Hi people,
I have a cool idea: let us
guess when 1 BTC equals 1 oz of Gold !!
I open a BTC address and people can send their bets to it by using this format:
ticket price + date in Satoshis
Ticket price is
10 mBTC, so a guess for the
3th of januari 2014 would look like this:
0.01140103 BTC
Every ticket will be added to the jackpot !!
CURRENT PRIZES:
FIRST PLACE: 70 mBTC !!!
SECOND PLACE: 4.64450 mBTC
THIRD PLACE: 2.32225 mBTCRULES:
§1 Everyone can post guesses. You guess the date in GMT and
1 date can be claimed by only 1 bitcoin address. I will keep a list here.
If a second user/address claims the same date/ammount, this guess will be refunded (minus transaction costs).
§2 You can not guess the "parity date" as the current date or a day in the next 2 weeks (so 14 days total). For example: When the current GMT date is 2013-11-01 you can not guess/claim 2013-11-01, 2013-11-02, ..., 2013-11-13 and 2013-11-14.
These invalid guesses will also be refunded (minus transaction costs)
§3 We use the USD price on bitcoinaverage.com price (not the global average in USD)
More precisely: the 1min close on BTCaverage should have been at least equal or above the spot gold price at a certain moment in that minute.
We use these charts:
BTC-price:
https://api.bitcoinaverage.com/history/USD/per_minute_24h_sliding_window.csvGold-price:
http://goldprice.org/NewCharts/gold/images/gold_1d_b_o_l_USD.png?0.07548413891345263§4In case bitcoinaverage.com is not available, we use the bitstamp-price.
In case Bitstamp is not available, we use the BTC-e price.
In case goldprice.org is down, we use xe.com
§5 We use GMT:
http://wwp.greenwichmeantime.com/time/scripts/clock-8/runner.php?tz=gmt§6 The winner (the one who was closest to the actual date) wins all the tickets. If the winning date is at an equal "distance" of 2 guesses, the jackpot will be split amoung them.
The person on the second place wins 50% of the mBTC paid for the guesses.
The person on the thrid place wins 25% of the mBTC paid for the guesses.
If the jackpot for the first place was split, the person on the third place will receive 75% of the mBTC paid for the guesses.
If there is an ex aeqo for the second place, they will both receive 37.5% of the mBTC paid for the guesses.
I keep the remaining 25% of the mBTC paid for the guesses.
§7 Send funds from an address you control (you can sign with it) because the winner will receive his prize on the sending address.
Did you read the rules and accept them? Send your guesses to this address:
1Ge7zgS2H6QmxG7m78rgAKsVbfn92nse3G