Topic: BitBet open beta. - page 2. (Read 4189 times)
Last minute release, some financials etc. IPO to start in about one hour.
BitBet is like NakaBot trying to get into the established market of SatoshiDICE.
In other words, it's going to fail.
In other words, it's going to fail.
1 Satoshi is 0,00000001 BTC
1000 Satoshis is 0,0001 BTC
1000 Satoshis is 0,0001 BTC
Curious if this will result in complaints that shares are being sold too cheap, to go with the complaints about S.DICE being too expensive at 32 or w/e it was back in August.
Oh great, as if I didn't already waste enough of my work days gambling.
Don't work your gamble I mean gamble your workday away!
Oh great, as if I didn't already waste enough of my work days gambling.
1 Satoshi is 0,00000001 BTC
1000 Satoshis is 0,0001 BTC
1000 Satoshis is 0,0001 BTC
1000 Satoshi is...? 
BTC0.001???
BTC0.001???
Can you be more specific as to how the IPO share allocation will work with respect to buy orders placed before Jan 11? Is it based on time of order placement priority, proportional distribution to all valid orders, lotto system?
i.e, does the first person who placed a buy order for 10,000 shares @ 1000 satoshi / share get 100% of the first block allocation? Or do all orders in before Jan 11 that are >= 1000 satoshi / share get a weighted proportion of the first block allocation? What about the second block?
i.e, does the first person who placed a buy order for 10,000 shares @ 1000 satoshi / share get 100% of the first block allocation? Or do all orders in before Jan 11 that are >= 1000 satoshi / share get a weighted proportion of the first block allocation? What about the second block?
Neither. On the 11th when IPO starts, shares will be sold into the highest block of bids, and this will continue until morale improves.
(I mean, until the price offered on the bid side is lower than the price of the block then current on the ask side).
Introducing BitBet, the Bitcoin betting site. (There's also an FAQ.)
Chief points:
Site will be listed on MPEx, under the ticker S.BBET. You can read all the details there, but basically it's an equal partnership between MP & Matic Kočevar (aka kakobrekla). The IPO will start Friday, January 11th at 0:00 GMT, with a 10,000 share block (0.1%) asking 1000 satoshi per share. Each time a block is sold out a new one of equal size will be placed at a price 3% higher (rounded upwards). Once 300 such blocks have placed the IPO is complete.
Chief points:
Site will be listed on MPEx, under the ticker S.BBET. You can read all the details there, but basically it's an equal partnership between MP & Matic Kočevar (aka kakobrekla). The IPO will start Friday, January 11th at 0:00 GMT, with a 10,000 share block (0.1%) asking 1000 satoshi per share. Each time a block is sold out a new one of equal size will be placed at a price 3% higher (rounded upwards). Once 300 such blocks have placed the IPO is complete.
Can you be more specific as to how the IPO share allocation will work with respect to buy orders placed before Jan 11? Is it based on time of order placement priority, proportional distribution to all valid orders, lotto system?
i.e, does the first person who placed a buy order for 10,000 shares @ 1000 satoshi / share get 100% of the first block allocation? Or do all orders in before Jan 11 that are >= 1000 satoshi / share get a weighted proportion of the first block allocation? What about the second block?
Introducing BitBet, the Bitcoin betting site. (There's also an FAQ.)
Chief points:
Site will be listed on MPEx, under the ticker S.BBET. You can read all the details there, but basically it's an equal partnership between MP & Matic Kočevar (aka kakobrekla). The IPO will start Friday, January 11th at 0:00 GMT, with a 10,000 share block (0.1%) asking 1000 satoshi per share. Each time a block is sold out a new one of equal size will be placed at a price 3% higher (rounded upwards). Once 300 such blocks have placed the IPO is complete.
Leading affiliate system. To quote from the FAQ,
Add links to bets in your forum signatures, blog articles, wherever and get the BTC straight to your wallet.
You make BTC just by submitting acceptable bets. Each new bet has a 0.1 (or more) BTC betting pool which upon approval will be split between Yes and No sides. You are automatically allocated the smaller side (as an incentive to make balanced bets). This way, every time a bet you proposed is closed you earn some BTC. Please review the FAQ and only submit meaningful, interesting bets.
Any questions? Ask away!
Chief points:
Site will be listed on MPEx, under the ticker S.BBET. You can read all the details there, but basically it's an equal partnership between MP & Matic Kočevar (aka kakobrekla). The IPO will start Friday, January 11th at 0:00 GMT, with a 10,000 share block (0.1%) asking 1000 satoshi per share. Each time a block is sold out a new one of equal size will be placed at a price 3% higher (rounded upwards). Once 300 such blocks have placed the IPO is complete.
Leading affiliate system. To quote from the FAQ,
Quote
Could I become an affiliate?
Sure. Simply send traffic to any link on bitbet.us adding ?ref=1YourBtcAddress at the end of the link. You will be credited 1% of all deposits made by anyone you refer for 30 days (normal cookie identification).
Sure. Simply send traffic to any link on bitbet.us adding ?ref=1YourBtcAddress at the end of the link. You will be credited 1% of all deposits made by anyone you refer for 30 days (normal cookie identification).
Add links to bets in your forum signatures, blog articles, wherever and get the BTC straight to your wallet.
You make BTC just by submitting acceptable bets. Each new bet has a 0.1 (or more) BTC betting pool which upon approval will be split between Yes and No sides. You are automatically allocated the smaller side (as an incentive to make balanced bets). This way, every time a bet you proposed is closed you earn some BTC. Please review the FAQ and only submit meaningful, interesting bets.
Any questions? Ask away!
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