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Topic: Satoshi Option - Instant Binary Options | On-Site Wallet | Open Source BTC Feed - page 4. (Read 16783 times)

member
Activity: 65
Merit: 10
Trade binary options with Bitcoin!
We are now offering 5 minute options on BTC/USD.

We have just released the first of our new durations. In addition to 60 second options, there are now 5 minute options on BTC/USD. More to come and on more instruments. Specifically, we hope to have the same for EUR/USD shortly, along with longer time periods, such as 30 mins, and 1 hour. We will likely release these for EUR/USD first. Feedback welcome.


 Smiley Wink Cheesy Grin Angry Sad Shocked Cool Huh Roll Eyes Tongue Embarrassed Lips sealed Undecided Kiss Cry

member
Activity: 65
Merit: 10
Trade binary options with Bitcoin!
That's odd, mine never came back! Broke my heart.

OK - can you give us a transaction hash, and we'll look into that for you.

Can you please provide source code so I can exactly reproduce how you are calculating your price?

If connectivity was good, I'd have no qualms about releasing the code. The problem is exchange connectivity is less than robust. If a client has our price feed with good connectivity, and our server has bad connectivity, that means a client is ahead of the game, and can make easy money.

Might also want to share why you are not counting my offers on Gox at all (price literally stood still), conveniently when I have an active bet that would benefit from that?

Things like this remind me of the huge risk we're taking on by providing binary options on a new and relatively low-liquidity market like Bitcoin. There's no way this kind of trick would work on the traditional forex markets!

The best I can do now is assure you that our pricing feed is completely independent of the betting engine - there's no crosstalk or manipulation going on - but when you're playing against the house, you have every right to question us. We're soon releasing a major update to the product which will turn this on its head.
vip
Activity: 1316
Merit: 1043
👻
Can you please provide source code so I can exactly reproduce how you are calculating your price?

It seems like you're fucking with the results or somehow the price went up by a few pips despite the price going down by 20 cents factoring all exchanges you listed (blockchain.info is not an exchange by the way). Might also want to share why you are not counting my offers on Gox at all (price literally stood still), conveniently when I have an active bet that would benefit from that?
newbie
Activity: 17
Merit: 0
That's odd, mine never came back! Broke my heart.
member
Activity: 65
Merit: 10
Trade binary options with Bitcoin!
So let's say someone sends more than your minimum bet, what happens to that BTC?

Do you mean more than the maximum bet? In that case, it's returned right back to the sender (minus the miner's fee).
newbie
Activity: 17
Merit: 0
So let's say someone sends more than your minimum bet, what happens to that BTC?
member
Activity: 65
Merit: 10
Trade binary options with Bitcoin!
I won and I am still waiting on payment. My address is:    1Jp1m8v............

Sorry for the delay bluepoodle. There was a problem with our server - your payout has now been sent.

Also, please have some longer time ranges, I'll give it a try if you add that Smiley

This is something we're working on right now - watch this space! Smiley
vip
Activity: 1316
Merit: 1043
👻
I won and I am still waiting on payment. My address is:    1Jp1m8v............
Did you send your coins from a shared wallet (eg Mt Gox)?

--

Also, please have some longer time ranges, I'll give it a try if you add that Smiley
newbie
Activity: 44
Merit: 0
I won and I am still waiting on payment. My address is:    1Jp1m8v............
member
Activity: 70
Merit: 10
Thanks for the info. Some info about this condition to bet (bet from your own wallet) should be usefull on your page.
member
Activity: 65
Merit: 10
Trade binary options with Bitcoin!
Not exactly Tongue The bitcoin price creates them, and when there is a big delta (perhaps when the market price has a wide spread between difference exchanges), this can happen. So no, we're not creating the spikes per se, we're just admitting we don't know why the market behaves like this. The vast majority of the time you see what you see now on the website: a normal price curve.  

New time horizons on the way, and we have a very exciting product en route written in Node JS for ultra fast execution time. Something Mt. Gox don't know anything about (execution time, that is, not Node JS -- although they probably don't know anything about that either).
legendary
Activity: 1367
Merit: 1000
So this is the game of catching spikes which you produce not knowing how  Grin Good luck with this Tongue
member
Activity: 65
Merit: 10
Trade binary options with Bitcoin!
Hi Jokerdragon, very sorry for the slow reply. We've been working on our product and get held up.

As usual, TradeFortress is absolutely correct. Satoshi Option works in exactly the same way as SatoshiDICE and other popular gambling websites for bitcoin. Specifically, payouts are immediately sent back to the address from which they came as soon as the bet settles. Unfortunately, your winnings have been sent and have left our account. As we all know, bitcoins famously are non-refundable once sent. Mt. Gox are currently enjoying your stake and winnings right now. You would need to contact Mt.Gox directly to see if they can sort you out. Of course, we will do everything we can to help.

We currently don't offer a refund for this type of situation, but perhaps this is something we will look into.

@starik69, sometimes this happens, we don't know why. I guess if you can catch it on a spike you're in luck. As per our update on 30 March, our BTC/USD price updates based on the prices deltas (changes) from the different exchanges that we monitor. We'll look into this further and come back with a more detailed answer as to why this happens.
member
Activity: 70
Merit: 10
Hello stshiOption .

I am very satisfied about your site, its clean and elegant, and it works pretty well.

But, (maybe a noob question Roll Eyes)

I made a "bet" (I call trade, whatever it is gambling or not), so I made a winner trade:

1JipWtZ2p77KepaYxJaThPWv3NmRXbgDjy   Up   0.1   1365489243   1365489303   190.19064   190.38775   WIN

How do I receive this?  Shocked
I see no withdraw button. No place to enter an address. This address is the address I sent the 0.1 btc from? It will sent back? I send it from a MtGox account, it will work? I could wait to see if deposit come along, but maybe some others users have the same question. Thanks and good luck on your business, it looks real good.  Cool


I think a explanation about this process will raise the courage of possible traders (or players, whatever).  Cool

I am still waiting an answer about this.  Undecided
legendary
Activity: 1367
Merit: 1000
What do you mean by "smoothing"?
member
Activity: 70
Merit: 10
 Undecided  Someone just like to throw rocks everywhere...  Shocked
vip
Activity: 1316
Merit: 1043
👻
LOL

Jokerdragon, you send coins from MTGOX wallets?

The winnings have already being sent, you will not get them because you sent it from a shared wallet.

lol.
member
Activity: 70
Merit: 10
Hello stshiOption .

I am very satisfied about your site, its clean and elegant, and it works pretty well.

But, (maybe a noob question Roll Eyes)

I made a "bet" (I call trade, whatever it is gambling or not), so I made a winner trade:

1JipWtZ2p77KepaYxJaThPWv3NmRXbgDjy   Up   0.1   1365489243   1365489303   190.19064   190.38775   WIN

How do I receive this?  Shocked
I see no withdraw button. No place to enter an address. This address is the address I sent the 0.1 btc from? It will sent back? I send it from a MtGox account, it will work? I could wait to see if deposit come along, but maybe some others users have the same question. Thanks and good luck on your business, it looks real good.  Cool


I think a explanation about this process will raise the courage of possible traders (or players, whatever).  Cool
member
Activity: 65
Merit: 10
Trade binary options with Bitcoin!
Improved BTC/USD data, x1.5 payout

We've now improved our BTC/USD data feed - our price is now updated with price deltas from each of our supported exchanges as they come in, rather than taking a weighted average. We found that the weighted average would jump between individual exchange prices as connectivity came and went - whereas this method gives a much smoother price.

In terms of exchanges, we've added Bitstamp and Blockchain.info as sources, alongside MtGox, Tradehill, Coinbase, and Bitfloor.

As a result of this change, we've increased the payout for BTC/USD to x1.5 - we'll review this again next week once we have analysed the data.

If anyone would like more info on the specifics, don't hesitate to ask!

Good luck and have fun.
member
Activity: 65
Merit: 10
Trade binary options with Bitcoin!
tried to use service

could not select send address to copy+paste

feature request: non-retarded website design?

I have enjoyed using the service so far, and have 2 wins and 0 losses Smiley I agree about the copypasta issue, but it is beatable- I have just been right clicking and viewing source, then copy pasting the address from the source code.

Third update this week
We have now fixed the copy and paste issue. Thanks for the feedback.
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