Re: BetcoinPoker.com Betcoin.ag-Big Tourneys-BONUS-Freerolls, Ring Games, Real Poker
You said:
Well actually based on the rise in bitcoin over the past 2 weeks, that really depends on what day the player bought into the tournament! Our conversion now works in real time for tournament buyins and cashes. Thanks DarkDays!
You then explained:
We currently blend bitstamp and btc-e and take the average. Thank you.
You then corrected yourself with:
I actually stand corrected and should have confirmed with programming before typing as it is bitstamp.net and preev.com, but thank you for helping me clarify this.
So, your statement(s) is that Betcoin uses an at-the-moment average of bitstamp and preev prices.
Let's see how accurate that is:
So if you used a "blending" of bitstamp and preev, that would be 1BTC = $617.13 at the time of this screenshot. If 1BTC = $617.13, then 1USD = 1.62mBTC (you use the wrong wording in your popup). NOT 1USD = 1.8mBTC. 1USD = 1.8mBTC would be accurate if the price of 1BTC was $555.55. Using the exact non-rounded conversion (39.73mBTC for a $22 buyin), you'd only be correct if the price of bitcoin was 1BTC = $553.74. The price of bitcoin hasn't been that low in over 16 hours.
Why are you lying?
Well actually based on the rise in bitcoin over the past 2 weeks, that really depends on what day the player bought into the tournament! Our conversion now works in real time for tournament buyins and cashes. Thanks DarkDays!
You then explained:
for your "on the fly" conversions, but BTC exchange do you reference to do it?
We currently blend bitstamp and btc-e and take the average. Thank you.
You then corrected yourself with:
I actually stand corrected and should have confirmed with programming before typing as it is bitstamp.net and preev.com, but thank you for helping me clarify this.
So, your statement(s) is that Betcoin uses an at-the-moment average of bitstamp and preev prices.
Let's see how accurate that is:
So if you used a "blending" of bitstamp and preev, that would be 1BTC = $617.13 at the time of this screenshot. If 1BTC = $617.13, then 1USD = 1.62mBTC (you use the wrong wording in your popup). NOT 1USD = 1.8mBTC. 1USD = 1.8mBTC would be accurate if the price of 1BTC was $555.55. Using the exact non-rounded conversion (39.73mBTC for a $22 buyin), you'd only be correct if the price of bitcoin was 1BTC = $553.74. The price of bitcoin hasn't been that low in over 16 hours.
Why are you lying?
Because they fleeced each and every player over the last week or 2 that played any WPN tourney and they don't want to admit it. They absolutely have never changed the price in real time. They have never even changed the price once during the day to reflect a growing BTC price. There were days where the average bitcoin price was over $100 more than they were paying. They took all the bitcoin they got from players and sold them instantly at some exchange where they made a killing. If they didn't then they are dumber than I thought.