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NewbieActivity: 48Merit: 0 BitBet.us is live and accepting bets again May 08, 2016, 09:40:45 PM

Last edit: May 09, 2016, 07:43:12 AM by bitbet-info #1



It is our great pleasure to announce that



The site is operated by a new team, but everything remains otherwise unchanged:

- fees remain as before (for now), at 1% of amounts wagered

- creating new bets works as before

- betting on existing bets works as before

- policies are as before :



You can get notified of all the new stuff happening on BitBet:

- Via our twitter feeds

- Via our RSS feeds



We look forward to seeing you there soon, to bet and to submit exciting bet proposals.



The BitBet management team.



Dear BitcoinTalk members,It is our great pleasure to announce that https://bitbet.us , one of the oldest (since early 2013) and most reliable Bitcoin betting / prediction market site is back online after a short one month hiatus.The site is operated by a new team, but everything remains otherwise unchanged:- fees remain as before (for now), at 1% of amounts wagered- creating new bets works as before- betting on existing bets works as before- policies are as before : https://bitbet.us/faq/ You can get notified of all the new stuff happening on BitBet:- Via our twitter feeds https://twitter.com/BitBets and https://twitter.com/BitBetsBets - Via our RSS feeds https://bitbet.us/rss/new/ and https://bitbet.us/rss/resolved/ We look forward to seeing you there soon, to bet and to submit exciting bet proposals.The BitBet management team.

bitbet-info



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NewbieActivity: 48Merit: 0 We are currently experiencing a DDOS attack May 29, 2016, 06:01:42 PM #5

Dear BitBet users,



We are currently experiencing a DDOS attack very similar to the one our colleagues at

Betcoin.ag were subjected to a couple of days ago :



https://bitcointalk.org/index.php?topic=386266.4420



Below is a cut and paste of the extortion request we received. We have no intention

to comply to their demands and we are working with our hosting provider on a technical

solution.



The Website will unfortunately be down for a while, but rest assured that all funds are

secured (the wallet is not on the site), and so is the site database which is mirrored

continuously to another machine.



As our email server is co-hosted with the web site, please communicate with us on this

thread.



Quote

WE HAVE YOUR SITE DOWN LETS TALK



Hello Support,



We are a team of highly skilled independent security consultants. One of your competitors hired us to take your site offline for an entire month (which we have the resources to do but don't like the contact and might be able to work together instead) and I must say that we have seen ALOT of miss-configured sites with security issues but it took our DB expert less then 30 minutes to dump your sql database without setting off your IDS system.



We want to disclose some of the flaws we found with you and have already put a significant amount of time in researching, exploiting and then documenting the vulnerabilities we found. Unfortunately, most site owners don't give a shit and would rather wait for more malicious hackers to come along. We are going to stop that from happening.



We are taking your site offline until we here from you. Our initial consultation will cost 1 BTC. That price will go up half a btc for every 12 hours we have to keep your site offline. I want to personally assure you that we have the power to keep your site down for an indefinite amount of time. We are the ones who took down xbox live all week (testing ONE of our new servers). In addition to lletting your site up and giving you a report of what we found and how to fix it we will also let you know the ONLY way to stop a DDos attack the size we are capable of launching. We will also add you to a blacklist so no one else fucks with you.



The BTC can be sent to the following address :

14U5q4AJhKiefui7f2d3ZmSq4FWkLfnDjK



I know that you are going to try to mitigate but in the end that is only going to cost you a lot more money. You make enough from betting and advertising alone that just an hour of downtime wont justify the cost. Our team also understands that you will try to mitigate but nothing will stop the attack except my command. Your hosting provider will not be able to help, the authorities wont be able to help you, your firewall is easily bypassed and any ddos service you try to bring in we can bring down (we have done this for a long time). believe it or not we are not the masked assholes stealing credit card numbers. Most of us have families and can't find legitimate jobs in our fields right now and have families to feed.



You have active bets and every minute you spend trying to mitigate your losing more then our consultation fee. We took down xbox live for a week with one server, believe me no one can stop our attacks. Lets work together!



Regards,



GETDD0sed



Dear BitBet users,We are currently experiencing a DDOS attack very similar to the one our colleagues atBetcoin.ag were subjected to a couple of days ago :Below is a cut and paste of the extortion request we received. We have no intentionto comply to their demands and we are working with our hosting provider on a technicalsolution.The Website will unfortunately be down for a while, but rest assured that all funds aresecured (the wallet is not on the site), and so is the site database which is mirroredcontinuously to another machine.As our email server is co-hosted with the web site, please communicate with us on thisthread.

bitbet-info



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NewbieActivity: 48Merit: 0 BitBet policy around late bets June 14, 2016, 08:43:06 PM #7



As you know, BitBet is under new management, and we are currently discussing whether

to keep or change the very controversial policy around bets received (where received means

included in a block) after betting closes or after the resolution event has already occurred.



The current policy, which we are given to understand created a lot of frustration in the past

was designed to discourage users to try and take advantage of the other users by betting large

sums on "obvious" bets late in the game or even after the event occurred.



Our current policy is to review all such bets manually and to refund them on a case by case basis.

We typically refund such bets unless they are a blatant attempt at taking advantage of the other

bettors by betting on an event where the outcome is known.



This process has unfortunately become necessary these days where transaction confirmation

has become highly unpredictable because of full blocks (even when fat fees are included).



Please see this comment :



https://bitbet.us/bet/1254/bitcoin-value-at-or-above-600-on-jul/#c6150



And please also see this resolved bet:



https://bitbet.us/bet/1269/bitcoin-value-at-or-above-525-before-june



where we did refund a very late bet even though it could in fact have been

construed as a skimming attempt.



We would appreciate your perspective on this topic.



The BitBet management team.

Dear BitBet users,As you know, BitBet is under new management, and we are currently discussing whetherto keep or change the very controversial policy around bets received (where received meansincluded in a block) after betting closes or after the resolution event has already occurred.The current policy, which we are given to understand created a lot of frustration in the pastwas designed to discourage users to try and take advantage of the other users by betting largesums on "obvious" bets late in the game or even after the event occurred.Our current policy is to review all such bets manually and to refund them on a case by case basis.We typically refund such bets unless they are a blatant attempt at taking advantage of the otherbettors by betting on an event where the outcome is known.This process has unfortunately become necessary these days where transaction confirmationhas become highly unpredictable because of full blocks (even when fat fees are included).Please see this comment :And please also see this resolved bet:where we did refund a very late bet even though it could in fact have beenconstrued as a skimming attempt.We would appreciate your perspective on this topic.The BitBet management team.

dooglus



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LegendaryActivity: 2800Merit: 1252 Re: BitBet policy around late bets June 16, 2016, 03:50:41 PM #10 Quote from: bitbet-info on June 14, 2016, 08:43:06 PM We typically refund such bets unless they are a blatant attempt at taking advantage of the other

bettors



[...]



we did refund a very late bet even though it could in fact have been construed as a skimming attempt.



By changing this rule you are effectively telling the cheats that they will now be allowed to cheat again as long as they don't make it too obvious. You are also opening yourself up to accusations of favouritism yourself - maybe you refund some bets and not others because of who made them. We can't tell.



Using the old rule is much clearer and fairer for everyone in my opinion. By changing this rule you are effectively telling the cheats that they will now be allowed to cheat again as long as they don't make it too obvious. You are also opening yourself up to accusations of favouritism yourself - maybe you refund some bets and not others because of who made them. We can't tell.Using the old rule is much clearer and fairer for everyone in my opinion. Just-Dice ██

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