Bets of Bitcoin - Bitcoin betting on real world events - page 23.

jtimon

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Quote from: coinjedi on November 28, 2011, 11:39:38 AM

Quote from: jtimon on November 28, 2011, 05:59:28 AM

It would be nice if you could edit your bet while is waiting for approval.
I made a mistake with the "Bet deadline" field.

When you need a correction, please email us (admin at betsofbitco.in). I'll take a note to make it editable in the future.

Thank you. Mail sent.

coinjedi

full member

Activity: 184

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Quote from: jtimon on November 28, 2011, 05:59:28 AM

It would be nice if you could edit your bet while is waiting for approval.
I made a mistake with the "Bet deadline" field.

When you need a correction, please email us (admin at betsofbitco.in). I'll take a note to make it editable in the future.

jtimon

legendary

Activity: 1372

Merit: 1002

It would be nice if you could edit your bet while is waiting for approval.
I made a mistake with the "Bet deadline" field.

coinjedi

full member

Activity: 184

Merit: 100

Quote from: theymos on November 26, 2011, 10:58:52 PM

Some of the statements I've bet on will have no losers. Do you still take a fee in this case?

We get a commission from the losing bets. If nothing is lost, we get nothing and winning side gets everything back.
But once the statement is accepted submission fee is not refundable.

theymos

administrator

Activity: 5222

Merit: 13032

Some of the statements I've bet on will have no losers. Do you still take a fee in this case?

coinjedi

full member

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We are on The Bitcoin Show. Check it out!

coinjedi

full member

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Merit: 100

Quote from: Snapman on November 20, 2011, 12:00:24 AM

how many confirmations before my deposit shows?

Your deposit is already cleared. Happy betting!

Snapman

sr. member

Activity: 291

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BTCRadio Owner

how many confirmations before my deposit shows?

coinjedi

full member

Activity: 184

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Our first bet to pass 100 BTC mark is on a new bitcoin mining hardware:
http://betsofbitco.in/item?id=141

Thanks everyone who has participated. Bets are still on, so you can join.

coinjedi

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We are back online. Happy betting!

coinjedi

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Merit: 100

Quote from: BitcoinBug on October 28, 2011, 11:14:22 AM

Site down.
http://www.downforeveryoneorjustme.com/http://betsofbitco.in

Coinjedi?

Yes, we are working on it. It is possibly due to a problem with the service provider. We created a support ticket and they are working on it. Once again, we have regular off-site backups for the worst case. We hope to be back soon.

BitcoinBug

full member

Activity: 196

Merit: 100

Site down.
http://www.downforeveryoneorjustme.com/http://betsofbitco.in

Coinjedi?

coinjedi

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Quote from: Stephen Gornick on October 19, 2011, 03:49:24 PM

Competition coming? Crowdpark the creator of the social gambling and prediction-market Bet Tycoon on Facebook just got $6M of new funding and its co-founder "would love to" add bitcoin as a virtual currency used in their betting.

Whether or not there is a sincere interest in this or if this was just a response was teased out by the reporter is something not apparent from the article.

- http://www.benzinga.com/tech/11/10/1997687/who-wants-to-gamble-with-bitcoins-on-facebook

We welcome competition. It means that we are probably on the right track. On the other hand it may very well turn out to be vaporware. There has been many rumors of inTrade accepting Bitcoins as well.

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Competition coming? Crowdpark the creator of the social gambling and prediction-market Bet Tycoon on Facebook just got $6M of new funding and its co-founder "would love to" add bitcoin as a virtual currency used in their betting.

Whether or not there is a sincere interest in this or if this was just a response was teased out by the reporter is something not apparent from the article.

- http://www.benzinga.com/tech/11/10/1997687/who-wants-to-gamble-with-bitcoins-on-facebook

memvola

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Quote from: coinjedi on September 27, 2011, 04:21:53 PM

Quote from: memvola on September 27, 2011, 11:33:06 AM

Or the service provider needs to work around it. Giving the control of all or most of the assets to a trusted network of arbiters could be one way of doing it. Every transaction above a certain amount will need signatures of a certain number of arbiters. These people need to be publicly known and trusted. They can do this for multiple projects and make money from it.

Is there such an arbiter protocol suggested somewhere? Does anybody know if this is possible with Open Transactions?

Not to my knowledge. I also would like to know if the scripting system of Bitcoin is capable of supporting something that would be of help in this manner? AFAIK you can theoretically require n signatures out of m to access an amount, but once you have the required criteria you access the whole amount. It can still be useful though...

coinjedi

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Quote from: memvola on September 27, 2011, 11:33:06 AM

Or the service provider needs to work around it. Giving the control of all or most of the assets to a trusted network of arbiters could be one way of doing it. Every transaction above a certain amount will need signatures of a certain number of arbiters. These people need to be publicly known and trusted. They can do this for multiple projects and make money from it.

Is there such an arbiter protocol suggested somewhere? Does anybody know if this is possible with Open Transactions?

memvola

hero member

Activity: 938

Merit: 1002

Quote from: BitcoinBug on September 27, 2011, 07:09:29 AM

Yes, community needs responsible service providers. Hiding behind anonymity does not help at all!

Or the service provider needs to work around it. Giving the control of all or most of the assets to a trusted network of arbiters could be one way of doing it. Every transaction above a certain amount will need signatures of a certain number of arbiters. These people need to be publicly known and trusted. They can do this for multiple projects and make money from it.

BitcoinBug

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Merit: 100

Quote from: coinjedi on September 27, 2011, 04:07:50 AM

These are all true.
We want to earn trust by being in business for years to come. I understand people being paranoid. We were actually frustrated when our competitor moonco.in has disappeared. Community needs responsible service providers more than anything.

People trusted MyBitcoin for the same reason, being in business for long time... but it's false type of trust I believe. What prevents you from disappearing 5 years from now, when site is popular and there's big incentive/little risk to do so?

Yes, community needs responsible service providers. Hiding behind anonymity does not help at all!

coinjedi

full member

Activity: 184

Merit: 100

Quote from: BitcoinBug on September 26, 2011, 06:39:24 PM

I'd like to raise a question about this service: do we have any good reason to trust it?

Some quick facts:
- owner identity unknown
- it was registered with offshore 100% anonymous hosting (vindohosting.com)
- it is hosted at LeaseWeb currently (same as MyBitcoin)

I hate to be paranoid, but somebody has to be.

These are all true.
We want to earn trust by being in business for years to come. I understand people being paranoid. We were actually frustrated when our competitor moonco.in has disappeared. Community needs responsible service providers more than anything.

memvola

hero member

Activity: 938

Merit: 1002

Quote from: BitcoinBug on September 26, 2011, 06:39:24 PM

I'd like to raise a question about this service: do we have any good reason to trust it?

Some quick facts:
- owner identity unknown
- it was registered with offshore 100% anonymous hosting (vindohosting.com)
- it is hosted at LeaseWeb currently (same as MyBitcoin)

I hate to be paranoid, but somebody has to be.

These are all good questions. I trust it enough to bet on everything I have a vague idea about, but I suspect the service not being very active is somewhat related to trust. There are very long bets, which I think is a very good thing to have, but besides the reality of locking your money for a long time, it's currently impossible to judge if the system will be alive for that long. I hope we see improvements on that front, otherwise it will just be simple bets for simple amounts.

Topic: Bets of Bitcoin - Bitcoin betting on real world events - page 23. (Read 62127 times)