Topic: RUN YOUR OWN BITCOIN GEM - page 2. (Read 8816 times)

Too bad I only see this thread now.
I do enjoy playing with the bitcoin gem, and I wouldn't have minded running my own version for 10 BTC 

bump : )

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Early-bird licenses have now been sold out; thank you kindly for all you early adopters!

Instead of having the normal price be set to 65 BTC however, we've received much feedback and have decided to significantly lower the entry point to 25 BTC for access to the plugin.

Customers sites & examples can be seen in the footer of our site at http://bc4wp.com.

For those of you more interested in selling a product, good, or service of your own - we've just launched our new SimpleSeller plugin here:

https://bitcointalksearch.org/topic/bc4wpcoms-simpleseller-wordpress-plugin-147483

FYI, there are still 2 licenses left at the 10 BTC pricepoint for bc4wp's Chain WordPress Plugin in the OP.

Thanks for the review : )

My review on the plugin:

My initial thought about the plugin, is that this could be really cool, and a good way to make money. Sure enough, my site started earning money from the first day! The purchase process was extremely smooth. I was given access to the plugin very shortly after my payment was confirmed. Installing the plugin was the easiest thing ever. The plugin is provided in a .zip file, so I just logged into the admin panel, and used the upload plugin feature. This is where I was blown away. The setup of the plugin was breeze. As long as you follow the instructions that are included inside the plugin, you should be fine! John (the dev) was helpful whenever I had a problem. Not only that, but he is a very honest guy. When the plugin ran into a bug, it ended up paying out twice to one of the players. When I reported this to John, he promptly patched the bug, updated the plugin, AND reimbursed me for the loss! If you decide on whether or not to buy the plugin just based on John's level of character and honesty, you should have no reason not to make the purchase. John's a good guy, he'll take care of you! Finally, would I recommend this to someone else, as a legitimate and beneficial product? Legit? Definitely! Beneficial? If that's what you call making money!

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Thank you kindly for the review!

As for the rest of the thread, I must have had notifications turned off by accident; seems we have quite the discussion (debate?) going on here about Bitcoin gambling sites.

While I genuinely have no interest in running one myself (I'm terrible at marketing & site design; have you noticed? : P), I do thoroughly enjoy coding things up that other folks want and fine useful. I see that there is a desire for sites like this, and understandably so - they're kinda neat.

Not that it's entirely relevant to the discussion that's developed, but if anyone has feature requests do let me know - they can be implemented that same day : )

About 2 left still at the 10 BTC price, btw.

I agree that riding on somebody else's idea is nothing to be too proud of, on the other hand I think having a few more of these sites is a good thing for the players who like this kind of game, since they spend a lot of time waiting for transactions or while the game is in the slow, "high" price range where the items sit idle until reset. This excludes players who only want to play with small amounts and wait for the resets to happen.
So I'll just jump right into the fray and post another site built with the plugin advertised in this thread and my experiences with it, since that's what the thread is for.

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http://www.bitcoincrown.com

Since the game is played at the cost of the person last in line and most discussion regarding these games revolves around this fact, the Bitcoin Crown seeks to soothe that person's pain as much as it can with its limited funds right now: The one who resets the crown will be refunded 20% of what he lost.

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Regarding the plugin: I could download and activate it a few minutes after the purchasing process and get started. If you already have a webserver (preferrably with cron job support, f.e. Cpanel) and a fresh wordpress installed, the "hard" part is already over. Setting up the plugin is very convenient as it comes with a built-in tutorial which leads you through the progress step-by-step, right inside the wordpress admin environment. The instructions are detailed (including screenshots) and easy to understand.

I was surprised how smooth the plugin was running right after setup. It works just like you can see on the screenshot and on the site example. Since I did not have a lot of experience with webservers and wordpress, most of my questions, problems and time spent revolved around setting up those basics instead of the plugin, and John (presumably Anzy here) still went out of his way to help me with all of them. Most of the time he answered me within mere minutes. It was an overall very pleasant experience! It is also good to know that the plugin is being maintained and updated as well. This happens automatically inside your wordpress and gives you some additional feeling of safety.

If you are considering running such a site but have a few insecurities, this is your chance, since you will get more support here than you would expect.

Wtfvanity, bitbears, why are you two arguing over such a simple game? Wtfvanity, if you don't like the way the game is set up, don't play. It's that simple. And bitbears, don't waste your time trying to explain it to this guy. It's not worth the energy...

Sorry about butting in like that, but I hate to read such bickering.

no one ever said the site owner doesn't make a percentage. What you are trying to say is that they are the ONLY ones making a percentage.  the truth is, the site owner makes considerably less than the players.  

But you did say it could be reset at any time:
at least I can do basic math

I never said arbitrarily. And that right there shows you that the site owner is the one that makes a percentage. You're a moron. But, you continue to argue I'm sure makes you think you're right. If you have the last word, you win!!!



Let's go back over what you've said:


Hmm, but the OP CLEARLY says how does the SITE OWNER profit



Let's see how this goes after a few plays. Each line is one person buying the scam, I mean gem.
1
1.1
1.21
1.33
1.46
1.61
1.77
1.95
2.15
2.37

15.95 played. The last sucker, I mean player, paid 2.37 for the gem. The chain is reset. That means, that of the 10 people, 1 lost. That is 10% of the people lost their money!!!

And, here's another kicker for you, 0.22 is made by the SITE OWNER. That's not returned to anyone. The SITE OWNER keeps it dumb ass.

If you want to talk percentages, the last sucker lost 15% of the money played in this scam, err, scenario.

You say that there was over 1 BTC in profit... come on. There wasn't 1 BTC in "profit" the last sucker payed all the first suckers.

Keep drinking your kool-aid amigo. For you, as a site owner, you need lots of players to make your house edge. That's how you make money. In the scenario above, the odds are not 95%+ that you'll win. The house edge is unknown, and the owner could change it at any time.

People will play the ponzi scheme, yes, of course. But don't lie and say it's something that it is not.

It can't and isn't reset at any time. There are specific conditions for it being reset.  For the Gem, they do an odds-based random generator, like Satoshi Dice, plus an idle time limit.  Other games, like BitBears don't have the random reset, but do have an idle time limit.

and the stats speak for themselves, less than 5% of players triggered a reset on the Gem, so 95+% didn't.

Show us where the game was reset arbitrarily that didn't follow those conditions, and you might have a point.

But, like your other points, this one is false.

Those aren't the odds, those are when it's being reset. At any given time, the pyrmaid can be reset. You can't "bet" any amount you want. You pay the person in the pyramid scam exactly 1.1x what they paid and hope the game isn't reset.

That's how a ponzi scam works.

Look at the payouts on the Gem.  5% lost, 95% won.  Those are the actual odds of winning vs losing. The payout for the Gem is 1.1x.

So, again, show me a game where there is 1.1X payout where 95% of the people play win that payout.

You can't deny those stats.  Here are the current stats for the Gem:

I can't believe you think that you have a 1.1 payout at 95% odds. The house edge is what matters. If you play less than 8 statistically you'll only lose 98% of your money. If you play your game, you'll lose only 5% of your money. It's also a pyramid scam, not a game of chance based on mathematics.

For what game, this one?  Cause none of the others say that.

Let's see, SD's odds for 1.1x payout are between 85% and 91%.  At 91%, it is 1.07x payout. Did you study basic math in high school?  91% is less than 95%



So, I'll say it again, find a game with better odds vs payouts.  95% at 1.1x payout is excellent.

In the very first post, it is said that the house, can restart the game at any time. The house takes the profit in that case. If it's just reset, everyone else is paying for it.

95% winners at a 1.1% payout? How about Satoshi dice. The house edge is 1.9% and you pick your odds and keep playing. That's a real game of chance like a casino, not a pyramid scam.

Don't worry, you'll hit odds and statistics once you hit high school. It will make sense.

that's a good point