following with interest, this would be a good spot power/price wise for me
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Many normal Chinese people play with the stock market. I tell some that what they do is too risky but they do it anyway. It is basically gambling, but if they knew they could do the same thing with bitcoins....
like Bitlotto where 99% of the funds bet are returned as a jackpot prize to the winner, last one was > 100 coins https://bitcointalk.org/index.php?topic=34007.0;all
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I noticed too! I kind of dread the thought of one day someone winning never to check their wallet again. I guess that happens with other lotteries too. Someone wins but never realizes and throws out the ticket. try sending them 0.10770 BTC maybe though if they're not checking their wallet or have lost it it won't help jog their memory, blockchain.info wallets notify one of payments received I think
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or they made a mistake & sent the bet in from somewhere like Gox where the sending address that Gox uses are not the same as account deposit ones
another tweak that you could make (maybe for when it's a jackpot of over 100 coins) would be that peeps have to claim their win by sending in a token small amount after the draw to show that the address is still active & hasn't been lost, you could also send out daily small token amounts to help notify them, then if after 1 month or something of the prize not being claimed it's just rolled over to the next month for a bigger prize or 1st & 2nd say, or went in to a pool for a once a year fat one - none of this would help though in the case of using Gox etc to bet where if/when you realised you'd have to contact Gox & try to claim the payment in to one of their sending addresses that was on your history
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I believe that it's only for smart phone users, I've already asked that a simple 2FA could be an option for others, like a PIN or email confirmation needed for withdrawals, a drop down secret info input or better yet Yubi Key - so easy to set up & with so much at stake I wonder why this hasn't it been done as yet? There must be other clients that don't have a smart phone, blockchain.info wallets have a Yubi key option like Gox, Dwolla has a PIN, I have much less coins/cash on them than in Bitcoinica, please implement something soon Zhou
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that's great news, as we're already well in to April's draw, I pledge placing a 100 BTC bet in the first few days of the May draw ~ with a 99% return to players that has got to be worth at least 0.25 BTC of anyone's money for a shot at the pot, which should be easily worth a BTL's Bitforce Single or 3 by the end of the draw same conditions as original pledge, price over $5 etc
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cool as, I'll keep it updated & work on putting up member forums too
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I will shoot myself if astana, dareq or some other scammer ends up winning this.
What will happen if that is the case?
We would then have their shipping address and other personal information, and it would be winrar. But what about the BFL Single? Will they receive that as well or one of these? painted balck of course with just the red nose LED-ed
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many thanks, each of say the 40 tx needs to be sent as a distinct tx on the blockchain because the tx is the lotto ticket, well it's hash is, so all need to be different & not bundled even though they're all going to the same address, so looking for a way to do this with a wallet that wasn't just manually entering 40 different tx, you'll get better feedback on this once the Bitlotto peeps have replied
edit: each tx is for 0.25 BTC with 0.0005 added as miners fee
edit 2: & it would be nice if it was easy to repeat each month to that month's lotto receiving address once that had been manually entered in to the wallet as recipient for another 40 times 0.25 BTC tx
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for complete newbs, like me , who don't even know how to search the spreadsheet for one's SHA-256 email address, just copy the SS & paste it in to a reply draft in this forum & your SHA-256 email address in to the search box for it to be highlighted, I'm in
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I've pledged a 5 BTC bounty for someone to write an open source script for making large wagers on Bitlotto (atm the bets are for 0.25 BTC each so to wage 10 BTC takes 40 tx which is a pain to do manually), if a wallet service enables a 'repeat transaction n times feature ie same amount, from same address (or different ones if that's more practical) to be sent to just 1 receiving address (that month's Bitlotto address) then I would award the bounty to who ever made this first https://bitcointalk.org/index.php?topic=34007.msg803814#msg803814
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One way would be to get a wallet to add this feature. Ask StrongCoin, BlockChain.info, Armory, etc. and see who adds it first. Simple to add to a wallet and then it would be safe. Just a way to say do this same transaction N times.
before I post on Armory's thread to offer the 5 BTC bounty to any wallet service that implements this first (if it's before someone comes up with a script to do it on Bitlotto's end), I just want to check that it would work, when I send coins from my blockchain.info wallet after 2 or 3 tx from the same address that address is temporarily drained of coins due to Bitcoin's weird feature of grabbing a bunch to send back to itself with every tx, wouldn't the same problem affect any other wallet service or is there a way around this, maybe it would have to be: for this same tx to be repeated n times, it first sends x amount needed (in case 0.2505 BTC) to n different new addresses & then on from those n new addresses to the current month's Bitlotto address (each time adding the 0.0005 BTC fee) & keeps those n new addresses in an address book folder or something in case one of them wins & is sent the prize - or is there an easier way to do this for a wallet service? edit: posted the request on Armory's thread for feedback from there anyway, feedback on how this would work here also appreciated
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better & better, here's a fat second pledge, the first month that you get this up & running I will bet 100 BTC* in a lump sum in the first few days of it being open & like the BFL Bitforce Single raffle the sweeter the honey pot, then the more will come swarming in to pollinate it... edit, I'd then expect, just guessing, at least 500 BTC to be wagered that kick start/kick off month because 100 coins is certainly worth a punt at on 99% payback to players, but the sky's the limit if I happened to win then I pledge do the same for the next month & continue until losing Otoh ~ helping to make it happen *edit 16 March: on condition the Bitcoin price is still > $5 otherwise I'll (most likely) wait until it is so in the first week of a subsequent Bitlotto before betting
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One way would be to get a wallet to add this feature. Ask StrongCoin, BlockChain.info, Armory, etc. and see who adds it first. Simple to add to a wallet and then it would be safe. Just a way to say do this same transaction N times.
perfect! can't wait & has loads of other potential applications where you regularly wish to repeat the same tx, either at same time, regularly, or just later
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cool, no that's not me (looks like it's a dumb Mod, see address , I'm newb -1 lvl, I learnt how not to fail at that last month, loads of peeps like me will take for ever if ever to run a wallet on their computers because it's just too much time you have to invest in trying to understand & secure it, my bank is Gox, my wallet is blockchain.info atm for under 50 BTC, soonish I hope to move my main holdings to Armory wallet but that I know will be a while as it needs debugging, I will have to get familiar with it, would like a dedicated offline comp for it with windows & stuff, so takes time the way I'm suggesting works just like you already have set up, but you just take the funds sent in a lump sum to designated fat addresses 'the gordos' & either manually or with a bot somehow resend them in an open/trackable manner to whichever month's lotto is current in 0.25 slices - it will be big, I promise you & like the Gox, the first one in gets to win
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in the same time frame bitcoins are up more % wise & if you'd have taken my timing/strategy advise (as it looks like someone else did), then we'd be over $6 now np, next time maybe live 'n learn
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just bought a few tickets first time to use bit-pay, so easy
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