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...
Someone like me would not do something like this as it is not different from playing a lotto where you get to buy a ticket for ridiculous amount and expecting to win big. It does not happen at all. The chances are to low for me to take because that would be 1/150000. I would rather give it a run where my chances are pretty higher and when I lose I am sure that I am in control.
Your services is one that would need a lot of trust to be won from members of the community because there is no one to guarantee that participants are not been cheated and 100btc for one person while the next twenty runner ups get 2 bitcoin each? I would prefer that the 100btc should be further broken down and if possible 10btc so the excess of the jackpot is further spread to other participants down to someone who will get .01btc with that you might get a fair amount of interested people.