I was planning to explain some things and the thread was locked. Why?

I'm sorry I didn't mean that. If that's what we are causing, then we will take it down. But what stops the others from doing the same? How will you try to stop everyone looking at opportunities with bitcoin? Doesn't the solution lie in scaling bitcoin?

The question remains that I honestly still don't know the answer: Are we harming bitcoin now? If this gets popular, will we really harm it? I was waiting for Gavin's reply for my post earlier. I hope he will. I look up to him being the technical lead.

We are also considering other approaches like running a website but observing the same principles. Lottery and time deposits and lending.

Well, I hope this will be the catalyst to improve the blockchain. Have you  tried winning bigger than 0.0005btc?

Unfortunately, only time will tell and prove that we can sustain it. We will move in two directions. A satoshidice-like lottery and this but with longer confirmations. And then we will tie up with the trusted borrowers in this forum and lend to them.

Next year will be the target until we get enough data as to how we sustain it.

I didn't expect this kind of reception from other forum members this early but i'm still excited. In due time, we will prove ourselves.

We will be increasing the confirmations to 6 before processing within the next few hours. Thanks everyone for helping us out.

Hi Gavin,

It's an honor you visited this thread. I completely understand where you are coming from. However, that is not our intention here. I am also a programmer and I am also involved in various open source projects that helped humanity. I assure you we have the purest intentions. But as I said, I totally understand you. I guess you can deduce from my previous posts our roadmap on how to try to run a sustainable business using bitcoin. This is just to have something to start with.

I find a little disturbing, however, if you intend to tell me that bitcoin can't scale to a level when our plans will take off. I really don't know how scalable bitcoin is as of the moment. I am more into business applications now.

If you are saying so, we can always stop what we plan. If it means we can't sustain our plans for scalability reasons of bitcoin, we can always reconsider albeit a little too early. We have prepared a budget for all these and test the waters. I can always recommend to our management to stop our plans and inform the public beforehand. It was never our intention to scam people. How I wish I can tell you right now what company I'm working for. I just still can't. But it surely will remove all doubts.

For the time being, I will let Hunger Coins run and continue what we originally plan.

I hope to hear from you and more power.

Signing off. Good luck everyone. I'll be back soon.

You can't lose. Never. But we can't sustain it. This is just a beta test. We have computed the budget and we believe we will last until the end of the year. We will also slowly increase the confirmation times so there will be a delay of when you will receive the payments. Right now it's 30mins. So think of it as "better than 0.2%" for 30mins. We definitely can't sustain that. We will find the balance of the best times and the market reaction. The more we delay the confirmations, the less people will join us. The less we delay it, the more we can't sustain it.

We will also be deploying some kind of lottery with big jackpots. And some kind of short term time deposits. Right now we need to gather the data that's why we have to shoulder the expenses.

Good luck. Thanks for trying it out. I hope you sent every one of them in different transactions. Otherwise, only the first one will be valid.

I suggest you use electrum to control the transaction fees. Also, please send 0.25BTC per transaction. If you send multiple times in one transaction, only the first 0.25BTC will be considered valid. The others will be returned with 0.001 deduction.

Yes it does. but i suggest you use elecrtum so that you can control the transaction fees. It makes it cheap.

You combined sending to the address in one transaction hash. Only the first one will be considered valid. The others are invalid. Remember your ticket is your transaction hash. Only one ticket per transaction. You must send only one 0.25 per transaction.

Checking on it right now. Somehow your transactions were flagged as invalid. Sorry. Will get back to you in a while.

Signing off. I'll check back every now and then. Good luck everyone.

Really? I never tested it. Glad to hear it's working for you.

Btw, what client do you use?

And before that happens, I must deploy a real money making lottery with big jackpots. And some kind of time deposits but not at this rate. probably 0.6% per 24hours. But not sure yet. As long as we can sustain it, we surely will have the best offers.

Lol you can't. The budget given to me is less than 1k btc until december. 

Let me know what happens. Thanks!

Detail of the loan is here:

https://bitcointalk.org/index.php?topic=104630.0