Eureka_07
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June 22, 2023, 02:39:00 PM |
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Your site looks very "old" with the graphics and fonts coming from the old Builtin board days. I looks like the ancient arcade games that I played when I was still very young. It might sound if I am harsh, but I am just brutally honest and I hope you see this as constructive criticism. I do not know if you are deliberately going for a 80s look, but I think it is too dated, compared with your competition. I do not think that they will feel about your comment. I personally understood your concern, but I am sure that they intended to use that design & theme. The design is kind of oldy however the site is very responsive. I believe that a site should only be perceived as "old" if it doesn't follow the current design practices, that includes the responsiveness of the website with different screen sizes.
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so98nn
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June 22, 2023, 02:39:22 PM |
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I love the design of this website already. It's just amazing and reminds me of 90's games man. I don't know, the theme looks like that way.
So you have three games so far, which are Quick Pick, Line Bingo, and High Low. They are as simple as they could be and easy to play on-site. Saw the Bitcoin price API synched with the timer. Makes it more authentic when playing it live.
Moreover, I understand that you have newly launched the game but I can see only two winners playing here that is Boxxob and Josh. Also, I can't see losses here. Are they not shown intentionally OR...?
Hope so you will shed some more light on the above questions.
You should also get a good thread designer and have an amazing ANN. Refer to other casinos and since you have already good UI you should launch with a grand entry. Good luck.
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buwaytress
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Activity: 2982
Merit: 3687
Join the world-leading crypto sportsbook NOW!
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June 22, 2023, 02:50:13 PM |
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@OP Right, I understand why blocktime's not used then. Still, say the blocktimes for Ethereum might be an improvement (12 seconds still too slow?) or as Loyce suggests, crash seed events -- probably not going to concern most people but it pays off to be provably fair from the start!
Don't really agree with guys like so98nn about needing more attractive designs. Belatedly, this reminds me of a dust lottery many years ago which won some guy a lot of money for mere sats. Simplicity is king when it comes to these kinds of satoshi games (but dark mode, I concur, is helpful).
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LoyceV
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Activity: 3486
Merit: 17611
Thick-Skinned Gang Leader and Golden Feather 2021
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June 22, 2023, 04:07:36 PM |
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@dewez: please fix your quote. Your link shows 12 decimals, but the question remains the same: where does it come from? It's not as if the last decimals are "live", the price changes only every few seconds, and when it does, all decimals change. So it makes absolutely no sense to go that "accurate", and I can't find how CoinGecko comes to this result. this is our API: https://www.l0tt0.com/api/price.php which you can view historic prices. it's 100% fair because at the end of the day even if you DON'T trust how I get the numbers- you can CLEARLY see that everyone is getting the SAME numbers. if we both play Quick Pick, and both bet on number 11, and both of us click place bet at the same time.. if the next price update (in 5 seconds) has 11 in the last 6 decimals (one of the three winning numbers of the game) we would both win. therefore there is no way I could show you one number and someone else another.. It's still possible to cheat: even if everyone gets the same numbers, you could pick numbers in such a way that you maximize your own profit. Say someone with a $10 bet should have won, but instead you make someone else with a $1 bet win.
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
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BoXXoB
Legendary
Offline
Activity: 2018
Merit: 1108
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June 22, 2023, 04:14:39 PM |
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@dewez: please fix your quote. Your link shows 12 decimals, but the question remains the same: where does it come from? It's not as if the last decimals are "live", the price changes only every few seconds, and when it does, all decimals change. So it makes absolutely no sense to go that "accurate", and I can't find how CoinGecko comes to this result. this is our API: https://www.l0tt0.com/api/price.php which you can view historic prices. it's 100% fair because at the end of the day even if you DON'T trust how I get the numbers- you can CLEARLY see that everyone is getting the SAME numbers. if we both play Quick Pick, and both bet on number 11, and both of us click place bet at the same time.. if the next price update (in 5 seconds) has 11 in the last 6 decimals (one of the three winning numbers of the game) we would both win. therefore there is no way I could show you one number and someone else another.. It's still possible to cheat: even if everyone gets the same numbers, you could pick numbers in such a way that you maximize your own profit. Say someone with a $10 should have won, but instead you make someone else with a $1 bet win. I guess it is a bit of a blackbox how Coingecko comes up with the result. As far as I understand they also use the Coinmarketcap API. And in both cases they use a paid API so we cannot see the results for free. I considered setting something up to keep my own file of l0tt0.com results so that users could verify from my version that the results on l0tt0.com were the same for them as they have been for me. I think the best would be if us players could fetch the same details from Coinmarketcap and Coingecko and verify the results that way. I considered possibility of setting something like that up too but I cannot dish out cash for paid API personally for that.
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LoyceV
Legendary
Offline
Activity: 3486
Merit: 17611
Thick-Skinned Gang Leader and Golden Feather 2021
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June 22, 2023, 04:21:37 PM |
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I considered setting something up to keep my own file of l0tt0.com results so that users could verify from my version that the results on l0tt0.com were the same for them as they have been for me. I think the best would be if us players could fetch the same details from Coinmarketcap and Coingecko and verify the results that way. I considered possibility of setting something like that up too but I cannot dish out cash for paid API personally for that. Even with API access, you'll never be able to fetch the data at exactly the same time as l0tt0 does. I actually got here after seeing your signature campaign thread, and the part about the 16th decimal made me curious. I guess it is a bit of a blackbox how Coingecko comes up with the result. As far as I understand they also use the Coinmarketcap API. And in both cases they use a paid API so we cannot see the results for free. I think that's a bad basis to start from, for something that could otherwise be a nice (and unique) site.
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
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BoXXoB
Legendary
Offline
Activity: 2018
Merit: 1108
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June 22, 2023, 04:29:39 PM |
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I considered setting something up to keep my own file of l0tt0.com results so that users could verify from my version that the results on l0tt0.com were the same for them as they have been for me. I think the best would be if us players could fetch the same details from Coinmarketcap and Coingecko and verify the results that way. I considered possibility of setting something like that up too but I cannot dish out cash for paid API personally for that. Even with API access, you'll never be able to fetch the data at exactly the same time as l0tt0 does. I actually got here after seeing your signature campaign thread, and the part about the 16th decimal made me curious. That's true. The results would vary based on how often the two APIs update their result. l0tt0.com only updates their price every 5 seconds which would be enough time to fetch a result as long as it's same on the source (Coingecko or Coinmarketcap). I guess it is a bit of a blackbox how Coingecko comes up with the result. As far as I understand they also use the Coinmarketcap API. And in both cases they use a paid API so we cannot see the results for free. I think that's a bad basis to start from, for something that could otherwise be a nice (and unique) site. Being used to provably fair, I agree it would be best if the results could be verified reliably. Unfortunately nothing comes to my mind how to keep the current, unique idea, but with provably fair results. I think it'd atleast be cool if we could reliably view results from Coinmarketcap and Coingecko. One thing I considered: What about using these decentralized exchanges / swap sites like Uniswap?
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LoyceV
Legendary
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Activity: 3486
Merit: 17611
Thick-Skinned Gang Leader and Golden Feather 2021
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June 22, 2023, 04:36:20 PM |
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One thing I considered: What about using these decentralized exchanges / swap sites like Uniswap? It doesn't change the problem of not being able to verify the exact same result. Being used to provably fair, I agree it would be best if the results could be verified reliably. Unfortunately nothing comes to my mind how to keep the current, unique idea, but with provably fair results. Combine block hashes (see for example bitmover's Giveaway Manager) with a seeding event ( see for example RHavar's Provably Fair Seeding Event). It could be setup in such a way that results can be verified right after each new block was found. Or, now that I think about it, it could work entirely without block hashes and only use random data from the seeding event. I know it's not as cool as using Bitcoin price data, but I've never met anyone who uses that up to 16 decimals anyway.
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
▄██▄ ██████▄ █████████▄ ████████████▄ ███████████████ ████████████▀ █████████▀ ██████▀ ▀██▀ | . GET IT ON Google Play | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ |
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BoXXoB
Legendary
Offline
Activity: 2018
Merit: 1108
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June 22, 2023, 04:40:54 PM |
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One thing I considered: What about using these decentralized exchanges / swap sites like Uniswap? It doesn't change the problem of not being able to verify the exact same result. Being used to provably fair, I agree it would be best if the results could be verified reliably. Unfortunately nothing comes to my mind how to keep the current, unique idea, but with provably fair results. Combine block hashes (see for example bitmover's Giveaway Manager) with a seeding event ( see for example RHavar's Provably Fair Seeding Event). It could be setup in such a way that results can be verified right after each new block was found. Or, now that I think about it, it could work entirely without block hashes and only use random data from the seeding event. I know it's not as cool as using Bitcoin price data, but I've never met anyone who uses that up to 16 decimals anyway. I was mainly considering options that preserve the current idea which seems to be in a key role of the website. But yes, that would be an option and I think worth considering.
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dewez (OP)
Copper Member
Member
Offline
Activity: 234
Merit: 72
l0tt0.com
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June 22, 2023, 04:47:44 PM |
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I love the design of this website already. It's just amazing and reminds me of 90's games man. I don't know, the theme looks like that way.
So you have three games so far, which are Quick Pick, Line Bingo, and High Low. They are as simple as they could be and easy to play on-site. Saw the Bitcoin price API synched with the timer. Makes it more authentic when playing it live.
Moreover, I understand that you have newly launched the game but I can see only two winners playing here that is Boxxob and Josh. Also, I can't see losses here. Are they not shown intentionally OR...?
Hope so you will shed some more light on the above questions.
You should also get a good thread designer and have an amazing ANN. Refer to other casinos and since you have already good UI you should launch with a grand entry. Good luck.
Interesting.. you want to see losing bets? thats something I can certainly do. Maybe what I'll do is add two buttons, default shows activity and a second for leaderboard with top wins. Thanks for the input, I'll add it to the list. It will be changed over the weekend. btw- I'm glad you like the design.... 90's baby.
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⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ l0tt0.com ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎B I T C O I N G A M E S L I K E Y O U ' V E N E V E R S E E N ! ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ UNIQUE GAMES | NO KYC | WITHDRAW IN MINUTES ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎
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dewez (OP)
Copper Member
Member
Offline
Activity: 234
Merit: 72
l0tt0.com
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June 22, 2023, 04:52:41 PM |
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this is our API: https://www.l0tt0.com/api/price.php which you can view historic prices. it's 100% fair because at the end of the day even if you DON'T trust how I get the numbers- you can CLEARLY see that everyone is getting the SAME numbers. if we both play Quick Pick, and both bet on number 11, and both of us click place bet at the same time.. if the next price update (in 5 seconds) has 11 in the last 6 decimals (one of the three winning numbers of the game) we would both win. therefore there is no way I could show you one number and someone else another.. It's still possible to cheat: even if everyone gets the same numbers, you could pick numbers in such a way that you maximize your own profit. Say someone with a $10 bet should have won, but instead you make someone else with a $1 bet win. [/quote] Your argument falls apart if there are 50+ people playing. If I did what you said, I would be denying someone a win and most likely giving someone else one.. Anyhow, there is a house edge. Casino's don't have to cheat man. Everyone gets the same winning numbers.. straight from the two largest exchanges.
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⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ l0tt0.com ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎B I T C O I N G A M E S L I K E Y O U ' V E N E V E R S E E N ! ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ UNIQUE GAMES | NO KYC | WITHDRAW IN MINUTES ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎
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dewez (OP)
Copper Member
Member
Offline
Activity: 234
Merit: 72
l0tt0.com
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June 22, 2023, 04:54:31 PM |
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I considered setting something up to keep my own file of l0tt0.com results so that users could verify from my version that the results on l0tt0.com were the same for them as they have been for me. I think the best would be if us players could fetch the same details from Coinmarketcap and Coingecko and verify the results that way. I considered possibility of setting something like that up too but I cannot dish out cash for paid API personally for that. Even with API access, you'll never be able to fetch the data at exactly the same time as l0tt0 does. I actually got here after seeing your signature campaign thread, and the part about the 16th decimal made me curious. I guess it is a bit of a blackbox how Coingecko comes up with the result. As far as I understand they also use the Coinmarketcap API. And in both cases they use a paid API so we cannot see the results for free. I think that's a bad basis to start from, for something that could otherwise be a nice (and unique) site. You can add start and end's to our API. To show historical prices. I will post some examples shortly.
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⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ l0tt0.com ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎B I T C O I N G A M E S L I K E Y O U ' V E N E V E R S E E N ! ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ UNIQUE GAMES | NO KYC | WITHDRAW IN MINUTES ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎
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LoyceV
Legendary
Offline
Activity: 3486
Merit: 17611
Thick-Skinned Gang Leader and Golden Feather 2021
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June 22, 2023, 04:57:52 PM |
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Your argument falls apart if there are 50+ people playing. Unless there's an even distribution of bets (which is unlikely to happen every time), it's still possible to cheat. If I did what you said, I would be denying someone a win and most likely giving someone else one.. Anyhow, there is a house edge. Casino's don't have to cheat man. I've seen online casinos cheat. If you're honest, there's absolutely no reason to make people doubt your honesty if you can make it provably fair. straight from the two largest exchanges. Do you know how they come up with the last 16 decimals? I get that 2 decimals come from people buying and selling Bitcoin. Where does the rest come from?
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
▄██▄ ██████▄ █████████▄ ████████████▄ ███████████████ ████████████▀ █████████▀ ██████▀ ▀██▀ | . GET IT ON Google Play | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ |
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BoXXoB
Legendary
Offline
Activity: 2018
Merit: 1108
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June 22, 2023, 05:00:14 PM |
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I considered setting something up to keep my own file of l0tt0.com results so that users could verify from my version that the results on l0tt0.com were the same for them as they have been for me. I think the best would be if us players could fetch the same details from Coinmarketcap and Coingecko and verify the results that way. I considered possibility of setting something like that up too but I cannot dish out cash for paid API personally for that. Even with API access, you'll never be able to fetch the data at exactly the same time as l0tt0 does. I actually got here after seeing your signature campaign thread, and the part about the 16th decimal made me curious. I guess it is a bit of a blackbox how Coingecko comes up with the result. As far as I understand they also use the Coinmarketcap API. And in both cases they use a paid API so we cannot see the results for free. I think that's a bad basis to start from, for something that could otherwise be a nice (and unique) site. You can add start and end's to our API. To show historical prices. I will post some examples shortly. Oh didn't know. Anyway, I was considering just keeping my own log for verification since, in the worst case, you as a site owner could alter the historical results afterwards. By the way, do you think if it is possible to fetch results from Coingecko and Coinmarketcap so that your result could be verified by a third party? Even without an actual provably fair system, that would be a pretty good thing. Your argument falls apart if there are 50+ people playing. Unless there's an even distribution of bets (which is unlikely to happen every time), it's still possible to cheat. If I did what you said, I would be denying someone a win and most likely giving someone else one.. Anyhow, there is a house edge. Casino's don't have to cheat man. I've seen online casinos cheat. If you're honest, there's absolutely no reason to make people doubt your honesty if you can make it provably fair. straight from the two largest exchanges. Do you know how they come up with the last 16 decimals? I get that 2 decimals come from people buying and selling Bitcoin. Where does the rest come from? Out of curiosity, why don't you think the rest come from trading? Could be simply a matter of displaying 2 decimals but backend handles with more precision.
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LoyceV
Legendary
Offline
Activity: 3486
Merit: 17611
Thick-Skinned Gang Leader and Golden Feather 2021
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June 22, 2023, 05:06:03 PM |
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Out of curiosity, why don't you think the rest come from trading? Could be simply a matter of displaying 2 decimals but backend handles with more precision. When I buy or sell Bitcoin, I only get to enter 2 decimals. Maybe it comes from trades against altcoins or other currencies too, but still, the "accuracy" is meaningless. To quote from another discipline: " the end calculation should not have more significant digits than the original set of data".
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
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BoXXoB
Legendary
Offline
Activity: 2018
Merit: 1108
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June 22, 2023, 05:15:21 PM |
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Out of curiosity, why don't you think the rest come from trading? Could be simply a matter of displaying 2 decimals but backend handles with more precision. When I buy or sell Bitcoin, I only get to enter 2 decimals. Maybe it comes from trades against altcoins or other currencies too, but still, the "accuracy" is meaningless. To quote from another discipline: " the end calculation should not have more significant digits than the original set of data". Agreed, we would need to know the basis for the result to argue this further.
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dewez (OP)
Copper Member
Member
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Activity: 234
Merit: 72
l0tt0.com
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June 22, 2023, 05:48:52 PM Last edit: June 22, 2023, 06:51:57 PM by dewez |
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If I did what you said, I would be denying someone a win and most likely giving someone else one.. Anyhow, there is a house edge. Casino's don't have to cheat man. I've seen online casinos cheat. If you're honest, there's absolutely no reason to make people doubt your honesty if you can make it provably fair. 100%. I will start a new post about this so we can dedicate this topic there- and come up with something. Do you know how they come up with the last 16 decimals? I get that 2 decimals come from people buying and selling Bitcoin. Where does the rest come from?
Math doesn't stop at the second decimal point. but money does. remember office space? I'm more than willing to show or come up with a solution that will satisfy everyones concerns and earn the provably fair badge. Nothing to hide. Let me come up with some initial ideas, and i'll make that post and link to it here. If showing a history isn't enough, i'm more than willing to show the results i get- and the addition. UPDATE: https://bitcointalk.org/index.php?topic=5457238
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⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ l0tt0.com ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎B I T C O I N G A M E S L I K E Y O U ' V E N E V E R S E E N ! ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ UNIQUE GAMES | NO KYC | WITHDRAW IN MINUTES ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎
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CryptSafe
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June 22, 2023, 08:37:17 PM |
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OP I was wondering if your lotto got all it takes to operate as I did a search for your license. I did not see anything of that nature then what confidence do you think members here would have doing anything with your lotto. I have no idea of this question have been asked by anybody but I am still curious to ask as well. Do you require KYC? What is the minimum age limit to take part in the lotto? Are there restrictions for countries from taking part in the lotto game. Please do well to answer these questions as they are very important to know.
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Wiwo
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June 22, 2023, 08:46:54 PM |
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OP I was wondering if your lotto got all it takes to operate as I did a search for your license. I did not see anything of that nature then what confidence do you think members here would have doing anything with your lotto. I have no idea of this question has been asked by anybody but I am still curious to ask as well. Do you require KYC? What is the minimum age limit to take part in the lotto? Are there restrictions for countries from taking part in the lotto game? Please do well to answer these questions as they are very important to know.
As far as I know, I think this casino will not be different from the many others we have around the forum unless for their mode of games which is based on only lottery without other gambling games such as dice, slot and others. I am sure a license may not be available since I didn't see them mention that on the website.
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dewez (OP)
Copper Member
Member
Offline
Activity: 234
Merit: 72
l0tt0.com
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OP I was wondering if your lotto got all it takes to operate as I did a search for your license. I did not see anything of that nature then what confidence do you think members here would have doing anything with your lotto. I have no idea of this question have been asked by anybody but I am still curious to ask as well. Do you require KYC? What is the minimum age limit to take part in the lotto? Are there restrictions for countries from taking part in the lotto game. Please do well to answer these questions as they are very important to know.
Since we only accept btc and payout in btc- we aren't a money service company. therefore it's perfectly legal to opertate in the US, since bitcoin is not a regulated currency- and the gambling act only restricts gambling to regulated currencies, like the USD. With that said, I have incorporated offshore and will be licensed in the upcoming months. It's not cheap.. So for now the site is owned and operated under a US corporation. You must be 18+. And again, KYC only comes into play when you are tapped into the banking world, ie take cash deposits. Although, that's a gray area still. In all honestly, it's the wild west right now. The legislation is too slow and our current laws were not ready for a globally adopted unregulated currency, like bitcoin. This is the example my lawyer gave me... If you owned a bar (in a state where gambling was illegal), you could have a slot machine that accepted gumballs, and paid out in gumballs. The machine it self isn't illegal.. But that all changes when It accepts regulated currency, ie quarters. Now.. gumballs (like btc) do have a market value... And some states do have gambling laws that go further than Federal Law, which prohibits gambling of anything of value. But as you can imagine, that's a hard law to enforce, and state AG's have bigger problems. So again, for now, I'm running it within the US, but will move it offshore and get a license soon. A quote from my lawyer... "It's all a matter of risk and the size of your balls." (I'm quoting him, but not legally quoting him- since he told me not to. heh) Now, what does this mean to you- the player? Nothing. You are not doing anything more illegal playing on my site than say stake. It's all about the country/state you live in. If you feel comfortable (legally) playing at other casinos, you should feel the same playing at mine. I hope that answers your question.
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⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ l0tt0.com ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎B I T C O I N G A M E S L I K E Y O U ' V E N E V E R S E E N ! ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎ UNIQUE GAMES | NO KYC | WITHDRAW IN MINUTES ⚫︎ ⚫︎ ⚫︎ ⚫︎ ⚫︎
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