Betcha is (was) an honor-based peer-to-peer betting service based in Seattle. On July 9, the Washington State Gambling Commission swept into Betcha’s offices, Gestapo style, confiscating everything, right down to their Programming PHP manual. Founder Nick Jenkins is now staring straight in the face of our country’s unconscionable forfeiture laws: you know, the ones that give law enforcement the right to sell Nick’s stuff on eBay and keep the proceeds, without ever charging him with a crime.
The Seattle Post-Intelligencer reported on the raid. The vast majority of the commenters sided with Betcha, urging Washington State officials to find better uses for their time and tax money, lamenting Washington’s ever-growing “Nanny State” credentials, and decrying the seemingly corrupt and hypocritical gambling politics involved.
To Nick and other Betcha employees and investors: Thank you for taking this risk and putting your stake in the ground, even if the current outcome is not what you’d hoped for. I hope you have the wherewithal to see this through to your day in court so that, if nothing else, we can get some clarity in the law. Here’s to hoping you’ve simply lost a battle and not the war.
Readers: Go to Betcha’s site to sign up for email updates and find out how to help.
Talk about the danger of overfitting: "Complex and esoteric even in the world of technical indicators, the Hindenburg Omen is triggered when [four narrow conditions] occur"... "The Hindenburg Omen has a roughly 25% accuracy rate in predicting big market upheaval since 1987."... Is that precision or recall or ? See also http://en.wikipedia […]
"We design probabilistic computers, a new class of hardware and software that embraces uncertainty to generate inferences. Unlike current computers, which are built for logical deduction and precise arithmetic with no room for ambiguity, our computers are built for guessing the meaning behind inherently ambiguous data. Our first product, Veritable, solv […]
Betcha loses a battle; Not the war?
That didn’t take long.
Betcha is (was) an honor-based peer-to-peer betting service based in Seattle. On July 9, the Washington State Gambling Commission swept into Betcha’s offices, Gestapo style, confiscating everything, right down to their Programming PHP manual. Founder Nick Jenkins is now staring straight in the face of our country’s unconscionable forfeiture laws: you know, the ones that give law enforcement the right to sell Nick’s stuff on eBay and keep the proceeds, without ever charging him with a crime.
The Seattle Post-Intelligencer reported on the raid. The vast majority of the commenters sided with Betcha, urging Washington State officials to find better uses for their time and tax money, lamenting Washington’s ever-growing “Nanny State” credentials, and decrying the seemingly corrupt and hypocritical gambling politics involved.
To Nick and other Betcha employees and investors: Thank you for taking this risk and putting your stake in the ground, even if the current outcome is not what you’d hoped for. I hope you have the wherewithal to see this through to your day in court so that, if nothing else, we can get some clarity in the law. Here’s to hoping you’ve simply lost a battle and not the war.
Readers: Go to Betcha’s site to sign up for email updates and find out how to help.