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Showing 20 of 45 results by BitCoinLoft
On Twitter they wrote opposite to FB info, that they are under attack.
yep, this is so frustrating. The Twitter message is 1 hour old. It means that they concluded that they are shut down because of the attack. Damn, these guys need to get better tech staff.
"Information" is on their FB page: https://www.facebook.com/Bitstamp.
If they don't even know if its outside or inside problem... heh hm.
If they don't even know if its outside or inside problem... heh hm.
Thanks for the info. Yes, checked out their FB page. Hopefully, they fix the problem. All these problems with exchanges do not do good for Bitcoin
site is down, seized by polish authorities.
Was it an illegal operation or what the heck...
I think you guys are missing my point. It doesn't matter whether the price is going back up or whether it goes back down. The point is that there's a new Central Bank in town, and it's called Mt. Gox. But, unlike a real central bank, it's unreliable, it's randomly irresponsible, its precise location is unknown, and it's run by some anonymous teenager. Mt. Gox is Bitcoin's biggest problem right now.
Completely understand you. That's why I moved to Bitstamp. Smaller, but better. I hate MTGOX
Excellent article on why Bitcoin's price crashed (and why it will likely continue to crash):
http://www.naturalnews.com/039865_bitcoin_crash_prediction_Mike_Adams.html
http://www.naturalnews.com/039865_bitcoin_crash_prediction_Mike_Adams.html
You know what? If you repeat something constantly, sometimes you can be right. Even the broken clock shows time correctly twice a day. Just give some time to Bitcoin and let's see what happens. The price is already going up. Yes, it's a bit bumpy but this is normal after such a big crash.
What is a reputable place to buy some bitcoins , what about bitcoin-24.com ?
Need a nice/fast way to deposit money in EUR
mtgox.com where I registered has 23 000 registrations to process before my account is activated !
Need a nice/fast way to deposit money in EUR
mtgox.com where I registered has 23 000 registrations to process before my account is activated !
I would not recommend MTGOX. Moreover, I believe lion's share for the Bitcoin crash shall be put on them. Initially I started on Bitstamp. That's where I deposited $100 to buy my very first Bitcoin. However, MTGOX was considerably larger with higher liquidity. So, I quickly moved there. And now, only today I lost over 1K because of MTGOX's poor software. So, I am completely out from them and switched to Bitstamp. I believe other exchanges will become more popular.
If Bitcoin trading quickly recovers from this fiasco and finds a new somewhat stable level for a while, it will have a positive impact on its media coverage. The fact that it bounced back (if it does.. and it looks like it wants to be around $100 usd now) and continued on at a fairly high price will add more legitimacy to an argument that its just a currency battling to emerge on an infant trading system.
Yes, you're absolutely correct. Currently, the biggest problem is the grade of trading platforms. None of the currently available trading floors are good. Bitcoin needs high grade trading platforms to become a viable currency. Yes, it's recovering pretty fast and let's hope this trend continues.
That's very pessimistic ... especially if you mention ***holes like btc-e.com as an alternative.
There is a vacuum to be filled, it will be filled, and it will be a lot better than MtGox. Fast forward 12 months and we will have completely different (and competing) players. Until then, enjoy the bumpy ride
There is a vacuum to be filled, it will be filled, and it will be a lot better than MtGox. Fast forward 12 months and we will have completely different (and competing) players. Until then, enjoy the bumpy ride
Bitcoin follows natural evolution. Didn't you expect shakes and turbulence? No need to panic. Bitcoin will finds its way. It may be bumpy, yes, but there's no other way. Going to Wall Street and stuff like that is not realisitc, nor desired for Bitcoin.
On the other hand, MTGOX can easily fix several problems in the short run. For example, limit trading API, introduce captchas, impose some limits on the trades so that people don't put hell lotta 0.001 trades and so on. I am sure there are working on these items.
But there is a good side of all this. Increase of awareness, PR, lot of noise. This was the price to be paid for making Bitcoin more popular.
3 moths ago i have bought BTC 100 for $2000.
Today i went to shopping with my wife. When i came back, the price for a bitcoin was up $20. That means, the value of my 100 btc increased $2000 in 5 hours, which is the price i have initially paid to buy my BTC.
This is just insane. It looks like the mother of all bubbles....
Today i went to shopping with my wife. When i came back, the price for a bitcoin was up $20. That means, the value of my 100 btc increased $2000 in 5 hours, which is the price i have initially paid to buy my BTC.
This is just insane. It looks like the mother of all bubbles....
What has happened to Cyprus, that's what I call insance.
Re: Bitcoin Trading Software for MtGox - With Neural Networks.
Bit Trader trading software is available for purchase right now.
Trade Mt.Gox and BTC-e simultaneously, automated trading and alarms.
Also our software updates every 15 seconds.
https://www.bit-trader.net
We also support Litecoin on BTC-e.
Trade Mt.Gox and BTC-e simultaneously, automated trading and alarms.
Also our software updates every 15 seconds.
https://www.bit-trader.net
We also support Litecoin on BTC-e.
Is it opensource?
You know what. I have gone over some old articles, published long before I would discover Bitcoin and what I noticed is that so called experts have prediected Bitcoin's death quite often. Here we are in 2013 and Bitcoin is kicking ass. What shall 1 BTC be valued at? I don't know. Even if the current trend is a bubble, the technology behind Bitcoin is very sound. I firmly believe Bitcoin will stay around for many years to come.
For all non-believers, I have an advice. Simply, sell it if you dare so. Me?? No, I keep on hoarding and spending once in a while
For all non-believers, I have an advice. Simply, sell it if you dare so. Me?? No, I keep on hoarding and spending once in a while
So now the gem game has evolved into a full on ponzi scheme LOL
Yes, it's a ponzi scheme. Only packaging is different
Well one of their employees got the hardware but HIS it uses more juice than what they said it would.
and they've shown decent amount of proof to not be a scam, not to mention they've sold earlier mining hardware.
and they've shown decent amount of proof to not be a scam, not to mention they've sold earlier mining hardware.
The hardware is still in the lab and the developer left the country. Not a scam but not shipping either.
If they don't ship it anytime soon then there will bo no difference from scam. They can bring gazillion of reasons, objective and subjective for explaining the delays. Damn, I almost did pre order two devices from BFL. Better stick to my FPGA.
...explains provably fair slot technique...
Hi libertaad,I don't think it makes any sense to explain this to BitcoPlay. They know it; they simply don't care about being fair. As they stated above they care about their profits. To maximize profits all traditional casino software uses psychological models to keep the player playing, even when losing, to get as much as possible out of each player. And the best thing about this psychological model manipulation is that it looks statistically fair. The whole concept this is the exact opposite of provably fair.
BitcoPlay walks seems to prefer that path while a provably fair casino like yours walks the honest and fair path. Unfortunately the honest players often cannot spot the difference, meaning those manipulations are still very very profitable for the casinos...
tl;dr: BitcoPlay will not join the light side of the Force
Yes you're right. Bitcoplay is a profit only oriented, using magical phsychological tricks. OMG, I've just made a huge discovery. Provably fairs have positive EV! They are charity. Bravo. Did you notice how funny you sound?
I think for now I looked at all casinos where you can play with bitcoin and played a little bit here and there and Bitcoplay is by far the best, at least visually. I played some of their games and in fact the games are really nice, though not all are of the same quality and some are just ok. On the provably fairs front SD is really cool game and it was fun at other places too, especially when you're winning.
Honestly, I don't much care neither about bitcplay nor any other casino and i'm not affiliated with any of them. I'm just a casual gamer and I'm just saying what i see. And your post is totally misleadning (though I'm sure that's pretty much what its goal was, wasn't it?).
Congrats on the launch! Your product looks amazing, and I wish you much success! I'm really glad to see bigger players entering the bitcoin gambling market.
I do want to address one issue you brought up:
I want to address this, because we do provide provably fair slots, and we specifically indicate that our game offers a 99% return-to-player. We spent a lot of time ensuring that our slots game is indeed provably fair, and even developed a novel technique for computing a slots outcome from any shuffled deck, so that our existing provably fair methodology could be applied to our slots game as well.
As long as the house provides the reel-configuration and the pay-table (which are both easy for players to verify without doing in-depth statistical analysis), it is possible for a player to calculate the return-to-player percentage of any slot machine. For an example, take a look at the wizardofodds.com game design for their slots game: http://wizardofodds.com/play/slots/australian-reels/5-line/math/. Given only the reel-configuration, and the pay-table, they calculate the exact payout.
As another example, our provably fair slots game has the following count of symbols per reel:
Combining the above with the pay table, you can calculate the following table:
If you add up all the Returns, you get the following total return-to-player: 0.9903564453125.
So, as long as the house provides the accurate pay-table and reel-configuration, it is possible to independently calculate the return-to-player for a given slots game. Thus, it would not be possible for the house to deceive the player about the actual return-to-player for their slots games - as long as they provide the reel-configuration and pay-table.
I really do encourage you to look into making your games provably fair. It's good for you (because your players will trust you more), good for your players (because they'll know they weren't cheated), and good for bitcoin (because bitcoin casinos are leading the charge in revolutionizing the online gambling industry).
If you're serious about the 5 BTC, please donate it to the Bitcoin Foundation
I do want to address one issue you brought up:
Ahh, so? Then how about this...
We are ready to give a prize of 5 BTC to you (or anyone else) who can prove scientifically that the following statement is wrong:
You can develop a provably fair video slot game that has a payout of 75% only, yet players will not be able to prove this fact unless they do statistical analysis of the actual payouts of the game or have access to the server-side source code.
Unless the above statement is proved wrong, then ANY casino claiming to be provably fair CAN potentially CHEAT in video slot games.
We are ready to give a prize of 5 BTC to you (or anyone else) who can prove scientifically that the following statement is wrong:
You can develop a provably fair video slot game that has a payout of 75% only, yet players will not be able to prove this fact unless they do statistical analysis of the actual payouts of the game or have access to the server-side source code.
Unless the above statement is proved wrong, then ANY casino claiming to be provably fair CAN potentially CHEAT in video slot games.
I want to address this, because we do provide provably fair slots, and we specifically indicate that our game offers a 99% return-to-player. We spent a lot of time ensuring that our slots game is indeed provably fair, and even developed a novel technique for computing a slots outcome from any shuffled deck, so that our existing provably fair methodology could be applied to our slots game as well.
As long as the house provides the reel-configuration and the pay-table (which are both easy for players to verify without doing in-depth statistical analysis), it is possible for a player to calculate the return-to-player percentage of any slot machine. For an example, take a look at the wizardofodds.com game design for their slots game: http://wizardofodds.com/play/slots/australian-reels/5-line/math/. Given only the reel-configuration, and the pay-table, they calculate the exact payout.
As another example, our provably fair slots game has the following count of symbols per reel:
Code:
Symbol Reel 1 Reel 2 Reel 3
b3 1 5 3
b2 5 1 6
b1 8 10 1
z3 5 3 6
z2 6 6 7
z1 7 7 9
32 32 32
b3 1 5 3
b2 5 1 6
b1 8 10 1
z3 5 3 6
z2 6 6 7
z1 7 7 9
32 32 32
Combining the above with the pay table, you can calculate the following table:
Code:
Win Payout Combinations Probability Return
b3-b2-b1 500 1 3.0517578125E-05 0.0152587890625
b3-b3-b3 45 15 0.00045776367188 0.02059936523438
b2-b2-b2 35 30 0.00091552734375 0.03204345703125
b1-b1-b1 25 80 0.00244140625 0.06103515625
z3-z3-z3 20 90 0.00274658203125 0.054931640625
z2-z2-z2 15 252 0.0076904296875 0.1153564453125
z1-z1-z1 10 441 0.01345825195312 0.13458251953125
b-b-b 6 2114 0.06451416015625 0.3870849609375
z-z-z 1 5553 0.16946411132812 0.16946411132812
b3-b2-b1 500 1 3.0517578125E-05 0.0152587890625
b3-b3-b3 45 15 0.00045776367188 0.02059936523438
b2-b2-b2 35 30 0.00091552734375 0.03204345703125
b1-b1-b1 25 80 0.00244140625 0.06103515625
z3-z3-z3 20 90 0.00274658203125 0.054931640625
z2-z2-z2 15 252 0.0076904296875 0.1153564453125
z1-z1-z1 10 441 0.01345825195312 0.13458251953125
b-b-b 6 2114 0.06451416015625 0.3870849609375
z-z-z 1 5553 0.16946411132812 0.16946411132812
If you add up all the Returns, you get the following total return-to-player: 0.9903564453125.
So, as long as the house provides the accurate pay-table and reel-configuration, it is possible to independently calculate the return-to-player for a given slots game. Thus, it would not be possible for the house to deceive the player about the actual return-to-player for their slots games - as long as they provide the reel-configuration and pay-table.
I really do encourage you to look into making your games provably fair. It's good for you (because your players will trust you more), good for your players (because they'll know they weren't cheated), and good for bitcoin (because bitcoin casinos are leading the charge in revolutionizing the online gambling industry).
If you're serious about the 5 BTC, please donate it to the Bitcoin Foundation
Eventhough I was dubbed noob, and I don't take it as an offense as I am really noob with Bitcoin, I do have experience with design of slot machines. However, the problem that you have lies in this:
"So, as long as the house provides the accurate pay-table and reel-configuration, it is possible to independently calculate the return-to-player for a given slots game. Thus, it would not be possible for the house to deceive the player about the actual return-to-player for their slots games - as long as they provide the reel-configuration and pay-table."
Yes, it's up to the house to provide accurate pay-table. Nothing prevents the house from providing an inaccurate one. And that's the big problem and I am sure that's the point that Bitcoplay is trying to say.
I am currently consulting a group of people who are about to enter the Bitcoin gambling market and I have been telling them the same. Provably fair is not a panacea. You know that you artificially streched it to the slots. For card games where a deck is involved it works just fine but not for video slots. It's not something to trust a-priory. So, I think BitcoPlay guys (though I think those are more Playborne guys because they're the creators of the game) are right. It's possible to make a slot game that is provably fair and can still deceive.
couldn't find in your site: is your casino provably fair?
As you may be aware, you can build a perfectly provably fair game, yet it can be statistically unfair.What a load of bullcrap. Statistically "fair" is completely meaningless, you can publish whatever you want on your site, doesn't make it fair. Trying to talk yourself out of provably fair games by saying these games can be "statistically unfair", thus insinuating we (provably fair games) may trick our customers somehow is idiotic and charlatan talk.
Ha ha, we will see a serious battle here. Well, as a person holding masters degree in mathematics and quantum physics, I can confirm that The statements made by Bitcoplay are valid. Provably fair just assures that the outcome has not been altered. It has nothing to do with actual payouts. Thus, you can make a slot paying out 70%, yet it will be provably fair. Therefore, in the context of slots this makes no big difference. However, when it comes to card games, it does. I have worked on provably fair systems long before Bitcoin or bitZino would come into existance and one of the first provabfly fair systems that I helped was a Russian gambling site.
At the moment I am helping my friend to launch a new Bitcoin casino and I have told him the same. Provably fair does not always imply really fair. If you have any arguments, I am more than eager to hear them. Please do not take as an offense but almost all casino games that I have seen thus far look like shit in comparison to Bitcoplay games. Their games look awesome. I even have won a there ha ha
Unfortunately, I have experienced some technical problems with a two slots but the support has been extremy useful and all was sorted out.Anyway, it's good to see more and more gambling services entering the market and hopefully we will see a dose of healthy competition and not just insulting posts.
I decided just to make a plain, simple gui dice game, no bs, just addresses and a few titles.
I present
Just Dice
justdiceing.webs.com
I present
Just Dice
justdiceing.webs.com
You will have hard time competing with SD
Good luck though!