Comments on: BitBet, May 2014 Statement http://trilema.com/2014/bitbet-may-2014-statement/ Moving targets for a fast crowd. Sat, 04 Apr 2026 10:59:15 +0000 http://polimedia.us hourly 1 By: kakobrekla http://trilema.com/2014/bitbet-may-2014-statement/#comment-100876 kakobrekla Sat, 07 Jun 2014 22:55:11 +0000 http://trilema.com/?p=54792#comment-100876 <code>-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 BitBet, May 2014 Operational results Received 88 new propositions, of which accepted 40, rejected 47i. Total bets in worth 449.22993482 BTC in 363 bets.ii Revenue : 1.97850025 BTC, of which : bets resolved : 0.84297930iii fees from refunds : 0.0 BTC advertising : 0.1 BTC house bets won : 0.93552094iv gracious donations to shareholders : 0.10000001 BTCv Expenditure : 4.61210691 BTC, of which : referrals paid : 0.02210691 BTC house bets made : 4.59000000 BTC Loss : 2.63360666 BTC. -----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.22 (MingW32) iQEcBAEBAgAGBQJTk5hJAAoJECevdTIfJInoJxQH/2XIgzxj5J+gol6ri0QKfcsL sFWycYyKjBWtZfvFWdQUEQbjqXFPctzUFOBvGTwlyMJpaBf2mJ/08TSANW4wzDnV eY1pOp1ffQRlER47SGqRmI1SSffNi172aqp7nb0LnPgdrECIMEAxhY+SbBTIJw1T jUmwpjb5BcaOvNdCP6z/8JKfjysbc0M7XlcNqerFSWiXMGt6rdmqd5K60+NFv0dS JJwpW2pLGT1KAk/DGziZNalYdoaH5pCBeRKjtNr8L7IYz1+gx6WeQswZ/Hdy1b1m /vXkHYSvSHDvnVIjjY4DEwKtrl6mQApiyNcvCYG2mIfzssMw0gGpmCnLB4jE//s= =xk9p -----END PGP SIGNATURE-----</code> Hash: SHA1

BitBet, May 2014 Operational results

Received 88 new propositions, of which accepted 40, rejected 47i.
Total bets in worth 449.22993482 BTC in 363 bets.ii

Revenue : 1.97850025 BTC, of which :

bets resolved : 0.84297930iii
fees from refunds : 0.0 BTC
advertising : 0.1 BTC
house bets won : 0.93552094iv
gracious donations to shareholders : 0.10000001 BTCv
Expenditure : 4.61210691 BTC, of which :

referrals paid : 0.02210691 BTC
house bets made : 4.59000000 BTC
Loss : 2.63360666 BTC.
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-----END PGP SIGNATURE-----]]> By: Mircea Popescu http://trilema.com/2014/bitbet-may-2014-statement/#comment-100671 Mircea Popescu Mon, 02 Jun 2014 23:08:06 +0000 http://trilema.com/?p=54792#comment-100671 The cause is some ambiguity due to the fact that once a bet is accepted, it gets a timestamp, but the bets get timestamped with the block ulterior to the block they're included in, which is ulterior to them being in the mempool which is ulterior to them being broadcast which is ulterior to them being selected which is ulterior to the bet having been accepted in the first place. Most times this does nothing, but this month had a spill over effect. Last month was a> Accepted: 32 / House bets sent: 2.60000000. The cause is some ambiguity due to the fact that once a bet is accepted, it gets a timestamp, but the bets get timestamped with the block ulterior to the block they're included in, which is ulterior to them being in the mempool which is ulterior to them being broadcast which is ulterior to them being selected which is ulterior to the bet having been accepted in the first place.

Most times this does nothing, but this month had a spill over effect. Last month was a> Accepted: 32 / House bets sent: 2.60000000.

]]> By: fiftystorms http://trilema.com/2014/bitbet-may-2014-statement/#comment-100668 fiftystorms Mon, 02 Jun 2014 22:38:47 +0000 http://trilema.com/?p=54792#comment-100668 Why is house bets made not 40 * 0.1 BTC? Where did the extra go? Why is house bets made not 40 * 0.1 BTC? Where did the extra go?

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