Peerbet

[giantdragon]

*confused*
Does this mean all the time running peerbet resulted in a loss of 20 BTC for the site? Despite ad revenue etc?

20 BTC is users remaining balances (i.e. total amount which users have ever deposited deducting withdrawals). These funds are on Peerbet's wallet, so I don't lost anything.
I decided not including the wallet into the lot because it is impossible to predict what part of these funds will be withdrawn (it may be as little as 5 BTC or as much as 20 BTC, nobody knows).

So it would still be interesting to get some information about the overall site's profits before placing a bid...

As I said in some post above, I don't track earnings from the ads. They are not much, may be 1-2 BTC/month. I assume that the buyer could get profit from integrating Peerbet into own gambling service.

[giantdragon]

I got PM from anonymous bidder who offered 51 BTC.

[Herbert]

So it would still be interesting to get some information about the overall site's profits before placing a bid...

As I said in some post above, I don't track earnings from the ads. They are not much, may be 1-2 BTC/month. I assume that the buyer could get profit from integrating Peerbet into own gambling service.

Wow, considering the amount of time and work you put into this project... this is not much Sad to hear this.

[giantdragon]

Wow, considering the amount of time and work you put into this project... this is not much Sad to hear this.

When I created Peerbet I didn't expected much profit from ads. The main idea to make profit was to grow big user base and then sell Peerbet. Many startups follow this business model, even operating some time in the loss.
I expect the buyer who is owner of the Bitcoin gambling site, so he could significantly boost revenue by integrating Peerbet into his casino.

[giantdragon]

I want to clarify some stats.

Total amount of deposits last month: ~65 BTC
Total amount of bets last month (turnover): ~1100 BTC

[giantdragon]

52 BTC anonymous bid received.

[giantdragon]

53 BTC anonymous bid.

[KingOfSports]

Anonymous bids are all good and such however account holders of peerbet probably would not be happy about a new owner who remains anonymous. This would definitely create anxiety for me if my funds are safe or similar things. Just food for thought.

[tschimske]

54 BTC

[giantdragon]

Anonymous bids are all good and such however account holders of peerbet probably would not be happy about a new owner who remains anonymous. This would definitely create anxiety for me if my funds are safe or similar things. Just food for thought.

Anonymous bids came from trustworthy Bitcointalk users who already operate own Bitcoin businesses, just they asked me to keep names anonymous. I will not sell Peerbet to the scammers.

[giantdragon]

60 BTC anonymous bid received.

[tschimske]

61 BTC

[ingrownpocket]

61 BTC

I think you're BSing.

[cornfeedhobo]

I still don't understand. How are you keeping the users' account balances? are the current users just going to be screwed? or do you mean that you are taking the current loses, thus we would need to have capital to pay out with in the mean time?

[giantdragon]

I still don't understand. How are you keeping the users' account balances? are the current users just going to be screwed? or do you mean that you are taking the current loses, thus we would need to have capital to pay out with in the mean time?

You should read the first post. I explicitly stated that the buyer takes liabilities against Peerbet's users, so balances are 100% safe and you have absolutely no reason to make panic withdrawals.

[KingOfSports]

For people not highly trusted, I would definitely have them sign a wallet with the funds they bid or something similar to prevent fake bids from just raising it, last thing you need is someone unwilling to pay winning it. Just a suggestion. I have a gut feeling TF is one of the anonymous bidders...

[giantdragon]

For people not highly trusted, I would definitely have them sign a wallet with the funds they bid or something similar to prevent fake bids from just raising it, last thing you need is someone unwilling to pay winning it. Just a suggestion.

Most of anonymous bids come from trustworthy Bitcoin business owners, so I don't think they will cheat.

[giantdragon]

"Buy it now" price 65 BTC.

[tschimske]

Buyed. Please contact via PM for further steps.

Not yet in BTC but in USD ;-)

[giantdragon]

Buyed. Please contact via PM for further steps.

Not yet in BTC but in USD ;-)

Sorry, but this auction from the beginning have been for Bitcoin. Buy missing amount on MtGox/Bitstamp/BTC-E and only than I will accept your bid.

Auction still active.