Introducing The First Steem Dollars Lottery - Only $0.01 SBD Per Ticket!

dantheman (73) · 8 years ago

May I suggest making this provably fair by using proof of work submissions as your random number source and then publishing the algorithm used by the bot so everyone can know who should win?

$18.86

heimindanger (68) · 8 years ago

Thanks a lot for your input. We have proof of fairness on our roadmap. Currently we are using a non-deterministic algorithm, where results cannot be reproduced. Hence no proof of fairness, yet.

However I am not sure if we will use the steem blockchain (or any other blockchain) to generate the random number. Wouldn't it be technically possible for someone with enough comp power to predict the proof of work submissions in the short future, at least just sometimes? It wouldn't need to be 100%, just a small edge would be enough to win on the long term.

$0.12

hitmeasap (71) · 8 years ago

That sounds like a great idea. They should definitely go with provably fair! Using double T would also be a good option to decrease errors from people sending funds to incorrect accounts.

$0.00

alifton (50) · 8 years ago (edited)

May I suggest making this provably fair by using proof of work submissions as your random number source and then publishing the algorithm used by the bot so everyone can know who should win?

I for one would like to second the above suggestion.

However I am not sure if we will use the steem blockchain (or any other blockchain) to generate the random number. Wouldn't it be technically possible for someone with enough comp power to predict the proof of work submissions in the short future, at least just sometimes? It wouldn't need to be 100%, just a small edge would be enough to win on the long term.

If you use a strong enough algorithm no one would be able to hash it out in 24 hours. No crypto is truly 100% unbreakable, but you would only need to secure it long enough to surpass the 24 hour mark before someone would have to start all over again from scratch.

$0.00

liondani (69) · 8 years ago (edited)

YOU MUST TAKE THESE ACCOUNTS ALSO

@steemlotto (with double "t")
http://steemlotto.com/ (with double "t")

else you will have trouble with many users sending funds to wrong account !

$0.69

6 votes

blueorgy (67) · 8 years ago (edited)

Sadly they were taken before we could. If the owners of either of these want to give them to us ;) or even sell them let me know.

So make sure when sending SDB to send it to either @steemloto or @steembingo !!

$0.00

drinkzya (57) · 8 years ago

I have reached out to steemlotto to try and acquire the account. If anybody has any information regarding this, please lmk, thanks

$0.00

lukestokes (75) · 8 years ago

I know this is going to be a huge success, and I hope people will have healthy fun with it. That said, please keep this mind:

A lottery is a tax on those who are bad at math.
(At least when the State does it)

I was honored to be included in the beta testing and, again, I know this will be fun for a lot of people. I also hope no one hurts themselves due to gambling tendencies. Thus ends my play responsibly PSA. :)

$0.41

11 votes

roelandp (74) · 8 years ago

great work, really awesome. Hats off, only compliments here. Works smooth!

$0.14

5 votes

blueorgy (67) · 8 years ago

Thanks! We worked hard on getting it to a place were we could feel confident for its release. Wanted to make sure everything was perfect so that users could trust the lottery with their hard earned SBD. Good Luck Everyone!

$0.00

liondani (69) · 8 years ago (edited)

Very impressive guys !!!

Additionally the daily lottery winner will be announced by the bot in a steemit post. The SBD rewards for these daily posts will be reinjected into the next day's lottery as a bonus!

That is the ultimate reason it will succeed and it is not needed from your part to take a fee since the SP you will earn each day will be enough...

PS My only concern is that it will suck out value from steem SP holders(?)... NO? But it will attract many new users as well I assume!

$0.12

knozaki2015 (79) · 8 years ago

Hey guys.

this project is awesome. I was lucky to be the first ever Jackpot winner at the 24H Lotto ;)

of course i will use most of the winning to support others for my giveback cause.

You guys have showed me with this application, that not the steemit website is the best we could get, but that it was only the beginning, and apps like yours will be the real deal in the future for steem.

Thanks for your work! You guys are the best!

$0.11

brunopro (62) · 8 years ago

I went to play at steemloto and for now, my review is that it's a "little to scammy for my taste and probably I'll not be playing anytime soon"

CLICK HERE TO READ REVIEW

$0.02

5 votes

french.fyde (59) · 8 years ago

Too easy to criticize and throw your poison :
Go done better, after we will be there to judge you too!

$0.00

brunopro (62) · 8 years ago (edited)

And yes, I support @dantheman, you have to add a provably fair verification if you want this project to have credibility and transparency. //

@heimindanger - No one can guarantee that anyone linked to the development will not play. And that it's not possible and Even more at the beginning. They will play it using "clean" accounts, impossible to link to them, so this sentence does more harm than good.

Install a provably fair system and this will be solved.

either way, I've just bought some tickets to test this out and to have some fun with some steam dollars!

$0.00

bergy (58) · 8 years ago

Trying it out, sounds like fun!

$0.00

thecryptofiend (74) · 8 years ago

This is very cool. It is a great way to get people using SBD to do something different.

$0.00

carlidos (61) · 8 years ago

Yup this is going to be really really fun!! just won my first lotto bingo! to be exact. won .21 SD!! great work guys. finally a real lotto!

$0.00

achim86 (66) · 8 years ago

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french.fyde (59) · 8 years ago

$0.00

ekitcho (60) · 8 years ago

it works perfectly bro, smooth, nice job !

$0.00

brunopro (62) · 8 years ago

Provably fair

In online gambling provably fair describes an algorithm which can be analyzed and verified for fairness on the part of the service operator.[1] Provably fair algorithms are often used in the operation of an online casino.

In a provably fair gambling system, a player places bets on games offered by the service operator. The service operator will publish a method for verifying each transaction in the game. This is usually by using open source algorithms for random seed generation, hashing, and for the random number generator.[2] Once a game has been played, the player can use these algorithms to test the game's response to his in-game decisions and evaluate the outcome by only using the published algorithms, the seeds, hashes, and the events which transpired during the game.

The benefit of a provably fair system is that third-party verification and auditing is usually unnecessary. Its major flaw is that it is susceptible to unscrupulous players or competitors who can claim that the service operator cheats. It could also potentially expose the operator to hacking attempts if there are undisclosed security flaws in the open source software.

From Wikipedia, the free encyclopedia

In order to gain credibility and transparency, every game result must be verifiable or else no one really know what is happening behind doors and even more problematic is how the winner is picked? How do we know if the winner was picked in a fair way? it's very easy to create dummy accounts and guess what, those dummy accounts will win the lotto and everyone will lose money except the house!

$0.00

thedashguy (64) · 8 years ago

This is a wonderful project, played a few times today and loving the platform!

$0.00

wisehammer (55) · 8 years ago

When I will have money I will try

$0.00

blueorgy (67) · 8 years ago (edited)

All you need is .01 SBD to play!

$0.00

wisehammer (55) · 8 years ago

yeah, that's the problem :) I have 0.00

$0.66

4 votes

liondani (69) · 8 years ago

now you can play! Hurry up!

$0.00

instructor2121 (66) · 8 years ago

awesome!

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marz.steemit (35) · 8 years ago

Steem casino? ;)

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gmikeyg (48) · 7 years ago

Is this lotto still running @heimindanger? The site doesn't load for me.

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heimindanger (68) · 7 years ago

No it's not ^^

$0.00

gmikeyg (48) · 7 years ago

What was the problem? Lack of interest? I am surprised that people aren't clamoring for a way to spend steem within its own ecosystem. Maybe it was lack of awareness/visibility @heimindanger?

$0.00