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Title: Bitcoin Gambling Idea. Would you do it? What are your thoughts? Post by: pixel375 on June 06, 2016, 07:51:08 AM Hey guys. This is my first post here.
So basically I'm thinking about turning one of my websites into a type of bitcoin gambling website. On this site people sign up with their wallet address, and send bitcoin to the specified wallet address. 0.01btc would be one token. Those tokens are collected in a pot. After a few days, a few random tokens are chosen as the winning tickets. The winning amount is split equally between the winning tickets. I made a little picture showing this visually. http://imgur.com/2dWjGpG Also I want to add a chat box to that site, just so people can see that everything is legit. And I will be receiving about 1% of the pot, just to keep the site running and for server upgrades. The website will be nice and neat, with absolutely no advertising. And I might make several pots. Because the lower the number of people / pot, the higher the chance of winning big. What do you guys think? Would you join in once I get the site up and running? What would be some security concerns? I want to hear all your thoughts and opinions. Thanks Title: Re: Bitcoin Gambling Idea. Would you do it? What are your thoughts? Post by: Joel_Jantsen on June 06, 2016, 09:54:40 AM That is not something new.You are basically running a bitcoin lottery ,several of them already exists.What you can do is take the concept of the lottery and make something unique rather than traditional token system.Also which algorithm are you planning to use to generate the lottery tickets randomly ? You haven't mentioned how provably fair your website will be.That's the main concern for a lot of people.No one would simply buy tokens if they have an insecurity of the numbers being manipulated.Before implementing check out your competitors and see how bad they're doing.With dice and casino games no one literally plays a lottery!
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