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Topic: Win one bitcoin - page 5. (Read 1291 times)

legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
March 02, 2019, 06:13:24 AM
#57
I am seeing good progress despite the doubt we have here. I see there are a lot of members who suggested escrow for the safety of the fund but no sure if the OP is still up for that. Anyway, good to see the spots are filling out. 19 filled up so far. Good number.

~snip~

This is where we need to think sensibly because greed is something which if we can control things will only become better for us. And we fall in this trap of greed seeing lucrative 1 btc then we know what are the chances of our winning as compared to others.

If you buy 1 spot then your chances are 1/1000 which is way better than the national lottery. The big hesitation here is that trusting the OP where in NL you trust them.
hero member
Activity: 1218
Merit: 557
March 02, 2019, 02:43:47 AM
#56
1BTC is a pretty juicy jackpot for me. 17 people already bought there spot ! The title itselfis pretty tempting , but for small player like me. i cant take the risk for now. And it just started , I mean will there be a winner even though not all tickets are sold ? Will just stay on the corner for now first.  Huh

This is where we need to think sensibly because greed is something which if we can control things will only become better for us. And we fall in this trap of greed seeing lucrative 1 btc then we know what are the chances of our winning as compared to others.
member
Activity: 293
Merit: 12
March 01, 2019, 06:57:40 AM
#55
1BTC is a pretty juicy jackpot for me. 17 people already bought there spot ! The title itselfis pretty tempting , but for small player like me. i cant take the risk for now. And it just started , I mean will there be a winner even though not all tickets are sold ? Will just stay on the corner for now first.  Huh
legendary
Activity: 1792
Merit: 1283
March 01, 2019, 05:53:59 AM
#54
I've gotta say that it's a pretty unique concept.
Others have mentioned it in this thread, but it reminds me of that Million dollar website, where people can buy blocks of ad space.

15% house edge is very steep though, I mean i don't even know of any other gambling websites that have such a high house edge.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
March 01, 2019, 05:31:35 AM
#53


Escrow will be good to give players more confidence of payment, but still the game is not interesting enough to attract users. We have seen many failed similar projects even with lower ticket price. Lottery or similar game like this is not really popular in this bitcoin gambling industry, the fact says that the most successful gambling game in this industry is dice game.  Easy to play, instant result (no need to wait other gamblers), etc. The main problem of this kind of game is "waiting". Many people do not like wait for unknown time to see the result, it makes people worry to play as the game may not even happening after a year unless there is someone willing to buy so many squares.

As I have suggested before, they should start with lower number of squares. Or give some some more games with different number of square. So users may choose which games to play, if they want to get faster result then they can choose game with the lower squares. Keeping on this 1000 squares, I'm pessimist that this site will survive for long time.  
There are some good insight in your first paragraph. People do not want to wait for a draw. They want instant result. However someone we are adopted with the national lottery but that's different story. People do not mind to spare £1 or £2 for lotto.

I do not think even lower number will have an increase number of interest to get people in the game.
legendary
Activity: 3066
Merit: 1312
February 28, 2019, 04:42:20 PM
#52
Hi, I'm one of the manager of this project. I have to say that any project has expenses for development, advertising, promotion and etc. So that is the reason it can't be 0.001BTC for a square. Actually the total income of the house will be about 15% from this game after all expenses.

About escrow it's really good idea. Please recommend us some trusted escrow to put there 1BTC prize.
You can go with MinerJones, OgNasty, DarkStar_, krogothmanhattan, Hhampuz. These guys are really good at what they do. They are long term and trusted guys in the forum. They can hold the 1BTC for you.

An escrow will give you more business then you are thinking of.

Good luck.

Escrow will be good to give players more confidence of payment, but still the game is not interesting enough to attract users. We have seen many failed similar projects even with lower ticket price. Lottery or similar game like this is not really popular in this bitcoin gambling industry, the fact says that the most successful gambling game in this industry is dice game.  Easy to play, instant result (no need to wait other gamblers), etc. The main problem of this kind of game is "waiting". Many people do not like wait for unknown time to see the result, it makes people worry to play as the game may not even happening after a year unless there is someone willing to buy so many squares.
As I have suggested before, they should start with lower number of squares. Or give some some more games with different number of square. So users may choose which games to play, if they want to get faster result then they can choose game with the lower squares. Keeping on this 1000 squares, I'm pessimist that this site will survive for long time. 
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
February 28, 2019, 04:15:48 PM
#51
Hi, I'm one of the manager of this project. I have to say that any project has expenses for development, advertising, promotion and etc. So that is the reason it can't be 0.001BTC for a square. Actually the total income of the house will be about 15% from this game after all expenses.

About escrow it's really good idea. Please recommend us some trusted escrow to put there 1BTC prize.
You can go with MinerJones, OgNasty, DarkStar_, krogothmanhattan, Hhampuz. These guys are really good at what they do. They are long term and trusted guys in the forum. They can hold the 1BTC for you.

An escrow will give you more business then you are thinking of.

Good luck.
newbie
Activity: 3
Merit: 0
February 28, 2019, 03:23:29 PM
#50
Hi, I'm one of the manager of this project. I have to say that any project has expenses for development, advertising, promotion and etc. So that is the reason it can't be 0.001BTC for a square. Actually the total income of the house will be about 15% from this game after all expenses.

About escrow it's really good idea. Please recommend us some trusted escrow to put there 1BTC prize.
legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
February 28, 2019, 10:56:12 AM
#49
~snip~

Why do you think it is not profitable? I think it is possible to win. The chance is very good
I assume you are talking about this:
Quote
0.001 * 1000 = 1 BTC and this is not profitable for them.

Your prize money is 1BTC
If you collect 1BTC after selling all the slots and give the same for the prize then how are you going to keep your cost and other things to manage this business.

The other users was proposing the slot prize 0.001BTC

I hope it make sense now.

Cheers :-)
jr. member
Activity: 212
Merit: 1
February 28, 2019, 04:07:03 AM
#48
So far the statistics from the site showing 4 squares sold out with 996 squares available to buy which mean probably this game eventually would be lack of interest and still no winner announce yet

Actually it's an interesting site for companies, since they can do some cheap advertising until the game gets traction and the rounds will become shorter.
Although with the house edge bound to rise !!?! I think that the game owners' greed will make the game unsuccessful. Oh well...

Perhaps you `re right. However, this is a game, and it is not a steady income. The main thing is that it is attractive to the player and comfortable.
jr. member
Activity: 212
Merit: 1
February 28, 2019, 04:05:18 AM
#47
The cost is too high for me so I skip the chance to win one bitcoin, I hope that you guys can be the winner.
I think it's not easy to predict which square which will comes out as the chosen one but it's a new system to play gambling and I like the design and the idea.
If you can keep your work and make it more better, I think you can get more visitor to come to your site.
But still, it's too high  Cry
LOL don't be sad Grin

This game is not for everyone though and it is just their choice if they want to join on that game but my concern is that the cost was too much to sell 1000 slots for 0.002 to 0.005 BTC. As the above stated the house is winning too much and the rest is like donating their Bitcoin to the winner.

game fun No one plays the last money. A person should feel extreme and fun. You need to feel that he can win money and even win.  Wink
jr. member
Activity: 212
Merit: 1
February 28, 2019, 04:03:28 AM
#46

I would be more interested in investing if the cost of each square was 0.001 BTC and a recognized escrow service was provided.
0.001 * 1000 = 1 BTC and this is not profitable for them.

Anyway, from my observation, I think the price is not attractive also the entry free. When people calculate they will keep 1BTC (assuming 0.002BTC per slot) and they will give away another 1BTC, they (people) lose motivation. As one of the member suggested they can keep a percentage of the collected money. Max may be 20%.

I see there are only 3 squire sold so far.

Assuming the price of each square is 0.001btc, owner can still take a fee from the total prize pool like general lottery game. What is offered by this site does not make senses at all. The house may get more than the prize pool if all square are sold. Owner should think better how to attract gamblers, even a normal lottery game is hard to get interest.

Why do you think it is not profitable? I think it is possible to win. The chance is very good
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
February 28, 2019, 03:40:02 AM
#45
So far the statistics from the site showing 4 squares sold out with 996 squares available to buy which mean probably this game eventually would be lack of interest and still no winner announce yet

Actually it's an interesting site for companies, since they can do some cheap advertising until the game gets traction and the rounds will become shorter.
Although with the house edge bound to rise !!?! I think that the game owners' greed will make the game unsuccessful. Oh well...
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
February 28, 2019, 01:40:44 AM
#44
So far the statistics from the site showing 4 squares sold out with 996 squares available to buy which mean probably this game eventually would be lack of interest and still no winner announce yet

Yeah, they should have started with less squares. I think 10x10 would do for a start. If they are going to scam (which we can't exclude), expecting someone to buy up all 100 squares might be a reasonable idea after all. Then they would just shut down the shop and run away with the money. If they are in it for real, they could start adding more squares after assessing the first results and probably entice users with more features (like real lotteries do all the time) as they gain experience in this field

But we can't think for them
legendary
Activity: 2898
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
February 27, 2019, 09:12:12 PM
#43
So far the statistics from the site showing 4 squares sold out with 996 squares available to buy which mean probably this game eventually would be lack of interest and still no winner announce yet
sr. member
Activity: 2506
Merit: 368
February 27, 2019, 02:05:16 PM
#42
The cost is too high for me so I skip the chance to win one bitcoin, I hope that you guys can be the winner.
I think it's not easy to predict which square which will comes out as the chosen one but it's a new system to play gambling and I like the design and the idea.
If you can keep your work and make it more better, I think you can get more visitor to come to your site.
But still, it's too high  Cry
LOL don't be sad Grin

This game is not for everyone though and it is just their choice if they want to join on that game but my concern is that the cost was too much to sell 1000 slots for 0.002 to 0.005 BTC. As the above stated the house is winning too much and the rest is like donating their Bitcoin to the winner.
legendary
Activity: 3066
Merit: 1312
February 27, 2019, 10:28:02 AM
#41

I would be more interested in investing if the cost of each square was 0.001 BTC and a recognized escrow service was provided.
0.001 * 1000 = 1 BTC and this is not profitable for them.

Anyway, from my observation, I think the price is not attractive also the entry free. When people calculate they will keep 1BTC (assuming 0.002BTC per slot) and they will give away another 1BTC, they (people) lose motivation. As one of the member suggested they can keep a percentage of the collected money. Max may be 20%.

I see there are only 3 squire sold so far.

Assuming the price of each square is 0.001btc, owner can still take a fee from the total prize pool like general lottery game. What is offered by this site does not make senses at all. The house may get more than the prize pool if all square are sold. Owner should think better how to attract gamblers, even a normal lottery game is hard to get interest.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
February 27, 2019, 10:19:49 AM
#40
From what I am seeing on this game, Chances of winning from your 0.002 BTC bet, for example, is only 1%? so winning is impossible? Damn, we need 1000% luck to win on this one!

Yep, the chances are too low compare to the money we use to bet. We need more than 10000% of luck to win Grin

I am not sure who can win the game because when he can attract more player, it means his goals will reach in the short time and he doesn't mind to give 1 bitcoin because his profit is 4 bitcoin hahaha.

And after that, he can get relax and enjoy the money Grin

If that happens, I think I will create a gambling site and invite as many people as I can to play on my websites, and I will get a lot of money from my site.
full member
Activity: 1736
Merit: 121
February 27, 2019, 10:08:50 AM
#39
From what I am seeing on this game, Chances of winning from your 0.002 BTC bet, for example, is only 1%? so winning is impossible? Damn, we need 1000% luck to win on this one!

That of course is a big issue to look at. Yes it has been made in a way that it is very difficult to win big, limiting the chances of gamblers yet we are hearing win 1 bitcoin, how visible can this be  Huh Roll Eyes
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
February 27, 2019, 05:53:21 AM
#38
I like the concept however since you do not have any reputation in the forum, I will suggest to escrow the prize money to a trusted forum member and then market the website. The escrow will ensure that the winner will get paid 100%

Is it possible to do this with a smart contract?

I mean not with Bitcoin (which seems to be impossible yet) but with some other coin like Ethereum. From a user's perspective, the difference is pretty negligible between the two coins (for this thing), but the issues of trust will be greatly alleviated. Escrows these days cannot be trusted either even though 1 BTC is not so great amount to scam on. So I think making use of a smart contract is the right thing to do here, people may actually get interested
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