Bitcoin Forum
October 22, 2017, 04:07:12 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin Dollar Bet  (Read 863 times)
ghgr
Jr. Member
*
Offline Offline

Activity: 59


To know where GOTO we gotta know where we COMEFROM


View Profile WWW
July 18, 2012, 05:40:45 PM
 #1

I would like to present my new project, a dollar auction http://en.wikipedia.org/wiki/Dollar_auction based on Bitcoin.
Based on the original concept, subjects 'bid' to win the pot, and he who bids the more, wins. The participants who didn't win, lose their bid.

In the original definition (and some experiments confirmed), this concept allows the pot to grow indefinitely.

In the implementation on http://www.bitcoindollarbet.com the rules are slightly adapted to the bitcoin economy, i.e:

  1) The number of players is not limited. To participate, just send 1 BTC to the indicated address.
 
  2) If the address stays more than 'n' (where 'n' is a constant, or decreasing number --> NEVER INCREASING) blocks without receiving bids, the pot is shared among the addresses involved in the last block where there was a transaction.
 
  3) The pot is not constant (contrarily to the original Dollar Bet), it increases as the address receives bids.
 
 
A bit of technical info:
  The information is extracted from the BlockChain. The counter (and the rest of information displayed on the site) is just orientative. If the blockchain.info API stops working for some time, it will only affect the displays* (which means that bids received during this time will also be considered). Once the API resumes activity, the webpage synchronises and will display, again, good information.
 
http://www.bitcoindollarbet.com
 
  *probably it will be shown 00:00:00.


P.S.: I have just seen another topic with a similar concept. Well, there are some differences:
  a) Here there is one, bigger pot.
  b) The counter restarts each time someone places a bid.

 
1508688432
Hero Member
*
Offline Offline

Posts: 1508688432

View Profile Personal Message (Offline)

Ignore
1508688432
Reply with quote  #2

1508688432
Report to moderator
1508688432
Hero Member
*
Offline Offline

Posts: 1508688432

View Profile Personal Message (Offline)

Ignore
1508688432
Reply with quote  #2

1508688432
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508688432
Hero Member
*
Offline Offline

Posts: 1508688432

View Profile Personal Message (Offline)

Ignore
1508688432
Reply with quote  #2

1508688432
Report to moderator
1508688432
Hero Member
*
Offline Offline

Posts: 1508688432

View Profile Personal Message (Offline)

Ignore
1508688432
Reply with quote  #2

1508688432
Report to moderator
1508688432
Hero Member
*
Offline Offline

Posts: 1508688432

View Profile Personal Message (Offline)

Ignore
1508688432
Reply with quote  #2

1508688432
Report to moderator
opticbit
Hero Member
*****
Offline Offline

Activity: 695


PGP: 6EBEBCE1E0507C38


View Profile WWW
July 22, 2012, 10:34:34 AM
 #2

add a referral program?

Bitrated user: opticbit.
https://www.bitrated.com/opticbit
ghgr
Jr. Member
*
Offline Offline

Activity: 59


To know where GOTO we gotta know where we COMEFROM


View Profile WWW
July 24, 2012, 01:50:35 PM
 #3

Maybe in the near future. For the moment I prefer to keep it as simple as possible.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!