BidPot.XYZ - 698,310 satoshi draw happening now!!

[bryankek]

Cross posting from https://bitcointalk.org/index.php?topic=1312040.0

Hey guys, I'd like to invite you to help test out my new MoneyPot app:

BidPot.XYZ

698,310 satoshi draw happening now!!

UPDATED RULES

How to play:

• Each round begins with 24 hours on the clock and a Pot (calculated as a percentage of the site's bankroll)
• The goal of the game is to be the last player to bid when the clock counts down to 0. The last player to bid is the winner and the entire Pot is awarded to him

Rules:

• Every bid increases the timer and pot
• If the remaining timer is more than 60 seconds, every bid increases the timer by 60 seconds
• If the remaining timer is less than 60 seconds but more than 10 seconds, every bid increases the timer by 30 seconds
• If the remaining timer is less than 10 seconds every bid increases the timer by 20 seconds
• There is a 24 hours max timer
• The bidding price is always 5% of the total Pot.
• A fee is charged for every bid. This begins at 20% and increases to 100% over time.
• The fee will be used to bet against MP's bankroll and the profit is added to the pot. All loss against the MP bankroll is sustained by BidPot.XYZ
• All fee collected will be a part of the site's bankroll and contribute to future initial pots

Autobid:

• Autobid credits can be purchased. This credit is reset at the end of each round and won't be refunded.
• If your auto bid credit is more than the current bid price, you will randomly bid when the time is less than 30 seconds and you are not currently the last bidder

Please report any bug or issues in this thread. Thanks

Disclaimer: This site is in beta. While the wallet is secured by MoneyPot, please only deposit and play with the amount you are comfortable risking.

[1715014663]

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[bryankek]

Hey guys, come on down and play

[2legit2]

its an interesting game i think i will wait till the timer will go down a little bit

[alwinlinzee]

The website is very simple to understand but where will the winner gets his pay out from?

[bryankek]

its an interesting game i think i will wait till the timer will go down a little bit

sure, I'll be looking forward to see you on the site.

The website is very simple to understand but where will the winner gets his pay out from?

From the site's bankroll, which is stored on MoneyPot.

[alwinlinzee]

its an interesting game i think i will wait till the timer will go down a little bit

sure, I'll be looking forward to see you on the site.

The website is very simple to understand but where will the winner gets his pay out from?

From the site's bankroll, which is stored on MoneyPot.

Alright how do i know that your website is provably fair and not that i will always loose my investments.

[bryankek]

its an interesting game i think i will wait till the timer will go down a little bit

sure, I'll be looking forward to see you on the site.

The website is very simple to understand but where will the winner gets his pay out from?

From the site's bankroll, which is stored on MoneyPot.

Alright how do i know that your website is provably fair and not that i will always loose my investments.

For this game model, a provably fair scheme isn't applicable as majority of the winners pot will come from other bidders. (If I am wrong, please correct me). The initial pot is sponsored by the site.

How the winner is selected is simply this: the last bidder wins.(There really isn't any provably fair scheme that is applicable for this criteria)
The catch is this: anyone can bid and every bid raises the timer. To win, it takes patience, and strategy(Just like a penny auction)

[pedr0caz]

the website looks very simple, with very little information. And i've seen this type of script before and it's not very welcoming.
And domain .xyz it's just a sad attempt... 

[Everybitbit]

im not quite understand how this game work.. im not yet try it yet, but interested to know more about this game..
anyhow is it just keep bidding? and how know who the winner?
its quite simple design and look fun actually.

[DarkStar_]

its an interesting game i think i will wait till the timer will go down a little bit

sure, I'll be looking forward to see you on the site.

The website is very simple to understand but where will the winner gets his pay out from?

From the site's bankroll, which is stored on MoneyPot.

Alright how do i know that your website is provably fair and not that i will always loose my investments.

First, it's not an "investment". You bid, and if the time runs out and no one else bids, you get the entire pot.
For this type of game, you can't be provably fair. You are going against other players, and whoever has the most bankroll will win in the end. System will be hard to cheat because they are using moneypot, so someone can't make a fake deposit. Even the owner can't cheat, as he would need the BTC to "bid"

[krunox123]

I wonder why this thread is placed in the Investor-based games section.

[supermoney]

I wonder why this thread is placed in the Investor-based games section.

So that admin scams without repercussions 
Just kidding you... Or maybe not lol
This kind of games is not new but good luck anyways!

[bryankek]

its an interesting game i think i will wait till the timer will go down a little bit

sure, I'll be looking forward to see you on the site.

The website is very simple to understand but where will the winner gets his pay out from?

From the site's bankroll, which is stored on MoneyPot.

Alright how do i know that your website is provably fair and not that i will always loose my investments.

First, it's not an "investment". You bid, and if the time runs out and no one else bids, you get the entire pot.
For this type of game, you can't be provably fair. You are going against other players, and whoever has the most bankroll will win in the end. System will be hard to cheat because they are using moneypot, so someone can't make a fake deposit. Even the owner can't cheat, as he would need the BTC to "bid"

Looks like DarkStar_ answered all my questions. Thanks. I'm cross posting here as it fits the description of this subtopic

Games where the main factor is whether or not new "investors" join the game.

This game is mainly influenced by player bids. If only one player bid, the only gain pot is the small predetermined initial pot. If more player bids, the pot will grow(from the bids by each player when they attempt to win the pot) and the ultimate reward for the winner is the pot(which has grown from the cumulative bids of all players).

[krunox123]

So that admin scams without repercussions 
Just kidding you... Or maybe not lol
This kind of games is not new but good luck anyways!

Scam gamblers without repercussions. Intriguing.
You might be right, no doubt about that.
IIRC, cherryRace (a scam ponzi) is using the same concept if I'm not wrong.

This game is mainly influenced by player bids. If only one player bid, the only gain pot is the small predetermined initial pot. If more player bids, the pot will grow(from the bids by each player when they attempt to win the pot) and the ultimate reward for the winner is the pot(which has grown from the cumulative bids of all players).

If what you said is true, then this thread is not belong in Investor-based games section.

[bryankek]

So that admin scams without repercussions  
Just kidding you... Or maybe not lol
This kind of games is not new but good luck anyways!

Scam gamblers without repercussions. Intriguing.
You might be right, no doubt about that.
IIRC, cherryRace (a scam ponzi) is using the same concept if I'm not wrong.

This game is mainly influenced by player bids. If only one player bid, the only gain pot is the small predetermined initial pot. If more player bids, the pot will grow(from the bids by each player when they attempt to win the pot) and the ultimate reward for the winner is the pot(which has grown from the cumulative bids of all players).

If what you said is true, then this thread is not belong in Investor-based games section.

First sentence of the subsection description : "Games where the main factor is whether or not new "investors" join the game."

This game fits the description, hence it is here.

Also, its nothing like cherryrace.

An apt description of bidpot would be:

• Gambling(From the autobid, you are estimating what the pot will be like, and how many players will be there when you purchase your autobid credits, hence it is a gamble)
• Jackpot(an initial pot is offered, subsequent bids from other users also go into this pot)
• Penny auction(You are bidding for the pot, each bid increases bid price(and also increase pot))

[bryankek]

Guys, come on down and play

[krunox123]

Guys, come on down and play

I doubt you can find any gambler/bidder because this section is only full of "investor". Should have created this thread in Gambling if you want more people to notice your game.

[bryankek]

Updated rules, updated pot. Come on down and play.