Bananington's Lotto(Ticket Prices are 1BTC each)[Shutdown due to unpopularity]

bitbetter

member

Activity: 70

Merit: 10

I want to feel your empty heart.

Quote from: bitlotto on July 19, 2011, 05:04:25 PM

Quote from: Bananington on July 19, 2011, 04:20:20 PM

I just wanted to set up a simple lotto. You guys and your trust issues rub me the wrong way. Sad

Ah don't take it the wrong way. It's just that these type of lotteries, if not set up right, are easy to scam people with. I've seen it done. They think its easy money and won't get caught. Others here are just trying to protect players and help you fix issues. That's all.

I can vouch for the legitimacy of this guy, if that means anything to anyone. He is using my site to run his lottery, so if he doesnt pay you SOMEONE will. Plus, his account would be terminated if he is found to be doing any fraudulent activity. He's just new to Bitcoin and trying to find some other ways to make them without having to go to an exchange. We should help the newbies out!

bitlotto

hero member

Activity: 672

Merit: 500

BitLotto - best odds + best payouts + cheat-proof

Quote from: Bananington on July 19, 2011, 04:20:20 PM

I just wanted to set up a simple lotto. You guys and your trust issues rub me the wrong way. Sad

Ah don't take it the wrong way. It's just that these type of lotteries, if not set up right, are easy to scam people with. I've seen it done. They think its easy money and won't get caught. Others here are just trying to protect players and help you fix issues. That's all.

Bananington

sr. member

Activity: 1470

Merit: 428

Quote from: bitlotto on July 19, 2011, 03:31:35 PM

Quote from: Bananington on July 19, 2011, 07:29:22 AM

It's just a simple lottery. I'm not going to get numbers from the real lottery because, to be frank, that's too much work.

I'll list winners as well as the amount they won and their address. I'm not sure on how the bitcoin network works yet, but can't you check to see if the BTC actually went to that address?

Example:
Say 9 people buy a ticket. You send some money to mybitcoin and back to a new wallet. You then buy 1 ticket. You then tell everyone you are using a random number but in fact you just send the winnings to your address. You post the winner and congratulate them and start another round. No one knows that you just paid yourself. There is no way to know if you did that or not. Bitcoin is kind of anonymous depending on how you use it and that's why HOW you pick the winner is important. Unless you design it such that you can't manipulate who wins, there is always that possibility.

You're right. Sigh. Maybe I'll just sell some of my stuff then. lol.

Quote from: MasonIII on July 19, 2011, 04:15:27 PM

Quote from: TheBitMan on July 19, 2011, 04:00:58 PM

Quote from: bitlotto on July 19, 2011, 03:41:29 PM

Quote from: TheBitMan on July 19, 2011, 03:35:12 PM

Just use hypercam to record and have everyone post there address here

Truthfully, that wouldn't really prove anything. They could just make the video over and over until they get the results they want.

true that

He could use two windows, one open to time.gov and the other to his randomizing. And then set a time on a designated time zone such as PDT on time.gov and then right when that time hits to do the randoming process. Therefore he wouldn't have the chance to run it multiple times.

I appreciate both of your guys's attempts to help make this cheat free.

I just wanted to set up a simple lotto. You guys and your trust issues rub me the wrong way. Sad

MasonIII

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Activity: 328

Merit: 250

Quote from: TheBitMan on July 19, 2011, 04:00:58 PM

Quote from: bitlotto on July 19, 2011, 03:41:29 PM

Quote from: TheBitMan on July 19, 2011, 03:35:12 PM

Just use hypercam to record and have everyone post there address here

Truthfully, that wouldn't really prove anything. They could just make the video over and over until they get the results they want.

true that

He could use two windows, one open to time.gov and the other to his randomizing. And then set a time on a designated time zone such as PDT on time.gov and then right when that time hits to do the randoming process. Therefore he wouldn't have the chance to run it multiple times.

TheBitMan

sr. member

Activity: 280

Merit: 250

Quote from: bitlotto on July 19, 2011, 03:41:29 PM

Quote from: TheBitMan on July 19, 2011, 03:35:12 PM

Just use hypercam to record and have everyone post there address here

Truthfully, that wouldn't really prove anything. They could just make the video over and over until they get the results they want.

true that

bitlotto

hero member

Activity: 672

Merit: 500

BitLotto - best odds + best payouts + cheat-proof

Quote from: TheBitMan on July 19, 2011, 03:35:12 PM

Just use hypercam to record and have everyone post there address here

Truthfully, that wouldn't really prove anything. They could just make the video over and over until they get the results they want.

TheBitMan

sr. member

Activity: 280

Merit: 250

Just use hypercam to record and have everyone post there address here

bitlotto

hero member

Activity: 672

Merit: 500

BitLotto - best odds + best payouts + cheat-proof

Quote from: Bananington on July 19, 2011, 07:29:22 AM

It's just a simple lottery. I'm not going to get numbers from the real lottery because, to be frank, that's too much work.

I'll list winners as well as the amount they won and their address. I'm not sure on how the bitcoin network works yet, but can't you check to see if the BTC actually went to that address?

Example:
Say 9 people buy a ticket. You send some money to mybitcoin and back to a new wallet. You then buy 1 ticket. You then tell everyone you are using a random number but in fact you just send the winnings to your address. You post the winner and congratulate them and start another round. No one knows that you just paid yourself. There is no way to know if you did that or not. Bitcoin is kind of anonymous depending on how you use it and that's why HOW you pick the winner is important. Unless you design it such that you can't manipulate who wins, there is always that possibility.

Bananington

sr. member

Activity: 1470

Merit: 428

Quote from: tysat on July 19, 2011, 07:20:27 AM

Quote from: Bananington on July 19, 2011, 07:15:36 AM

(Note: If anyone wants to explain how the Bitlotto runs completely transparent. I'd would appreciate and maybe attempt to duplicate it.)

Said explanation would be in the link I provided before. Here it is again.

That page gives a detailed explanation of how his lottery is run, hence how it's run completely transparent.

It's just a simple lottery. I'm not going to get numbers from the real lottery because, to be frank, that's too much work.

I'll list winners as well as the amount they won and their address. I'm not sure on how the bitcoin network works yet, but can't you check to see if the BTC actually went to that address?

You can't determine the identity of that address though, huh? :/

tysat

legendary

Activity: 966

Merit: 1004

Keep it real

Quote from: Bananington on July 19, 2011, 07:15:36 AM

(Note: If anyone wants to explain how the Bitlotto runs completely transparent. I'd would appreciate and maybe attempt to duplicate it.)

Said explanation would be in the link I provided before. Here it is again.

That page gives a detailed explanation of how his lottery is run, hence how it's run completely transparent.

Bananington

sr. member

Activity: 1470

Merit: 428

Quote from: bitbetter on July 18, 2011, 09:31:32 PM

Quote from: Bananington on July 18, 2011, 09:29:23 PM

Quote from: bitbetter on July 18, 2011, 09:27:31 PM

Quote from: tysat on July 18, 2011, 09:25:23 PM

Quote from: Bananington on July 18, 2011, 09:17:07 PM

As for picking the winner I use a random name selector here at http://primaryschoolict.com/random-name-selector/.

Who's to say you're not going to "randomly" pick yourself to win?

there's really only one way to find out

How? Please don't be a smartass.

buy a ticket!!

Lol, Thanks.

Quote from: SmokeAndMirrors on July 19, 2011, 05:23:18 AM

~13$ per ticket? I'd sooner go out and buy a real lottery ticket for less than half that. Also, if I was paying ~13$ per ticket, I sure as shit wouldn't want the tax man (YOU in this case) taking %20 for doing pretty much nothing.

The winnings will be greater for it.

Quote from: SmokeAndMirrors on July 19, 2011, 05:23:18 AM

~13$ per ticket? I'd sooner go out and buy a real lottery ticket for less than half that. Also, if I was paying ~13$ per ticket, I sure as shit wouldn't want the tax man (YOU in this case) taking %20 for doing pretty much nothing.

I set up and run the lottery. What do you do? Spend 1BTC... Jeesh. It's not like I'm taking hundreds of BTC.
(NOTE: The "tax" is 5% now.)

Quote from: tysat on July 18, 2011, 09:48:55 PM

Quote from: Bananington on July 18, 2011, 09:28:45 PM

Quote from: tysat on July 18, 2011, 09:25:23 PM

Quote from: Bananington on July 18, 2011, 09:17:07 PM

As for picking the winner I use a random name selector here at http://primaryschoolict.com/random-name-selector/.

Who's to say you're not going to "randomly" pick yourself to win?

No one. Who's to say that the West Virginia Lottery isn't rigged?

Can you tell me how I'm to prove that I didn't "Rig" the lotto?

Look at how this is run. It's not hard to make a lotto that is pretty much impossible to cheat.

I don't understand that to be honest. It doesn't mean that I can't run a lottery. Doesn't the network run on trust? lol. There are no guarentees. You send your money and you hope I pay up. If I don't, the bitcoin network knows to avoid the bananington in all future endeavors. All you would have lost is a measly 1BTC.

Take a chance and buy a ticket people. It may be gambling but I'll pay up.

(Note: If anyone wants to explain how the Bitlotto runs completely transparent. I would appreciate and maybe attempt to duplicate it.)

SmokeAndMirrors

full member

Activity: 168

Merit: 100

~13$ per ticket? I'd sooner go out and buy a real lottery ticket for less than half that. Also, if I was paying ~13$ per ticket, I sure as shit wouldn't want the tax man (YOU in this case) taking %20 for doing pretty much nothing.

btcLottery

member

Activity: 85

Merit: 10

Heh, I run a weekly lottery, im on week 10 and charge only .1 and .01 per ticket. I'm pretty visible in these forums, and I still don't get too much action on my site yet. And I only charge 2%. Good luck to ya.

TYDIRocks

full member

Activity: 213

Merit: 100

Plus I wouldn't even pay a whole bitcoin for a ticket. I'd pay like .1 at most.

Maged

legendary

Activity: 1204

Merit: 1015

Quote from: TheBitMan on July 18, 2011, 09:52:44 PM

I tried this a few weeks ago..but people just dont trust ya..

That can be fixed by posting a bond greater than the expected pot to a trusted member.

bitlotto

hero member

Activity: 672

Merit: 500

BitLotto - best odds + best payouts + cheat-proof

Quote from: Bananington on July 18, 2011, 09:28:45 PM

Quote from: tysat on July 18, 2011, 09:25:23 PM

Quote from: Bananington on July 18, 2011, 09:17:07 PM

As for picking the winner I use a random name selector here at http://primaryschoolict.com/random-name-selector/.

Who's to say you're not going to "randomly" pick yourself to win?

No one. Who's to say that the West Virginia Lottery isn't rigged?

Can you tell me how I'm to prove that I didn't "Rig" the lotto?

You can watch it. It would be pretty hard to rig!! How would you alter the outcome? It would be pretty hard. With yours it's: just let some anonymous person tell you what it is. There is no way for others to verify.
People are getting at that you could tell people over and over your are really getting a random number but it would be indistinguishable from a "random" number that wasn't random at all but a fraud.

TheBitMan

sr. member

Activity: 280

Merit: 250