[BITLOTTO] Mar 1 draw over $2000 or 50BTC! Tickets now 0.1 BTC for Apr 5

[ineededausername]

We just hit 200

[Stephen Gornick]

Now that Bitcoin has P2SH / multisignature capability, one of the last remaining valid criticisms can be addressed.  Right now, those buying tickets are trusting that the operator will truly make the payout.

With M of N signing, the funds from ticket purchases can be swept into an escrow that would require two of three signatures.  So if there were say two additional trusted parties then there is no longer the risk of no payout say should bitlotto's operator become unavailable (as the two trusted parties could make the payout transaction to the winner), for instance.  At the same time the jackpot would more protected as to make any payout would then require signature from at least one of those trusted parties.

Though BIP 16 / escrow is technically possible now, the GUI clients aren't offering it yet so this isn't something that would be implemented anytime soon. But I wanted to see if this would be something BitLotto would consider down the road.

[Otoh]

We just hit 200

indeed! now over $1,000 

[Otoh]

Now that Bitcoin has P2SH / multisignature capability, one of the last remaining valid criticisms can be addressed.  Right now, those buying tickets are trusting that the operator will truly make the payout.

With M of N signing, the funds from ticket purchases can be swept into an escrow that would require two of three signatures.  So if there were say two additional trusted parties then there is no longer the risk of no payout say should bitlotto's operator become unavailable (as the two trusted parties could make the payout transaction to the winner), for instance.  At the same time the jackpot would more protected as to make any payout would then require signature from at least one of those trusted parties.

Though BIP 16 / escrow is technically possible now, the GUI clients are offering it yet so this isn't something that would be implemented anytime soon. But I wanted to see if this would be something BitLotto would consider down the road.

yes, I was wondering about this too today, if he had any plans to put a dead mans switch in place to pay out funds in the event of him being kidnapped by aliens from the future or something & to also hand on the Bitlotto infrastructure so that it keeps going

I assume that each month's lotto address private key is kept offline like in an Armoury wallet & was also wondering about how to make an annual El Gordo jackpot say with some sponsorship maybe

[bitlotto]

I have a program to crunch the results.

Here is what it outputs:
http://pastebin.com/Wt1wNVjd

Not the real run obviously but I'll run it and post once the real mixer string is known.

Cool. Thanks. The more people who check the results the better. I will also release a text file that will contain every tx and well as the calculations. Pastebin would probably be a good idea too.

[bitlotto]

Though BIP 16 / escrow is technically possible now, the GUI clients aren't offering it yet so this isn't something that would be implemented anytime soon. But I wanted to see if this would be something BitLotto would consider down the road.

Yes. I would really like to do something like that. It will come soon I hope. My main concern is who else to trust. If I can have a group of people that I trust it would be great. My other concern is where those people are located and the likelihood of somehow having funds tied up because of local laws. Or even what if one day enough people scheme to not pay for some reason. It has a lot of things to think about but it is something I want to do!

yes, I was wondering about this too today, if he had any plans to put a dead mans switch in place to pay out funds in the event of him being kidnapped by aliens from the future or something & to also hand on the Bitlotto infrastructure so that it keeps going

I assume that each month's lotto address private key is kept offline like in an Armoury wallet & was also wondering about how to make an annual El Gordo jackpot say with some sponsorship maybe

I do have something set up so that if I die, payment will come through.

As far as security. As the jackpots get bigger and bigger it's becoming more and more of a concern. I am taking many precautions and I'd rather not go through what those are. I think the less people know about my security the better. Everything on my servers though is harmless as I don't keep any wallet or anything on it.

[bitlotto]

I have a program to crunch the results.

Here is what it outputs:
http://pastebin.com/Wt1wNVjd

Not the real run obviously but I'll run it and post once the real mixer string is known.

Are you planning on releasing the program for others to use and check the results? (mine works on my own wallet so not really of any use for others)

[baldrick]

I have a program to crunch the results.

Here is what it outputs:
http://pastebin.com/Wt1wNVjd

Not the real run obviously but I'll run it and post once the real mixer string is known.

Are you planning on releasing the program for others to use and check the results? (mine works on my own wallet so not really of any use for others)

It is currently a terrible mess and if I were to release it I'm fairly certain that would be considered a war crime.  I can clean it up and throw it in a Github project.  It isn't great because it is just downloading the list of transactions for the address from blockexplorer and parsing them poorly.

[bitlotto]

BitLotto is one year old!!! Thank you for all your support and hopefully we can make the next year an even better one!

We finished our year with a record breaking 280 BTC jackpot! With the next one set to be even bigger!!
As you will see someone (Otoh - hopefully you don't mind me mentioning it as you mentioned earlier in this thread you are doing that ) decided to spend 100 BTC on tickets and luckily for us it coincided with our 1 year anniversary.

We have learned lots this year and look forward to being a reliable and trustworthy Bitcoin service. We value your opinion and advice. Our goal is to provide the most cheat proof lottery around with 99% payout! Unheard of anywhere else. We are confident that we now have a system that can grow even bigger without worry about cheating.

THANK YOU!

AND GOOD LUCK for those who have bought tickets.

[Otoh]

http://blockexplorer.com/address/1Cbz6PF7ks85M4zmeWzotX12WUE14JZ29

300 to 500 + BTC Jackpot for May np

 

seriously, translate this site in to Mandarin assp

[bitlotto]

http://blockexplorer.com/address/1Cbz6PF7ks85M4zmeWzotX12WUE14JZ29

300 to 500 + BTC Jackpot for May np

 

seriously, translate this site in to Mandarin assp

I don't know Mandarin.
Know anyone who does and is interested?

[Otoh]

Zhou Tong   

[danieldaniel]

Who won?  XD

[bitlotto]

Who won?  XD

We don't know until after the Mega Millions draw. That makes any manipulation impossible by miners.

[danieldaniel]

Who won?  XD

We don't know until after the Mega Millions draw. That makes any manipulation impossible by miners.

Ok.  This is a really nooby question, I'm sure, but when is the mega millions draw?

Also, thanks for the fast response!

[bitlotto]

Who won?  XD

We don't know until after the Mega Millions draw. That makes any manipulation impossible by miners.

Ok.  This is a really nooby question, I'm sure, but when is the mega millions draw?

Also, thanks for the fast response!

A few hours. 11pm ET time.

Official results will be posted tomorrow but I'll try to post what I have figured out tonight.

[bitlotto]

AND... all the tickets:
https://pastee.org/j6nsv

The winner appears to be:
0023da9af152f9dd17501b060df7d5dbd762ca880cb3e731e40c391af34aadf7
whose Bitcoin tx was:
277a5da2a46b0ba9ddaa33fa374bd9acd4a0ea227badf5d3e3d14d9a05238c81
1DW4mtFwkLAbfc4ZBvcXypeV6NhfDryrni
Payment was made: 2012-03-29 17:19:58

These are the unofficial numbers and need to be double checked but the results are likely correct.

[baldrick]

I agree, here is the top lines from my data:

http://pastebin.com/NnAd91rq

277a5da2a46b0ba9ddaa33fa374bd9acd4a0ea227badf5d3e3d14d9a05238c81

1DW4mtFwkLAbfc4ZBvcXypeV6NhfDryrni

[bitlotto]

I agree, here is the top lines from my data:

http://pastebin.com/NnAd91rq

277a5da2a46b0ba9ddaa33fa374bd9acd4a0ea227badf5d3e3d14d9a05238c81

1DW4mtFwkLAbfc4ZBvcXypeV6NhfDryrni

Thank you so much for checking too! Do you mind doing that next month too?

(The last tx didn't count as it was late)

[baldrick]

Thank you so much for checking too! Do you mind doing that next month too?

(The last tx didn't count as it was late)

No problem at all.  I'll post the code at some point before then as well.