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More opinions, comments?
Is a lottery something you would like to see?
Almost have a live demo ready for view, keep checking in!
Demo will be live at demo.megabits.org soon; our launch date is still set for the first (second at the latest) week of March.
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you plan it will be one prize? or more - 5 prizes 5 btc 1 to 10 btc e.g.
At launch and for the near future it will be one prize. If popularity increases more prizes will come along with it. We could even do something like 1 draw a day! You will get your tickets once the site goes live (as long as you use the same email to register). This is one of the many promotional-type 'offers' that our email 'subscribers' would receive. Doing this will mean there will already be a 1 btc pot guaranteed at the launch of the site, keep that in mind as well! Any other questions or comments please feel free to ask. This is well explained answer I think many things are cleared after reading these lines above. Best of luck for your business as well as to participants and I will be one of them as well . Great, thanks a lot! I'm really excited about getting this up and running; I've had this idea for almost a year now. |
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you plan it will be one prize? or more - 5 prizes 5 btc 1 to 10 btc e.g.
At launch and for the near future it will be one prize. If popularity increases more prizes will come along with it. We could even do something like 1 draw a day! You will get your tickets once the site goes live (as long as you use the same email to register). This is one of the many promotional-type 'offers' that our email 'subscribers' would receive. Doing this will mean there will already be a 1 btc pot guaranteed at the launch of the site, keep that in mind as well! Any other questions or comments please feel free to ask. |
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"Is this fair?
Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything!"
Wow, all my concerns are literally gone! Please, take my money.
Good point, any internet lottery should be provably fair. E.g. ticket numbers coud be generated from txid, winning number could come from some established national lottery... something like this  I agree. I will post the final way that we generate winners once we get done with everything. Is there anything else that would be detrimental to user participation? Comments, please? Also: Thanks to the 10 people that have subscribed so far! Your interest means a lot to me. |
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All technical information will be released once the site is live, as things will be changing heavily before then.
Don't worry, you will have this information at some point. Thank you for your comments!
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Also, once we get 100 subscribers the first email will be sent out with a secret ('subscriber only') promotional offer!
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So this is basicly a BTC lottery?
You are correct! Is there an "edge" for the house?
Nope! In order to generate revenue for the site to pay for expenses (advertising, hosting, etc.), we take 1% of each ticket purchase.
Did you change your mind in the time it takes to answer the question, or really just not understand the concept of a house edge? Well, I assume that if I gave myself a 5% chance of winning vs everyone else having only a 1% chance of winning, without purchasing a single ticket, I would have an edge and I am considered the house, correct? Or do I have something wrong? If so please elaborate. Is there an "edge" for the house?
Nope! In order to generate revenue for the site to pay for expenses (advertising, hosting, etc.), we take 1% of each ticket purchase.
Did you change your mind in the time it takes to answer the question, or really just not understand the concept of a house edge? Well they are not out of idea to promoting ponzi. They keep finding a best phrase to attract more investor  I don't understand your comment. I'm in! But this sign-up form is illegible, grey letters on light blue background are almost invisible  I know, and I'm sorry about that. I'll edit it asap. As stated in the OP as well I am new to all of this. I've done a fair amount of research, hired a freelancer to code the site, etc. But, I don't really know anything else about it. |
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MegaBits is an upcoming lottery site. Tickets will cost .01 ( edit: thinking about increasing the price to .1) BTC and a winner will be drawn once a month. The draws and fund collection will be automated. This is my first go for the gambling sites so let me know for any questions you have and I will gladly answer them. Here is the current F.A.Q. (will be on the site): Is this fair?Yes! We use a specific algorithm to randomly select a user from the pot; that user then wins everything! Is there an "edge" for the house?Nope! In order to generate revenue for the site to pay for expenses (advertising, hosting, etc.), we take 1% of each ticket purchase. We also ask the winners of each draw if they would like to donate to us, but that is not required. How much does it cost for a ticket?At MegaBits, our goal is to offer an affordable, legitimate and high payout lottery. Currently, our tickets cost .01 BTC. Can you buy more than one ticket?Yes, you can. More tickets increase your chance of winning! Do you get discounts for bulk ticket purchases?No, and MegaBits will never offer such a thing. Doing so would only decrease the amount of money that a lucky individual will win! Are the funds you collect for ticket purchases secure from theft?Yes! At MegaBits, security is one of our utmost priorities. Funds are proccessed, then moved offline until the date in which the draw occurs. At that time, they are brought back online and sent to the winner. How many people have access to these funds?The site owner is the only person that has access to these funds once tickets are purchased. First 100 people to subscribe to our mailing list will get 1 token for free, along with being opted-in for special subscriber only promotions! Subscribe now: http://megabits.orgYes, the landing page is a template... The actual site is still in development and is not planning on going live until the 1st week of March. Thank you a lot for reading and being interested. Please stay tuned, I have a lot planed for this! |
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Hi, I am selling btc for other currencies. Fees are as listed: Selling btc for... -- WU: 8% + you pay fees -- MP: 10% + proof of purchase Willing to use reputable escrow for first exchanges since I don't have reputation. Currently only have 1 btc, waiting to see how this goes.  Message or post if interested, thanks. |
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I saw some talk about fiat currency: I can take cash (WU, MG)/PayPal ($USD and $GBP/$EUR) and transfer it into any crypto-currency for free (as long as all fees are paid for). Also, @mark: ticker location changed; http://bad.ass.ink/uno/ticker.html. |
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changed around the 'ticker' again. price automatically updates once every 5 minutes, as that is when the api's values are updated. check it out guys ! http://bad.ass.ink/uno/ticker.html( also changed the location on the site, if you can't tell ) |
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I don't understand why I would need collateral, when I do not ask for up front payment.
Understood, though.
I suppose I'll sit this book on the shelf and move on.
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Very nice site , awesome service too... Prices locally are about the same tho, will purchase some brands in the future that I do not have access to here where I'm from. Depends on where you're from I guess. Where are you from? US, TN. I think the south is usually cheaper than the west and up north for a lot of shit. |
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houses, cars, boats! fuck it, let's just say ... EVERYTHING! good replies though, haven't thought about houses or boats. |
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I agree ... I hope that sometime relatively soon we start seeing people accepting btc/other cryptos more in shops, food stores etc... I cannot wait for that time! reminisce about chatting on bct thinking about these ideas |
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I saw someone mention some things about wishing they could buy gas and food with btc ... I agree with them both, food especially. So what about you guys ? Anything that you wish you could buy with btc ? (legal things of course LOL ) |
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Very nice site , awesome service too... Prices locally are about the same tho, will purchase some brands in the future that I do not have access to here where I'm from. |
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Can you get soft packs?
If you can get soft packs I'll buy a carton.
Hell I might even buy a carton even if you only get boxes.
Also, can you get L&M Menthol, or reds only?
I smoke both, so it won't really be a deal breaker, but prefer menthol.
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You can sell BTC on ebay? Whaaaa?  |
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