Get upto 0.01 BTC [Vote]

[Coinbuddy]

Hi,
I am introducing a new way to giveaway bitcoins.its something similliar with auction.let me explain it.
I am giving away 0.01 BTC to the one user.Every user must pay 0.001 BTC to get final spot.I can end this giveaway at any time and can pay the final spot user.like

Giveaway 0.01 BTC
Final Spot price 0.001 BTC

Like user A paid 0.001 BTC and get final spot
Then user B paid 0.001 BTC and grab final spot from user A
Then another user C paid 0.001 BTC and steal final spot from user B.

Now the standings will be

1) User A
2) User B
3) User C

Now final spot  belongs to user C so I can pay him,That's it
Looks much profitable for me

[dbshck]

Well that's not a giveaway then :p

[izanagi narukami]

it not a giveway

You can also ask your friend or "other friend" to join this giveway.

I think it's fair if you make a count down timer
so if count down is over , you must send the reward for that winner

[gordoh]

Lol then every1 just waits for the last second and deposits. This wont work. I seriously doubt anybody is going to pay you if their money is just going to go to waste. And its great for you, just wait until 10 people have entered and then you are in the profit, then you can close at any time.

Or even better, get 1 of your buddies to enter then close as soon as they enter lol. No thank you...

[Coinbuddy]

Lol then every1 just waits for the last second and deposits. This wont work. I seriously doubt anybody is going to pay you if their money is just going to go to waste. And its great for you, just wait until 10 people have entered and then you are in the profit, then you can close at any time.

Or even better, get 1 of your buddies to enter then close as soon as they enter lol. No thank you...

Yes 10 people should have entered.
But no one will pay
How about one user can buy spots more than once.

[Mobius7]

How about one user can buy spots more than once.

There is indeed no way you can really limit people from buying the spots only once, as you can't tell if two addresses belong to the same person.

[Coinbuddy]

How about one user can buy spots more than once.

There is indeed no way you can really limit people from buying the spots only once, as you can't tell if two addresses belong to the same person.