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Well that's basically is a flaw, you lose nothing, if you bet against all players and win yourself.  First, I will not place a single bet. Second, I will not be assured to win even if I did. I will be launching a regular automated game similar to this shortly after this game ends. I don't want to lose credibility by manipulating this game. |
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I've put a few bets on this one, but I think the bigger prize will get too pricey for my liking... although 199BTC is a nice jackpot!
Good luck! |
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Are you going to pay 199btc to the guy who sent ya 0.1btc?  http://blockchain.info/address/199KqozwVRMNhYGnVx3g5EkiGAzRwWnM4cedit: the game ends within 14 hours. This is also kinda flawed since you can just send like 20 bids (0.2,0.3,0.4 etc, and hope noone else does that) before 199K block and it will cost you 40btc to win 199btc. (also don't forget to negate 0.1's guy) If i was running this game (and had a service where people send their coins aka laundry) I would just double every unique bet before 199K block automaticly somehow. Yes I will. But I doubt you will let that happen. You can't resist beating that 0.1 bet before 199k. I know many are just waiting on the last few blocks to bet. I don't believe this game is flawed. |
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So I seem to recall you saying the short term loan is used to stake someone for gambling? I am on a phone so I can't go looking now but who is the person you stake if that is correct?
I think you are in the wrong thread. |
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Less than 100 blocks to go. This is going to be fun.
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Less than 100 blocks to go. This is going to be fun.
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That said, this game is flawed as the game operator has an easy way of winning the game with a very high probability. By investing 201 BTC, it can bet on 0.01, 0.02, 0.03, …, 1.98, 1.99, 2.00, and collect every bets including its own.
Another player could do that too, but would have to make sure that other players have bet at least 7.22 BTC. Otherwise, the 3% taken by the bet operator would be larger than what could be gained, and the winning player will lose money.
Even if a player choses to take that risk, it is always possible for the bet operator to top that, unless this is done at the very last moment, with the risk of having bets sent past the 199k block lost if they were not included in the last block.
So I'm not saying that the game operator will cheat, but that the 3% fees are much more than fees, in that they change the game dynamic and allow the operator to get everyone else bets if it choses to do so. The operator may be honest and let a player win, but there is no guarantee it won't abuse its dominant position there.
Am I right?
I don't think it's flawed. And I have no plans to play, that would be unethical. I plan to make it a regular game. I just want to host it. |
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This is a clever one, as, in order to win, one has not only to place a bet in the smallest available slot, but also must cancel the smaller ones.
This is going to be fun. I plan to make this a regular automated auction game where every block is a game with a smaller guarantee like 1btc or something. Let's see what happens as it nears block 199k. |
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This is the Micro Edition of HungerCoins 199K
To celebrate the upcoming 199,000th block which will occur in less than 24 hours, we will run a bidding contest.
Send any amount which is a multiple of 0.01 BTC to this address:
199ksCftm74LqHTZv34wy3sAXvdXPa3mUN
and when the 199,000th block is published, we will choose one winner, the lowest unique bid. The prize will be the total bids sent less 3% as our rake.
All entries must be a multiple of 0.01 BTC. An entry of 0.320001 or 0.32999999 will still be considered as 0.32. Only two digits after the decimal point will be considered.
All entries sent after the 199,000th block will be considered as invalid and will be treated as a donation. It will not be included in the prize pool.
The minimum bid is 0.01 BTC, there is no maximum bid.
If there are two bids of the same amount, neither bids can win.
Example: if we receive bids of 0.21, 0.22, 0.25, 1.30, 0.22, 0.21, and 1.22 then the bid of 0.25 wins. 0.21 and 0.22 are lower, but both occur multiple times. 0.25, 1.30, 1.22 are all unique but the lowest is 0.25 so it wins.
The winning bid must be the lowest unique bid up to and including the 199,000th block.
If the total prize pool is less than 19.9BTC, we will add coins so that the winner will get 19.9BTC.
Please post your questions or clarifications. Good luck. Remember this is a strategy game.
We don't have time to automate this so the winner will be verified manually and will be sent the winnings shortly after the 199,000th block is published. Our official data source will still be blockexplorer.com.
The first input address of the send transaction will be used to send the winnings.
You can make multiple sends in one transaction. Each send/output will be treated as a single bet.
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Remember, if you wait too long, your bet might not make it through the 199,000th block so you risk of losing it. All bets after 199,000th block will be treated as a donation.
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The winning bid must be the lowest unique bid up to the 199,000th block.
You should clarify whether bids in block 199k itself are counted. i.e. is it "up to" or "up to and including" block 199k? Also, is it allowed to send multiple bets in a single transaction? If I make a transaction with 2 outputs, one of 0.1 and one of 0.2, both to the bet address, does that count as two entries (0.1 and 0.2) or one entry of 0.3? It would be better (from a spam reduction point of view) if you treated it as 2 bets. Then I can make 2 bets with one transaction and not pollute the blockchain quite so much. Yes it will be treated as 2 bets of 0.1 and 0.2. Also updated original post. |
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Only up to 2 digit hits only so far.
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Thanks everyone for the input. I will edit the original post shortly for more clarity. I will also start another thread for a micro version of this game where the bets are multiples of 0.01 btc and the guaranteed prize is 19.9BTC.
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To celebrate the upcoming 199,000th block which will occur in less than 48 hours, we will run a bidding contest.
Send any amount which is a multiple of 0.1 BTC to this address:
199KqozwVRMNhYGnVx3g5EkiGAzRwWnM4c
and when the 199,000th block is published, we will choose one winner, the lowest unique bid. The prize will be the total bids sent less 2% as our rake.
All entries must be a multiple of 0.1 BTC. An entry of 0.10001 or 0.1999999 will still be considered as 0.1. Only one digit after the decimal point will be considered.
All entries sent after the 199,000th block will be considered as invalid and will be treated as a donation. It will not be included in the prize pool.
The minimum bid is 0.1 BTC, there is no maximum bid.
If there are two bids of the same amount, neither bids can win.
Example: if we receive bids of 0.1, 0.2, 0.5, 1.3, 0.2, 0.1, and 1.2 then the bid of 0.5 wins. 0.1 and 0.2 are lower, but both occur multiple times. 0.5, 1.3, 1.2 are all unique but the lowest is 0.5 so it wins.
The winning bid must be the lowest unique bid up to and including the 199,000th block.
If the total prize pool is less than 199BTC, we will add coins so that the winner will get 199BTC.
Please post your questions or clarifications. Good luck. Remember this is a strategy game.
We don't have time to automate this so the winner will be verified manually and will be sent the winnings shortly after the 199,000th block is published. Our official data source will still be blockexplorer.com.
The first input address of the send transaction will be used to send the winnings.
You can make multiple sends in one transaction. Each send/output will be treated as a single bet.
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Status update:
Amount received: 3,347.57 BTC
Amount paid: 3,359.32 BTC
Number of bets paid: 973
These figures does not include the old receiving address.
It would be interesting to plot the amount lent against the number of confirmations required. Having to wait for 6+ hours makes it much less exciting than it was at the beginning. The beginning configuration was never a sustainable setting. That was very attractive though. It must be balanced for it to self sustain. |
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Thanks for the suggestion. That will be highly considered.
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Status update:
Amount received: 3,347.57 BTC
Amount paid: 3,359.32 BTC
Number of bets paid: 973
These figures does not include the old receiving address.
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I also doubt I can sustain it that's why I reserve the right to lower the interest or increase to confirmation when the average fund level increases so much. It is a balance of making it attractive and making it sustainable long term. |
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come on poker online? you cantr make money with that...  maxinmontreal.com Why not? Didn't you know it's a very big industry? |
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I totally agree. I only meant that even you split into smaller bets, you can mitigate it by using electrum and control transaction fees. I was wrong to imply the odds would increase. It will still be the same. I misunderstood the post.)
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