Perhaps I'll just try the old fashioned way for now
Topic: Car raffle/lottery (Read 343 times)
Thank you so much for your help, certainly not negative at all - didn't think it would be easy by any means. Novel idea I thought though!
Perhaps I'll just try the old fashioned way for now
Perhaps I'll just try the old fashioned way for now
Would definitely be held for x amount of time and if funds not enough would be refunded.
I'm assuming that you say escrow for the added security? Don't have any personal experience with escrow but will certainly be willing to look into it.
I'm assuming that you say escrow for the added security? Don't have any personal experience with escrow but will certainly be willing to look into it.
Basically for anybody else, you are just a random person telling that you will give out a car. People have to take your word for it.
Bitcoin transactions are irreversible, so if you lied, people will just lose their money.
And that's where escrow will come into equation. The escrow will actually hold the money until you deliver the car. And the escrow will have to be a reputed member of the community.
Another problems you have to think about are the logistics. I assume you are from UK. But the people in this forum are from all over the world, you will be unable to deliver the car to any location.
Even the escrow is a problem, since in case the raffle is cancelled, the escrow will have to send back the money to quite a number of people. From my experience in this forum, this will not go for free.
And proving (to the escrow) that the car was delivered is something I also don't know how it can be done. (Remember, taking the word for it is not really a proof)
(Don't despair of my "negativism", I just try to make your life easier and urge you to make your homework in time.)
I was just thinking that the transactions could contain email address or the like (obviously would need some contact info), then a case of assigning a number to each transaction and using a Random Number Generator?
Is just an idea at the moment - certainly be more exciting than the usual hoi polloi that goes with selling cars!!
Is just an idea at the moment - certainly be more exciting than the usual hoi polloi that goes with selling cars!!
That can be easily achieved at the end: the winner can give the e-mail info and a signed message proving he owns the bitcoin address what has the winning ticket.
Thanks for the reply!
Would definitely be held for x amount of time and if funds not enough would be refunded.
I'm assuming that you say escrow for the added security? Don't have any personal experience with escrow but will certainly be willing to look into it.
I was just thinking that the transactions could contain email address or the like (obviously would need some contact info), then a case of assigning a number to each transaction and using a Random Number Generator?
Is just an idea at the moment - certainly be more exciting than the usual hoi polloi that goes with selling cars!!
Would definitely be held for x amount of time and if funds not enough would be refunded.
I'm assuming that you say escrow for the added security? Don't have any personal experience with escrow but will certainly be willing to look into it.
I was just thinking that the transactions could contain email address or the like (obviously would need some contact info), then a case of assigning a number to each transaction and using a Random Number Generator?
Is just an idea at the moment - certainly be more exciting than the usual hoi polloi that goes with selling cars!!
You will need to think on a way to escrow this, else your chances are slim.
And you may have to add some clauses like "the raffle will be hold if at lest NN tickets are sold; and if this doesn't happen until Day D, I will refund all".
And you may have to add some clauses like "the raffle will be hold if at lest NN tickets are sold; and if this doesn't happen until Day D, I will refund all".
I have an idea and am looking for advice and opinions.
I've decided to sell my car, it's nothing extra special - Audi A3 2.0TD (probably worth around £3500 - £4000).
Have fallen on hard times
Anyway, I had the idea of "raffling" it, a bit like a lottery.
Was thinking I could maybe sell each ticket for around 0.25 BTC and randomly select a winner!
The reasoning behind this is that hopefully I may get a little more than as with cash and potentially the winner could have used nothing more than an almost free payment (miners).
Just after your thoughts and opinions.
I am fairly new to Crypto Currency, but am aware that every transaction is view-able, so hopefully wouldn't be any trust issues?
Let me know your thoughts, cheers.
I've decided to sell my car, it's nothing extra special - Audi A3 2.0TD (probably worth around £3500 - £4000).
Have fallen on hard times
Anyway, I had the idea of "raffling" it, a bit like a lottery.
Was thinking I could maybe sell each ticket for around 0.25 BTC and randomly select a winner!
The reasoning behind this is that hopefully I may get a little more than as with cash and potentially the winner could have used nothing more than an almost free payment (miners).
Just after your thoughts and opinions.
I am fairly new to Crypto Currency, but am aware that every transaction is view-able, so hopefully wouldn't be any trust issues?
Let me know your thoughts, cheers.
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