/biz/ - Business & Finance

Hello /biz/, I posted a day ago about organising a small bitcoin lottery game on this board. It seemed that general consensus was that people would participate if I streamed the process for transparency.

For those who didn’t catch the thread yesterday, here’s how it works:
Each player can buy one or more ‘tickets’ by sending the equivalent of $1 USD in bitcoin, (0.0004 BTC at the time of this post) to the following address:

1M4RUmbiSgnZBFSiXRpq6WQNNMKhB5beuj

You can buy as many tickets as you like to increase your chance of winning. Ticket sales will close and I’ll start streaming after enough tickets have been received. The winner of the lottery will be randomly selected from the tickets and will be sent a prize of 90% of the total funds raised by the ticket purchases.

I don’t have much coding knowledge so I’d like to just start out doing this manually. I’ll display the tickets on a spreadsheet with rows numbered 1 to n, where n=total number of tickets. Each row will contain the bitcoin address its funds were sent from. Using https://www.randomizer.org/, I’ll generate a random number between 1 and n, the resulting number being the ticket number of the prize winner. I’ll then calculate and send 90% of the total raised funds to the winner. This will all be streamed live so you can make sure I’m not shortchanging the winner/meddling with the selection process. When I’m ready I’ll post a link to the stream.

Let’s begin.