Topic: BTCOracle : Bet on the future price of bitcoin ! - page 3. (Read 8483 times)

Ok,

We have not idenfitied the bug yet for sure, but we are sure that you did indeed won.

So 0.522 bitcoin (0.3 * 1.74) are coming to you right now, sorry for the inconvenience you experienced !

https://blockchain.info/fr/tx/dd74301c0fb6400406699ef48aeb6c7e12a7792324ea337377cb624406414e72

Regards,

Emilien

Yes, Correct.  I will be patient.  Thanks for investigating!

It looks like indeed there was a bug with your bet,

We are still looking into this issue, please be patient

If you won and you lost because of a bug, please rest assured that we will pay you manually as if you won. But please understand the investigation on our side can take up to a day

As we have not identified the origin of the bug yet please refrain from betting, regards

Edit :

To be sure I am analysing the correct bet, can you confirm your bet is this one :

1GdtkZzhZTzBssUq6bnE27cz4rv5SJ4sr5   0.3   07 Jun 18:40:59   $ 110.22   08 Jun 18:40:59   $ 108.16      lost   1.74   0

Hi DarkEmi,

I appreciate the response.  I look forward to solution!

Cheers,
A Dead Weasel

Hello Deadweasel,

Sorry I am looking at your issue right now. I don't check the forum daily, the surest way to contact us within a short time frame is the support mail, sorry for all the issue.

Just right now something that I can say about our system, from our FAQ :

"
If your bet starts at 09:00:00, we take the first trade thats occurs starting at 09:00:00. If your bet is expected to close at 12:00:00, we will take the price from the first trade that occurs since 12:00:00.
"

Your complaint is not the first one like this we have. At such, we will actively work to revert the system back to what it was; meaning we will take the LAST trade at the time of your bet and not the first trade at the time of your bet

I am sorry I can not check much more as right now blockchain.info is down, so our service probably is. I come back to you with a solution as soon as blockchain.info is up and running.

I am posting again with a decision from my team regarding your bet in the upcoming hours, as soon as blockchain.info is up again

Best regards,

Emilien

Ok, so I should I have won this bet, but I lost it.  Clearly the price was 107.99 when I placed... but oracle registered it as 110....  WTF?

http://imgur.com/OjbjXUx

My bet on the site.   I know the price was 107 when I place it.  It has been confirmed against the MTGOX data.  

Would a DarkEmi or a responsible party please explain what the deal is?

It uses the time from blockchain.com. Blockchain received the transaction on 2013-06-07 16:40:59 and they took the price of the first transaction on or after that second from Mt. Gox.

Nevermind:

This should be the correct price for starting:
https://data.mtgox.com/api/1/BTCUSD/trades?since=1370623259000000&limit=1

$107.9927

Ending price: https://data.mtgox.com/api/1/BTCUSD/trades?since=1370709659000000&limit=1
108.16

BUMP.    


Blockchain.info real-time betting does not happen on btc-oracle.  So why do they claim it does?

Answers required.

I would really like an answer to this, as the same thing happened to me a few times. The site owners seem to be missing in action or they just don't care...

I sent a TXN when price was at 107.62.  It was from blockchain.info.   Apparently it didn't register at the same time, or real time.

https://blockchain.info/tx/34209b9b6398d41aa4c9dccc0580f4f600d876d58fe2f402a453d0408624f2f5

So I'm out .3BTC because your site claims real time betting from blockchain.info and I believed it.

How does that constitute real time betting from blockchain.info?

Hello guys, quick update to let you know we added achievements !

Example with one of our top players :

http://btcoracle.com/search.php?s=1AJD99s615goCyfdpUBNTJ4m577jbpSZT1

If you give me your bets address, I will see what we can do.

But you have to understand that our expected margins are really thin (<5% and so far we did not win money) so we cant really send you much back

Yes, thats our "thief".

As you can see from his history page :

http://btcoracle.com/search.php?s=13s1X8sLYcJsQKXbya5u91mE5bKEnc8jTP+

He stole much from us (many of his winnings are double spend) so we "took" his 2 last bets (which he was trying to make as double spend as well).

About your inquiry, i am deeply sorry for your experience.

We had a previous system exactly like the one you are suggesting, we were taking the "last" trade before the bet timestamp, now we are taking the first from the time of the bets.

The first solution (the one you say we should do) is the one we had in place earlier for a few weeks. It was more confusing for users and we were unable to propose automated verification with a mtgox link.

We are also thinking of moving to a "moving average" method or something, but it would be more confusing as well for users.

But I am really taking your feedback into account, and maybe we will move back to the "previous" system : the one where the price you get is the one at the time of your bet, not from the very next trade.
I completly understand how it can feel unfair.

For us it was a trade off :

What you propose feels more correct, but it is harder to give automated verification links so user can verify

Based on your feedback, we will probably move back to your proposition, which was as I said our initial system, but it would take us a few day of development and tests before that's available again.

Regards

Okay, makes sense, but I saw you also denied at least 2 transactions that are actually confirmed:

https://blockchain.info/tx/9a174f5d3bae4982a52d8672ab90f9f0749cd60b18a41655732488f4f88b46f4
and
https://blockchain.info/tx/09b0ab554d78fc1e6547cebc2d839e9dc41e7427c507f64a7ff8e7b3cea619eb

Or am I missing something here?

EDIT: Also five times in a row I had the problem that the price was high for a long time so I send money to 15 min down. The next transaction is about 30 seconds later with someone dumping a lot of BTC -> That is the price the system takes. Suddenly I apparently bet on 15 min down with a starting price of 130USD (instead of 135.9) (this is an example) after which the price immediately goes up again.

So could you please take the price at the moment the money actually came in? And the same for determining the end-price: the price it was actually at the moment it passed and not the first price after it ends.

Because this is really starting to piss me off.

I am not sure which time you are talking about. The time the bets are registered are the timestamp provided by blockchain.info, as can be verified by clicking on any link.

So thats a neutral source that anyone can verify.

The time we display on your webpage are your local time so thats easier for you to understand when bets close but we are using universal unix timestamps internally.

Some people tried to robs us by using "double spend" transactions. We corrected it "live" by manually denying the bets but one people was still able to stole us a little bit, now this won't work anymore.

So now we wait for 3 confirmations on bets to give the winnings.

No, they are the servers time and the servers time is about 1.5 minutes off compared to the real time I think.

Also I noticed a few bets were denied by you? What happened there?

Are the times on the webpage my local time?

Thanks for your feedback, this is noted we will try to do that !

Thanks, tried the 15 minute address

Feature request: show the servertime on the page or put a countdown in seconds next to every bet.

EDIT: And the payout came in. Nice service. Very fast.