Quote from: adaseb on November 30, 2017, 08:00:43 AM

So you are basically thinking of forming some "Legit Ponzi" gambling scheme.

Basically exactly like a Ponzi scheme except you know its a scheme and gambling so it might be somehow legal.

Basically 10 people send some BTC and the last person gets nothing after a certain period of time while the first 9 get equally divided up portions.

Is this what you are thinking?

10 people will send BTC but only 3 will be picked as the winners and they'll split the 90% of the total amount the remaining 10% will go to the house.

What OP wants is to make a blockchain based lottery. I'm not against it but it'll be expensive for those who want to bet with a small amount.

Quote from: thirdprize on November 29, 2017, 08:07:22 PM

Quote from: badulkin on November 29, 2017, 03:12:00 PM

You want to put each bet to blockchain? What about transaction fee?
Now it 30000 sat per transaction. It's too much.

That's a bit much. You can add whatever fee you want.

What if the confirmation takes too long ?