Topic: I have a dream - free bitcoin lottery with 1 million BTC prize (Read 67 times)
same wish i have. good luck for you bro
February 06, 2023, 07:02:50 PM
I was searching something and found your dream. It seems a good idea and can of course be done if we find enough people to participate and buy tickets. But finding 1000...0000 people to participate with 10 Satoshi each is kinda difficult.
Also a platform cannot be trusted with 1 million bitcoins. I believe even if freebitco.in collect 1 million bitcoin from users they can also rug.
So maybe it can be done once we got some Decentralised smart contract based approaches in Bitcoin. But still it would be difficult to collect almost 5% of total bitcoin supply in one lottery.
Also a platform cannot be trusted with 1 million bitcoins. I believe even if freebitco.in collect 1 million bitcoin from users they can also rug.
So maybe it can be done once we got some Decentralised smart contract based approaches in Bitcoin. But still it would be difficult to collect almost 5% of total bitcoin supply in one lottery.
December 05, 2021, 02:20:26 AM
I imagine that there will be a lottery that costs nothing to participants and makes the winner the (first) real bitcoin millionaire, the richest man of the world. Not one of the richest, but the richest one with no doubt.
The idea of this lotto is basically the same as https://freebitco.in/ : every entry will give some free satoshis and participants can play a Multyply-BTC lottery with these satoshis.
Only the maximum prize of the lottery will be 1 million bitcoins (contrary to only 20 bitcoins as in https://freebitco.in/ today). The probability of winning this huge prize will be about 1: 100 000 000 000 000 per entry.
Nowadays the biggest fiat lottery prizes are about one billion dollars. This bitcoin lottery will give out 50 billion dollars in nowadays BTC/USD exchange rate. But if the bitcoin will become the world first currency then the prize in fiat can exceed even one trillion dollars or TEN THOUSAND TONS OF PAPER FIAT (one 100usd bill weights 1 gram) - the winning amount that is worth its name !
The source of the prize money can be donation or advertisement incomes. As there are no bitcoin millionaires now then the number of donation-makers has to be more than 1.
I bet this project is worth the life work (in Estonian: see ettevõtmine on väärt elutööd).
The idea of this lotto is basically the same as https://freebitco.in/ : every entry will give some free satoshis and participants can play a Multyply-BTC lottery with these satoshis.
Only the maximum prize of the lottery will be 1 million bitcoins (contrary to only 20 bitcoins as in https://freebitco.in/ today). The probability of winning this huge prize will be about 1: 100 000 000 000 000 per entry.
Nowadays the biggest fiat lottery prizes are about one billion dollars. This bitcoin lottery will give out 50 billion dollars in nowadays BTC/USD exchange rate. But if the bitcoin will become the world first currency then the prize in fiat can exceed even one trillion dollars or TEN THOUSAND TONS OF PAPER FIAT (one 100usd bill weights 1 gram) - the winning amount that is worth its name !
The source of the prize money can be donation or advertisement incomes. As there are no bitcoin millionaires now then the number of donation-makers has to be more than 1.
I bet this project is worth the life work (in Estonian: see ettevõtmine on väärt elutööd).
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