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Topic: BitLotto - the Bitcoin lottery - UPDATE 1 (Read 5645 times)

sr. member
Activity: 322
Merit: 251
OF COURSE the guy who plays right after me wins. Of course that happens...
Heh, that's how it goes.
legendary
Activity: 1500
Merit: 1022
I advocate the Zeitgeist Movement & Venus Project.
OF COURSE the guy who plays right after me wins. Of course that happens...
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
So what are you going to do about the guy who put in 2 BTC?
Hope they win so I don't have to think about it!  Undecided  The couple late tickets I have no choice, as I said on the website, they will go to the winner and if I didn't follow through others would cry foul. If they won, even more so! Now for whoever paid the 2 BTC, I'll probably keep it in the pot but pay him back 1 BTC with my own money.... Huh I probably won't always do that though or I'll run out of money eventually...
legendary
Activity: 1500
Merit: 1022
I advocate the Zeitgeist Movement & Venus Project.
So what are you going to do about the guy who put in 2 BTC?
sr. member
Activity: 434
Merit: 251
Every saint has a past. Every sinner has a future.
So that's 4BTC in the pot so far? I'm gonna be rich!

I'm going to predict final May 4 pot will be 246 BTC. That would be worth winning.



Or running away with.  Cool Wink
Ok. I admit that made me laugh. Seriously though, I'd be nuts to run with the money, I'd be better off making a small share honestly over a long period. Sure 246 BTC would be nice but I'd rather run a successful lottery in the future. I intend on running this for a very long time and with time people will see I'm doing exactly as I said.

I was joking. Only an idiot would ruin such a great idea at its infancy. If I was a good enough programmer I would write such a portal myself.
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
So that's 4BTC in the pot so far? I'm gonna be rich!

I'm going to predict final May 4 pot will be 246 BTC. That would be worth winning.



Or running away with.  Cool Wink
Ok. I admit that made me laugh. Seriously though, I'd be nuts to run with the money, I'd be better off making a small share honestly over a long period. Sure 246 BTC would be nice but I'd rather run a successful lottery in the future. I intend on running this for a very long time and with time people will see I'm doing exactly as I said.
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
why wait for the lottery guy to 'decide' a winner? If people want to gamble, at least gamble on things where the results are completely transparent...like sports ! Smiley
LOL, remember I don't decide, the draw is random... Smiley
sr. member
Activity: 334
Merit: 250
why wait for the lottery guy to 'decide' a winner? If people want to gamble, at least gamble on things where the results are completely transparent...like sports ! Smiley
full member
Activity: 126
Merit: 101
rolling the dice  Smiley

I hope this is not a scam, because in my opinion this is exzactly what is needed to keep people coming back. Now what usually happens is that people download the client, get their 0.05 from Bitcoin Faucet, generate coins for one or two days with no avail and lose interest because there's no simple activities to participate in.
sr. member
Activity: 434
Merit: 251
Every saint has a past. Every sinner has a future.
So that's 4BTC in the pot so far? I'm gonna be rich!

I'm going to predict final May 4 pot will be 246 BTC. That would be worth winning.



Or running away with.  Cool Wink
full member
Activity: 154
Merit: 100
So that's 4BTC in the pot so far? I'm gonna be rich!

I'm going to predict final May 4 pot will be 246 BTC. That would be worth winning.

sr. member
Activity: 411
Merit: 250
Why not. May 4th drawing.
sr. member
Activity: 434
Merit: 251
Every saint has a past. Every sinner has a future.
I am in as well.
full member
Activity: 154
Merit: 100
Okay I'll play along... in for one May 4 entry.

(I earned that 1BTC by posting a funny camel picture in the last 4chan rally)

Smiley
member
Activity: 62
Merit: 10
Your hash is:
905f53573d248ad9ebf1de09a75d247edf0d9fa3ccfda76298045bbe7a9b7d6b

And, if I've done everything right
158RZQug8wbez4YJNhW3x9qe15UEB5MG5v
will get all the Bitcoins if your hash wins.

Thank you (no I won't post every entry I'm just excited for the first one and if they see this to give me a thumbs up I have the right account!)

Yes thats correct Smiley
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
Whoever sent the first draw THANK YOU!
http://blockexplorer.com/address/18dts6fXXA7jVKfYMBpsFqx7iZCELCfDpk

Your hash is:
905f53573d248ad9ebf1de09a75d247edf0d9fa3ccfda76298045bbe7a9b7d6b

And, if I've done everything right
158RZQug8wbez4YJNhW3x9qe15UEB5MG5v
will get all the Bitcoins if your hash wins.

Thank you (no I won't post every entry I'm just excited for the first one and if they see this to give me a thumbs up I have the right account!)
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
I've thought some more about it and yes, I can see how at first people will have a tough time trusting BitLotto. I know once I have it, it will grow but it's the first few months that are going to be tough to get started. Perhaps there is someone here in this community everyone trusts? I would be willing to send say 50 BTC to someone to hold on to. (I'm sure not many more than that will play the first few months. I hope I'm wrong though and it's much more) IF and that's a big IF, I don't pay the winner, they send the 50 BTC to the winner. Since the account for holding the BTC is known, and the hashes are known, the winner would be know even if I disappear. If I don't pay they give the 50 BTC. If I do pay, they can keep the 50 BTC to insure the next month. It continues for say one year, and they can then keep some of the 50 BTC if it is never needed.

administrator
Activity: 5222
Merit: 13032
But would the correct person get the winnings?

If they use their own Bitcoin clients, then they will get it.
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
It will be confusing because the winner's Bitcoin client will say, "Received 500 BTC from Joe", where "Joe" is some random person with no relation to you.
But would the correct person get the winnings? Anyone who plays would probably remember they played so if a large sum of money all of a sudden showed up in their account they'd probably clue in they won the lottery. They would even see the announcement on the BitLotto website. Even if it says it was from someone else they would be able to see the "trail" that originates from the account he deposited the BTC in? As long as the right winner gets the BTC that's all I care about. Not really how many people it bounced along the way. As long as the hash belongs to the person who spent the 1 BTC and I can send the winnings to the correct person. If the players use their own wallets and not public ones to play would it work? I just like how if I'm correct, how fool proof it is, and how it makes it hard to lie and trick others. Just sent 1 BTC for a chance. That's it. I can't manipulate who wins. The hash is set.
administrator
Activity: 5222
Merit: 13032
It will be confusing because the winner's Bitcoin client will say, "Received 500 BTC from Joe", where "Joe" is some random person with no relation to you.
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