HungerCoins Invest: The odds are ever in your favor. - page 5.

iamtheone

newbie

Activity: 28

Merit: 0

Quote from: AndyRossy on September 03, 2012, 12:55:59 PM

I get it's unlikely, but, what if someone hits one of the top 2 "prizes" with a large bet before things are saturated - especially before the Lottery has taken off (assuming it does?) - what will happen?

The risk or ruin is very small. Although quite remote, what is tragic is a long string of successive jackpots. That is very unlikely to happen though. To be honest, it would be something like a fire, flood, earthquake, war happening in the place where you have business all at the same time.

iamtheone

newbie

Activity: 28

Merit: 0

Quote from: AndyRossy on September 04, 2012, 07:37:03 AM

I think it's a bit crappy, that, if you send and it's 30 confirmations, you can change to say 32, then I have to wait another 2..... surely those sent before the change, should receive the confirmation limit at time of sending?

It's only at most +1 per day. So additional 10 minutes of wait if it's changed when you placed a bet.

AndyRossy

sr. member

Activity: 448

Merit: 250

I think it's a bit crappy, that, if you send and it's 30 confirmations, you can change to say 32, then I have to wait another 2..... surely those sent before the change, should receive the confirmation limit at time of sending?

Zillions

full member

Activity: 158

Merit: 100

Yeah crap I know that *NOW* thought I could save the 2 extra transaction fees by sending strait from where I had my funds at the time. *poof* 0.25BTC gone T_T.

Lumpy

full member

Activity: 237

Merit: 100

Quote from: Zillions on September 03, 2012, 03:41:59 PM

Aw Man I just realized I have no way of "proving" a payment I made via GLBSE what adress it came from so can't look it up via blockchain. For all I know everything from GLBSE comes from one adress.
Any help guys?

Withdrawal history
Amount To address Date
-0.25 1Fhoq69gYN5a61Yhv3Rc3ufCkDiryqybVK 2012-09-03 01:19:40

Don't use an exchange wallet for things that need to return to the sending address. Undecided

Zillions

full member

Activity: 158

Merit: 100

Aw Man I just realized I have no way of "proving" a payment I made via GLBSE what adress it came from so can't look it up via blockchain. For all I know everything from GLBSE comes from one adress.
Any help guys?

Withdrawal history
Amount To address Date
-0.25 1Fhoq69gYN5a61Yhv3Rc3ufCkDiryqybVK 2012-09-03 01:19:40

Zillions

full member

Activity: 158

Merit: 100

Aw what the Heck I'll take a bite of this apple ...
https://blockchain.info/tx-index/19054056/549272718f6f4c93e5b6bd4ba2a845c9a53d54d508751e2ea602461696d324a4
https://blockchain.info/tx-index/19054011/b18b1af5d3461d2404632c6d950a2a58e80552db0db0e118068f6c0f9ffef59a
Let's see if we get my coins back in what? Eta 12hrs?

AndyRossy

sr. member

Activity: 448

Merit: 250

I get it's unlikely, but, what if someone hits one of the top 2 "prizes" with a large bet before things are saturated - especially before the Lottery has taken off (assuming it does?) - what will happen?

iamtheone

newbie

Activity: 28

Merit: 0

Started a general discussion thread entitled:

HungerCoins: sustainable or not?

https://bitcointalksearch.org/topic/hungercoins-sustainable-or-not-105578

Vorksholk

legendary

Activity: 1713

Merit: 1029

Quote from: dooglus on September 02, 2012, 11:20:35 PM

Quote from: Vorksholk on September 02, 2012, 09:11:04 PM

I would imagine a 10 BTC limit as 2000% on 10 is 20000.

2000% of 10 is 200. You don't just multiply, or 100% of 1 would be 100.

I wonder if people are sending 40 separate 0.25 bets rather than one single 10 BTC bet because that way they have 40 separate chances to 'win the jackpot'. Perhaps you could treat a bet of 10 BTC as 40 separate 0.25 bets and calculate the winning for each separately (but appending a different number to the txid or block hash before rehashing it, and sending the resulting winnings in a single output. That way people get the reduced variance of betting lots of small bets without needing to spam the network.

Also, I'd suggest not mentioning the original 0.25-only address in the OP, since that's the one people see first. Some probably stop reading before they get to the new address at the end of the OP.

Oh right :facepalm: math stupidity...

iamtheone

newbie

Activity: 28

Merit: 0

Quote from: dooglus on September 02, 2012, 11:36:10 PM

Quote from: iamtheone on September 02, 2012, 11:30:47 PM

Thanks for the insights. That will be considered. The only reason why it's one bet per transaction is because it is simple for bettors to see the last N digits of their transaction hash as their ticket number and as soon as it is included in the block, it is easy for them to know if they won or not and how much they won.

It would be pretty trivial to make a web page that lets the user copy/paste in the txid and block hash and have it display all the bet hashes, winnings, and a total. Perhaps offer 2 different addresses - one which counts the payment as a single bet, and one which treats it as a series of 0.25 BTC bets? That way people can decide whether they want the variance or not.

Thanks dooglus for the inputs. I'm practicing creating some websites to further expand operations. Still not comfortable with hacking issues.

iamtheone

newbie

Activity: 28

Merit: 0

The original post has been edited already to reflect the changes. And the thread name, too.

dooglus

legendary

Activity: 2940

Merit: 1330

Quote from: iamtheone on September 02, 2012, 11:30:47 PM

Thanks for the insights. That will be considered. The only reason why it's one bet per transaction is because it is simple for bettors to see the last N digits of their transaction hash as their ticket number and as soon as it is included in the block, it is easy for them to know if they won or not and how much they won.

It would be pretty trivial to make a web page that lets the user copy/paste in the txid and block hash and have it display all the bet hashes, winnings, and a total. Perhaps offer 2 different addresses - one which counts the payment as a single bet, and one which treats it as a series of 0.25 BTC bets? That way people can decide whether they want the variance or not.

iamtheone

newbie

Activity: 28

Merit: 0

Thanks for the insights. That will be considered. The only reason why it's one bet per transaction is because it is simple for bettors to see the last N digits of their transaction hash as their ticket number and as soon as it is included in the block, it is easy for them to know if they won or not and how much they won.

dooglus

legendary

Activity: 2940

Merit: 1330

Quote from: Vorksholk on September 02, 2012, 09:11:04 PM

I would imagine a 10 BTC limit as 2000% on 10 is 20000.

2000% of 10 is 200. You don't just multiply, or 100% of 1 would be 100.

I wonder if people are sending 40 separate 0.25 bets rather than one single 10 BTC bet because that way they have 40 separate chances to 'win the jackpot'. Perhaps you could treat a bet of 10 BTC as 40 separate 0.25 bets and calculate the winning for each separately (but appending a different number to the txid or block hash before rehashing it, and sending the resulting winnings in a single output. That way people get the reduced variance of betting lots of small bets without needing to spam the network.

Also, I'd suggest not mentioning the original 0.25-only address in the OP, since that's the one people see first. Some probably stop reading before they get to the new address at the end of the OP.

dooglus

legendary

Activity: 2940

Merit: 1330

Quote from: Vorksholk on September 02, 2012, 09:11:04 PM

I would imagine a 10 BTC limit as 2000% on 10 is 20000.

2000% of 10 is 200. You don't just multiply, or 100% of 1 would be 100.

I wonder if people are sending 40 separate 0.25 bets rather than one single 10 BTC bet because that way they have 40 separate chances to 'win the jackpot'. Perhaps you could treat a bet of 10 BTC as 40 separate 0.25 bets and calculate the winning for each separately (but appending a different number to the txid or block hash before rehashing it, and sending the resulting winnings in a single output. That way people get the reduced variance of betting lots of small bets without needing to spam the network.

Also, I'd suggest not mentioning the original 0.25-only address in the OP, since that's the one people see first. Some probably stop reading before they get to the new address at the end of the OP.

jasinlee

hero member

Activity: 742

Merit: 500

Its as easy as 0, 1, 1, 2, 3

Yeah that would break the bank I am sure.

Vorksholk

legendary

Activity: 1713

Merit: 1029

Quote from: Luke-Jr on September 02, 2012, 05:46:03 PM

Quote from: iamtheone on September 02, 2012, 04:47:05 PM

I noticed some of you are still sending multiple 0.25 to second address. Please be informed you can now combine that up to 10 btc and send to 1Fhoq69gYN5a61Yhv3Rc3ufCkDiryqybVK. This way you can save in transaction fees.

That's an improvement, but why the 10 BTC limit? If you need a new hash to gamble on, just take SHA256(txid) for each subsequent bet.

I would imagine a 10 BTC limit as 2000% on 10 is 20000.

Luke-Jr

legendary

Activity: 2576

Merit: 1186

Quote from: iamtheone on September 02, 2012, 04:47:05 PM

I noticed some of you are still sending multiple 0.25 to second address. Please be informed you can now combine that up to 10 btc and send to 1Fhoq69gYN5a61Yhv3Rc3ufCkDiryqybVK. This way you can save in transaction fees.

That's an improvement, but why the 10 BTC limit? If you need a new hash to gamble on, just take SHA256(txid) for each subsequent bet.

iamtheone

newbie

Activity: 28

Merit: 0

I noticed some of you are still sending multiple 0.25 to second address. Please be informed you can now combine that up to 10 btc and send to 1Fhoq69gYN5a61Yhv3Rc3ufCkDiryqybVK. This way you can save in transaction fees.

Topic: HungerCoins Invest: The odds are ever in your favor. - page 5. (Read 14537 times)