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Author Topic: Win 100.000 BTC  (Read 2492 times)
skull88
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August 09, 2010, 01:05:52 PM
 #1

Ok, I was thinking of making a person the first Bitcoin miljonair, but because this would probably take to long and I first want it to be fully automated, I changed it to 100.000BTC.
The idea of making a 1.000.000 bitcoin lotery isn't gone but I first will see how this runs.

The concept is pretty easy, you can buy pixels on my site and use those for advertising.
I ask 0,10BTC/px and I sell them in blocks of 10x10, so you can buy one block for 10BTC.
If all blocks are sold, I got 100.000BTC, and those Bitcoins I will put in a lottery.
Than I use a random generator to generate a number, if this number is the same as one of the id's of your blocks, you win 100.000BTC.

The idea is far from new, the only difference is, I put all the money back into the lotery.
And I'll be happy with some donations Smiley
use this address for those bitpixel related donations, I prefer not to use your payment address you get when buying pixels. 1FwU182VEcLzFLCoFE4qGA74wVSqjAp61W

Also don't examine the texts on the site to much, they will normally be rewritten today or tomorow by my girlfriend.
They schould be understandable but probably gramaticair not fully correct English. (I wrote them and English is not my native language, lol)

So if you need some advertisement for your site or just want a chance of winning those 100.000BTC or both, visit following site:

http://bitpixel.bitcoin.nl

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
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Zero
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August 09, 2010, 02:12:50 PM
 #2

10 BTC isn't that much for one single person to lose, but how do we know that once you get a good number of Bitcoins you wouldn't just run away with the profit? I think this is the biggest problem you're facing and to overcome it would be no easy task. Even if it continued onto the 2nd or 3rd lottery, the feeling that you could take off at any moment would be a very real problem.
Of course...that's a very real problem with nearly any Bitcoin venture at the moment...but this is a lot of cash to flow into one persons hand at once and not set an overtone of suspense.
skull88
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August 09, 2010, 06:08:44 PM
 #3

What does you think nobody can run with your money in a normal lotery?

I mean, how do you know a casino will pay you out if you hit the jackpot, what makes you think euromilions can't run away with your money?

Casino's and lotery's mostly put up pictures in advertisments of winners with a verry big cheque, and online casino's buy a license in Cyprus. But that doesn't mean they can't run away with your money. If the only thing you have is a number of a swiss bankaccount, you're pretty screwed too  Tongue

To answer your question, how could you know I don't just run away with the coins?
You can't know for sure.
Of course I wouldn't do something to people that I wouldn't like they do to me, and I never would do something that brings bitcoin in a bad daylight because I like this project to much.

...But that are things a scammer would say too.

Think of it, if I would run away with the money, you at least have some advertising space, that is more than you would have if a normal lotery would run away with your money. And else you could always whois the domainname and find my address, and break my both legs. Cheesy

And running away with the money would be plain stupid, in the short run it would give me some coins and a bad reputation, a good reputation is much more valuable than those 100.000BTC. Don't forget, this is not the only site I have, the url I used before to host the bitcoin images will be home of a much bigger project. And I prefer 1000BTC from donations than 100.000BTC I stole from people who trusted me and even gived me some donations. Smiley

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
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August 09, 2010, 07:07:53 PM
 #4

What are you doing if you'll never reach the 100.000 BTC limit ?

Date Registered: 2009-12-10 | I'm using GPG, pm me for my public key. | Bitcoin on Reddit: https://www.reddit.com/r/btc
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August 09, 2010, 07:50:26 PM
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What does you think nobody can run with your money in a normal lotery?

I mean, how do you know a casino will pay you out if you hit the jackpot, what makes you think euromilions can't run away with your money?

Casino's and lotery's mostly put up pictures in advertisments of winners with a verry big cheque, and online casino's buy a license in Cyprus. But that doesn't mean they can't run away with your money. If the only thing you have is a number of a swiss bankaccount, you're pretty screwed too  Tongue

A casino lottery system and an anonymous entity using an anonymous currency online is vastly different. A public business is held to much more scrutiny and if they cheat their customers, they are ruined for life (whereas a person around here can just create a new account the new day after a scam like nothing ever happened)


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And running away with the money would be plain stupid, in the short run it would give me some coins and a bad reputation, a good reputation is much more valuable than those 100.000BTC. Don't forget, this is not the only site I have, the url I used before to host the bitcoin images will be home of a much bigger project. And I prefer 1000BTC from donations than 100.000BTC I stole from people who trusted me and even gived me some donations. Smiley

For an internet scammer, 100,000 BTC (Or roughly $6,500 USD per todays standards) is definitely worth the hassle. I'm not accusing you of anything yet, but I'm just stating that it's not pennies and there are a lot of deceitful people that would go for an opportunity like that, especially when they can disappear tomorrow without a trace.
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August 09, 2010, 07:51:01 PM
 #6

100,000 is more than 2% of all the Bitcoins currently in existence.
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August 09, 2010, 08:26:12 PM
 #7

I think it's the pixel thing is cool even without the lottery. I think you should just charge a little for space and kick back some every day or week or whatever. However you do it 100k is way too much to start with, both because you won't get it for years (or ever) and because of the trust thing.

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skull88
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August 10, 2010, 01:04:55 AM
 #8

What are you doing if you'll never reach the 100.000 BTC limit ?
If it would truly take too much time, I guess I would have to lessen the amount to what I have at that point.

A casino lottery system and an anonymous entity using an anonymous currency online is vastly different. A public business is held to much more scrutiny and if they cheat their customers, they are ruined for life (whereas a person around here can just create a new account the new day after a scam like nothing ever happened)
True, still it is not impossible.
It would be some more work but can be done.


For an internet scammer, 100,000 BTC (Or roughly $6,500 USD per todays standards) is definitely worth the hassle. I'm not accusing you of anything yet, but I'm just stating that it's not pennies and there are a lot of deceitful people that would go for an opportunity like that, especially when they can disappear tomorrow without a trace.
There are scams out there that indeed involved less money than this amount.
But if we want to use bitcoins as a currency for everything, this kind of things will happen in the future too. And the directory with ratings is a nice idea to prevent scams, people could than use some kind of verified logo on their site witch links to their profile, so people can see the trustworthiness of a site. But how you check something like my idea? The only thing I can proof the trustworthiness of BitPixel is by paying, but till I sold every pixel, I just can't proof that. If it is a scam, it's far to late by then. If it's not, people who would use it, didn't do it because the chance of it being a scam.

100,000 is more than 2% of all the Bitcoins currently in existence.
At this point yes, till the time I sold every pixel probably it will be less %
It could easily take a year to get them all, and that's fine, don't forget it is advertising space I sell, so it would be less effective if all pixels where sold within a week. There will be less interest in visiting the site and people get there ads viewed and clicked when everything is sold and the big jackpot is gone. And yes it is a big amount, but that is also the purpose. It should be the big jackpot, the euromilions,the lotto,de staatsloterij,... under the bitcoins. Millions would be pretty impossible, still I want it to be something you can dream a little bit of. The kind of amount you would think "damned, I wish I won that, could do some nice things with that money"

But I guess it won't work if people indeed don't trust it, something how sad for me it is, I can understand.
So any suggestions on the trust thing would be really great.

I could off course also do a lottery every 1000BTC or 10.000BTC, would defeat a little bit my idea of giving a big jackpot, but that way people could see faster I just give the coins and if not I would only get away with 1000 or 10000 coins. In total it would be still 100.000, they're would be only a lot more winners. Would be only unfair to those who entered first, they would have a lot more chance of winning.  Undecided

And last but not least, if you just want some good advertising space, it still is the deal of your life of course  Tongue

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
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August 10, 2010, 03:04:05 AM
 #9

I could off course also do a lottery every 1000BTC or 10.000BTC, would defeat a little bit my idea of giving a big jackpot, but that way people could see faster I just give the coins and if not I would only get away with 1000 or 10000 coins. In total it would be still 100.000, they're would be only a lot more winners. Would be only unfair to those who entered first, they would have a lot more chance of winning.


This is right.

More fundamentally you are offering two different thing tied together. I'm sure some people would just straight up pay for ad space on the hugest billboard in bitcoinland. And a different, but overlapping group would like a lottery. I don't see the usefulness in combining them, though I may be missing something.

I think it would be cool if purchased pixels filled the screen instead of blank ones. Like auto zoom over the purchased portion and as it fills everything will shrink, and you can manually zoom over what you want to see.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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August 10, 2010, 01:09:34 PM
 #10

Well it seems I'm the only one who has bought a pixel block, as the only image at BitPixel is mine. At this rate, it's going to take a long time to get to BTC 100,000.

On a positive note, the process of purchasing the pixels and uploading my graphic went smoothly, and the ad appeared as promised.
skull88
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August 10, 2010, 04:17:46 PM
 #11

At this rate, 1 block/day it will take 27 years to get the 100.000. Guess that's a little bit to long  Undecided
I will wait a little, see how it evolves and see what the others think about the idea of doing it in parts of 1000BTC.

I think changing the way the 100.000 will be given away and split it into 100x 1000 BTC should work on the trust part and get more people convinced to buy some pixels and it also will go a lot faster to get a first winner.

Of course if I change it that way, you always have the choice of keeping the ad with the new rules or get rid of the ad and get a refund.

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
skull88
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August 15, 2010, 10:23:30 AM
 #12

url changed to: http://bitpixel.bitcoin.nl

update your bookmarks Cheesy

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
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August 16, 2010, 03:09:08 AM
 #13

If all blocks are sold, I got 100.000BTC, and those Bitcoins I will put in a lottery.
Than I use a random generator to generate a number, if this number is the same as one of the id's of your blocks, you win 100.000BTC.

And if all blocks are not sold, then the lottery will never take place?  Looks like the odds are in favor of you ^_^
How can there be a trustworthiness on your claim of which number was randomly generated?

What does you think nobody can run with your money in a normal lotery?

I mean, how do you know a casino will pay you out if you hit the jackpot, what makes you think euromilions can't run away with your money?

In cases like that, there is more a sense of law and that that provides a sense of trust, reliability.  However, in the case of casinos, it has become the norm that casinos can claim their slot machines, etc glitched and to not payout to winners, and this has become standard procedure in many cases.  So, technically you could possibly do the same?  But then again, it may not be necessary depending on the reliability of your random number generation process.

Of course I wouldn't do something to people that I wouldn't like they do to me, and I never would do something that brings bitcoin in a bad daylight because I like this project to much.
Of course, I too, can establish myself well into the community and develop a sense of trust and possibly develop something that generates a lot of profit and when I deem I have established enough profit, I can potentially revert my established reputation and disregard any negative outlash in response because it won't matter.  I'm rich!  Saying that I won't do that or not even mentioning it and instead social engineering positively does not help to provide a sense of trust or reliability.

Perhaps it may be better to start small and work your way up.  e.g. kiss/keep it simple stupid, concept applied...  I am not certain there will be enough participants willing to spend enough money to make a 100,000 bitcoin lottery feasible.  Perhaps start at a much smaller amount and gradually as the lottery becomes more popular and successful, you can provide increasingly larger jackpots.  

Starting small will also help to have a lottery occur in much shorter timeframe and help to convince those that may be interested in participating that is is more worthy in doing so.



Additionally,

http://bitcointalk.org/index.php?topic=821

I too thought 100 bitcoins with 3 decimal places and 1.000.000 didn't make sense because it had two periods.
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August 17, 2010, 01:45:53 PM
 #14

The random number could be picked using a randomization algorithm seeded with a predefined random seed such as stock exchange ending numbers on some day in the future.

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August 17, 2010, 02:07:01 PM
 #15

I'm not really interested, so I didn't read the much of the thread, but I did read the last comment. If you're looking for a random number, just use the hash of block x. Blocks take roughly ten minutes to generate, so you can pretty well estimate about how long it'll take to get to block x. Just be sure to specify whether you count the genesis block as block 0 or 1 since it's changing and whether you'll be looking at the hash that's available while block x is being hashed or the hash of block x. And if the payout is large, you should wait for at least about a day after the payout to ensure that the hash is pretty well confirmed.

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