Re: Satoshi Buckets - UP AND RUNNING! 1 BTC GIVEAWAY, 0.7 BTC LEFT.
Thanks for the clarification, bitshy!
There are three reasons why you might still want to play in red in this situation:
- You might expect green or blue to get higher by the time red meets the threshold.
- You might be feeling lucky.
- There is a massive giveaway going on that means that playing in red is still a net positive even if it is originally a net negative. (Hey! That sounds familiar!)50%
If we discount 3 as it's only a temporary thing, I'm not sure that someone trying to develop a strategy would rely on luck, which means we can rule out 2. Therefore, we're left with 1: "You might expect green or blue to get higher...." and I honestly don't think that's enough of an incentive to drop into red. Perhaps consider throwing a lifeline into play? Something like if you go in on red and the total of the red bucket is 33% or greater of the three buckets, then you have a 1 in 10 chance to get thrown a lifeline - ie your money stays in red bucket (minus your 1% bitshy rake of course). This gives the player an incentive to back the red bucket AND lures players away from green and blue because there's a 1 in 5 chance they won't get the winnings from red falling. I dunno. Maybe that's overcomplicating it and stupid.
Right now the estimated transaction fee is actually 0.4%, often less.
Yup - I was just throwing a number out there for the sake of illustration - didn't have the inclination to figure out the exact %!
Good stuff!
There are three reasons why you might still want to play in red in this situation:
- You might expect green or blue to get higher by the time red meets the threshold.
- You might be feeling lucky.
- There is a massive giveaway going on that means that playing in red is still a net positive even if it is originally a net negative. (Hey! That sounds familiar!)50%
If we discount 3 as it's only a temporary thing, I'm not sure that someone trying to develop a strategy would rely on luck, which means we can rule out 2. Therefore, we're left with 1: "You might expect green or blue to get higher...." and I honestly don't think that's enough of an incentive to drop into red. Perhaps consider throwing a lifeline into play? Something like if you go in on red and the total of the red bucket is 33% or greater of the three buckets, then you have a 1 in 10 chance to get thrown a lifeline - ie your money stays in red bucket (minus your 1% bitshy rake of course). This gives the player an incentive to back the red bucket AND lures players away from green and blue because there's a 1 in 5 chance they won't get the winnings from red falling. I dunno. Maybe that's overcomplicating it and stupid.
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5% Trans Fee (Est.)
Right now the estimated transaction fee is actually 0.4%, often less.
Yup - I was just throwing a number out there for the sake of illustration - didn't have the inclination to figure out the exact %!
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Sorry, this is an error with my description of the game! The reward is proportional to the amount of money you put in! Otherwise there really would be no incentive to bet more than 0.005.
I updated the description on the site.
I updated the description on the site.
Good stuff!