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Author Topic: Bets of Bitcoin - Bitcoin betting on real world events  (Read 62077 times)
Financisto
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July 01, 2013, 03:28:50 AM
 #401

there are 3 sports betting sites that I like:

nitrogen
btcsportsbet
sportingbit.com



Thanks for sharing that info.

It would be nice an website with live odds from all of that bookmakers that currently accept Bitcoin as payment.

I guess there are about 7 bookmakers like that nowadays.

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July 03, 2013, 07:48:08 PM
 #402

there are 3 sports betting sites that I like:

nitrogen
btcsportsbet
sportingbit.com



Thanks for sharing that info.

It would be nice an website with live odds from all of that bookmakers that currently accept Bitcoin as payment.

I guess there are about 7 bookmakers like that nowadays.

Finac,
i am actually working on such a site. I have all the live lines to myself but am looking for the best way to display them.

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July 03, 2013, 08:04:57 PM
Last edit: July 03, 2013, 08:32:48 PM by Financisto
 #403

Quote

Finac,
i am actually working on such a site. I have all the live lines to myself but am looking for the best way to display them.


Nice work!

Don't forget to announce that project in a new thread and warn me when it's ready to rock!  Wink

By the way, I just figured it out that betsofbitco.in might work as an P2P sports betting bookmaker with variable odds.

How are they updating everyday's propositions?

Are they rigorous on closing the bets and paying the punters in time?

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August 18, 2013, 09:08:10 PM
 #404

Please close: http://betsofbitco.in/item?id=1533

I don't believe pizza hut accepts bitcoins!

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August 20, 2013, 05:40:27 AM
 #405

Hmm :
site gives me this error :

Both iceweasel and chromium forward me immediately from https://betsofbitco.in/ to http without warning. Weird indeed. How can I check the certificate in this case?

Code:
$ wget https://betsofbitco.in/
--2013-08-20 01:38:07--  https://betsofbitco.in/
Resolving betsofbitco.in (betsofbitco.in)... 95.211.41.87
Connecting to betsofbitco.in (betsofbitco.in)|95.211.41.87|:443... connected.
HTTP request sent, awaiting response... 302 Found
Location: http://betsofbitco.in/ [following]
--2013-08-20 01:38:10--  http://betsofbitco.in/
Connecting to betsofbitco.in (betsofbitco.in)|95.211.41.87|:80... connected.
HTTP request sent, awaiting response... 200 OK



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August 20, 2013, 10:02:21 PM
 #406

I think cert is broken or revoked.
We all should wait for owner to repair it.
Kinda an italian strike Wink

what does that mean about the certificate

who issues those?

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August 21, 2013, 09:09:45 PM
 #407

i can not see it in Opera/Firefox.
Site works ok for me in Chromium...
Still it's not normal behavior.
aka you get https access to https://betsofbitco.in/ with a valid certificate? I doubt that.

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August 23, 2013, 01:24:28 PM
 #408

Hmm :
site gives me this error :

Both iceweasel and chromium forward me immediately from https://betsofbitco.in/ to http without warning. Weird indeed. How can I check the certificate in this case?

Code:
$ wget https://betsofbitco.in/
--2013-08-20 01:38:07--  https://betsofbitco.in/
Resolving betsofbitco.in (betsofbitco.in)... 95.211.41.87
Connecting to betsofbitco.in (betsofbitco.in)|95.211.41.87|:443... connected.
HTTP request sent, awaiting response... 302 Found
Location: http://betsofbitco.in/ [following]
--2013-08-20 01:38:10--  http://betsofbitco.in/
Connecting to betsofbitco.in (betsofbitco.in)|95.211.41.87|:80... connected.
HTTP request sent, awaiting response... 200 OK



There is no certificate or encryption, there is likely a htaccess rewrite rule to redirect secure requests to the unencrypted site. Maybe there was a cert/secure site before but they let it expire?
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August 25, 2013, 09:01:48 PM
 #409

shouldn't this one be closed since it is a definite

http://betsofbitco.in/item?id=1669

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September 01, 2013, 09:30:52 PM
 #410

Why was this one not ended along time ago:

http://betsofbitco.in/item?id=1163

The US debt limit will be raised before end of day ET 31 Mar 2013

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September 20, 2013, 08:18:46 PM
 #411

Why was this one not ended along time ago:

http://betsofbitco.in/item?id=1163

The US debt limit will be raised before end of day ET 31 Mar 2013

This still is not closed

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September 24, 2013, 07:27:26 AM
 #412

http://betsofbitco.in/item?id=1706

HashFast will ship their first chip (to spec) to a buying customer on, or before October 31st, 2013.

Code:
HashFast Technologies (http://hashfast.com/) is a fabless semiconductor manufacturer specializing in extreme performance hashing ASICs.

Their first chip, the Golden Nonce (GN) microprocessor, is in the final stages of development. The GN will ‘tape-out’ and be sent to manufacturing in August. Fabrication will take a little bit over two months, and the chips will ship to customers in October.

The GN chip will perform more than 400 Ghash per second, and uses as little as 10% of the power per Ghash as the current-generation ASICs.

Current-generation ASICs power per Ghash is defined as 1W for 1Ghash.

HashFast's GN Bitcoin mining microprocessor will ship to a buying customer on, or before October 31st, 2013, must hash more than 400 Ghash per second, and only draw a maximum of 40W.

Editor's note: We will judge the statement according to the forum posts. We will call it a draw if we think that there is not enough evidence either way.

Info
Opening date: Aug. 4, 2013
Bet deadline: Oct. 10, 2013 end of day Eastern Time
Event date: Oct. 31, 2013 end of day Eastern Time
Category: Technology
Total agree bets: 0.10
Total disagree bets: 1.00
Total weighted agree bets: 161.114
Total weighted disagree bets: 1614.042

This will be interesting...

QG

Where did this "10% of current-generation" power use claim come from?

I don't recall HashFast ever saying they'd get 400GH with 40 watts.

I just checked, and Hashfast's promised spec is <1 watt per gigahash, not 0.01!

Did the creator of this bet just make up something impossible to ensure Hashfast can't win?!?

Or is it just a typo?


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October 09, 2013, 12:03:25 PM
 #413

It seems to me that the description of this bet changed after I placed my bet: http://betsofbitco.in/item?id=1210

It now says:
"* http://www.Bitcoinx.org is working on a decentralized exchange for "colored coins", but there is doubt as to whether such coins will maintain their nominal face values when pegged to commodities and currencies. "

I agree that that usdCoins, goldcoins, oilCoins, etc can be issued and backed by a central issuer. And if they back it I expect their price to be similar to their real/paper courterparties.
What I don't believe is you can do this without trusting an issuer, which is what mastercoin attempts to do and what I bet against.

Did I read that part too fast when I bet or has it really changed after I did it?
If it changed, I want to take back my bet, I've been talking about usdCoins with an issuer inside the chain for years, before the term "colored coins" was even coined.
 

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October 09, 2013, 06:09:51 PM
 #414

It seems to me that the description of this bet changed after I placed my bet: http://betsofbitco.in/item?id=1210

It now says:
"* http://www.Bitcoinx.org is working on a decentralized exchange for "colored coins", but there is doubt as to whether such coins will maintain their nominal face values when pegged to commodities and currencies. "

I agree that that usdCoins, goldcoins, oilCoins, etc can be issued and backed by a central issuer. And if they back it I expect their price to be similar to their real/paper courterparties.
What I don't believe is you can do this without trusting an issuer, which is what mastercoin attempts to do and what I bet against.

Did I read that part too fast when I bet or has it really changed after I did it?
If it changed, I want to take back my bet, I've been talking about usdCoins with an issuer inside the chain for years, before the term "colored coins" was even coined.
 


I wrote that bet, and it hasn't changed.

Everybody knows that colored coins exist, but I personally doubt they will be able to maintain parity with their underlying asset, due to risk of default by the issuer. That is, I don't think USDCoins will be able to hold a value of $1 each. Consequently, I don't think you'll lose your bet due to colored coins.

The MasterCoin project, on the other hand . . . Smiley

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October 09, 2013, 07:08:40 PM
 #415

I wrote that bet, and it hasn't changed.

Ok, then it's my bad because I didn't read that part with enough attention.

Everybody knows that colored coins exist, but I personally doubt they will be able to maintain parity with their underlying asset, due to risk of default by the issuer. That is, I don't think USDCoins will be able to hold a value of $1 each. Consequently, I don't think you'll lose your bet due to colored coins.

I think I will lose my bet because of it. If there's reliable issuers that keep their promises I think they will have parity.
For national currencies like usd or eur is very easy and already happening with bitstampUSD on ripple(tm), for example.

The MasterCoin project, on the other hand . . . Smiley

Exactly, I know you think it is possible to make p2p derivatives through a deterministic fund with mastercoin/bitcoin reserves and that's what I intuitively think that can be exploited and want to bet against.
Maybe we can create another bet we are both comfortable in the opposite sides.
Would you bet on a similar prediction excluding the centralized issuer with real reserves approach as a mean to achieve the "assetCoins parity"?

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October 09, 2013, 07:31:04 PM
 #416

I wrote that bet, and it hasn't changed.

Ok, then it's my bad because I didn't read that part with enough attention.

Everybody knows that colored coins exist, but I personally doubt they will be able to maintain parity with their underlying asset, due to risk of default by the issuer. That is, I don't think USDCoins will be able to hold a value of $1 each. Consequently, I don't think you'll lose your bet due to colored coins.

I think I will lose my bet because of it. If there's reliable issuers that keep their promises I think they will have parity.
For national currencies like usd or eur is very easy and already happening with bitstampUSD on ripple(tm), for example.

The MasterCoin project, on the other hand . . . Smiley

Exactly, I know you think it is possible to make p2p derivatives through a deterministic fund with mastercoin/bitcoin reserves and that's what I intuitively think that can be exploited and want to bet against.
Maybe we can create another bet we are both comfortable in the opposite sides.
Would you bet on a similar prediction excluding the centralized issuer with real reserves approach as a mean to achieve the "assetCoins parity"?


I would, except I spent all my bitcoins on MasterCoins! Smiley

I literally have almost zero bitcoins left! If I get more bitcoins, I might set up another bet.

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October 09, 2013, 09:50:20 PM
 #417

I would, except I spent all my bitcoins on MasterCoins! Smiley

I literally have almost zero bitcoins left! If I get more bitcoins, I might set up another bet.

Hehehe, I understand.
I have also spent most of my bitcoins on freicoins.
Suddenly my lately preferred way to buy btc was more restricted and I would like to explore other ways...
I have some because [spolier]Skyler behaved as expected[/spolier], but maybe it's not the right time to bet on this.
I still think I will lose the other one because of colored coins/freimarkets though.
Maybe the absence of oilCoins will safe me? Let's see. Didn't bet much because of the time horizon anyway.

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October 09, 2013, 10:04:03 PM
 #418

I would, except I spent all my bitcoins on MasterCoins! Smiley

I literally have almost zero bitcoins left! If I get more bitcoins, I might set up another bet.

Hehehe, I understand.
I have also spent most of my bitcoins on freicoins.
Suddenly my lately preferred way to buy btc was more restricted and I would like to explore other ways...
I have some because [spolier]Skyler behaved as expected[/spolier], but maybe it's not the right time to bet on this.
I still think I will lose the other one because of colored coins/freimarkets though.
Maybe the absence of oilCoins will safe me? Let's see. Didn't bet much because of the time horizon anyway.


I don't think you're in any danger from freimarkets, since the bet statement says:

Quote
This statement will be regarded as true if before January 1st, 2015 it is possible to buy, sell, trade, and spend virtual currencies which track the value of gold, oil, and U.S. Dollars, with the record of these transactions stored in the primary bitcoin block chain

(emphasis mine)

Since by my understanding freimarkets won't use the primary bitcoin blockchain, I think colored coins and MasterCoin are your only worry. (By the same logic, Bitshares being successful also wouldn't cause you to lose your bet.)

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October 10, 2013, 04:00:53 AM
 #419

Freimarkets could be deployed in Bitcoin's blockchain if the required hardfork is accepted by the network.
It will likely happen on Freicoin first, but it is a protocol extension that can operate in both chains at the same time.
And as said, order-based colored coins (freimarkets are "tag-based colored coins" according to Meni Rosenfeld) is what worries me in the current bet.
In fact, I would not want to bet against a mastercoin based on a central issuer neither (I undesrtand that's possible, isn't it?). I just want to bet against your proposed p2p derivative issued by a protocol such as mastercoin.
If bitshares claims to be able to do the same p2p derivative or similar, I would prefer the new bet not to be so specific about the bitcoin chain so that the bitshare people can also disagree with me (the more coins against me, the higher the reward if I win).

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October 10, 2013, 03:19:34 PM
 #420

Freimarkets could be deployed in Bitcoin's blockchain if the required hardfork is accepted by the network.
It will likely happen on Freicoin first, but it is a protocol extension that can operate in both chains at the same time.
And as said, order-based colored coins (freimarkets are "tag-based colored coins" according to Meni Rosenfeld) is what worries me in the current bet.
In fact, I would not want to bet against a mastercoin based on a central issuer neither (I undesrtand that's possible, isn't it?). I just want to bet against your proposed p2p derivative issued by a protocol such as mastercoin.
If bitshares claims to be able to do the same p2p derivative or similar, I would prefer the new bet not to be so specific about the bitcoin chain so that the bitshare people can also disagree with me (the more coins against me, the higher the reward if I win).


It sounds like maybe you should write this bet Smiley

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