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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 49758 times)
BurtW
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April 16, 2013, 12:38:17 PM
 #661

May be when the mods wrote on his OP here that removes it from his post count.
If it only went down by one then that makes sense... it would change the last edited person to the mod.

Id like this to be confirmed. Thanks
I also think he should get a scammer tag as soon as possible, but as far as the post count goes that is probably ok.  Just the mods taking one of his posts because the system still shows:

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April 30, 2013, 04:49:02 AM
 #662

This all seems sort of sad.... you all sure something bad didn't happen to bitlotto <<< the person?

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April 30, 2013, 09:22:33 AM
 #663

He also removed the dates from the last four or so results & 'send money by' entry address so as to try and catch any newbies who may stumble unawares upon his site, he's quite pathetic really.

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May 15, 2013, 03:53:24 AM
 #664

I may be ambitious, but I want something like this to continue, completely separate from all the other new ones, even PeerBet. So I've decided to try for at least the next couple of times.

So ...

https://bitcointalk.org/index.php?topic=202063.0

With slight variation on the rules (something easier to understand) and also removal of the Mega Millions. Of course, if people like that part, it is no problem to include it back in, might as well include the PowerBall, Mega Millions and even my country's Grand Lotto. They all draw every week.

But, I'm trying to think of a more bitcoin only way. Transaction hashes, secrets, block hash, block count. You know, as bitcoiny as possible. No third parties, no government controlled real life lottos ...

https://bitcointalk.org/index.php?topic=202063.0

Even if you don't want to play, comments. As in a few days, it ends, so I can start another one with improved rules. Eventually I could run two or three games at the same time, with different draw dates.

Also,

What if?

bitlotto, the original person, something bad happened to him, like the so called "bus factor". And the partner or whoever has access to the coins and website is the real scammer, or he didn't know what to do and just thought he inherited some coins.

We don't know for sure.

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May 15, 2013, 04:07:21 AM
 #665

We're still speculating. What we know is the coins moved. What actually happened to him? (or her?)

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Stephen Gornick
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May 15, 2013, 11:12:27 AM
 #666

I may be ambitious, but I want something like this to continue,

The draw for me (no pun intended) was that this could operate really inexpensively.  Since the blockchain was used for wagers, there was really very little overhead.  So a lottery that was provably fair and had 99% payout was for the first time ever, possible.

No there is really little noticeable difference between 99% payout and 98% payout.  So you get with SatoshiDICE the same potential payout (e.g., 1 in 500 chance of winning but a ~500X return on your wager) with only a slightly lower vig.

So there's really less need for a BitLotto to exist anymore.   The dopamine hit from SatoshiDICE comes sooner than the weekly lotto.

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May 15, 2013, 12:28:39 PM
 #667

Makes sense. Maybe I should change my personal model from percentage to donations instead? Or make it lower for me? I'd need enough to keep a web site up and running. I just thought, if some guy with 99% couldn't make it work, and another game was taking 80%, would people really mind that they're only getting 95%?

Maybe when we get the volume of SD, then I could make it 98% or 99%.

Anyway, more competition is better. While the first may have the advantage, sometimes the next ones could improve on what the first did, especially if they just disappeared. I'd also probably register the domain in a non-US registrar or something.

But to run it inexpensively I thought I'd do some trial runs first.

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TradeFortress
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May 15, 2013, 12:46:58 PM
 #668

Makes sense. Maybe I should change my personal model from percentage to donations instead? Or make it lower for me? I'd need enough to keep a web site up and running. I just thought, if some guy with 99% couldn't make it work, and another game was taking 80%, would people really mind that they're only getting 95%?

Maybe when we get the volume of SD, then I could make it 98% or 99%.

Anyway, more competition is better. While the first may have the advantage, sometimes the next ones could improve on what the first did, especially if they just disappeared. I'd also probably register the domain in a non-US registrar or something.

But to run it inexpensively I thought I'd do some trial runs first.
You don't need any human work. A script can process all transactions and generate the winners. You would be able to run on a 99.5% EV and still be profitable - just run the script as normal on your computer.

Of course, there is actually writing the script, but if you're a programmer it just takes a hour of your time?
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May 15, 2013, 01:48:08 PM
 #669

You don't need any human work. A script can process all transactions and generate the winners. You would be able to run on a 99.5% EV and still be profitable - just run the script as normal on your computer.

Of course, there is actually writing the script, but if you're a programmer it just takes a hour of your time?

Yes. Getting it working is the hard part. But, I'm guessing there would still be human intervention at the time of the draw or at the time of determining the winners. I don't want the computer just automatically making a game, wait until the deadline, do the script for the winner, send the winnings, then start another game ... There is the danger of the software or the platform or the server getting hacked, and the private key getting stolen.

Actually, now that I think about it, I could just do the work part once a week, when I end one game, and start another. I've managed to make a spreadsheet compute SHA-256, but I'm still figuring out how to get everything from the blockchain and make a script or software do it all.

Anyway, my lotto has one player already. hehehehe... I have no idea who it is since he or she isn't posting in my thread. If you want a 50% chance of getting his 0.01 BTC, go play. hehehe.

Feel free to comment there instead of here, as I don't want to high jack someone else's thread, even if they've already disappeared.

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May 24, 2013, 12:16:38 AM
 #670

It appears the BitLotto.com site is no longer online, which is good since there were still people happening across it (and sending new wagers, not knowing it was not paying out).

I was going to make an update to the archive of the site that I've maintained on github so that all Bitcoin addresses used were available later if needed.  Does anyone remember if the Bitcoin address after BitLotto turned to scam mode was still from the last lottery (that Goat had won), or was it a new address?

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May 30, 2013, 12:31:35 PM
 #671

I'm pretty sure that it was a new address/es which were set up for the April BitLotto as ppl were sending some coins to it after the last lotto was closed on 2013 03 01 & meant to have paid out by about a week or so later. See my post here re over 8 btc having been sent to this new one/s by 2013 04 02, I didn't though record the address/es though goat should have it as he entered early for that month too. Also you can see that no more bets were sent to any of the old 1st March draw addresses after 2013 02 28.

1NfRi27U5wV3GF7VyfurkuN5Mmx1s6WDmj pool for 2013 03 01

1MEjrYadGN41detAUionHC6iU15K7Ydmva pool for 2013 03 01

12fxpYHWfoBNtZk2oMcbuBNvyJtVmL9KTF main address for 2013 03 01

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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