LOTTOCOIN OLD THREAD, [CLOSED]

[Devianttwo]

hows about a reward for whoever hits the lotto superblock...

Those remain at the same ammount


24 blocks of: 131,072
12 blocks of: 262,144
1 block of: 1,048,576

Per day.

I don't think those will get nerfed until the official 1st Halving of the coins.  This was just an end of the bonus double block rewards.

[DJCorpus]

I don't know why but I like this coin:) It's perfectly that what you would expect if you mine for fun, the thrill of the jackpot:)

[mrlotto]

FREE PHP Script to take LOTTOCOIN payments on your site
http://lottocoin.org/paymentpage/gatewayscript/

[Devianttwo]

I don't know who the heck this "s" person is on coinbomb.biz but they have been locking my Lot 4 for over an hour now.  Seriously stop. let someone buy it.

[Redcoin]

I don't know who the heck this "s" person is on coinbomb.biz but they have been locking my Lot 4 for over an hour now.  Seriously stop. let someone buy it.

Somone from Canada. Ive Blocked him. Ill implement a system that automatically bans them after successive non payments.

http://coinbomb.biz/lottocoin/

[Devianttwo]

I don't know who the heck this "s" person is on coinbomb.biz but they have been locking my Lot 4 for over an hour now.  Seriously stop. let someone buy it.

Somone from Canada. Ive Blocked him. Ill implement a system that automatically bans them after successive non payments.

http://coinbomb.biz/lottocoin/

Thanks!

[nosf009]

OK; good news.
I felt motivated to produce a cool gaming/betting site script with LOT, and have cracked the RPC procedure to get relevant data haha.
Which means I can wrap a code around the basic engine in few days from now.

Can I reserve the second game reward?
I can have this script up in 48-72h hopefully.

Short overview:
- basic concept goes around placing bets on outcomes on any block in future.
For example, current block in time of writing is 9073, and you could place bet on block, for example, 9173 (min +100 blocks in future, maybe it'll be even more).
Probably a "near bet" will be implemented, as it's impossible to say exactly how it'll turn out, but what we know is: amount will be between 256-65536.
To bet, you need to invest some of your LOT; and then you can either win or loose.
Have to work on input/output concept a bit in process, it would be very bad for either players being ripped off or "house" going down in minutes by bad odds setup, but I'm positive I can find something.

Basically a luck based game could be wrapped around anything, but block amounts are transparent thus leaving no room for possible manipulation of prizes/bets.

User accounts, virtual wallets, deposits, withdrawals, and so on. Plus a GOOD security would have to be implemented.
Feature wise - first edition wouldn't be as much rich, but over time I'm sure it can be expanded.

Any thoughts?
If this qualifies, I'd love to reserve, as I'm getting back to work tomorrow, and can do this in 2 days time.
Thanks for the time.

p.s.
a linux based QT would be awesome! Only problem I see is that this way I'll have to sponsor a IIS server (Windows based) and I'm not too thrilled about it. All three of mine are running linux.
Can anyone jump in and sponsor a server haha?

[monokaskade]

OK; good news.
I felt motivated to produce a cool gaming/betting site script with LOT, and have cracked the RPC procedure to get relevant data haha.
Which means I can wrap a code around the basic engine in few days from now.

Can I reserve the second game reward?
I can have this script up in 48-72h hopefully.

Short overview:
- basic concept goes around placing bets on outcomes on any block in future.
For example, current block in time of writing is 9073, and you could place bet on block, for example, 9173 (min +100 blocks in future, maybe it'll be even more).
Probably a "near bet" will be implemented, as it's impossible to say exactly how it'll turn out, but what we know is: amount will be between 256-65536.
To bet, you need to invest some of your LOT; and then you can either win or loose.
Have to work on input/output concept a bit in process, it would be very bad for either players being ripped off or "house" going down in minutes by bad odds setup, but I'm positive I can find something.

Basically a luck based game could be wrapped around anything, but block amounts are transparent thus leaving no room for possible manipulation of prizes/bets.

User accounts, virtual wallets, deposits, withdrawals, and so on. Plus a GOOD security would have to be implemented.
Feature wise - first edition wouldn't be as much rich, but over time I'm sure it can be expanded.

Any thoughts?
If this qualifies, I'd love to reserve, as I'm getting back to work tomorrow, and can do this in 2 days time.
Thanks for the time.

p.s.
a linux based QT would be awesome! Only problem I see is that this way I'll have to sponsor a IIS server (Windows based) and I'm not too thrilled about it.
Can anyone jump in and sponsor a server haha?

Doesn't the protocol allow to create blocks with less outcome?

I guess noone would actually create a block with less output than he could get. Still one could cheat this way depending on what bets can be placed.

[damnation]

guys i just made a lottery thread for lot

https://bitcointalk.org/index.php?topic=371962.new#new

Give it a shot

[damnation]

OK; good news.
I felt motivated to produce a cool gaming/betting site script with LOT, and have cracked the RPC procedure to get relevant data haha.
Which means I can wrap a code around the basic engine in few days from now.

Can I reserve the second game reward?
I can have this script up in 48-72h hopefully.

Short overview:
- basic concept goes around placing bets on outcomes on any block in future.
For example, current block in time of writing is 9073, and you could place bet on block, for example, 9173 (min +100 blocks in future, maybe it'll be even more).
Probably a "near bet" will be implemented, as it's impossible to say exactly how it'll turn out, but what we know is: amount will be between 256-65536.
To bet, you need to invest some of your LOT; and then you can either win or loose.
Have to work on input/output concept a bit in process, it would be very bad for either players being ripped off or "house" going down in minutes by bad odds setup, but I'm positive I can find something.

Basically a luck based game could be wrapped around anything, but block amounts are transparent thus leaving no room for possible manipulation of prizes/bets.

User accounts, virtual wallets, deposits, withdrawals, and so on. Plus a GOOD security would have to be implemented.
Feature wise - first edition wouldn't be as much rich, but over time I'm sure it can be expanded.

Any thoughts?
If this qualifies, I'd love to reserve, as I'm getting back to work tomorrow, and can do this in 2 days time.
Thanks for the time.

p.s.
a linux based QT would be awesome! Only problem I see is that this way I'll have to sponsor a IIS server (Windows based) and I'm not too thrilled about it. All three of mine are running linux.
Can anyone jump in and sponsor a server haha?

Lol thats a hella LOT complicated than mine.. i just wanted a lottery system in play for LOT

[nosf009]

OK; good news.
I felt motivated to produce a cool gaming/betting site script with LOT, and have cracked the RPC procedure to get relevant data haha.
Which means I can wrap a code around the basic engine in few days from now.

Can I reserve the second game reward?
I can have this script up in 48-72h hopefully.

Short overview:
- basic concept goes around placing bets on outcomes on any block in future.
For example, current block in time of writing is 9073, and you could place bet on block, for example, 9173 (min +100 blocks in future, maybe it'll be even more).
Probably a "near bet" will be implemented, as it's impossible to say exactly how it'll turn out, but what we know is: amount will be between 256-65536.
To bet, you need to invest some of your LOT; and then you can either win or loose.
Have to work on input/output concept a bit in process, it would be very bad for either players being ripped off or "house" going down in minutes by bad odds setup, but I'm positive I can find something.

Basically a luck based game could be wrapped around anything, but block amounts are transparent thus leaving no room for possible manipulation of prizes/bets.

User accounts, virtual wallets, deposits, withdrawals, and so on. Plus a GOOD security would have to be implemented.
Feature wise - first edition wouldn't be as much rich, but over time I'm sure it can be expanded.

Any thoughts?
If this qualifies, I'd love to reserve, as I'm getting back to work tomorrow, and can do this in 2 days time.
Thanks for the time.

p.s.
a linux based QT would be awesome! Only problem I see is that this way I'll have to sponsor a IIS server (Windows based) and I'm not too thrilled about it.
Can anyone jump in and sponsor a server haha?

Doesn't the protocol allow to create blocks with less outcome?

I guess noone would actually create a block with less output than he could get. Still one could cheat this way depending on what bets can be placed.

Hm :/
Yeah, was not aware of this. Though, would love to hear more about this. I thought only a coin master developer can tamper with block amounts.
A thought;
Blocks get solved by random pools and solo miners. Wouldn't that practically eliminate the option for cheaters you're talking about?
Main question is, I suppose  - who and under what circumstances can control the block output?

@damnation: well, once the RPC api is set up and some PHP programming around engine, it basically comes down to simple concept.
Plus - since all cryptos are using RPC api, to my knowledge, it can be used for any coin, which is kinda bonus thing.

p.s. But, if all fails, I can ultimately involve anything from real life.
Basically, users could bet on market value of BTC in 6/12/24h ahead, (forex like haha); or temperature on north pole on given time, or date of next release of Miley Cyrus' bad music video, lol.

[damnation]

Guys come on and give the lottery a shot:

1st place is 60% of pot, 2nd place 30% of pot and 3rd gets 5% of pot

Its a quick lottery as i am testing the system. Lottery 1 ends at 6:30 PM UTC, DECEMBER 15, 2013


https://bitcointalk.org/index.php?topic=371962.new#new

[damnation]

Guys come on and give the lottery a shot:

1st place is 60% of pot, 2nd place 30% of pot and 3rd gets 5% of pot

Its a quick lottery as i am testing the system. Lottery 1 ends at 6:30 PM UTC, DECEMBER 15, 2013


https://bitcointalk.org/index.php?topic=371962.new#new

i wonder if i posted this at a wrong time.. no one seems to be awake or around... I have changed lottery to last for 24 hours. Lottery winner will be declared at 6:30pm on December 16th,2013

[y3804]

Sorry I'm late. Deviant, did you receive your coins?
I see that "Mark" bought my lot. Didnt expect it to happen this soon..
I'll buy it later in the next few days.

Check out CoinBomb

http://coinbomb.biz/lottocoin/

[DarkKnight]

RE: Coinbomb

It's not a scam eh? The whole thing depends on eventually some poor sap dumping millions of coins into a prize he won't be able to collect, so the guys before him can continue to get paid.

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.

Maybe it's not a scam, but it is a scheme, even if it's upfront about it. I know how it ends, and thank you, but I don't think anyone should play this particular "game" that requires you to try to screw someone to keep from getting screwed.  

You know, in the end, the operator is the biggest benefactor. When the "investments" finally fail to pay out, he collects the largest win possible.

[wakasaki808]

RE: Coinbomb

It's not a scam eh? The whole thing depends on eventually some poor sap dumping millions of coins into a prize he won't collect, so the guys before him can continue to get paid.

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.

Maybe it's not a scam, but it is a scheme, even if it's upfront about it. I know how it ends, and thank you, but I don't think anyone should play this particular "game" that requires you to try to screw someone to keep from getting screwed. 

You know, in the end, the operator is the biggest benefactor. When the "investments" finally fail to pay out, he collects the largest win possible.

It's the ponzi game. You gamble at the chance someone buys you out for the bomb which is when they gamble they chance, etc. Like the one for DogeCoin "Adorable Ponzi Scheme Game" http://dogepound.l8.lv/

[nosf009]

It's not like I'm trying to go against this "coinbomb" concept, but ever since I spotted that with some altcoin way back, I keep asking myself the same question:
WHY would anyone simply RISK their coin amount, no matter the value, in a game that relies only on one concept: someone dumber needs to come by and pick up your bomb, again for unknown reason.
There is no incentive that makes sense to risk all coins you need to get one :/

[y3804]

RE: Coinbomb

It's not a scam eh? The whole thing depends on eventually some poor sap dumping millions of coins into a prize he won't be able to collect, so the guys before him can continue to get paid.

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.

Maybe it's not a scam, but it is a scheme, even if it's upfront about it. I know how it ends, and thank you, but I don't think anyone should play this particular "game" that requires you to try to screw someone to keep from getting screwed.  

You know, in the end, the operator is the biggest benefactor. When the "investments" finally fail to pay out, he collects the largest win possible.

How is it different fron lottery? As with lottery, the owner will be the winner at the end.. So that should be out of the question. Standard procedure for those schemes.

Wouldn't classify it as a scam though, as there is no deception involved. The rules are very clear and you are the one who decides whether or not to play by these rules. The end result is exactly as described by those rules. Maybe similar to ponzi scheme, but still legit.

As to screw up someone else, well, if they pay, they made the decisipn based on the assumption that it could pay off. They wouldnt pay if there was no chance to win.

Hope this helps. If this is fraudulent, lotto also is, but legally the player is responsible as the rules are clear.

@nosf009 Of course there is a reason. If you pay, you get the chance to make xx% off your investment. That is enough of a reason to play. Great ROI. The player who picks up thinks he could still make xx% before the price gets unreasonably high, and then it dies.
Again, as with lotto, you play and pay because YOU think there is a chance to win. Not necessarily someone dumber (that could be the case,) but someone who thinks based on probabilistic values (ask vs offer vs market price) that it could pay off.

[zakorus]

get this coin on COINEX PLEASE!!!

[y3804]

To OP, any plan for it to make its way on an exchange? With halved revenue since block 8800ish, there should be a significant price bump. LOT to the moon...