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1  Economy / Goods / Re: Selling domain names buybitcoins.com & sellbitcoins.com on: April 05, 2022, 04:08:06 PM
Those are great names, did you try selling it on godaddy or afternic

I have it listed on Dan.com; I will look into godaddy & afternic as well. Thanks.
2  Economy / Goods / Selling domain names buybitcoins.com & sellbitcoins.com on: April 02, 2022, 05:35:53 PM
I have two bitcoin related domain names for sale, buybitcoins.com and sellbitcoins.com

If you're interested in buying either, please PM me with an offer.

We can use escrow.com to complete the sale.

"buybitcoins.com" in particular is a top bitcoin domain with great SEO value. I believe it could be sold for 10 to 20 BTC to the right buyer (like a bitcoin exchange).  I'd be willing to sell it for at least 2 BTC.

For "sellbitcoins.com" I'd accept bids of 0.5 BTC or more.

Please feel free to post here or message me with any questions.
3  Alternate cryptocurrencies / Altcoin Discussion / Looking for help launching Betcoin P2P betting currency on: November 16, 2021, 02:59:26 AM
I am working on a new cryptocurrency called Betcoin and need some help with next steps for the project.  The software is ready to launch but I still need lots of help with branding, marketing, and getting listed on exchanges.

Betcoin uses an innovative POW/POS hybrid model where part of the money created is given out to miners and part of the money is given out to players for betting on virtual sports. Betcoin runs on a blockchain called Datachain which uses the scrypt mining algorithm so I am also looking for people with scrypt miners to help secure the network.

If anyone here is interested in helping out please feel free to DM me.  You can read more about the project at these links:
https://poly.cash/
https://github.com/PolyCash/polycash
https://github.com/datachains/datachain

4  Economy / Securities / Re: Seeking investors to launch an eSports betting business on: June 23, 2020, 04:56:35 PM
I'm not too familiar with your diagram, but levels 3 and 7 would both seem to apply to how consensus is maintained here.

My diagram is of the Open Standards Interconnection model - something anyone working on networks learns right away.  Using words to make you sound more intelligent usually has the opposite effect. :/

Anyway, if anyone is still interested in you, you never answered how you "always maintain the private keys to your bets and never send coins to a trusted intermediary".

Hi Vod, each bet placed in a PolyCash game is associated to a Litecoin UTXO.  When setting up your own PolyCash node, you first install litecoin as a full node.
You then acquire in-game coins from an exchange or by purchasing them from another user.
The private keys to your bets are stored in your litecoin wallet.dat
5  Economy / Securities / Re: Seeking investors to launch an eSports betting business on: June 22, 2020, 04:59:20 PM
Bets are placed and paid out at the protocol level, so you always maintain the private keys to your bets and never send coins to a trusted intermediary.

Pretty serious statement.   What protocol level are you talking about?



Non custodial betting exchanges aren't a new thing... they use smart contracts. Not sure how OP plans to accomplish this using litecoin which doesn't have smart contract capabilities though.

Degens uses an audited ethereum smart contract https://github.com/degensprotocol/degens-contract

I'm not too familiar with your diagram, but levels 3 and 7 would both seem to apply to how consensus is maintained here.
PolyCash is a protocol for colored coins.  Each currency launched on this protocol runs on a UTXO-based blockchain like Bitcoin or Litecoin.
This consensus paradigm doesn't rely on smart contracts.

PolyCash nodes remain in sync as long as they agree on parameters that define the currency.
For this eSports stablecoin, nodes maintain consensus on transaction data by referencing data from the Litecoin blockchain.
But transaction data isn't the only information needed to maintain consensus.  Info about the betting events plus base parameters for the currency are included in the game definition (a text file).  Nodes verify that they're in sync by comparing game definitions with their peers.
6  Economy / Securities / Re: Seeking investors to launch an eSports betting business on: June 17, 2020, 03:19:56 PM
I'm not sure I understood it correctly, but betting odds can change drastically? Can then change after I make a bet, or is my bet locked it at a time I made it?

This system uses parimutuel betting, so odds are not fixed until betting ends.

You can see the current odds when you're placing your bet, but those odds may go up or down a bit, depending on how people after you bet.  Everyone gets the same odds once betting ends.

Parimutuel betting is a poor system for sports betting. You will want to do fixed odds betting.

Fixed odds betting relies on two-party contracts and there are plenty of existing systems for that.  For this, we used a more decentralized design for parimutuel betting.

With all bets placed by users, there's no need for a house.  Bets are placed and paid out at the protocol level, so you always maintain the private keys to your bets and never send coins to a trusted intermediary.

By eliminating the house edge / vigorish (typically 10%) we intend to attract bettors with significantly higher payouts.
7  Economy / Securities / Re: Seeking investors to launch an eSports betting business on: June 17, 2020, 02:49:57 PM
This is not a project that you are going to be in haste to achieve success. The site looks okay and if indeed you get investors, you didn't state their benefits and what measure you are going to put in place to ascertain its fulfillment.

I'll put more info about the investment I'm seeking on the website.  Thanks for your feedback.
8  Economy / Securities / Re: Seeking investors to launch an eSports betting business on: June 17, 2020, 02:48:45 PM
This is like Onehash, they're also a mutual betting bookie. I thought when you have said about investors, you're looking for funding to the entire platform that you're building but little did I know that it's already built.

The structure that you're asking the investors is to simply bet and increase the volume day by day. You didn't mention how the investors will make from that structure.

I would like to make profit-sharing agreements with any investors.  Fees on betting are low (0.10% to 0.5%), but with good volume there should be money coming in.

It is also a very liquid investment.  Investors hold the private keys to their money and can cash out their stablecoins at any time.
This looks more a long term venture with you and for the investors. I think you must include that profit-sharing idea on your first page so that if a potential investor of yours comes in, he has an idea how would be the business structure and idea you're offering to them.

As you have mentioned stable coins, so this is going to be a bitcoin and stable coins accepting esports bookie?

Yes, we are launching an esports bookie using this tech, and accept bitcoin.  It's not that we are accepting stablecoins, but rather that the eSports betting is accomplished through a stablecoin that we are launching which uses the Litecoin network for its private keys.
9  Economy / Securities / Re: Seeking investors to launch an eSports betting business on: May 29, 2020, 07:29:13 PM
This is like Onehash, they're also a mutual betting bookie. I thought when you have said about investors, you're looking for funding to the entire platform that you're building but little did I know that it's already built.

The structure that you're asking the investors is to simply bet and increase the volume day by day. You didn't mention how the investors will make from that structure.

I would like to make profit-sharing agreements with any investors.  Fees on betting are low (0.10% to 0.5%), but with good volume there should be money coming in.

It is also a very liquid investment.  Investors hold the private keys to their money and can cash out their stablecoins at any time.
10  Economy / Securities / Re: Seeking investors to launch an eSports betting business on: May 28, 2020, 08:32:24 PM
I'm not sure I understood it correctly, but betting odds can change drastically? Can then change after I make a bet, or is my bet locked it at a time I made it?

This system uses parimutuel betting, so odds are not fixed until betting ends.

You can see the current odds when you're placing your bet, but those odds may go up or down a bit, depending on how people after you bet.  Everyone gets the same odds once betting ends.

Can't speak for everyone, but thats a big issue in my mind. If I want to bet at for example 1.5 odds, and they later become 1.1, thats not good. I'm essentially making a bet, and hoping the odds would be good as well. Thats like a double bet.

Yeah I do see your point.  People are used to their potential payout being fixed at the time they place their bet.

But I think this system can work well for betting markets with large volume.  If you place your bet near the end of the betting period, the odds are not likely to change much by the time betting ends.  And of course the odds could change in your favor rather than changing against you.

If the odds do change dramatically, you can effectively cancel your position by betting on the other options.

Since this is open source & running on the blockchain, bets can be placed in an automated way & there's very little friction.

On average bookmakers may pay out only 80% or 90% of the money they take in.  So offering payouts that are on average ~20% higher can hopefully overcome objections to the differences with this system.
11  Economy / Gambling / Re: Help launch decentralized betting: create your own betting hedge fund on: May 27, 2020, 03:53:39 PM
We are now distinguishing between the protocol (PolyCash) and a site dedicated to eSports betting (StakeMoney)

To check out the eSports betting, follow this link:
https://intro.stakemoney.com/
12  Economy / Securities / Re: Seeking investors to launch an eSports betting business on: May 27, 2020, 03:43:57 PM
I'm not sure I understood it correctly, but betting odds can change drastically? Can then change after I make a bet, or is my bet locked it at a time I made it?

This system uses parimutuel betting, so odds are not fixed until betting ends.

You can see the current odds when you're placing your bet, but those odds may go up or down a bit, depending on how people after you bet.  Everyone gets the same odds once betting ends.
13  Economy / Securities / Seeking investors to launch an eSports betting business on: May 24, 2020, 08:59:12 PM
I'm launching an eSports betting business & looking for some help.  The goal is to provide maximum odds & payouts to bettors using open source P2P tech.

The technology for this business is fully built.  It makes extensive use of the blockchain for the underlying betting system, and also uses the blockchain for player deposits and withdrawals.  You can read my post history to get some more information about this technology.

Betting operates with no house and the payouts & odds for each event are determined entirely by player bets.

I need some investors who can consistently wager money on eSports betting events.  Currently we have very low betting volume which means that when bettors join, they find that they can't bet very much money without dramatically changing the odds on eSports matches.

Investors will essentially set up their own "eSports betting hedge fund" where they'll bet on eSports matches.  By betting on both sides of each match, investors can provide liquidity to betting events and also avoid losing or gaining much depending on the outcome of each match.

If you're interested in getting involved, please DM me, reply with any questions in this thread or visit our eSports betting landing page:
https://intro.stakemoney.com



For more info on the tech behind this project, you can follow these links.
https://poly.cash
https://github.com/PolyCash/polycash
14  Economy / Gambling / Re: Help launch decentralized betting: create your own betting hedge fund on: April 22, 2020, 06:27:00 PM
So, essentially the private keys that your clients possess are for a centralized stable coin that can only be redeemed on your platform?  Please explain to me how the term "decentralized" applies to any aspect of your service.

This is open source and anyone can install a node.  This is an implementation of the colored coins concept and is compatible with Bitcoin, Litecoin and any other blockchain based on bitcoin's code.

Unlike ICOs I'm not trying to launch a single currency.  Anyone can use this open source protocool to launch their own currency.

Here I'm proposing a stablecoin pegged to the dollar and using the Litecoin network.  Players own coins with litecoin private keys held in a litecoin wallet on their node.

It's possible to use this protocol to launch coins which are not backed by anything.  But I believe coins should be backed by sources of value which is why I'm pursuing a business model which uses stablecoins.

Yes, the stablecoin aspect means this is less decentralized than bitcoin and is more similar to Tether.

One of the weaknesses of Tether's business model is that there is no end date to their stablecoin.  Tether holders are asked to trust Tether to keep every coin fully backed by a dollar, without incurring any operating expenses and no end date to the scheme.

Here I'm proposing a series of stablecoins each of which has an end date.  When a game ends, the source of value funds are paid out and the stablecoin is terminated.  Then another game starts and players have the opportunity to buy in to the next game.  You can buy from the stablecoin issuer or from other coin holders via an exchange.  Putting an end date on each stablecoin means that any situation where the stablecoin issuers fails to maintain the escrowed store of value funds becomes apparent.

I believe the transparency and incentives in this design are a much better way to guarantee against fraud in comparison to stablecoins like Tether.  Charging fees to bettors by burning some coins whenever a bet is placed causes the supply of coins to constantly reduce, and these fees accrue to the stablecoin issuer by reducing the amount of store-of-value funds owed to the coin holders.  Giving stablecoin issuers a legitimate way to make money makes the business model work and allows them to earn a transparent profit which they can use towards operating expenses.

As I mentioned above, the business model that I'm pursuing is not similar to ICOs where the founders make money via seigniorage.  Instead in this business model, fees are earned by the stablecoin issuer and any "hedge funds" which help sets the odds and provide liquidity to the bettors.  Bettors benefit since they get odds which are higher than traditional bookmakers and also from more decentralized design of this system (open source software, holding your own private keys).
15  Economy / Gambling / Re: Help launch decentralized betting: create your own betting hedge fund on: April 18, 2020, 02:35:32 AM
This peer to peer betting looks interesting but creating our own betting hedge fund at this stage where the market is not very clear as the only good news ahead is the bitcoin halving and what is the minimum amount you are looking to raise for the functioning of this decentralized peer to peer betting.

I would like to launch real money betting with a game that isn't too long (say 1 week or a month).

Anyone who wants to participate can sign up and commit a dollar amount.  Once enough commitments are made, everyone will send in their money via BTC which I'll immediately convert to dollars.  The game will then be launched, and I'll distribute in-game coins to the investors in proportion to the amount of money they sent in.  (In game coins will just be called dollars since they're pegged to the dollar).  The game will run on Litecoin network, which means that to launch the game I'll create a genesis transaction on Litecoin, and then each investor will receive their in-game coins via a Litecoin address.  (They will receive a tiny amount of litecoins which will have a larger value in dollars via the PolyCash protocol).

Betting on eSports events will then run while the game is in progress.  The game will end at a fixed time, at which point the currency will be wound down by the stablecoin issuer (me in this case) buying back the in-game coins while maintaining the 1 dollar per in-game coin peg.

Players / investors should install their own nodes.  It's possible to play by creating a web wallet on a hosted node, but much better if players run their own nodes.

I would like to get at least 20 players who each put in $100 to $500 for this trial run.  Some of the details of this are still flexible.  For example, we could use Rock Paper Scissors betting rather than eSports betting.  We could use Bitcoin blockchain to run the game rather than Litecoin.  (The reason I'm proposing Litecoin is because the fast blocks are good for betting, and transaction fees are low).  We could keep the in-game coins pegged to BTC rather than dollars.  Buy-ins and payouts could be done with Tether rather than Bitcoin.
16  Economy / Gambling / Re: Help launch decentralized betting: create your own betting hedge fund on: April 16, 2020, 04:33:04 PM
Can you please elaborate more on this:

When you bet you donít send money to a trusted intermediary.  Instead, bets are placed by sending coins to your own addresses so that you maintain control of the private keys for your bets.

How can you ensure the clients will pay-up on their losses?

To place a bet, you actually burn coins by sending them to one of your own burn addresses.  When the outcome of the betting event is determined, winning bets are paid by the protocol creating new coins at the address associated with the betting transaction where you burned coins.

And then later I read this:

PolyCash is a platform for stablecoins and eSports betting will operate with coins pegged to the dollar.  You can buy in and sell out at any time using bitcoin, but the bitcoins will be converted to dollars based on the exchange rate at the time of each transaction.

So, are the private keys mentioned previously for your own stable coin?

Stablecoin functionality is where some centralization comes in.  Like Tether, the peg between in-game coins and dollars relies on people purchasing coins with dollars, and those dollars being held in escrow.  Coin holders can sell out at any time by redeeming their in-game coins for dollars from the stablecoin issuer.

Unlike ICOs, the stablecoin issuer does not make money via seigniorage (printing money).  The business model for a stablecoin issuer is more like that of a bookmaker.  Players deposit money, bet, and then cash out.

It's possible for the stablecoin issuer to charge fees on bets without ever holding the private keys to any bets.  This is done by setting the payout rate for betting events to below 100%.  For example in the play money Rock Paper Scissors Fast game, the payout rate is set to 99.9% (fees of 0.10%).  The amount of new coins created in the payout is slightly less than the coins burned by players in bets, causing the supply of coins to constantly reduce.  The stablecoin issuer maintains the peg of 1 dollar per in-game coin, and therefore keeps these fees as their profit when the game ends since they owe less dollars to players than they originally took in.
17  Economy / Gambling / Re: Help launch decentralized betting: create your own betting hedge fund on: April 14, 2020, 03:45:08 PM
The current ban on sports is not a major problem since we are focusing on eSports.  We also have betting games based on random numbers from the blockchain, and based on stock prices.
Yeah right.

Esports is still a continuous industry despite the ban problems the world is facing.

I think I've heard of this "polycash", have you ever launched or advertise this somewhere a few years ago?

Yeah, it has been publicized in several other threads here on bitcointalk - you can check my post history to see those threads.  It has previously always been using play money.  I'm hoping real money betting will gain more interest now.
18  Economy / Gambling / Re: Help launch decentralized betting: create your own betting hedge fund on: April 14, 2020, 03:37:40 PM
very interesting project
peer to peer betting protocol

https://github.com/PolyCash/polycash

isnt clear to install, how i can have a operator_key?

thank you for response

The operator key is like a password that allows you install the app.  Just generate a random string of characters and enter that into your config file as the operator key.  If you're installing on your local computer rather than a public facing server, you can even just leave the operator key empty.  I will try to make sure that's clear in the README.
19  Economy / Gambling / Re: Help launch decentralized betting: create your own betting hedge fund on: April 14, 2020, 01:14:30 AM
The current ban on sports is not a major problem since we are focusing on eSports.  We also have betting games based on random numbers from the blockchain, and based on stock prices.
20  Economy / Gambling / Re: Help launch decentralized betting: create your own betting hedge fund on: April 12, 2020, 02:59:51 PM
So your platform is ready and all you need is fund?. I am not interested as of now but I have some question to ask. What are the advantages and disavantages using your platform and what makes it different from other same platform as you have?. We all know that sports are being cancelled or postponed.

Yes, the platform is ready but funding is needed.

The advantages of this are:
  • You hold the private keys to your bets.
  • It's open source.
  • Peer to peer design: anyone can set up a node.
  • Odds are set by player bets rather than by a house.
  • Highest odds and payouts compared to bookmakers.
  • Compatible with bitcoin, litecoin & any blockchains based on bitcoin's code.
  • Stablecoin functionality: in-game coins can be pegged to dollars, bitcoins etc.

Disadvantages are:
  • Centralized bookmakers make more profit on bets.  That makes the business model trickier to get going with this system.
  • No accumulator/parlay bets.  This system uses parimutuel betting and does not support parlay bets.
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