Post
Topic
Board Investor-based games
Re: BidPot.XYZ - Penny Auction + Gambling | Min Pot: 10000 satoshis | MP Powered
by
bryankek
on 04/01/2016, 17:05:44 UTC
So that admin scams without repercussions  Grin
Just kidding you... Or maybe not lol
This kind of games is not new but good luck anyways!
Scam gamblers without repercussions. Intriguing.
You might be right, no doubt about that.
IIRC, cherryRace (a scam ponzi) is using the same concept if I'm not wrong.

This game is mainly influenced by player bids. If only one player bid, the only gain pot is the small predetermined initial pot. If more player bids, the pot will grow(from the bids by each player when they attempt to win the pot) and the ultimate reward for the winner is the pot(which has grown from the cumulative bids of all players).
If what you said is true, then this thread is not belong in Investor-based games section.

First sentence of the subsection description : "Games where the main factor is whether or not new "investors" join the game."

This game fits the description, hence it is here.

Also, its nothing like cherryrace.

An apt description of bidpot would be:

  • Gambling(From the autobid, you are estimating what the pot will be like, and how many players will be there when you purchase your autobid credits, hence it is a gamble)
  • Jackpot(an initial pot is offered, subsequent bids from other users also go into this pot)
  • Penny auction(You are bidding for the pot, each bid increases bid price(and also increase pot))