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Author Topic: [ANN] TrueFlip - Become a part of the world's largest blockchain lottery +Bounty  (Read 115471 times)
TrueFlip.io
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June 26, 2017, 03:05:01 PM
 #281

Just made new account there but not option to make deposit with other altcoins instead of BTC. Maybe my account have some problems to make deposit using LTC.

It seems I couldn't understand you correctly. You can't buy tickets for alcoins now. Such an opportunity will be available only after the ICO starts. But you will be able to buy tokens for altcoins from June 28.

Best regards,
Trueflip.io


Thanks for this reply I was actually asking how to play lottery with altcoins so that I will wait for June 28 when this will be up for place bets there.

Wise decision!

Best regards,
Trueflip.io
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June 26, 2017, 03:09:45 PM
 #282


Hello Wowcoin

Counted second day!

Please post your next report to Bounty thread https://bitcointalk.org/index.php?topic=1980698.new#new


Best regards,
Trueflip.io

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June 26, 2017, 03:18:30 PM
 #283

Hi,

As a potential investor, I am very concerned by what I have seen looking at your lottery algorithm. There are 2 glaring issues that undermine the legitimacy of your lottery and are astounding given the millions that will soon be raffled on the site.

1) Any customer who has purchased a ticket using number 49 has been cheated. Your algorithm uses modulo 49 which makes it so only numbers 1 through 48 are drawn.
2) Your algorithm discards repeated numbers and moves to the next 4 character section in the hash. This is inherently ok, but there are no safeguards to prevent a bitcoin block hash that generates duplicate powerball numbers exceeding the unique hash length. This may not happen for a long time, if ever, but there are already 18 prefix 0s on the bitcoin block hash, reducing your available seeds for the drawings, and this will only decrease in time. When it does hit, your algo will crash. For a lottery based business understanding the impact of ' small odds', this should go without saying..

https://github.com/TrueFlip/prizecounter/blob/master/algorithm.py

edit: 4 character, not 4 bit
edit2: this also applies to the golden ball with modulo 26


Hello, Bitboi1. You are right, and we have this bug found & fixed by now. The proper code is on GitHub (we try to publish the updates there as often as possible). All the following Draws will use the correct algorithm.

Also we decide to enable a permanent Bug Bounty program after the ICO. As you’re the first community member to blaze this trail, we are pleased to reward you with True Flip tokens – just PM us for details!

We will give an extra free ticket to everyone, who had played for free using number 49 from the main list or number 26 from the Powerball list. Also 2 paid tickets are provided in compensation for each paid ticket which had played using 49/26 numbers. Frankly, these days our whole resources are used to conducting the ICO, so we’ll do this in the nearest future.

As for the second issue, we’re aware and don’t consider this to be an issue in the present time. The code will be improved rapidly in case the hash starts shrinking. According to True Flip’s roadmap, we plan a massive refactoring with third-party consulting involved – after the crowdsale ends, so we welcome you and everyone interested to help us improve the code.

Again, we are open for any feedback that the community members are ready to provide us with. We will definitely encourage all useful inputs with with rewards Smiley FandangledGizmo Frank37


Best regards,
Trueflip.io

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June 26, 2017, 03:29:16 PM
 #284

It was pleasure to contribute as Korean translator.

Good luck with your ICO.


Hello SolidLiquid

Thank you for your work!

Korean translation is coming tomorrow.

Best regards,
Trueflip.io

Nice Korean web page.

I'll be happy to announce this ICO to Korean Investors.

Looking forward to your annoncement!
It's time!


Best regards,
Trueflip.io

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June 26, 2017, 04:18:12 PM
 #285


Hello, Bitboi1. You are right, and we have this bug found & fixed by now. The proper code is on GitHub (we try to publish the updates there as often as possible). All the following Draws will use the correct algorithm.

Also we decide to enable a permanent Bug Bounty program after the ICO. As you’re the first community member to blaze this trail, we are pleased to reward you with True Flip tokens – just PM us for details!

We will give an extra free ticket to everyone, who had played for free using number 49 from the main list or number 26 from the Powerball list. Also 2 paid tickets are provided in compensation for each paid ticket which had played using 49/26 numbers. Frankly, these days our whole resources are used to conducting the ICO, so we’ll do this in the nearest future.

As for the second issue, we’re aware and don’t consider this to be an issue in the present time. The code will be improved rapidly in case the hash starts shrinking. According to True Flip’s roadmap, we plan a massive refactoring with third-party consulting involved – after the crowdsale ends, so we welcome you and everyone interested to help us improve the code.

Again, we are open for any feedback that the community members are ready to provide us with. We will definitely encourage all useful inputs with with rewards Smiley FandangledGizmo Frank37


Best regards,
Trueflip.io



Hi, thanks for your response. Good to see you guys address it. However, I am still concerned why action would not be taken now to address the second issue. At present hash difficulty, the risk of duplicate draws crashing your algorithm is approx (4/49)^7 * 100 = .0000025%. Although very small, it is not safe!! Why risk this happening when it could be guaranteed correct with a few lines of code in only a few minutes? This probability is 100x more likely to occur than winning the jacket, ie, theoretically your algo will break 100 times before a jackpot is drawn. My opinion as a hopeful investor is that it does not instill confidence.   Undecided
TrueFlip.io
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June 26, 2017, 04:26:50 PM
 #286



Sorry! I've already signed up.

Thank you vitocorp

Counted!

Please post your next report to Bounty thread https://bitcointalk.org/index.php?topic=1980698.new#new


Best regards,
Trueflip.io
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June 26, 2017, 04:34:39 PM
 #287

I have joined TrueFlip twitter campaign. I fell lucky to be part of this beneficial endeavor utilizing the power of blockchain technology Smiley

Hello lobat999

Welcome!

Please post your reports to Bounty thread https://bitcointalk.org/index.php?topic=1980698.new#new


Best regards,
Trueflip.io
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June 26, 2017, 04:39:04 PM
 #288

"i want to try my luck"

If you want to get free ticket, please do all of this steps:
 
1. Sign up at trueflip.io
2. Write your Telegram name in this topic adding "i want to try my luck"
3. Fill this form https://goo.gl/RufjyK

Best regards,
Trueflip.io
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June 26, 2017, 04:55:56 PM
 #289



this is a great news man, thanks for updating us. i got few more questions though, about the twitter, i posted one already about my tweets and retweets, now i wanted to ask if do i need to post again for another batch or might as well edit my previous post so all of my tweets and retweets will only be in one post?

thanks,


ps: just checked the spreadsheet,  why i dont have retweets and reposts indicated in the spreadsheet on both campaigns? only tweet and posts appear. no reposts and retweets..

Hello LEEMEEGO

Thank you for finding mistake, I've fixed it.

Do the posts and tweets about TrueFlip as many as you want and can. If it is video or live, you get more stakes.
They must be original.

Post your next report to Bounty thread https://bitcointalk.org/index.php?topic=1980698.new#new
To check me and yourself number your links consecutively post to post. 


Best regards,
Trueflip.io

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June 26, 2017, 05:17:01 PM
 #290

"i want to try my luck"

If you want to get free ticket, please do all of this steps:
 
1. Sign up at trueflip.io
2. Write your Telegram name in this topic adding "i want to try my luck"
3. Fill this form https://goo.gl/RufjyK

Best regards,
Trueflip.io


Thank you for the info. I've tried to avail of my free ticket but I can't get one. I'll try my luck later. Regards
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June 26, 2017, 05:32:04 PM
 #291

Twitter Username:  @astantoid
Twitter Url: https://twitter.com/astantoid
Follower : 2649

Tweets

https://twitter.com/astantoid/status/879383703406821376

Retweets

https://twitter.com/TrueFlipLoto/status/879215996715900930
https://twitter.com/TrueFlipLoto/status/879318073475555328
https://twitter.com/TrueFlipLoto/status/878888382075736064


Facebook : https://www.facebook.com/albert.jun.79
Friends: 3726
Followers: 1
 
Posts:
https://www.facebook.com/albert.jun.79/posts/10209731020613302

Reposts:

https://www.facebook.com/albert.jun.79/posts/10209731076894709
https://www.facebook.com/albert.jun.79/posts/10209731068894509
https://www.facebook.com/albert.jun.79/posts/10209731053654128
https://www.facebook.com/albert.jun.79/posts/10209731049974036


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June 26, 2017, 05:46:12 PM
 #292

June 26 3rd Daily Post
Facebook url: https://www.facebook.com/philip.totanes
Friends: 2,692
 
Posts:
https://www.facebook.com/philip.totanes/posts/10207203056235074
Repost:
https://www.facebook.com/TrueFlip.io/videos/1336661026454638/
https://www.facebook.com/philip.totanes/posts/10207202917271600
https://www.facebook.com/philip.totanes/posts/10207202917071595
https://www.facebook.com/philip.totanes/posts/10207202916191573
https://www.facebook.com/philip.totanes/posts/10207202914151522


Twitter username: Philip Totanes
Twitter url: https://twitter.com/Stella_mia08
Followers: 7,247
 
Tweets:
https://twitter.com/Stella_mia08/status/879394602486296576
 
Retweets:
https://twitter.com/TrueFlipLoto/status/878888382075736064
https://twitter.com/TrueFlipLoto/status/877255444988907521
https://twitter.com/TrueFlipLoto/status/878959427860271104
https://twitter.com/TrueFlipLoto/status/879215996715900930
https://twitter.com/TrueFlipLoto/status/879318073475555328

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June 26, 2017, 09:11:37 PM
 #293

Saran: i want to try my luck

 
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June 26, 2017, 09:51:08 PM
 #294

I have a question:
Let's say u guys get the 6125 BTC through the crowdsale, u will put half of it into the jackpot. Let's assume somebody wins that Jackpot 2 weeks later. While this is very unlikely, it could happen. What happens then? Ur gonna have another crowdsale?

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June 26, 2017, 10:12:04 PM
 #295

I have a question:
Let's say u guys get the 6125 BTC through the crowdsale, u will put half of it into the jackpot. Let's assume somebody wins that Jackpot 2 weeks later. While this is very unlikely, it could happen. What happens then? Ur gonna have another crowdsale?
No. I don't think so, plus, the jackpot won't be won by one person but three.
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June 26, 2017, 10:26:52 PM
 #296

I have a question:
Let's say u guys get the 6125 BTC through the crowdsale, u will put half of it into the jackpot. Let's assume somebody wins that Jackpot 2 weeks later. While this is very unlikely, it could happen. What happens then? Ur gonna have another crowdsale?

We envisaged such a situation. Therefore, we are making 2 Jackpots. More details in the White Paper:  https://trueflip.io/TrueFlip%20Whitepaper(01.06).pdf

"
Why do we still need to sell Tokens?
Here are the main issues:
1. Jackpot. A lottery is interesting only if there is a BIG Jackpot. For a powerful launch we are planning to raise 1`960 BTC for Jackpot via Token Sale campaign. This value is achieved by multiplying: 40% * Total- SaleGoal * 80%, where 40% - is a share of funds assigned for Jackpot, TotalSaleGoal – amount of money raised during the Token Sale and 80% - is the  rst part of the Jackpot. The Jackpot will be secured on cold wallets with use of multisignature escrow involving three community stakeholders, while the development team won’t have any access to this money. So when someone lucky wins the Jackpot, it will be transferred manually.
2. Second Jackpot. We understand that the probability of winning the Jackpot is 1:49`504`950. But the risk still exists, and we must ensure that we do everything we can to maximize the pro tability of our inves- tors. Therefore, we will have a second Jackpot, the size of 490 BTC, which corresponds to 20% of the funds assigned for the Jackpot. The calculation is as follows: 40% * TotalSaleGoal * 20%. It will also be stored on a cold wallet and use multisignature escrow involving three community stakeholders, but will only be used if the  rst Jackpot is won. Thus, we minimize the risk of losing interest to our lottery if during one of the  rst drawings the Jackpot will be won.
"
Best regards,
Trueflip.io
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June 27, 2017, 02:42:54 AM
 #297

"i want to try my luck"
Of course you must to try this lottery game, that very easy game and one think they are have a huge jackpot, and make sure dont be missed out the token sale that in 1 day left
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June 27, 2017, 03:01:14 AM
 #298

When we will be able to mine it?Wallet address?
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June 27, 2017, 04:49:25 AM
 #299

I have a question:
Let's say u guys get the 6125 BTC through the crowdsale, u will put half of it into the jackpot. Let's assume somebody wins that Jackpot 2 weeks later. While this is very unlikely, it could happen. What happens then? Ur gonna have another crowdsale?

Come on! I am sure that the team will have strict measures to maintain the jackpot funds. I don't think someone will be able to wipe clean the Jackpot funds even when the there is a chance. Such an event, which if it happens, would be a big blow to True Flip and  it is best to have something in place which would reduce the happening of such an event. Don't get me wrong! there should be winners and prizes should be distributed, but that doesn't mean a complete wipe out of the entire funds in Jackpots.

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June 27, 2017, 05:05:23 AM
 #300

 
 
 

Now portuguese speakers can discuss about True Flip on the official thread in portuguese.

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