Since I don't find any hind as to your location, I'm assuming you are in the US side of the pond?

I have done both TRC and LTC betting in large quantities, but the redeem part was never part of those tests so no, I have no experience with the LTC counterpart of this. We're having issues with the processing server this morning, so that has my full attention right now, but I'll run some tests on LTC soon and will let you know.

At all times TTBit held more than enough Bitstamp IOUs. Could TTBit have sent the BTC IOU if I didn't trust TTBit/BTC?

I will try again today and if still failing will PM you all the details.

This is actually a very fair point. However it is provable that no such tampering is happening as the choice of inputs is predictable, the older unspent transactions are used in order until the output value is satisfied, so it can't really be tampered with by the bot.

The bot is actually placing bets as you would with the client. The difference is bets placed that way are always trusted and thus immediately processed / paid. If you were to try to do the same thing with your TRC client eventually the system's heuristics would start delaying the payouts until transactions were included in blocks. I will gladly send you some TRC to try that if you feel so inclined, though, PM me your address.

I'm a little lost here. I've been trying to play around with someone I trust IRL (TTBit) and we managed to understand a bit more of the system's workings but got stuck in this workflow (value are bogus, but relatively equal to what we're doing, and we all trust each other and bitstamp):

TTBit deposited BTC to Bitstamp
TTBit sent BTC from Bitstamp to Ripple
-- at this point TTBit has 2 BTC of green line on ripple BTC trust --
TTBit sent 0.15 BTC to nelisky
nelisky tries to send 0.15 BTC to bitstamp, which fails with "Fees are insufficient"
nelisky tries to send 0.10 BTC to bitstamp, which fails with "Path could not send partial amount"

So what are we missing here?

I wouldn't say they are withholding, it's probably just a propagation issue. But yes, it scales terribly right now.


The hash is on the TX itself, and does not change. So yes, as soon as it is broadcasted. There is a double spending problem, sure, we even suffered some loss recently for it (but have since closed that door) but that's exactly why you can't withdraw without ALL tx being in blocks.


That is Martingale for you, with the basic premise that you have a target and every time you lose you adjust the bet to meet the target.

So if my skilled work is worth, I don't know, 10x minimum wages in my country I could charge 10 HRS per hour of work?

Well, you know that TRC's network is very, very thin compared to BTC. Difficulty is currently ~570 where BTC is 4000000+. Why that means transactions are placed in block in such small batches I don't know, but you will just have to be patient, I guess. It is a very important detail going forward, though, thanks for reporting it. I'm trying to think of ways to prevent the problem from escalating.

If you look at http://cryptocoinexplorer.com:3750/address/1AiNAHGBdB6Mu4UVDWHcukKXacNy19avUy which is the address for the wallet you'll see that the last transaction there is on block 82355 which is the last block processed so far. Take this information with caution as the block explorer tends to lag behind significantly, but until the last transaction has 4 blocks on it you will not be able to redeem.

As for Win Cap, Simple pays based on the individual Bet Size, which is 0.1 for TRC, and Minefield pays based on the actual wager you place. So Win Cap is easily reached with those.

The Martingale based strategies, however, work in a completely different way. Each iteration places a bet that is high enough to add 0.1 TRC to the expected outcome at that iteration, so the most you can win at any point during the game is iteration x 0.1. What threshold changes is how much each bet is, so for less than 5 the bet would be (0.1 / multiplier) x iteration. You can read about Martingale on http://en.wikipedia.org/wiki/Martingale_(betting_system) and the difference between the multiple Martingale bet strategies we offer is explained on http://diceoncrack.com/howtoplay though if this is the first you hear about it things may be a little dense and hard to understand. If that's the case I'll be glad to explain using one of your bets as an example.

Indeed, although 25 BTC win cap would allow for placing a bet of up to 0.0019 BTC which is above the min bet. But Win Cap is not set in stone, it is just a product of demand and security. As the core gets more mature and interest raises we'll be glad to up the limits.

You can, in fact, place bets on Poker for under the Bet Size, I kind of lead you the wrong path here. There's a minimum wager of 0.1 TRC and no bets below that will be processed, but what the Bet Size means for poker is how much each full hand costs. So when you play 0.1 you'll get the winning hand multipliers applied to that, plain and simple. If you had placed a bet of 1.5 TRC you would play 2 hands, one for 1 TRC (Bet Size) and 1 for the remainder balance, 0.5 in this case. 10 TRC would be 10 hands, etc.

Less Than 1, 2 and 5 are refunded due to the site's Win Cap, currently 1000 TRC. If you bet, for example, 0.1 TRC in a less than 5 game that pays 13041.664x, a single win would render you a prize of 1304.17 TRC, more than the site will pay out for any single bet. This takes precedence to Exit point, as otherwise you would get 1300 TRC of prize but only get paid 2x your deposit, or 0.2 TRC.

Thank you so much for all the testing! I'm addressing the other issue you posted about earlier now.

The LTC offers are all gone for now.

As for the minimum bet size, you do realize it is 0.1 TRC generally, only poker is 10 TRC per hand, right?

ef381996c32df6edef9c3aabf45bc6629b707bbac516a66bf2b9d05d36a1b8fd

Thank you for your help. There isn't any particular feature, no, we are just making sure the processing/payout is rock solid and get some feedback on the process as we go.

f5a028274b1f9448a8146cd45825e871dd2ea65b1132dd56a3cc7d98c1016187

That's the last one for LTC at this time. Good luck!

Thank you for playing! Poker is one of the games I most often play when testing things. You can win very large amounts, but you will more often than not lose everything. It's one of the bets 'luck' games we have in terms of expected payout, but not a good one to start with.

Although from your experience I'll not expect to see you around too often, please feel free to come take advantage of the test spree handouts we'll have in the near future

TX id is 3044bc1fd233dcdb84d7cfcb2bcc47e03aec3d911957e5e83f5a2b125072cf67, good luck!

Heh, yes, the house does have the advantage, although I have to say we have been in loss more than once for substantial amounts. It all averages out if you don't know when to quit

Thank you for trying this, I hope you'll keep playing. After all the transactions confirm you can redeem but if you just wait it out you'll get the coins back after 8 hours passed from your last bet automatically (assuming everything has confirmed, which is more than likely with LTC).

We will have more giveaways in the future for testing new features, so keep an eye open for them.

Thank you for the kind words. 10 LTC have been sent to your wallet in tx 7d5f9f1f00d43bbeb0945e7d5303bdfe66ca3677c71d399fc94ff9613ba67e12 and should be available right now.

As for your comment on min bet, the problem is fees, as we are paying for them. If you bet and lose we may end up paying more on fees than you wagered in the first place, which is not something we can sustain obviously.

Good luck!