anbu_haku (OP)
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March 13, 2014, 04:23:04 PM |
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The 50/50 GameDouble or NothingHi BTC Lovers, Please DO NOT trust me! .. but I wish to start a game that doubles your bet with a 50/50 chance So let's start small & if it turns out OK, I'll create a proper site for it once I've established trust within the forum & have a sizeable pot. Here we go! Steps to Participate: - Reply this thread with your bet in this format: BTC0.001 LOW or BTC0.001 HIGH
- Send your bet amount to 1NZqVuzVkUGUk6wcdnk7QX8ZwRK93WzART (The 50/50 Game Pot)
- Copy your Transaction ID ("TID")
- Quote your bet post earlier & reply with your TID
- I will manually make confirmations & do a simple calculation on the first 8 characters of the TID based on the calculation rules below
- If you bet BTC0.001 HIGH & calculation result > 60, you win & I will send BTC0.002 either from Pot or Reserve
- If you bet BTC0.001 LOW & calculation result > 60, you lose & get nothing
The Rules- The 50/50 Game Reserve: ~ BTC0.014 (as of 13/04/14)
- Minimum Bet: BTC0.001
- Maximum Bet: BTC0.002 (will increase when Reserve increases)
- Editted bet post are not accepted. If you wish to change a bet, delete original post & make a new bet post
- Bets will be verified against transaction's timestamp & confirmation
- Ensure that the timestamp for your bet post in BT is before transaction's timestamp
- Give me at least 24-48 hours for verification & payout (will give notice in thread if otherwise)
- No Refunds
- Transaction ID Conversion Table:
TID Character | Convert To | 0 - 9 | 0 - 9 | A | 10 | B | 11 | C | 12 | D | 13 | E | 14 | F | 15 |
TID Result Calculation- TID's 1st 8 characters lowest possible result: 00000000
- TID's 1st 8 characters highest possible Result: FFFFFFFF
- Convert TID's 1st 8 characters as per table above & calculate the total sum from each value
- Minimum Calculation Result: 0
- Maximum Calculation Result: 120
- Low Bid Result: 0 - 60
- High Bid Result: 61 - 120
Calculation Example - TID Result: D7A50CBF
- TID Conversion: (13)D 7 (10)A 5 0 (12)C (11)B (15)F
- TID Calculate: 13+7+10+5+0+12+11+15
- TID Calculation Result (Bet Result): 73
- Win if bet HIGH, Lose if bet LOW
Funds Allocation - Winning bets are DOUBLED (e.g. Bet BTC0.001, Get BTC0.002)
- Winnings are given from the Pot or Reserve
- Lossing bets will split 50/50 (i.e. 50% Pot, 50% Reserve)
- The 50/50 Game Pot is public -- used for the game's continuation & growth
- The 50/50 Game Reserve is private -- my personal gains or used for payout if Pot has BTC0
Good Luck! ANBU HakuP/s: Senior or Trusted BTC member, please quote OP. I will only make minor changes & regular updates for the Reserve amount & maximum bets. Thank you.
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Kyraishi
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March 13, 2014, 04:27:07 PM |
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24 hours waiting for a such small amount bet? you must be kidding aren't you? sorry but me, I can't wait long.
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anbu_haku (OP)
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March 13, 2014, 04:27:39 PM |
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I'm doing this in hopes to build trust & make profit in the long run. Hence having a very low bet amount. Hope it is cool with you all
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anbu_haku (OP)
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March 13, 2014, 04:36:27 PM |
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24 hours waiting for a such small amount bet? you must be kidding aren't you? sorry but me, I can't wait long.
Since I am not able to be in front of the screen constantly, I'm giving myself that much time to check the thread, verify bets & make payouts. I do apologies if its too long. My long term goal, is to have a proper site with the same rules with a semi-auto or auto-payout feature. So while I'm learning to understand and create the daemon/program for the site, I thought why not get the game started in BT first
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Kyraishi
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March 13, 2014, 04:38:15 PM |
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24 hours waiting for a such small amount bet? you must be kidding aren't you? sorry but me, I can't wait long.
Since I am not able to be in front of the screen constantly, I'm giving myself that much time to check the thread, verify bets & make payouts. I do apologies if its too long. My long term goal, is to have a proper site with the same rules with a semi-auto or auto-payout feature. So while I'm learning to understand and create the daemon/program for the site, I thought why not get the game started in BT first okay I understand, but are you planning to do more than double? maybe triple ?
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Buziss
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March 13, 2014, 04:38:32 PM |
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So the result is solely based on the Tx ID, right? And, you know we can check the Tx ID before broadcasting the Tx, right?
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Kyraishi
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March 13, 2014, 04:39:50 PM |
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So the result is solely based on the Tx ID, right? And, you know we can check the Tx ID before broadcasting the Tx, right?
really?
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Buziss
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March 13, 2014, 04:40:49 PM |
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So the result is solely based on the Tx ID, right? And, you know we can check the Tx ID before broadcasting the Tx, right?
really? I guess you are referring to my second line... And yes, we can easily do that...
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anbu_haku (OP)
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March 13, 2014, 04:45:06 PM |
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okay I understand, but are you planning to do more than double? maybe triple ?
Its a possibility. Thanks for the idea but instead of using the 1st 8 character, the rule would be to use the 1st 16th character of ID to increase the difficulity.
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anbu_haku (OP)
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March 13, 2014, 04:51:19 PM |
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So the result is solely based on the Tx ID, right? And, you know we can check the Tx ID before broadcasting the Tx, right?
True, but in order to have a "valid" bet you would need to have an uneditted post bet in this thread before executing the Tx
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Buziss
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March 13, 2014, 04:56:56 PM |
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So the result is solely based on the Tx ID, right? And, you know we can check the Tx ID before broadcasting the Tx, right?
True, but in order to have a "valid" bet you would need to have an uneditted post bet in this thread before executing the Tx Guess you misunderstood my point. Say I make a reply "High", and I will create a tx to your address. Before broadcasting the tx, I will check if I will win with it. If not, I will create another tx with another input so that it will have a different tx id, and check if I will win; and so on.
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Buziss
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March 13, 2014, 05:00:03 PM |
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So there are only 2 possible outcomes IMHO:
1. You run with all the money, and all bettors lose their money. 2. All (or at least most) of the bettors win their bets, and you lose your money.
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anbu_haku (OP)
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March 13, 2014, 05:04:43 PM |
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Thanks Buziss for highlighting it, I really didn't know about that & yes, I did miss the point about that "broadcasting". Need to come up with another provably fair method of doing this than. Thanks again!! To others: Please do not make any bets yet!
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Buziss
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March 16, 2014, 03:31:17 AM |
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Thanks Buziss for highlighting it, I really didn't know about that & yes, I did miss the point about that "broadcasting". Thanks again!! You are welcome. Need to come up with another provably fair method of doing this than.
You may want to take a look how other on-chain gambling sites (such as SatoshiDice or luckyb.it) works.
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