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Past Time for Lotteries for Limited Mint Issues …. How It Could Work and Not Work
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<p>[QUOTE="calcol, post: 4997893, member: 77639"]Likely the Mint will eventually institute a lottery system for limited issues. Folks could sign-in and get a lottery number assigned starting 2 weeks prior to sale deadline … one number per account. Then have one week after the deadline to check if they are a winner and buy. Then for any coins remaining due to failure to buy, go down list and allow new winners a week to buy. Continue until sold out.</p><p><br /></p><p>And yeah, dealers and flippers would still use hired surrogates to have more lottery numbers under their control. However, the likelihood of success of a particular surrogate would be less. The reason is the surrogates now probably get tips to maximize chance of success in the frenzy or may be provided with a script bot. With the right internet setup and a good script bot, the dealer’s IT folks can do it all … the surrogate does not have to get into the frenzy. They just have to receive the coin, if a winner, and turn it over to the dealer. With a lottery, the tips and bots lose their advantages.</p><p><br /></p><p>And yeah, ordinary folks like me would have relatives or friends get lottery numbers. Beyond limiting number coins sold to an address, not much can be done about that.</p><p><br /></p><p>I would guess the senior IT folks at the Mint aren’t too happy with the way it’s done now. Servers become more vulnerable to hacking if they are overloaded or crash. It may have happened already, which is another explanation as to why some dealers and eBay sellers have multiple coins to sell soon after the closing date. Although contracting surrogates and using script bots is more likely and legal. Some of the Mint’s web services are contracted to outsiders, including Facebook, so maybe the Mint IT dept doesn’t worry about it much.</p><p><br /></p><p>For those who like conspiracies: If their servers did get hacked for the purpose of allowing sales to whomever the hackers chose and the Mint discovered it, would they have much motivation to make it public? After all, the Mint got its money. Why go public with something embarrassing?</p><p><br /></p><p>Anyone know if any members of Congress are collectors?</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 4997893, member: 77639"]Likely the Mint will eventually institute a lottery system for limited issues. Folks could sign-in and get a lottery number assigned starting 2 weeks prior to sale deadline … one number per account. Then have one week after the deadline to check if they are a winner and buy. Then for any coins remaining due to failure to buy, go down list and allow new winners a week to buy. Continue until sold out. And yeah, dealers and flippers would still use hired surrogates to have more lottery numbers under their control. However, the likelihood of success of a particular surrogate would be less. The reason is the surrogates now probably get tips to maximize chance of success in the frenzy or may be provided with a script bot. With the right internet setup and a good script bot, the dealer’s IT folks can do it all … the surrogate does not have to get into the frenzy. They just have to receive the coin, if a winner, and turn it over to the dealer. With a lottery, the tips and bots lose their advantages. And yeah, ordinary folks like me would have relatives or friends get lottery numbers. Beyond limiting number coins sold to an address, not much can be done about that. I would guess the senior IT folks at the Mint aren’t too happy with the way it’s done now. Servers become more vulnerable to hacking if they are overloaded or crash. It may have happened already, which is another explanation as to why some dealers and eBay sellers have multiple coins to sell soon after the closing date. Although contracting surrogates and using script bots is more likely and legal. Some of the Mint’s web services are contracted to outsiders, including Facebook, so maybe the Mint IT dept doesn’t worry about it much. For those who like conspiracies: If their servers did get hacked for the purpose of allowing sales to whomever the hackers chose and the Mint discovered it, would they have much motivation to make it public? After all, the Mint got its money. Why go public with something embarrassing? Anyone know if any members of Congress are collectors? Cal[/QUOTE]
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