CoinBomb.com has just launched!

[coastermonger]

So a reddit user using coinbomb claims all his BTC and LTC were stolen http://www.reddit.com/r/Bitcoin/comments/1e79ig/how_were_my_encrypted_bitcoin_and_litecoin/

[bitbuilder]

This is a fun twist to a classic game. Hope you do well with it!

[Rapunzel]

awesome,looks promising.

[CoinBomb]

coastermonger : unfortunately, this is a problem with the bitcoin community at large. Any new site comes up, everyone screams "SCAM" - think about it. how would we EVER be able to drain a users wallet? they send money to us, and that's it. We dont have any other access to ANY information, wallets, etc. It truely is an uphill battle with some people, instead of forming an informed opinion, they jump in with absolutely no facts.

It is absolutely awful that this user got his wallet drained, and I truely feel sorry for him (there are some AWFUL people in the world ) - but if you read carefully, he says the ONLY REASON he has any money LEFT is because some of it was tied up with us and another site.

[gabet123]

ok so is this a game of chance or skill? it seems like it would take some skill to determine by probability the likelihood of making a profit but it does also seem like just straight chance.

[CoinBomb]

I'd say its a mixture of both.

There is skill (/experience) in judging what the top of the market is.
There is also a luck factor involved.

Grab a bomb early, and your chances to see a return increase dramatically.

[Birdy]

Atm it's most likely a coinfest for people using bots...

[dman99]

ok so is this a game of chance or skill? it seems like it would take some skill to determine by probability the likelihood of making a profit but it does also seem like just straight chance.

It's really combination of observing, skill, luck, and just how big your balls are.

There have been times I've bought a bomb and instantly regretted it.  I've lost some money due to bad purchases, but I've also made a ton of money from some of these purchases.  It's really just a matter of how brave you are.

[Birdy]

It's really just a matter of how brave you are.

Your "braveness" is gambling, nothing more. As long as you think that's what you have to do to be brave you are in an high danger of losing all your money.

[K31thL]

Looks like fun, you got me interested

[litejar]

Count me in!

[CoinBomb]

If anyone has an idea for a special bomb, just let us know! (PM it to us - lets not ruin the surprise for everyone else  )

[CoinBomb]

We've taken on board some of your thoughts about the look of the interface - just uploaded a new design, makes things far easier to see. Check it out!

[Kosmatik]

I've used coinbomb before, got my LTC back within minutes of someone else getting the bomb. Legit!

[KLouie]

This site is legit.

[CoinBomb]

T Minus 3 minutes to Kiloton & Kilojoule launch!

Bombs are live! Get them while they're taking off!

[Supercoin]

I really like the idea, hope to implement to our coin.

[dman99]

When there are more than 4 bombs, the last few get pushed down to a second row.  Since your bombs are so tall, I feel like no one will see these lower bombs, so no one will buy them.  Seems kind of unfair honestly.

The styling changes have made things look a lot better though.  I still think the font on the bombs is too large and all looks too similar, but it definitely has improved.

[jamesgarfield]

CoinBomb has just launched! You can check it out at http://www.coinbomb.com.

Coin Bomb is is similar to the game Hot Potato, once a bomb is bought (grabbed) then a countdown timer will start. The owner of the bomb then has 24 hours to find someone else to buy their bomb for up to 35% profit, or can buy the bomb again themselves for another 24 hours on the clock. Fail to sell the bomb and it will explode and the person holding the bomb will only get a consolation prize of up to 20% of the profit so far, so make sure to tell everyone in order to get the bomb out of your hands! If they do manage to sell the bomb then they will receive their original purchase price plus interest. Each time the bomb is grabbed the price goes up

I checked it out its awesome thanks!

[BTCoder]

I just witnessed the gigaton bomb running out of time. It was at 0.625 BTC (+0.625 BTC profit), awaiting payment, and when the timer hit 0:00:00 it reset to 12:00:00 at the same price again. What's up with that?

There really isn't a good description of how things work, so I'll do my best.  The same applies for bitpotato.

There are 3 different states a bomb may be in

Countdown state - This when when the bomb/potato is available to purchase.  The timer shows how much longer until the bomb/potato expires.

Awaiting payment - Someone has clicked the button to purchase the bomb/potato.  The person now has a set amount of time (usually around 5 minutes) to send the coins to the correct address.  The main timer isn't counting down during this state.  If time expires and a payment hasn't been sent, it will go back into the countdown state for someone else to claim.

Verifying payment - This state is entered when coins have been received.  The potato is locked and waiting for the transaction to get some confirms.  Once a certain number of confirms have occurred, the bomb/potato's price is increased and the potato goes back into the countdown state.  This usually takes anywhere from 8-15 minutes, and I think they allow up to 2 hours for this.

Things work slightly different for coinbomb and bitpotato, so be sure to watch for a bit and observe before you get in there and start bidding.

Your still awaiting payment hopefully you get it soon.