Topic: New bitscratch game- physical 'lucky' bitcoins! - page 2. (Read 2000 times)

Added a poll to see what you guys think of our idea. I welcome your comments.

As I said, it is token blanks of the casascius coins that they are stuck to. They are 2011 blanks with '1 bitcoin' on them- that people will be able to reuse afterwards to load with a bitcoin themselves. It is quite common for bitcoin blanks to have 1 bitcoin on them. However I can always change the style of the token, but I notice that many people on the forum are asking for 1 bitcoin token blanks.....we need to keep our product viable and appealing across all markets so this was the token of choice.

It says 2011 on the front and also "1 Bitcoin".
Especially the last part strikes me since the highest win-chance is 0.5BTC.

Other than that: This *looks* quite well-made.

Hi everyone,

Bitscratch.org has been in a testing and development phase for a while, and the replies that we have had have been excellent.

The findings of sending out scratch cards came back with the following problems-

1. People were worried that there might be legal issues, especially with getting cards sent into america.

2. Distribution factor issues. Too few users of bit-coins to make distribution worthwhile.

3. Value for money. Factoring in postage costs, the value for money of buying scratch cards was low.


Taking into consideration the findings of our sample run, we have decided to launch a new product-

PHYSICAL LUCKY BITCOINS!

How does it work?

You buy and receive, physical brass 1 bit-coin tokens, in the style of Casascius.



But as you notice there is a hologram on the back-



Just like the scratch cards, there will be a random QR key code under the hologram with a prize loaded. Every coin is a winner!

The prizes will be from 0.01 to 0.005BTC. The prize distribution will go like this;

for every 1000 coins sent out;

250 winners;

1x  0.5
1x  0.2
24x 0.1
24x 0.05
100x 0.02
100 x 0.01
750x 0.005

making a total prize pool of 11.05 for every 1000 coins.

Asking price for coins, supplied in rolls of 10, will be .25btc a roll. That is 0.025 per coin.

We came to the conclusion that this answers peoples concerns in how the games could be played in the following ways;

CONCERN 1. People were worried that there might be legal issues, especially with getting cards sent into america.

Solution: these are not scratch cards, you are buying the physical bitcoin token, something tangible. The prize is a 'free gift with your purchase of the token'. No more issues in getting them into the united states. 

CONCERN 2. Distribution factor issues. Too few users of bit-coins to make distribution worthwhile.

Solution: we now will just ship direct to customers which removes the expense of setting up a distribution network. Coins will be made available in packs of 10. If you want to then resell them yourself, this is your choice.

CONCERN 3. Value for money. Factoring in postage costs, the value for money of buying scratch cards was low.

Solution: you are getting a reusable bitcoin token. once the hologram is off, you can reload your bitcoin like a physical bitcoin wallet. People are selling reusable bitcoin tokens for up to .2 each on their own. Being that each coin is loaded with at least 0.005, and we are selling them for 0.025 each, you are really playing for FREE anyway when you think about it.


SECURITY- the hologram is a 'use once' hologram that will tear off and cant be put back on the coin once used. so once you have opened and redeemed your prize you would not be able to pass it off again as an unused lucky bitcoin, only as an unloaded token.

We will shortly be putting an order and checkout page on our website.

Please come forward with your comments. We are not ready to ship for another few weeks whilst we prepare the coins, at the moment just looking for more comments and ideas, but dont be shy to put yourself down for pre order

Again I thank everyone who had the sample scratch cards and your opinions really did help make this game possible.