y4x.com: BTC awarded on first block that has a bid

[FreeMoney]

I'll be fine, I actually don't mind if I use up all my bitcoins doing this.  It was a fun program to write pooling for block information against my local bitcoind.  I don't want to exchange them for $ through an exchange and I really don't have anything I want to buy with bitcoins.

Nice, well thanks! I was winner 7  

Is payment not automated?

Did you receive the 1 BTC?

Yeah I did, although it was many hours afterward. http://blockchain.info/address/1GzMAicev1cXywysaF73iHFjcCpRRZnQTT

It isn't a very expensive game to run, just send 1BTC or more to the address yourself each block ;-)

Good point, he doesn't appear to be doing that though. But if this game were to continue he would need to offer some kind of reassurance that this wasn't happening.

I'd love to see a solution as it would make a whole new class of games viable. I don't think it is possible; if there are any wagers sent by people who are unknown to you it could be the operator.

[Yuhfhrh]

I'll be fine, I actually don't mind if I use up all my bitcoins doing this.  It was a fun program to write pooling for block information against my local bitcoind.  I don't want to exchange them for $ through an exchange and I really don't have anything I want to buy with bitcoins.

Nice, well thanks! I was winner 7  

Is payment not automated?

Did you receive the 1 BTC?

Yeah I did, although it was many hours afterward. http://blockchain.info/address/1GzMAicev1cXywysaF73iHFjcCpRRZnQTT

It isn't a very expensive game to run, just send 1BTC or more to the address yourself each block ;-)

Good point, he doesn't appear to be doing that though. But if this game were to continue he would need to offer some kind of reassurance that this wasn't happening.

I'd love to see a solution as it would make a whole new class of games viable. I don't think it is possible; if there are any wagers sent by people who are unknown to you it could be the operator.

I have a possible solution. Anyone playing has to be registered here on the forum before today/XX-XX-XXXX/some other requirement. Before a new gambling address is live, you have the 12 hours to post an address(s) here that you will be using. Any coins sent to the gambling address will only be valid if sent from an address posted here prior.

But the downsides are obvious, (no newbies can participate, only forum members can participate)

[dooglus]

But the downsides are obvious, (no newbies can participate, only forum members can participate)

... and most importantly it doesn't solve the problem, because the site operator can register a new forum account and post an address from there.

[Yuhfhrh]

But the downsides are obvious, (no newbies can participate, only forum members can participate)

... and most importantly it doesn't solve the problem, because the site operator can register a new forum account and post an address from there.

Hence the before today part, assuming he hasn't already prepared another account, it at least decreases the chances of him getting to bet. I know it doesn't solve the problem but its the best I could come up with on the spot. Can you think of anything else dooglus?

[BitcoinHoarder]

Interesting discussion.  In my mind the fact that someone is genuinely winning each time is what will enforce fair operators from not fair.  Wouldn't it be the case that if the operator always wins then people will be disappointed and you will run out of people willing to bid up?

[dooglus]

Hence the before today part, assuming he hasn't already prepared another account, it at least decreases the chances of him getting to bet. I know it doesn't solve the problem but its the best I could come up with on the spot. Can you think of anything else dooglus?

Well, if he wants to enter into a deal with me, I'll let him use one of my pre-registered sock accounts...

[Yuhfhrh]

Hence the before today part, assuming he hasn't already prepared another account, it at least decreases the chances of him getting to bet. I know it doesn't solve the problem but its the best I could come up with on the spot. Can you think of anything else dooglus?

Well, if he wants to enter into a deal with me, I'll let him use one of my pre-registered sock accounts...

I meant another idea besides mine  

Also, this game is much more fun when you are the only one playing  

Edit: Seems it still is not automatically sending out the reward.

[BitcoinHoarder]

Edit: Seems it still is not automatically sending out the reward.

Bummer!  I will be home in an hour and will see what the logs say this time.  It worked last night so we are getting close to full automation.

[BitcoinHoarder]

Edit: Seems it still is not automatically sending out the reward.

You should have gotten it a few hours ago, correct?

[Yuhfhrh]

Edit: Seems it still is not automatically sending out the reward.

You should have gotten it a few hours ago, correct?

Correct.

[BitcoinHoarder]

Looks like full automation worked this morning, we have 11 winners!

[🏰 TradeFortress 🏰]

idea: LOWEST unique bid, in bitcent denominations

everyone gets their own address

let's say here's the bids:
0.01btc
0.01btc
0.01btc
0.02btc
0.02btc
0.03btc
0.05btc
0.06btc
0.06btc
0.08btc
0.10btc
0.14btc

0.03 wins as they have lowest unique

[🏰 TradeFortress 🏰]

ouch.. my 0.08 btc bid didn't get included and the 0.02 bid won

Pretty fun game, what clients are you using?

[Yuhfhrh]

ouch.. my 0.08 btc bid didn't get included and the 0.02 bid won

Pretty fun game, what clients are you using?

HA! I WON! 

[ingrownpocket]

Can you use http://blockchain.info/ instead?

[Nite69]

Instead of 1 BTC, you could send 80-90 % of the total amount of bids.

You wouldn't lose and bidders could win more. They would bid even after the biggest bid is over 1 BTC.

Edit. well, bidders doesn't see other bids, so the decision cannot be madebased on already made bids. But anyway, the bids would get eventually larger.

[BitcoinHoarder]

Can you use http://blockchain.info/ instead?

When an address is live I link to blockchain.info so people can see all the unconfirmed transactions.

Edit. well, bidders doesn't see other bids, so the decision cannot be madebased on already made bids. But anyway, the bids would get eventually larger.

See above, when an address is live people can click on the address and see all of the bids on blockchain.info.  As long as all of then say "Unconfirmed!" then bidding is still open.

[Nite69]

Hmm. I sent my bid from easywallet.org, but there seems to be 2 inputs and only one is mine..
hopefully it chooses correct address..
or maybe both inputs are actually connected to my easywallet address?

Edit: I WON! hopefully the prize gets into 1JCkim4DwsFwAU6eV92887hjXdxormXQSb not the other one..

Edit2: Yes it did,thanks for the Sauna beer ! :-)

Actually this is a very good idea. Regardless of the moment you make your bid, others have an average 10 minutes to make a bigger bid. The bitcoin network makes the lottery.

[BitcoinHoarder]

Edit: I WON! hopefully the prize gets into 1JCkim4DwsFwAU6eV92887hjXdxormXQSb not the other one..

Edit2: Yes it did,thanks for the Sauna beer ! :-)

Actually this is a very good idea. Regardless of the moment you make your bid, others have an average 10 minutes to make a bigger bid. The bitcoin network makes the lottery.

I'm glad to hear you won.

Bidders don't actually have an average of 10 minutes to make a larger bid.  Let's say you make a 0.1 bid, a block could be created at any moment and your 0.1 bid could be put into it.  The first moment a block is created with a transaction to the bid address the results are frozen in time.  People can continue to bid but their bids won't be in the first block that was created.  That's why it's important to look at blockchain.info (or whatever method you want) to track whether the block has been made yet.

So yea, the bitcoin network acts as a chaotic timer (which is what I think is really neat) but you don't have long to contribute which is why I have the auctions reveal at predetermined times twice a day: if anyone wants to play they know exactly when to show up.

[ingrownpocket]

Can you use http://blockchain.info/ instead?

When an address is live I link to blockchain.info so people can see all the unconfirmed transactions.

But can you also change the links in the main page to blockchain.info?