[Chain Game] Coin Controller ~~ easy to play, provably fair!

[SlickTheNick]

Hey everyone, I am officially announcing the launch of a new bitcoin gambling game... Coin Controller!

What is it?
Coin Controller is a Bitcoin "chain" game, based partly off of the popular "The Magnificent Bitcoin Gem" game which was around for a short while earlier this year. I have taken a similar idea, but improved it and taken it to the next level.

The Concept

• There are multiple "Coins" which can be "purchased" or "controlled" by players. Each coin works a little bit differently, and has a different starting price.
• When somebody takes control of a coin (ie, places a bet), they become the "owners" or "controllers" of that coin. This allows them to show a name, message and URL of their choice. But more importantly, it raises the price of the coin.
• When the next person takes control of the coin (for the increased rate), the previous player receives his/her full payment back, plus a profit
• The price continues to increase, until somebody triggers a random "reset" of the game. Whoever triggers the reset loses their bet (the guy before still gets his back), and the coin is now owned by nobody and returns to its original price. Each coin has a different chance to reset, 1% - 10%. This means that you have a 90% - 99% to get your money back plus a profit.
• Each successful payout adds to the jackpot. You have a 1% chance to win the jackpot on each turn, regardless if you reset the game or not
• If no one takes control of the coin from you within 48 hours, and you were the first buyer, then you get a full refund back, minus a 0.0001 transaction fee. However, if the chain is already started and you are the last player holding the coin for a full 48 hours (ie, no one has bought it from you in 2 days) , then your bet is simply lost. The reasoning for this is explained on the site, and in another post.
• Earn 20% of the profit on each bet placed by players referred by you with our affiliate program! See more here: https://coincontroller.com/affiliates
  

For more info and more details on how to play, see here: https://coincontroller.com/how-to-play
details on how it is provably fair are also in the above link.


Come check us out! https://coincontroller.com


RULE CHANGE : You no longer lose your bet after 48 hours of no new bets. Instead, after the 48 hours are up, the coins price (and your bet) are reduced by 20%, and then further reduced every 12 hours after, until the coin either reaches its starting value, or is bought out by somebody. Coins will now only ever reset if triggered by a bets lucky number.

[lucaspm98]

Looks cool, Ill check it out!

[SlickTheNick]

Thanks! Open to suggestions so let me know if you have any ideas. This is just version 1

[moderate]

Hey everyone, I am officially announcing the launch of a new bitcoin gambling game... Coin Controller!

You might think your method is provably fair, but it is not. In three points it fails to be provably fair, you need to fix all them but I'm leaving the fun of finding them to you -- which should be obvious if you knew what constitute provably fair.

[SlickTheNick]

Hey everyone, I am officially announcing the launch of a new bitcoin gambling game... Coin Controller!

You might think your method is provably fair, but it is not. In three points it fails to be provably fair, you need to fix all them but I'm leaving the fun of finding them to you -- which should be obvious if you knew what constitute provably fair.

How so?

*edit* Give me some pointers on what the main issues with how I have it set up are, and they can be changed within a day or so. Like I said this is just version 1

[SlickTheNick]

First official day has done pretty good! 29 confirmed bets, 0.2 + BTC paid out and already 49 affiliates signed up!

[spartacus_]

I like it. Looks cool.

[Malongo]

Tried it out. Money is on the way, so no Idea, how it went but what i know...the Chat, doesn't work for me....Am i the only one?

[Mooshire]

The thing about these games is that they don't cost the site operator anything and pose no risk to the operator. The more people play on their site, the more money they make.

[Authentic]

Looks like a good idea. Best of luck!

[specgamer]

Wow, that's nice.  Everything is just like those coinbomb/bitpotato games, but what I'm surprised is that you say if no one buys the coin, you get REFUNDED???  Could you please confirm this?

[SlickTheNick]

Wow, that's nice.  Everything is just like those coinbomb/bitpotato games, but what I'm surprised is that you say if no one buys the coin, you get REFUNDED???  Could you please confirm this?

Thats right. Rather than just take your money for myself, it gets auto refunded if no one buys in 24 hours, your full bet minus 0.0001 for a tx fee

If you go here: https://coincontroller.com/stats and scroll down a bit, it shows the last 10 refunds. As you can see, there are a couple bets from before I really advertised which had reached the 24 hour expire limit. It also shows the bet ID, which you can enter into the bet lookup form here: https://coincontroller.com/how-to-play#lookup to see more details about the bet.

Bets are automatically refunded when...

• No one buys the coin off you in 24 hours
• You send less than the minimum amount to the provided deposit address during the initial time window (too low)
• Your payment is received, but takes longer than the hour time window to confirm

Note that refunds only occur once the payment you originally made reaches 1 confirmation.

Also, it is technically possible to send multiple payments to the same deposit address, as long as it is for the same bet and within the given time window (please do not send to same address when making another bet). Example: Supposed to send 0.01 BTC for the bet, but accidently only send 0.005. You can still send the other 0.005 and it will still count towards your bet payment.

[exstasie]

Hey everyone, I am officially announcing the launch of a new bitcoin gambling game... Coin Controller!

You might think your method is provably fair, but it is not. In three points it fails to be provably fair, you need to fix all them but I'm leaving the fun of finding them to you -- which should be obvious if you knew what constitute provably fair.

This is definitely an interesting gambling concept.  Just curious to what isn't provably fair...

[SlickTheNick]

The thing about these games is that they don't cost the site operator anything and pose no risk to the operator. The more people play on their site, the more money they make.

Yes, thats kind of the point. I wouldnt spend dozens of hours making something for the chance for me to lose money now would I? :p

Tried it out. Money is on the way, so no Idea, how it went but what i know...the Chat, doesn't work for me....Am i the only one?

Ya the chat is a little screwy I noticed to. Its not hosted by me. Looking into it still

[b!z]

Another Bitcoin gem/tulip? Interesting website.

[SlickTheNick]

Another Bitcoin gem/tulip? Interesting website.

Thats right. As far as I know, I think most of the existing ones are either shut down, or pretty quiet and/or dead? We have been keeping fairly active the past couple days. So far 39 payouts have been made to players, for a total of 0.31 BTC sent out. Not too crazy but not too bad either

[mattessow]

Tried it out. Money is on the way, so no Idea, how it went but what i know...the Chat, doesn't work for me....Am i the only one?

I tried the chat and everything is just fine.

[SlickTheNick]

Tried it out. Money is on the way, so no Idea, how it went but what i know...the Chat, doesn't work for me....Am i the only one?

I tried the chat and everything is just fine.

it seems like if you try and use a nickname that is already registered with someone else, it just wont load and wont tell you that its already taken. If you make a really random username it usually works

[SlickTheNick]

Looks like we got a few regulars now!

Anyone have any suggestions for features, things to change or improve on for next version?

[moderate]

Anyone have any suggestions for features, things to change or improve on for next version?

You forgot to revisit your "provably fair" method (good that you also used quotes for that, as it is false). There are two points that definitively defeat the fairness, and another one that does too but after clarification might be fine.