[Closed][BTE] Bytecoin Emerald/Ruby

[saigo]

Was just thinking of a variation, where as the emerald is passed around and each time, bought, the BTE goes into a central payout pool, so by buying the emerald, you are putting BTE in the pool.

As the 24hour runs down, and the reset occurs, the BTE is paid out to all the previous owners, but, perhaps larger corresponding share the earlier you owned the emerald, and maybe limit ownership to just once per reset period. The later owners in the chain get back less than they put in, but perhaps only slightly less.

Maybe this system would encourage many people to try and buy in early, and would create momentum.

Yes, I think its a Ponzi idea, but if you dont increase the cost of ownership so quickly, and keep the cost of ownership relatively small, people do not end up losing a large sum, and it keeps it more on the 'fun to play' side of things, but with the early buyers still perhaps able to make a larger gain.

You could also add a twist to this game, and allow people to 'buy' a 24 hour ( or maybe on a per hour basis ) extension, again the BTE from that time purchase going to the pool. The early buyers may think it a good tactic to buy a time extension to try to increase the pool size by allowing more time for people to play.  As might someone on the border line of making or slightly losing BTE if the reset occurred.

I think you'd need a webpage with a table showing how much each person in the chain would make or lose if the reset were to occur at that point in time, and how much at the next reset if no more buyers.

The house could take say 1% of the final pool total, for the trouble of running the game.

Lets call this game the 'The Great Bytecoin Ponzi Pool'  - so no one is under any illusions as to what it is

That sounds like a great idea! I might consider making a separate website like this

Please do, it'll be great to play !

I think perhaps, you could make the first 50% of buyers make profit and the last 50% of buyers lose. The first to buy makes the most, the last to buy loses the most. You'd need to create a formula to apply to the list to distribute the pool across the players in the same manner every game.

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[twelph]

Alright people. First person to buy from me, I promise to buy back from them ;P

Edit: I am appalled by the lack of trust on these forums, this is taking way too long. I rescind my offer.

[saigo]

Alright people. First person to buy from me, I promise to buy back from them ;P

Haha! You saved Legend :-)

Hey can you buy this one too - http://highroller.litecointreasure.com/ ? 

[zemario]

BTE FTW.

Trolls of the internets, unite!

If there would be a troll land, BTE would be the official currency, so trolls could troll around when they would buy stuff from other trolls.

Although I don't own any, I love this coin. It's by far the coolest one after BTCs. I thought it was just an april fools joke and I enganged in trolling, but it backfired. Now, BTE are still around and I red in some post that the BTE total hashrate was something like 2% of that of BTCs??!? I was the one trolled I guess.

This emerald is the crop of the cream of BTEs.... a little bit pyramid scheme seasoned but at the same time a fun not-so-dangerous troll. Buy buy buy buy. Troll Troll troll troll.

[Digigami]

Anyone want to buy from me?

I've updated the site so that you are paid 40% of the house profit

PS: Digigami, I will refund you some of your loss if you want.

EDIT: I changed it to refund house profit, like iamrickrock suggested

Probably a good change, that was a bit of a loss. No need to refund though, it was a known risk and I figure you deserve a little for all the hard work your pouring into this

[twelph]

I'm getting sad you guys, the buy in is so low, someone save me!

[saigo]

First in with the new Emerald !! who wants it next !! cheap at the price !!

 

http://bytecoin.us.to:9000/

[saigo]

I bought it back.. lets run this baby to the moon ! 

[saigo]

wow that was fast, its now too expensive for me    not enough Bytecoins.. will have to wait for the next reset..

[saigo]

It can take quite a long time for the confirms to come in, ( slow network ) , you usually see the funds on the web page, once the first confirm has occurred..

[GForce]

Fun, sent in 10 BTE waiting for next reset

[saigo]

Fun, sent in 10 BTC waiting for next reset

I hope you meant BTE.. its not bitcoin, its bytecoin..

[GForce]

Fun, sent in 10 BTE waiting for next reset

I hope you meant BTE.. its not bitcoin, its bytecoin..

Whoopsies, yeah BTE

[LucasJones]

Erm... We seem to have run into a slight problem... The server just decided to delete all of the user data for the site

If you had a significant amount of BTE PM me your user id, payout address and your loss, and I'll put it back into your account

EDIT: Found a backup, no need to worry!

It was in the server log, luckily I made the server print out the entire database on every save

[GForce]

Erm... We seem to have run into a slight problem... The server just decided to delete all of the user data for the site

If you had a significant amount of BTE PM me your user id, payout address and your loss, and I'll put it back into your account

EDIT: Found a backup, no need to worry!

It was in the server log, luckily I made the server print out the entire database on every save

My BTE still has not come through
http://blockexplorer.bytecoin.in/address/8ZR6rZAHmGuYwLCNqdUTZyUUNd2fmvnept

[LucasJones]

My BTE still has not come through
http://blockexplorer.bytecoin.in/address/8ZR6rZAHmGuYwLCNqdUTZyUUNd2fmvnept

It should be in your account now, I registered the transaction manually.

[legend]

I installed a linux distro and accidentally deleted windows.. Byte Bye Bytecoin!

[saigo]

I installed a linux distro and accidentally deleted windows.. Byte Bye Bytecoin!

heh, it may still be there, did you really install over it ?

[GForce]

I wish it was reset so I can get some bytecoins

[legend]

I installed a linux distro and accidentally deleted windows.. Byte Bye Bytecoin!

heh, it may still be there, did you really install over it ?

I'm not too sure, it's not that big of a deal so I didn't really bother looking for it.