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UpDown.BT (OP)
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July 18, 2014, 07:53:14 PM |
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If you guys want to bet/trade with a legit 60 second option broker go to http://satoshioption.com. They might not be on bitcointalk vary much but the site has always paid me over the last 12 months Pro's 100% anonymous Onsite wallet Been paying for more than a year Money forgotten in a onsite wallet is automatically sent back to the sending address after 3 days of inactivity Con's Markets sometimes turn off/on Deposits need 1 confirmation Low payout for btc/usd compared to forex pairs/gold/silver Satoshi Option also runs a option exchange for btc/usd more similar to normal options instead of binary. I haven't personally tried that portion of the site yet though so no feedback. Alternatively beastoption runs on professional binary option trading software which is pretty much the same as any usd/eur/gbp based binary broker. They also offer longer timeframe of 1m to 1h. We've had a lot of discussions about onsite wallet, but we want to secure client's money as much as possible, and best way to do so is not to store client's money. As many people have stated it's also the best way to prolong the bet by x amount of time. With a 60 second option even 1 second delay (never mine 50-100%) is enough to tip the scales from profit to loss. Which is why I only play where onsite wallets are available. Hope this delays will be smaller after upcoming infrastructure update, and we're still discussing onsite wallets for hardcore players who wants no delay in bets processing. Thank you for your feedback. |
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UpDown.BT (OP)
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July 18, 2014, 07:55:03 PM |
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Both of the transactions you provided above are processed without any errors. Processing status will be shown until we will get first confirmation, that may take pretty much time sometimes. (1) My orders have been processed many times without this 1 confirmation requirement. (2) This rule is not shown ahead of time and is entirely unreasonable. How can I possibly predict when the next block will come, let alone the price of gold at that time? Before we was trying to work without transactions confirmation but as well as many other providers was been affected by doublespend fraud. You get it wrong. We're waiting for confirmation only to provide payout and avoid doublespend. It doesn't affect the time of bet realisation. |
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theonewhowaskazu
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July 18, 2014, 07:55:51 PM |
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Both of the transactions you provided above are processed without any errors. Processing status will be shown until we will get first confirmation, that may take pretty much time sometimes. (1) My orders have been processed many times without this 1 confirmation requirement. (2) This rule is not shown ahead of time and is entirely unreasonable. How can I possibly predict when the next block will come, let alone the price of gold at that time? You get it wrong. We're waiting for confirmation only to provide payout and avoid doublespend. It doesn't affect time of bet realisation. Except it does in my case. Please refer to the transaction date/time I provided. |
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Initscri
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July 18, 2014, 08:31:58 PM |
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Web Developer. PM for details.
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UpDown.BT (OP)
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July 18, 2014, 08:51:48 PM |
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Both of the transactions you provided above are processed without any errors. Processing status will be shown until we will get first confirmation, that may take pretty much time sometimes. (1) My orders have been processed many times without this 1 confirmation requirement. (2) This rule is not shown ahead of time and is entirely unreasonable. How can I possibly predict when the next block will come, let alone the price of gold at that time? You get it wrong. We're waiting for confirmation only to provide payout and avoid doublespend. It doesn't affect time of bet realisation. Except it does in my case. Please refer to the transaction date/time I provided. Your bets was been processed in 60 seconds right after it was been made, as I can see in our backoffice, as an example let's take first transaction you provided above. You bet on gold price fall from 1293.69000 at 2014-07-15 22:29:32 utc, 60 seconds after, at 22:30:32 gold price was 1293.70000, so this bet was wrong and you loose. |
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UpDown.BT (OP)
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July 18, 2014, 09:00:49 PM |
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Minimal bets are still a donation. We just plan to return transactions that are below minimum, but not implemented it yet. |
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Initscri
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July 18, 2014, 09:55:52 PM |
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Minimal bets are still a donation. We just plan to return transactions that are below minimum, but not implemented it yet. Thanks, but your cause is one I do not wish to donate to. I request my money back. I never specified I wish to donate. It is your companies requirement to specify and make sure people are understanding the minimum bet principle; otherwise you will be called scammers. |
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Web Developer. PM for details.
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elianite
Legendary
 Offline
Activity: 1377
Merit: 1134
The Cryptonumist
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July 26, 2014, 08:24:29 AM |
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site is known to be dishonest if not outright scammer. |
New book: BLOCKLAND: 21 Stories of Bitcoin, Blockchain, and Cryptocurrency www.cryptonumist.com/blocklandAuthor of Encyclopedia of Physical Bitcoins and Crypto-Currencies. View a free sample and Buy the book at https://cryptonumist.comTo prevent hacks, DO NOT send me BTC above $300 value before first emailing coins@cryptonumist.com to confirm. Beware of scammers on Telegram/Instagram etc. |
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Initscri
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July 29, 2014, 05:05:53 AM |
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Seems like you won't be able to receive a refund. I hope you enjoyed donating to the site owner. :/ Minimal bets are still a donation. We just plan to return transactions that are below minimum, but not implemented it yet. Thanks, but your cause is one I do not wish to donate to. I request my money back. I never specified I wish to donate. It is your companies requirement to specify and make sure people are understanding the minimum bet principle; otherwise you will be called scammers. Website = Scam. He is paying people out in his signature campaign (some people), but completely ignoring other issues. His trust is going up because of signatures which is completely ignoring the shady nature of his site. |
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Web Developer. PM for details.
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Glork
Newbie
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Activity: 2
Merit: 0
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July 29, 2014, 05:23:47 AM |
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Seems like you won't be able to receive a refund. I hope you enjoyed donating to the site owner. :/
That's not what he says in the first post. What is your limits for a single bet, what will be happened with my bet if it's amount is beyond the limits?
— Min bet is 0.01, max bet is 0.3, bets that are not withtin this limits will be returned to senders with miners fee deducted If he wants to run a long-term business instead of scamming a few people for <$5, it is in his interest to honour his word. I believe the website is still in development and subject to glitches. I reported 2 of them here: transaction went into "Processing..." instead of closing after 60s (you can check the time logs, it is a bet I should have won) and bet below minimum is not being returned (you can check the blockchain) If the owner accepts to refund, he will prove beyond doubt that his website is not a scam. If not, I lost $10 and life goes on  |
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Initscri
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July 29, 2014, 05:26:28 AM |
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Seems like you won't be able to receive a refund. I hope you enjoyed donating to the site owner. :/
That's not what he says in the first post. What is your limits for a single bet, what will be happened with my bet if it's amount is beyond the limits?
— Min bet is 0.01, max bet is 0.3, bets that are not withtin this limits will be returned to senders with miners fee deducted If he wants to run a long-term business instead of scamming a few people for <$5, it is in his interest to honour his word. I believe the website is still in development and subject to glitches. I reported 2 of them here: transaction went into "Processing..." instead of closing after 60s (you can check the time logs, it is a bet I should have won) and bet below minimum is not being returned (you can check the blockchain) If the owner accepts to refund, he will prove beyond doubt that his website is not a scam. Yeah. He said that refunds would be sent out soon (Quoting me). He is flip-flopping on his word. He needs to start paying attention to this thread and responding. I'm surprised his website/company/business has lasted as long as it has with the ethics (or lack thereof) and business approach he has taken. |
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Web Developer. PM for details.
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Shogen
Legendary
Offline
Activity: 966
Merit: 1001
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July 29, 2014, 06:18:10 AM |
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Seems like you won't be able to receive a refund. I hope you enjoyed donating to the site owner. :/
That's not what he says in the first post. What is your limits for a single bet, what will be happened with my bet if it's amount is beyond the limits?
— Min bet is 0.01, max bet is 0.3, bets that are not withtin this limits will be returned to senders with miners fee deducted If he wants to run a long-term business instead of scamming a few people for <$5, it is in his interest to honour his word. I believe the website is still in development and subject to glitches. I reported 2 of them here: transaction went into "Processing..." instead of closing after 60s (you can check the time logs, it is a bet I should have won) and bet below minimum is not being returned (you can check the blockchain) If the owner accepts to refund, he will prove beyond doubt that his website is not a scam. Yeah. He said that refunds would be sent out soon (Quoting me). He is flip-flopping on his word. He needs to start paying attention to this thread and responding. I'm surprised his website/company/business has lasted as long as it has with the ethics (or lack thereof) and business approach he has taken. IMO, Updown hasn't done the best job in communicating with the users, as he has spent too little time on bitcointalk. For example, he hasn't been online since July 18... |
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Shallow
Sr. Member
Offline
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
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July 30, 2014, 11:15:06 AM |
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I am sure a lot of people knows this already, but UpDown.bt is a scam. It is also connected to the hacking of MtGox.
Be careful.
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rz20
Legendary
Offline
Activity: 1330
Merit: 1001
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July 31, 2014, 12:57:18 AM |
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Where do you get all the data?
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Soappa
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July 31, 2014, 02:38:31 AM |
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Where do you get all the data?
This question has been asked again and again since the beginning, and OP never answered it... I'd like to suggest some improvements:
3rd) Showing the feed source for each type of bet may help proving that this game is (almost) provably fair;
3) We're not disclosing a source for the financial feeds and never plan to. |
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rz20
Legendary
Offline
Activity: 1330
Merit: 1001
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July 31, 2014, 02:40:09 AM |
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So in shorts words, they invent the data and they can manipulate it.
gg
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allforbtc
Member
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Activity: 110
Merit: 10
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August 01, 2014, 10:57:37 AM |
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