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Author Topic: BitBet.us is live and accepting bets again  (Read 1802 times)
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greyhawk
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June 17, 2016, 01:23:28 AM
 #21

Well, the site only takes a commission, so they're not opening themselves up to being scammed. The more bets the better as far as they're concerned. It's the other players who are vulnerable to getting scammed if you accept bets once the result is clear.

Yeah woops I worded that sentence wrong. Perhaps they could still take the commission from the refunded bet.
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June 19, 2016, 03:04:28 PM
 #22

Using the old rule is much clearer and fairer for everyone in my opinion.
What was the old rule?

The "old" rule is in fact still in vigor. We are currently considering changing it,
hence this thread.

The rule in question is described here: https://bitbet.us/faq/#1121

In short, it states that bets received (where "receives" means "transaction is included in a block")
after betting closes or after the resolution event occurs will be considered "donations" to BitBet.

I remember people talking about this. The best policy is not to honor the bet and refund it. Considering it a donation is wrong, as clearly it was intended to be a bet. If you start allowing the bets you'll open up yourself to being scammed.

We certainly won't allow late bets into the pool as they are blatant abuse of the legitimate bettor.

We tend to agree with the "refund late bets" policy (that's what we've actually been doing in practice since taking on management of the site). It seems like the right thing to do.

However, this amounts to manually beating scammers away with a stick, a fairly time consuming affair.

Our current thinking is that we're going to refund late bets, but with a much higher fee than normal to discourage would-be abusers. It feels like a nice middle-of-the-road between the current, fairly extreme
approach and the "laissez-faire, BitBet mods will clean up the mess" approach.

Thoughts ?
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July 14, 2017, 01:35:28 AM
 #23

Bitbet.us is down again, and this time it looks like it is down for good.
I thought this site was very interesting so I have hired a developer to create a similar one hosted by Bitcoin.com
I would love some feedback from the community on what features you would like it to have.
The developer has started a thread about it here: https://forum.bitcoin.com/topic32927.html
Please post your feature requests there, and we will build it.

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July 14, 2017, 10:55:57 AM
 #24

Bitbet.us is down again, and this time it looks like it is down for good.
I thought this site was very interesting so I have hired a developer to create a similar one hosted by Bitcoin.com
I would love some feedback from the community on what features you would like it to have.
The developer has started a thread about it here: https://forum.bitcoin.com/topic32927.html
Please post your feature requests there, and we will build it.

You cheeky fucker. Piss off and learn how to behave.

I do not accept segwit outputs as payment, nor send them.
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