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561  Economy / Gambling / Re: memtingale simulator on: July 11, 2013, 01:27:27 AM
hey people are still using my script Cheesy glad to see it.

It's the best customizable simulator around for that matter.

By the way, your gambling list is the most professional around too.

I liked the criterions that you chose in order to order the casinos.

Anonymous Casinos + BTC = more transparency needed

Keep up the good work!
562  Economy / Gambling / Re: SatoshiLottery.net|LiveStreamed Bitcoin Raffles|Draw Wed 9et|JACKPOT ฿7.6257 on: July 09, 2013, 03:15:17 AM
With almost 800 tickets sold per raffle, are there any chances of creating raffles with ticket entry prices of 1 BTC or +?

With BTC's price downfall I guess it's possible, there will be demand and people will also enjoy and apreciate it, won't they?
563  Economy / Gambling / Re: memtingale simulator on: July 05, 2013, 08:00:41 PM
Thank you again!
564  Economy / Gambling / Re: memtingale simulator on: July 05, 2013, 09:33:03 AM
Quote
Make the code keep track of how often a 0 is rolled and how often it ends up with a 1. Compare these numbers and they should be close to 50% with a large enough run (In a run with 1 milion samples, with 95% certainty, the percentage of zeroes should fall between 49.8% and 50.2%).

Btw, is that simple to implement?

Sorry I'm damn noob programming that kind of stuff yet...  Undecided
565  Economy / Gambling / Re: memtingale simulator on: July 05, 2013, 09:29:45 AM
@Rannasha

Thanks for the help.

I guess I got a little confused with that codes and didn't pay so much attention to that.

Now it's working fine: every simulation shows a complete disaster in terms of bankroll.  Grin
566  Economy / Gambling / Re: memtingale simulator on: July 05, 2013, 08:54:54 AM
@mem

Thank you so much for creating that perl script.

I've been looking for a customizable martingale simulator tool like that for so long.

It really adds up to my statistical studies and math scraps as well.

One funny stuff: I've just simulated some neutral expected value (0EV) scenarios changing the following lines.
Code:
$lose_multiplier = 0; #  0EV

Then I ran a million bets and got profit as a result every time considering that:
Code:
$incr =  2.2; # always > 2
$bet_start = 0.5; # 0.5% of bankroll.
$pot=100;
$table_max=2.42; # 3rd and last consecutive bet.
$hitmax=1; # resets after 3rd consecutive loss.
$win_multiplier = $incr; # no house's edge / vig / juice.

I was hoping for a near no-profit / no-loss situation due to the Law of Large Numbers but got profit in all situations simulated.

Isn't that strange?

So I ask you, do that functions...
Code:
$r=rand;
$rand = int(rand(2)); # 0 = win, 1 = lose

...really give us 50% rate (win/lose) as expected?

It seems like I got over 50% winning rate.

Maybe the algorithm is not that fair enough.

Very strange though...
567  Bitcoin / Development & Technical Discussion / Re: [ANN] txtool: Advanced transaction building on: July 03, 2013, 08:53:09 PM
Very nice open source collaborative project.

Congratulations!

Keep up the good work

Cheers!
568  Economy / Service Announcements / Re: Bets of Bitcoin - Bitcoin betting on real world events on: July 03, 2013, 08:04:57 PM
Quote

Finac,
i am actually working on such a site. I have all the live lines to myself but am looking for the best way to display them.


Nice work!

Don't forget to announce that project in a new thread and warn me when it's ready to rock!  Wink

By the way, I just figured it out that betsofbitco.in might work as an P2P sports betting bookmaker with variable odds.

How are they updating everyday's propositions?

Are they rigorous on closing the bets and paying the punters in time?
569  Economy / Gambling / Some suggestions and implementations. on: July 03, 2013, 04:14:09 PM
@giantdragon

Talking about that matter, I was thinking about some ways in order to innovate games like raffles and lotteries and I was also doing some math about it, then some ideas came up in my mind. I think that ideas might add some new features and some innovation at Peerbet.

1st idea - What about letting some costumers advertise their ads in Peerbet in the following way:

1) Advertiser pays some BTC, e.g. 1.1 BTC;

2) Advertiser promotes any kind of ad that needs some action (Pay per click/view/etc);

3) 1 BTC goes to raffle game (e.g. 10 to 20 participants) as a jackpot for that especific draw;

4) 0.1 BTC is the house's profit.

Advantages: advertiser gets revenue from his ads (peerbet's gamblers will click/visit/view ther ads); raffles will become +EV to play (jackpot added); the house keeps profiting the same way (or even better) it does now.

Disadvantages: It might get some hard work in order to program and implement something like that; track and keep records of everything; atract new advertisers (maybe some affiliation program should solve that issue).

More ideas yet to come...

What do you think about the 1st one?
570  Economy / Speculation / Re: Why people holding their coins when the price is going down for sure... on: July 03, 2013, 02:43:43 PM
Deflation is power!

P.s. never thought I'd say that someday.  Grin
571  Economy / Speculation / Re: The LTC effect on BTC on: July 01, 2013, 03:47:37 AM
Risk is still proportional I believe. No such thing as 'early adopters', unless you know stuff others don't.

Good luck being an LTC early adopter though...

There goes the old "The higher the return/profit, the higher shall be the risk as well" rule.

But that's the economic law which we all are regulated by...
572  Bitcoin / Bitcoin Discussion / Re: ! 5 Bitcoin Independence Day Raffle ! on: July 01, 2013, 03:34:14 AM
Financisto


Nice initiative!
573  Economy / Service Announcements / Re: Bets of Bitcoin - Bitcoin betting on real world events on: July 01, 2013, 03:28:50 AM
there are 3 sports betting sites that I like:

nitrogen
btcsportsbet
sportingbit.com



Thanks for sharing that info.

It would be nice an website with live odds from all of that bookmakers that currently accept Bitcoin as payment.

I guess there are about 7 bookmakers like that nowadays.
574  Bitcoin / Project Development / Re: Bitcoin Crowdfunding With Bitcoins ! on: July 01, 2013, 02:31:18 AM
Nice initiative!

Is there any way to list or avoid scammers from getting advantage of it?

If not, a black list might be useful, right?
575  Alternate cryptocurrencies / Altcoin Discussion / Re: List of all cryptocoins on: June 29, 2013, 07:21:28 AM
As far as I'm concerned with that flood of altcoins announcements, Namecoin is by far the only one major innovation after Bitcoin itself.

Am I not correct?

Please correct me if I'm wrong...
576  Bitcoin / Project Development / Re: coinvisitor.com - coinvisitor - Where we are TODAY.......... on: June 29, 2013, 07:12:34 AM
That endeavour is gone but never give up to try new ideas and business in Bitcoin economy.

Entrepreneurs will always be needed in order to strengthen the cryptocoin enviroment and its economy.

Cheers!
577  Other / Politics & Society / Re: PRISM - Who else is disgusted by this? on: June 27, 2013, 10:33:35 PM
Quote
No, this is a presumption and it is not necessarily true.

And think of what communication could be hidden in spam.

At least we've found some use for SPAM:

It complicates the NSA data filtering work because SPAM volume is greater than 90% of the world's sent messages nowadays.  Tongue
578  Other / Politics & Society / Re: PRISM - Who else is disgusted by this? on: June 24, 2013, 09:34:58 PM
Quote

I never left firefox, chrome is crap.

I was damn naive at that time.

I was blind and could not see the true power of the open source community.

Governments will never completly shut up that community. No matter what.

Google, Apple, MS, FB etc, never trust that commercial closed source stuff...

That's the lesson!
579  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin on MtGox in july 2013 on: June 24, 2013, 09:14:17 PM
NMC seems to be a great addition, specially to strengthen the adoption of that decentralized DNS feature.

Gonna pay close attention to that...
580  Economy / Service Announcements / Re: FirstbitsRepo.com - Premium firstbits address such as 1sexy, 1stud, 1champ, etc on: June 22, 2013, 04:21:27 AM
want 1scammer
The website is currently down for ordering (new server hosting, SSL information is in process of being changed), but I can certainly do this if you are serious.  Please PM me and we can work out the details.

He can't be seriuos... LOL  Grin
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