iamtheone (OP)
Newbie
Offline
Activity: 28
Merit: 0
|
|
September 13, 2012, 02:42:40 AM |
|
I totally agree. I only meant that even you split into smaller bets, you can mitigate it by using electrum and control transaction fees. I was wrong to imply the odds would increase. It will still be the same. I misunderstood the post.)
|
|
|
|
iamtheone (OP)
Newbie
Offline
Activity: 28
Merit: 0
|
|
September 14, 2012, 11:43:58 AM |
|
Status update:
Amount received: 3,347.57 BTC Amount paid: 3,359.32 BTC Number of bets paid: 973
These figures does not include the old receiving address.
|
|
|
|
OneEyed
aka aurele
Full Member
Offline
Activity: 154
Merit: 100
|
|
September 14, 2012, 11:51:18 AM |
|
Status update:
Amount received: 3,347.57 BTC Amount paid: 3,359.32 BTC Number of bets paid: 973
These figures does not include the old receiving address.
It would be interesting to plot the amount lent against the number of confirmations required. Having to wait for 6+ hours makes it much less exciting than it was at the beginning.
|
|
|
|
iamtheone (OP)
Newbie
Offline
Activity: 28
Merit: 0
|
|
September 14, 2012, 02:01:37 PM |
|
Status update:
Amount received: 3,347.57 BTC Amount paid: 3,359.32 BTC Number of bets paid: 973
These figures does not include the old receiving address.
It would be interesting to plot the amount lent against the number of confirmations required. Having to wait for 6+ hours makes it much less exciting than it was at the beginning. The beginning configuration was never a sustainable setting. That was very attractive though. It must be balanced for it to self sustain.
|
|
|
|
Gerco
Member
Offline
Activity: 73
Merit: 10
|
|
September 14, 2012, 07:27:16 PM |
|
Can you give an update on the winnings that your service has paid? Have you had any 4 digit matches? 3 digit ones? How does this service sustain itself? Logic dictates that it cannot. You always pay out more than you receive, where is that money coming from? I can't imagine the HungerCoins Lottery to be that profitable
|
OTC: gercod | Tip jar: 1KNxsZNsGf8RXbnjtiJN84kYVejSeK4bD8 | GPG Key: 8DA261EC572065FD
|
|
|
OneEyed
aka aurele
Full Member
Offline
Activity: 154
Merit: 100
|
|
September 14, 2012, 08:25:06 PM |
|
Can you give an update on the winnings that your service has paid? Have you had any 4 digit matches? 3 digit ones?
Note that you can do that analysis yourself by looking at the service address in the blockchain.
|
|
|
|
iamtheone (OP)
Newbie
Offline
Activity: 28
Merit: 0
|
|
September 15, 2012, 03:58:22 AM |
|
Only up to 2 digit hits only so far.
|
|
|
|
|
Shermo
|
|
September 16, 2012, 09:39:54 AM |
|
I stopped sending to this when he announced his 199k block competitions, they seemed like a very good get out... I really hope I'm wrong though, it would be nice for something not to be scam for once! But I can't imagine him fronting about 170BTC to top up that jackpot.
|
|
|
|
jasinlee
|
|
September 16, 2012, 12:14:34 PM |
|
Agreed, I had one sent in around that time and its up to 83 confirmations. So scam accusations coming up!
|
|
|
|
jasinlee
|
|
September 16, 2012, 12:24:18 PM |
|
|
|
|
|
fabrizziop
|
|
September 16, 2012, 12:36:41 PM |
|
lol what did everyone expect?. This seemed like he was slowly building trust to then gtfo with everybody's money.
|
|
|
|
jasinlee
|
|
September 16, 2012, 12:43:57 PM |
|
Yeah, remember trust no one. He got away with a pretty crappy haul from the looks of it too.
|
|
|
|
miln40
Member
Offline
Activity: 85
Merit: 10
|
|
September 16, 2012, 04:11:01 PM |
|
well, I made about 0.3 BTC from it, so ha! Scammed the scammer Though it's pretty small time for a scam in my opinion. Maybe he jut has problems/gave up on it.
|
My primary BTC address: 1M5oZcUzHGT3mzNeA73opLUdSPSpKL5NE3
|
|
|
OneEyed
aka aurele
Full Member
Offline
Activity: 154
Merit: 100
|
|
September 16, 2012, 04:16:12 PM |
|
Maybe he jut has problems
That was my first thought: we are Sunday, OP may have a life too, and it's not like the scam would be worth it. The idea behind automatic short-term investment through regular sends is an interesting one. If OP is a scammer, then he should wait much longer to gain much more BTC from it However, I would understand it if it was difficult to pay the announced 199 and 19.9 prices from the 199k game. But declaring a mistake and a default there is different from not returning investments. In this case, a private settlement with the bet winner to pay the prize when profits are high enough could be attempted.
|
|
|
|
|
OneEyed
aka aurele
Full Member
Offline
Activity: 154
Merit: 100
|
|
September 16, 2012, 05:06:38 PM |
|
If the software has crashed or is not running, then no transactions are going to go through. This is an all-or-nothing gamble here
|
|
|
|
|
nimda
|
|
September 16, 2012, 07:31:45 PM |
|
Don't say I didn't warn you
|
|
|
|
|
|