I agree that a huge business accepting bitcoins would be excellent and launch bitcoin into the stratosphere, but it just won't happen. When 50 small businesses accept BTC then a medium one will, when many medium ones do then a large one will, when a few large ones do then we will be off. But it just makes no sense for a large established company to jump on the chance to use an unknown, rarely used currency.

If you think bitcoins are valuable, sell what you do for bitcoins. I play poker and win pokerstars money, I am willing to sell it for bitcoins.

I want to learn to program too, I am very glad there are so many programmers and site builders making things like the poker room, lottery, and randomizer. And silver on the bidding pond too! I've bought over an ounce.

Yes! 

For sure, gotta pay the bills.

Sorry, I mean run two that will take different lengths of time, a pick4 and a pick6 or a pick3 and a pick5


Previously I read something about doing a special that would empty the cumulative pot, it's too soon I think, I was only verifying that.

The pick 4 would be too fast and the 5 too slow. Maybe pick 4.5? ;-)

Getting 1000 daily is still pretty optimistic though, so the 4 is actually going to give you a few days at any likely volume, the first one just happened to go quickly.

You cannot have huge pots in relation to the size of bets without having tons of bettors or a wealthy backer. I think it is best to be content to run 2 on different time scales and let it grow over time as bitcoin grows.

Is this 500 draw a guarantee?

Digital only gold. Lol.

Nice euphemism for "You can't get the gold"

Maybe we'll get 1000 tickets eventually, but right now what is being offered is a smallish pot that is won very infrequently. I trust you and I have a long time horizon and I still don't want to lock coins up for months. I am guessing that newish people will be even more wary of doing this, I could be wrong though.

 

I'm not interested in a pick 5 or 6.

I don't think it's going to get any more action than the smaller ones did, I mean over the same time period.

I don't think people are coming to the site and saying "oh, just 100BTC, I'm not interested" I think they are just not coming to the site at all. Mostly because there aren't that many bitcoiners yet. I like to check all the time and see if someone (or myself) has won. I'm not going to lock money in to something that could take 4 months and also get less enjoyment from being able to constantly check it, and maybe buy a few more tickets since I'm on and checking it anyway.

You can't do much about the small universe of customers. But you can keep them interested by giving them something to check on and do frequently.

 

Okay, the pick4 went off faster than average. I understand not wanting to love money, obviously.

But if you aren't going to seed it why do you want it to take so long?

A pick 6 with 1000 tickets will be won after 10k blocks only 45% of time. That means (roughly) that with 100 tickets it will take 100k blocks on average.

I don't know them and haven't used them beyond setting up an account.

Old offer (9/9): I buy Bitcoins with my Poker Stars at a rate of $.06/BTC, up to $500 for now. $5 minimum.

I get it.

To be clear, I meant selling at most 3000 per draw total, not per person, instead of 4096 just to avoid the unaesthetic (to me) situation of a guaranteed win.

No...... pick3 is gone!

I liked how it went off frequently. Maybe put just 1BTC in for seed and 100% of all entries? This would actually make every bet the tiniest bit +EV, and I could justify buying pretty much any amount I desire.

Oh, I guess there is a problem with that, I could buy all tickets and snap up that 1 coin constantly. You could cap it though at 3000 tickets or something, it would be won within 3 rounds of hitting the cap for sure so no one would be locked out for long.

Oh, it's pretty.

Do you to transfers between accounts? I think that's a main feature he's interested in.

nevermind

N/M

I made an account. I'm not sure what I'd like to bet on, but I don't know anything about the grand prix.

The wording "up to 30 minutes" is probably not best. I know that 30 minutes is not the actual maximum, but I don't know if you require 1,2, or 3 blocks and think it will take only 30 on average. Since I don't know how many blocks, I don't know when to report a problem. I sent 2BTC 4 blocks ago.

edit: it showed up either on the 4th or 5th confirmation.

Madoff's club was very exclusive and rarely open to new depositors. Just a heads up.

It's true. But you've got to buy some at MtGox.com first.