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121  Economy / Computer hardware / Re: Intel Core i7 3770 New In Box Processor on: September 07, 2013, 06:13:11 PM
New lower price! Cheaper than Newegg and Ebay! Free shipping! $255 only!
122  Economy / Computer hardware / [SOLD!] Intel Core i7 3770 New In Box Processor Free Shipping! (Only 2 BTC!) on: September 04, 2013, 09:55:52 PM
Intel Core i7 3770 New In Box for sale on BitMit. Escrow! Cheaper than Ebay! Free Shipping!

https://www.bitmit.net/en/item/56965-core-i7-3770-new-in-box
123  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: August 30, 2013, 06:15:19 AM
'celeste' is by far the biggest player we've had so far.  For a while he was betting 222 BTC (close to the max bet at 2x at the time) over and over, and at one point hit it 9 times in a row, costing us around 2000 BTC of profit in just a few seconds.  There's a screenshot in this article:
Time and time again, I get folks that say "I lost 14 times in a row, that's 'statistically' impossible!"

Sigh. Each time that one play a game, one has those exact odds to win or lose. In the instance of 50/50 odds, one has a 1 and 2 chance of winning. Just like in the lotto, one could buy 99% of all the available tickets and think that you have a sure fire win. One way to consider the true odds is that each ticket stands alone in a chance of winning. It is actually incorrect math to take all the tickets in one's possession combined and to state that you has a 99% chance of winning. It is still mathematically possible for that 1 out of a 100 ticket to win the lotto. It is also still mathematically possible for that 1 out of a 100 ticket to win the lotto ten times in a row.

For the folks that want a really, really, really good study on how this math works: this is a great read.

What I like about the Just-Dice site is that the majority of the basis of the math behind the site is completely exposed. Really good stuff!

MD
124  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: August 30, 2013, 05:13:14 AM

Is that clear?  I can try again if not.

Perfect! Thanks! I had no idea about the celeste incident or anything like that. From what I can see, you are following the 1% curve almost dead on. Amazing stuff!

It's extraordinarily rare to find something where you can see actual math in action.

If these graphs are not on your site already, please do post them from time to time so that math junkies like me can read them Smiley

Regards,

MD
125  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: August 30, 2013, 04:56:18 AM
Yep it seems to be that way. Now I'm up 0.00010321

It is really interesting to watch the laws of statistics at work.

Maybe some charts will help give you a sense of how the site profits tend to move around:

Hi,

Can you clarify what the definitions are of each of the lines? I'm not altogether clear as to what they exactly mean.

1%, 1% / 3900 BTC, Profit

Thanks!

MD
126  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: August 30, 2013, 03:33:20 AM
Just for laughs I "invested" a small amount. So far, after an hour I'm down -0.00025883

I'll let it run for a bit, but I don't have high hopes. I think some folks have figure out how to 'game' system or something. Or maybe it's just really rotten luck.

MD

Just for some perspective - I was down 15% at one point... and that was for a large number of BTC and it only took a few days to go down that far.
A few weeks later - I'm up over 9%... so yes it's 'luck' - and this investment gives a highly erratic return.
Sometimes the players will win big against the house, and if that wasn't true - then there probably wouldn't be many punters.
The maths says in the long run you should expect to come out ahead, but still, the luck could put you in the red for a long time.


Yep it seems to be that way. Now I'm up 0.00010321

It is really interesting to watch the laws of statistics at work.

MD
127  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: August 30, 2013, 01:41:48 AM
Just for laughs I "invested" a small amount. So far, after an hour I'm down -0.00025883

I'll let it run for a bit, but I don't have high hopes. I think some folks have figure out how to 'game' system or something. Or maybe it's just really rotten luck.

MD
128  Alternate cryptocurrencies / Altcoin Discussion / Re: mcxNOW Fee shares : Cryptocurrency daily earnings on: August 26, 2013, 06:52:35 AM
If you like trading on mcxnow, use it.

If you want to invest in mcxnow, contact real solid. I hear that there is a waiting list.

If you don't like either one of those ideas, don't do it.

If you think real solid and everyone on mcxnow are trolls... Don't feed them and go away.

I think that just about does it for mcxnow trollers exception handling.
129  Economy / Securities / Re: [HAVELOCK] Crypto Currency (CFIG) Official Thread on: August 26, 2013, 06:45:35 AM
I have thought a lot about CFIG in the context of what comes next for bitcoin, and posted a lengthy analysis at our company blog:

Excellent post. You have actually consolidated and verbalized many thoughts that are floating around out there. Your prose was easy to read and showed a great deal of thought and attention into how an entity like CFIG could operate in today's environment.

While no one can accurately predict the future, I sincerely think that we are still in the early days of crypto. It shares many of the same features as the early days of the Internet. In my mind, bitcoin going to ASIC is like users going from dial up to early DSL. Crypto currency is the next level up technology that our world needs. Built upon the foundations of the Internet, governed by none, crypto currency will be the nexus of commerce for years to come.

Crypto currency will, in short order, be adopted by the global community. It's adoption will share many of the same traits and properties as the Internet growth had experienced. Unlike the Internet growth cycle, this technology can present a real opportunity for those that have the foresight, wit and fortitude to venture into an uncertain future. The Internet growth cycle was largely hamstrung by industrial giants and they pick and chose who the lucky "dot com" winners would be. Here, commerce can be made directly between individuals and even companies without any middleman. This is what the Internet was built for. This is what the people everywhere needs.

Until this invention, there has not been any currency in all of human history that allowed a person anywhere on the planet to freely conduct a transaction with another. Where the Internet provides the freedom of speech to everyone; crypto currency provides freedom of action.

This is the first real 21st century invention that has the greatest potential of freeing all of us from the shackles of the Industrial Age and the evils of industrial war. This invention has the greatest chance to propel humankind into the next Age.

My only hope will be that this here nascent community will be enlightened enough to support it's development and to resist the terrors of the industrial overlords and its tactics.
130  Alternate cryptocurrencies / Altcoin Discussion / Re: ypool down on: August 25, 2013, 06:04:52 AM
Well his DNS still resolves. Oddly...I did a trace to his server a while back to check latencies but it was at a different server than this one:

tracert ypool.net

Tracing route to ypool.net [87.106.246.243]
over a maximum of 30 hops:

  7    93 ms    93 ms    94 ms  eqix-da1.1and1internet.com [206.223.118.141]
  8   101 ms   102 ms   104 ms  te-2-4.bb-c.fil.qas.us.oneandone.net [74.208.1.79]
  9   168 ms   170 ms   173 ms  te-3-4.bb-d.bv.crb.fr.oneandone.net [74.208.6.101]
 10   172 ms   170 ms   171 ms  te-2-4.bb-d.bap.rhr.de.oneandone.net [212.227.120.42]

 11   186 ms   184 ms   185 ms  ae-1.bb-c.tp.kae.de.oneandone.net [212.227.121.167]
 12   179 ms   179 ms   179 ms  ae-2.gw-distp-a.bs.ka.oneandone.net [212.227.121.210]

 13   178 ms   177 ms   178 ms  ae-1.gw-prtr-r1-1a.fs.kae.de.oneandone.net [195.20.247.137]

It's failing somewhere upstream of that. I hope his domain didn't get hijacked.

MD
131  Local / 日本語 (Japanese) / Re: Japanese! on: August 24, 2013, 05:59:53 AM
I realize that this is a bit of a long shot but I am looking for someone that can help me with some PC-based help in Osaka Japan. Please PM me for more details if you are technically inclined and live somewhere near Osaka.

Thanks.

MD
132  Economy / Securities / Re: [HAVELOCK] Crypto Currency (CFIG) Official Thread on: August 22, 2013, 06:32:09 PM
So as it turns out, people are only willing to invest about BTC630 (at the time of writing) in the idea of CFIG.

Minor nitpick, 828.15 BTC / 5521 shares have sold.

MD
133  Alternate cryptocurrencies / Mining (Altcoins) / Re: [XPM]unofficial jhPrimeminer thread on: August 19, 2013, 06:12:36 PM
I have it on 75% of the miners. My unconfirmed (after 2h) has not dropped. Seems good so far.

MD
134  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Netcodepool.org - LTC Pool - Best Community, Lowest Stales, Prizes! on: August 17, 2013, 12:20:06 AM
I wouldn't recommend mining at this pool, I used to mine there, but honestly there are better LTC mining pool alternatives.

That isn't what turned me off though. What did it was that in their forum they opened a topic about how they're developing a Litecoin FPGA. The thread was extremely shady looking, absolutely no proof of anything, just lots of promises in text and of course they're raising money for developing it, over 300LTC worth so far. I then posted in the topic "I'm not sure if this is trolling, or serious" because Scrypt is developed to be ASIC and FPGA proof. If one was created for Scrypt it would require lots of memory, which is something ASICs and FPGAs don't offer. A "project developer" then replied with "How can a thread be trolling?" I then replied with "Your concept design is a hot swap enclosure with your logo pasted on top of it" which is the only real "proof" they have of their creation on their website. I was then promptly banned.

That's not all they've done, they take advantage of bad situations. Ex. when Hypernova lost nearly all their funds, in the Reddit topic netcodepool pops in and basically says "What a shame, at least our pool is working right and everyone pool-less now should join it" which shows that netcode doesn't want diversity in the LTC network, which is what keeps the network alive. I would definitely stay away from this pool, their payment methods are a bit shady as well. I wasn't paid for over 15,000 shares of work (which is 3+ hours of mining) and when I asked why, they replied with "you only get paid for when you're actively mining." So if you stop mining but still have a large unpaid share rate, those shares will have all gone to waste.

Wow. Troll much?

I've been on Net Code Pool for a long while and I have had no issues at all. Some member on there is trying to develop a Litecoin FPGA...If you are interested, great contact them. If not, don't contact them. It's that simple. You can go on MCXNOW, Cryptsy and even on here BitCoinTalk and hear all manner of amazing things going on. It doesn't mean that the owners of those pools / websites are involved in anything. Just that member of the forum that is talking about it is involved with that activity. Your argument meets the fallacy of applying a specific to a generality.

Next, with regard to Hypernova, I personally LOST 7 LTC to Hypernova that I still haven't received. That is why I was pissed at them and I posted that comment that is taken way out of context. I went to NetCodePool because, to this day, I've been paid for all the work that I've done on the pool. Furthermore, they have an active community, contests and things like that. When members have mining problems, one or more of the pool members actively jump in and try to help. So for those reasons, I wanted to share with other people that were previously mining on Hypernova that maybe NCP is worth a look. There are plenty of pools to choose from and it's not like I was saying "EVERYONE JOIN NCP NAOOOO!". It's more like...if you were screwed by Hypernova, consider NCP as I have. The reasons that I was suggesting it is because they seem really legit and responsive. Compared to Hypernova where (as I said) I lost 7 LTC.

So, I would take your griping and complaints with a complete grain of salt as it seems to be not based on any truth. Just trolling.

MD
135  Economy / Marketplace / Re: [BOUNTY] A way to prevent bitcoin fraud on: August 14, 2013, 02:19:23 PM
If it isn't done by the community, it will be done by the government and banking regulators. It's happened time and time before and the government will find a way to make it happen here. Downvote me all you want but I am speaking the truth of what will come to pass.

Internet "regulation" as such has led to the creation of companies like Amazon, Ebay and others where folks can buy with more confidence.

If you want the average consumer to buy with more confidence, then there needs to be a way to prevent fraud. In relation to Mt. Gox, self-regulation would have required that 2 factor authentication would be enabled by default such that a loss could not have occurred. This best practices effort demanded by the coin community would have been required for Mt. Gox to continue to get some sort of seal of approval.

Self-regulation would have meant that LTC-Wallet possibly could not have gone on the air with hundreds of thousands of dollars from the community without some sort of background check.

Now that Bitcoin is 'money', we have to either be self-regulated ... or regulated by the folks that are professional thieves (the banking/government community).

MD
136  Alternate cryptocurrencies / Altcoin Discussion / Re: [XPM][PRIVATE SHARES] Solo XPM Mining Contract - only 25 share holders on: August 14, 2013, 02:10:10 PM
Hi,

I did a bit of math and I wish I could get my math to work but I can't.

Also, if you would release a bit more of a plan for your shareholders that would be better. Furthermore, shareholders is usually a one time investment not a recurring investment. The sales of the coins should contribute to the health of the operations. Asking for subscriptions means that the operation isn't healthy on its' own.

By my math 50 servers would net about .11 BTC / subscriber / month assuming increasing difficulty and decreasing XPM rewards per block and a static 0.008 conversion XPM to BTC and 50 servers.

Even going to 100 servers would only go to about .22 / subscriber / month.

The curve here really screws with a lot of models.

MD
137  Alternate cryptocurrencies / Altcoin Discussion / Re: MCXNow down? on: August 13, 2013, 02:55:24 AM
oh that is promising he just forgot to pay attention to the auto renew emails you get for months......


why all the Coinhunter hate?


~BCX~

Troll Much?

MD
138  Alternate cryptocurrencies / Altcoin Discussion / Re: MCXNow down? on: August 13, 2013, 12:45:56 AM
Nodomainnamenow.com seriously pay your bills man. Trust this moron with your money haha

Just got me a deal on the domain name mcxnow.com haha

Not possible for you to buy the domain. RS still owns it for at least another month.

Eh. I tried to renew it. No go.

17:41 MD: Hi. I want to renew mcxnow.com it belongs to someone else. how can I renew it?
17:42 Anna B.: Hello, you've contacted Live Support! How can I help you today?
17:43 Anna B.: Please hold on, I'm checking
17:45 Anna B.: Is it possible to contact owner, MD?
17:45 MD: eventually. trying to fix a major website down issue over 500+ people can't get to website
17:46 Anna B.: You will need to wait 24 hours as far as we will need to contact owner anyway to ask permission to renew it
139  Alternate cryptocurrencies / Altcoin Discussion / Re: MCXNow down? on: August 12, 2013, 11:19:37 PM
https://54.214.21.183 works
140  Alternate cryptocurrencies / Altcoin Discussion / Re: MCXNow down? on: August 12, 2013, 09:47:33 PM
I'm still getting periodic disconnects due to the domain name expiration issue. I'm able to get to the site direct to the IP 54.214.21.183
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