LottoShares - Dice 0% Edge - 80LTS Airdrop to all DOGE owners - page 35.

capoeira

legendary

Activity: 2413

Merit: 1003

Quote from: telemaco on July 14, 2014, 06:17:13 PM

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an uknown wallet?

Could that be risky?

Just wondering,

Thanks

i was wondering the same thing, but since nobody seamed to have a problem with this I didn't ask

telemaco

sr. member

Activity: 371

Merit: 250

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an unknown wallet?

Could that be risky?

Just wondering,

Thanks

baby222

hero member

Activity: 1008

Merit: 501

nice coin

WilderX

hero member

Activity: 597

Merit: 504

Quote from: FreeTrade on July 14, 2014, 10:50:39 AM

LottoShares, DAC (LTS)

Binaries (Wallet/Miner)
(Compiled and released by testzcrypto)
https://github.com/LottoShares/lottoshares/releases

Parameters
Service: Built in lottery game, 6 of 42
Block target: 2.5 minutes
Port: 6042
Proof of Work: Scrypt Merged Mining Capable
Codebase: United Scrypt Coin
Block Subsidy: Custom block subsidy (1 to 10 LTS) inversely related to difficulty
Difficulty Retargeting: Every block with Dark Gravity Wave
Total Shares: 100 Million

Game
LottoShares allows shareholders to use their coins to play a lottery style game, choosing 6 numbers from 42.

Players can choose the size of their stake and prizes are fixed-odds -

6 numbers = 1,000,000 X stake
5 numbers = 5,000 X stake
4 numbers = 100 X stake
3 numbers = 10 X stake

Profit
When a lottery ticket is played, the coins used as a stake are destroyed.
Prizes are paid from the coinbase and provide an 85% average return.
Thus as the lottery is played 15% of the total stake is destroyed, making other players richer.
See Dividends 2.0 for more explanation - https://bitsharestalk.org/index.php?topic=1169.0

Hey Dev, Question: If I stake 10 LTS and get the 6 numbers right so I would WIN 10,000,000 LTS right? Can you explain where would that 10M LTS come from? They just magically appear or what? You are talking about a coinbase so is that where they come from, but won't they run out of LTS eventually with these kind of big winnings?

So in short I don't understand from where are the winnings generated?

I'm also confused about these contradicting statements:

When a lottery ticket is played, the coins used as a stake are destroyed.
Thus as the lottery is played 15% of the total stake is destroyed, making other players richer.

So which one is it? All coins destroyed or just the 15% of the stake?

kickky

newbie

Activity: 8

Merit: 0

Quote from: ?? on ??

Two posts with extra-large font (and reply) removed. Please don't shout.

how do ags holders get their shares？

capoeira

legendary

Activity: 2413

Merit: 1003

Quote from: ?? on ??

importprivatekey

pease correct

Code:

importprivkey

statdude

legendary

Activity: 1498

Merit: 1000

Quote from: lemfuture on July 14, 2014, 02:26:38 PM

after reading every post, i still don't get how to get a stake; i hold btc, lost my sharecoin's at the hit and run exchange, and ofcourse bttalk user Huh

lemfuture

hero member

Activity: 686

Merit: 500

after reading every post, i still don't get how to get a stake; i hold btc, lost my sharecoin's at the hit and run exchange, and ofcourse bttalk user Huh

capoeira

legendary

Activity: 2413

Merit: 1003

following

Magic8Ball

legendary

Activity: 1050

Merit: 1000

I count 6 distribution lists to get this coin, and I do not qualify for any. A pauper in the true sense of the word Cheesy

Probably mining will net something if it stays under the radar a bit.

jukka

sr. member

Activity: 259

Merit: 250

I am at sharecoin and footballcoin distribution list. How can I get my LottoShares?

JakeThePanda

hero member

Activity: 644

Merit: 500

Thanks Freetrade!

FreeTrade

legendary

Activity: 1470

Merit: 1030

Quote from: cointrader83 on July 14, 2014, 12:28:28 PM

When will you share some mining information?

No running pool?

To process transactions (mine) use

setgenerate true

in your debug panel.

There should be merged mining pools coming online in the next few days that allow you to merge mine LottoShares with other Scrypt based coins.

cointrader83

hero member

Activity: 742

Merit: 500

When will you share some mining information?

No running pool?

FreeTrade

legendary

Activity: 1470

Merit: 1030

Quote from: perado on July 14, 2014, 12:01:15 PM

I failed to transfer my MMC off the exchange cuz I didnt know it.It is said that the coin should have been transferred before 31 May.Will I receive any lotteshares if I transfer MMC to my wallet right now??

Some info here -

http://forum.lottoshares.org/topic/6/bter-to-support-lottoshares-distribution

perado

newbie

Activity: 59

Merit: 0

I failed to transfer my MMC off the exchange cuz I didnt know it.It is said that the coin should have been transferred before 31 May.Will I receive any lotteshares if I transfer MMC to my wallet right now??

Gentso1

full member

Activity: 156

Merit: 100

wallet installed and synced on win 7 ultimate 64 bit without a hitch. So far so good, best of luck freetrade.

emrebey

sr. member

Activity: 476

Merit: 250

Quote from: superresistant on July 14, 2014, 11:42:49 AM

I didn't try again but does it compile properly now ?

for compiling lottoshares daemon in linux:

- install the dependencies
- move the txt files (they are located in the /release) to the src folder.
- cd into the src and type this -> make -f makefile.unix

after that, run it with ./lottosharesd

(it's important for daemon to see txt files in the same directory.)

superresistant

legendary

Activity: 2156

Merit: 1131

I didn't try again but does it compile properly now ?

FreeTrade

legendary

Activity: 1470

Merit: 1030

Quote from: statdude on July 14, 2014, 11:13:23 AM

So if it's 100% already distributed what's the merged mining?

So mining is better thought of as subsidized transaction processing. Transaction Processors (miners) get 1% of the ticket price and there's a small subsidy of 10 LTS too. They can merge that with their Litecoin or other scrypt coin mining too.

Topic: LottoShares - Dice 0% Edge - 80LTS Airdrop to all DOGE owners - page 35. (Read 62741 times)