Nice concept but i am little confused about the price of each ticket, it says to send more than 100 bits to get valid ticket but what will happen if i send 1000 bits, will i get 10 tickets? Sorry if this question is already answered above as i don't have time to scroll the whole thread.
You didn't read the OP clearly, did ya? Every satoshi sent is one ticket, although there is a minimum of 10,000 satoshi/tickets (100 bits) you can buy each transaction, probably to stop dust tx's.
For every satoshi you send, you get 1 ticket.
P.S. @ryan Do you currently have any projects you're working on? Your ideas are quite creative and unique, but it seems like you have a habit of selling them
(except for the case of BaB)