Topic: BtcGoldCoin.us NOW WITH 40% PROFIT!!!! - page 3. (Read 7782 times)

I made a post on the website about this thread as well, but your idea is a good one too.

BTW I meant to ask you to PM me your address so I could send YOU a silver dime for the idea. I got mixed up with who suggested it to me xD

Actually there's an even better way to verify Bitcoin address ownership. Most clients allow signing messages with Bitcoin address private keys. Some users might opt to authenticate by posting here first, but for the larger prizes or for people who don't know about this thread it is another option.

I don't know about a casino, but I do want to have as much fun with this game as possible! I updated the OP BTW.

I don't know what kind of capital you are willing to put forward to differentiate your chain game, but Coinabul has rolls of 20 Walking Liberty Half Dollars. For higher coin amounts, the 1 or 2.5 gram PAMP Suisse bars might be worth it.

If you're spending this kind of capital though, you might as well look at building some other games and calling it a casino.

Mother of God... Now THAT is a good idea!!

And the wheels start to turn...

Ok I've got a plan.  Haitispaceagency, can I send you a silver dime? You will be the first to get a prize! PM me with your address! And I will edit my OP to reflect the new rules, and rewards!

This would actually make these games interesting. Adding the option of a "winner" receiving physical delivery of a precious metal item might actually attract people to this revamped version of Hot Potato.

Thanks for the review

I like this game. I have played a few turns and it is very easy. I made the 15%, its a no brainer. I had few questions and some minor issues. The admin was very responsive and helpful.

REMEMBER to pay the mining fee when you buy the coin. my client was set to 0.00 mining fee first time, which made me miss the coin(you only have 1 hour to get a confirmation,so PAY the fee)

With that said, I thought my BTC was long gone. But I got an immediate reply to my email (within minutes) from the admin. Got a rapid refund my coin with no hassles at all and was able to rebuy the gold coin. Site admin is very honest and helpful considering it was my fault for not including mining fee when I played ( it is plainly spelled out on the site). you can trust this site, and almost a guaranteed profit maker.


My vote :
1.  95% chance of 20% profit, 3 days idle reset

I've decided to switch up the numbers a bit for the next round of BTCGoldCoin. But I want your opinion on which one to use. Please post your vote as a comment.

The choices are:

1.  95% chance of 20% profit, 3 days idle reset
2. 92.5% chance of 20% profit, 4 days idle reset
3. 90% chance of 25% profit, 4 days idle reset
4. 90% chance of 30% profit, 2 days idle reset, 25% reset refund*


*This reset refund would be paid out to the on who reset's the chain. 25% of the final price before the reset is what will be paid out.
For example:  Gold coin costs x Bitcoin. Some_Random_Guy purchases the Gold Coin for x Bitcoin bumping the price up to y Bitcoin. But the purchase triggered a reset, so y*.25 will be refunded to Some_Random_Guy.

Also FYI the longest time between purchases of the Gold Coin so far has been 25 hours

Any feedback guys?

xD good one!

The Gold Coin is virtual. you buy it and then hope someone comes along and buys it from you. you should read all the info in the FAQ.

have fun!

are there any shipping fees for the gold coin and how long does shipping usually take

Unfortunately I'm exhausted from this cold I'm just getting over, so I'm not quite sure whether you actually think I participate in the game.

But I should let you know, the whole point of the game is for someone to buy the Gold Coin, then for someone else to buy it from them, so on and so on. If the gold coin gets bought by someone, who cares who it is? The guy before him makes money, and so do I as the site owner. Not a whole lot, but still.

Anyways, you should check the site out and make some money off the Gold Coin. If you don't want to that's fine, just please don't leave what seem to be acusatory comments about something you aren't sure of.
(If your comment wasn't acusatory, my apologies, my brain is very tired right now.)

Correction: when you stop buying it yourself hoping others will actually buy it

When people actually stop playing.

LOL

When will people learn that the last working chain game was the gold bar..

Hey guys, just set up a new site:


www.Btcgoldcoin.us


Go check it out!!



here's the gist of it:


Well, first off you buy the Gold Coin. When you buy the Gold Coin there's a 1% chance that your purchase will trigger a reset, meaning you lose your investment and the price of the Gold Coin goes down to it's original price ( .1 BTC). If your purchase doesn't trigger a reset then congratulations! You now own the Gold Coin. Now you're wanting someone else to come along and buy it from you, for the new price which is 50% more than what you paid!


So after you buy the Gold Coin go post about it on Facebook or Twitter! Go tell your friends! The more people join in on this game the more BTC people can make!

the odds of winning are 99% chance for a 1.4x payout!

*UPDATE*

As of now, there is a new rule/prize! If you are the last person in the chain before the reset (the guy before the one who's purchase causes the reset) then you are the "Prize winner" and depending on the amount the Gold Coin was worth, you the "Prize Winner" will receive SILVER in the mail! Here's the prize structure:


If the Gold Coin was worth:
.9999 BTC or less, the Prize will be a US 90% Silver dime
1.9999 BTC or less, the prize will be a US 90% Silver quarter
2.9999 BTC or less, the prize will be a US 90% Silver Half Dollar
3.9999 BTC or less, the prize will be a US 90% Silver Dollar
Anything above 4 BTC and I'll send you a 1oz Silver Round!

"But how will you know who to send the silver to?" you ask.

Well, if you want to be eligible for the Silver Prize, then you must leave the bitcoin address you used to purchase the Gold Coin with, in a comment below! When the chain is reset I will look to see who the last person in line was, compare the address with those on this thread, and will then send a PM to the Prize Winner!

"How fast will you ship my Silver Prize?"

For most of the Silver Prizes (the prizes which I myself own, silver dimes, quarters and a dollar coin) I will ship them within 3 days of the chain resetting. For the Silver Prizes that I do not own, I will purchase on Ebay, then when they arrive I will ship them to you.

"So wait, other than the possibility of winning silver, what does this mean for me?"

It means that you have all the more incentive to share and advertise www.btcgoldcoin.us!

GOOD LUCK, AND BE SURE TO SHARE THIS SITE WITH OTHERS!!





UPDATE #2

I've played around with the numbers and here's they are as they now stand:

Players have a 2.5% chance to reset the Gold Coin, and every time the Gold Coin is purchased it goes up in value 30%, giving the previous player a 25% profit.

Meaning the odds are:  97.5% chance for 25% profit.

The Idle reset timer is now at 5 days.




FAQ:

What is this?

The bitcoin Gold Coin is an entertaining game, advertising opportunity, and a psychological experiment. You can think of it as a self-sustainingspeculative bubble.

Why should I buy the Gold Coin?

Who wouldn't want the Gold Coin? Not only do you get free advertising and profit when the next buyer comes in, but you'll look cool doin it too.

How/when does the price increase?

Each time the Gold Coin changes owners its worth increases by 20%, rounded to 4 decimal places.

Why does the Gold Coin reset at all?

If it never reset, the price would go up forever. While this can be awesome to see, it would leave one gigantic loser at the end of the chain. Like any other speculative bubble, the Gold Coin has to collapse at some point.

When does the Gold Coin reset?

The Gold Coin resets in a completely random manner and can't be influenced in any way. Once your payment confirms, we take your transaction hash and the merkle root of the block containing your transaction and create another hash: hmac_sha512(merkleroot,txhash). If the decimal of the first two bytes of this hash are less than 1638 then you reset the Gold Coin. Since nobody can know the merkle root in advance there's no way to trick the system. This also lets you easily verify that resets were handled correctly.

So what are my odds of making a profit?

Technically speaking, your odds of making a 15% profit are 97.5%, assuming another buyer purchases the Gold Coin after you.

What happens if no one after me buys the Gold Coin?

If there's no purchase for 1 week, the Gold Coin will automatically reset to 0.1 bitcoins.

What happens if I send a payment but a few seconds before me another player buys the Gold Coin?

After a unique buying address is generated, purchases will be locked for 1 minute – so this should not happen. However, if an accidental double pay occurs, we will send a complete refund to the bitcoin address you provided and will include a public message via blockchain. Please note that refunds are made manually, so they could take a while.

I accidentally entered a wrong bitcoin address and my payout was sent to it – can you refund me?

Payouts are automatic, once they're done the coins are on their way to the address you gave us and a refund is not possible. So please be sure to double check your address.

I don't trust you, how do I know you won't run away with my coins?

We try to make everything as transparent as possible, but you really should not play if you don't trust the bitcoin Gold Coin.

What about bugs and flaws?

Please tell us about bugs you find! We're using the blockchain.info APIand can't guarantee 100% uptime. However, if there's a problem with their software or our server your transaction will still be in the block chain. We manually check incoming and outgoing transactions and will react accordingly.