★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1688.

creativecuriosity

full member

Activity: 182

Merit: 100

DGB.Get-By.com Admin

Quote from: Johnster03 on January 22, 2014, 07:41:54 AM

Quote from: zaloultra on January 22, 2014, 04:17:34 AM

Quote from: Johnster03 on January 22, 2014, 02:17:29 AM

Quote from: zaloultra on January 21, 2014, 02:09:04 PM

Quote from: Johnster03 on January 21, 2014, 01:56:38 PM

Quote from: DigiByte on January 21, 2014, 01:42:11 PM

If anyone has a great idea on to what the best way to do the lottery is please let us know. We ourselves were thinking of a fair & transparent way to do this.

1. Payout at least 95%
2. Only accept tickets from users here in the board that created an account more than 2 weeks ago (otherwise the creator of the lottery could easily set up a new account himself that wins)
3. Let digibyte announce the winner
4. Reveal how the draw will be done to prove randomness

1. Why not make it 101% payout

2. Great - so about 3 people will buy tickets??
3. He is now.
4. Yeah, put it on CNN

Grin

Any of those dice games or bet races give me a higher chance to win, so no reason for me and many others to participate. The USDE lottery even paid out more than that. Wink

And I believe that all of my 4 points are valid points, but your replies have shown that you do not want to take them serious and even made fun about it, so my little trust in this is now completely gone.

Maybe, I will start my own lottery where all those 4 points will apply.

I can't see that you even have a single valid point, all I see is that you would like to steal my idea. Please stop trolling, your close to being a Gingermod2.

Those dice games are set up for ALL of you to lose against the "house". They are meant to be played again and again and again in a short period of time and you lose a little almost all the time. If you play that boring dicegame for an hour you will probably have lost 95% of your funds - giving a payout in real termes of 5%. Play the dicegame with 50,000 DGB for an hour and your left with 2,500 DGB, making a loss of 47,500. Any of those dicegames or bet races will make you broke.

Play the DigiByte Lottery on the other hand and you may win up to 300,000 DGB.

Dice games have an house edge of 2-4%, means an 48% that doubles your bet, so the expected outcome is 0.92-0.96DGB for each 1 DGB bet.You are offering a payout of 80%, so the expected outcome is 0.8DGB for each DGB that I bet.

It is simple as that. Neither dice games, nor your lottery makes anyone richer on average, but yours is even worse. truin was so nice to do the above calculation in detail.

By the way, I am not stealing your idea. You are stealing the idea from the USDE board. I wonder why DigiByte even trusts you - would not be surprised if you just keep all the DGB without drawing anything with those kind of respect-less posts in this thread.

As the last couple of pages filled this thread with this pointless and scammy-looking lottery, it damages even the reputation of this coin. And if you take a closer look into my signature, you can be assured that I only want the best for this currency.

The next time I see the Dev around in the IRC, I will encourage him to stop promoting this lottery the way it is. I really see my support for this coin at risk if DigiByte keeps supporting this.

As far as I know, DigiByte/Tate/The Devs do not support the Lottery. There was a request for them to roll the random number and they agreed figuring some oversight is better than no oversight. That was, of coarse, before this whole tirade Sad

Johnster03

newbie

Activity: 28

Merit: 0

Quote from: zaloultra on January 22, 2014, 04:17:34 AM

Quote from: Johnster03 on January 22, 2014, 02:17:29 AM

Quote from: zaloultra on January 21, 2014, 02:09:04 PM

Quote from: Johnster03 on January 21, 2014, 01:56:38 PM

Quote from: DigiByte on January 21, 2014, 01:42:11 PM

If anyone has a great idea on to what the best way to do the lottery is please let us know. We ourselves were thinking of a fair & transparent way to do this.

1. Payout at least 95%
2. Only accept tickets from users here in the board that created an account more than 2 weeks ago (otherwise the creator of the lottery could easily set up a new account himself that wins)
3. Let digibyte announce the winner
4. Reveal how the draw will be done to prove randomness

1. Why not make it 101% payout

2. Great - so about 3 people will buy tickets??
3. He is now.
4. Yeah, put it on CNN

Grin

Any of those dice games or bet races give me a higher chance to win, so no reason for me and many others to participate. The USDE lottery even paid out more than that. Wink

And I believe that all of my 4 points are valid points, but your replies have shown that you do not want to take them serious and even made fun about it, so my little trust in this is now completely gone.

Maybe, I will start my own lottery where all those 4 points will apply.

I can't see that you even have a single valid point, all I see is that you would like to steal my idea. Please stop trolling, your close to being a Gingermod2.

Those dice games are set up for ALL of you to lose against the "house". They are meant to be played again and again and again in a short period of time and you lose a little almost all the time. If you play that boring dicegame for an hour you will probably have lost 95% of your funds - giving a payout in real termes of 5%. Play the dicegame with 50,000 DGB for an hour and your left with 2,500 DGB, making a loss of 47,500. Any of those dicegames or bet races will make you broke.

Play the DigiByte Lottery on the other hand and you may win up to 300,000 DGB.

Dice games have an house edge of 2-4%, means an 48% that doubles your bet, so the expected outcome is 0.92-0.96DGB for each 1 DGB bet.You are offering a payout of 80%, so the expected outcome is 0.8DGB for each DGB that I bet.

It is simple as that. Neither dice games, nor your lottery makes anyone richer on average, but yours is even worse. truin was so nice to do the above calculation in detail.

By the way, I am not stealing your idea. You are stealing the idea from the USDE board. I wonder why DigiByte even trusts you - would not be surprised if you just keep all the DGB without drawing anything with those kind of respect-less posts in this thread.

As the last couple of pages filled this thread with this pointless and scammy-looking lottery, it damages even the reputation of this coin. And if you take a closer look into my signature, you can be assured that I only want the best for this currency.

The next time I see the Dev around in the IRC, I will encourage him to stop promoting this lottery the way it is. I really see my support for this coin at risk if DigiByte keeps supporting this.

zaloultra

member

Activity: 84

Merit: 10

Quote from: tyson187 on January 22, 2014, 07:26:19 AM

Quote from: zaloultra on January 22, 2014, 07:10:17 AM

Quote from: truin on January 22, 2014, 07:05:24 AM

Quote from: zaloultra on January 22, 2014, 06:56:44 AM

Quote from: truin on January 22, 2014, 06:45:06 AM

Quote from: zaloultra on January 22, 2014, 05:23:51 AM

Oh, so it IS an official lottery of DGB Devs and your not making any profit at all on the lottery?

Lol, I never claimed I did this for free. People should get something for putting in a lot of time and effort - do you work for free?? Even the guy who did the German "translation" on Google translate got paid 250,000 DGB for his 5 min. of "work".

The dicegames and bet races are complete ripoffs though. In comparison I believe the lottery is fair as it now stands considering risk/reward

The point of lotteries usually is that the prize pool is so big that it will have a significant impact on the players life if he hits the jackpot. For example you get a chance to win 10 000 000 x bet even if the organizer cuts 50% of the pool. Now from your lottery if you hit a jackpot you get a massive 75x your bet which is a real game changer.

Disclaimer: I'm not affiliated with that dieroll place in any way, it's also a -EV game and should be avoided.

If I wanted to gamble for similar sized "jackpot" I would take my bet and decide to flip it 6 times in that dieroll place. If a flip fails I'll just stop playing and move on.

So I would run like this:
bet x 2, 2 x bet x 2, 4 x bet x 2, 8 x bet x 2, 16 x bet x 2, 32 x bet x 2 = 64 x bet
Note that if any of the flips fail, that's it. You didn't win the jackpot and you lost your money, time to move on. Do not even think of devising a "surefire system" as such does not exist.

How high is the chance to nail 6 consecutive slightly rigged flips? I'm assuming 0.5% house edge.
chanceToWin = (49.75%/100%)^6 x 100% = 1.5162%

How high is the return % on this kind of a gamble?
prize x chanceToWin / bet = 64 x bet x 0.015162 / bet = 97.0368%

Your lottery's return % (I'll demonstrate this with 150 player pool)
(300 000 + 120 000 + 60 000)/3 x 3/150 / 4 000
480 000 / 150 / 4 000 = 80%

So which form of gamble has a fairer risk/reward ratio? (both are -EV games and should be avoided IMHO)
Your lottery or slightly rigged die roll game with preset amount of rolls and bet doubling?

If you are going to provide some kind of a gambling service, never, ever start talking about fairness, risk/reward ratios or call your competition a scam to your customers. Your bullshit will be called out quite swiftly and quite often there are fairer ways to gamble. I wouldn't have posted this if you didn't start blabbing about the aforementioned things.

I can see your promoting this scam hard with your lies and bullshit LOL. Any sane person knows the dicegame is a huge lossmaker for anyone that plays it.
It's a scam straighforward.

Did you comprehend what I wrote? Both the dice game and your lottery have -Expected Value from the players perspective
-> You shouldn't play either of the games
Now when you accuse your competition a scam, especially when it's actually a shitload fairer than your provided gambling service, you show how big of a sleazebag you are.

Promoting and spreading lies about the wortless dicegame scam makes you a bandit highway robber AND a sleazebag. LOL

he is just telling the truth "the house always wins " ,and you call him a bandit highway robber ,you must be retarded

You dicegame people are so full of shit. Why don't you get a real job instead of tricking people out of their funds and only make yourselves Rich. You only think about yourselves you psychopathic highway robbers. Quit your lies and veiled threats you naste scumbags. Your like the mafia.

krak3n

member

Activity: 61

Merit: 10

I love this coin, its got developers and interest, but I've got major issues with your "official mascot". That's just some random clipart robot, you can't claim him as a mascot. As anyone with $5 can buy that robots image.

tyson187

hero member

Activity: 644

Merit: 500

Quote from: zaloultra on January 22, 2014, 07:10:17 AM

Quote from: truin on January 22, 2014, 07:05:24 AM

Quote from: zaloultra on January 22, 2014, 06:56:44 AM

Quote from: truin on January 22, 2014, 06:45:06 AM

Quote from: zaloultra on January 22, 2014, 05:23:51 AM

Oh, so it IS an official lottery of DGB Devs and your not making any profit at all on the lottery?

Lol, I never claimed I did this for free. People should get something for putting in a lot of time and effort - do you work for free?? Even the guy who did the German "translation" on Google translate got paid 250,000 DGB for his 5 min. of "work".

The dicegames and bet races are complete ripoffs though. In comparison I believe the lottery is fair as it now stands considering risk/reward

The point of lotteries usually is that the prize pool is so big that it will have a significant impact on the players life if he hits the jackpot. For example you get a chance to win 10 000 000 x bet even if the organizer cuts 50% of the pool. Now from your lottery if you hit a jackpot you get a massive 75x your bet which is a real game changer.

Disclaimer: I'm not affiliated with that dieroll place in any way, it's also a -EV game and should be avoided.

If I wanted to gamble for similar sized "jackpot" I would take my bet and decide to flip it 6 times in that dieroll place. If a flip fails I'll just stop playing and move on.

So I would run like this:
bet x 2, 2 x bet x 2, 4 x bet x 2, 8 x bet x 2, 16 x bet x 2, 32 x bet x 2 = 64 x bet
Note that if any of the flips fail, that's it. You didn't win the jackpot and you lost your money, time to move on. Do not even think of devising a "surefire system" as such does not exist.

How high is the chance to nail 6 consecutive slightly rigged flips? I'm assuming 0.5% house edge.
chanceToWin = (49.75%/100%)^6 x 100% = 1.5162%

How high is the return % on this kind of a gamble?
prize x chanceToWin / bet = 64 x bet x 0.015162 / bet = 97.0368%

Your lottery's return % (I'll demonstrate this with 150 player pool)
(300 000 + 120 000 + 60 000)/3 x 3/150 / 4 000
480 000 / 150 / 4 000 = 80%

So which form of gamble has a fairer risk/reward ratio? (both are -EV games and should be avoided IMHO)
Your lottery or slightly rigged die roll game with preset amount of rolls and bet doubling?

If you are going to provide some kind of a gambling service, never, ever start talking about fairness, risk/reward ratios or call your competition a scam to your customers. Your bullshit will be called out quite swiftly and quite often there are fairer ways to gamble. I wouldn't have posted this if you didn't start blabbing about the aforementioned things.

I can see your promoting this scam hard with your lies and bullshit LOL. Any sane person knows the dicegame is a huge lossmaker for anyone that plays it.
It's a scam straighforward.

Did you comprehend what I wrote? Both the dice game and your lottery have -Expected Value from the players perspective
-> You shouldn't play either of the games
Now when you accuse your competition a scam, especially when it's actually a shitload fairer than your provided gambling service, you show how big of a sleazebag you are.

Promoting and spreading lies about the wortless dicegame scam makes you a bandit highway robber AND a sleazebag. LOL

he is just telling the truth "the house always wins " ,and you call him a bandit highway robber ,you must be retarded

truin

newbie

Activity: 8

Merit: 0

Quote from: zaloultra on January 22, 2014, 07:10:17 AM

Promoting and spreading lies about the wortless dicegame scam makes you a bandit highway robber AND a sleazebag. LOL

I'm not affiliated with the dice game in any way. The dice game is a scam if it doesn't allow people to withdraw their coins from the service, and I haven't seen such posts. Same goes for your lottery, if you run with the ticket money or don't pay out the wins after the lottery your service is a scam.

It's really stupid to accuse a form of gambling a scam if it really isn't one. If you started running a lottery in Las Vegas and started shouting that the casinos are scams because they always win in the long run what would you expect to happen? You'd get sued for libel.

zaloultra

member

Activity: 84

Merit: 10

Quote from: creativecuriosity on January 22, 2014, 07:16:35 AM

Ok Ok Ok.

Enough "sleazebags" and hate, please Cry

I honestly absolutely love the idea of you doing a lottery. I really do!

When I first read it, I considering buying a ticket myself just for an excuse to pop it back to the top of the sub-forum.

It wasn't until I noticed that the title and colors and wording made it look exactly like the main thread that it started to worry me!

What is so hard about being on the up-and-up and making sure there isn't any connotations of "official" support???

THAT started to worry you, thats half the point, so that potential new adopters of the coin would recognize the logos and colors as the thread would pop up in the
"Alternate cryptocurrencies" section. I think you have misunderstood this whole concept.

creativecuriosity

full member

Activity: 182

Merit: 100

DGB.Get-By.com Admin

Ok Ok Ok.

Enough "sleazebags" and hate, please Cry

I honestly absolutely love the idea of you doing a lottery. I really do!

When I first read it, I considering buying a ticket myself just for an excuse to pop it back to the top of the sub-forum.

It wasn't until I noticed that the title and colors and wording made it look exactly like the main thread that it started to worry me!

What is so hard about being on the up-and-up and making sure there isn't any connotations of "official" support???

zaloultra

member

Activity: 84

Merit: 10

Quote from: truin on January 22, 2014, 07:05:24 AM

Quote from: zaloultra on January 22, 2014, 06:56:44 AM

Quote from: truin on January 22, 2014, 06:45:06 AM

Quote from: zaloultra on January 22, 2014, 05:23:51 AM

Oh, so it IS an official lottery of DGB Devs and your not making any profit at all on the lottery?

Lol, I never claimed I did this for free. People should get something for putting in a lot of time and effort - do you work for free?? Even the guy who did the German "translation" on Google translate got paid 250,000 DGB for his 5 min. of "work".

The dicegames and bet races are complete ripoffs though. In comparison I believe the lottery is fair as it now stands considering risk/reward

The point of lotteries usually is that the prize pool is so big that it will have a significant impact on the players life if he hits the jackpot. For example you get a chance to win 10 000 000 x bet even if the organizer cuts 50% of the pool. Now from your lottery if you hit a jackpot you get a massive 75x your bet which is a real game changer.

Disclaimer: I'm not affiliated with that dieroll place in any way, it's also a -EV game and should be avoided.

If I wanted to gamble for similar sized "jackpot" I would take my bet and decide to flip it 6 times in that dieroll place. If a flip fails I'll just stop playing and move on.

So I would run like this:
bet x 2, 2 x bet x 2, 4 x bet x 2, 8 x bet x 2, 16 x bet x 2, 32 x bet x 2 = 64 x bet
Note that if any of the flips fail, that's it. You didn't win the jackpot and you lost your money, time to move on. Do not even think of devising a "surefire system" as such does not exist.

How high is the chance to nail 6 consecutive slightly rigged flips? I'm assuming 0.5% house edge.
chanceToWin = (49.75%/100%)^6 x 100% = 1.5162%

How high is the return % on this kind of a gamble?
prize x chanceToWin / bet = 64 x bet x 0.015162 / bet = 97.0368%

Your lottery's return % (I'll demonstrate this with 150 player pool)
(300 000 + 120 000 + 60 000)/3 x 3/150 / 4 000
480 000 / 150 / 4 000 = 80%

So which form of gamble has a fairer risk/reward ratio? (both are -EV games and should be avoided IMHO)
Your lottery or slightly rigged die roll game with preset amount of rolls and bet doubling?

If you are going to provide some kind of a gambling service, never, ever start talking about fairness, risk/reward ratios or call your competition a scam to your customers. Your bullshit will be called out quite swiftly and quite often there are fairer ways to gamble. I wouldn't have posted this if you didn't start blabbing about the aforementioned things.

I can see your promoting this scam hard with your lies and bullshit LOL. Any sane person knows the dicegame is a huge lossmaker for anyone that plays it.
It's a scam straighforward.

Did you comprehend what I wrote? Both the dice game and your lottery have -Expected Value from the players perspective
-> You shouldn't play either of the games
Now when you accuse your competition a scam, especially when it's actually a shitload fairer than your provided gambling service, you show how big of a sleazebag you are.

Promoting and spreading lies about the wortless dicegame scam makes you a bandit highway robber AND a sleazebag. LOL

truin

newbie

Activity: 8

Merit: 0

Quote from: zaloultra on January 22, 2014, 06:56:44 AM

Quote from: truin on January 22, 2014, 06:45:06 AM

Quote from: zaloultra on January 22, 2014, 05:23:51 AM

Oh, so it IS an official lottery of DGB Devs and your not making any profit at all on the lottery?

Lol, I never claimed I did this for free. People should get something for putting in a lot of time and effort - do you work for free?? Even the guy who did the German "translation" on Google translate got paid 250,000 DGB for his 5 min. of "work".

The dicegames and bet races are complete ripoffs though. In comparison I believe the lottery is fair as it now stands considering risk/reward

The point of lotteries usually is that the prize pool is so big that it will have a significant impact on the players life if he hits the jackpot. For example you get a chance to win 10 000 000 x bet even if the organizer cuts 50% of the pool. Now from your lottery if you hit a jackpot you get a massive 75x your bet which is a real game changer.

Disclaimer: I'm not affiliated with that dieroll place in any way, it's also a -EV game and should be avoided.

If I wanted to gamble for similar sized "jackpot" I would take my bet and decide to flip it 6 times in that dieroll place. If a flip fails I'll just stop playing and move on.

So I would run like this:
bet x 2, 2 x bet x 2, 4 x bet x 2, 8 x bet x 2, 16 x bet x 2, 32 x bet x 2 = 64 x bet
Note that if any of the flips fail, that's it. You didn't win the jackpot and you lost your money, time to move on. Do not even think of devising a "surefire system" as such does not exist.

How high is the chance to nail 6 consecutive slightly rigged flips? I'm assuming 0.5% house edge.
chanceToWin = (49.75%/100%)^6 x 100% = 1.5162%

How high is the return % on this kind of a gamble?
prize x chanceToWin / bet = 64 x bet x 0.015162 / bet = 97.0368%

Your lottery's return % (I'll demonstrate this with 150 player pool)
(300 000 + 120 000 + 60 000)/3 x 3/150 / 4 000
480 000 / 150 / 4 000 = 80%

So which form of gamble has a fairer risk/reward ratio? (both are -EV games and should be avoided IMHO)
Your lottery or slightly rigged die roll game with preset amount of rolls and bet doubling?

If you are going to provide some kind of a gambling service, never, ever start talking about fairness, risk/reward ratios or call your competition a scam to your customers. Your bullshit will be called out quite swiftly and quite often there are fairer ways to gamble. I wouldn't have posted this if you didn't start blabbing about the aforementioned things.

I can see your promoting this scam hard with your lies and bullshit LOL. Any sane person knows the dicegame is a huge lossmaker for anyone that plays it.
It's a scam straighforward.

Did you comprehend what I wrote? Both the dice game and your lottery have -Expected Value from the players perspective
-> You shouldn't play either of the games
Now when you accuse your competition a scam, especially when it's actually a shitload fairer than your provided gambling service, you show how big of a sleazebag you are.

zaloultra

member

Activity: 84

Merit: 10

Quote from: Nocturnal2112 on January 22, 2014, 06:58:44 AM

How in the hell did the equivalent of a "digital raffle" meant to generate some interest in the coin, turn into a full blown argument over it's legitimacy, and odds? When you buy a raffle ticket for $5 do you question who is drawing the ticket, or what the odds are? It's a damn raffle...buy in or don't...Jesus.

Lotteries could get more people interested in DigiByte, especially if the prizes were even bigger. But the community isn't big enough for that yet.

sammy007

legendary

Activity: 1904

Merit: 1003

Quote from: xabrabris on January 22, 2014, 06:59:55 AM

Quote from: sammy007 on January 22, 2014, 06:33:24 AM

Have we ever wrote to Coins-E? Can't remember. It's currently a bit lifeless.

I quote from https://anoncoin.net//Exchanges.html

"This is a risky exchange that either works, or simply steals your coins. For this reason use of coins-e is Not Recommended."

Ok, thx.

Probably, we can give a chance to Comkort. At least website looking solid.

xabrabris

newbie

Activity: 13

Merit: 0

Quote from: sammy007 on January 22, 2014, 06:33:24 AM

Have we ever wrote to Coins-E? Can't remember. It's currently a bit lifeless.

I quote from https://anoncoin.net//Exchanges.html

"This is a risky exchange that either works, or simply steals your coins. For this reason use of coins-e is Not Recommended."

Nocturnal2112

member

Activity: 98

Merit: 10

How in the hell did the equivalent of a "digital raffle" meant to generate some interest in the coin, turn into a full blown argument over it's legitimacy, and odds? When you buy a raffle ticket for $5 do you question who is drawing the ticket, or what the odds are? It's a damn raffle...buy in or don't...Jesus.

zaloultra

member

Activity: 84

Merit: 10

Quote from: truin on January 22, 2014, 06:45:06 AM

Quote from: zaloultra on January 22, 2014, 05:23:51 AM

Oh, so it IS an official lottery of DGB Devs and your not making any profit at all on the lottery?

Lol, I never claimed I did this for free. People should get something for putting in a lot of time and effort - do you work for free?? Even the guy who did the German "translation" on Google translate got paid 250,000 DGB for his 5 min. of "work".

The dicegames and bet races are complete ripoffs though. In comparison I believe the lottery is fair as it now stands considering risk/reward

The point of lotteries usually is that the prize pool is so big that it will have a significant impact on the players life if he hits the jackpot. For example you get a chance to win 10 000 000 x bet even if the organizer cuts 50% of the pool. Now from your lottery if you hit a jackpot you get a massive 75x your bet which is a real game changer.

Disclaimer: I'm not affiliated with that dieroll place in any way, it's also a -EV game and should be avoided.

If I wanted to gamble for similar sized "jackpot" I would take my bet and decide to flip it 6 times in that dieroll place. If a flip fails I'll just stop playing and move on.

So I would run like this:
bet x 2, 2 x bet x 2, 4 x bet x 2, 8 x bet x 2, 16 x bet x 2, 32 x bet x 2 = 64 x bet
Note that if any of the flips fail, that's it. You didn't win the jackpot and you lost your money, time to move on. Do not even think of devising a "surefire system" as such does not exist.

How high is the chance to nail 6 consecutive slightly rigged flips? I'm assuming 0.5% house edge.
chanceToWin = (49.75%/100%)^6 x 100% = 1.5162%

How high is the return % on this kind of a gamble?
prize x chanceToWin / bet = 64 x bet x 0.015162 / bet = 97.0368%

Your lottery's return % (I'll demonstrate this with 150 player pool)
(300 000 + 120 000 + 60 000)/3 x 3/150 / 4 000
480 000 / 150 / 4 000 = 80%

So which form of gamble has a fairer risk/reward ratio? (both are -EV games and should be avoided IMHO)
Your lottery or slightly rigged die roll game with preset amount of rolls and bet doubling?

If you are going to provide some kind of a gambling service, never, ever start talking about fairness, risk/reward ratios or call your competition a scam to your customers. Your bullshit will be called out quite swiftly and quite often there are fairer ways to gamble. I wouldn't have posted this if you didn't start blabbing about the aforementioned things.

I can see your promoting this scam hard with your lies and bullshit LOL. Any sane person knows the dicegame is a huge lossmaker for anyone that plays it.
It's a scam straighforward.

creativecuriosity

full member

Activity: 182

Merit: 100

DGB.Get-By.com Admin

Quote from: zaloultra on January 22, 2014, 06:20:43 AM

Quote from: creativecuriosity on January 22, 2014, 06:13:00 AM

Quote from: zaloultra on January 22, 2014, 06:07:07 AM

Quote from: creativecuriosity on January 22, 2014, 06:02:39 AM

Quote from: zaloultra on January 22, 2014, 05:55:03 AM

Quote from: creativecuriosity on January 22, 2014, 05:32:44 AM

Quote from: zaloultra on January 22, 2014, 05:23:51 AM

Oh, so it IS an official lottery of DGB Devs and your not making any profit at all on the lottery?

Lol, I never claimed I did this for free. People should get something for putting in a lot of time and effort - do you work for free?? Even the guy who did the German "translation" on Google translate got paid 250,000 DGB for his 5 min. of "work".

The dicegames and bet races are complete ripoffs though. In comparison I believe the lottery is fair as it now stands considering risk/reward

That is all good and fine, but you are making 20% profit if my math serves me. Welcome to capitalism, that is not my primary concern.

My primary concern is that this is NOT an OFFICIAL DigiByte Lottery and you are MISLEADING in your title of the lottery as THE DigiByte Lottery.

Please correct any misleading statements about Dev support, involvement, or the OFFICIAL status of this lottery. The Devs accepting an offer to roll a random number for the draw does NOT = official or support.

And that includes in your OP post @ topic: 423204.

What would you call it then, I don't really see the problem. The dev team haven't complained. It's THE lottery on the DigiByte thread. This isn't North Korea you know, where the leaders do and decide EVERYTHING.

The first 21 characters of the thread title are IDENTICAL to the OP launch post for this coin. That is misleading at best, fraudulent at worst. There needs to be a large unmistakable statement at the top of your thread and posts declaring that the lottery is NOT official.

The Devs are currently busy working on, wait for it......... Developing. I am certain you will see a comment in the near future asking similar changes for them. In the meantime, if it doesn't change in the next ten minutes I am reporting it to the moderators of this sub-forum.

It isn't personal, look at my other posts. I tend to be a positive person. There is just too much potential for abuse in this situation.

Are you for real, you crack me up LOL. Do whatever you want. I'm not changing anything. Do your worst LOL. Could be worth a laugh.

I don't see anything wrong with the current format.

I'm somewhat dis-heartened by the levity of your comments. There have been a great number of scams and thefts in this community and it should not be taken lightly or in jest.

I have reluctantly reported your thread, despite the fact that I absolutely love it when people want to promote this coin, even if it is for monetary gain.

If you want to complain about something, complain about the ripoff dicegames. That's a complete scam whatever way you look at it. This is mainly for fun and for promoting the coin and for creating some excitement and buzz for the coin.

Btw. the devs aren't THAT bussy, they comment here all the time, he has also commented on the lottery.
I dont really get your resentment for the lottery, are you a part of the dicegame scam or something??

I own no dice game sites or gambling businesses whatsoever. I have simply been participating in this thread since before the launch of DigiBytes and care that some of the people I have grown to enjoy their company have the potential to be robbed.

sammy007

legendary

Activity: 1904

Merit: 1003

Quote from: zaloultra on January 22, 2014, 06:51:32 AM

DigiByte Lottery

You finally got me, stop spammin 2 times per page with your shitscamlottery.

zaloultra

member

Activity: 84

Merit: 10

DigiByte Lottery

Welcome to the first ever DigiByte Digi-Lottery.

Tickets sold: 24

Tickets left: 126

Here is your chance to win up to 300000 DGB if all tickets are sold.

Prizes!
1st price - 50% of the prize pool (300,000 DGB if all tickets are sold)
2st price - 20% of the prize pool (120,000 DGB if all tickets are sold)
3rd price - 10% of the prize pool (60,000 DGB if all tickets are sold)

How will the lottery be done

• A dedicated new account/wallet will be used for this purpose only. Payment for tickets and winnings will be paid from same wallet.
• When 150 tickets are sold I will take the amount of tickets and correspond them with the paymentaddress used.
• If less than 150 tickets have been sold within 5 days, the lottery will start regardless. If less than 5 tickets are sold, the lottery will be cancelled and fully refunded.
• I will use a randomizer from 1 to a 150 (if the number of tickets sold are less than a hundred, say 64, then the randomizer will be set to draw from 1 to 64 and so on).
• Each ticket will cost 4000 DGB. Pay to this address DEB9iMJzdkFa8FWsRVabzUzuJLfaEVk746
• Notify your payment and number of tickets at this thread ➜ https://bitcointalksearch.org/topic/closed-423204

Lottery drawing will take place on Friday the 24th or when all tickets are sold out.
GOOD LUCK!!!!!!

Edit: The dev Mr. DigiByte has agreed to draw first prize. I will send the info to him before he draws it. Completely transparent and now with the participation of the devs.
Edit: I have raised First Prize to a whopping 300,000 DGB to make the DigiByte Lottery even more exciting.

On another note. Don't waste your Digi's on a worthless dicegame. It's a complete ripoff. Those dice games are set up for ALL of you to lose against the "house". They are meant to be played again and again and again in a short period of time and you lose a little almost all the time. If you play that boring dicegame for an hour you will probably have lost 95% of your funds - giving a payout in real termes of 5%. Play the dicegame with 50,000 DGB for an hour and your left with 2,500 DGB, making a loss of 47,500.
Any of those dicegames or bet races will make you broke.

Play the DigiByte Lottery on the other hand and you may win up to 300,000 DGB Grin

eboard10

sr. member

Activity: 261

Merit: 250

Quote from: creativecuriosity on January 22, 2014, 06:28:40 AM

Quote from: esotericizm on January 22, 2014, 06:27:22 AM

usually paypal won't deal with crypto's at all Sad

The problem is that crypto's are nearly instant and non-reversible. Where-as PayPal is reversible.

I see. Well, as long as it accepts wire transfers I'm happy, SEPA would be nice too.

truin

newbie

Activity: 8

Merit: 0

Quote from: zaloultra on January 22, 2014, 05:23:51 AM

Oh, so it IS an official lottery of DGB Devs and your not making any profit at all on the lottery?

Lol, I never claimed I did this for free. People should get something for putting in a lot of time and effort - do you work for free?? Even the guy who did the German "translation" on Google translate got paid 250,000 DGB for his 5 min. of "work".

The dicegames and bet races are complete ripoffs though. In comparison I believe the lottery is fair as it now stands considering risk/reward

The point of lotteries usually is that the prize pool is so big that it will have a significant impact on the players life if he hits the jackpot. For example you get a chance to win 10 000 000 x bet even if the organizer cuts 50% of the pool. Now from your lottery if you hit a jackpot you get a massive 75x your bet which is a real game changer.

Disclaimer: I'm not affiliated with that dieroll place in any way, it's also a -EV game and should be avoided.

If I wanted to gamble for similar sized "jackpot" I would take my bet and decide to flip it 6 times in that dieroll place. If a flip fails I'll just stop playing and move on.

So I would run like this:
bet x 2, 2 x bet x 2, 4 x bet x 2, 8 x bet x 2, 16 x bet x 2, 32 x bet x 2 = 64 x bet
Note that if any of the flips fail, that's it. You didn't win the jackpot and you lost your money, time to move on. Do not even think of devising a "surefire system" as such does not exist.

How high is the chance to nail 6 consecutive slightly rigged flips? I'm assuming 0.5% house edge.
chanceToWin = (49.75%/100%)^6 x 100% = 1.5162%

How high is the return % on this kind of a gamble?
prize x chanceToWin / bet = 64 x bet x 0.015162 / bet = 97.0368%

Your lottery's return % (I'll demonstrate this with 150 player pool)
(300 000 + 120 000 + 60 000)/3 x 3/150 / 4 000
480 000 / 150 / 4 000 = 80%

So which form of gamble has a fairer risk/reward ratio? (both are -EV games and should be avoided IMHO)
Your lottery or slightly rigged die roll game with preset amount of rolls and bet doubling?

If you are going to provide some kind of a gambling service, never, ever start talking about fairness, risk/reward ratios or call your competition a scam to your customers. Your bullshit will be called out quite swiftly and quite often there are fairer ways to gamble. I wouldn't have posted this if you didn't start blabbing about the aforementioned things.

Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1688. (Read 3058780 times)