Topic: CoinsLottery(Coming Soon)(Hiring) (Read 1999 times)

Hi Could someone give me their opinion on these rates for winning. I am tottaly open to changes.
Just the Powerball Half of a bitcoin(1)
The Powerball and 1 Number 2 Bitcoin
The Powerball and 2 Numbers 5 Bitcoins
3 Numbers but without the Powerball 2.5 Bitcoins
3 Numbers and the Powerball 15 Bitcoins
4 Numbers but without the Powerball 10 Bitcoins
4 Numbers and the Powerball 20 Bitcoins
5 Numbers but without the Powerball 30 Bitcoins
5 Numbers and the Powerball Jackpot

maybe because they are bitcoin newbies who just happened to stumble across his lottery site first and have never heard of bitlotto

Thank you very much sgt for helping me. as for finding investors I am pretty sure GLBSE is my best choice correct?

I generally don't play lotteries, because I'm not a gambling man.  I know the odds are against me.  However, there are a good number of people here who DO play lotteries.

In my opinion, a sizeable jackpot would be no less than 100 BTC.  If I was setting up a mega-millions style lottery, I would set the odds at 30% of the ticket price divided by the initial jackpot prize, with half the ticket price going back into the jackpot.

In other words, for a 100 BTC jackpot, I'd give each ticket of 1 BTC a 1 in 333 chance to win.  And if 100 people entered @ 1 BTC each the first week, and no one won, then the jackpot would increase to 150 BTC the next week.

Someone tell me if my logic is flawed.  I am by no means a lottery expert, but I would expect these odds to pay out in favor of the lottery coordinator to the tune of about 1.2 BTC per 1 BTC paid in.

That might be too slim of a margin for a startup lottery, but I think much more of a margin and people wouldn't enter it.

If you don't have 300 BTC on hand (3 jackpots), you could always search for investors who believe in the idea enough to back you up if the luck stacks against you.  Eventually, they (and you) would win out.

I have coins to start it but not enought to replace it 2 times. Thank you for explaining to me how it works. In your opinion how much is a sizeable jackpot. How much would it take for you to try my lottery?

The way Mega Millions works is they put up a jackpot BEFORE anyone has paid them any money.  Statistically, Mega Millions will come out ahead on the jackpot, but that doesn't always happen.  Therefore, you need funds to put up a sizeable jackpot, and you need funds to replace that jackpot if someone happens to win it quickly before you generate enough ticket sales to pay for it.  And heck, you should probably have funds to replace the jackpot twice, just in case.

So, if you can put up a sizeable jackpot, can replace the jackpot at least twice with your own funds without any help from ticket sales, and can come up with a way to prove that you aren't manipulating the results (i.e., base it on the blockchain with a verifiable result posted prior to the drawing), then I think you might have a chance at building a successful lottery.

And just another note to you, scammers constantly defend themselves using these exact words "If I were a scammer, why would I...".

Work, don't talk. Then we'll know you're not a scammer.

Ok I will, Also Just as another point that I am not scamming anyone. Why would I post im hiring some one to help me automate the process of paying the winner if I had the intention to steal the money.

He's talking about putting up the money in the first place.

You need to do more research if you don't understand what he's talking about.

by that I am assuming you mean invest my coins the first couple of weeks to start out the site correct? I planned on doing this already and I will work on changing my lottery from a normal one to a mega millions style once since it seems to never have been done.
@matthew
Ok but if you were a customer what would you like?

I'm not your customer nor will I likely be in the future (nothing personal, not a huge fan of lotteries) therefor it doesn't matter what I want, it matters what your customers want. When you get some, ask them.

Mega-millions style would be neat, but you've gotta have the coins to back it up too, and be willing to take a hit if the luck doesn't go your way...!

I am going to work on usuing the API by myself and see if I can get it working before I request any help.
@sgt
I do Plan on differentiating my lottery. As I stated in a prevoius post I plan on making a lottery that works like the mega millions. I do not know of any current bitcoin lotteries that work this way.
@Matthew
I am perfectly fine with not being anonymous. How would you like me to do that. I could go and write a autobiograpghy but what would that prove beside that I can write a biography. I can give you my phone number,my name and even my address.

^^^This.

And you have to prove solvency and accountability to the community. This is hard if you intend to remain anonymous. Case in point, I am never anonymous in my businesses, that way even my few flaws are known ahead of time for people to first honestly judge, offering correction to, then adapt to, instead of having a lurking fear of potential fraud at any moment haunt them throughout the business dealings as they would have if I were anonymous.

Imitation may be the sincerest form of flattery, but that doesn't mean imitation works in the business world.  Differentiation is the key in business.  If you want to be successful, you have to show everyone how your product/service/lotto is better than the existing one(s)!  So far, this just looks exactly the same as the existing, well-known lotteries, in which case a person will ask themselves, "Why not just gamble on bitlotto instead of this unknown guy's site?"  Which is a legitimate question.  You have to find a way to attract people to your own lotto instead of using one of the existing ones with established reputation.

Here's an example of how to communicate with the daemon:
https://en.bitcoin.it/wiki/API_reference_(JSON-RPC)#PHP

I'm not really inclined to build a lottery (no challenges, already done, etc), but like Matthew said, if you start waving money around I could probably be persuaded.  If you provide details of the exact scope of the project and the price you're willing pay, you'll have better luck finding a developer.

Yes, yes. I'm sure Apple feels very happy about Samsung copying so much of their design and are very pleased to let them go ahead with it since it doesn't cause them any kind of competition and potential loss of profits.

 

I would recommend you improve your rep firstly by not making statements. Questions are like statements because they let us know what you don't know while telling us that you are interested in the possibility of being wrong. Statements however tell us that you believe you know and therefor do not need direction, so when someone presents themselves as if no direction is needed and yet that someone is still failing at something, we tend to treat that person like a plague on the creative flow in the community and micro-economy.

We usually try to signal to these individuals in the most obvious way possible that they are doing it wrong by simply telling them (also known as trolling), but time and time again people prove that they are emotionally attached to their businesses, which also tells us that they are failures at business in general.

Get used to failing, embrace it, then get used to people thinking you're a failure. One day you'll wake up with everything you want, everything working but everyone hating you and understand that that is actually normal.  

Well my whole site is in php and html right now

EDIT: I looked at the API and I will try to get automatic payments working by myself

The bitcoin JSON API is pretty easy to work with... what language are you using?

Im not trying to run a scam and that is why I am open with my intension for the future. If someone wants to go and copy me go ahead that just means my idea was good. "Imitation is the sincerest form of flattery".
How would you recommend I improve my rep?