Post
Topic
Board Bitcoin Discussion
Re: Will you buy lottery online in bitcoin payment?
by
ubuygold
on 05/05/2019, 12:09:00 UTC
It is not like other lottery programs, we'll buy a lottery ticket in a physical store after you placing an order and then give your money back via blockchain if you winning a reward.

anybody can go out and buy a lottery ticket for themselves with their own money without needing a third party to do it for them. also without the risk of involving another person in it! then if they won the lottery they can simply buy bitcoin with the reward if they choose to!
so what is the point of your service?

Thank you for your reply!
You cannot buy lotteries from other country or region. In fact, there are some third-party sites doing the same thing like us, but they usually have a high processing fee(and they won't tell you that). So I'm planning to make it cheaper by blockchain.

ok, that makes more sense with this explanation.
now the only thing left is to come up with a way to make people trust you by guaranteeing them their winning amount in case they did get lucky and won the lottery. and that is going to be hard.

It's really hard to prove it. We need to buy a real lottery ticket from a physical store after a customer place an order from our site. That means we must touch the money(or coins) in the whole process and we can't put all things on chain(cause it involves legal currency transactions). So we can only make all the transaction records public and queried. If you have any advice for that, just reply here. And thank you.