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Author Topic: 1 BTC investment opportunity in new gambling site - n of n address  (Read 618 times)
ned.ryerson
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June 09, 2014, 02:54:07 PM
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Hi All,

I am on the verge of starting a new type of dice game based on the blockchain.  To start, it will be a small bet site.  Max payouts of 0.01 BTC.  I am looking for people willing to invest 1 BTC.  Given that I don't have a long history in the forums here, I am willing to accept investments in an n of n address with myself putting in 1 BTC.  This way, every investor is in equal control.

Please PM me if interested.  Once I gather who is interested, we can work on generating the n of n address and get started.

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June 09, 2014, 02:56:30 PM
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I am on the verge of starting a new type of dice game based on the blockchain.
please don't. we don't need spammers clogging the blockchain.

It is pitch black. You are likely to be eaten by a grue.

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June 09, 2014, 02:57:00 PM
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I am on the verge of starting a new type of dice game based on the blockchain.
please don't. we don't need spammers clogging the blockchain.

I agree with this, all gambling sites should have sidechains.

ned.ryerson
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June 09, 2014, 06:15:52 PM
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I am on the verge of starting a new type of dice game based on the blockchain.
please don't. we don't need spammers clogging the blockchain.
Sorry if I wasn't clear.  It is based on the blockchain.  This way it there is no need to run some custom verification algorithm to validate the results.  It doesn't require spamming the blockchain.

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June 09, 2014, 06:52:01 PM
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I don't think it would contribute to blockchain spam as I do not think it would make people pay dice any more than now. And by all means, do spam the blockchain. If the system can't handle it, it must be changed instead of telling people what to do or not; someone will do it anyway.
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June 09, 2014, 08:25:09 PM
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Is there some way you can accept escrow? (I can help you with that)
What will stop you from running away with the funds on the dice site... And are you talking about an investment feature built-in?

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June 09, 2014, 08:28:40 PM
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There have been some recent casino/dice sites that have run away with the money.  You'd better be built for the long haul if you're serious, and try to build up business slowly.  ANy crazy promos are sure signs you are just a joker.
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June 10, 2014, 01:37:06 PM
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Is there some way you can accept escrow? (I can help you with that)
What will stop you from running away with the funds on the dice site... And are you talking about an investment feature built-in?
I am proposing to use an "n of n address" which requires all parties involved to authorize (sign) where the coins can be spent.  This means that I cannot run off with the investment money.  Please PM me if you're interested.

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June 10, 2014, 03:20:00 PM
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I am on the verge of starting a new type of dice game based on the blockchain.
please don't. we don't need spammers clogging the blockchain.
Sorry if I wasn't clear.  It is based on the blockchain.  This way it there is no need to run some custom verification algorithm to validate the results.  It doesn't require spamming the blockchain.

What grue meant is that on-chain gambling (such as SatoshiDice) creates tons of tx to and from your site.

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