[hashdice.com] best dice bet game ever with crowedfunding

vlees

full member

Activity: 196

Merit: 100

Quote from: 🏰 TradeFortress 🏰 on June 26, 2013, 03:56:17 AM

Quote from: hashdice on June 26, 2013, 03:52:31 AM

Quote from: dooglus on June 26, 2013, 03:39:21 AM

Quote from: hashdice on June 26, 2013, 02:52:20 AM

In my opinion,abandon a block is just the same as didn't participated in mining a block,so odds won't change.

That's nice, but it is not a matter of opinion.

If I bet heads on a coin toss, then toss a coin, see that I've got tails and so throw the coin away and let you make the 2nd toss, don't you think I have a better chance of winning?

HH = win
HT = win
TH = win
TT = lose

I have a 75% chance of winning if I'm allowed to abandon the first result when I don't like it.

I like the idea of letting your players bankroll the site. You're a genius!

But the blockhash is the result of proof-of-work,you don't have a chance to make the 2nd toss.

Yes you do, you do not have to broadcast your block hash. Let me work this out step by step to you:

You bet 100 btc on hashdice.com. 50% chances.

You find a block. You calculate the block hashes...

(a) You win the hashdice bet! You publish your block. 50%
(b) You lose the hashdice bet! Sad

You don't publish your block. Now two things can happen:
(b1) Someone else finds a block and you win the hashdice bet! 25%
(b2) Someone else finds a block and you lose the hashdice bet! 25%

EV = 2 * 0.5 + 2 * 0.25 = 1.5

The miner can choose to NOT broadcast the block IF it won't win the bet. If it WOULD win the bet, the miner would publish. It lets them roll the dice twice - the first roll is choosing to publish it or not, the second roll is another miner mining.

Or don't bet money until you found the block, then include the transaction and broadcast it yes/no.

hashdice

newbie

Activity: 24

Merit: 0

Quote from: Zaih on June 26, 2013, 03:44:16 AM

Quote from: dooglus on June 26, 2013, 03:39:21 AM

Quote from: hashdice on June 26, 2013, 02:52:20 AM

In my opinion,abandon a block is just the same as didn't participated in mining a block,so odds won't change.

That's nice, but it is not a matter of opinion.

If I bet heads on a coin toss, then toss a coin, see that I've got tails and so throw the coin away and let you make the 2nd toss, don't you think I have a better chance of winning?

HH = win
HT = win
TH = win
TT = lose

I have a 75% chance of winning if I'm allowed to abandon the first result when I don't like it.

I like the idea of letting your players bankroll the site. You're a genius!

To be fair to the bloke. Your site is heavily based off other games too Tongue

It's nothing new around here to see people copying each other.

@OP. I think you should probably get someone whose native language is English to proof read your text. It's very off putting to say the least Tongue

.

Best of luck with the site!

I'll raise a bounty for transalations to other languages,includes english.
By the way ,are you two guys's avatars related?it's funny.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: hashdice on June 26, 2013, 03:52:31 AM

Quote from: dooglus on June 26, 2013, 03:39:21 AM

Quote from: hashdice on June 26, 2013, 02:52:20 AM

In my opinion,abandon a block is just the same as didn't participated in mining a block,so odds won't change.

That's nice, but it is not a matter of opinion.

If I bet heads on a coin toss, then toss a coin, see that I've got tails and so throw the coin away and let you make the 2nd toss, don't you think I have a better chance of winning?

HH = win
HT = win
TH = win
TT = lose

I have a 75% chance of winning if I'm allowed to abandon the first result when I don't like it.

I like the idea of letting your players bankroll the site. You're a genius!

But the blockhash is the result of proof-of-work,you don't have a chance to make the 2nd toss.

Yes you do, you do not have to broadcast your block hash. Let me work this out step by step to you:

You bet 100 btc on hashdice.com. 50% chances.

You find a block. You calculate the block hashes...

(a) You win the hashdice bet! You publish your block. 50%
(b) You lose the hashdice bet! Sad

You don't publish your block. Now two things can happen:
(b1) Someone else finds a block and you win the hashdice bet! 25%
(b2) Someone else finds a block and you lose the hashdice bet! 25%

EV = 2 * 0.5 + 2 * 0.25 = 1.5

The miner can choose to NOT broadcast the block IF it won't win the bet. If it WOULD win the bet, the miner would publish. It lets them roll the dice twice - the first roll is choosing to publish it or not, the second roll is another miner mining.

hashdice

newbie

Activity: 24

Merit: 0

Quote from: dooglus on June 26, 2013, 03:39:21 AM

Quote from: hashdice on June 26, 2013, 02:52:20 AM

In my opinion,abandon a block is just the same as didn't participated in mining a block,so odds won't change.

That's nice, but it is not a matter of opinion.

If I bet heads on a coin toss, then toss a coin, see that I've got tails and so throw the coin away and let you make the 2nd toss, don't you think I have a better chance of winning?

HH = win
HT = win
TH = win
TT = lose

I have a 75% chance of winning if I'm allowed to abandon the first result when I don't like it.

I like the idea of letting your players bankroll the site. You're a genius!

But the blockhash is the result of proof-of-work,you don't have a chance to make the 2nd toss.

Zaih

hero member

Activity: 504

Merit: 500

Quote from: dooglus on June 26, 2013, 03:39:21 AM

Quote from: hashdice on June 26, 2013, 02:52:20 AM

In my opinion,abandon a block is just the same as didn't participated in mining a block,so odds won't change.

That's nice, but it is not a matter of opinion.

If I bet heads on a coin toss, then toss a coin, see that I've got tails and so throw the coin away and let you make the 2nd toss, don't you think I have a better chance of winning?

HH = win
HT = win
TH = win
TT = lose

I have a 75% chance of winning if I'm allowed to abandon the first result when I don't like it.

I like the idea of letting your players bankroll the site. You're a genius!

To be fair to the bloke. Your site is heavily based off other games too Tongue

It's nothing new around here to see people copying each other.

@OP. I think you should probably get someone whose native language is English to proof read your text. It's very off putting to say the least Tongue

.

Best of luck with the site!

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: hashdice on June 26, 2013, 02:52:20 AM

In my opinion,abandon a block is just the same as didn't participated in mining a block,so odds won't change.

That's nice, but it is not a matter of opinion.

If I bet heads on a coin toss, then toss a coin, see that I've got tails and so throw the coin away and let you make the 2nd toss, don't you think I have a better chance of winning?

HH = win
HT = win
TH = win
TT = lose

I have a 75% chance of winning if I'm allowed to abandon the first result when I don't like it.

I like the idea of letting your players bankroll the site. You're a genius!

hashdice

newbie

Activity: 24

Merit: 0

Quote from: 🏰 TradeFortress 🏰 on June 26, 2013, 02:43:49 AM

Ahahah no.

If I was a malicious miner and I found a block, and I would make 25 BTC + fees from publishing the block (so around 28 BTC?), I could bet on your site for a few hundred BTC and make it +EV.

Miner can choose to not broadcast mined blocks if the block hash would make them lose. This doesn't guarantee that they will win (as another miner will probably find and broadcast the next block hash), but it shifts the odds enough in their favor so that they can make a profit.

In my opinion,abandon a block is just the same as didn't participated in mining a block,so odds won't change.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Ahahah no.

If I was a malicious miner and I found a block, and I would make 25 BTC + fees from publishing the block (so around 28 BTC?), I could bet on your site for a few hundred BTC and make it +EV.

Miner can choose to not broadcast mined blocks if the block hash would make them lose. This doesn't guarantee that they will win (as another miner will probably find and broadcast the next block hash), but it shifts the odds enough in their favor so that they can make a profit.

hashdice

newbie

Activity: 24

Merit: 0

Quote from: gillespies on June 26, 2013, 01:55:13 AM

Interesting!

As far as I can see, you are actually discouraging people to place bets as results will only be known (on average), every ten minutes.

I also see that you have a "block time" on the top right corner which is (I guess), your local time (GMT+8). I guess you are based (or from) China. Possible to adjust the time to something appropriate to the player, or at least (I think blockchain uses GMT)

Thanks for advises!
Yeah,it's may be more proper for those faster coin like LTC or YAC.

Our server is located in Florida, when i type 'date',it shows Wed Jun 26 15:37:13 CST 2013,we'll fix it soon.

gillespies

newbie

Activity: 45

Merit: 0

Interesting!

As far as I can see, you are actually discouraging people to place bets as results will only be known (on average), every ten minutes.

I also see that you have a "block time" on the top right corner which is (I guess), your local time (GMT+8). I guess you are based (or from) China. Possible to adjust the time to something appropriate to the player, or at least (I think blockchain uses GMT)

lightlord

donator

Activity: 3228

Merit: 1226

★Bitvest.io★ Play Plinko or Invest!

Reserved

hashdice

newbie

Activity: 24

Merit: 0

Dear all,
this is the official annoucement of hashdice.com,which may be the best dice bet game ever,and with crowedfunding.

Dice Bet Game:for those who'd like to leave a chance to be rich.

Why HashDice?
1.Perfectly simple.No need registration.No need Ghost of Satoshi or scret of today,We use blockhash as your lucky number,so you can check it out soon.
2.Perfectly fair.since blockhash is the result of proof-of-work,it's fair util crypto coin be cracked.
3.Multi languages support,we now present both in english and chinese,and shoutboxes for each language.
4.Popular crypto coins support,you can use BTC,LTC,FTC and YAC to place bet.

http://hashdice.com/img/screen-1.jpg

Crowedfunding:for those who'd like steady profit.

Due to insufficient funds for large amount bet. We introduced a pretty simple crowedfunding way.
Your investment will work with Hash Dice as prize pool and gain profit, your profit is determined by bet traffic.
After days your chose working with us, we will pay back all your investment with profit automatically.
Check out tab 'Investment' for detail.

http://hashdice.com/img/screen-2.jpg

Source Code:for those who'd like to follow our steps.

We are going to sell 3 copies of Hash Dice with full technical support.
First copy for 50BTC
Second copy for 75BTC
Third copy for 100BTC

Please contact us [email protected],Time will prove that we are not scammers.
Go to hashdice.com and have a try,thanks.
Closed due to improper design.
We'll fix it soon!

Topic: [hashdice.com] best dice bet game ever with crowedfunding (Read 870 times)