mjangler
Newbie
 Offline
Activity: 21
Merit: 0
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October 10, 2013, 10:32:51 PM |
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Thanks! But that's a little weird, they should close after the game ends. You are going to have to declare a winner yourself anyway, I don't see anything wrong with the contract being live until then.
The best setup would be if they cancelled all orders when the game starts, and then left the contract open for live betting until the game ends. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Predictious (OP)
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October 15, 2013, 08:08:12 PM |
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You have a fantastic idea here, I just don't think you are executing the sports side of it the right way. Why do you have two contracts for each side of the same game? You are effectively cutting the liquidity pool in half for no good reason that I can think of.
Don't worry, our system is smart enough to not cut the liquidities. The best setup would be if they cancelled all orders when the game starts, and then left the contract open for live betting until the game ends.
Yes, we are working on options to do this. |
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Predictious (OP)
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October 21, 2013, 08:56:43 PM
Last edit: October 21, 2013, 09:39:28 PM by Predictious |
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New market on Predictious:
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AlgoSwan
Sr. Member
Offline
Activity: 308
Merit: 250
ancap
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October 22, 2013, 09:44:43 AM |
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Excellent idea after hubdub and intrade. As previous poster noticed, liquidity could be the main problem of prediction markets. Is it possible to create our own questions (markets)?
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Looking to buy a verified betfair account with escrow.
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b!z
Legendary
Offline
Activity: 1582
Merit: 1010
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October 22, 2013, 10:09:37 AM |
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Excellent idea after hubdub and intrade. As previous poster noticed, liquidity could be the main problem of prediction markets. Is it possible to create our own questions (markets)?
I think this would be a good idea. It would make the site an alternative to existing sites like bit bet and bets of Bitcoin. |
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Predictious (OP)
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October 24, 2013, 08:45:45 PM |
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Excellent idea after hubdub and intrade. Is it possible to create our own questions (markets)?
You can send us market suggestions, however we don't allow users to directly submit markets as we want to make sure they meet certain guidelines. New Markets posted today: |
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theonewhowaskazu
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October 25, 2013, 12:38:10 AM |
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I'm confused as to what "sell" means.
Does sell mean I'm selling someone else the binary option, i.e, I'm issuing it, so if it DOES happen I'll have to pay out 0.01 BTC / share?
Or does it mean if it DOESN'T happen, I'll make 0.01 BTC / share?
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Predictious (OP)
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October 25, 2013, 08:50:27 PM |
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I'm confused as to what "sell" means.
Does sell mean I'm selling someone else the binary option, i.e, I'm issuing it, so if it DOES happen I'll have to pay out 0.01 BTC / share?
Or does it mean if it DOESN'T happen, I'll make 0.01 BTC / share?
@theonewhowaskazu: When you short sell at say m BTC4 per share that means you will have to pay a collateral of m BTC10-m BTC4 = m BTC6 per share. If you win (the event does not happen), you get back your collateral (m BTC6) + m BTC4 = m BTC10. If you lose (the event did happen), you lose your collateral (m BTC6). Don't hesitate if you have more questions. New Markets: |
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theonewhowaskazu
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October 26, 2013, 12:04:47 AM |
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I'm confused as to what "sell" means.
Does sell mean I'm selling someone else the binary option, i.e, I'm issuing it, so if it DOES happen I'll have to pay out 0.01 BTC / share?
Or does it mean if it DOESN'T happen, I'll make 0.01 BTC / share?
@theonewhowaskazu: When you short sell at say m BTC4 per share that means you will have to pay a collateral of m BTC10-m BTC4 = m BTC6 per share. If you win (the event does not happen), you get back your collateral (m BTC6) + m BTC4 = m BTC10. If you lose (the event did happen), you lose your collateral (m BTC6). Don't hesitate if you have more questions. New Markets:Thanks, I really like the site btw. Had some luck with the DOW. Considering adding VIX bets to your site? I'd probably do really well on those  For example, "VIX to close above the previous day's close on 10/25/2013." |
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mises
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October 26, 2013, 01:22:46 AM |
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I really like the design of your site. Looks professional and a smart way to connect different kinds of predictive gambling onto one website.
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Predictious (OP)
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October 26, 2013, 09:09:16 PM |
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Thanks, I really like the site btw. Had some luck with the DOW. Considering adding VIX bets to your site? I'd probably do really well on those For example, "VIX to close above the previous day's close on 10/25/2013." Thanks for the suggestion! We've now added the following market on Predictious: |
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geniusboy91
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October 29, 2013, 04:53:47 AM |
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I like the idea behind the site, but you definitely need to do something to get more users. Barely any of the bets even have both buys and sells. You might have to do some sort of promo to get more users.
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shadallion
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November 06, 2013, 12:46:40 AM |
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Can you explain why all of the candidates for Time's Person of the Year are bid at 9.90?
Doesn't this mean that they're ALL enormous favorites to win?
Shouldn't they all be Sells at 9.90 instead, as there's probably no clear cut favorite?
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Predictious (OP)
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November 07, 2013, 09:32:50 PM |
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Can you explain why all of the candidates for Time's Person of the Year are bid at 9.90?
Doesn't this mean that they're ALL enormous favorites to win?
Shouldn't they all be Sells at 9.90 instead, as there's probably no clear cut favorite?
Hi Shadallion, On Predictious, users can set their own prices. In this instance, it means someone has placed a sell order at $9.9 per share. You're however free to set a buy order at a lower price. If someone is then ok to sell you shares at your given price, your orders will be matched, and you will then own shares. Here it's not ideal, this market is unfortunately lacking liquidities, hence the unattractive odds. We however encourage you to set your own price if you want your order to be matched. You can read more about this in our HelpCenter article Can I set my own market price? How is this done?You should consider including Cricket
Hardly any sport lends itself that well to event-specific betting
Cricket betting is banned in India and as an increasing no: of Indians enter the btc ecosystem, you are going to benefit
Thanks for the suggestion Maurya78, we'll look into adding Cricket. |
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Predictious (OP)
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November 07, 2013, 09:33:33 PM
Last edit: November 07, 2013, 09:47:05 PM by Predictious |
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Predictious (OP)
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November 09, 2013, 11:59:22 AM
Last edit: November 09, 2013, 03:49:55 PM by Predictious |
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