http://diamond.chaingames.net/ - [ANN] Bitcoin Diamond Chain Game, earn 25%, starting at 0.01 BTC
The rulesTo be the next owner of the Diamond, the current price is 0 bitcoins. After your purchase, the Diamonds worth will increase by 50% (0 bitcoins).
You will stay the owner until the next Diamond buyer purchases it for 0 bitcoins. We then will send 0 bitcoins back to you. That means a 25% (0 btc) profit for you.
However, the Diamond resets randomly. The odds of it reseting are 10%, so your winning odds are 90%. Should your purchase trigger a reset, you'll lose your stake and the Diamonds price goes back to 0.01 bitcoins. Please read FAQ for specific details.
What is this?The bitcoin Diamond is an entertaining game, advertising opportunity, and a psychological experiment. You can think of it as a self-sustaining speculative bubble.
Why should I buy the Diamond?Who wouldn't want the Diamond? Not only do you get free advertising and profit when the next buyer comes in, but you'll look cool doin it too.
How/when does the price increase?Each time the Diamond changes owners its worth increases by 50%, rounded to 6 decimal places.
Why does the Diamond reset at all?If it never reset, the price would go up forever. While this can be awesome to see, it would leave one gigantic loser at the end of the chain. Like any other speculative bubble, the Diamond has to collapse at some point.
When does the Diamond reset?The Diamond resets in a completely random manner and can't be influenced in any way. We take your transaction hash and a secret string to create another hash: hmac_sha512(secret,txhash) (using txhash as data and secret as key). If the decimal of the first two bytes of this hash are less than 6554 then you reset the gem. The secret changes every day, current server time is . Secrets will be released after a day has been over for at least 24 hours. Here's the list of past secrets.
Buy the Diamond and earn 25%
