LottoShares - Dice 0% Edge - 80LTS Airdrop to all DOGE owners

[telemaco]

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an uknown wallet?

Could that be risky?

Just wondering,

Thanks

i was wondering the same thing, but since nobody seamed to have a problem with this I didn't ask

Wouldn't be great if instead of introducing private key we could just Sign an address and introduce that signature to get the lottoshares?

Does this make any sense?

[DeathAndTaxes]

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an unknown wallet?

Could that be risky?

If the software you are randomly importing your private keys into is malicious the risk is a complete loss of all your coins.

[telemaco]

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an unknown wallet?

Could that be risky?

If the software you are randomly importing your private keys into is malicious the risk is a complete loss of all your coins.

Yeah i had the impression that it could be one of the outcomes. Why not letting us import a signed message proving that the address is ours instead?

[Majormax]

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an unknown wallet?

Could that be risky?

If the software you are randomly importing your private keys into is malicious the risk is a complete loss of all your coins.

Well, this one is going to be controversial, if nothing else. I am a holder of many of the qualifying coins, and I will certainly be introducing my Sharecoin private keys, as there is nothing more to lose on that one !

One thing I don't quite understand is how many blockchains will be needed. Obviously the BTC,DOGE,LTC,SHARE etc will have different algorithms and therefore a separate set of addresses relating to each.

[andyatcrux]

Nice concept. Love the trademark and sense of humor too.

[bitcoinxiaoshan]

 I don't want to take risk releasing my private key.
Could someone send me a few coins for testing? I will be very grateful. I will give them back with interest when in two month

LXLL2Dpyumw2DYN6y4Cf6h9eNejiApU2cx

[Ola]

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an unknown wallet?

Could that be risky?

If the software you are randomly importing your private keys into is malicious the risk is a complete loss of all your coins.

Well, this one is going to be controversial, if nothing else. I am a holder of many of the qualifying coins, and I will certainly be introducing my Sharecoin private keys, as there is nothing more to lose on that one !

One thing I don't quite understand is how many blockchains will be needed. Obviously the BTC,DOGE,LTC,SHARE etc will have different algorithms and therefore a separate set of addresses relating to each.

The private key issue is kind of tricky..since you love innovative coins there is a beast of a competitor in town. Nas a far more efficient and faster system launching a functional easy to use client in a few hours:  https://bitcointalk.org/index.php?topic=523187.msg7832377#msg7832377 lotto, dicegame, multigateway exchange from btc to nxt and other currencies...

[JakeThePanda]

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an unknown wallet?

Could that be risky?

If the software you are randomly importing your private keys into is malicious the risk is a complete loss of all your coins.

Well, this one is going to be controversial, if nothing else. I am a holder of many of the qualifying coins, and I will certainly be introducing my Sharecoin private keys, as there is nothing more to lose on that one !

One thing I don't quite understand is how many blockchains will be needed. Obviously the BTC,DOGE,LTC,SHARE etc will have different algorithms and therefore a separate set of addresses relating to each.

The private key issue is kind of tricky..since you love innovative coins there is a beast of a competitor in town. Nas a far more efficient and faster system launching a functional easy to use client in a few hours:  https://bitcointalk.org/index.php?topic=523187.msg7832377#msg7832377 lotto, dicegame, multigateway exchange from btc to nxt and other currencies...

Obviously you don't understand what DACs are.  LottoShares are profitable to own.  With NAS, you are just gambling your coins away.

[Ola]

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an unknown wallet?

Could that be risky?

If the software you are randomly importing your private keys into is malicious the risk is a complete loss of all your coins.

Well, this one is going to be controversial, if nothing else. I am a holder of many of the qualifying coins, and I will certainly be introducing my Sharecoin private keys, as there is nothing more to lose on that one !

One thing I don't quite understand is how many blockchains will be needed. Obviously the BTC,DOGE,LTC,SHARE etc will have different algorithms and therefore a separate set of addresses relating to each.

The private key issue is kind of tricky..since you love innovative coins there is a beast of a competitor in town. Nas a far more efficient and faster system launching a functional easy to use client in a few hours:  https://bitcointalk.org/index.php?topic=523187.msg7832377#msg7832377 lotto, dicegame, multigateway exchange from btc to nxt and other currencies...

Obviously you don't understand what DACs are.  LottoShares are profitable to own.  With NAS, you are just gambling your coins away.

Your assumption show your intelligence level...I am involved in the development a DAC so there you go...have you heard of chancecoin?? ever wondered why you have not heard of it? hint its not just marketing

[T-800]

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an unknown wallet?

Could that be risky?

If the software you are randomly importing your private keys into is malicious the risk is a complete loss of all your coins.

This exactly. I'm going to stay the hell away from this coin.

I don't understand the logic.  You are releasing your own private key to your own wallet, it just happens to be your own wallet of a different coin.  It doesn't seem risky to me at all.

Wallets are connected to the internet and could be sending this info to the dev.

[anapolis]

Why is AGS shares vested while BTC and DOGE holders are not vested?

[Majormax]

I don't want to take risk releasing my private key.
Could someone send me a few coins for testing? I will be very grateful. I will give them back with interest when in two month

LXLL2Dpyumw2DYN6y4Cf6h9eNejiApU2cx

I don't understand the logic.  You are releasing your own private key to your own wallet, it just happens to be your own wallet of a different coin.  It doesn't seem risky to me at all.

Anyway, I imported all my private keys and now have a bunch of LottoShares. Thanks Freetrade.

Just the chance of the wallet software being compromised in some way. It is all very well to risk to loss of the new coin in that way, but I would think a lot of coins are going to go unclaimed (= unmoved = destroyed), unless confidence really picks up in the first year.

[MisO69]

If you really wanted to protect your coins you could just send them to another wallet and then use the original empty wallets private keys.   

[helloword2013]

09:14:50

getmininginfo


09:14:50

{
"blocks" : 741,
"currentblocksize" : 2323,
"currentblocktx" : 3,
"difficulty" : 1.94126011,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 56410395,
"pooledtx" : 4,
"testnet" : false
}



any pool running??

[pharesim]

LTS has been added to the NHZ Asset Exchange DAC gateway

http://forum.nhzcrypto.org/index.php/topic,194.0.html
http://dacx.nhzcrypto.org/

[telemaco]

I don't want to take risk releasing my private key.
Could someone send me a few coins for testing? I will be very grateful. I will give them back with interest when in two month

LXLL2Dpyumw2DYN6y4Cf6h9eNejiApU2cx

I don't understand the logic.  You are releasing your own private key to your own wallet, it just happens to be your own wallet of a different coin.  It doesn't seem risky to me at all.

Anyway, I imported all my private keys and now have a bunch of LottoShares. Thanks Freetrade.

Just the chance of the wallet software being compromised in some way. It is all very well to risk to loss of the new coin in that way, but I would think a lot of coins are going to go unclaimed (= unmoved = destroyed), unless confidence really picks up in the first year.

I agree. I think this is a problem with the method Bitshares X/Bitshares PTS/Bitshares AGS have been thought (and many other coins following the same practice). I am wondering if one day or the other, a scam DAC could appear and read your priv keys and send those to the developer. In the case of bitcoin and others you can send your savings to other address and give the older private key, but how are you going to do that with your Bitshares X rights? I think the validation of ownership to receive your rights on subsequent coins should be changed to giving a signature, not giving your own private key.

[JakeThePanda]

Please excuse my excess of prudence but what are "in general" (not talking about this specific coin) the risks of importing your bitcoin private key on an unknown wallet?

Could that be risky?

If the software you are randomly importing your private keys into is malicious the risk is a complete loss of all your coins.

Well, this one is going to be controversial, if nothing else. I am a holder of many of the qualifying coins, and I will certainly be introducing my Sharecoin private keys, as there is nothing more to lose on that one !

One thing I don't quite understand is how many blockchains will be needed. Obviously the BTC,DOGE,LTC,SHARE etc will have different algorithms and therefore a separate set of addresses relating to each.

The private key issue is kind of tricky..since you love innovative coins there is a beast of a competitor in town. Nas a far more efficient and faster system launching a functional easy to use client in a few hours:  https://bitcointalk.org/index.php?topic=523187.msg7832377#msg7832377 lotto, dicegame, multigateway exchange from btc to nxt and other currencies...

Obviously you don't understand what DACs are.  LottoShares are profitable to own.  With NAS, you are just gambling your coins away.

Your assumption show your intelligence level...I am involved in the development a DAC so there you go...have you heard of chancecoin?? ever wondered why you have not heard of it? hint its not just marketing

Coming back with a comment like this tells me a lot about you as well.  Stop jerking off over yourself. I'm sure you're a genius.  You were comparing a DAC, LottoShares, to a regular coin that just happens to have a way to gamble away your coins built into the wallet.  Yes, i heard of Chancecoin. I held 3k CHA until I realized there was no marketing. Yes, marketing is a big reason why it hasn't succeeded.  BUT, you didn't mention anything about marketing in your comment.  The only thing you are doing is trolling one coin to hype your own interests.

[freebeer2go]

I don't want to take risk releasing my private key.
Could someone send me a few coins for testing? I will be very grateful. I will give them back with interest when in two month

LXLL2Dpyumw2DYN6y4Cf6h9eNejiApU2cx

I don't understand the logic.  You are releasing your own private key to your own wallet, it just happens to be your own wallet of a different coin.  It doesn't seem risky to me at all.

Anyway, I imported all my private keys and now have a bunch of LottoShares. Thanks Freetrade.

Just the chance of the wallet software being compromised in some way. It is all very well to risk to loss of the new coin in that way, but I would think a lot of coins are going to go unclaimed (= unmoved = destroyed), unless confidence really picks up in the first year.

I agree. I think this is a problem with the method Bitshares X/Bitshares PTS/Bitshares AGS have been thought (and many other coins following the same practice). I am wondering if one day or the other, a scam DAC could appear and read your priv keys and send those to the developer. In the case of bitcoin and others you can send your savings to other address and give the older private key, but how are you going to do that with your Bitshares X rights? I think the validation of ownership to receive your rights on subsequent coins should be changed to giving a signature, not giving your own private key.

This is why it's open source, so everyone could check it out and compile it yourself if you don't trust the binary. Just refuse any non-opensource clients.

[kokojie]

Excellent job once again FreeTrade. You are the beacon of hope for all man kind.

[FreeTrade]

So in short I don't understand from where are the winnings generated?

I'm also confused about these contradicting statements:

When a lottery ticket is played, the coins used as a stake are destroyed.
Thus as the lottery is played 15% of the total stake is destroyed, making other players richer.

So which one is it? All coins destroyed or just the 15% of the stake?

So the winnings come from the coinbase.

For a single played lottery ticket, 100% of the stake is destroyed.

Cumulatively, across all lottery tickets, 85% of the total stakes is recreated in the coinbase, and awarded as prizes.

So for every 100 coins destroyed in playing, on average, 85 will later be created in prizes.