either:
a) An American style long put, strike rate of 1 BTC = 0.2 USD, premium in either currency either in advance or at expiry.
b) A European style short call, strike rate of 1 BTC = 0.5 USD, premium in BTC in advance, or USD at any time.
In each case the expiration date will be 6 months and the quantity any part or parts up to 7500 BTC.
Is anyone able to offer a competitive premium for these types of option? Is there a way of conducting these trades so as to minimize counterparty risk?
with current price ~42c, my market for expiration 180 days: 20 cent put: $0.0090 bid / $0.0200 offer 50 cent call: $0.1700 bid / $0.2600 offer So we're on the same page.. for $150 (you pay me), I'll buy 7500 coins from you at 20c each whenever you wish I'll give you $1275 if you give me the option to buy 7500 coins from you at 0.50 in 180 days. The short call is tricky, I have no way of knowing you can deliver 7500 coins, especially if they are $5 each. |
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I deposited 4 bitcoins 34 confirmations ago, and hasn't shown up yet. Its in the BBE.
Did you contact them about it? Yes, waiting on a response. Looks like I'm the only one, so not worried. |
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I deposited 4 bitcoins 34 confirmations ago, and hasn't shown up yet. Its in the BBE.
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