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HomoHenning
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July 30, 2017, 03:36:36 PM |
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So, insurance bot is basically a casino with 5% house edge.
welcome to insurance business. I think insurance business is comparable to a casino with house edge |
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yvv
Legendary
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Activity: 1344
Merit: 1000
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July 30, 2017, 03:39:09 PM |
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So, insurance bot is basically a casino with 5% house edge.
welcome to insurance business. I think insurance business is comparable to a casino with house edge It is actually not quite the same as normal insurance business. You don't need to have a ticket to buy insurance from the bot. So, it is really pure gambling for both sides. |
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davidoski
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July 30, 2017, 04:07:29 PM |
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Why does this coin go up today?
People like the flight insurance bot. It demonstrates a real usage - the first of its kind in the world actually. Other cryptos are still "working on" this kind of service. |
Chancellor on brink of second bailout for banks
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samrajyacoin
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July 30, 2017, 06:03:44 PM |
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Uncaught exception: Error: Error: SQLITE_CONSTRAINT: FOREIGN KEY constraint failed INSERT INTO_authors (unit, address, definition_chash) VALUES(?,?,?) ....
Can't access mac wallet
Solution please someone...
Thanks
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kola-schaar
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July 30, 2017, 06:09:00 PM |
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Can someone guide me if there is any other steps for the next airdrop.
I bought 1 GByte and I have them in my byteball desktop wallet, will I receive 0.2GB automatically or I should make a request/link them somewhere?
Transition bot is only for linking bitcoin address to byteball address right? Or I can use for byteball-byteball too?
All fine. Just relax. Don't forget: To get also blackbytes, it is necessary that this BB-address is linked! Linked means the address is known to the bot. The bot knows an address, when the BB-address is linked to one or more Bitcoin address(es). Whether the Bitcoin address is empty or contains a value does not matter. |
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Freefactomizer
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July 30, 2017, 06:16:40 PM |
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Uncaught exception: Error: Error: SQLITE_CONSTRAINT: FOREIGN KEY constraint failed INSERT INTO_authors (unit, address, definition_chash) VALUES(?,?,?) ....
Can't access mac wallet
Solution please someone...
Thanks
Upgrade to 1.9.3 to fix the issue. |
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bcsuisse
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July 30, 2017, 06:21:38 PM |
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Can someone guide me if there is any other steps for the next airdrop.
I bought 1 GByte and I have them in my byteball desktop wallet, will I receive 0.2GB automatically or I should make a request/link them somewhere?
Transition bot is only for linking bitcoin address to byteball address right? Or I can use for byteball-byteball too?
All fine. Just relax. Don't forget: To get also blackbytes, it is necessary that this BB-address is linked! Linked means the address is known to the bot. The bot knows an address, when the BB-address is linked to one or more Bitcoin address(es). Whether the Bitcoin address is empty or contains a value does not matter. so as far as I understood linking the adress once and than sending all your byteballs there is ok . correct ? please let me know if thats the way to do it. dont want to miss out on the next airdrop |
Bitrated user: kentokyo.
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sirazimuth
Legendary
Offline
Activity: 3528
Merit: 3617
born once atheist
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July 30, 2017, 06:25:26 PM |
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Now we have flight delay insurance bot. It's already added to the Bot Store.
That means you can also use it for flights you're not even taking! In any other insurance business, that would be considered insurance fraud. Here it's okay I guess, and would be a nice way to experiment with it, turning it into a flight delay gambling bot. Would it also be possible to use blackbytes for flight delay insurance? "Gamble", "insurance" and "investment" are the words describing the same thing. The difference is only in the probability of loosing losing. If the probability of loosing losing is high its called gambling. If the probability of loosing losing is moderate it's called "insurance". If the probability of loosing losing is low it's called "investment". The final outcome is affecting the name too. For example if somebody went broke on an "investment" you will hear people say that he "gambled" and lost. Buying insurance is a gamble too essentially. You gamble on the probability of negative event occurrence. Those who don't buy insurance actually gamble too - on the probability of negative event not occurring. It's all the same thing but with different names given to it invoking negative or positive attitude of the one giving the name. ftfy... great post btw. never thought of it that way, thanx |
Bitcoin...the future of all monetary transactions...and always will be
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davidoski
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July 30, 2017, 06:28:30 PM |
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Tricky English... Thanks
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Chancellor on brink of second bailout for banks
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ttookk
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July 30, 2017, 06:32:15 PM |
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So, insurance bot is basically a casino with 5% house edge.
welcome to insurance business. I think insurance business is comparable to a casino with house edge It is actually not quite the same as normal insurance business. You don't need to have a ticket to buy insurance from the bot. So, it is really pure gambling for both sides. There is something to it. This actually opens the door to possible misuse. Imagine, you have insider knowledge, you could just bet without booking the flight. Still, as a concept, it's interesting. |
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davidoski
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July 30, 2017, 06:35:40 PM
Last edit: July 30, 2017, 07:39:25 PM by davidoski |
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So, insurance bot is basically a casino with 5% house edge.
welcome to insurance business. I think insurance business is comparable to a casino with house edge It is actually not quite the same as normal insurance business. You don't need to have a ticket to buy insurance from the bot. So, it is really pure gambling for both sides. There is something to it. This actually opens the door to possible misuse. Imagine, you have insider knowledge, you could just bet without booking the flight. Still, as a concept, it's interesting. Pilots are going to start bet heavily on the flight delay and intentionally cause delays.  Jokes aside it may be problematic in case of strikes that cause cancellations pretty often. Lufthansa cancels 1,700 flights due to pilots' strikeTonych's bot would be hit by heavy losses if many ppl bought insurance well in advance, especially as you said if anybody had knowledge of the planned strike and bought plenty of insurance. Running this kind of bot requires constant attention to the situation in airlines and other unexpected events like volcano eruptions, heavy snowfalls, tornadoes and the like. Not a part time job but tech can be sold to a company interested in running it with more staff to keep attention and adjust insurance cost in time or even exclude certain flights from the service. If that happens there's a need for competition so we have more than just one bot like this because if a company starts to run it for profit the cost of insurance certainly will go up. That's why it's important how a new bot is introduced to the Bot Store. People will look there first in search of an insurance bot therefore whoever has a bot in the bot store will have advantage over the others. Even the order itself in which bots are presented in the Bot Store will have a tremendous impact on the popularity of the given bot and therefore profits of whoever runs it. All this needs thorough reflection on the concept design. My feeling is that the Bot Store would likely have to be taken outside the wallet app and kept on a website because the wallet app is too small and to difficult to keep updated with the future number of bots and frequent changes that will inevitably happen. Users would likely want to have some form of searching and sorting capability - if there are hundreds of bots it won't be possible to do so inside the wallet app. |
Chancellor on brink of second bailout for banks
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stevebc
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July 30, 2017, 07:53:32 PM |
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I really do have to make a point and say how truly wonderful it is to see something like the flight insurance bot added.
There are so many projects discussed/promoted on the forums that never seem to actually have any useful functionality developed, good to see Byteball is better than that!
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bcsuisse
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July 30, 2017, 09:19:18 PM |
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I really do have to make a point and say how truly wonderful it is to see something like the flight insurance bot added.
There are so many projects discussed/promoted on the forums that never seem to actually have any useful functionality developed, good to see Byteball is better than that!
I really love to see something new in crypto. If any insurance has the balls to do this profesinally on bb it will be intersting. lets see how it works out for bb |
Bitrated user: kentokyo.
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Wendigo
Legendary
Offline
Activity: 2604
Merit: 1036
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July 30, 2017, 10:51:10 PM |
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Can someone tell me what has been the all time high price of Byteball in BTC so far? CoinMarketCap shows $953.13 on Jul 01, 2017 so that would make it around 0.37 BTC right? I am just wondering if we will get a new ATH with the new distribution in the coming week.
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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July 30, 2017, 11:00:17 PM |
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Can someone tell me what has been the all time high price of Byteball in BTC so far? CoinMarketCap shows $953.13 on Jul 01, 2017 so that would make it around 0.37 BTC right? I am just wondering if we will get a new ATH with the new distribution in the coming week.
i think that was the high but it also coincided with alts in general going for it. there's so much more gbyte floating around each time i don't really see how it can reach those highs again in the near future but you never know. |
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bones261
Legendary
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Activity: 1806
Merit: 1828
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July 30, 2017, 11:12:50 PM |
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The BCC fork is definitely taking the wind out of our sails. Why buy Byteball right now to get a 20% bonus when you can keep your Bitcoin and claim both BCC and Byteball? Perhaps our market will start to heat up a little more after the hardfork on the 1st.
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dr blowfin
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July 30, 2017, 11:21:27 PM |
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What's the latest price for Blackbytes?
I'm thinking that when distribution is finally complete that GBB are going to do really well and it will be worth trading some Bytes for Blackbytes.
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Jayjay04
Legendary
Offline
Activity: 1364
Merit: 1000
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July 31, 2017, 12:15:00 AM |
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The BCC fork is definitely taking the wind out of our sails. Why buy Byteball right now to get a 20% bonus when you can keep your Bitcoin and claim both BCC and Byteball? Perhaps our market will start to heat up a little more after the hardfork on the 1st.
With all the dumps BCC will be worth shit in seconds.... |
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samrajyacoin
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July 31, 2017, 12:15:26 AM |
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Uncaught exception: Error: Error: SQLITE_CONSTRAINT: FOREIGN KEY constraint failed INSERT INTO_authors (unit, address, definition_chash) VALUES(?,?,?) ....
Can't access mac wallet
Solution please someone...
Thanks
Upgrade to 1.9.3 to fix the issue. downloaded and upgraded the version. the new wallet is not accepting the passphrase. the old one states - Uncaught exception: Error: user version 12>11: looks like you are using a new database with an old client. |
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extremegym
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July 31, 2017, 01:12:35 AM |
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The BCC fork is definitely taking the wind out of our sails. Why buy Byteball right now to get a 20% bonus when you can keep your Bitcoin and claim both BCC and Byteball? Perhaps our market will start to heat up a little more after the hardfork on the 1st.
With all the dumps BCC will be worth shit in seconds.... maybe. but it also can affect other coins. |
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