0xbitcoiner/all \ stacker news

I read somewhere that they were going to make a donation! If they didn’t feel sorry, they wouldn’t have done the boost. I never said Predyx did it on purpose.

92 sats \ 1 reply \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

In this case, it’s because they made a lot of money off RBF’s massive bet.

44 sats \ 1 reply \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

I might’ve used a bit too strong wording, that wasn’t what I meant. Go easy on me, English isn’t my first language.

45 sats \ 9 replies \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

Do you work with the Predix team?

40 sats \ 4 replies \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

That’s not specific to Predix, it’s how the whole betting industry works.

100 sats \ 0 replies \ @0xbitcoiner 11h \ parent \ on: Bitfinex requires basic KYC to open channels with their LN node lightning

right again! Ahahaha

171 sats \ 0 replies \ @0xbitcoiner 11h \ on: Bitfinex requires basic KYC to open channels with their LN node lightning

It was only a matter of time before they did that.

96 sats \ 3 replies \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

This actually seems like the right thing to do. I know it’s a game and that the game is designed to take advantage of careless players, but the platform needs to have some player protection mechanisms.

122 sats \ 3 replies \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

You shouldn’t do that. He’s gotta pay for his own stupidity.

61 sats \ 0 replies \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

133 sats \ 18 replies \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

Poor Predix, they felt sorry! Haha, what a contradiction. Shouldn’t they donate it to the ~HealthAndFitness territory insted? Ahahah

69 sats \ 10 replies \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

So just to wrap it up: he bet 69k knowing that, at minimum, he’d make those 2,100 sats, with a chance to make more only if someone else bet against him? If that’s the case, the platform should at least warn users, shouldn’t it?

200 sats \ 31 replies \ @0xbitcoiner 11h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

Poor @realBitcoinDog, jumping into something he doesn’t fully get, while Predix makes a killing off people’s ignorance. That’s how the game works.

100 sats \ 51 replies \ @0xbitcoiner 12h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

I might be missing something, but who ends up with the extra liquidity he injected into the market that didn’t get used? Does it go to Predyx?

When he placed the bet there was 2,100 sats of liquidity, and he injected 69k. So best case scenario, he could only win those 2,100. Maybe more if someone else bet against him afterward.

Basically, he just added liquidity to the market, right? I didn’t see how the market looked at resolution, but I’m guessing there was still unused liquidity left. Does that excess go straight to Predyx?

69 sats \ 55 replies \ @0xbitcoiner 12h \ parent \ on: [Abs 25]: 12/19 199.5😎 Losing weight like I lost 69k sats HealthAndFitness

He lost 69k on the Predyx bet? How does the platform even allow a bet that big with such low liquidity? Shouldn’t it cap the bet at the available liquidity?