More opinions, comments?
Is a lottery something you would like to see?
Almost have a live demo ready for view, keep checking in!
Demo will be live at demo.megabits.org soon; our launch date is still set for the first (second at the latest) week of March.
Topic: Coming Soon: MegaBits Lottery -- first 100 people get 1 ticket! (Read 1065 times)
February 09, 2015, 03:59:08 PM
you plan it will be one prize? or more - 5 prizes 5 btc 1 to 10 btc e.g.
At launch and for the near future it will be one prize. If popularity increases more prizes will come along with it. We could even do something like 1 draw a day!
You will get your tickets once the site goes live (as long as you use the same email to register).
This is one of the many promotional-type 'offers' that our email 'subscribers' would receive.
Doing this will mean there will already be a 1 btc pot guaranteed at the launch of the site, keep that in mind as well!
Any other questions or comments please feel free to ask.
This is well explained answer I think many things are cleared after reading these lines above. Best of luck for your business as well as to participants and I will be one of them as well .
Great, thanks a lot! I'm really excited about getting this up and running; I've had this idea for almost a year now.
February 09, 2015, 06:54:26 AM
you plan it will be one prize? or more - 5 prizes 5 btc 1 to 10 btc e.g.
At launch and for the near future it will be one prize. If popularity increases more prizes will come along with it. We could even do something like 1 draw a day!
You will get your tickets once the site goes live (as long as you use the same email to register).
This is one of the many promotional-type 'offers' that our email 'subscribers' would receive.
Doing this will mean there will already be a 1 btc pot guaranteed at the launch of the site, keep that in mind as well!
Any other questions or comments please feel free to ask.
This is well explained answer I think many things are cleared after reading these lines above. Best of luck for your business as well as to participants and I will be one of them as well .
February 09, 2015, 05:28:57 AM
you plan it will be one prize? or more - 5 prizes 5 btc 1 to 10 btc e.g.
At launch and for the near future it will be one prize. If popularity increases more prizes will come along with it. We could even do something like 1 draw a day!
You will get your tickets once the site goes live (as long as you use the same email to register).
This is one of the many promotional-type 'offers' that our email 'subscribers' would receive.
Doing this will mean there will already be a 1 btc pot guaranteed at the launch of the site, keep that in mind as well!
Any other questions or comments please feel free to ask.
February 09, 2015, 05:07:48 AM
Done subscribe
waiting for the ticket sir
when it will release ?
waiting for the ticket sir
when it will release ?
February 09, 2015, 04:58:49 AM
I think this is not a ponzi scheme, but we gonna see... 
February 09, 2015, 04:58:18 AM
Did anyone subscribe to the mailing list for the free ticket ? did you guys get one ?
waiting for some other guy to tried this first before i subscribe to this one, anyone can clarify that he get one of this?
February 09, 2015, 04:19:49 AM
Did anyone subscribe to the mailing list for the free ticket ? did you guys get one ?
February 09, 2015, 04:07:19 AM
you plan it will be one prize? or more - 5 prizes 5 btc 1 to 10 btc e.g.
February 09, 2015, 01:39:32 AM
"Is this fair?
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
Good point, any internet lottery should be provably fair.
E.g. ticket numbers coud be generated from txid, winning number could come from some established national lottery... something like this
True, I have yet to see a provably fair draw system, which is why lotteries are not so popular. Also, gambler prefer live gaming instead of having to wait for the results.
February 09, 2015, 01:38:54 AM
"Is this fair?
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
Good point, any internet lottery should be provably fair.
E.g. ticket numbers coud be generated from txid, winning number could come from some established national lottery... something like this
I agree.
I will post the final way that we generate winners once we get done with everything.
Is there anything else that would be detrimental to user participation?
Comments, please?
Also: Thanks to the 10 people that have subscribed so far!
Your interest means a lot to me.
February 08, 2015, 07:37:40 PM
"Is this fair?
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
Good point, any internet lottery should be provably fair.
E.g. ticket numbers coud be generated from txid, winning number could come from some established national lottery... something like this
February 08, 2015, 03:00:33 PM
All technical information will be released once the site is live, as things will be changing heavily before then.
Don't worry, you will have this information at some point. Thank you for your comments!
Don't worry, you will have this information at some point. Thank you for your comments!
February 08, 2015, 05:31:04 AM
Can you give the detail of the specific algorithm?
February 08, 2015, 05:21:31 AM
"Is this fair?
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
OP, you need to tell us the exact algorithm in selecting the winner, and make it a provably fair mechanism.
February 08, 2015, 05:16:07 AM
"Is this fair?
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
February 07, 2015, 11:56:46 PM
Also, once we get 100 subscribers the first email will be sent out with a secret ('subscriber only') promotional offer!
February 07, 2015, 11:55:02 PM
So this is basicly a BTC lottery?
You are correct!
Is there an "edge" for the house?
Nope! In order to generate revenue for the site to pay for expenses (advertising, hosting, etc.), we take 1% of each ticket purchase.
Nope! In order to generate revenue for the site to pay for expenses (advertising, hosting, etc.), we take 1% of each ticket purchase.
Did you change your mind in the time it takes to answer the question, or really just not understand the concept of a house edge?
Well, I assume that if I gave myself a 5% chance of winning vs everyone else having only a 1% chance of winning, without purchasing a single ticket, I would have an edge and I am considered the house, correct?
Or do I have something wrong? If so please elaborate.
Is there an "edge" for the house?
Nope! In order to generate revenue for the site to pay for expenses (advertising, hosting, etc.), we take 1% of each ticket purchase.
Nope! In order to generate revenue for the site to pay for expenses (advertising, hosting, etc.), we take 1% of each ticket purchase.
Did you change your mind in the time it takes to answer the question, or really just not understand the concept of a house edge?
Well they are not out of idea to promoting ponzi.
They keep finding a best phrase to attract more investor
I don't understand your comment.
I'm in!
But this sign-up form is illegible, grey letters on light blue background are almost invisible
But this sign-up form is illegible, grey letters on light blue background are almost invisible
I know, and I'm sorry about that.
I'll edit it asap.
As stated in the OP as well I am new to all of this.
I've done a fair amount of research, hired a freelancer to code the site, etc.
But, I don't really know anything else about it.
February 07, 2015, 11:55:33 AM
I'm in!
But this sign-up form is illegible, grey letters on light blue background are almost invisible
But this sign-up form is illegible, grey letters on light blue background are almost invisible
February 07, 2015, 09:40:10 AM
Is there an "edge" for the house?
Nope! In order to generate revenue for the site to pay for expenses (advertising, hosting, etc.), we take 1% of each ticket purchase.
Nope! In order to generate revenue for the site to pay for expenses (advertising, hosting, etc.), we take 1% of each ticket purchase.
Did you change your mind in the time it takes to answer the question, or really just not understand the concept of a house edge?
Well they are not out of idea to promoting ponzi.
They keep finding a best phrase to attract more investor
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