\[RIP\] BitGrenade
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Has anyone done the math on this game? The owner is making a fucking fortune with every purchase. 40% interest, yet the price doubles? That means his take is 60% on every purchase. Never mind when they go boom and he takes 90%…
This game could be SO much better…
Here’s my thoughts.
- Higher interest. Like 100%. The website owner can make his profit when they go boom.
- Purchasing of timer resets. Own the grenade? It’s about to explode? Spend 10% to reset the timer.
- Chat box.
- Login accounts so you don’t have to keep putting in your address, and can deposit coins ahead of time allowing for 1 click purchases.
From the looks of things the game is dying, but if it was made more attractive to play, I bet more people would get in on it.
In the meantime I’ve created #bitgrenade on freenode to serve as the chat box. Come join me there.
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[quote name=“Kevlar” post=“13842” timestamp=“1371072629”]
Has anyone done the math on this game? The owner is making a fucking fortune with every purchase. 40% interest, yet the price doubles? That means his take is 60% on every purchase. Never mind when they go boom and he takes 90%…This game could be SO much better…
Here’s my thoughts.
- Higher interest. Like 100%. The website owner can make his profit when they go boom.
- Purchasing of timer resets. Own the grenade? It’s about to explode? Spend 10% to reset the timer.
- Chat box.
- Login accounts so you don’t have to keep putting in your address, and can deposit coins ahead of time allowing for 1 click purchases.
From the looks of things the game is dying, but if it was made more attractive to play, I bet more people would get in on it.
[/quote]there’s a thread on bitcoin talk where the creator (vipah, or something along those lines) actually goes through the math because one player got all pissy they lost their FTC. He does a comparison with other hotpotato/bitgrenade games - haven’t gone through the math in detail but it looks sound
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[quote name=“sp495” post=“13844” timestamp=“1371072847”]
[quote author=Kevlar link=topic=1282.msg13842#msg13842 date=1371072629]
Has anyone done the math on this game? The owner is making a fucking fortune with every purchase. 40% interest, yet the price doubles? That means his take is 60% on every purchase. Never mind when they go boom and he takes 90%…This game could be SO much better…
Here’s my thoughts.
- Higher interest. Like 100%. The website owner can make his profit when they go boom.
- Purchasing of timer resets. Own the grenade? It’s about to explode? Spend 10% to reset the timer.
- Chat box.
- Login accounts so you don’t have to keep putting in your address, and can deposit coins ahead of time allowing for 1 click purchases.
From the looks of things the game is dying, but if it was made more attractive to play, I bet more people would get in on it.
[/quote]there’s a thread on bitcoin talk where the creator (vipah, or something along those lines) actually goes through the math because one player got all pissy they lost their FTC. He does a comparison with other hotpotato/bitgrenade games - haven’t gone through the math in detail but it looks sound
[/quote] is there a chance you could find the thread and link here? Thaaanks! -
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[quote name=“sp495” post=“13866” timestamp=“1371076416”]
https://bitcointalk.org/index.php?topic=216499.0found it!
[/quote] nice arguments, thanks for sharing! -
[b]Balance: 190.9 FTC[/b]
Transactions in: 67
Received: 1915.62 FTC
Transactions out: 56
Sent: 1724.72 FTCMathGrenade!
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Cheap grenades just waiting to be bought. When someone else starts playing I’ll join back in, right now it looks like no one can play :-[
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Jump on my hand grenade please!! Only 34 FTCs.
Though as the game is going thats probably 34 FTCs being thrown away.
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[quote name=“iawgoM” post=“13992” timestamp=“1371104697”]
Yup, we should make our own - with much less risk for players, but still a good chance to win (meaning - “we” don’t keep as much profits, but give most of it back to players). What we actually earn, we can direct to regular lottery winnings or something like gifts for newcomers…
[/quote]bitpotato.com has a much more fair consolation system, we should get them to accept FTC. They only accept LTC at the moment.
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[quote name=“digichris” post=“14250” timestamp=“1371145528”]
[quote author=iawgoM link=topic=1282.msg13992#msg13992 date=1371104697]
Yup, we should make our own - with much less risk for players, but still a good chance to win (meaning - “we” don’t keep as much profits, but give most of it back to players). What we actually earn, we can direct to regular lottery winnings or something like gifts for newcomers…
[/quote]bitpotato.com has a much more fair consolation system, we should get them to accept FTC. They only accept LTC at the moment.
[/quote]If you read what sp495 linked on here then you would know the truth, a quick summery:
[quote]Thermite Grenade 2x Multi and 45% interest.
Price Purchaser Profit Site Proft
5
10 4.5 .5
20 9 1
40 18 2
80 36 4
160 72 8
320 144 16
640 288 32
1280 576 64
2560 1152 128
EXPLODES
Total site profit: 255.5
Consolation of 5% of purchase price: 2560 * 0.05 = 128Actual site profit: 255.5 - 128 = 127.5
Meanwhile sites like BitPotatoe give you 45-50% of “When the timer expires the last owner recieves a percent of all the round’s profits”
Which in this case would be 50% of 255.5 OR 127.75 .
In other words…the same.[/quote]
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[quote name=“Markus1337” post=“14265” timestamp=“1371147261”]
[quote author=digichris link=topic=1282.msg14250#msg14250 date=1371145528]
[quote author=iawgoM link=topic=1282.msg13992#msg13992 date=1371104697]
Yup, we should make our own - with much less risk for players, but still a good chance to win (meaning - “we” don’t keep as much profits, but give most of it back to players). What we actually earn, we can direct to regular lottery winnings or something like gifts for newcomers…
[/quote]bitpotato.com has a much more fair consolation system, we should get them to accept FTC. They only accept LTC at the moment.
[/quote]If you read what sp495 linked on here then you would know the truth, a quick summery:
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I see, I thought bitpotato paid a flat consolation like bitgrenade…
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What if there was some sort of jackpot which randomly paid out a certain percentage to a few people when they bought a grenade and the chances to get extra coins increased the higher the price of the grenade got.
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[quote name=“meetrat1” post=“14593” timestamp=“1371196469”]
What if there was some sort of jackpot which randomly paid out a certain percentage to a few people when they bought a grenade and the chances to get extra coins increased the higher the price of the grenade got.
[/quote]I’ve had an idea for a variant game, once I flesh out the details I’ll post to see what the community thinks
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…annnnnd it’s done! Goodbye, bitgrenade.net.
Thanks for the many memories, some of them fond, but really you won’t be missed.
Good bye and good riddance.
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[quote name=“Kevlar” post=“14943” timestamp=“1371235914”]
…annnnnd it’s done! Goodbye, bitgrenade.net.Thanks for the many memories, some of them fond, but really you won’t be missed.
Good bye and good riddance.
[/quote]A fitting eulogy. We’ll never forget, but tears will not be shed. ;)
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Shame about the site though, oh well, was good fun 8)
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[quote name=“Markus1337” post=“15046” timestamp=“1371244017”]
Shame about the site though, oh well, was good fun 8)
[/quote]Onward and upward my friend. If they want to innovate, they’ve got a built in user base that I’m sure would be interested in playing again.
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I made one last buy as a farewell under the name “BitGrenade”. So, the result (if no one buys) should be fitting in 8 hours.
Sad. Was fun.