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BitBet: A SHA1 collision will be found before the end of 2017 https://bitbet.us/bet/1351/a-sha1-collision-will-be-found-before-the/ https://bitbet.us/bet/1351/

by j_s 10y ago

BitBet: A SHA1 collision will be found before the end of 2017 https://bitbet.us/bet/1351/a-sha1-collision-will-be-found-before-the/ https://bitbet.us/bet/1351/a-sha1-collision-will-be-found-be...

tyingq 10y ago
One of the "no" bets was for ~7.4 BTC (~$8500 USD). Interesting that somebody was willing to lay down that much.
- edaemon 10y ago
  There was also an 8 BTC (~$9250 USD) bet placed on "Yes" two days before the collision announcement.
  - nullc 10y ago
    even knowing about these things in advance, the risk that the site loses your funds is so great that it's not very attractive to bet on these things.
    - fru2013 10y ago
      The site publishes the bitcoin txids + addresses so it is trivial to verify whether they are paying out the winnings.
      - Y_Y 10y ago
        I think the issue is that like any other outfit that holds bitcoin they may just "lose" them and vanish.
      - nullc 10y ago
        Until they don't. Other betting sites have 'lost' everyone's coins.
jerf 10y ago
Before anyone has the bright idea of running off and betting on "Yes", check the FAQ about how BitBet keeps your BitCoins if you bet on a closed contract: https://bitbet.us/faq/ https://bitbet.us/faq/ (Not pointing this out to be critical. With a bit of thought, the policy makes enough sense to me, for various reasons. Pointing this out to prevent people from doing silly things, and because it's an interesting document on its own.)