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Alternate cryptocurrencies / Altcoin Discussion / Buying stablecoins with fiat in a decentralized way?
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on: June 16, 2020, 06:13:48 PM
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Is there a way to buy cryptocurrency (particularly stablecoins such as DAI) with fiat money without using centralized exchanges or centralized parties (such as arbitrators, mediators, watchers) that is secure?
Something like LocalBitcoins but without needing a 3rd party when there is a dispute. The reason I ask is that even with these non-custodial peer to peer marketplaces, there is still a central point of failure that would bring down the entire market if it goes off line. For example, if the mediators fail to respond on Bisq, Bisq stops working in cases of disputes.
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Alternate cryptocurrencies / Speculation (Altcoins) / What will the price of Ethereum be tomorrow?
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on: November 19, 2019, 06:55:59 PM
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Post your price predictions Ethereum will be at in the next 24 hours and why.
Ethereum right now, according to CoinGecko, is $174.04.
I think it will continue to fall in the near future due to Bitcoin weakness to around $172 in 24 hours.
And, if you are on telegram, you can join @SimpleOptions to share your strategies with others.
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Alternate cryptocurrencies / Speculation (Altcoins) / Simple Options: A provably fair trustless binary options smart contract.
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on: November 16, 2019, 01:40:06 PM
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Simple Options
Version 3 Simple Options is an intuitive binary options market where users can bet against each other which direction they think price of Ethereum will go. You can buy "Call" tickets if you think the price of Ethereum will increase in the next 1 hour or "Put" tickets if you think the price will decrease. If you are correct in your prediction, you will be rewarded from the house pot split proportionally based on the amount of winning tickets you have compared to the total. Rounds last for 1 hour, but you can only bet within the first 30 minutes of the round. Ticket prices are based on the size of the house pot and do not increase in the round. Losers funds go to the house pot. Rounds must be manually started but gas is reimbursed. If no one bets against you, and you are right with your prediction, when the round ends, you will be able to withdraw what you put in plus a part of the house pot. If the price doesn't change from start to end, the round will be a draw and everyone can withdraw what they put in. The price is sourced from compound.finance price oracles. Unlike other binary options platforms, the entire market is ran from a smart contract on the Ethereum blockchain therefore it cannot be changed or manipulated by the creator of the contract. The source of the contract can be viewed publicly. This also means it is impossible for your funds to be locked or for the developer to run off with funds. The smart contract assures that this market is accessible forever. The website is stored on Github so you can download the website source to have a localhost view of the market. Market Website: https://happypsyduck.github.io/simple-options/Website Source: https://github.com/happypsyduck/simple-optionsContract on Etherscan: https://etherscan.io/address/0x008FaF03038c810E478013d85659e25199a79E77Telegram Group: @SimpleOptionsGame Rules:- Predict what direction you think the price of Ethereum will go 1 hour from the starting point.
- Winners will split the house pot, up to 90%, depending on the odds of winning.
- When you win, you will be able to withdraw what you put in plus a part of house pot.
- Winners will be rewarded a percentage of the house pot proportionally based on their tickets purchased.
- The entire market in ran on a trustless Ethereum smart contract.
- Compound.Finance price oracles are used for price determination as they update frequently.
- Buy Call tickets when you think the price will rise, Put tickets when you think the price will fall.
- When you lose a round, your funds are transferred into the house pot.
- Rounds last for only 1 hour. Tickets can be bought during the first 30 minutes.
- Odds of winning: Total Winning Tickets / Total Tickets Bought.
- Percentage paid out is calculated as: 10% + (80% x (1 - Odds of Winning) ).
- Regardless of the percent, payouts are capped to the total ETH amounts for either side, whichever is higher.
- The price of a ticket is 1/100th the house pot. This is constant during a Round.
- There is a 5% fee pulled from the house pot distributed to the winners. There is no fee to withdraw or buy tickets.
- After the round ends, you can manually close the round if the automated service fails to do so.
- Gas for closing a round is paid for from the house pot.
- You can only withdraw from a closed round. You cannot withdraw from an open round.
- To withdraw a balance from a previous round, go back to the round with the balance and then withdraw.
- If the price doesn't change or the round ends too late, the round will be a draw and you will get your funds back.
- Maximum amount of users per round is 1000.
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Economy / Gambling / Play Simple FOMO Round 2 - Top entrant and last entrant now split the pot evenly
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on: November 02, 2019, 03:44:35 PM
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Simple FOMO
Round 2
Status: Ended
Top entrant: 0xbdc8542fe776f8712afc70b2bd147fdd0115ad54
Last entrant: Same
Simple FOMO returns in a new round! The rules are slightly different than the previous round. The game is a game theory based lottery that rewards both the last person to enter the lottery and now the person with the most entries when the deadline expires. There will be 2 winners. Each time a person enters the game, the deadline is potentially extended based on how close that person is to the deadline. Also, as more people enter the pool, the cost to enter the game increases. For this round, it is advantageous to enter the game earlier as all entries are equal and earlier ones cost less. The game itself is a smart contract that is ran on the Ethereum blockchain therefore it cannot be changed or manipulated by the creator of the contract. Any and all transactions to the contract are publicly viewable. There is no house advantage. The initial pot size is 2 ETH. The initial cost to enter is 0.001 ETH. The initial deadline is Nov 16th, 2019 14:10:54 UTC. Game Website: https://happypsyduck.github.io/simple-fomo/GitHub Source: https://github.com/happypsyduck/simple-fomoContract on Etherscan: https://etherscan.io/address/0xa7565a3E2d0044b8BC887Bc6451f6e70ac551462Old Rounds:
Simple FOMO
Round 1
Status: Ended
Winner: 0xc54100fc034d412c21ba92ccf2d916374ac22555 Simple FOMO is a new game theory based lottery that rewards the last person to enter the lottery with the entire pot when the deadline expires. Each time a person enters the game, the deadline is potentially extended based on how close that person is to the deadline. Also, as more people enter the pool, the cost to enter the game increases. The game itself is a smart contract that is ran on the Ethereum blockchain therefore it cannot be changed or manipulated by the creator of the contract. Any and all transactions to the contract are publicly viewable. The game rules are viewable in the source code. Check it out here: https://etherscan.io/address/0xa5a9B6a783D17C15822D3e70dbb1E59D736284eF#codeThe initial pot size is 2 ETH. The initial cost to enter is 0.001 ETH. The initial deadline is Nov 8th, 2019 11:16:00 UTC. Game Website: https://happypsyduck.github.io/simple-fomo/GitHub Source: https://github.com/happypsyduck/simple-fomo |
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Alternate cryptocurrencies / Speculation (Altcoins) / Play Simple FOMO Round 2 - Top entrant and last entrant now split the pot evenly
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on: November 01, 2019, 04:06:52 PM
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Simple FOMO
Round 2
Status: Ended
Top entrant: 0xbdc8542fe776f8712afc70b2bd147fdd0115ad54
Last entrant: Same
Simple FOMO returns in a new round! The rules are slightly different than the previous round. The game is a game theory based lottery that rewards both the last person to enter the lottery and now the person with the most entries when the deadline expires. There will be 2 winners. Each time a person enters the game, the deadline is potentially extended based on how close that person is to the deadline. Also, as more people enter the pool, the cost to enter the game increases. For this round, it is advantageous to enter the game earlier as all entries are equal and earlier ones cost less. The game itself is a smart contract that is ran on the Ethereum blockchain therefore it cannot be changed or manipulated by the creator of the contract. Any and all transactions to the contract are publicly viewable. There is no house advantage. The initial pot size is 2 ETH. The initial cost to enter is 0.001 ETH. The initial deadline is Nov 16th, 2019 14:10:54 UTC. Game Website: https://happypsyduck.github.io/simple-fomo/GitHub Source: https://github.com/happypsyduck/simple-fomoContract on Etherscan: https://etherscan.io/address/0xa7565a3E2d0044b8BC887Bc6451f6e70ac551462Old Rounds:
Simple FOMO
Round 1
Status: Ended
Winner: 0xc54100fc034d412c21ba92ccf2d916374ac22555 Simple FOMO is a new game theory based lottery that rewards the last person to enter the lottery with the entire pot when the deadline expires. Each time a person enters the game, the deadline is potentially extended based on how close that person is to the deadline. Also, as more people enter the pool, the cost to enter the game increases. The entire game is ran on a publicly viewable trust-less smart contract. The initial pot size is 2 ETH. The initial cost to enter is 0.001 ETH. The initial deadline is Nov 8th, 2019 11:16:00 UTC. Game Website: https://happypsyduck.github.io/simple-fomo/GitHub Source: https://github.com/happypsyduck/simple-fomo |
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