Author Topic: LottoShares, You probably wouldn't be interested in this™ - It's Live!  (Read 14942 times)

0 Members and 1 Guest are viewing this topic.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12661
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: LottoShares DAC - June 5th
« Reply #15 on: May 24, 2014, 01:08:28 pm »
You won't regret that decision ... thanks alot
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline thistome

  • Sr. Member
  • ****
  • Posts: 250
    • View Profile
Re: LottoShares DAC - June 5th
« Reply #16 on: May 24, 2014, 01:24:59 pm »
welcome!!! :-* :-* :-* :-*

Offline tonyk

  • Hero Member
  • *****
  • Posts: 3309
    • View Profile
Re: LottoShares DAC - June 5th
« Reply #17 on: May 24, 2014, 03:59:08 pm »
My error! It is about 15.11%

FreeTrade
My math could be wrong, but it shows that the house cut is actually  about 26.70% based on the odds suggested in the original post.
« Last Edit: May 24, 2014, 04:47:15 pm by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: LottoShares DAC - Launch Suspended
« Reply #18 on: May 24, 2014, 04:20:01 pm »
I've been made aware of a similar project called ChanceCoin (thanks ABL). I'm not sure how I missed it, but it is a very similar project. In some ways, it is better than what I'm working on and yet seems to be failing to attract a high valuation in the marketplace.

For these reasons, I'm suspending the planned launch while I fully review this project and any lessons that can be learned.

“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12661
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: LottoShares DAC - Launch Suspended
« Reply #19 on: May 24, 2014, 04:26:02 pm »
Too bad :-(
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline AdamBLevine

  • Sr. Member
  • ****
  • Posts: 492
    • View Profile
    • Let's Talk Bitcoin!
Re: LottoShares DAC - Launch Suspended
« Reply #20 on: May 24, 2014, 04:38:30 pm »
I've been made aware of a similar project called ChanceCoin (thanks ABL). I'm not sure how I missed it, but it is a very similar project. In some ways, it is better than what I'm working on and yet seems to be failing to attract a high valuation in the marketplace.

For these reasons, I'm suspending the planned launch while I fully review this project and any lessons that can be learned.



FreeTrade, do you gamble at Casinos and do you anticipate being a user of your services?   Put another way, are you scratching your own itch or is a casino coin one on a list of interesting and potentially profitable coins to prototype?

I feel like the "interested in Cryptocurrency" and "big gambler" isn't neccesarily a huge demographic overlap which is why it's interesting to hear people who develop these solutions (like Bytemasters Mining-as-playing-the-lottery proposal of a few months ago) don't actually want to use the product, they just see the percieved market void.
Email me at [email protected]

Offline liondani

  • Hero Member
  • *****
  • Posts: 3694
  • Inch by inch, play by play
    • View Profile
    • My detailed info
  • BitShares: liondani
  • GitHub: liondani
Re: LottoShares DAC - Launch Suspended
« Reply #21 on: May 24, 2014, 08:04:16 pm »
lol,  he  announce the launch of a dac and because Adam 2-3 days later inform him about a competitor he changes his mind...  theoretical bitshares is hurt... well done... the "coincidence" is that only our community is informed well and our members concerns  was that it is not fair for the mmc holders to loose the "opportunity" to participate on snapshot in one week ... lol... 

Sent from my ALCATEL ONE TOUCH 997D using Tapatalk

  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline kokojie

  • Sr. Member
  • ****
  • Posts: 286
    • View Profile
Re: LottoShares DAC - Launch Suspended
« Reply #22 on: May 24, 2014, 09:43:07 pm »
Good, I just transferred my dogecoin to my local wallet, now I can use my dogecoin to participate

Offline JakeThePanda

  • Sr. Member
  • ****
  • Posts: 232
    • View Profile
Re: LottoShares DAC - Launch Suspended
« Reply #23 on: May 24, 2014, 10:45:49 pm »
I've been made aware of a similar project called ChanceCoin (thanks ABL). I'm not sure how I missed it, but it is a very similar project. In some ways, it is better than what I'm working on and yet seems to be failing to attract a high valuation in the marketplace.

For these reasons, I'm suspending the planned launch while I fully review this project and any lessons that can be learned.

It's failing because they had problems with the wallet.

Offline cass

  • Hero Member
  • *****
  • Posts: 4329
  • /(┬.┬)\
    • View Profile
Re: LottoShares DAC - Launch Suspended
« Reply #24 on: May 24, 2014, 11:57:26 pm »
Thx freetrade ...  good news  +5%
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline liondani

  • Hero Member
  • *****
  • Posts: 3694
  • Inch by inch, play by play
    • View Profile
    • My detailed info
  • BitShares: liondani
  • GitHub: liondani
Re: LottoShares DAC - Launch Suspended
« Reply #25 on: May 25, 2014, 05:12:09 am »
Thx freetrade ...  good news  +5%

? ? ?

...before the "bad" ones...

Sent from my ALCATEL ONE TOUCH 997D using Tapatalk

  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: LottoShares DAC - Launch Suspended
« Reply #26 on: May 25, 2014, 11:36:16 am »
Updated:

Snapshot date for AGS, PTS, MMC remains the same, but other aspect are under review.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline CLains

  • Hero Member
  • *****
  • Posts: 2610
    • View Profile
  • BitShares: clains
Re: LottoShares DAC - Launch Suspended
« Reply #27 on: May 25, 2014, 01:49:35 pm »
Gambling is the new sugar.

Let's go!  +5%

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: LottoShares DAC - Launch Suspended
« Reply #28 on: May 25, 2014, 03:05:32 pm »
FreeTrade, do you gamble at Casinos and do you anticipate being a user of your services?   Put another way, are you scratching your own itch or is a casino coin one on a list of interesting and potentially profitable coins to prototype?

I feel like the "interested in Cryptocurrency" and "big gambler" isn't neccesarily a huge demographic overlap which is why it's interesting to hear people who develop these solutions (like Bytemasters Mining-as-playing-the-lottery proposal of a few months ago) don't actually want to use the product, they just see the percieved market void.

No, I don't usually enjoy gambling on games of pure chance. Yes I see it as an interesting technical challenge and a potentially profitable coin. A small tax on gambling may also be a way to subsidize transactions processing / blockchain security.

Aside from turning a profit, I'm interested in encouraging the spread of crypto-currency. I think the best way of achieving that is through continual speculative manias.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline jae208

  • Hero Member
  • *****
  • Posts: 525
    • View Profile
Re: LottoShares DAC - Launch Suspended
« Reply #29 on: May 25, 2014, 08:31:11 pm »
how often will numbers be drawn and prizes awarded?
http://bitsharestutorials.com A work in progress
Subscribe to the Youtube Channel
https://www.youtube.com/user/BitsharesTutorials