A lottery is generally defined as a promotion in which all three of the following elements are present: PRIZE, CHANCE and CONSIDERATION.
PRIZE: Anything of value awarded to winners: cash, trips, cars, or merchandise for example.
CHANCE: Winners are selected by a random process (i.e., drawing, seeded winning objects, pre-selected numbers)
ALL 3 MUST be present: Prize + Chance + Consideration.
My model does not include "CHANCE" whatsoever.
Your model does not include any chance at all?
I think you are implying chance has to be a "random" drawing, which is not the case.
I am not guaranteed to win if I participate. There is a chance someone else will win. I cannot control other's actions to eliminate this chance.Just read up on the rules for giveaways - otherwise your domain will probably be seized. Of course, you would be out nothing other than your time if this happened, but everyone else who participated would have lost their consideration. If this type of lottery/raffle/etc was legal, everyone would be doing it.
Thanks for your ongoing support in making bitcoin a legitimate currency.
Edit: I located the following:
According to 12 USCS § 25a , “lottery" includes any arrangement whereby three or more persons (the "participants") advance money or credit to another in exchange for the possibility or expectation that one or more but not all of the participants (the "winners") will receive by reason of their advances more than the amounts they have advanced, the identity of the winners being determined by any means which includes--
(A) a random selection;
(B) a game, race, or contest; or
(C) any record or tabulation of the result of one or more events in which any participant has no interest except for its bearing upon the possibility that he may become a winner.
In a race between you and 9 other people, there's a chance the you may not win, ergo a lottery since chance was involved.
Here's a better example gleaned from a company in the US:
https://simplora.com/affiliatesSimplora is a debt-free company located in South Florida. Our mission is to make website/funnel building as simple as possible for the average user
...
Every month, the top 3 affiliates will receive special prizes. These can range from Tayroc Watches, smartphones, tablets, computers, and even all expense paid vacations
Is that considered a lottery because there's a chance ALL others participating in the referral program can't win the top prizes?
How about some crypto examples ...
https://bullsoncryptostreet.com/become-an-affiliate/You will have a chance to win prizes for your effort along with your commissions. We will have competitions during launches and random prize giveaways for our top affiliates.
Personally, I don't like that one cuz randomness is incorporated, something I will NOT do.
https://coldstoragecoins.com/pages/become-an-affiliateWhen you become a top selling Cold Storage Coins™ affiliate, you’ll be eligible for exciting contests and prizes. As the Crypto market matures, the demand for secure cold storage does too, and becoming a top affiliate is within your reach.
http://cryptoaffiliatechallenge.com/Bonuses & Prizes Paid in Crypto!
You not only receive commissions on revenue you generate, you are also eligible to win prizes and bonuses when you reach milestones. Login to see breakdown of bonuses and prizes.
I consider this one an illegal lottery:
https://bitcoinmagazine.nl/2018/06/win-a-lamborghini-in-cryptics-giveaway/?lang=en (they even state it's a lottery, of which Bitcoin Magazine promotes).
Here's the best example:
https://coinidol.com/nagezeni-lambo-giveaway-will-entice-you/One lucky champion will be rewarded with nothing less than a Lamborghini Huracan for the best trading volume, while the couples of exclusive and super expensive watches and 160.5 ETH are going to the rest of the 1000+ winners. The more NZE tokens users will trade, the better prizes they will get.
Ouch! Imagine tens of thousands of other traders unable to
control other's actions to eliminate the chance to be one of the top 1,000 traders.
Seriously, VOD, my proposed project IS NOT considered a lottery by any stretch of the imagination.
Peace, bud.
Bruno
PS: @Others, please weigh in in favor of VOD or myself re the lottery issue. Thanks in advance for your anticipated input.