where are you taking your funds now  ? Sitting in a cold wallet... Quite depressed by the end of JD  Thx dooglus for the smooth mass divest operation. You lived up to your reputation. |
|
|
|
|
IIRC, You were talking of a working prototype of the SWARM platform. When will it be available for (beta?) testing ?
Good luck with the project.
|
|
|
|
Announcement: Over the past few weeks, we've been doing a lot of work on the fee algorithm that Counterparty uses, and now transactions are effectively much cheaper than before. In particular, 'send' transactions can store all of their Counterparty metadata in a 40-byte OP_RETURN output, and you can now specify the exact fees paid for each transaction, as well as the default fee-per-KB amount, dust sizes, and so on. Multi-sig outputs need not be used, so no difficult-to-spend funds need to be sent back to your self at all. This transaction is an example of a modern send transaction that cost only US $0.01 in fees, with a $0.03 output to the destination. It was constructed and broadcast with the following command: counterpartyd.py send --source=SOURCE --destination=DEST --quantity=1 --asset=XCP --encoding='opreturn' --fee=.00002, and it was confirmed almost immediately. If you're moving lots of assets around, or sending one asset to many users, you can use this script to automate the process and keep costs as low as possible. Excellent news! Is this already implemented in counterwallet ? |
|
|
|
Nice div this week, a little increase. June 20th, 2014 - Update about this weeks dividend payout:
Calculation:
1,834.5 LTC or 30.23863062 BTC in total from mining
- 11.09085765 BTC as dividend (0.00037675 BTC/share)
- 16.63628648 BTC reinvestment
- 2.51148649 BTC as hosting fee
Total reinvestment fund now reaches 124.4 BTC. |
|
|
|
What will be possible revenue of Swarm and interest on the swarmcoins? On the swarmcorp.com it says "indication of interest: 500 btc" - what doest that mean exactly?
Presale for the counterparty community. It was disclosed on the counterparty thread. |
|
|
|
...
When they re-invest the fund they hv saved in BTC, the mines dividend will double at least, same as the share price...
Quoted for future entertainment. ... and relevant username  A this time, a good operation with div reinvest will gives us 20% increased Hashrate at most. Which is not that bad... |
|
|
|
|
Impressive ! Really impressive !
|
|
|
|
|
I provided some market for yesterday's matches and won some XCP... Glad to see that the system works flawlessely !
|
|
|
|
|
Difficulty is still slowing down. Open your eyes, this is as much important as LTC/BTC ratio.
|
|
|
|
Difficulty is finally decreasing. Probably big players pointing their miners elsewhere. Date Difficulty Change Hash Rate
Jun 13 2014 10,308 -4.23% 295,148 MH/s
Good for us. |
|
|
|
If I was to invest I would want at least 15%/year to offset the risk
Then you shouldn't invest. Average return over the last 6 month compared to the current invest amount is around 11 % So more than 15%/year!? Expected return on the last 6months is far greater than 7% 10,95% /year exactly, based on the last 6 month data & today's invested pool value. I didn't compound the interest since I suppose everyone compounds it. |
|
|
|
If I was to invest I would want at least 15%/year to offset the risk
Then you shouldn't invest. Average return over the last 6 month compared to the current invest amount is around 11 % |
|
|
|
I wonder if there are good opportunities for automatic arbitrage between the Counterparty DEx, Bter and Poloniex.
It exists, I did some successful arbitrage trades but it takes time if you don't automate the process. The best opportunites exists between BTER and Poloniex, since the DEX "buy orders" part is not automatic enough. But if there's a upward movement, you can take advantage of big blocks that stays available on the DEX. Best practice (if you never did it) is to have around 400 XCP & 2 BTC on both exchanges and to transfer the difference overnight to rebalance. Don't buy when the spread is too low (below 1%). I did 0.45 BTC profit in ten days 3 month ago. It works better when there is some volatility though... Now you'd be happy to make 0.02 BTC /day It's always good if someone do it, since it'll provide liquidity and reduce spread. The best way should be to write a bot but that's clearly out of my scope ! |
|
|
|
To be fair, to have over 50k invested on a site where you expect, on average, to have around 15 profit a day is insane. The amount of risk involved in investing in a site like this is huge, just look at the other Dice sites and you'll know what I mean.
That's almost 11% a year. Not a bad return, but the risk is indeed to big for the reward. |
|
|
|
Why would you like to regulate the free market. Yes, although as a long term investor which never divest. I have vested interest on this rule. While one would leave the game when the profitability is too low and switch to other places (like dicenow.com for me, they even offer leverage option by up to 10x)
Also, if you have heard of BTC-DICE (a shameless ripoff of just-dice by another Chinese, stock listed on 796.com), they limited the max invest amount when they launch (they claim it is for the purpose of testing the system without over risking themselves). While the result is that everyone is always pinging the server to wait for any new people to divest.
tl;dr: Don't fuck with free market
Just Dice is not a free market. Just Dice is an autocracy where dooglus decides what he wants. He's a good autocrat so far, we all agree on that. If he decide to give a chance to smaller investors to get a decent revenue, that's his choice, if he decides to apply the "free market rule" to his site, that's his choice. The problem of pinging the site for free invest slots is not a problem. He could implement an "auto invest" system with a parallel queue. |
|
|
|
Si j'ai bien suivi Counterparty (XCP) vient de release une update du code ce matin. Ce genre d'évênement c'est tjs à double tranchant, soit y a un major flaw/essuye les plâtres, soit c'est auréolé de succès.
Encourageant de voir que c'est actif en tout cas.
Une update majeur ? Oui c'est risqué mais je ne comprend pas, ça a du être intensément testé avant d'être mis en prod, pourquoi prendraient t-ils un tel risque ? Si je comprends bien, c'est passé en master, donc prétesté avant. Pour suivre le projet de près depuis un petit temps, ca m'étonnerait très fort qu'il lancent un update dans la nature sans l'avoir testé. Meme si mon avis est certainement biaisé, je pense que Counterparty ira loin (XCP aussi, par la meme occasion) Beaucoup de projets sérieux se mettent en place comme SWARM qui va bientot commencer son fund raise et XBet.IO qui démontre l'utilité du XCP et l'efficacité du systeme de betting du protocole. Counterwallet est très impressionnant comparé aux équivalents Mastercoin qui font très amateur. |
|
|
|
**snipped image**
invested amounts are going up like crazy since last week. there was much publicity on reddit about user theymos bets of Fri, Jun 6. could this bring that much investments? also, part of invested amounts are likely to be wagered at some point.
what other conclusions can be made?
I'd suggest 2 things : - Limit the maximum invested amount to 50k BTC (any excess BTC won by the investors would be automatically divested) you could only invest when the amount is lower than 50k BTC - Etiquette rule that limit 1k BTC invest amount / person (Etiquette rule because that's basically impossible to enforce since one could make multiple accounts...) At the moment, the 1% richest BTC holders are taking all the profits for themselves... |
|
|
|
What I cannot grasp yet is how XBet.IO takes the 1% cut? If they never have access to your "bet". how does the CounterParty network know that it should send 1% of the profit to XBet.IO's address?
Because the 1% is sent to the feed issuer (xbet in this case) by the counterparty network after the result feed is published. The % is actually decided by the issuer, so you could eventually publish "free" feeds to bet on... |
|
|
|
|
A suggestion : Since the goal (and the fun) is to bet each other, a good idea would be to publish oddsshark.com odds (or another big bookmaker odds) below every match, so you can suggest a realistic odd when there are "not bets yet" Correct me if I'm wrong but it is in your intrest for the bets to be as fair as possible since you only take 1% of the resolved bets.
|
|
|
|
This means that all bets will be seen attached directly without any other party holds funds betting?
see, for example, Brazil vs Germany I bet on brazil, and I bet the funds will be collected on all others who choose brazil?
and if Germany lost, the total funds betting Germany will be divided equally to all who choose brazil?
Actually, it doesn't work that way. (xbet.io, correct me if I'm wrong) You bet against other betters, for example, you chose to bet for a Brazil win against Croatia, you chose a "back" bet with the odds you want. You funds (in XCP) will be escrowed at that point (by the counterparty network, inside the BTC blockchain, and NOT by xbet. This is the true novelty here) From that point on, you will have to wait for someone to place a "lay" bet (meaning, Brazil WILL NOT win) that matches (or surpass?) the odds of your bet. Bets will be matched by the counterparty network and you will then have to wait for xbet.io to publish the result (the feed) after the match No "pot" is made and if no one matches you bet, your XCP are released from escrowed and you receive them back. About the 1%, is it taken at the betting moment or at the bet is resolved ? What happen if a bet is not matched, or partially ? As said before, you don't trust XBet with your money, but you trust them only to publish the correct feeds (results) But that would be silly for them to rig the results because everybody would notice it immediately... |
|
|
|
|
Show Posts
