Most of my followers would probably expect me to post a SteemWhales update today, but it is not the case. Instead, I want to present a new project that @blueorgy and I have been working on for the past few days: an automated lottery for steem.
Introducing http://steemloto.com!
https://ipfs.pics/ipfs/QmVJaRKJQQ1E5jK4f5zCPgMK3npJq1rhR6DG2HAGt3L71N
The story behind this project: A bit earlier this week, I was chilling on the steemit.chat, and updated to the new formula for reputation on steem whales. This didn't deserve a full update post, so I decided to just let people know about it in the general chat. Following the update user @drinkzya had reached out to me about his idea to make a true gambling website for steem. A gambling bot had already existed, @steemdice1 (you can see me playing once, winning, and quitting in the transfer history), but it's a simple dice game.... @drinkzya very quickly hyped me into making this more then just an idea, but into a reality. A few hours later, I had a simple concept bot that sold tickets, and picked a random unique winner after 5 minutes.
The next day I was on steemit.chat again, helping out @blueorgy with his reputation formula and calculations for http://steem.cool, and after a friendly chat I asked him his opinion about what I had coded earlier. He instantly fell in love with the idea and proposed to help. Who am I to refuse?
Two days later @blueorgy delivered one very smooth design for the website and insight into the project. We then continued to create a Beta version for some more serious testing alongside adding many features that we believe will make this steem lottery a great success.
This is what we ended up with: http://steemloto.com!
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?
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.
I for one would like to second the above suggestion.
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.
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 !
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 !!
I have reached out to steemlotto to try and acquire the account. If anybody has any information regarding this, please lmk, thanks
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. :)
great work, really awesome. Hats off, only compliments here. Works smooth!
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!
Very impressive guys !!!
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!
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!
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
Too easy to criticize and throw your poison :
Go done better, after we will be there to judge you too!
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!
Trying it out, sounds like fun!
This is very cool. It is a great way to get people using SBD to do something different.
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!
it works perfectly bro, smooth, nice job !
Provably fair
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!
This is a wonderful project, played a few times today and loving the platform!
When I will have money I will try
All you need is .01 SBD to play!
yeah, that's the problem :) I have 0.00
now you can play! Hurry up!
awesome!
So is this a raffle style drawing where someone is guaranteed to win or is it a lotto style drawing where the funds are added to the next jackpot if nobody wins?
I was hoping that'd be the case!
I don't like to gamble but this sounds fun :)
Great execution of a use case which seems to become some kind of standard for blockchain technology.
Brilliant work guys :) Injecting sbd rewards from posts into the lottery is genius.
Steem casino? ;)
This post has been linked to from another place on Steem.
Learn more about linkback bot v0.3
Upvote if you want the bot to continue posting linkbacks for your posts. Flag if otherwise. Built by @ontofractal
Is this lotto still running @heimindanger? The site doesn't load for me.
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?