Hi, I am unsure what you are saying here. If you would like some free credits to avoid paying fees during our public beta, join us on IRC.

Bump for 10/16 update. See above for details.

Come play today! Tons of NFL and NBA games to choose from on Sunday.

In the pipeline, coming up soon:

• Hockey
• Soccer
• Women's basketball
• Electrum wallet plugin to help simplify making offers and taking up bets

As always, please let us know how we can improve things here on Bitcointalk, we're open to suggestions. It's our job to make this secure and as easy as possible to use!

You can pay the fee with Bitcoin, it's a choice when making your bets. Three reasons for the credits.

(1) We can sell them cheaper in bulk (see the credits purchase page for amounts, though the details there may change) so the fee goes down if you opt to do it.

(2) It saves on network fees to not transmit us a fee before each offer or bet - since we collect up front instead of after betting (done in this order to avoid offer spam as I mentioned earlier)

(3) We wait for 2 confirmations if you pay the fee with Bitcoin directly. That takes ~20 minutes. The quicker an offer goes up to the site the more chance that a better will see it and take the offer up. for someone making lots of bets I'm sure it's a nice feature to get your bets up instantly (or nearly instant, backend processes it first).

Also a minor one (4) we can give away credits to people that we like so they can play free! You can get some in our IRC channel during the beta.

Edit: oh i kinda misread what maku said. The thing that's awkward is trying to collect a fee and then making multisig addresses to pay in to. So you currently can't just pay fee + pay-in in the same transaction on our site. This is one of the weaker parts of the system and I'm not entirely sure there's a great fix. If I open it up and let everyone post offers I fear very few would actually be serious.


Agreed! I'm even having trouble explaining it here and we're supposed to be the Bitcoin experts around here haha. The more I think about it the more I want to make an Electrum plugin to make this easy.

Because multisig. This is how multisig Bitcoin transactions work.

You give Gamblor a public key and make an offer. An interested better also gives Gamblor a public key while saying "I'll take you up on that offer"!

Gamblor now has 2 public keys, one for the offer one for the better. So it creates a third public key. (Technically it creates third and fourth public keys, I'll get to that in a minute).

Now we can create a multisig 2-of-3 payin address (one of those Bitcoin addresses starting with "3"). The better can pay in and the offerer can pay in.

While these funds are here in these multisig addresses, they are safe on the blockchain, and do not exist in any single wallet that could be compromised. In fact, in this state, Gamblor itself has no access to spend your funds. If someone broke into our back-end there would literally be nothing for them there to steal. The worst thing an attacker could do on our back-end is to affect the outcome of games which limits damage somewhat (working on audit software to check this externally and hit a big shuttoff button if triggered),

Gamblor actually creates 2 2-of-3 addresses for each bet. This is just so the pay-in addresses for the offer maker and for the better taking the offer are separate - so we can tell who paid in and who did not. If we just used one address for this pay-in purpose, it would be difficult or impossible to say which team the funds were paying for.

Which brings up an important point about our system: Only ever play from a wallet that can sign raw transactions from your keys! You will need that feature to collect your winnings.

We're thinking having our own version of Electrum where you can play directly from wallet will make this a lot simpler for people. Or possibly even just an Electrum plug-in is enough.

A little light reading to keep under your pillow:

Bitcoin.org's words on multisig: https://en.bitcoin.it/wiki/Multisignature

The example I used when making gamblor.bid: https://gist.github.com/atweiden/7272732

Isn't 0.0006 similar in size as a Bitcoin network fee? Much lower than that is nearly dust that you can't even send in a Bitcoin transaction. Anyways it's just supposed to be a minimal fee to help us keep things working, pay for server costs.

Imagine for a second that we did not charge any fee and anyone could just put offers onto our site. What would happen? We would get tons of offers from people who are not serious about following through on their offer. Kind of like spam, it would make real offers difficult to tell apart from fake ones. So by requiring this fee, both parties are interested in finishing the bet and are more likely to follow through.

The above is an interesting side effect of us not wanting to use any kind of "hot wallet". To us the idea of a hot wallet is insecure and always seem to be the single point of failure in many Bitcoin security failures of the past. Rather than repeat this we decided to try to do everything directly on the blockchain. In financial terms Gamblor acts as an escrow service between two betters. An escrow service that ensures the winnings go to the correct party.

However, during the Beta test, where we are making sure everything works properly, we'll give you some credits so you do not have to pay this small fee, you can get them in our IRC channel, see above for that. To use them, at the bottom of the "Bet" or "Offer" forms on our website, change the "Bitcoin" payment to "Credit" and you can spend the free credits on there.

We may in future support some altcoins (e.g. Dogecoin). On those coins, since they aren't worth as much, the transactions are cheaper and our fees will also be cheaper. You can help us choose which altcoin to support on here http://gamblor.bid/altcoin-poll

Currently it is very similar yes. There's a few points of difference though!

• We can add any kind of event. Suggest it here or on site. If you have a good source URL for a winner decision that would make it easy to add. Feeds are particularly easy to add so if you have an idea for a whole class of events you'd like to see tell us about the feed. (e.g. video games competitions might be cool).
  
• We plan on building desktop and mobile wallets you can play from directly. Which will use...
  
• A programmer's API. Bet and offer pages on our site hit /apiv1/[something] to poll for data. This is the beginnings of a REST API that everyone can use to get bet details. Soon you will also be able to POST new offers and bets to it (+1 to Drupal for that one! the REST services are very nice).
  
• Edit: oh and a bright sunny look to refresh your eyes from all those black sites! We shall endeavour to make the site less confusing and more approachable as per philiveyjr's suggestion.

True, it's the frontend framework I know best so went for it. No money or event handling is done in Drupal, it's based on Electrum's Python code base and lives on a separate server. Edit: oh heh the favicon is still Drupal's. That will change shortly, waiting on a graphic.

This is not correct. Mr. Bea, I am now the primary developer for the coin and not even exactly from me seeking that position out. I was nominated and am just glad to be able to help out.

We are currently testing a new wallet that weans us off of the DNS seed server that Bitsta had coded into there.

If you have any questions about our progress please contact myself or Stoner19 on IRC.

Mr. Bea, we are in the same position as yourself. We lost money and are trying to salvage the situation. Please sir, if you understand this position then join us - we are not your enemy.

Please do not delist ShibeCoin. We are in the middle of a rough transition between the old developers and the community members who took over maintenance and development of the coin. It has been a lot of long negotiations and we still don't quite have access to everything we need. Our community therefore humbly begs for more time to resolve the current situation.

What a very strange thing to be upset about. Doge is #3 in a chain of ripoffs. Is there a threshold where it goes from good to bad?

After having tested the client for the past couple days it's working fantastically well. Stakes start within a few hours. Transactions are lightning fast. We're climbing MintPal's voting system steadily. I'm buying whenever I get the chance for sure.

Oops! Sorry OdinYggd I was having a brain freeze while doing the writeup on your name, my bad. It was late. Should have asked in the channel.

Anyway, I agree that Shibe can accomplish great things. And I forgot to mention in my post how awesome Bitsta is. Bitsta and Bittrex are the heroes of our story.

Okay so this coin is a bit special for me so sorry for the length of this saga (: It is the first coin that I watched from the beginning and stuck around and talked with the community throughout. There has been more drama in Shibe's month of life than the entire run of the TV show "Lost".

I must admit to being a bit annoyed at first by Loq. What I realize now is that he was just doing what everyone who launches a coin does: be excited about it all around Freenode's IRC. The heart of the altcoin community is in there so of course that's what he did. My nitpicking complaint that he was badgering the Mintpal staff to get added as a hot new coin seems pretty trivial now. Every new coin with any kind of volume is going to have overexcited followers who beg to be on the world's biggest exchange, that just makes sense. Loq did not keep this badgering behavior up or anything just telling the story of my introduction here. Despite this initial reaction, people in the mining community kept talking about it. I decided what the heck, let's check it out.

From these early days someone has really hated this coin. I mean, seriously *hated* it. I don't understand why at all. The theory among the conspiracy minded in the #shibecoin channel is that it's someone from the Dogecoin community. Which I personally think would be really odd since Dogecoin is #3 in a chain of ripoffs already. But you know, people gonna be peeps and well, get mad bro. There was also a fork which could have upset some people who lost money, but that's just par for the course in crypto. Later I learned that Loq and Energion were both in some kind of position of authority (at least in IRC) in the Whitecoin community during it's time of meltdown and I think someone from there seems likely. This someone (or multiple pissed off someones) may or may not have been buying and dumping Shibe at a loss, or their FUD was so successful that it caused a similar effect on the community. I didn't dump, not sure what others did.

Around this time another coin appeared and started spamming Shibe's IRC channel. Doje. Same exact idea as Shibe except dumbed down to the 100th degree, coincap at ridiculous levels, and a 20% premine that's plainly visible in their Main.cpp at github. My immediate reaction was ironically the exact same as the Dogecoin hater. I could not stand that someone had forked/copied the idea of Shibe. Then I realized that maybe this would draw or dilute the hate coming from FUD-ster #1 and well, that I'm dumb =).

Then something totally crazy happened. People liked Doje! Not just liked it but were buying and everyone was partying like it's 1999 in the IRC channel. On the first or second night of it's existence something like 3 million of them rained on me. An excited Doje community sprang to life instantly.

An odd thing about Doje: it actually works really pretty well. The network was running smoothly at a time when Shibe's network was clogged up more than myself after I eat a bunch of cheese. This may be because Doje's PoS implementation happens to work particularly well, or possibly because more people were running Doje wallets than people running Shibe. I'm not sure why it worked better than Shibe but it did. More folks jumped ship because of this.

After a period of stagnation, whales start dumping. It was Shibe's council team, probably every single one of them. Pretty sure on this. He-said-she-said on who started it. I don't care. But the result was another big hit on the price.

Us clueless plebs in the IRC channel at this point are in complete limbo, wondering what the heck is going on, why Shibe is steadily losing value. The development of Shibe which at first had some real energy (lol Energion had his batteries charged) and speed had suddenly come to a grinding halt. A program called "Shibidends" was a carrot that we followed. News for the sake of news. A glorified rich list and most of us suspected that's what it was but were happy to see Shibe in the news. Desperate for good news at this point.

Finally after several days of following the carrot Energion appears in #shibecoin and reassures us that all is well, Shibidends is on track and the future is bright.

Then one evening soon after OdynGrd (sp? he's not in chan now) drops a serious bombshell in the IRC channel: Doje was created by Loq and Energion to try to distract the FUD away from Shibe.

ARE. YOU. FUCKING. KIDDING. ME.

One of the accusations of the original FUD-ster was that Loq was some shady developer that's been behind some past coin failures. And now here's one of the council members saying that Loq has done exactly what the FUD-ster said. So I'm immediately pissed at Loq.

What happened next was a kind of coup. Loq and Odyn took over Shibecoin, wrenched it away from Energion (and I later learned, Frystikken). I actually and honestly believe that they did this because they were tired of constantly lying to the community they were supposed to be leaders of.

The reason I believe this is clear. (1) Loq admitted everything I've said here on video. He has apologized and now seems to be focused like a laser on what's important: making Shibe awesome. (2) Delivering the awesome. What you see here is not just some pretty new wallet UI. To say it is is a huge disservice to the folks at Bittrex who are helping change the code base to a PoS system that isn't constipated. Feel free to drop into Bittrex's IRC channel and ask what their process has been like. It's really impressive, they're managing to swap out the blockchain of a coin with minimal or no loss.

Side note: during the last round of drama here Doje has changed names to BankNote.

BankNote folks: getting away from the silly / joke beginnings of Doje is good. But please, step out into the light, make some plans to make BankNote awesome. It could be. Your system works well. Just show yourselves, admit the stupidity and luck of the beginnings of BN and try to make it awesome.

Both teams: guys, the time for squabbling is over. You both have what could be awesomely bright coins to work on. Please do that. Shibe seems on the right path but Loq can't resist the occasional dig in the channel or in the obsolete #dojecoin channel. Loq, cut that shit out. Energion and Frystikken, come on guys play time is over. Bittrex: you guys seriously kick butt.

> if someone is having an issue then they get banned

Is it possible for you to stop lying? I personally helped several people with this same issue to get their wallets synced. And I've seen others doing it over and over.

The world is shitty. Perhaps the world shits on you. But your anger is misdirected. Forks happen. Especially when the coin is attacked by losers like yourself with nothing better to do than make an account on BCT with the only goal of attacking a coin.

Hum well as much as I trust the opinion of a fellow named "ShibecoinSucks" on the subject of Shibecoin, I'm afraid this just does not jive with what I've seen by participating in their IRC chat room over the past week.

What I've seen is loq and energion basically ROCK in the face of the problems that came up and provide fixes faster than any software project I've seen in any field, pretty much ever.

So rock on Shibes. The coin has an undeserved bad rep. Please folks come to the IRC channel and see for yourselves.

I really don't understand the folks in here saying they lose confidence on delays.

Wouldn't you rather have this done right than rushed? Doesn't that breed more confidence than an on-time but botched launch that results in a faulty blockchain or block rewards?

Anyway, carry on devs, I look forward to mining it when you're ready.

Very interesting. Hope to see this one show up on bittrex or mintpal soon!

I too was hit hard by this. Lost about half my investment and had to throw money at another rig to make up the slack. This rig should be de-listed immediately, huge fail rates and if what you're saying is true then it is no wonder the rig never even got close to the promised 1.33MH advertised.

All I can say is, hopefully someone considering renting this rig reads these comments. Caveat emptor.

Eeek my bad, total newbie here clearly. Posted on the correct thread here https://bitcointalk.org/index.php?topic=435538.0 . Unfortunately I was also looking at your thread while posting that, I'll be much more careful next time. Hopefully I'll get the opportunity to test out your rig too, if hostkey doesn't eat all my coins!