BitBears - no waiting, 1.1x payout!

[velacreations]

I've put the finishing touches on this new game, take a look: http://BitBears.com

It's a pretty simple game, buy a bear, and it increases in price.  It pays 10% profit.

There is a 3% odds of reset, so you have 97% odds of winning. - no more random reset!

There are 3 games running at once, so there's no waiting, like similar games.

Play it and let me know what you think!

[1713867695]

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[1713867695]

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[1713867695]

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[lightlord]

A Bear ponzi scheme? 

[blockbet.net]

Funny idea, I just bought a bear. Somebody give Baloo a new home!

I didn't put any link on it, but now it links to some weird address that doesn't work. Maybe you could look into that. Ideally it shouldn't link anywhere.

[velacreations]

yeah, that was a little glitch.  I changed it so that it doesn't link to anything.

[scatha]

cute !

[velacreations]

I am considering adding a new level to this game.  Instead of resetting back to 0.5 btc, it could pick a random amount for the reset, like 3 btc, or whatever.

Then, the guy that hits the reset becomes the new owner at 3 btc (but they only pay the price they click on).  So, resetting could mean a jackpot win, or a lose.

The other thing I have thought about is to set each bear as a different game, like this: 
  #1 is the chain, like the original Bitcoin Gem or http://bitcoingoldbar.com
  #2 could be random reset back down to .5 btc
  #3 reset with random amount

What do you think?

[MPOE-PR]

Instead of wasting your time trying to rehash the pointless gem thing, see here.

[velacreations]

yeah, I read that before I started.  Thanks.

[kayrice]

Best of luck! Don't let the haters dissuade you - they hate everything always.

[velacreations]

well, people are really starting to play it, so I'm happy with it.

To be honest, it was a way for me to get my feet wet coding a bitcoin game, and it came out really well, IMO.  So, I'm happy.  There have been a few minor glitches, but nothing major, and it has given me a lot of experience with how to make systems like this work.

But, I am still interested in improving it.  I think the random reset of the price is a good idea, just to add another dimension.

[scatha]

Improve a bit on the design!

instead of saying "Sorry! Transaction is in process." it could instead say "Sorry! Little Bear 'XXXXX' is asleep, please don't you wake him up yet." or just show a bear lieing down.

As for MP's comment, I think that guide is valid & good for large business but not a little game like this, right?

[velacreations]

Improve a bit on the design!

instead of saying "Sorry! Transaction is in process." it could instead say "Sorry! Little Bear 'XXXXX' is asleep, please don't you wake him up yet." or just show a bear lieing down.

That's a good idea, I will play with that.

I am trying to figure out a way to kinda cap the amounts as well.  Reset odds probably won't do it, though I'm thinking if a bear hasn't been played for a few days, it might reset, and the last guy playing will be the first guy in the new round.

What do you think?

[velacreations]

We had our first reset today, and everyone has jumped on that bear!

I am going to look into adding a page of all histories, including previous rounds.  Should be fairly easy.

[velacreations]

Something strange happened with my transaction. I bought the first bear for 0.67BTC and named him pirateat40.

Here's my transaction:
http://blockchain.info/tx/db7cb7d25fe202192513ec28ab4d8bc43d8e8f7c14f22804641e4c70cf5a8bcb

I've never received any payment yet, even though the bear was sold & I didn't reset the round. I'm also now missing from the history.

You were paid .74 btc here:
http://blockchain.info/tx/e06d787632681ae7b74233aada7888d6149329dbffb510c1cc91cea2fea24543

I see you in the history on Bear 1.  You won't appear in the history until you are paid.

[velacreations]

it doesn't add you straight away to the history if you are not paid, but I will change that.

I'm also working on a history for all rounds.

Thanks for playing!

[velacreations]

I added a complete history: http://bitbears.com/history.php

[velacreations]

I think I am going to add a stagnant bear rule.  So, if a bear sits for more than 48 hours or so, it automatically resets.  What do you guys think about that?

[EricTyle]

You making any profit?

Please explain to me how you make your profit to keep the game running? That's my main concern.

[velacreations]

I am making a little profit, 5% on each buy, basically.  Each buyer covers the cost of the previous buyer, so there is not a whole lot of cost associated with keeping the game running.

I think adding in a time rule will help keep the game moving, and if buyers share the game with their friends, it should keep it going, too.  The idea is that you benefit from finding another person to buy your BitBear, so it is in your interest to spread the word.

[velacreations]

Ok, I added the time rule.  If a Bear sits stagnant for 48 hours, it resets.