Bitcoin-based online gambling

[Matty]

It looks as though they send some orders to Gox and they execute some themselves. Not sure how it works exactly but I think you can route all your orders to Gox.

 

[Matty]

Well, if you're shorting and that's the case, you're not actually borrowing. You're putting him on margin.

Do you have to exercise the contract no matter what? Can't expire worthless?

I have no idea.

Weeeeeeee?

If it ends up being a losing trade, don't you have to reimburse the lender no matter what? I don't understand how that's putting the lender on margin.

 

[MonkeyF0cker]

Hmm. Too amateur for me.

The one that Gil linked actually looks professional, but it's in Russia with a Swedish domain extension.

Not sure it's very trustworthy.

 

[Matty]

None of this shit seems trustworthy. Even the exchanges, in their current state, seem pretty Mickey Mouse.

Still seems worth the risk to be an early-ish adopter.

I have big hopes about these Litecoins.

 

[MonkeyF0cker]

I'm thinking about opening something myself.

I don't know if it's worth the effort or not.

 

[Matty]

An exchange or something else? Lots of opportunities for Bitcoin-based services, for sure.

This sportsbook called btcsportsbet.com is somewhat clever, they deal 22 cent lines based off of Pinny.

 

[MonkeyF0cker]

Yeah. The books are pretty much garbage...

Looked at that too.

 

[Matty]

When I'm rich and famous I'll hire you as my developer. I got a graphic/web designer already.

We're gonna be hugh man.

 

[MonkeyF0cker]

LOL.

I'll hire someone from India and take a nap.

 

[Matty]

Deal.

 

[FreeFall]

can I use your buildings power to run my bit-coin crate rig I just made?

 

[Matty]

Sure. Electricity's way cheap here. According to this calculator I used, running my 7950 24/7 is gonna cost about 10 bucks a month. I should clear 170 bucks a month mining Litecoin and/or Terracoin.

Once the profitability vanishes I'll have a fully-functioning PC instead of this mess that needs to be started by shorting the PW pins with a knife. (I just bought a case and a better PSU):

 

[rito]

How many computers you got running in your one bedroom matty?

 

[Matty]

5 right now, excluding tablets and phones.

 

[Matty]

LTC up to $4 per. We bought ours at 2.1-2.25.

 

[FreeFall]

matty you do this?
http://www.overclock.net/t/384733/the-30-second-dummy-plug

 

[Matty]

Nice. Is that still needed with modern cards? Either way I only have one.

 

[roguejuror]

Terracoin.

now youre just fukking with us