Topic: Does anyone feel like playing some RaffleBit? (Read 2498 times)
Rounds are getting bigger, folks! Current raffle is for 15+ Bitcoins, and is already more than 10% full. But, don't worry, there's more raffles to be had when this one ends.
Nice to see more activity, I hope you guys are enjoying the game.
A new round started again yesterday and the pot is already 70% full!
Good luck to the soon to be winners!
A new round started again yesterday and the pot is already 70% full!
Good luck to the soon to be winners!
Just won almost a full bitcoin on the last round and this one is already at 50% So far the easiest coin I have made so far. More people need to get into this so we can have higher jackpots awarded. I would love to come home to a nice 25btc in my wallet.
Congrats to our last round's winners on http://www.RaffleBit.com!!! Payouts for last round were .89, .53, and a whopping 2.14BTC to our first place winner! Current pot size is 1BTC, with exactly 50% of tickets left for sale this round. Get in now, it's gonna be a fast one!
Alright, folks! Got a few things added to the http://www.RaffleBit.com system. We now have proof-of-honesty, where each raffle's winners are picked before the raffle starts and hashed, then released. When the jackpot is paid, the original string is released and the honesty of the match can be verified.
Also added a pot-splitting feature. Now, 1st place wins 60%, 2nd wins 25%, 3rd wins 15%. Everybody wins
So far, we've had quite a few BTC run through the system, and it seems to be functioning well. Many bugs have been squashed, and much progress has been made. Thanks for your help and patience, and we hope you continue having fun playing RaffleBit!
Also added a pot-splitting feature. Now, 1st place wins 60%, 2nd wins 25%, 3rd wins 15%. Everybody wins
So far, we've had quite a few BTC run through the system, and it seems to be functioning well. Many bugs have been squashed, and much progress has been made. Thanks for your help and patience, and we hope you continue having fun playing RaffleBit!
It's a fresh lightning round of RaffleBit is up!
Buy your shares for a chance to win some Bitcoin!
Buy your shares for a chance to win some Bitcoin!
These rounds are going pretty fast. The current pot is 50% of the way purchased. You should have good odds of winning right now since the pot totals are kept small for the beta!
The http://www.RaffleBit.com project is coming along nicely! Jackpots are now split between 1st, 2nd, and 3rd place winners, with each getting 60, 25, and 15 percent respectively. Congrats to the winners of the last jackpot of 1.4BTC!
Awesome, I won the first round. 
I would suggest, however, that you make it clear on the front page how big the pot is going to be. I know you mention a percent commission, but I would be more comfortable with the final winning in clear sight. Also, instead of a percentage of tickets sold, perhaps it should be changed to "x of y(total) tickets sold" or whatever.
I would suggest, however, that you make it clear on the front page how big the pot is going to be. I know you mention a percent commission, but I would be more comfortable with the final winning in clear sight. Also, instead of a percentage of tickets sold, perhaps it should be changed to "x of y(total) tickets sold" or whatever.
I'm trying to limit information that people could use to bot and cheat users out of coin. I'll add that function, so that you see % deducted for RaffleBit maintenance directly displayed in the pot total. Glad you're enjoying the http://RaffleBit.com experience, and thanks for the feedback!
The current round has already sold over 2/3 of the shares available. Hurry up and purchase your shares so the winner can get to their happy ending
Awesome, I won the first round.
I would suggest, however, that you make it clear on the front page how big the pot is going to be. I know you mention a percent commission, but I would be more comfortable with the final winning in clear sight. Also, instead of a percentage of tickets sold, perhaps it should be changed to "x of y(total) tickets sold" or whatever.
I would suggest, however, that you make it clear on the front page how big the pot is going to be. I know you mention a percent commission, but I would be more comfortable with the final winning in clear sight. Also, instead of a percentage of tickets sold, perhaps it should be changed to "x of y(total) tickets sold" or whatever.
Made a topic for the folks who've won to provide some proof to the world, and brag about free BTC. Enjoy!
http://forum.bitcoin.org/index.php?topic=30515.new#new
http://forum.bitcoin.org/index.php?topic=30515.new#new
It's worth mentioning that the first few beta rounds went off with a hitch or two, but some crucial bugs in the code got worked out. So far, the system's working pretty well. I've got a few revisions in mind, but I'll be toiling away to improve the app and we should be out of beta, and in to full 5-25BTC rounds, pretty soon!
http://www.RaffleBit.com - it's fun!
http://www.RaffleBit.com - it's fun!
Any anti-randomness-thwarting-scheme can have holes poked in it, but I'm taking the approach of transparency.
Transparent would be, if everyone can reproduce your result. To do so, you could publish your algorithm, use something everyone agrees on as input (for ex. the hash of the next block after all ticket slots are filled) and show all valid tickets.
That's certainly do-able.
Any anti-randomness-thwarting-scheme can have holes poked in it, but I'm taking the approach of transparency.
Transparent would be, if everyone can reproduce your result. To do so, you could publish your algorithm, use something everyone agrees on as input (for ex. the hash of the next block after all ticket slots are filled) and show all valid tickets.
Well, as they say, the proof is in the pudding. By starting http://www.RaffleBit.com at tiny raffles of .5-2.5BTC, I'm gaining some trust from the community when they start seeing payouts come in, even though they're in the realm of 1.5BTC.
At the heart of it, this is gambling: whether I'm a scam or not, whether you win the raffle or not, it's all a gamble! I don't know what more to tell you aside from that there's literally no way for me to cheat within the application itself, and that I've listed all buy-ins and pay-outs publicly for your pleasure(or statistical analysis, if that's what you really desire). Any anti-randomness-thwarting-scheme can have holes poked in it, but I'm taking the approach of transparency. Ask me questions, I'll answer. Look at the buyin/payout history, start a thread asking for scam reports, whatever; the idea here is to provide a community service as opposed to screw around with a scam.
At the heart of it, this is gambling: whether I'm a scam or not, whether you win the raffle or not, it's all a gamble! I don't know what more to tell you aside from that there's literally no way for me to cheat within the application itself, and that I've listed all buy-ins and pay-outs publicly for your pleasure(or statistical analysis, if that's what you really desire). Any anti-randomness-thwarting-scheme can have holes poked in it, but I'm taking the approach of transparency. Ask me questions, I'll answer. Look at the buyin/payout history, start a thread asking for scam reports, whatever; the idea here is to provide a community service as opposed to screw around with a scam.
Again, it all comes down to the fact that running a short-term scam would be far less profitable than providing a real service. After all, your slot machine could just pocket your money and stiff you instead of only paying out if it were more profitable to engage a short-term scam than a long-term service. As it stands, my random number schema is less controllable than a casino's slot machine.
I disagree. Yours we take on faith that's what you are doing. Most slot machines are heavily regulated and a lot of places have pretty strict guidelines to prevent fraud. The internet in a lot of places doesn't have that. There are a lot of scams. Yes yours may be random but no one can know. They just have to believe you. So, to answer your question, my system is designed in a way that would prevent me from cheating, but even if I did it would be a lot less profitable than running a legitimate service over the long run. It wouldn't be worth the effort of making a real raffle system like I did if I were just going to cheat my users. 
It's not designed to prevent you from cheating. As long as you control the random number you control who wins. Because it's anonymous we have no idea who is actually winning. You can take jackpots for a very long time with your method before anyone can prove or show you are cheating. Sure you could say it's better to be honest, but why add the uncertainty when you can make it impossible to force yourself to win. I just thought you may want to fix it.Well, I guess I see your point, but again I designed the system so that I have no control over the randomness of the game once the app is running. All number-of-tickets-in-round & winning-ticket decisions are made by a unique random generated at function runtime by random.org. Again, it all comes down to the fact that running a short-term scam would be far less profitable than providing a real service. After all, your slot machine could just pocket your money and stiff you instead of only paying out if it were more profitable to engage a short-term scam than a long-term service. As it stands, my random number schema is less controllable than a casino's slot machine.
This belongs in the gambling section.
I was going to post it there, the subject is primarily software development. The RaffleBit discussion topic goes in gambling, yeah, but this is a call to beta-testers much more so than gamblers.
No, you are asking people to "beta test" by putting up their own coin to your raffle. That's gambling no matter how you want to spin it. If that's not the case then by all means send me some coin and I'll be glad to test your software for you.
I put my limited coin liquidity into the system already to beta-test, but I'm much more dev than miner so there's only so much I can test with. If I had some coin to send, I would.
So, to answer your question, my system is designed in a way that would prevent me from cheating, but even if I did it would be a lot less profitable than running a legitimate service over the long run. It wouldn't be worth the effort of making a real raffle system like I did if I were just going to cheat my users.
It's not designed to prevent you from cheating. As long as you control the random number you control who wins. Because it's anonymous we have no idea who is actually winning. You can take jackpots for a very long time with your method before anyone can prove or show you are cheating. Sure you could say it's better to be honest, but why add the uncertainty when you can make it impossible to force yourself to win. I just thought you may want to fix it. Jump to: