|
defined
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 11:21:00 AM |
|
Why do you want a 1 to 5 ratio? That means you are not so sure about the $900. I can take your bet for a 5 to 1 ratio: you spend 5 bitcoin it will reach $900, I give you 1 bitcoin saying it will be less.
|
|
|
|
talks_cheep
Legendary
Offline
Activity: 1036
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 11:37:14 AM |
|
It should be an even bet, 50-50. I mean, I'd like to bet 100 BTC that it will go 900; you will bet your 100 BTC it won't. Go big or go home.
|
|
|
|
talkbitcoin
Legendary
Offline
Activity: 1372
Merit: 1032
All I know is that I know nothing.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 11:42:08 AM |
|
i think there is a pretty good chance that bitcoin will rise in the summer around the halving time. i will never bet on it especially bet on the price going to $900 because it might just go as high as $600-$650 even because of the halving.
|
|
|
|
umaOuma
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 11:47:32 AM |
|
i think there is a pretty good chance that bitcoin will rise in the summer around the halving time. i will never bet on it especially bet on the price going to $900 because it might just go as high as $600-$650 even because of the halving.
Yeah anything around $700 is achievable by sept 2016 as hoping too high would be like day dreaming, and if it reaches there then it would be a win win for all of us.
|
|
|
|
etile (OP)
Newbie
Offline
Activity: 45
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 12:46:43 PM |
|
Ok, I moved to 1:4 ratio
|
|
|
|
etile (OP)
Newbie
Offline
Activity: 45
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 12:51:14 PM |
|
It should be an even bet, 50-50. I mean, I'd like to bet 100 BTC that it will go 900; you will bet your 100 BTC it won't. Go big or go home.
May be 50:50 with 600 usd/btc before Sep 2016?
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 12:55:25 PM |
|
BitBet not works anymore so I want bet with anyone with 2of2 multisig transaction
Two out of two isn't the right way to go. What happens when the losing party refuses to let go of their funds? You will end up in a long (possibly 'permanent') stalemate. Just use what was suggested in the link that you've provided: Instead the parties could do a 2-of-3 which would allow a mediator to settle a dispute, that works exactly the same but instead of two public keys three would be provided.
Ok, I moved to 1:4 ratio
Odds are bad for the 'no' side. I don't see why someone would want to risk 4 BTC for a potential win of 1 BTC.
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
onlinedragon
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 01:09:57 PM |
|
That is big risk gambling it's not even sure we will hit the $900 price. I should try other gambling instead of such speculation.
|
|
|
|
etile (OP)
Newbie
Offline
Activity: 45
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 01:11:20 PM |
|
Two out of two isn't the right way to go. What happens when the losing party refuses to let go of their funds? You will end up in a long (possibly 'permanent') stalemate. Just use what was suggested in the link that you've provided:
The losing party want to receive 0.1 btc for the lost side. We can rise it to 0.2 btc or to 0.5 btc if you want
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 01:13:15 PM |
|
The losing party want to receive 0.1 btc for the lost side.
You don't understand how 2 of 2 multisig works obviously nor did you understand my post. It is not well suited for gambling. Once someone loses, they can refuse to release their money.
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
defined
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 01:20:29 PM |
|
The losing party want to receive 0.1 btc for the lost side.
We can rise it to 0.2 btc or to 0.5 btc if you want
So: I lose. You win. I get 0.1 BTC, you get 5.9 BTC. If I do not sign, we both get nothing. I'll make you an offer you can not refuse: pay me 2 bitcoin for my signature code! You can see the flaw in your system.
|
|
|
|
etile (OP)
Newbie
Offline
Activity: 45
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 01:22:49 PM |
|
The losing party want to receive 0.1 btc for the lost side.
You don't understand how 2 of 2 multisig works obviously nor did you understand my post. It is not well suited for gambling. Once someone loses, they can refuse to release their money. Yes, and they never receive 0.1 btc bonus. We can make 10 btc bonus and make bet for 1:1 btc for 600$ usd/btc before Sep 2016 So you send 11 btc to 2of2 address, and I send 11 btc to 2of2 address. One side win 1 btc, other side lost 1 btc. So lost side want to receive 10 btc back and release money.
|
|
|
|
etile (OP)
Newbie
Offline
Activity: 45
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 01:27:32 PM |
|
The losing party want to receive 0.1 btc for the lost side.
We can rise it to 0.2 btc or to 0.5 btc if you want
So: I lose. You win. I get 0.1 BTC, you get 5.9 BTC. If I do not sign, we both get nothing. I'll make you an offer you can not refuse: pay me 2 bitcoin for my signature code! You can see the flaw in your system. You never receive more than 0.1 btc. You release this money in 2026 if you found me :-)
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 01:33:27 PM |
|
We can make 10 btc bonus and make bet for 1:1 btc for 600$ usd/btc before Sep 2016 -snip-
You are just complicating things now. By using a 2 out of 2 address in gambling you are asking for trouble, some people are bad losers. Just use a 2 out of 3 address and you will be fine. You never receive more than 0.1 btc. You release this money in 2026 if you found me :-)
This doesn't make sense. I'll make you an offer you can not refuse: pay me 2 bitcoin for my signature code! You can see the flaw in your system.
Exactly!
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
Mr.grin
Legendary
Offline
Activity: 1218
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 01:39:04 PM |
|
I am not sure if the price of bitcoin will rise as high as it was before the month of September 2016. The fact I'm also not sure that the price of bitcoin will pass $ 800 before September, but nobody knew about the rise in price of bitcoin, so I still hope that it will be true -Right occurs even though the possibility of large price increases $ 900 before the month of September was 20% ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
Astermony
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 01:43:38 PM |
|
It could happen. I think the price of bitcoin could double to $800 just before the halving. So $900 is possible later.
|
|
|
|
Skaven
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 02:55:14 PM |
|
This can happen but I do not think that the chance is to big. If this happens this would be a good thing for the people who want to sell their bitcoins. But for the people who want to buy this would discourage them to continue on with Bitcoin.
|
|
|
|
etile (OP)
Newbie
Offline
Activity: 45
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 04:14:26 PM |
|
You are just complicating things now. By using a 2 out of 2 address in gambling you are asking for trouble, some people are bad losers. Just use a 2 out of 3 address and you will be fine.
And who will be third party? You? Your friend? Mircea Popescu? How often do you lock your money with 2of2 multisig address? Any stats?
|
|
|
|
ingiltere
Legendary
Offline
Activity: 3080
Merit: 1533
BITCOIN
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 05, 2016, 04:21:13 PM |
|
I think Bitcoin being 900$ until September 2016 has more chance than it stuck to this price. I agree with your choice. You give only 1.25 odds for it not to happen, if it won't then the participator need to wait for 5 months for such a low odd, that doesn't make sense at all.
|
Professional gambling analyzer / Signature space for rent
|
|
|
|