Future Block
Finance and crypto
bitcoin betting
SHOW HN2013
128points
83comments
#165of 1,739 in 2013
Top 10%of 2013 by points
How HN took it
CuriousMostly questions and neutral comments
5 positive, 32 neutral or asking, 0 mixed, 16 critical, out of 53 comments about the project. Thread score -0.23.
Idea: 5 for, 10 againstPricing: 0 for, 2 againstPrivacy: 0 for, 1 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Cool, well-done idea
From 2 comments
Kudo's my friend, this is really cool idea, and it's also really well done. I think this would still be fun even if it were just for internet brownie points, but actually being…
taternuts on HNCool idea, suddenly want to buy bitcoins just to participate :) 1,648,531 GH/s is the current target. I can bet below or above that. It maybe sound odd, because I am not really…
tomw1808 on HN
Objections
Likely illegal gambling under US law
From 2 comments
The business is more than likely violating gambling regulations by soliciting US customers. IANAL, but Satoshi Dice did block US players due to legal concerns…
Romoku on HNThe issue with this is that it appears the site is being hosted in Wilmington, DE. Since this is not a game of skill, it is almost certainly illegal to operate within that state…
downandout on HN
Insider manipulation by miners is possible
From 2 comments
Interesting , it may be illegal but it can also be cheated by a sort of insider trading. Say i own a number of ASIC miners , I turn them off , and then bet for a number higher…
fmax30 on HNNot necessarily. If the market is large enough and you control a significant portion of the hashing power (e.g. pool operators), you could bet below and then halt all hashing for…
benmanns on HN
Fees seem high
From 1 comment
"After 9.10% House Fees Deducted" Isn't that a little high?
phogster on HN
Betting time period unclear on front page
From 1 comment
One suggestion: The site needs to be much clearer about the betting time period and the time period that is being bet on. I can't see anywhere on the front page that explains…
joosters on HN
Requests
Explain the betting time period more clearly on the front page
From 1 comment
One suggestion: The site needs to be much clearer about the betting time period and the time period that is being bet on. I can't see anywhere on the front page that explains…
joosters on HN
Questions
Is it legal in the US?
From 1 comment
Is this legal in America? Edit: Why the downvotes? I'm curious if they got an opinion from a lawyer on the legality of their site.
6thSigma on HN
What is the payout and how does parimutuel work?
From 1 comment
How does the parimutuel betting work? If I bet now, am I guaranteed the "Betting X Pays Out" amount if I am right, or does that change with more bets on either side?
benmanns on HN