Fiiasco-Exalt (OP)
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May 02, 2015, 01:37:15 PM |
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Would you guys be interested if I were to make a site that would give sayyyy... 110% back to all investments but I pay you after there have been 110 transactions and before theround starts I post a md5 hash of a number that I chose randomaly and then at the end of the round I reveal the number just pretend it was 110 then whatever investment was the number (110th) they wouldnt be paid and their btc is used to pay the others. In short everyone would have a 99.09 % chance of recieving 110%.
Comment below whether you have a way to to improve the idea and if you would invest in the site if I were to make it.
P.S. Concept is reserved by me
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coinhugger
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May 02, 2015, 02:10:08 PM |
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I like the idea. I would play if a site like that would exist. As long as the system is fully automated, no manual transactions.
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Fiiasco-Exalt (OP)
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May 02, 2015, 05:02:16 PM |
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I like the idea. I would play if a site like that would exist. As long as the system is fully automated, no manual transactions.
I was planning on making a site like that but the problem is that im no expert in developing and coding and stuff and I don't know how to setup the automatic payments. Besides its only one payment that occurs after there have been 110 transactions.
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Fiiasco-Exalt (OP)
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May 02, 2015, 05:49:22 PM |
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Ya I saw that and i'm being dead serious when i say that I thought of this md5 concept the morning before they published that post but anyways there idea i believe has a higher chance then my idea to get a lower amount then what you deposit while my idea gives everyone the same small chance of losing, its kinda like a lottery but the lucky number loses in this case
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Vasilich
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May 02, 2015, 06:12:30 PM |
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Ya I saw that and i'm being dead serious when i say that I thought of this md5 concept the morning before they published that post but anyways there idea i believe has a higher chance then my idea to get a lower amount then what you deposit while my idea gives everyone the same small chance of losing, its kinda like a lottery but the lucky number loses in this case Well... just do it! i will do investment if it will be fair MD5 hash proof site!
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Fiiasco-Exalt (OP)
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May 02, 2015, 09:49:03 PM |
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Ya I saw that and i'm being dead serious when i say that I thought of this md5 concept the morning before they published that post but anyways there idea i believe has a higher chance then my idea to get a lower amount then what you deposit while my idea gives everyone the same small chance of losing, its kinda like a lottery but the lucky number loses in this case Well... just do it! i will do investment if it will be fair MD5 hash proof site! K then if your saying you'll invest then im sure others will too and i will make the site and the payments will have to be manual but would u guys mind if the site is on a free domain name just so that I don't have to make some large fee for each transaction? So in the short run the free domain will benifit you guys.
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TigerMart
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May 02, 2015, 10:16:48 PM |
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Well... just do it! i will do investment if it will be fair MD5 hash proof site!
MD5 can easily be broken by rainbow attack.
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Fiiasco-Exalt (OP)
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May 02, 2015, 10:28:01 PM |
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Well... just do it! i will do investment if it will be fair MD5 hash proof site!
MD5 can easily be broken by rainbow attack. Well how about this... instead of saying its md5 at the beginning of the round i use something like This to right down the number and encrypt it in one of those several ways and then I show at the end of the round the number and the type of hash which was shown. Also if i were to use md5 only i could add multibple zeros to a number so its more complex and say tht take away all the zeros that are part of a zero and get anwser. ex. 00400000000000000000004000 would represent 44 but i would encrypt 00400000000000000000004000 into a hash
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TigerMart
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May 02, 2015, 10:35:42 PM |
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Also if i were to use md5 only i could add multibple zeros to a number so its more complex and say tht take away all the zeros that are part of a zero and get anwser. ex. 00400000000000000000004000 would represent 44 but i would encrypt 00400000000000000000004000 into a hash
This would only mean more trust on U. Moreover, in your 110 deposit example, u can be the highest depositor yourself... because u already know the seed. This game will have many flaws. Plus dependency and trust required. Better come up with another idea.
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JCaferJr_
Newbie
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Activity: 25
Merit: 0
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May 02, 2015, 11:09:57 PM |
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Interesting idea! One problem, you will be holding a large amount of btc for a long duration. Or did I miss something?
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Miss Fortune
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May 03, 2015, 02:06:49 AM |
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why not just create the site then get our feedback lol.
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Fiiasco-Exalt (OP)
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May 03, 2015, 03:37:03 AM |
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Also if i were to use md5 only i could add multibple zeros to a number so its more complex and say tht take away all the zeros that are part of a zero and get anwser. ex. 00400000000000000000004000 would represent 44 but i would encrypt 00400000000000000000004000 into a hash
This would only mean more trust on U. Moreover, in your 110 deposit example, u can be the highest depositor yourself... because u already know the seed. This game will have many flaws. Plus dependency and trust required. Better come up with another idea. What do you mean?? I wouldn't deposit into my own site first of all and I would show you guys th hash before the round begins. Interesting idea! One problem, you will be holding a large amount of btc for a long duration. Or did I miss something?
Well i was just giving an example of 110 transaction rounds I would probably be doing only 30-50 transaction rounds maybe and I wouldn't really be holding alot of bitcoin cause the minimum would probably be like 0.001 BTC and that times 30-50 is just 0.03-0.05 BTC why not just create the site then get our feedback lol.
I'm getting to that
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fullypak
Legendary
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May 03, 2015, 03:41:22 AM |
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If any manual intervention is the game then I wouldn't invest in the system. So if possible make 100% automated and I will give try.
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babasq
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May 03, 2015, 04:17:47 AM |
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I like the idea
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open-ponzi
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May 03, 2015, 03:51:34 PM |
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It will be the same if you'll be playing dice, but with less chance
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Nowi
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May 03, 2015, 03:55:41 PM |
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Yes, thats looking really good. Do it if you can man.
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Fiiasco-Exalt (OP)
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May 04, 2015, 02:23:37 AM |
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I'm pretty much done i'm just looking for a way to show the number of transactions and I've been trying to embed it off of blockchain but the pixels and sizes for iframe is messed up
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dedmax
Member
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Activity: 109
Merit: 10
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May 04, 2015, 05:49:23 AM |
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I see its a some what nice ideal, lets keep ur fingers crossed hopefully its good enough and has much value compared to others
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