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Author Topic: Double Trouble (Instant/Automatic) w/ Partial Refunds! [12hr rounds]  (Read 28360 times)
NothinG
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June 17, 2011, 12:53:57 PM
 #1

I admit I messed up.
I coded too much for too long, and didn't take the time to check my work; in the end, the users paid.
I am sorry for what happen, but I had other projects going on to which I had no time to spend to make Double Trouble right.

I ended up selling my script for an undisclosed amount of money.
The guy ended up creating (from what I take it) a MySQL version of what I did.
He has a better ideas for the script, and obviously a better design schema.
http://forum.bitcoin.org/index.php?topic=22279.0

Trust me, hate me; I'm sorry.

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ibisy70
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June 17, 2011, 12:55:43 PM
 #2

What is it? not sure i understand.
NothinG
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June 17, 2011, 12:56:47 PM
 #3

What is it? not sure i understand.
Basically:
You put in 1BTC, and wait for someone to put in enough to Double 1BTC.
This keeps going until the game is over.

elements
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June 17, 2011, 01:10:15 PM
 #4

What an idotic ponzi scheme!

01 - 1
02 - 2
03 - 4
04 - 8
05 - 16
06 - 32
07 - 64
08 - 128
09 - 256
10 - 512

(this is not completly correct since I did't applied the "hosting and game" fees, which make any amout slightly smaller than mentioned)

So, basically if only 10 persons per day would participate, the 10th person had to risk 512 BTC in hopes some even bigger idiot would bring in 1024 BTC (that's only about 16.800 USD at this time). The last one either never gets his money back OR has to pay a 2% Fee which at that point would be the nice some of  336 USD.

Well, happy gaming Wink

»A common mistake that people make when trying to design something completely foolproof was to underestimate the ingenuity of complete fools.« - Douglas Adams
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NothinG
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June 17, 2011, 01:15:48 PM
 #5

What an idotic ponzi scheme!

01 - 1
02 - 2
03 - 4
04 - 8
05 - 16
06 - 32
07 - 64
08 - 128
09 - 256
10 - 512

(this is not completly correct since I did't applied the "hosting and game" fees, which make any amout slightly smaller than mentioned)

So, basically if only 10 persons per day would participate, the 10th person had to risk 512 BTC in hopes some even bigger idiot would bring in 1024 BTC (that's only about 16.800 USD at this time). The last one either never gets his money back OR has to pay a 2% Fee which at that point would be the nice some of  336 USD.

Well, happy gaming Wink
If say the 10th person were the last person of the day, and they put in 512BTC then they would loose 2% (from fees) and get 509.44 back.
How is that bad?

Patrón
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June 17, 2011, 01:18:26 PM
 #6

It's not a ponzi scheme as the scheme initatior (person who started it) isn't taking an amount, only a cut.

So theoretically, only a small % is lost by the final poolee of the day, but with a chance of making a much greater amount.

All my bitcoin/altcoin addresses can be found here. (http://moveco.in/geoff)
Create a list of your easily at http://moveco.in/
elements
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June 17, 2011, 01:20:13 PM
 #7

What an idotic ponzi scheme!

01 - 1
02 - 2
03 - 4
04 - 8
05 - 16
06 - 32
07 - 64
08 - 128
09 - 256
10 - 512

(this is not completly correct since I did't applied the "hosting and game" fees, which make any amout slightly smaller than mentioned)

So, basically if only 10 persons per day would participate, the 10th person had to risk 512 BTC in hopes some even bigger idiot would bring in 1024 BTC (that's only about 16.800 USD at this time). The last one either never gets his money back OR has to pay a 2% Fee which at that point would be the nice some of  336 USD.

Well, happy gaming Wink
If say the 10th person were the last person of the day, and they put in 512BTC then they would loose 2% (from fees) and get 509.44 back.
How is that bad?

They would have at least lost 2.56 BTC (42,50 USD @ 16.6) OR somehow the site went down and would have lost 512 BTC.

Good luck with your business!

»A common mistake that people make when trying to design something completely foolproof was to underestimate the ingenuity of complete fools.« - Douglas Adams
Use the trusted German Bitcoin exchange: https://www.bitcoin.de/de/r/5wcwts
Tips & donations: BTC : 1MAQYNLp2VJ9wWhPYg5BnrbUGzdhGXopZw | CGB: 5bgQivyHJcSWTgvLfVW87Zj23M7mcFCVBF
NothinG
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June 17, 2011, 01:24:02 PM
 #8

If say the 10th person were the last person of the day, and they put in 512BTC then they would loose 2% (from fees) and get 509.44 back.
How is that bad?

They would have at least lost 2.56 BTC (42,50 USD @ 16.6) OR somehow the site went down and would have lost 512 BTC.

Good luck with your business!
That is how the game is setup.
If they choose to attempt to double that high, that's up to them.

No one is forcing anyone to do the exponential system like you suggest.

I do thank you for your input. Smiley

Quote from: Patrón
It's not a ponzi scheme as the scheme initatior (person who started it) isn't taking an amount, only a cut.

So theoretically, only a small % is lost by the final poolee of the day, but with a chance of making a much greater amount.
Yeah, it's just how the game is setup. To make people happy without feeling cheated.

elements
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June 17, 2011, 01:27:39 PM
 #9

It's not a ponzi scheme as the scheme initatior (person who started it) isn't taking an amount, only a cut.

So theoretically, only a small % is lost by the final poolee of the day, but with a chance of making a much greater amount.

Don't get me wrong - whoever wants to gamble can do so at their own risk.

BUT this guy has no means of reaching him whatsoever - no contacts on the site nor on his profile.
What if it becomes more profitable to simply shut the site down and keep the last poolee's coins?

Even the first person to participate has to risk 16.6 USD - I don't find this very attractive.

But, please play if you like it (and believe in the goodness of humankind)  Wink



»A common mistake that people make when trying to design something completely foolproof was to underestimate the ingenuity of complete fools.« - Douglas Adams
Use the trusted German Bitcoin exchange: https://www.bitcoin.de/de/r/5wcwts
Tips & donations: BTC : 1MAQYNLp2VJ9wWhPYg5BnrbUGzdhGXopZw | CGB: 5bgQivyHJcSWTgvLfVW87Zj23M7mcFCVBF
NothinG
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June 17, 2011, 01:31:44 PM
 #10

BUT this guy has no means of reaching him whatsoever - no contacts on the site nor on his profile.
I will be sure to add contact information!
Thanks for remind me.

What if it becomes more profitable to simply shut the site down and keep the last poolee's coins?
I don't see how it could be more profitable than leaving it running.


[Edit]: Contact information added to front page!

BtcNmcMiner
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June 17, 2011, 06:22:02 PM
 #11

Well, I entered for .1BTC, we'll see what happens.....

Btw, a countdown or time showing when the last round started would be an idea? Of course this could potentially stop people from entering later in the round I guess...

Discount Contract Available!: http://forum.bitcoin.org/index.php?topic=27549.0

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Benjie
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June 17, 2011, 10:30:27 PM
 #12

Now I know why you were hating at my thread, lol because everyone is hating on you in yours... loool
NothinG
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June 17, 2011, 10:32:12 PM
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Now I know why you were hating at my thread, lol because everyone is hating on you in yours... loool
I'm not hating. Grin

Man From The Future
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June 17, 2011, 10:59:54 PM
 #14

I've entered two of these, hopefully at least one of them actually pays out, then I break even Smiley
officialsavage
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June 17, 2011, 11:03:18 PM
 #15

You've made yours too complicated.  I like the google spreadsheets the other two guys keep, and I like the one btc address so we can track on the bitcoin explorer site.  Keep it simple and people will play.
NothinG
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June 17, 2011, 11:05:58 PM
 #16

I've entered two of these, hopefully at least one of them actually pays out, then I break even Smiley

I just noticed I left out the bank balance variable to check to see what the pot is.
I just added it in there.

No money is lost or gone, just will take another people with at least 0.1BTC to pay the others out.
(I should probably setup a while loop to check the bank).

Actually, yeah...I'm going to setup a process to push payments if the pot is big enough (which is it at least for the first two people right now).

You've made yours too complicated.  I like the google spreadsheets the other two guys keep, and I like the one btc address so we can track on the bitcoin explorer site.  Keep it simple and people will play.
The SCI I use doesn't send the back the address of the person who paid. It just sends back "Bitcoin P2P Network".

Man From The Future
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June 17, 2011, 11:16:14 PM
 #17

edit: I failed Cheesy
NothinG
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June 17, 2011, 11:19:11 PM
 #18

I'm about to start manually pushing out payments.
Sorry about that automation.

[Edit]: Looks like the code is fixed up, and people are getting paid out!
If anyone would like to confirm their payment, that would be good. Smiley

Man From The Future
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June 17, 2011, 11:51:50 PM
 #19

I'm about to start manually pushing out payments.
Sorry about that automation.

[Edit]: Looks like the code is fixed up, and people are getting paid out!
If anyone would like to confirm their payment, that would be good. Smiley

Just interested, how any lines of code are there? Tongue
NothinG
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June 18, 2011, 12:04:45 AM
 #20

I'm about to start manually pushing out payments.
Sorry about that automation.

[Edit]: Looks like the code is fixed up, and people are getting paid out!
If anyone would like to confirm their payment, that would be good. Smiley

Just interested, how any lines of code are there? Tongue
index.php - 95
library(for proc) - 135 [provided by the SCI]
returnfile(when you pay) - 183
pay.php - 32
failed.php - 3
success.php - 5
faq.php - 49
newgame(cron file) - 109

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