So I'm quite new to the BitCoin community, and as a programmer, I'm pretty excited about it all. To dive in, I set up a very simple and (hopefully) easy-to-use BitCoin gambling site, doubleyourbtc.com
The idea is, you send a number of BitCoins and there is a 49% chance of getting double back, and 51% chance of getting nothing. Here is what makes this so nice:
1. You get your winnings sent back instantly. By chaining onto your original transaction, we can protect ourselves from double-spending and still send you your coins within seconds.
2. The instant you send BitCoins to start a game, the site will show you whether your won or lost. If you win, you get a simple box where you put your address and withdraw your winnings.
3. 49% to win seems damned good to me.
My goal with this project isn't to make money, but rather just to make something neat. I'm still hazy on this point, but I'd really like to find a way to donate any profits (less $50 per month for operating expenses) to the EFF so they can keep fighting to protect the Internet. I know they don't accept BitCoin donations directly anymore, but does anyone know an indirect way to donate to them with BitCoins?
I'd love to hear people's thoughts and feedback.