As a miner and bitcoin user, I got sick of 2 things.
1. The exponentially increasing Mining Difficulty which completely fucks me for any mining equipment pre-orders.
2. BTC Casino Games like Satoshi Dice where there is no skill involved and gives you a -2% expected return.
So, I made
www.futureblock.comThis is a site that lets you bet on where you think the Bitcoin Hash Rate will go for that day. It’s kinda like horse race betting where everyone places their bets in a pool. The odds are then determined by the ratios of bets in that pool (
www.futureblock.com/how-it-works).
Using methods like regression, I believe you could consistently win at this game and have a high expected return, bringing some skill back to gambling.
But how does this solve exponentially Mining Difficulty you ask? Eventually, I want to create hedging contracts (like futures/options) against Mining Difficulty. The mathematics behind horse racing betting and hedging contracts are remarkably similar. The site could be both a fun gambling site for punters and a useful hedging platform for miners.
Let me know what you guys think!
