Guys I'm working something, which I will definitely share with the community soon.
I've a very simple question to all traders and Bitcoin enthusiasts.
Would you be interested in taking part in a lottery where you can win 100 Bitcoins by investing 0.01 BTC?
Basic rules are as follows: Participation cost 0.01 BTC, 15,000 participants.. 1 winner gets 100 Bitcoins, 20 Runner up winners get 2 Bitcoins each.
I'm working on a similar concept - wanted some thoughts from you folks before I take it any further..
So will you invest 0.01 BTC to win 100 BTC? Yes or No and why...
No one will participate this shitty lottery with your newbie account, 0 trust and no one knows you are. So why people will invest 0.01 bitcoin to an unknown person ? You can easily run away with the participant bitcoins, easy money huh ? No, i will not invest my bitcoins to you.
Relax Steve, it is all a hypothesis still - just looking for some inputs from experienced folks like yourself.
Also let's say it is being conducted by a very trust worthy brand, then you think it will be worthy of participating? remember 1 Winner gets 100 BTC and 20 more gets 2 BTC each.
From a chances ratio, isn't this something worth betting on?