Longclaw
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August 27, 2014, 03:00:53 PM |
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So how are the payouts made for the dice game? Let's say someone does the Martingale system (ie. doubles his bet after each loss in a row) and eventually ends up betting a large amount. What covers the other side?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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FreeTrade (OP)
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Activity: 1428
Merit: 1030
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August 27, 2014, 03:08:31 PM |
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So how are the payouts made for the dice game? Let's say someone does the Martingale system (ie. doubles his bet after each loss in a row) and eventually ends up betting a large amount. What covers the other side?
Payouts come from the coinbase, so you'll go broke before the house  |
Membercoin - Layer 1 Coin used for the member.cash decentralized social network. 10% Interest On All Balances. Browser and Solo Mining. 100% Distributed to Users and Developers.
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megashira1
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Activity: 1146
Merit: 1000
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August 27, 2014, 03:57:58 PM |
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How do I know if I have LTS? when was snapshot date?
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Longclaw
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August 27, 2014, 04:06:17 PM |
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So how are the payouts made for the dice game? Let's say someone does the Martingale system (ie. doubles his bet after each loss in a row) and eventually ends up betting a large amount. What covers the other side?
Payouts come from the coinbase, so you'll go broke before the house For the lottery, I understand the coinbase as the "pot" that everyone puts in to play. When the numbers are drawn, the rewards are distributed from the 0.85 x pot. Is this the same coinbase definition for the dice? If so, then if only two people play and one bets 1 LTS and the other 0.2 LTS, how much would the 1 LTS player get if he wins? |
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FreeTrade (OP)
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Activity: 1428
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August 27, 2014, 04:09:59 PM |
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For the lottery, I understand the coinbase as the "pot" that everyone puts in to play. When the numbers are drawn, the rewards are distributed from the 0.85 x pot.
Is this the same coinbase definition for the dice? If so, then if only two people play and one bets 1 LTS and the other 0.2 LTS, how much would the 1 LTS player get if he wins?
All bets are destroyed - sent to an unspendable address. All wins are paid from the coinbase. The 1 LTS player will receive 2LTS assuming a winning 50/50 bet. |
Membercoin - Layer 1 Coin used for the member.cash decentralized social network. 10% Interest On All Balances. Browser and Solo Mining. 100% Distributed to Users and Developers.
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ovebaby
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August 27, 2014, 04:11:54 PM |
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i was wondering for ages why the price is so low.. finally people pick it up pump and then dump.  |
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wumeid
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August 27, 2014, 04:13:22 PM |
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i think bter is unsafe. because it had been stolen few days ago.
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FreedomCoin
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August 27, 2014, 04:34:28 PM |
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wow... 882% jump in price.
But like the above said.. bter has some trust issues.
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chicken65
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August 27, 2014, 04:41:23 PM |
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Yeah, why dont I see lots of excited peeps posting on this thread? 882.75% increase over 24 hour period.  Wow Am I missing something here? I cant even recall seeing this coin in the top 20 Any idea why the price went so high? |
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iscal
Jr. Member
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Activity: 72
Merit: 2
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August 27, 2014, 04:45:44 PM |
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Yeah, why dont I see lots of excited peeps posting on this thread? 882.75% increase over 24 hour period. Wow Am I missing something here? I cant even recall seeing this coin in the top 20 Any idea why the price went so high? People likes play lotto ? |
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kokojie
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Activity: 1806
Merit: 1003
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August 27, 2014, 04:49:50 PM |
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Yeah, why dont I see lots of excited peeps posting on this thread? 882.75% increase over 24 hour period. Wow Am I missing something here? I cant even recall seeing this coin in the top 20 Any idea why the price went so high? Probably because the low float, no body has a big amount of LTS right now due to lock up period. I gambled away my 300 LTS that were available immediately, and it was hard to resist the urge to just buy from exchange to gamble again, I guess a lot of the people couldn't resist the urge. I'm still waiting impatiently for my 19k LTS to unlock after ... er 230k confirmations. |
btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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brekyrself
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August 27, 2014, 08:08:51 PM |
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FreeTrade
Any future plans of what your working on with this? Posting some plans on what's being worked on may help from people dumping.
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Majormax
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Activity: 2534
Merit: 1129
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August 27, 2014, 10:42:59 PM |
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FreeTrade
Any future plans of what your working on with this? Posting some plans on what's being worked on may help from people dumping.
Need some more community activity and ideas posted in this thread. Until then, let them dump. I am waiting to buy. |
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JakeThePanda
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August 28, 2014, 12:51:15 AM |
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Hey everyone. My mac crashed and I'm trying to import my backup wallet but it's not working. Can anyone help?
Anyone? Do I have to reenter my private keys? You could try the salvagewallet option. Can you explain what this is? After my computer crashed this is the only one of my coins I couldn't recover the wallet from the backup wallet.dat file. Got it all sorted out man, thanks for all your help.  |
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rhader
Member
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Activity: 109
Merit: 10
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August 28, 2014, 05:38:55 AM |
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I have PTS in my PTS wallet. How can I claim my lotto??? I just downloaded the wallet but see that there is no private key upload for my PTS to verify??? Please help  |
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testz
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Activity: 1764
Merit: 1018
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August 28, 2014, 07:27:23 AM |
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I have PTS in my PTS wallet. How can I claim my lotto??? I just downloaded the wallet but see that there is no private key upload for my PTS to verify??? Please help Do you read this instruction? http://forum.lottoshares.org/topic/12/how-to-claim-your-lts |
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lostwallet
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Activity: 8
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August 28, 2014, 08:08:37 AM |
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can't sync the wallet
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lanbo
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August 28, 2014, 08:43:36 AM |
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It seems like Lottoshares is the best coin to invest this 2014. Lottery and dice game in a wallet are great.  |
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FreeTrade (OP)
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Activity: 1428
Merit: 1030
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August 28, 2014, 09:11:50 AM |
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FreeTrade
Any future plans of what your working on with this? Posting some plans on what's being worked on may help from people dumping.
Yes, this might not sound very exciting but my priorities at the moment are to 1. Monitor and ensure stability of blockchain and checkpointing 2. Encourage more DOGE holders to claim their LTS and participate - this should broaden, deepen and stabilize the market for LTS. 3. Look at options to transition to a more decentralized RNG/checkpointing method. If you'd like to help - we can use a lot of help with point 2 - let Shibes know that they can claim upwards of $20 worth of LTS right away. |
Membercoin - Layer 1 Coin used for the member.cash decentralized social network. 10% Interest On All Balances. Browser and Solo Mining. 100% Distributed to Users and Developers.
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