[ANN] BIT-POT.com - NEW BITCOIN GAMBLING

[bit-pot]

THIS THREAD IS OUT OF DATE - FOLLOW THE NEWS HERE




Announcing a new
unFAIR* BITCOIN GAMBLE PROJECT
*due to giving advantage to BTC miners but  everything else is fair and can be proved (see fair bets section)

BIT-POT.com
visit our website to find more details

OUR INTENTION
is to offer various fair lottery games ... so far we can offer only one
(second POT is in development)



UPDATE:
How can we prove "Fair Bets" ?
All winning values are publicly known, so anybody can easily check whether he win or not.

proof of BET: Anybody can check this in blockhcain - single deposit address for all
proof of WIN: Public known rules + proof of bet = no chance to scam
proof of TIP: in this you have trust me. ( I can change the TIP in dtb... but why? )

STARTING BONUS - CLOSED

WE OFFER 100% REFUND (including std fee 0.0001 BTC)
to first 20 BITCOINTALK USERS
(EACH USER CAN BET ONCE and UP TO MAX 0.01 BTC)

to claim the BONUS please provide details of your BET (address & ID) via PM or post here

START BONUS USERS:

1. ndnhc: 0.0011 BTC - REFUNDED ref. tx
2. wusolini: 0.0051 BTC - REFUNDED ref. tx
3. erre: 0.005 BTC - REFUNDED ref. tx
4. oni.saori: 0.0011 BTC - REFUNDED ref. tx
5. (PM): 0.0011 BTC - REFUNDED ref. tx
6. klutzbelgian: 0.0101 BTC - REFUNDED ref. tx  
7. sweetswoebegone: 0.0101 BTC - REFUNDED ref. tx  
8. skierchewing: 0.0101 BTC - REFUNDED ref. tx
9. fumblingperch: 0.0101 BTC  - REFUNDED ref. tx
10. retinaglug: 0.0091 BTC   - REFUNDED ref. tx
11. dogallegator: 0.0101 BTC  - REFUNDED ref. tx
12. fishscornful: 0.0101 BTC  - REFUNDED ref. tx
13. kshyzer: 0.0101 BTC  - REFUNDED ref. tx
14. poorhurt: 0.0101 BTC  - REFUNDED ref. tx
15. hangeradhesive: 0.0101 BTC  - REFUNDED ref. tx
16. crankbow: 0.0101 BTC  - REFUNDED ref. tx
17. sousaphonepint: 0.0101 BTC   - REFUNDED ref. tx
18. snotbrain: 0.0101 BTC  - REFUNDED ref. tx
19. grumpybeetle: 0.0101 BTC  - REFUNDED ref. tx
20. skiingtiny: 0.0101 BTC  - REFUNDED ref. tx
              
[CLOSED]




PLEASE SHARE YOUR OPINION
&
SPREAD THE WORD because MORE USERS = HIGHER WINNINGS


THANKS
  

[1713894445]

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[1713894445]

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[1713894445]

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[1713894445]

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[Raimonn]

Bit-pot you made your post on wrong section, if its a lottery game you have to post it the gambling section.

[bit-pot]

Bit-pot you made your post on wrong section, if its a lottery game you have to post it the gambling section.

Hi Raimonn,thanks for note.

But section header says:  "Organization of Bitcoin and related projects, bounty campaigns, advertising etc."
IMO this thread falls into: bounty campaigns & advertising.

Let moderators to judge

[bit-pot]

How can you prove "Fair Bets" ?

First post updated.

[shorena]

-snip-
How can we prove "Fair Bets" ?
All winning values are publicly known, so anybody can easily check whether he win or not.
-snip-

So how do you select the winner?

[vendetahome]

seems to be a pretty interesting game with cool design though i doubt it can be reliable as no one knows how you draw a winner

[bit-pot]

-snip-
How can we prove "Fair Bets" ?
All winning values are publicly known, so anybody can easily check whether he win or not.
-snip-

So how do you select the winner?

This is stated within our website.
The WINNER evaluation variates with POT GAMEs

The specific POT01 (we can offer now) - evaluates a number of transactions (NoBT) in every Block and search for valid bets in our database.
If our DTB contains a valid BET with TIP equal to NoBT ... we have a winner


EXAMPLE CASE

I've made a bet you can check:
MY BET ADDY WAS: 16WF4X3RnzRT5yLu5m2iLjvoJGgs3ZmuZz
TX HASH: 43bbf332c391eb440da2c9a41dd2a3e3a5f9c02912c7192de76fb489beeea7a1
MY TIP was: 618 (tx in block)

my BET transaction is included in block 380518 which has 1646 (tx included) ... thus I loose
but I'have send 0.003 BTC which makes my TIP valid for next 2 blocks ..... which btw I had lost as well


  

[MonsterV]

Hello BIT-POT  I am interested to try but I want to ask
Can I send bets on other bitcoin addresses and get paid with a different address ?
such directbet bitcoin deposits with different addresses and get paid with the address which specify the player

[bit-pot]

Hello BIT-POT  I am interested to try but I want to ask
Can I send bets on other bitcoin addresses and get paid with a different address ?
such directbet bitcoin deposits with different addresses and get paid with the address which specify the player

Hi MonsterV, I have to disappoint you ....We always send the winnings back to BET ADDRESS.

Nevertheless, We'll put this feature in our to-do-list.

Thanks

[shorena]

-snip-
So how do you select the winner?

This is stated within our website.

Yeah I couldnt check its hardly working without javascript.

The WINNER evaluation variates with POT GAMEs

The specific POT01 (we can offer now) - evaluates a number of transactions (NoBT) in every Block and search for valid bets in our database.
If our DTB contains a valid BET with TIP equal to NoBT ... we have a winner


To give an EXAMPLE CASE

I've made a bet you can check:
MY BET ADDY WAS: 16WF4X3RnzRT5yLu5m2iLjvoJGgs3ZmuZz
TX HASH: 43bbf332c391eb440da2c9a41dd2a3e3a5f9c02912c7192de76fb489beeea7a1
MY TIP was: 618 (tx in block)

my BET transaction is included in block 380518 which has 1646 (tx included) ... thus I loose
but I'have send 0.003 BTC which makes my TIP valid for next 2 blocks .. which I had lost as well

Thanks for the explanation, but that method leaves you vulnerable to attacks by mining pools.

-snip-
Hi MonsterV, I have to disappoint you ....We always send the winnings back to BET ADDRESS.
-snip-

How do you pick if there are several?

[pandacoin]

This is really hard to guess.
There will be over 5000+ different choices and most of them won't win.

Do you consider making it 10x or 100x choices?
For instance I want to bet between 100-200 tx'es etc. (This way it'll be more fun).

[MonsterV]

Hello BIT-POT  I am interested to try but I want to ask
Can I send bets on other bitcoin addresses and get paid with a different address ?
such directbet bitcoin deposits with different addresses and get paid with the address which specify the player

Hi MonsterV, I have to disappoint you ....We always send the winnings back to BET ADDRESS.

Nevertheless, We'll put this feature in our to-do-list.

Thanks

hmmm ok no problem
i am user  coinbase, I found one transaction of coinbase when sending a payment, the sender's address is not from my address but from another address, I was worried it would be problematic.
I hope that this feature is available on your website

[bit-pot]

-snip-
So how do you select the winner?

This is stated within our website.

-A-
Yeah I couldnt check its hardly working without javascript.

The WINNER evaluation variates with POT GAMEs

The specific POT01 (we can offer now) - evaluates a number of transactions (NoBT) in every Block and search for valid bets in our database.
If our DTB contains a valid BET with TIP equal to NoBT ... we have a winner


To give an EXAMPLE CASE

I've made a bet you can check:
MY BET ADDY WAS: 16WF4X3RnzRT5yLu5m2iLjvoJGgs3ZmuZz
TX HASH: 43bbf332c391eb440da2c9a41dd2a3e3a5f9c02912c7192de76fb489beeea7a1
MY TIP was: 618 (tx in block)

my BET transaction is included in block 380518 which has 1646 (tx included) ... thus I loose
but I'have send 0.003 BTC which makes my TIP valid for next 2 blocks .. which I had lost as well

-B-
Thanks for the explanation, but that method leaves you vulnerable to attacks by mining pools.

-snip-
Hi MonsterV, I have to disappoint you ....We always send the winnings back to BET ADDRESS.
-snip-

-C-
How do you pick if there are several?

A- This must be caused by startbootstrap-grayscale design we use.

B- We calculate with real blockchain data and evaluation runs always few blocks back. This is why it takes so long before the winner is announced.

C- Sorry but I don't understand the question. Several what?
Our system is checking the ALL INCOMING TXS and separate VALID BETS from DONATIONS (small bets or transactions without TIP) and all winning BTC addresses cumulates the winnings until payout (twice a week)

This is really hard to guess.
There will be over 5000+ different choices and most of them won't win.

Do you consider making it 10x or 100x choices?
For instance I want to bet between 100-200 tx'es etc. (This way it'll be more fun).

Understand, it's hard to guess. But when you hit the correct number you win a nice reward (currently only 0.023 BTC .. but thats just start)
and Your idea about making it 10x or 100x choices sounds good. Amother item for our to-do-list.

thanks

[shorena]

-snip-
B- We calculate with real blockchain data and evaluation runs always few blocks back. This is why it takes so long before the winner is announced.

So the TX for the bet can not be in the block its betting on?

C- Sorry but I don't understand the question. Several what?
Our system is checking the ALL INCOMING TXS and separate VALID BETS from DONATIONS (small bets or transactions without TIP) and all winning BTC addresses cumulates the winnings until payout (twice a week)

A TX can have several inputs, how do you select the address for payout in these cases?

[bit-pot]

-snip-
B- We calculate with real blockchain data and evaluation runs always few blocks back. This is why it takes so long before the winner is announced.

So the TX for the bet can not be in the block its betting on?

C- Sorry but I don't understand the question. Several what?
Our system is checking the ALL INCOMING TXS and separate VALID BETS from DONATIONS (small bets or transactions without TIP) and all winning BTC addresses cumulates the winnings until payout (twice a week)

A TX can have several inputs, how do you select the address for payout in these cases?

NO ... It can, but this is also evaluated backwards (the last eveluated block is always few blocks benind the current one )

Our system reads through all txs inputs, and if one of these addresses is found in our TIP DTB is marked as PENDING BET which is waiting for another confirmations.

[achow101]

C- Sorry but I don't understand the question. Several what?
Our system is checking the ALL INCOMING TXS and separate VALID BETS from DONATIONS (small bets or transactions without TIP) and all winning BTC addresses cumulates the winnings until payout (twice a week)

A TX can have several inputs, how do you select the address for payout in these cases?

It looks like you need to enter your address in order to play and guess. The guess is only valid if they see that address in a transaction which spends to their address. Or that's what it seems like

NO ... It can, but this is also evaluated backwards (the last eveluated block is always few blocks benind the current one )

What do you mean by evaluated backwards?

From what I understand, if I mine a block with 200 transactions and I submit a guess for 200 transactions and the transaction that goes with the guess is one of the transactions in the block I mined, then I win. But if the transaction isn't in my block of 200 transactions and instead it goes into someone else's block with 300 transactions, then I lose. Yes? If that is the case, then miners can cheat.

[bit-pot]

C- Sorry but I don't understand the question. Several what?
Our system is checking the ALL INCOMING TXS and separate VALID BETS from DONATIONS (small bets or transactions without TIP) and all winning BTC addresses cumulates the winnings until payout (twice a week)

A TX can have several inputs, how do you select the address for payout in these cases?

It looks like you need to enter your address in order to play and guess. The guess is only valid if they see that address in a transaction which spends to their address. Or that's what it seems like

NO ... It can, but this is also evaluated backwards (the last eveluated block is always few blocks benind the current one )

What do you mean by evaluated backwards?

From what I understand, if I mine a block with 200 transactions and I submit a guess for 200 transactions and the transaction that goes with the guess is one of the transactions in the block I mined, then I win. But if the transaction isn't in my block of 200 transactions and instead it goes into someone else's block with 300 transactions, then I lose. Yes? If that is the case, then miners can cheat.

QUOTE: It looks like you need to enter your address in order to play and guess. The guess is only valid if they see that address in a transaction which spends to their address.

EXACTLY, you first need to provide your BTC ADDRESS and TIP, then you can make a VALID BET by sending BTC.

QUOTE:What do you mean by evaluated backwards?
Evaluated backwards means e.g. the actual blockchain-block is 378 050 but our last winners are from tx made in block 378 040.

QUOTE:From what I understand, if I mine a block with 200 transactions and I submit a guess for 200 transactions and the transaction that goes with the guess is one of the transactions in the block I mined, then I win. But if the transaction isn't in my block of 200 transactions and instead it goes into someone else's block with 300 transactions, then I lose. Yes? If that is the case, then miners can cheat.


Hmm ... Yes, you loose. The key is what block-chain says.
In principle we link the USER ADDRESS with the TIP (both has to be provided via out input form) , then ( if user pays within limit 2 hours )  his TIP is linked with transaction and after few blocks is evaluated.

To be honest, I cant see the way a miner can cheat. They would have to cheat the blockchain itself.

[achow101]

To be honest, I cant see the way a miner can cheat. They would have to cheat the blockchain itself.

A miner would cheat by submitting a tip for x transactions. Then he would take the transaction associated with the tip and include that in a block that also has x transactions total. Then he wins.

[bit-pot]

To be honest, I cant see the way a miner can cheat. They would have to cheat the blockchain itself.

A miner would cheat by submitting a tip for x transactions. Then he would take the transaction associated with the tip and include that in a block that also has x transactions total. Then he wins.

OK, understand now.
to clarify: we count with transactions already included in blocks  (min. 1 conf)

But when the particular miner is able to mine a valid block with X BLOCKtxs while his BETtx is linked to winning TIP then you are correct. He wins  ... &  this pot can turn into battle of miners. 

[shorena]

To be honest, I cant see the way a miner can cheat. They would have to cheat the blockchain itself.

A miner would cheat by submitting a tip for x transactions. Then he would take the transaction associated with the tip and include that in a block that also has x transactions total. Then he wins.

OK, understand now.
to clarify: we count with transactions already included in blocks  (min. 1 conf)

But when the particular miner is able to mine a valid block with X BLOCKtxs while his BETtx is linked to winning TIP then you are correct. He wins  ... &  this pot can turn into battle of miners. 

There is no need for a battle. Miners would not broadcast the TX. If they find the block they include the TX with the exact number of other TX require to win. If another miner finds the block they let your time limit pass. They can even fill the block with the needed TX in order to reach the number of the tip. A mining pool can only win playing your game while everyone else can do nothing about it.