It could work, this is how traditional lotteries works, doing the math:
0.01 btc * 15000 users = 150 btc .
So, the winner receives 100 btc,
20 guys get 2btc = 40 btc
100btc + 40btc = 140 btc .
I suppose that the 10 resting btc are your profit?, right
0.01 btc * 15000 users = 150 btc .
So, the winner receives 100 btc,
20 guys get 2btc = 40 btc
100btc + 40btc = 140 btc .
I suppose that the 10 resting btc are your profit?, right
Yes, something like that - but my question is , is it not enticing enough to invest $0.01 to win 100 BTC with appx 15,000 contestants participating.
I've not played much lottery, neither an active user of Bitcoin - but given the fact that everyone trading is looking for a big return and risking their money anyway, a contest like this if not anything could be a lot of fun and excitement.
Would you not try to win 100 BTC with a 1/15000 chances ?
For me, I wouldn't even try to trust my money to a stranger unless you are really trusted. I will still prefer to play on dice with 9900x multiplier rather than playing lottery and wait for other people to fill that 150btc
You're InsurePal... extra caution and safety is expected of you. I'm talking about people with a little more appetite for fun..