Bitcoin Forum

Would you guys be  interested if I were to make a site that would give sayyyy... 110% back to all  investments but I pay you after there have  been 110  transactions and  before theround starts I post a md5  hash of  a number  that I chose  randomaly and  then  at  the  end of  the  round I  reveal  the  number just pretend it   was 110 then whatever investment  was the  number (110th) they wouldnt be  paid  and their btc is  used  to   pay the   others.  In short everyone  would  have  a 99.09 % chance  of  recieving 110%.

Comment below whether you  have a way  to   to  improve  the  idea and if  you  would  invest  in the site if  I were  to  make  it.






P.S. Concept is reserved by me

I like the idea. I would play if a site like that would exist.  As long as the system is fully automated, no manual transactions.

I was  planning  on  making a site like  that  but the  problem is that im  no expert in  developing and coding  and stuff and  I don't  know  how to  setup the automatic payments. Besides its  only one payment that  occurs  after  there  have  been  110 transactions.

This idea has already been implemented on the website cryptotreasure.com (http://cryptotreasure.com/?a=11e37) - it also gives first hash MD5, and then displays the result. Odds are 1.5, 2.0, 2.5 and so on ...

Look here - https://bitcointalk.org/index.php?topic=1043612.0 (https://bitcointalk.org/index.php?topic=1043612.0)

Ya  I  saw  that and i'm  being dead serious when i say  that I   thought of  this  md5 concept the morning  before  they  published  that  post but  anyways there idea i  believe  has  a higher  chance then my idea to  get a lower  amount then  what you deposit  while my  idea gives everyone  the same small  chance of losing, its  kinda like a lottery but  the lucky  number loses in this  case

Well... just do it! i will do investment if it will be fair MD5 hash proof site!

K then if  your saying   you'll invest  then  im  sure others will  too  and i  will make the  site   and  the  payments will  have to  be manual but  would u  guys  mind  if  the  site  is  on a  free  domain  name just  so  that I  don't  have to make  some large fee  for  each transaction?  So in  the  short run the free domain will  benifit you  guys.

MD5 can easily be broken by rainbow attack.

Well how about this... instead of saying its md5 at the beginning of the round i use something like This (http://www.sha1-online.com/) to right down the number and encrypt it in one of those several ways and then I show at the end of the round the number and the type of hash which was shown.

Also if i were to use md5 only i could add multibple zeros to a number so its more complex and say tht take away all the zeros that are part of a zero and get anwser. ex. 00400000000000000000004000 would represent 44 but i would encrypt 00400000000000000000004000 into a hash

This would only mean more trust on U. Moreover, in your 110 deposit example, u can be the highest depositor yourself... because u already know the seed. This game will have many flaws. Plus dependency and trust required. Better come up with another idea.

Interesting idea!  One problem, you will be holding a large amount of btc for a long duration.  Or did I miss something?

why not just create the site then get our feedback lol.

What do  you mean?? I   wouldn't deposit into my  own site first of all and I would show  you  guys  th  hash before the  round begins.


Well   i was  just  giving an example  of 110   transaction   rounds I  would probably  be doing only  30-50  transaction rounds maybe  and  I  wouldn't really  be  holding alot  of bitcoin cause  the  minimum  would  probably  be like 0.001  BTC  and that times 30-50  is just 0.03-0.05  BTC

I'm getting to  that

If any manual intervention is the game then I wouldn't invest in the system. So if possible make 100% automated and I will give try.

I like the idea

It will be the same if you'll be playing dice, but with less chance  :)

Yes, thats looking really good. Do it if you can man.

So ya im getting close to finishing the site but I was wondering if any of you could help with this https://bitcointalk.org/index.php?topic=1046566.msg11273613#msg11273613

I'm  pretty  much done i'm  just looking  for  a way to show the number of transactions  and I've been   trying  to embed  it off of blockchain  but  the pixels and sizes for iframe is messed up

I see its a some what nice ideal, lets keep ur fingers crossed hopefully its good enough and has much value compared to others

yes its a good idea, but sharing your business idea in public is not a good idea,a lot of copy cats are there who can steal this idea and launch a site before you.you should develop it and then share it

I'm done BTChash101 (http://btchash.acoxi.com/)  ;D I know it seems kinda all over the place but ill be working on that

I dont know about creating more sites to this forum, it feels more saturated due to the older sites having all the players go into their pockets.

id like to know where the 10% will come from? lol.

From the rest of the investors

cant give much feedback, because it describes like every other site saying a small % back.

just link a site thats doing similar to yours?

Ehh..I think your math is wrong.
Also, how is this any different from just gambling?

Most of  you  were  saying you would  invest in site yet none  of you  invested  yet?? I  just wanna  say that if you  guys were to  invest the max limit  which is  10 times you would most of  the  time  get  a positive return even if one of  your transactions was  the unlucky one