ANN [TILT] A Poker Player's Cryptocurrency (Main chain is LIVE!)

[DollaHolla]

What's the current record of the most people registered for a tournament so far?

23    http://tiltscope.com/tournaments/


https://s29.postimg.org/khmxshxwn/image.png

Oh thanks I didn't know about that feature. Hopefully we see a full game one day 

[megatilt]

Week 5 of 54
https://docs.google.com/spreadsheets/d/1X2XNhwQPYRtR_-hMvH2tE4VjAudRdLYcrdzjsOg8xOM/edit?usp=sharing

Rewards will be sent shortly.

[megatilt]

294,000 TILT was burned for this week's surplus

Code:

> tilt.sendTransaction({from:'a1e4f4157f699996dfcf49a2a9657098dfecadd8', to:'0x0000000000000000000000000000000000000000', gas: 21000, value: quads.toDwan(294000 , "tilt")})
"0x0bbde11ed3180bb8d108660f72ef602700e1f0b28393561fe37b0926e1c50d6a"
> tilt.getTransaction("0x0bbde11ed3180bb8d108660f72ef602700e1f0b28393561fe37b0926e1c50d6a")
{
  blockHash: "0x04c98580ca0b3bcfbf353c74b6abc118eac286d01eb09b8d868579776b660ff4",
  blockNumber: 128708,
  from: "0xa1e4f4157f699996dfcf49a2a9657098dfecadd8",
  gas: 21000,
  gasPrice: 20000000000,
  hash: "0x0bbde11ed3180bb8d108660f72ef602700e1f0b28393561fe37b0926e1c50d6a",
  input: "0x",
  nonce: 10,
  r: "0x8d626bc2bf382dec57a879048206c725875a34231e4455fe63d973aa6ab0909a",
  s: "0x76c30492c224590c5d2637679348acdb777dc81d72c3929a07459487290e3fe1",
  to: "0x0000000000000000000000000000000000000000",
  transactionIndex: 0,
  v: "0x25",
  value: 2.94e+23
}

[megatilt]

What will happen after 80M TILT has been distributed?

The weekly rewards and the freerolls will continue.
But there will be adjustments in rake and rakeback to subsidize it.

Right now, I'm working on a decentralized exchange where we can safely trade TILT vs BTC.
It will be based on market pegged bitcoins collateralized by TILT.
It will use Contracts For Difference (CFD).

I intend to deploy it as soon as I can while we are waiting for the TILT blockchain to switch to PoS.

Enjoy the games.

[Virtuoso]

What will happen after 80M TILT has been distributed?

The weekly rewards and the freerolls will continue.
But there will be adjustments in rake and rakeback to subsidize it.

Right now, I'm working on a decentralized exchange where we can safely trade TILT vs BTC.
It will be based on market pegged bitcoins collateralized by TILT.
It will use Contracts For Difference (CFD).

I intend to deploy it as soon as I can while we are waiting for the TILT blockchain to switch to PoS.

Enjoy the games.

great news thanks to the hard working dev.

[xDreamscape]

How do I create an account so I can play in the tournaments?

[megatilt]

How do I create an account so I can play in the tournaments?

Those with jr member status or higher can just request for an account here or pm me.

[bspus]

What will happen after 80M TILT has been distributed?

The weekly rewards and the freerolls will continue.
But there will be adjustments in rake and rakeback to subsidize it.

Right now, I'm working on a decentralized exchange where we can safely trade TILT vs BTC.
It will be based on market pegged bitcoins collateralized by TILT.
It will use Contracts For Difference (CFD).

I intend to deploy it as soon as I can while we are waiting for the TILT blockchain to switch to PoS.

Enjoy the games.

I don't see how people will keep playing ring games then.
Now they play because the rakeback is given back and bonuses are huge.

If you want to subsidize everything with rakeback, the tax will be huge.

Better just make tournaments where the buy-in amounts are all pooled for the winner(s) minus a tax for running costs

Also, when can we expect the transition to pos and what is the yearly % return?

[megatilt]

What will happen after 80M TILT has been distributed?

The weekly rewards and the freerolls will continue.
But there will be adjustments in rake and rakeback to subsidize it.

Right now, I'm working on a decentralized exchange where we can safely trade TILT vs BTC.
It will be based on market pegged bitcoins collateralized by TILT.
It will use Contracts For Difference (CFD).

I intend to deploy it as soon as I can while we are waiting for the TILT blockchain to switch to PoS.

Enjoy the games.

I don't see how people will keep playing ring games then.
Now they play because the rakeback is given back and bonuses are huge.

If you want to subsidize everything with rakeback, the tax will be huge.

Better just make tournaments where the buy-in amounts are all pooled for the winner(s) minus a tax for running costs

Also, when can we expect the transition to pos and what is the yearly % return?

After 80M distribution, it will be like a normal poker room. We somehow need the rake to subsidize the operations.
There might be adjustments in the rewards. That will be determined later.

Regarding the tournaments, that will also be done.
I'm willing to continue operating this I will only need very minor expenses for the servers.

Regard the PoS, I have not decided yet. I'm thinking 5% inflation.

[bspus]

Regard the PoS, I have not decided yet. I'm thinking 5% inflation.

Any estimation for the date? A few months or next year?

[megatilt]

Regard the PoS, I have not decided yet. I'm thinking 5% inflation.

Any estimation for the date? A few months or next year?

I really dont know. When Ethereum goes PoS, Tilt will follow shortly.

[jralter84]

How do I create an account so I can play in the tournaments?

Those with jr member status or higher can just request for an account here or pm me.

I am not a jr+ member but also want to participate. How can I get an account?

[megatilt]

How do I create an account so I can play in the tournaments?

Those with jr member status or higher can just request for an account here or pm me.

I am not a jr+ member but also want to participate. How can I get an account?

it won't take long to get to jr member

[jpcfan]

i would like an account please

[megatilt]

i would like an account please

Cool. Im still out so i'll pm you your account details in a few hours.
GL in advance.

[jpcfan]

i would like an account please

Cool. Im still out so i'll pm you your account details in a few hours.
GL in advance.

thank you for fast response

[megatilt]

We could have better Freerolls if people weren't allowed to register 4 hours ahead of time. Maybe keep registration limited to an hour before? 20% on average sitting out (some not even logged in). Perhaps even unregister people when they log out, if they log in 2 minutes prior to the tournament they can still register(it is not like there will be a lack of spots).
Perhaps give a warning message when a user logs out that they will be unregistered for tournaments and will need to re-register when they log in?

I understand the reason to limit user signups, but this is definitely hindering expansion. Also what about Twitter/Facebook users that don't have Bitcointalk accounts? I realize that this will be settled on a per user basis, but on the surface it appears that you want to keep this project as esoteric as possible.

if they don't show up within 5 minutes after the tournament started, they will be kicked out automatically.

regarding the new accounts, i'd rather have it this way to reduce multiple accounts owned by the same person. so far i only added one new account via facebook and i would continue to rarely do that. but anyone having bitcointalk jr member status would automatically get one if they are interested.

we have about 1 year to distribute 80M TILT and i'm expecting new signups would be slow early and would accelerate later.

[ROBERTO]

Hello, just a question, why 3 Omaha tournaments and only 1 Hold'em? Not possible to add more Hold'em tournaments?

Thanks

[megatilt]

Hello, just a question, why 3 Omaha tournaments and only 1 Hold'em? Not possible to add more Hold'em tournaments?

Thanks

Those are 3 different variants of Omaha to make it different games every 4 hours. But if many will request to change it, we can change it.

[megatilt]

I'm preparing the weekly reports and will be sending the rewards in a bit.