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Question: What do you think would happen if ticket price changed to 0.05 BTC?
Jackpot will be higher - more will play and many people will still purchase at least 0.25 or more - 37 (39.4%)
Jackpot will be the same - there will be more people playing but many will bet less - 17 (18.1%)
Jackpot will be lower - many people will bet the bare minimum - 40 (42.6%)
Total Voters: 93

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Author Topic: [BITLOTTO] Mar 1 draw over $2000 or 50BTC! Tickets now 0.1 BTC for Apr 5  (Read 49765 times)
Stephen Gornick
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May 14, 2012, 05:34:29 PM
 #401

they effectively offer the equivalent of what second or third place prizes would, a lower prize but with more chance of winning one but also don't adversely effect the Jackpot for a single winner either, win/win

Agreed.  Rather than splintering the amount that would be wagered among multiple jackpots, this is a bigger jackpot with options for those who wish to substitute higher payout for a greater chance to win.

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Otoh
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May 14, 2012, 06:08:57 PM
 #402

yep all except the 0.25 1CXmKcBy2w8sNxvmyPQZQPVbAn2ZFeDmB one are mine, some I entered for a friend who I'm making a charity for but as they don't even know about it as yet & it's all my money or what I'm gifting to her then it's all fine by me

Node40.com is a leader in DASH hosting, dedicated exclusively to fully managed masternode hosting. Professional, organized, and responsive. I have many dozens of nodes with them.    
BTC = $c²     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc      DASH, Digital Cash = www.dash.org   
   CHARITY | MY REP | DICE
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May 14, 2012, 06:18:27 PM
 #403

yep all except the 0.25 1CXmKcBy2w8sNxvmyPQZQPVbAn2ZFeDmB one are mine, some I entered for a friend who I'm making a charity for but as they don't even know about it as yet & it's all my money or what I'm gifting to her then it's all fine by me
Interesting! GOOD LUCK!

I've updated the page. That person will still be 1 single ticket in a group so it should work fine. Thanks.

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
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May 14, 2012, 07:13:21 PM
 #404

Someone on reddit mentioned that "99% payout of funds!" makes it sound like 99% of what a person pays is won back.
I may not be the best at English but isn't it clear from my slogan that 99% of funds received are paid to the winner?

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
Blazr
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May 14, 2012, 07:52:28 PM
 #405

Someone on reddit mentioned that "99% payout of funds!" makes it sound like 99% of what a person pays is won back.
I may not be the best at English but isn't it clear from my slogan that 99% of funds received are paid to the winner?

It seems clear enough to me.

Busy ATM.
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May 14, 2012, 09:32:40 PM
 #406

It's the same person who called lotteries an investment there - I'd worry more about their grasp of English than yours, it's perfectly clear

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May 14, 2012, 11:50:38 PM
 #407

Thanks. I'll just leave the slogan alone then.

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
Daily Anarchist
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May 17, 2012, 09:43:38 PM
 #408

What happened to the prize? It was at like 190 BTC yesterday. Now it's at 170 BTC.

Discover anarcho-capitalism today!
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May 17, 2012, 09:57:55 PM
 #409

What happened to the prize? It was at like 190 BTC yesterday. Now it's at 170 BTC.
You beat me to it before I could make a post! Wink

Tx: https://blockexplorer.com/tx/e036608579e6fdc920e3bec71a16d741df89208ebc627f0eacb42fc080503cea
As shown by the amount 25.2918117 was weird.

I was contacted by that person and they had a "copy and paste clipboard brain fart". They meant to send the amount to someone else but had the wrong address in the clipboard.

That amount is being refunded to the sending address. (I can't send it back to a different addresses to prevent anyone trying to scam me.)

I was excited that someone else other than Otoh was making a large payment. We should be able to get back up there soon though!




*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
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May 18, 2012, 04:07:28 AM
 #410

BitLotto just passed 170 BTC with about half the time left!

Good luck everyone!

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
Stephen Gornick
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May 18, 2012, 06:30:12 AM
 #411

BitLotto just passed 170 BTC with about half the time left!

Good luck everyone!

A new, wildly popular competing wagering service might be where a few bitcoins ended up where previously they might have been destined for BitLotto.  But that service just changed their payouts, leaving BitLotto once again as the best online, bitcoin-based wagering opportunity that I'm aware of.

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May 18, 2012, 07:30:31 AM
 #412

What happened to the prize? It was at like 190 BTC yesterday. Now it's at 170 BTC.
You beat me to it before I could make a post! Wink

Tx: https://blockexplorer.com/tx/e036608579e6fdc920e3bec71a16d741df89208ebc627f0eacb42fc080503cea
As shown by the amount 25.2918117 was weird.

I was contacted by that person and they had a "copy and paste clipboard brain fart". They meant to send the amount to someone else but had the wrong address in the clipboard.

That amount is being refunded to the sending address. (I can't send it back to a different addresses to prevent anyone trying to scam me.)

I was excited that someone else other than Otoh was making a large payment. We should be able to get back up there soon though!
Great work Admin Smiley
I think thats everyone's greatest fear - sending to the wrong address or wrong amount.

I sent ~2.5btc to satoshidice instead of 0.25 by accident, fortunately I won Cheesy


A new, wildly popular competing wagering service might be where a few bitcoins ended up where previously they might have been destined for BitLotto.  But that service just changed their payouts, leaving BitLotto once again as the best online, bitcoin-based wagering opportunity that I'm aware of.

I just hope its also attracting fresh meat (mmm diablo) to bitcoin Smiley

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May 21, 2012, 05:54:17 AM
 #413

NEW CUSTOM PAYOUT ADDRESS FEATURE!

Perhaps you want to the jackpot winnings to go to:
-a secure offline wallet
-a "brain wallet"
-a charity address
-a friends address
-or just any other address you want

Now you can!

To work you would have to use either Bitcoin, or Blockchain.info, or any software that allows you to pay multiple addresses in *one single transaction*.

For example say you want your winning to go to this address:
1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J

You would make TWO payments in one transaction: (using the "Add recipient" feature before sending it)
1. 0.25 or whatever to the BitLotto address
2. a payment of "0.00543210" to 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J
And send it.

The key is to make the "0.00543210" BTC payment to the address you want the winnings to go to!

If you win we would recognize that that 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J is the address you want payment to go to.

WORSE case (and would be rare), somehow that type of transaction occurs naturally as change. In such case, that would be one of their own addresses anyways and they'll still get the BTC.

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
Stephen Gornick
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May 21, 2012, 06:10:47 AM
 #414

To work you would have to use either Bitcoin, or Blockchain.info, or any software that allows you to pay multiple addresses in *one single transaction*.

This will be useful ... right to the paper wallet which was created from an "air gap" offline system.
 - http://www.BitAddress.org

bitlotto
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May 21, 2012, 06:15:21 AM
 #415

To work you would have to use either Bitcoin, or Blockchain.info, or any software that allows you to pay multiple addresses in *one single transaction*.

This will be useful ... right to the paper wallet which was created from an "air gap" offline system.
 - http://www.BitAddress.org

I hope so. Now people who play don't have to worry about how secure the wallet making the payment is. Only the wallet that will receive the winnings.

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
Stephen Gornick
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May 22, 2012, 07:19:57 AM
 #416

Going global?

BitLotto German Division Help
 - http://bitcointalk.org/index.php?topic=82842.0

You may want to consider an escape clause in there:
-the 1% of sales made to the German Bitcoin address will go to you

forever?

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May 22, 2012, 03:00:31 PM
 #417

Going global?

BitLotto German Division Help
 - http://bitcointalk.org/index.php?topic=82842.0

You may want to consider an escape clause in there:
-the 1% of sales made to the German Bitcoin address will go to you

forever?
Ya, if someone partners, then yes, I'll make sure to mention that it's 1% during the partnership. As long as my partner is doing their part though, it would be a pretty long term thing.

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
bitlotto
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May 22, 2012, 05:34:25 PM
 #418

Looks like people are starting to use the custom payout feature:
https://blockexplorer.com/tx/dc48b8db0a1eb021471668932a6163db0b98e4321d2c96b731ee703f4e4ce954

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
Berlu
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May 23, 2012, 12:20:23 AM
 #419

-a "brain wallet"

What's that?  Grin
bitlotto
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May 23, 2012, 02:04:51 AM
 #420

Engrave a surgical steel plate with a private key. Insert into skull. Never lose it again.

*Next Draw Feb 1*  BitLotto: monthly raffle (0.25 BTC per ticket) Completely transparent and impossible to manipulate who wins. TOR
TOR2WEB
Donations to: 1JQdiQsjhV2uJ4Y8HFtdqteJsZhv835a8J are appreciated.
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