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Re:Show HN: Anonymous Bitcoin Lottery by Prefinem on Wednesday April 17, 2013 @01:29PM (#5565756)
I like your idea. I will cut the fees to something like 1% to pay for the transaction fees
Re:Show HN: Anonymous Bitcoin Lottery by jswift on Wednesday April 17, 2013 @01:50PM (#5565888)
It's a good idea but any cut above this will make the lottery very expensive. National lotteries can pay out 50% because they have a monopoly and the remainder usually goes towards a community project.
Re:Show HN: Anonymous Bitcoin Lottery by Prefinem on Wednesday April 17, 2013 @01:53PM (#5565899)
I will probably increase fees (nothing to exorbitant) to covers costs if this takes off. I don't think it will require to much to run unless it becomes insanely popular. At that time, I will open up more lotteries for different payout ranges to make it more beneficial for costs.
Re:Show HN: Anonymous Bitcoin Lottery by sterlingross on Wednesday April 17, 2013 @02:06PM (#5565993)
Just a note, your site now says there is a 1% cut on one page [about] and a 25% cut on another page [how it works].
Re:Show HN: Anonymous Bitcoin Lottery by Prefinem on Wednesday April 17, 2013 @02:09PM (#5566016)
Thanks, fixed
Re:Show HN: Anonymous Bitcoin Lottery by jaredandrews on Wednesday April 17, 2013 @02:40PM (#5566201)
I noticed you have changed your fee. The example in how it works still reflects the old rate. Just letting you know. Nice project BTW I'll give it a shot next time I get some BTC.
Re:Show HN: Anonymous Bitcoin Lottery by Prefinem on Wednesday April 17, 2013 @02:46PM (#5566243)
Thanks, fixed.
Re:Show HN: Anonymous Bitcoin Lottery by TheTaytay on Wednesday April 17, 2013 @02:06PM (#5565996)
You probably haven't updated it yet, but on one page it says 1%, and on the other it says 25%.
Re:Show HN: Anonymous Bitcoin Lottery by Prefinem on Wednesday April 17, 2013 @02:12PM (#5566032)
Fixed, Thanks
Re:Show HN: Anonymous Bitcoin Lottery by shloime on Wednesday April 17, 2013 @01:35PM (#5565794)
Good call.
Re:Show HN: Anonymous Bitcoin Lottery by Prefinem on Wednesday April 17, 2013 @01:47PM (#5565871)
Thanks