Update July 19, 2014: Pre-Registration has begun. Visit www.100bit.co.in. There is a demo with a skeleton UI without DB connection.

Update April 5, 2014: Project Development Thread: https://bitcointalk.org/index.php?topic=558065.0

Preface: I'm a developer and as a developer I always dreamt of building interesting software business. But sadly I never got support from the bank to move forward with my plan. Now, Bitcoin has given me the freedom to dream again. I wish much more wider acceptance of Bitcoin in coming days.


Failure: My first Bitcoin project was a gambling game (www.100bit.co.in). Inspired by the success of SatoshiBet, PrimeDice etc. I chalked out a plan. I proposed the idea on the board and found a lot of people showing interest to the basic concept of a gambling on blockchain.info data (ref: https://bitcointalk.org/index.php?topic=455724.0). Today was the last day of the game and if you look at the game thread (https://bitcointalk.org/index.php?topic=471521.0), u'll instantly figure out that I was a failure in this project.


Learning: A lot of people can risk 0.01 BTC, but there should be an assured way for everyone of them to win back the bitcoin with profit. That is the reason Ponzi games are so successful over gambling ones !!! One of the participants in the game even mentioned it (https://bitcointalk.org/index.php?topic=471521.msg5287264#msg5287264)


Upcoming Project: I am planning to build a bitcoin club on www.100bit.co.in with the membership model in referral commission distribution. The club will have multiple online services, but membership will be on referral basis and referral commission will be distributed in the upward chain.

Following is what I have decided as of yet.

Membership: n BTC

Direct commission to referrer: x%

Indirect commission distributed in the upward chain: y%


Like the previous project, I want all of your feedback on this idea too. Can it take off ?