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Author Topic: If I had a large gambling website, who can I trust here?  (Read 2051 times)
Dabs (OP)
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May 21, 2013, 07:15:58 AM
 #1

Hi,

The question is: if I had a large gambling website or system or something, who can I trust here? Let's get to a specific example, let's pretend that I have the biggest raffle or lottery here, with jackpots and prizes amounting to hundreds or even thousands of bitcoins.

But then, I get hit by a bus, or I got hit by a train. Which is kinda the same. Or I get sunk out at sea, crash my car, or gone insane. (and it felt so good I want to do it again.)

The problem I would be having, which, if I am dead, is not my problem anymore, would be to follow through at least with the final round or game that I was hosting.

In this specific example, I am not a group of people or a corporation. I would just be one single private individual. Obviously, I have the private keys for any bitcoin addresses related to my game.

Question: Who can I trust here that would at least send the winner his coins according to the rules of the game? and you get to keep the change. (Donations for my funeral are optional but appreciated.)

This person would get an email about my inactivity (dead man's switch) and access to the wallets in question, after about one or two months. Everything encrypted of course. Or the password to an encrypted file I send you containing the same information. I don't want the site or server or host itself to have a hot-wallet that can send coins automatically, especially when we are talking about hundreds or thousands of bitcoins. For backup, maybe there are two or even 3 people. They will have to decide amongst themselves who is actually going to take action. If there are more than 3, then the rest simply get an email that "maybe I'm dead" so they can at least mention this on the forum.

If I am just offline for a long vacation or stranded in some island and eventually make it back, I can just continue a new game later.

I would appreciate some detail about either yourself (if you are posting), or about your nominee, like past history, analysis and handling of other games, etc.

I can think of a few people already (there are several here and in the trading / auction / escrow etc).

I just don't want to be labelled a scammer even though I'm dead.

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May 21, 2013, 07:19:05 AM
 #2

Doog is more or less the face of the gambling section, just chuck him it. I have a feeling he might not want that burden as he's probably got other stuff.

Other than that no one rly pops to mind. I doubt people rly want to take on unnecessary projects unless it's profitable for them I'd assume.
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May 21, 2013, 07:23:20 AM
 #3

Doog is more or less the face of the gambling section, just chuck him it. I have a feeling he might not want that burden as he's probably got other stuff.

Other than that no one rly pops to mind. I doubt people rly want to take on unnecessary projects unless it's profitable for them I'd assume.

I just need to know they are trusted. They don't have to do anything unless I disappear. As long as I'm around, they don't do anything. It will be profitable for them, because they keep whatever house edge I'm supposed to get. In fact, since I will be giving them the private key, they can pretty much do anything.

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May 21, 2013, 07:23:47 AM
 #4

You can trust me.

But of course people who tell you to trust them shouldn't be trusted!

Why does it need to be someone here and not someone you know personally, like a family member?  Is it because they would need technical knowledge to send the coins (is your website not set up for automatic payouts)?

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May 21, 2013, 07:37:37 AM
 #5

You can trust me.

But of course people who tell you to trust them shouldn't be trusted!

Why does it need to be someone here and not someone you know personally, like a family member?  Is it because they would need technical knowledge to send the coins (is your website not set up for automatic payouts)?

For one, I don't have a website right now. I'm running a game all by myself.
Second, no member of my family knows how to send bitcoins. I trust them. They just don't know how to do it.

For people who volunteer but I don't trust (no offense), when I disappear, you will be notified about that. You don't get access to the coins (unless you are the winner), but at least you can come here and say "hey, dabs switch said he died, or something."

Also, it's possible you can be trusted. Kindly state your history or a summary. (Like, say, you escrowed 10,000 bitcoins a couple months ago or helped in selling some ASIC company shares or whatever.)

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May 21, 2013, 07:39:43 AM
 #6

+1 to dooglus.

If he's unwilling to take up on it, I would be happy to do it.

http://scammer-ianbakewell.com/prop4.html

http://coinlenders.com/

https://bitfunder.com/asset/btcinvest
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May 21, 2013, 07:46:00 AM
 #7

I would be happy to be a witness to your death and let people know you aren't scamming--you're just dead  Cheesy

I don't have enough public bitcoin history to prove trustworthiness, but I will volunteer to receive a notification and help ensure your final wishes get carried out by communicating with everyone here.

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May 21, 2013, 07:48:17 AM
 #8

In first period you spend some bitcoin but i think every good work will pay off  Smiley

 
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Dabs (OP)
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May 21, 2013, 08:06:06 AM
 #9

If dooglus does not object, the list so far is as follows:

1. dooglus
2. TradeFortress
3. keatonatron = obituary on bitcointalk.org forum. (hehe)

What I don't know is if there should be a hierarchy or if I can send to both at once. Then you decide among the two of you who does whatever. The result is either, the winner gets his prize, or everyone gets refunded (which is going to be difficult if there are a lot of small outputs, ie, ticket price is 0.01)

Remember, nothing happens if I'm alive and can do what I'm supposed to do.

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May 21, 2013, 08:08:43 AM
 #10

If dooglus does not object, the list so far is as follows:

1. dooglus
2. TradeFortress
3. keatonatron = obituary on bitcointalk.org forum. (hehe)

What I don't know is if there should be a hierarchy or if I can send to both at once. Then you decide among the two of you who does whatever. The result is either, the winner gets his prize, or everyone gets refunded (which is going to be difficult if there are a lot of small outputs, ie, ticket price is 0.01)

Remember, nothing happens if I'm alive and can do what I'm supposed to do.
Why not send the prize to the winner? The winner would be pissed if that did not happen.
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May 21, 2013, 08:21:24 AM
 #11

Why not send the prize to the winner? The winner would be pissed if that did not happen.

Because I'm supposed to be dead, that's why. I don't know the winner until I've gotten all the tickets and the game is over. So, just in case I'm dead, I'm entrusting the giving the prize to the winner to the two of you.

At least that's what the plan is. Plan B.

If I'm alive, of course, I will send the prize to the winner.

*edit* oh yeah, I only said the part about refunding, if, the winner is not determined at all (like, I forgot to send you the secret to determine the winner, and I'm dead.)

Note to self: include needed information in my dead man's switch.

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May 21, 2013, 08:31:09 AM
 #12

With all due respect, I believe you should get a decent user base for your lottery/gambling system before organizing stuff like this ^_^ Most of these end up phasing out over time due to lack of interest. Maybe work on finding a way to innovate the current systems in place for this type of gambling.
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May 21, 2013, 08:40:50 AM
 #13

Hi Zaih,

Thanks for the comment. No prize is too small that will frustrate a possible winner. Or at least people know what happened. I don't want to be infamous for running off with the prize. Besides, the switch is easy to set up.

When I start a new game, I include all the needed info in the "death" email... Just in case I don't log in for a month, then the winner still gets his prize. Even if it's just 1 BTC.

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May 21, 2013, 08:41:17 AM
 #14

Doog is more or less the face of the gambling section, just chuck him it. I have a feeling he might not want that burden as he's probably got other stuff.

+1 to dooglus.

Thanks guys.  I'm happy to get the dead-mans-switch email and handle the final payout for you.  You email address is my forum name at gmail (or click the GPG link in my sig).

The only history I have of handling large amounts of other people's coin is the World Bitcoin Exchange debacle.  See https://bitcointalk.org/index.php?topic=65867 if you have a few hours to kill.  Basically an Australian exchange went down in suspicious circumstances and I found myself in possession of all the exchange's clients' Bitcoin balances (totalling 1768 BTC).  I've been doing my best to fairly refund the users ever since which is tricky when I have no contact details for most of them...

Other than that, I specialise in moaning about bugs and issues re. provable fairness in Bitcoin gambling sites.  Smiley

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May 21, 2013, 10:19:05 AM
 #15

You can check this site https://www.securesafe.com they have a function in case you pass away to send passwords or documents to a trustee

From their website:
Data and passwords can be securely and safely stored for your family.

    Save your documents and passwords in your SecureSafe and leave contact details for recipients of certain information should something happen to you. Then determine which files and passwords you want sent to certain people.
    The data inheritance feature is simple and easy to setup.

The basic service is totally free!

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May 21, 2013, 10:22:27 AM
 #16

You can check this site https://www.securesafe.com they have a function in case you pass away to send passwords or documents to a trustee

From their website:
Data and passwords can be securely and safely stored for your family.

    Save your documents and passwords in your SecureSafe and leave contact details for recipients of certain information should something happen to you. Then determine which files and passwords you want sent to certain people.
    The data inheritance feature is simple and easy to setup.

The basic service is totally free!


That's actually a really cool service. Thanks for pointing this out. Read into it a bit and it's very well done.
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May 21, 2013, 11:15:55 AM
 #17

Make sure to PGP crypt the info.
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May 21, 2013, 11:34:57 AM
 #18

Make sure to PGP crypt the info.

I was just wondering "how can we trust the deadman's switch site not to steal the money before we die".

And that's the answer.  Encrypt it to the recipient's public key before uploading it.

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May 21, 2013, 12:26:57 PM
 #19

Or you can make a M of N wallet. I believe armory is adding easy support for that soon.

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May 21, 2013, 01:08:51 PM
 #20

PGP / GPG is of course mandatory for these types of things. Ok, I'm going to be redoing the "rules" for my next game over the next couple of days, then launch a "round 2". I'll PM you guys for emails/public keys.

Incidentally, I just noticed the "Trust" thing, it's near our forum names on the left side, above the "Ignore". That's new huh.

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