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...
I wont definitely join up or put even 0.01 on that lottery based games. 0.01 btc is way too high for a single ticket and comes worst you are expecting to have a 15,000 participant which is impossible even reaching out 50 participants would really be hard already since interest on lottery based games isnt really that high on this bitcoin world. Not only that basing on calculation you do earn 10 btc on each draw which is on 6.75%.