OneEyed
aka aurele
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September 09, 2012, 08:11:04 AM |
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I have sent various amounts (including 10BTC) repeatedly (thanks Python for that), and so far the money got returned every time Care to teach everyone how to automate the betting? No. I am ok with asserting some facts (my loans have been returned so far with the expected added amount, including several loans of 10 BTC), but I will not help people to send money to an unknown person who refuses to indicate who he represents or to give any guarantee that he won't run with the money (that could be done by escrowing some BTC with a trusted public person).
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iamtheone (OP)
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September 09, 2012, 08:35:51 AM |
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I have sent various amounts (including 10BTC) repeatedly (thanks Python for that), and so far the money got returned every time Care to teach everyone how to automate the betting? No. I am ok with asserting some facts (my loans have been returned so far with the expected added amount, including several loans of 10 BTC), but I will not help people to send money to an unknown person who refuses to indicate who he represents or to give any guarantee that he won't run with the money (that could be done by escrowing some BTC with a trusted public person). Fair enough.
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OneEyed
aka aurele
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September 09, 2012, 02:28:08 PM |
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I just received a payout after 30 confirmations only. Is that expected? Edit: never mind, blockchain.info is lagging 7 blocks behind, false alert
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JoelKatz
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Democracy is vulnerable to a 51% attack.
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September 10, 2012, 04:03:26 AM |
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It looks like your client was cleverly using a transaction it was making anyway as a free opportunity to consolidate a bunch of small inputs it had lying around into a single, larger output, thus reducing the cost of your future transactions.
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I am an employee of Ripple. Follow me on Twitter @JoelKatz 1Joe1Katzci1rFcsr9HH7SLuHVnDy2aihZ BM-NBM3FRExVJSJJamV9ccgyWvQfratUHgN
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dooglus
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September 10, 2012, 06:07:21 AM |
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It looks like your client was cleverly using a transaction it was making anyway as a free opportunity to consolidate a bunch of small inputs it had lying around into a single, larger output, thus reducing the cost of your future transactions. It also looks like your client paid less than the minimum standard fee. What client did you use?
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Just-Dice | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | Play or Invest | ██ ██████████ ██████████████████ ██████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████████████ ██████████████████████ ██████████████ ██████ | 1% House Edge |
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Zillions
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September 10, 2012, 06:27:26 AM |
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It also looks like your client paid less than the minimum standard fee. What client did you use?
blockchain.info/wallet
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miln40
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September 10, 2012, 09:19:23 PM |
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Worked fine for my 1 BTC with transactions on time.
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My primary BTC address: 1M5oZcUzHGT3mzNeA73opLUdSPSpKL5NE3
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OneEyed
aka aurele
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September 10, 2012, 09:48:01 PM |
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It looks like your client was cleverly using a transaction it was making anyway as a free opportunity to consolidate a bunch of small inputs it had lying around into a single, larger output, thus reducing the cost of your future transactions. Armory does that too, although if I remember the code correctly it limits itself to 5 inputs. Since the input addresses are all the same, this does not taint any address more than would have been with the original transaction.
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Shermo
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September 11, 2012, 09:28:37 PM |
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iamtheone (OP)
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September 12, 2012, 10:27:03 AM |
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Nice How many times you bet before getting it?
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Shermo
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September 12, 2012, 11:21:48 AM |
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I'd have to check when I get home, but I think around 12 times? So I guess roughly close to the odds 1/16 I guess you could increase your odds of a match by doing lots of smaller transactions, but then the 0.2% interest is pretty much eaten by transaction fees.
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OneEyed
aka aurele
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September 12, 2012, 11:31:31 AM |
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I guess you could increase your odds of a match by doing lots of smaller transactions, but then the 0.2% interest is pretty much eaten by transaction fees.
Also, it will be 2% of a smaller amount, and won't change anything on the long term.
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miln40
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September 12, 2012, 11:34:04 AM |
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Ooooh, it's from Hunger Games, this thing with the odds! It was really ringing a bell in my mind =]
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My primary BTC address: 1M5oZcUzHGT3mzNeA73opLUdSPSpKL5NE3
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Shermo
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September 12, 2012, 11:49:40 AM |
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Also, it will be 2% of a smaller amount, and won't change anything on the long term.
Thats also true, hence why I've just been rolling my small gambling pot through it a couple times a day and eventually hit a match after a few days
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iamtheone (OP)
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September 12, 2012, 12:11:06 PM |
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I guess you could increase your odds of a match by doing lots of smaller transactions, but then the 0.2% interest is pretty much eaten by transaction fees.
Also, it will be 2% of a smaller amount, and won't change anything on the long term. Actually it will, just a little. Eventually you will hit 3 or 4 digits. It's just a matter of time And you can use electrum and lessen the transaction fees.
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OneEyed
aka aurele
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September 12, 2012, 12:34:50 PM |
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I guess you could increase your odds of a match by doing lots of smaller transactions, but then the 0.2% interest is pretty much eaten by transaction fees.
Also, it will be 2% of a smaller amount, and won't change anything on the long term. Actually it will, just a little. Eventually you will hit 3 or 4 digits. It's just a matter of time What do you mean? Isn't the expected value this one? 20 * 1/65536 + 2 * 1/4096 + 0.2 * 1/256 + 0.02 * 1/16 + 0.002 * 61167/65536 = 112767/32768000 ~ 0.3441%
How would splitting into smaller amount help at increasing the expected value?
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Fortega
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bitcoinAdd.net
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September 12, 2012, 01:43:52 PM |
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20 * 1/65536 + 2 * 1/4096 + 0.2 * 1/256 + 0.02 * 1/16 + 0.002 * 61167/65536 = 112767/32768000 ~ 0.3441%
Should be 20 * 1/65536 + 2*15/65536 + 0.2*(256-16)*65536 + ...
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OneEyed
aka aurele
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September 12, 2012, 02:07:10 PM |
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20 * 1/65536 + 2 * 1/4096 + 0.2 * 1/256 + 0.02 * 1/16 + 0.002 * 61167/65536 = 112767/32768000 ~ 0.3441%
Should be 20 * 1/65536 + 2*15/65536 + 0.2*(256-16)*65536 + ...
You're right: 20 * 1/65536 + 2 * 15/65536 + 0.2 * 240/65536 + 0.02 * 3840/65536 + 0.002 * 61440/65536 = 3721/819200 ~ 0.4542%
Is it better?
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Fortega
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bitcoinAdd.net
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September 12, 2012, 03:08:01 PM |
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Yup, better And you are right: splitting it in smaller values does not increase the avg percentage. It only reduces variance a bit.
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