still available!

yep agree. Didn't think it through Sounds like a decent idea.

Then someone with a huge bankroll could manipulate the maxbet in such a way that the risk of ruin for the site is huge i guess?

Btw, I hope the all these negative reactions from investors aren't too disheartening for dooglus causing him to call it quits . The site is still awesome and a 0.25% max profit will definitely help keep the swings lower. Still, the timing and communication about this change could've been a lot better.

For my personal 'variance tolerance' as an investor I think a 0.5% maxbet would have been the best to start with. Still, changing the rules mid-game without much notice was in my opinion not the best decision. It is obvious that such a change would seriously offend our number one customer. Even though he was up a lot, I believed that he had no intention of stopping and that he would eventually give a decent portion of his winnings back to the site. I would say that the investors who never divested (myself included) now have a seriously lower chance of ever getting a return on their investment.

4 PMs sent!

Thanks for the sources nice way to get started.

Sent you both a PM. I would prefer to keep the negotiations private.

Good domain for a bitcoin related site. PM me offers.

What happens if some of the 10k chips don't work? Or if the final PCB received doens't work? Since each chip is allocated to a person this might be a problem right?

Ty! doesn't seem to work on my ipad unfortunately

Yeah once there is enough liquidity in the market i don't think bitcoin dumping would be that big of a deal. Still i wonder though if this situation which is clearly very good for early adopters isn't bad for the adoption rate as a whole.

Will the transaction fees alone be enough to spread the wealth?

Clearly a lot of people sold coins but they still are in the hands of other early adopters i guess Are ther any stats on how many coins have gotten lost?

What i would find interresting is to know, now that we have established the usefulness of such a decentralized currency, if there isnt a better way of distributing the initial coins.

I've been looking at bitcoin for a few days now and i think it really has potential because of the really solid decentralized protocol it uses. Clearly my understanding is limited at this point, but what has been bothering me is the following... I know that bitcoins are not a pyramid or ponzi scheme in the traditional sense of those words, but what I find really strange is that more than half of all possible bitcoins have been mined already. Of course nowadays a lot of people have heard about bitcoins, but looking at on how many websites you can actually use bitcoin to pay for something I think you can clearly say that it is still in the early adoption phase.
Now suppose bitcoin ever were to become mainstream, this small fraction of early adopters would still hold half of the total bitcoin wealth. Of course early adopters should get rewarded for their foresight/effort and luck, but this to me sounds rather excessive and unwanted.

Was the algorithm specifically designed to act in such a way or where unforseen events that caused this, like slower rate of adoption or too fast growth of mining power?