Can someone create a Quiz game, like we see with these SmS type quiz games, where each entry are being paid for by the participants and then all entries goes into a final Pot and the winner or winners are chosen from this pot. The system should be totally transparent and the draw provably fair. So, has this been done before or would this be unique? Entry to this should only be a few 1000 Satoshi's to allow for the poorest people to participate.
The more questions answered correctly, would increase your changes to win the big pot or one of the smaller prizes.
Each question should have a 5 second timer, to eliminate "Google" help.
< Most questions should be Bitcoin based, to increase people's knowledge about the subject > A incorrect answer, will not disqualify you from the Quiz, but will not be eligible as a entry ticket. So for every correct answer, you will receive a additional entry ticket.
Paying for every entry, will prevent spam and guessing and multiple entries to get more correct entries. < We should have 1000's of questions to prevent duplication >
This can be both educational and also beneficial for the Bitcoin adoption rate, if this takes off and the prize pot grows to say $100 000 < Just an example > This will garner a lot of media attention, if it goes viral.
What would the legal requirements for this kind of project be, in your opinion? We will have a lot of issues with underage participants, but I doubt if this can be labelled as gambling. Please feel free to give your inputs and suggestions.
What do you think, will this work? ^smile^