Bitcoin Forum

Hello everyone! Thanks for looking at my thread.

I'm hosting a lottery at this url http://bitpoker.biz/bitgamer/games/player-pages/bananingtons-player-page.

The drawings are every Monday at 6PM EST. Each ticket costs 1BTC. Try it out and give me your polite feedback please. I'll make edits based on suggestions. Thank you.

Feedback:
-there is no way that people can be sure what address they will be spending from therefore will get tickets and have no idea who's it is
-there is no way to verify how you are picking the winner -they just hope you are randomly picking someone?
-you take 25%???

20% is to much I take only 2% of each entry in my pyramid...make it 5% or even less

Thank you.

• I changed the frequency from daily to weekly.
• I changed the commission from 25% to 20%. I am considering making it lower based off of the communities feedback.

I appreciate everyone's feedback. :)

Dude, crack kills... you should stop smoking it.

After pondering the meaning of your comment for several minutes I have come to the conclusion that the commission will be 5% but ticket prices are increased to 1BTC each. So hopefully this satisfies the thrillseekers.

I also give the community my word as a bitcoin user that I will not do you wrong.

Thanks for the feedack.

You still haven't addressed my points. People don't know what address it's coming from. Anyone who sends with MyBitcoin is pretty much throwing their money away! You have to be specific with how you are paid. And picking the winner: "my word as a bitcoin user that I will not do you wrong" for picking the winner? O...k...

Also as a general warning:

Date Registered:   Today at 10:30:05 am
Last Active:   Today at 09:53:36 pm

That's his profile, would you trust a completely new person with your 1 BTC?

Thanks, I've updated the info to let the people know they have to use the Bitcoin program to pay. Is that specific enough and easily understood? Let me know.

As for picking the winner I use a random name selector here at http://primaryschoolict.com/random-name-selector/.

Anymore suggestions? Thank you all for your help.

Who's to say you're not going to "randomly" pick yourself to win?

there's really only one way to find out

No one. Who's to say that the West Virginia Lottery isn't rigged?

Can you tell me how I'm to prove that I didn't "Rig" the lotto?

How? Please don't be a smartass.

buy a ticket!!

Look at how this is run. (http://www.bitlotto.com/details.html)  It's not hard to make a lotto that is pretty much impossible to cheat.

I tried this a few weeks ago..but people just dont trust ya..

You can watch it. It would be pretty hard to rig!! How would you alter the outcome? It would be pretty hard. With yours it's: just let some anonymous person tell you what it is. There is no way for others to verify.
People are getting at that you could tell people over and over your are really getting a random number but it would be indistinguishable from a "random" number that wasn't random at all but a fraud.

That can be fixed by posting a bond greater than the expected pot to a trusted member.

Plus I wouldn't even pay a whole bitcoin for a ticket. I'd pay like .1 at most.

Heh, I run a weekly lottery, im on week 10 and charge only .1 and .01 per ticket.  I'm pretty visible in these forums, and I still don't get too much action on my site yet.  And I only charge 2%.  Good luck to ya.

~13$ per ticket? I'd sooner go out and buy a real lottery ticket for less than half that. Also, if I was paying ~13$ per ticket, I sure as shit wouldn't want the tax man (YOU in this case) taking %20 for doing pretty much nothing.

Lol, Thanks.


The winnings will be greater for it.


I set up and run the lottery. What do you do? Spend 1BTC... Jeesh. It's not like I'm taking hundreds of BTC.
(NOTE: The "tax" is 5% now.)


I don't understand that to be honest. It doesn't mean that I can't run a lottery. Doesn't the network run on trust? lol. There are no guarentees. You send your money and you hope I pay up. If I don't, the bitcoin network knows to avoid the bananington in all future endeavors. All you would have lost is a measly 1BTC.

Take a chance and buy a ticket people. It may be gambling but I'll pay up.

(Note: If anyone wants to explain how the Bitlotto runs completely transparent. I would appreciate and maybe attempt to duplicate it.)

Said explanation would be in the link I provided before.  Here it is again. (http://www.bitlotto.com/details.html)

That page gives a detailed explanation of how his lottery is run, hence how it's run completely transparent.

It's just a simple lottery. I'm not going to get numbers from the real lottery because, to be frank, that's too much work.

I'll list winners as well as the amount they won and their address. I'm not sure on how the bitcoin network works yet, but can't you check to see if the BTC actually went to that address?

You can't determine the identity of that address though, huh? :/

Example:
Say 9 people buy a ticket. You send some money to mybitcoin and back to a new wallet. You then buy 1 ticket. You then tell everyone you are using a random number but in fact you just send the winnings to your address. You post the winner and congratulate them and start another round. No one knows that you just paid yourself. There is no way to know if you did that or not. Bitcoin is kind of anonymous depending on how you use it and that's why HOW you pick the winner is important. Unless you design it such that you can't manipulate who wins, there is always that possibility. 

Just use hypercam to record and have everyone post there address here

Truthfully, that wouldn't really prove anything. They could just make the video over and over until they get the results they want.

true that

He could use two windows, one open to time.gov and the other to his randomizing. And then set a time on a designated time zone such as PDT on time.gov and then right when that time hits to do the randoming process.  Therefore he wouldn't have the chance to run it multiple times.

You're right. Sigh. Maybe I'll just sell some of my stuff then. lol.


I appreciate both of your guys's attempts to help make this cheat free.

I just wanted to set up a simple lotto. You guys and your trust issues rub me the wrong way.  :(

Ah don't take it the wrong way. It's just that these type of lotteries, if not set up right, are easy to scam people with. I've seen it done. They think its easy money and won't get caught. Others here are just trying to protect players and help you fix issues. That's all.

I can vouch for the legitimacy of this guy, if that means anything to anyone. He is using my site to run his lottery, so if he doesnt pay you SOMEONE will. Plus, his account would be terminated if he is found to be doing any fraudulent activity. He's just new to Bitcoin and trying to find some other ways to make them without having to go to an exchange. We should help the newbies out!