I wonder if they'll crash the market when they sell the BTC?
i really hope they dont sell my coins and give me $11 each for them :/ That would be a pity shameless robbery  FTFY But sadly that's a usual kind of robbery for the legacy "justice" system... |
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Easier way would be working a deal with bitstamp for a USD credit line collateraliced in BTC. You can even use some multisig addresses to hold the collateral, removing some trust issues. When you need more USD in bitstamp, you can send more BTC to the address. When BTC raises, your collateral becomes more valuable, and your credit gets better.
But on a crashing market you'll need to have a lot of BTC on hold to refill the collateral, or that could end on a disaster...
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There are also a bunch of accounts that never did a withdrawal, so for those I am likely going to put together a donation
I would advise you not to do that. Keep them in reserve, safely stored somewhere offline. Forever, if it comes to that. But you're exposing yourself to a potentially huge liability in the future, if you do otherwise. Meanwhile, when they remain frozen, they act like a small donation to the whole economy.  |
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It has been working for me the whole time.
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Hola, ahí modifiqué el op y voy a cerrar el hilo. Esta oferta es muy antigua. No estoy comprando en este momento.
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The only way that I can see to make it a little more provably fair to investors is making a system of distributed server seeds, and giving access to each new server seed to a different big investor. That way you can even distribute the risk of holding everything on a single hosting service. So on each roll the central server asks to each seed server what's the hash for that roll of that user, and the seed servers answer with a corresponding hash which is then used to roll the final number.
Main drawbacks would be a lot of added complexity, maybe increased unreliability if you need all the servers up all the time, probably a cost/benefit ratio too high...
and the whale as a big investor......? Yes, but he would have access to only one server seed, which would be worthless without the main server seed, and the other 3, 4, 5 you'll have distributed around.... |
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The only way that I can see to make it a little more provably fair to investors is making a system of distributed server seeds, and giving access to each new server seed to a different big investor. That way you can even distribute the risk of holding everything on a single hosting service. So on each roll the central server asks to each seed server what's the hash for that roll of that user, and the seed servers answer with a corresponding hash which is then used to roll the final number.
Main drawbacks would be a lot of added complexity, maybe increased unreliability if you need all the servers up all the time, probably a cost/benefit ratio too high...
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The only urgent change that has to be done as soon as possible, in my humble opininon, is a very simple one, and is putting a huge warning on the investing windows about how risky the investment is, how returns aren't at all guaranteed, how there will be a lot of variance and there can be huge losses on the short term, only invest what you can afford to lose, etc, etc. Maybe even put a little warning always next to invested amount when it is >0.
Maybe increasing investors awareness, there would be less whining, which is the biggest problem at this moment...
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My favourite bit was "How can you trust me? Well, you can't..."  We should invent a "provably fair blackmailing" to help the poor, defenseless guys like this one...  |
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If something has to be done about limiting "daytrading" investments, I would say that a small divestment fee could be a reasonable solution. It would encourage remaining invested, not to degrade the max bet with those fluctuations.
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some investors will wait ages to recover their losses as everyone will invest back now  Exactly, those who stayed are going to wait ages for recovery, while those who left and go back now are going to benefit from the lower variance! Insane. Yes, that's me. Kinda hurts to know that even dooglus divested, plus he suddenly changed the rules while the only customers that could have made us quickly recoup those losses was playing, pissing him off big time. I was ready to lose 100% of my investment playing against Nakowa because I have faith in both math and the weaknesses of gambler psychology, but realizing that it will now take ages to recoup that investment because of a management decision really sucks. Includes me as well. I'm not happy about this. The whale showed us that large bets are risky for the house. Why not to change house edge with a bet size? So that someone could bet even 1000 bitcoins at once, but with a house edge like 20-30%.
The house was never in any danger of going bust. That's the beauty of the Kelly criterion. You nevere risk more than 1%. Count me between the unhappy ones. We were already voting with our wallets, by staying invested. This unilateral decision has screwed everybody. Gamblers and investors. |
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What lawyers?
You'll need lawyers. And good ones. |
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Step 2 in my method is supposed to combine all the unspent inputs into one giant input. That mixes all the coins together. Coins in the same address from different inputs are not necessarily mixed yet.
It seems to me that "your method" puts all the liability on you. You won't make enough from your fees to pay to your lawyers. |
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Maybe some optional Hall of Fames could be a nice incentive to gamblers. It would be nice if they can opt in or out of them on the account configuration. Something like a Top Ten of Amounts Wagered, Won and Lost could do the trick.
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I thought that Asicminer sent 1 satoshi per share to identify how many shares belong to each address. 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF looks like the address used to send both dividend payments and satoshis, but it looks like the satoshis stopped being sent after 2013-05-29 ( https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF?offset=100&filter=0). Did they stop doing this? Isn't this the only official way to verify ownership of shares? The reception of the dividends is all the proof that's needed. They stopped sending the satoshis to avoid embedding dust into the blockchain. |
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Site profit decreased a little bit, is it the good time to invest now?
It's a good time to invest if the overall investment decreased.
Just-dice keeps popularizing the new "investor's fallacy" Any time is equally good or bad for investing. It's just random. |
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'I want to link my Bitcointalk name with BTCJam's. Verification code: cced8c9a-664d-40ba-8cd1-c2f841935eda'
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From cloudflare:
For the folks having the problem using Linux or Mac OSX could you ask them to run this and provide the output?
openssl s_client -connect bitfunder.com:443 -tls1 -tlsextdebug -status
Thanks,
Ukyo
CONNECTED(00000003)
TLS server extension "renegotiation info" (id=65281), len=1
0001 - <SPACES/NULS>
TLS server extension "EC point formats" (id=11), len=4
0000 - 03 00 01 02 ....
TLS server extension "session ticket" (id=35), len=0
TLS server extension "heartbeat" (id=15), len=1
0000 - 01 .
OCSP response: no response sent
depth=1 C = BE, O = GlobalSign nv-sa, CN = GlobalSign Organization Validation CA - G2
verify error:num=20:unable to get local issuer certificate
verify return:0
---
Certificate chain
0 s:/C=US/ST=CA/L=San Francisco/O=CloudFlare, Inc./CN=ssl3952.cloudflare.com
i:/C=BE/O=GlobalSign nv-sa/CN=GlobalSign Organization Validation CA - G2
1 s:/C=BE/O=GlobalSign nv-sa/CN=GlobalSign Organization Validation CA - G2
i:/C=BE/O=GlobalSign nv-sa/OU=Root CA/CN=GlobalSign Root CA
---
Server certificate
-----BEGIN CERTIFICATE-----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-----END CERTIFICATE-----
subject=/C=US/ST=CA/L=San Francisco/O=CloudFlare, Inc./CN=ssl3952.cloudflare.com
issuer=/C=BE/O=GlobalSign nv-sa/CN=GlobalSign Organization Validation CA - G2
---
No client certificate CA names sent
---
SSL handshake has read 3679 bytes and written 356 bytes
---
New, TLSv1/SSLv3, Cipher is ECDHE-RSA-RC4-SHA
Server public key is 2048 bit
Secure Renegotiation IS supported
Compression: NONE
Expansion: NONE
SSL-Session:
Protocol : TLSv1
Cipher : ECDHE-RSA-RC4-SHA
Session-ID: DF7356ADB3B4AA6D96C3A671773E3CC30E3D9CDDE42256C562BF454A567375B4
Session-ID-ctx:
Master-Key: 4590D7994DAE99FABDCABCE1058788C9BD3AC3674DB4318C9B0650CFA969B8968C78B15833108B620BEE838AC968B6EC
Key-Arg : None
PSK identity: None
PSK identity hint: None
SRP username: None
TLS session ticket lifetime hint: 64800 (seconds)
TLS session ticket:
0000 - 96 a2 db 19 78 34 e2 b9-a6 a8 1d 5d 7e 6a 00 29 ....x4.....]~j.)
0010 - 1a b9 9c c7 31 cc 8f 1f-e7 d4 7d 48 10 08 84 89 ....1.....}H....
0020 - b8 55 54 e4 44 33 c6 af-39 81 ee b5 5f 93 02 0a .UT.D3..9..._...
0030 - 2b 39 8e e4 64 4e 2b 4f-15 15 05 fd d9 23 a2 d3 +9..dN+O.....#..
0040 - aa c2 b9 0a 3a 17 18 63-15 99 7e a1 4c 36 92 55 ....:..c..~.L6.U
0050 - 13 e8 21 f4 6d 8a 1b 91-d4 8f af e6 42 a8 21 5d ..!.m.......B.!]
0060 - a3 48 68 ab 68 83 54 a8-2e 67 10 67 1e b0 5c 7c .Hh.h.T..g.g..\|
0070 - 63 71 a4 49 ac 83 31 aa-61 c8 0e bc ca 11 c0 fa cq.I..1.a.......
0080 - ff 9c bd 2c 70 62 57 77-d7 d2 72 63 28 d0 26 29 ...,pbWw..rc(.&)
0090 - da 09 17 0c 89 96 29 5a-45 d0 ee 6e 95 14 c1 77 ......)ZE..n...w
Start Time: 1376953299
Timeout : 7200 (sec)
Verify return code: 20 (unable to get local issuer certificate)
---
closed
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BTW, have you researched the franchising option that AM is about to offer? It might fit ideally with this operation...
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Anybody complaining about variance shouldnt be investing into venue like this. I think everything is just about right
biggest bets in last 60 minutes
+----------+------+--------+--------+-------+---------------------+
| betid | bet | profit | chance | uid | date |
+----------+------+--------+--------+-------+---------------------+
| 25398991 | 250 | 250 | 49.5 | 31791 | 2013-07-14 18:48:40 |
| 25414853 | 242 | 242 | 49.5 | 31791 | 2013-07-14 19:10:28 |
| 25414422 | 242 | 242 | 49.5 | 31791 | 2013-07-14 19:10:02 |
| 25413337 | 242 | 242 | 49.5 | 31791 | 2013-07-14 19:08:47 |
| 25418024 | 239 | 239 | 49.5 | 31791 | 2013-07-14 19:13:59 |
| 25417910 | 239 | -239 | 49.5 | 31791 | 2013-07-14 19:13:52 |
| 25427524 | 238 | 238 | 49.5 | 31791 | 2013-07-14 19:25:15 |
| 25390267 | 225 | 225 | 49.5 | 31791 | 2013-07-14 18:36:34 |
| 25382767 | 215 | 215 | 49.5 | 31791 | 2013-07-14 18:26:00 |
| 25416247 | 188 | 188 | 49.5 | 31791 | 2013-07-14 19:11:59 |
+----------+------+--------+--------+-------+---------------------+
biggest bets in last 60 minutes
+----------+------+--------+--------+-------+---------------------+
| betid | bet | profit | chance | uid | date |
+----------+------+--------+--------+-------+---------------------+
| 25326678 | 168 | -168 | 49.5 | 31791 | 2013-07-14 17:15:52 |
| 25342785 | 166 | -166 | 49.5 | 31791 | 2013-07-14 17:36:42 |
| 25335924 | 166 | -166 | 49.5 | 31791 | 2013-07-14 17:26:26 |
| 25335904 | 166 | -166 | 49.5 | 31791 | 2013-07-14 17:26:23 |
| 25335586 | 166 | -166 | 49.5 | 31791 | 2013-07-14 17:25:03 |
| 25335372 | 166 | -166 | 49.5 | 31791 | 2013-07-14 17:24:52 |
| 25334907 | 166 | -166 | 49.5 | 31791 | 2013-07-14 17:24:22 |
| 25334851 | 166 | -166 | 49.5 | 31791 | 2013-07-14 17:24:19 |
| 25334818 | 166 | -166 | 49.5 | 31791 | 2013-07-14 17:24:17 |
| 25333509 | 155 | 155 | 49.5 | 31791 | 2013-07-14 17:22:48 |
+----------+------+--------+--------+-------+---------------------+
Yes, this is exactly what variance means... |
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