SatoshiDICE.com - The World's Most Popular Bitcoin Game - page 196.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: Milkshake on May 13, 2013, 07:35:05 AM

Hey Erik, do you mind sharing how much of your shareholder's money are you paying your girlfriend? Let me guess, it's going to be denominated in BTC so 10 hours of social media nets you $5000 from the shareholders?

Also, please share when you are going to dump another tranche Cheesy

My girlfriend doesn't work for me or SatoshiDice.

No more tranches will ever be released.

Milkshake

member

Activity: 98

Merit: 10

Milkshake

Hey Erik, do you mind sharing how much of your shareholder's money are you paying your girlfriend? Let me guess, it's going to be denominated in BTC so 10 hours of social media nets you $5000 from the shareholders?

Also, please share when you are going to dump another tranche Cheesy

elux

legendary

Activity: 1458

Merit: 1006

Quote from: Zaih on May 13, 2013, 07:14:06 AM

Quote from: Vink on May 12, 2013, 05:48:55 PM

Yep. Painful Sad

Martingale method from 1 BTC... Lots to gain.. Lots to lose..

Or rather, a constant 1 BTC to be won, up to 250 BTC to be lost. Wink

(When using the martingale strategy, starting from 1 BTC.)

Milkshake

member

Activity: 98

Merit: 10

Milkshake

Quote from: SatoshiDICE_PR on May 10, 2013, 03:07:20 PM

Hello!
I will be taking over the PR and customer support of SatoshiDice.
I will be following the discussion threads here and on reddit to answer any questions which might arise.
If you have any questions or concerns regarding the SatoshiDice operation, then please send me a pm on Bitcointalk/Reddit or email me at [email protected]
A live support feature will also be implemented (hopefully today), in which you can chat with me if you have any problems.

I will be acting as a gateway between the community, the users and the management/technical division.
Hopefully this will lead to more direct and quick feedback for everyone involved.

May the odds ever be in your favor!
The Spirit of Satoshi

Great, now can you stop pissing away shareholder's money? Grin

miningusa

member

Activity: 98

Merit: 10

this game is cray cray!! Tongue

Zaih

hero member

Activity: 504

Merit: 500

Quote from: Vink on May 12, 2013, 05:48:55 PM

Yep. Painful Sad

Wow, that's a massive hit to take. My condolences. Martingale method from 1 BTC... Lots to gain.. Lots to lose..

I hope your financials weren't damaged too hard.

saudibull

newbie

Activity: 28

Merit: 0

Im still trying to win the X64,000 .. c'mon big money... yea right -

elux

legendary

Activity: 1458

Merit: 1006

Quote from: Vink on May 12, 2013, 05:48:55 PM

Yep. Painful Sad

The odds are:

0.5^8 = 0.00390625 = 0.390625 percent

0.5^11 = 0.00048828125 = 0.048828125 percent

Given the volume of bets at SatoshiDice, both are common occurences.

Even though it will feel like a freak occurence to any one player.

(One in 256 and one in 2048 martingale runs, respectively...)

This is how the house wins. Wink

Vink

member

Activity: 116

Merit: 10

Yep. Painful Sad

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Vink on May 12, 2013, 03:15:55 AM

What are the chances of a loss streak of 11 in a row at 50%? I just took big hit Sad

Wasn't it just 8 in a row? 1, 2, 4, 8, 16, 32, 64, 130?

That's the only big recent losing streak I see. (Here: http://www.satoshidice.com/lookup.php?tx=1LMZesDkrYDED4Wn6tjEtsrQVsQqtyAECm)

Edit: oh, it's 11 if you count the 0.01 BTC bets too. My mistake.

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

Quote from: Dabs on May 12, 2013, 03:46:00 AM

Quote from: Vink on May 12, 2013, 03:15:55 AM

What are the chances of a loss streak of 11 in a row at 50%? I just took big hit Sad

That's actually quite normal. A real life casino had 30+ blacks in a row on a roulette table.

These statistics are easy.

Chance of 1 loss is 50%
Chance of 2 consecutive losses is 25%
...
Chance of 11 consecutive losses is just under 0.05%, or 1 in 2048.

Nothing to sneeze at, no foul play, etc etc

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Quote from: Vink on May 12, 2013, 03:15:55 AM

What are the chances of a loss streak of 11 in a row at 50%? I just took big hit Sad

That's actually quite normal. A real life casino had 30+ blacks in a row on a roulette table.

Vink

member

Activity: 116

Merit: 10

What are the chances of a loss streak of 11 in a row at 50%? I just took big hit Sad

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: SatoshiDICE_PR on May 10, 2013, 03:07:20 PM

Hello!
I will be taking over the PR and customer support of SatoshiDice.
I will be following the discussion threads here and on reddit to answer any questions which might arise.
If you have any questions or concerns regarding the SatoshiDice operation, then please send me a pm on Bitcointalk/Reddit or email me at [email protected]
A live support feature will also be implemented (hopefully today), in which you can chat with me if you have any problems.

I will be acting as a gateway between the community, the users and the management/technical division.
Hopefully this will lead to more direct and quick feedback for everyone involved.

May the odds ever be in your favor!
The Spirit of Satoshi

Posting here to verify the account. SatoshiDICE_PR is SatoshiDice's legitimate representative.

SatoshiDICE_PR

sr. member

Activity: 392

Merit: 250

SatoshiDice.com

Quote from: dooglus on May 10, 2013, 12:50:40 AM

Quote from: fireduck on May 26, 2012, 01:55:12 AM

In the mean time I will pay out nelisky separately to make that right and run a program to see if there were any more of these.

I think this was caused because the output in question was fresh from a mined block and had the output in the older OP_CHECKSIG style.

http://blockchain.info/tx-index/6313254/55eacb8699a780561ca42012a3ea47e2eab100d01f89a18749666a94bc88938e

However, I could easily be misunderstanding what is going on there.

This still seems to be an issue. See this 2.5 BTC bet from a couple of days ago which hasn't been recognised by satoshidice yet:
http://blockexplorer.com/tx/c5026931c5ff513f3ee60a981585e24f1d9a2df8809f7120ffe2bf6f6b238581

It spends an old-style OP_CHECKSIG block reward.

Hi!
The reason why your bet got stuck was due the a technical issue which prevents SatoshiDice from determining the return address for bets that comes directly from a block of newly mined coins. The bet is still recorded by the system but it required a manual step to fully process.
Your bet has now been manually fixed.
In the future if anyone has a similar problem please notify me and I will make sure it is dealt with!

Best Regards
The Spirit of Satoshi

SatoshiDICE_PR

sr. member

Activity: 392

Merit: 250

SatoshiDice.com

Hello!
I will be taking over the PR and customer support of SatoshiDice.
I will be following the discussion threads here and on reddit to answer any questions which might arise.
If you have any questions or concerns regarding the SatoshiDice operation, then please send me a pm on Bitcointalk/Reddit or email me at [email protected]
A live support feature will also be implemented (hopefully today), in which you can chat with me if you have any problems.

I will be acting as a gateway between the community, the users and the management/technical division.
Hopefully this will lead to more direct and quick feedback for everyone involved.

May the odds ever be in your favor!
The Spirit of Satoshi

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: fireduck on May 26, 2012, 01:55:12 AM

In the mean time I will pay out nelisky separately to make that right and run a program to see if there were any more of these.

I think this was caused because the output in question was fresh from a mined block and had the output in the older OP_CHECKSIG style.

http://blockchain.info/tx-index/6313254/55eacb8699a780561ca42012a3ea47e2eab100d01f89a18749666a94bc88938e

However, I could easily be misunderstanding what is going on there.

This still seems to be an issue. See this 2.5 BTC bet from a couple of days ago which hasn't been recognised by satoshidice yet:
http://blockexplorer.com/tx/c5026931c5ff513f3ee60a981585e24f1d9a2df8809f7120ffe2bf6f6b238581

It spends an old-style OP_CHECKSIG block reward.

Zaih

hero member

Activity: 504

Merit: 500

Quote from: dooglus on May 08, 2013, 06:33:05 PM

Quote from: ThickAsThieves on May 08, 2013, 02:06:19 PM

FYI - I like how these guys implemented semi-accountless rolling:

Erik has said that off-the-blockchain betting is coming soon to SDICE too. Probably in the thread about the SDICE shares. I agree, it is nice to be able to get almost instant feedback when you bet.

Really looking forward to this.

miscreanity

legendary

Activity: 1316

Merit: 1005

Quote from: evoorhees on May 08, 2013, 02:03:57 PM

It's back up now, thanks all.

Thank you! The updates and increased communication in general are greatly appreciated.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: ThickAsThieves on May 08, 2013, 02:06:19 PM

FYI - I like how these guys implemented semi-accountless rolling:

Erik has said that off-the-blockchain betting is coming soon to SDICE too. Probably in the thread about the SDICE shares. I agree, it is nice to be able to get almost instant feedback when you bet.

Topic: SatoshiDICE.com - The World's Most Popular Bitcoin Game - page 196. (Read 495688 times)