Topic: [Closed][BTE] Bytecoin Emerald/Ruby - page 6. (Read 28634 times)
I would, it still looks very cheap, but I got my butt out in the wind elsewhere right now
Anyone want to buy from me? 
Was just thinking of a variation, where as the emerald is passed around and each time, bought, the BTE goes into a central payout pool, so by buying the emerald, you are putting BTE in the pool.
As the 24hour runs down, and the reset occurs, the BTE is paid out to all the previous owners, but, perhaps larger corresponding share the earlier you owned the emerald, and maybe limit ownership to just once per reset period. The later owners in the chain get back less than they put in, but perhaps only slightly less.
Maybe this system would encourage many people to try and buy in early, and would create momentum.
Yes, I think its a Ponzi idea, but if you dont increase the cost of ownership so quickly, and keep the cost of ownership relatively small, people do not end up losing a large sum, and it keeps it more on the 'fun to play' side of things, but with the early buyers still perhaps able to make a larger gain.
You could also add a twist to this game, and allow people to 'buy' a 24 hour ( or maybe on a per hour basis ) extension, again the BTE from that time purchase going to the pool. The early buyers may think it a good tactic to buy a time extension to try to increase the pool size by allowing more time for people to play. As might someone on the border line of making or slightly losing BTE if the reset occurred.
I think you'd need a webpage with a table showing how much each person in the chain would make or lose if the reset were to occur at that point in time, and how much at the next reset if no more buyers.
The house could take say 1% of the final pool total, for the trouble of running the game.
Lets call this game the 'The Great Bytecoin Ponzi Pool' - so no one is under any illusions as to what it is
As the 24hour runs down, and the reset occurs, the BTE is paid out to all the previous owners, but, perhaps larger corresponding share the earlier you owned the emerald, and maybe limit ownership to just once per reset period. The later owners in the chain get back less than they put in, but perhaps only slightly less.
Maybe this system would encourage many people to try and buy in early, and would create momentum.
Yes, I think its a Ponzi idea, but if you dont increase the cost of ownership so quickly, and keep the cost of ownership relatively small, people do not end up losing a large sum, and it keeps it more on the 'fun to play' side of things, but with the early buyers still perhaps able to make a larger gain.
You could also add a twist to this game, and allow people to 'buy' a 24 hour ( or maybe on a per hour basis ) extension, again the BTE from that time purchase going to the pool. The early buyers may think it a good tactic to buy a time extension to try to increase the pool size by allowing more time for people to play. As might someone on the border line of making or slightly losing BTE if the reset occurred.
I think you'd need a webpage with a table showing how much each person in the chain would make or lose if the reset were to occur at that point in time, and how much at the next reset if no more buyers.
The house could take say 1% of the final pool total, for the trouble of running the game.
Lets call this game the 'The Great Bytecoin Ponzi Pool' - so no one is under any illusions as to what it is
Thanks for your detailed reply, I've decreased the increase slightly, and I'll read your post properly tomorrow (It's 3AM where I am
).heh, 11 am here !
Another idea would be to do it like litecointreasure, the one that is left hanging loses everything but is paid 10% of the house profits for that round. That way they don't lose so much.
Then they technically don't 'lose everything', why not just give them 50-80% of their money back?
Ok maybe I didn't frame my words correctly but I think you get the meaning of what I was trying to say lol
Was just thinking of a variation, where as the emerald is passed around and each time, bought, the BTE goes into a central payout pool, so by buying the emerald, you are putting BTE in the pool.
As the 24hour runs down, and the reset occurs, the BTE is paid out to all the previous owners, but, perhaps larger corresponding share the earlier you owned the emerald, and maybe limit ownership to just once per reset period. The later owners in the chain get back less than they put in, but perhaps only slightly less.
Maybe this system would encourage many people to try and buy in early, and would create momentum.
Yes, I think its a Ponzi idea, but if you dont increase the cost of ownership so quickly, and keep the cost of ownership relatively small, people do not end up losing a large sum, and it keeps it more on the 'fun to play' side of things, but with the early buyers still perhaps able to make a larger gain.
You could also add a twist to this game, and allow people to 'buy' a 24 hour ( or maybe on a per hour basis ) extension, again the BTE from that time purchase going to the pool. The early buyers may think it a good tactic to buy a time extension to try to increase the pool size by allowing more time for people to play. As might someone on the border line of making or slightly losing BTE if the reset occurred.
I think you'd need a webpage with a table showing how much each person in the chain would make or lose if the reset were to occur at that point in time, and how much at the next reset if no more buyers.
The house could take say 1% of the final pool total, for the trouble of running the game.
Lets call this game the 'The Great Bytecoin Ponzi Pool' - so no one is under any illusions as to what it is
As the 24hour runs down, and the reset occurs, the BTE is paid out to all the previous owners, but, perhaps larger corresponding share the earlier you owned the emerald, and maybe limit ownership to just once per reset period. The later owners in the chain get back less than they put in, but perhaps only slightly less.
Maybe this system would encourage many people to try and buy in early, and would create momentum.
Yes, I think its a Ponzi idea, but if you dont increase the cost of ownership so quickly, and keep the cost of ownership relatively small, people do not end up losing a large sum, and it keeps it more on the 'fun to play' side of things, but with the early buyers still perhaps able to make a larger gain.
You could also add a twist to this game, and allow people to 'buy' a 24 hour ( or maybe on a per hour basis ) extension, again the BTE from that time purchase going to the pool. The early buyers may think it a good tactic to buy a time extension to try to increase the pool size by allowing more time for people to play. As might someone on the border line of making or slightly losing BTE if the reset occurred.
I think you'd need a webpage with a table showing how much each person in the chain would make or lose if the reset were to occur at that point in time, and how much at the next reset if no more buyers.
The house could take say 1% of the final pool total, for the trouble of running the game.
Lets call this game the 'The Great Bytecoin Ponzi Pool' - so no one is under any illusions as to what it is
Thanks for your detailed reply, I've decreased the increase slightly, and I'll read your post properly tomorrow (It's 3AM where I am
). Another idea would be to do it like litecointreasure, the one that is left hanging loses everything but is paid 10% of the house profits for that round. That way they don't lose so much.
Then they technically don't 'lose everything', why not just give them some of their money back?
Another idea would be to do it like litecointreasure, the one that is left hanging loses everything but is paid 10% of the house profits for that round. That way they don't lose so much.
Was just thinking of a variation, where as the emerald is passed around and each time, bought, the BTE goes into a central payout pool, so by buying the emerald, you are putting BTE in the pool.
As the 24hour runs down, and the reset occurs, the BTE is paid out to all the previous owners, but, perhaps larger corresponding share the earlier you owned the emerald, and maybe limit ownership to just once per reset period. The later owners in the chain get back less than they put in, but perhaps only slightly less.
Maybe this system would encourage many people to try and buy in early, and would create momentum.
Yes, I think its a Ponzi idea, but if you dont increase the cost of ownership so quickly, and keep the cost of ownership relatively small, people do not end up losing a large sum, and it keeps it more on the 'fun to play' side of things, but with the early buyers still perhaps able to make a larger gain.
You could also add a twist to this game, and allow people to 'buy' a 24 hour ( or maybe on a per hour basis ) extension, again the BTE from that time purchase going to the pool. The early buyers may think it a good tactic to buy a time extension to try to increase the pool size by allowing more time for people to play. As might someone on the border line of making or slightly losing BTE if the reset occurred.
I think you'd need a webpage with a table showing how much each person in the chain would make or lose if the reset were to occur at that point in time, and how much at the next reset if no more buyers.
The house could take say 1% of the final pool total, for the trouble of running the game.
Lets call this game the 'The Great Bytecoin Ponzi Pool' - so no one is under any illusions as to what it is
As the 24hour runs down, and the reset occurs, the BTE is paid out to all the previous owners, but, perhaps larger corresponding share the earlier you owned the emerald, and maybe limit ownership to just once per reset period. The later owners in the chain get back less than they put in, but perhaps only slightly less.
Maybe this system would encourage many people to try and buy in early, and would create momentum.
Yes, I think its a Ponzi idea, but if you dont increase the cost of ownership so quickly, and keep the cost of ownership relatively small, people do not end up losing a large sum, and it keeps it more on the 'fun to play' side of things, but with the early buyers still perhaps able to make a larger gain.
You could also add a twist to this game, and allow people to 'buy' a 24 hour ( or maybe on a per hour basis ) extension, again the BTE from that time purchase going to the pool. The early buyers may think it a good tactic to buy a time extension to try to increase the pool size by allowing more time for people to play. As might someone on the border line of making or slightly losing BTE if the reset occurred.
I think you'd need a webpage with a table showing how much each person in the chain would make or lose if the reset were to occur at that point in time, and how much at the next reset if no more buyers.
The house could take say 1% of the final pool total, for the trouble of running the game.
Lets call this game the 'The Great Bytecoin Ponzi Pool' - so no one is under any illusions as to what it is
I think there should be more profit to the buyers, and less profit and a little more risk to the host of the game. If I understand it correctly there is no lose ever to the 'house' but all win...doesn't seem right.. but maybe i'm misunderstanding some aspect of it...?
The point is that the house doesn't lose in this sort of game, all of the funds paid out come from another person. They have to judge if anyone else is going to buy it or not, for example at this stage, it seems less likely. The loss pays to the last person who bought the emerald, not to the house. The house takes it's cut when the emerald is transferred between people.
There are quite a few other sites like this (for bitcoin), and they also use a 'random reset' to ensure that the price doesn't rise too high. I could implement this if people wanted, or just keep it the same, we'll have to see.
I may create some other website with house loss later, just at the moment I don't have the funds to do so, which is why I chose to make this sort of website instead, with only house gain (to raise any capital required for a real gambling site).
I think there should be more profit to the buyers, and less profit and a little more risk to the host of the game. If I understand it correctly there is no lose ever to the 'house' but all win...doesn't seem right.. but maybe i'm misunderstanding some aspect of it...?
Its tempting, but i aint touching this game 
That's fine
It can be quite risky sometimes
I would buy it right now if it also included the chance to advertise, like the semi-magnificent bitcoin gem.
You can choose a name and add a link now! Only 397.13 BTE
I know if Digigami gets stuck with it in the end, the next time I have it at high stakes I probably shouldn't be expecting help from him. I've never played this game before, but now I realize how mean it is 
Yeah, it can be pretty mean sometimes, but the more you can gain, the more you can lose. For example, playing at 5 BTE Stakes wouldn't be that risky, as buyers would be plentiful and you wouldn't lose too much if it was reset, but you would only earn 1 BTE, so the game is a tradeoff between stakes and wins, it's the person who is playing's call.
(At least I didn't add a random reset, those are really annoying if you get hit by one)
I know if Digigami gets stuck with it in the end, the next time I have it at high stakes I probably shouldn't be expecting help from him. I've never played this game before, but now I realize how mean it is
Going to buy at next reset.. Not risking it
Yep, I'm out too. Maybe once we see more people playing I'll take more risk. Good luck Digigami.
It is only the first day
We'll probably start to see even more people use this soon.I hope that there are still some people who will buy it at this high-stake high-profit price, if not, the reset isn't that far away.
Going to buy at next reset.. Not risking it
Yep, I'm out too. Maybe once we see more people playing I'll take more risk. Good luck Digigami.
Going to buy at next reset.. Not risking it
Confirmed! You should be able to buy it now
EDIT: Looks like someone got there before you, it now costs 202.61 BTE
Digigami! Adding more so I can try to buy in again!EDIT: Looks like someone got there before you, it now costs 202.61 BTE
Your payment has been confirmed
Got it. This feels like a game of hot potato.
Confirmed! You should be able to buy it now
EDIT: Looks like someone got there before you, it now costs 202.61 BTE
Digigami! Adding more so I can try to buy in again!EDIT: Looks like someone got there before you, it now costs 202.61 BTE
Your payment has been confirmed
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