Galimore
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December 23, 2013, 05:02:14 AM |
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What happens on this coinbomb game when the counter reaches zero?
Like lot 4 for example, deviant must have paid about 2m for this. Does he get his 2m back plus 1% as consolation when timer hits zero? (Or win jackpot).
That is of course if you can get to play anyway with those who are cheating getting in first...
Nope, he lose the coins. That's the game 5% chance to win jackpot. Someone actually bougt LOT 1 oO That was me .. steam You just lost 3.5M. ;( Say good bye to your coins You should buy LOT4 too. It will counterbalance your loss. There might be someone buying that, who knows ? There is a lot of people owning a lot of coins. The person that buys your lot will have to spend 15 million + to get it. In addition, they have to think that someone will be willing to buy it from them (which will cost like 32 million coins). There might be a handful of people with that many coins but they sure as hell aren't spending it on what's basically a pyramid scheme.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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lumberinvestments
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December 23, 2013, 05:20:53 AM |
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What happens on this coinbomb game when the counter reaches zero?
Like lot 4 for example, deviant must have paid about 2m for this. Does he get his 2m back plus 1% as consolation when timer hits zero? (Or win jackpot).
That is of course if you can get to play anyway with those who are cheating getting in first...
Nope, he lose the coins. That's the game 5% chance to win jackpot. Someone actually bougt LOT 1 oO That was me .. steam You just lost 3.5M. ;( Say good bye to your coins You should buy LOT4 too. It will counterbalance your loss. There might be someone buying that, who knows ? There is a lot of people owning a lot of coins. The person that buys your lot will have to spend 15 million + to get it. In addition, they have to think that someone will be willing to buy it from them (which will cost like 32 million coins). There might be a handful of people with that many coins but they sure as hell aren't spending it on what's basically a pyramid scheme. Based on your assumptions, no one will buy it at all when it starts. But obviously you're wrong. If it starts at 1 mil coins, why would someone buy it ? It is just an investment. You can risk your money to earn double. It is fair to me even if I lose and also fair to the one that will buy it from me.
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y3804
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December 23, 2013, 05:34:27 AM |
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Based on your assumptions, no one will buy it at all when it starts. But obviously you're wrong. If it starts at 1 mil coins, why would someone buy it ? It is just an investment. You can risk your money to earn double. It is fair to me even if I lose and also fair to the one that will buy it from me.
Untrue. If the price is low and there is a very high probability (a.k.a guarantee) that a dude #3 will buy dude #2's lot who bought yours, then why not. Dude #2 is happy to buy your lot because someone is willing to buy his. This scheme is highly profitable up to two steps forward. Let me explain that to you. I'm dude #1 and own the lot. Dude #2 considers my lot. He obviously looks for profit, and thus needs the assurance that someone will buy the lot from him/her. Dude #2 will only buy if the price is low enough so that another dude #3 thinks he has a chance to profit. Otherwise, he has no reason to buy the lot. In your case, You own the lot. It costs 7.5M. Dude #2 considers to buy the lot. To profit, he would need the assurance of someone buying it off from him @ 15M. For this to happen, it requires him to think that another dude #3 is crazy enough to think he could sell it @ 32M. Otherwise, dude #2 would never buy. In other cases, say under 500K, then it could still work. In your case you just lost your coins
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lumberinvestments
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December 23, 2013, 05:49:54 AM |
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Based on your assumptions, no one will buy it at all when it starts. But obviously you're wrong. If it starts at 1 mil coins, why would someone buy it ? It is just an investment. You can risk your money to earn double. It is fair to me even if I lose and also fair to the one that will buy it from me.
Untrue. If the price is low and there is a very high probability (a.k.a guarantee) that a dude #3 will buy dude #2's lot who bought yours, then why not. Dude #2 is happy to buy your lot because someone is willing to buy his. This scheme is highly profitable up to two steps forward. Let me explain that to you. I'm dude #1 and own the lot. Dude #2 considers my lot. He obviously looks for profit, and thus needs the assurance that someone will buy the lot from him/her. Dude #2 will only buy if the price is low enough so that another dude #3 thinks he has a chance to profit. Otherwise, he has no reason to buy the lot. In your case, You own the lot. It costs 7.5M. Dude #2 considers to buy the lot. To profit, he would need the assurance of someone buying it off from him @ 15M. For this to happen, it requires him to think that another dude #3 is crazy enough to think he could sell it @ 32M. Otherwise, dude #2 would never buy. In other cases, say under 500K, then it could still work. In your case you just lost your coins So .. i guess you're the owner of coinbomb and you're so happy now
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y3804
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December 23, 2013, 06:28:27 AM |
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So .. i guess you're the owner of coinbomb and you're so happy now Why would I be the owner of CoinBomb? The owner has posted here already (his avatar is a redcoin, forgot his username), it's not me ;p
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Galimore
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December 23, 2013, 06:31:15 AM |
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Anybody up for getting another giveaway going? I've got no problem throwing in some coins for one.
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Devianttwo
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December 23, 2013, 06:31:26 AM |
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What happens on this coinbomb game when the counter reaches zero?
Like lot 4 for example, deviant must have paid about 2m for this. Does he get his 2m back plus 1% as consolation when timer hits zero? (Or win jackpot).
That is of course if you can get to play anyway with those who are cheating getting in first...
Nope, he lose the coins. That's the game 5% chance to win jackpot. Someone actually bougt LOT 1 oO Seriously? Someone bought block 1 but they won't buy my block 4 after 7 days? Can someone please pick up my block. I have done a ton for this community.
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Hampuz
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December 23, 2013, 06:33:06 AM |
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Anybody up for getting another giveaway going? I've got no problem throwing in some coins for one.
I could contribute, Lets do it, I think that 500-1k/account could be enough just to get people involved , agree?
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YoyodyneSystems
Legendary
Offline
Activity: 1386
Merit: 1023
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December 23, 2013, 06:34:15 AM |
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We need that ABE Block explorer. There is a 1 million coin bounty for it It's key to the coin's success along with a real pro lottery type game. Lottery game would make sense at least.. I'd say. Giveaways are always good.
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j2ee
Member
Offline
Activity: 93
Merit: 10
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December 23, 2013, 06:43:44 AM |
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Can I still solo mine?
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Hampuz
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December 23, 2013, 06:53:12 AM |
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Take a look at this guys, http://xpm.rapidballs.eu/index.php . I think it is a beautiful lottery game that looks nice and works smooth, I have played it using xpm a couple of weeks back, fast transactions and smooth playing. Also it has interesting features as you can play different kinds of lottery, also you can be an investor and gain profit from other peoples losses x). Anyways, Take a look and tell me what you think, I just mailed them and asked if we could perhaps come to an agreement as where LottoCoin gets introduced. And if you guys like this site, you should also send an email to them, so they understand that it could be popular . Cheers
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Galimore
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December 23, 2013, 06:56:18 AM |
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Can I still solo mine?
It depends on your hash rate. The pool is reporting that you can get ~85k a day per 1 MH/s which is a little under three blocks. If you have a dedicated rig you can probably still find several a day solo but if you're on a single card or two you'd likely be better off in a pool.
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holzer
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December 23, 2013, 07:00:51 AM |
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Take a look at this guys, http://xpm.rapidballs.eu/index.php . I think it is a beautiful lottery game that looks nice and works smooth, I have played it using xpm a couple of weeks back, fast transactions and smooth playing. Also it has interesting features as you can play different kinds of lottery, also you can be an investor and gain profit from other peoples losses x). Anyways, Take a look and tell me what you think, I just mailed them and asked if we could perhaps come to an agreement as where LottoCoin gets introduced. And if you guys like this site, you should also send an email to them, so they understand that it could be popular . Cheers That's a nice site. Lots of different games to play and simple clean layout. Lottocoin would fit in perfectly there plus it would be an easy 1 000 000 coin bounty for the owner of the site.
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thisisausername
Newbie
Offline
Activity: 32
Merit: 0
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December 23, 2013, 07:20:17 AM |
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Given the recent difficulty changes, why people think this coin is in some kind of crisis confuses me. The overall mining community clearly values this coin more than the obviously shallow and manipulatable markets at coinedup -- which source seems more trustworthy to you? It's two purported "crowds" afterall, I just think the answer is obvious. Cryptsy soon.
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Scrooge_McDuck
Newbie
Offline
Activity: 10
Merit: 0
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December 23, 2013, 07:28:50 AM |
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oh, it reminds me when stupid soviet people sold their shares for vodka and bread looks like they was not the only stupid ones...
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holzer
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December 23, 2013, 07:35:03 AM |
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People are impatient and get trigger happy the second things don't seem to be going full steam ahead. I think this coin could do really well longer term. That being said having some type of promotion to get the word out about lottocoin right before it hits cryptsy I think is still a good idea.
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Hampuz
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December 23, 2013, 07:37:10 AM |
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Ill start a giveaway, do you guys think that 1k LOT per account is fair enough for people to get involved? Have earlier had IFC giveaways with 150IFC each and that has got well respond. If you guys care to donate to this cause would be nice.
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Bitcoins101
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December 23, 2013, 07:38:20 AM Last edit: December 23, 2013, 08:06:36 AM by Bitcoins101 |
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I've actually begun development on a lottery game for Lotto Coin. I expect to launch in 2-3 weeks. I'm surprised no one else has created a lottery game for none other than Lotto Coin.
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Ravefiend
Newbie
Offline
Activity: 15
Merit: 0
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December 23, 2013, 07:44:36 AM |
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I got a gentle request: can one sort out the data feed to cryptocoincharts so that we get some clearer view on the trading activities that have been done / ongoing ?
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holzer
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December 23, 2013, 07:49:24 AM |
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Ill start a giveaway, do you guys think that 1k LOT per account is fair enough for people to get involved? Have earlier had IFC giveaways with 150IFC each and that has got well respond. If you guys care to donate to this cause would be nice.
1K per person would add up to a lot real quick. You could probably get the same results with less. A good idea would be to get people to like the lottocoin facebook page or tweet something about lottocoin to receive the giveaway. We need exposure for lottocoin before it hits cryptsy.
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