I can confirm that Dooglus has never expressed any interest in buying MP or any of its apps, nor to the best of my knowledge even remotely involved with any group-bid. The only time Dooglus' name has ever even come up, is I've listed him as one of several escrow options I'd be willing to accept (although my preference is for 2-of-2 or 2-of-3 multisig).

And this is my first time hearing about the QuickSeller thing? I've got no idea what's happening there. Th only communication I've had with QuickSeller is that he (in private) helped me with some (primarily-blockchain) analysis on a MP bidder who I now believe was involved in a previous scam (so I obviously won't be selling to them).

Winner of draw 2 has been paid, and we've opened the ability to pre-register an address (for people who prefer to directly send money to the lotto): https://www.pevpot.com/register

I highly doubt it. In my experience the casinos with these sort of bonuses are the ones I'd least like to play at. Normally they have strings attached to make it seem like a good idea, but it's typically worse than nothing. If they didn't do that, they'd end up being abused to hell. For instance, just today on bustabit we had to disable the chat lotto due to the amount of people creating multiple accounts just to say a few spammy sentences to get 100 bits.

Sure, I'd be willing to read over it and take it into consideration. My goal with the auction is to find the person/people I would think most motivated and suitable to run the site, not necessarily the highest bidder. However, I do have have multiple offers above the starting bid already =)

Yeah, I've had a few offers, even after eliminated a few with terms I can't accept (like contingent on external-funding, wanting to buy anonymously, or buying with funded accounts) it definitely does look like the site will sell

NLNico made a nice comparison table: https://dicesites.com/moneypot

No, it's alive and well =)

It's just going for auction (See OP) after which point I'll negotiate a smooth hand over (without balances or sensitive player data), which will be accessible through a server and domain that I control. I'll publish the details when they're made concrete, and it's specifically done to remove player risk =)

Yeah, you guys are right about the featured apps. I think JackpotRacer makes good suggestions, although one addition I'd like to add is that featured apps should be using the provably fair system properly. A lot of apps have been a bid careless just sending 0 as a client seed, which I'd like to avoid (considering how trivial it is to at least randomize, but preferably save and replay in failure).

https://bitcointalk.org/index.php?topic=1243970.msg13052438#msg13052438

I'll just give people a few more hours to verify the results, before I make it official

Basically the only point of this step is to waste time.


The attack it's designed to prevent, is if a bitcoin miner bought lots of tickets in the lottery, when they solved a bitcoin block they could check to see if they won the lottery or not. If they didn't win the lottery, what they could do is throw away that block (and its 25+ btc of rewards) and never mine it. Which would effectively give them a 2nd chance at winning.

So what we do, is make the check take a long time. Like an hour-long. So the hypothetical miner, if they found a xxx006 block would have to spend an hour to check if they won the lottery. During this hour they have a MASSIVE risk of having their block orphaned (even a large pool, even if they were burning money privately mining on top of it) so the economics become pretty infeasible.

Yeah, Dooglus is correct. Tomorrow I'll update the homepage to make things a lot clearer about the early bird bonus pool.


The results of draw #2 are in:

https://www.pevpot.com/draws/2

The tentative winner 16.52418779 BTC is from 62008f827880930fce02a7d31d71fe7380ec9b5c86160d039bd96dd1d6a21fa2  ( sending 5.555555 BTC )

Yup. If you hit 385000 you'll be draw #2.  (where you'll also get 90% of the sponsorship of draw #2). But if it lands on 385001 you'll qualify for 90% of the sponsorship of draw #3

I take it this: https://www.blocktrail.com/BTC/tx/fe0950ba460a14466b2d7fa928c7fba856e502f3eebfd5ad94996c0ee08ad860?txoutIdx=0  is yours?  (cutting it close, I must say)

Only 6 blocks to go! Get your tickets in!


And remember, STARTING FROM NEXT DRAW (#3)

10% of sponsorship money goes to me (commission), and the remaining 90% goes to the: "Early bird bonus pool".

When someone wins the lotto, we get the block-height of their transaction and figure out:


You get this fraction of "Early bird bonus pool". What ever is left over, will be carried to the next months early bird bonus pool.


(Or in short: You'll be rewarded more for buying tickets early)


[Note: the 10% commission is only charged on sponsorship money, not players tickets. So you always win at least the sum of all lottery tickets)

Yes, absolutely

Yes, the new owner would have to host it themselves. (I will help them set it up though)


There's no way the site can take a loss on its commission (e.g. the 1% from cold deposits, or a tax on investor profits). But probably the most sensible thing is for the owner to invest in the bankroll themselves (considering it has no counterparty risk), which can absolutely lose large amounts of money due to a lucky whale.

BTW if you pay with the coinbase from a fresh block, it should work but won't be pretty. The earliest that coinbase coins can be moved is after 100 blocks (due to coinbase restrictions), but my code won't handle it perfectly. My code is unaware of this bitcoin restriction will actually fail to send it, and start doing an exponential back off, so by the time it sends it to the lotto address will be likely hours after the 100 block restriction expires. If you're planning on mining direct into a forwarding address, let me know and I'll better support the whole thing.

Thanks


That's kind of intentional, as I was planning on adding a "Do everything" button.


Agreed, although that would require me to modify the PBKDF2 function to expose some progress events, which makes it more difficult to people to see I'm using an unmodified/fair library

Correct, and yes

https://www.pevpot.com/verify

I've made an in-browser verification tool!  It has the benefit of using completely different libraries, and data source than I actually use. So it's a nice way to cross-check the results.



(Technical note: Step 1 of the verification tool is a little fragile, because it uses the bitpay insight API to get transactions, but the API doesn't say the block-height of the transaction, but how many confirmations it has. So I get the current block-height, and subtract from it. But if there's a block confirmation during the fetching step, it could give wrong results. I plan to switch to blockcypher API when they fix missing-data bug that they confirmed exists)

It was a close toss up between that and George Bernard Shaw's "The many must lose in order that the few may win"



Yup, although it has the undesirable aspect of the final block being EV0.  I think it's worthwhile though, as from talking to people it seems the appeal of a large-pot is much more than the appeal of a small amount of EV (when the probability of winning is so low). I've talked to a few people who have said that the pot as it is just too small to get excited about.  So by scaling it harder, it should mean the +EV hunters will want to bet much earlier, filling the pot up for the more recreational players. =)

^ Good idea, thanks. I've talked to a few people and this is how it'll work for draw #3

STARTING FROM NEXT DRAW (#3)

10% of sponsorship money goes to me (commission), and the remaining 90% goes to the: "Early bird bonus pool".

When someone wins the lotto, we get the block-height of their transaction and figure out:


You get this fraction of "Early bird bonus pool". What ever is left over, will be carried to the next months early bird bonus pool.


(Or in short: You'll be rewarded more for buying tickets early)


[Note: the 10% comission is only charged on sponsorship money, not players tickets. So you always win at least the sum of all lottery tickets)