Updated OP with 3 more helpful questions and answers. If anybody has any, feel free to ask and I'll give the best answers I can : )
To BitBears: while we haven't sold any copies to the folks here at bitcointalk.org (that I know of), we've allowed a few others to help test it for us with excellent results. The community here is really great, but extremely (yet understandably) skeptical.
Topic: RUN YOUR OWN BITCOIN GEM - page 4. (Read 8816 times)
This is interesting. Have you sold many copies?
FAQ's added and updated with some questions & answers.
Excellent suggestions! I hadn't though of taking it in that direction, but it definitely sounds interesting. : D
I think the underlying concept has a ton of potential.
For example, on the website then a content owner could have certain ad spaces for gifs or jpgs of specified sizes and destination URLs. Then advertisers could outbid each other to 'own' the space for a certain amount of time or until they are outbid. This would automate one's ad selling and introduce and auction component.
I think there needs to be a little more certainty for the advertisers as to what the cost and potential ROI will be along with terms; like expiration period, etc. If terms are well defined and the long-tail losses are eliminated then it has the potential to automatically optimize the advertising revenue. Of course, content owners would need to have the option of 'canceling' or 'approving' particular purchases (get adult, gambling, etc. type jpgs off their site if they want).
If the plugin were free, perhaps it directs a % of each purchase to a particular address?, then it could be pretty widely adopted.
For example, on the website then a content owner could have certain ad spaces for gifs or jpgs of specified sizes and destination URLs. Then advertisers could outbid each other to 'own' the space for a certain amount of time or until they are outbid. This would automate one's ad selling and introduce and auction component.
I think there needs to be a little more certainty for the advertisers as to what the cost and potential ROI will be along with terms; like expiration period, etc. If terms are well defined and the long-tail losses are eliminated then it has the potential to automatically optimize the advertising revenue. Of course, content owners would need to have the option of 'canceling' or 'approving' particular purchases (get adult, gambling, etc. type jpgs off their site if they want).
If the plugin were free, perhaps it directs a % of each purchase to a particular address?, then it could be pretty widely adopted.
first 5 people: 35 BTC 10 BTC
everyone else after that: 65 BTC
everyone else after that: 65 BTC
LMAO this is script is the real gem, you buy it for 10btcs and you hope someone uses your site LOL
Howdy sunnankar!
As the site owner, you're able to specify 2 particular settings that determine how often / likely the site owner gets paid (both of which can be seen in the settings screenshots above).
1. Reset Odds
This is the most common way the site owner profits. As the chain gets higher and higher, the price naturally increases (by whatever % you set). Every so often - again at a % you can set - a purchase will trigger a reset of the chain, causing them to lose ownership of the Game Object.
Since they no longer own it, the next person to purchase it (now that it's reset to the starting price - configurable), the system never has to pay the person who triggered the reset since they don't own it any longer. In essence that means the buy price of whoever resets the Game Object is your profit.
2. Purchase Delay
The other way the site owner profits is when the elapsed time since the previous purchase has expired due to no new purchases. This timeframe is configurable and acts the same way as a reset.
Hope that answered your question(s)!
As the site owner, you're able to specify 2 particular settings that determine how often / likely the site owner gets paid (both of which can be seen in the settings screenshots above).
1. Reset Odds
This is the most common way the site owner profits. As the chain gets higher and higher, the price naturally increases (by whatever % you set). Every so often - again at a % you can set - a purchase will trigger a reset of the chain, causing them to lose ownership of the Game Object.
Since they no longer own it, the next person to purchase it (now that it's reset to the starting price - configurable), the system never has to pay the person who triggered the reset since they don't own it any longer. In essence that means the buy price of whoever resets the Game Object is your profit.
2. Purchase Delay
The other way the site owner profits is when the elapsed time since the previous purchase has expired due to no new purchases. This timeframe is configurable and acts the same way as a reset.
Hope that answered your question(s)!
If you have questions, concerns, whatever - either post here or on our site's contact form. Enjoy!
Pretty interesting concept. How does the site owner derive any revenue from this? Does not seem to be addressed in the FAQ.
Howdy there!
We've just finished developing our first (of many to come) Bitcoin WordPress plugin. This particular one was inspired by the original Bitcoin Gem script.
Demo
To see what it does instead of reading the description, view a demo here:
http://bc4wp.com/bitcoin-chain-demo/
Concept
The idea is pretty simple - visitors on your site purchase your designated Game Object (in the demo, we use a ruby) for a particular price, hoping someone buys it again after them to make a profit. At a random interval (or if no purchases happen within a timeframe), a purchase will trigger a reset and the Game Object will go back to it’s starting point.
The unfortunate soul who’s purchase triggered the reset (all publically verifiably random with math) won’t own the Game Object anymore, so whatever they paid goes to you as the site owner to keep.
This plugin is fully documented with a convenient startup wizard, and allows for near infinite customization of how you want to run your chain game. Rather than continue to write on and on about what it can do and how it’s amazing, I’ll just post screenshots for your viewing pleasure.
Screenshots
General & Setup Wizard:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/plugin_overview_and_setup_wizard.png
Chain Stages:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/chain_stages.png
Players:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/players_of_the_game.png
Purchases:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/purchase_pending_confirmation.png
Settings:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/settings_1.png
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/settings_2.png
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/settings_3.png
How/where to buy
To purchase this plugin, visit our site at http://bc4wp.com and add it to your cart. We use a shopping cart with Bitcoin support, registered accounts, and access keys to use inside the plugin to unlock it.
All purchased licenses can be used on an infinite number of sites.
The Price
Obviously this software is best kept in as few hands as possible, and as it’s nature is of a money-generating sort, we've priced it as follows:
first 5 people:35 BTC 10 BTC (only 2 left now) sold out
standard price:65 BTC 25 BTC 7 BTC
Here's a 4 BTC discount link, due to the recent price surges: http://bc4wp.com/plugin/zWnnR8D0Ufasdf342BAz
If you have questions, concerns, whatever - either post here or on our site's contact form. Enjoy!
FAQs
Does the plugin run on your own site, or hosted by bc4wp.com
The wordpress plugins we make are just that - plugins to be used inside of your own WordPress site installation. That means you can install this plugin like any normal WordPress plugin and have it work on your own remote site, completely separate from bc4wp.com's domain.
What is included in the purchase?
Other than the plugin files themselves, lifetime support of the plugin as well as updates to it are included.
Also included in the purchase is an infinite-domain license, so you can install it on as many sites as you'd like.
Can I add features to it if I want?
Technically yes, however it's best if you communicate those to us so we can implement them as options for you in newer versions. If you do custom edits to the plugin, any time we push an update it will overwrite any customizations you've made.
The theme of the public game page however can be completely themed and customized to your liking and won't be changed by any updates we push.
What is needed to get a site up and running with this plugin?
To make use of the WordPress plugin, you must first have a site running on WordPress.
There are several tutorials to do this, but in a nutshell you a) buy hosting (generally shared hosting like hostmonster/hostgator), b) upload wordpress files or use hosting company's provided 1-click install, c) add the bc4wp.com Bitcoin Chain plugin to your site either by the standard ftp method or the simpler provided "Add New" option in the plugin section of your wp-admin area.
What do I have to do to setup a wallet for this?
The easiest way is to make yourself a wallet at http://blockchain.info/ since the plugin uses their apis to handle the purchases, payments, and reset verification. While it's not neccessary to have a wallet hosted there, it's easier when it comes to the payout settings.
For the payout settings (screenshot above) you can either use your blockchain.info account credentials or provide the private hash of a non-blockchain.info wallet. The nitty gritty details can be found here of how that works: http://blockchain.info/api/blockchain_wallet_api
Do I have to run BitcoinID on my server?
Negative! I had thought about doing something like that, but it would be an unnecessary hassle. To keep the plugin as upload-n'-use friendly as possible, we use the blockchain.info api to handle the behind-the-scenes calls and data receivers.
Their api is very fast and allows us to make use of their own BitcoinID process (if that's what they use? not sure.).
How does the site owner profit from this?
1. Reset Odds
This is the most common way the site owner profits. As the chain gets higher and higher, the price naturally increases (by whatever % you set). Every so often - again at a % you can set - a purchase will trigger a reset of the chain, causing them to lose ownership of the Game Object.
Since they no longer own it, the next person to purchase it (now that it's reset to the starting price - configurable), the system never has to pay the person who triggered the reset since they don't own it any longer. In essence that means the buy price of whoever resets the Game Object is your profit.
2. Purchase Delay
The other way the site owner profits is when the elapsed time since the previous purchase has expired due to no new purchases. This timeframe is configurable and acts the same way as a reset.
We've just finished developing our first (of many to come) Bitcoin WordPress plugin. This particular one was inspired by the original Bitcoin Gem script.
Demo
To see what it does instead of reading the description, view a demo here:
http://bc4wp.com/bitcoin-chain-demo/
Concept
The idea is pretty simple - visitors on your site purchase your designated Game Object (in the demo, we use a ruby) for a particular price, hoping someone buys it again after them to make a profit. At a random interval (or if no purchases happen within a timeframe), a purchase will trigger a reset and the Game Object will go back to it’s starting point.
The unfortunate soul who’s purchase triggered the reset (all publically verifiably random with math) won’t own the Game Object anymore, so whatever they paid goes to you as the site owner to keep.
This plugin is fully documented with a convenient startup wizard, and allows for near infinite customization of how you want to run your chain game. Rather than continue to write on and on about what it can do and how it’s amazing, I’ll just post screenshots for your viewing pleasure.
Screenshots
General & Setup Wizard:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/plugin_overview_and_setup_wizard.png
Chain Stages:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/chain_stages.png
Players:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/players_of_the_game.png
Purchases:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/purchase_pending_confirmation.png
Settings:
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/settings_1.png
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/settings_2.png
http://bc4wp.s3.amazonaws.com/chain-game/screenshots/settings_3.png
How/where to buy
To purchase this plugin, visit our site at http://bc4wp.com and add it to your cart. We use a shopping cart with Bitcoin support, registered accounts, and access keys to use inside the plugin to unlock it.
All purchased licenses can be used on an infinite number of sites.
The Price
Obviously this software is best kept in as few hands as possible, and as it’s nature is of a money-generating sort, we've priced it as follows:
first 5 people:
standard price:
Here's a 4 BTC discount link, due to the recent price surges: http://bc4wp.com/plugin/zWnnR8D0Ufasdf342BAz
If you have questions, concerns, whatever - either post here or on our site's contact form. Enjoy!
FAQs
Does the plugin run on your own site, or hosted by bc4wp.com
The wordpress plugins we make are just that - plugins to be used inside of your own WordPress site installation. That means you can install this plugin like any normal WordPress plugin and have it work on your own remote site, completely separate from bc4wp.com's domain.
What is included in the purchase?
Other than the plugin files themselves, lifetime support of the plugin as well as updates to it are included.
Also included in the purchase is an infinite-domain license, so you can install it on as many sites as you'd like.
Can I add features to it if I want?
Technically yes, however it's best if you communicate those to us so we can implement them as options for you in newer versions. If you do custom edits to the plugin, any time we push an update it will overwrite any customizations you've made.
The theme of the public game page however can be completely themed and customized to your liking and won't be changed by any updates we push.
What is needed to get a site up and running with this plugin?
To make use of the WordPress plugin, you must first have a site running on WordPress.
There are several tutorials to do this, but in a nutshell you a) buy hosting (generally shared hosting like hostmonster/hostgator), b) upload wordpress files or use hosting company's provided 1-click install, c) add the bc4wp.com Bitcoin Chain plugin to your site either by the standard ftp method or the simpler provided "Add New" option in the plugin section of your wp-admin area.
What do I have to do to setup a wallet for this?
The easiest way is to make yourself a wallet at http://blockchain.info/ since the plugin uses their apis to handle the purchases, payments, and reset verification. While it's not neccessary to have a wallet hosted there, it's easier when it comes to the payout settings.
For the payout settings (screenshot above) you can either use your blockchain.info account credentials or provide the private hash of a non-blockchain.info wallet. The nitty gritty details can be found here of how that works: http://blockchain.info/api/blockchain_wallet_api
Do I have to run BitcoinID on my server?
Negative! I had thought about doing something like that, but it would be an unnecessary hassle. To keep the plugin as upload-n'-use friendly as possible, we use the blockchain.info api to handle the behind-the-scenes calls and data receivers.
Their api is very fast and allows us to make use of their own BitcoinID process (if that's what they use? not sure.).
How does the site owner profit from this?
1. Reset Odds
This is the most common way the site owner profits. As the chain gets higher and higher, the price naturally increases (by whatever % you set). Every so often - again at a % you can set - a purchase will trigger a reset of the chain, causing them to lose ownership of the Game Object.
Since they no longer own it, the next person to purchase it (now that it's reset to the starting price - configurable), the system never has to pay the person who triggered the reset since they don't own it any longer. In essence that means the buy price of whoever resets the Game Object is your profit.
2. Purchase Delay
The other way the site owner profits is when the elapsed time since the previous purchase has expired due to no new purchases. This timeframe is configurable and acts the same way as a reset.
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