Topic: Powerball btc (Read 202 times)

Talking aside on the things that you've been saying about launching  a powerball based site then we do have currently some platforms which do have that lottery type of game on which it is really just that there's not too much of a demand if we do speak about numbers of those people who do really play lottery. It does have that less interest and this is why they dont really that easily survive
and now we are seeing them that being attached with those known casinos now but not really that solely focusing into that. We do have that options that we could be able to play into those known
casinos on which it wont really be shocking that sole based lottery sites doesnt last long.

This is  why we dont really see  this type of games being offered into this market because there's no such demand. If they would really be tending to bet on lotteries
then for sure they would really be coming or would be doing such thing into their local lotteries.

there have been others that tries to create and operate lottery and up until now there is a existing
Lottery thread here but they did not gather enough support from the community , maybe because it is harder t
o trust about the funds to go specially most of those who started the site are newbie account? and not even
using escrow at least to assure possible bettors of safeties when they won?
but if you are confident enough mate then why not right? try to open your own powerball
and lets see what would be the response of community , good luck though.

I don't know whether it's a good idea or not but you'll find out after you've created the site. Maybe my suggestion is that you should have other gambling games so that you don't just have one gambling game. It might seem boring if a casino only has gambling games.

And if you can, adding it with altcoins would be a good choice. Moreover, Bitcoin transaction fees have not yet gone down again. That might make gamblers want to try playing the lottery. But that's up to you. That's just a suggestion.

The important thing is that the system is clear and fair, and people can easily buy. And the ticket price is also not expensive. Maybe $0.1 is still acceptable

I don't think something like this would work because even if you send a digital ticket, in the scenario where the user wins he will not be able to claim the prize with his digital ticket, while you will be holding the real ticket and able to claim the prize for yourself.

I mean, the idea is cool, i would love to be able to buy Powerball tickets with BTC, but you need a clean and fair process for the users if you want to run something like this.

Now I understand why they are not as sustainable as they ought to be. The doubts about the fairness warrants distrust and when that happens, there is every possibility that the outcome of the results might be manipulated or altered by those in charge to suit their own agenda.

Since that is always the result and what they have conditioned the mind and thoughts of players to, the players have decided to do away with Powerball which possibly results to the low turn up of participants.

If it were possible, anyone starting up such should be fair and transparent enough to convince players that the outcome or results of their game is truly what it ought to be.

I certainly agree with this, with plenty of addictive games online, people won't risk their money when reputation are in question. AFAIK, lottery are only popular when it's state sponsored, but from someone or a company that would start to make its reputation in the crypto gambling world, that's a tough journey to make as the kind of game isn't marketable anymore.

@Bill buffalo, I know you read some negative comments, it's not something to discourage you but to tell you the truth about your plan. However, if you really want to pursure, please consider doing a calculated risk.

This is probably the 1000th forum thread about Bitcoin/crypto lotteries. Do you really think that your idea is groundbreaking and original?
1000 people have discussed the idea of a Bitcoin lottery before. You don't add anything new to the discussion.
What do you mean by "fully legal backed by the BTC community"? This sounds like nonsense to me. The BTC community cannot "legally back" anything. It would be nice, if someone creates a truly decentralized crypto lottery, but it's not going to happen anytime soon. By "truly decentralized" I mean a lottery, where you don't have to trust a third party with your crypto and the way winners are picked is truly transparent and proven to be completely random.

Lotteries are a no-go in the crypto gambling scene. A lot of people will argue that the game will be rigged and there is no way to confirm its legality, nor the authenticity and integrity of every draw. There had been lots of similar ideas in the past that simply didn't work out because the community understands that this is not something that is going to work nor win them money.

People will certainly stick to casino games though, as they think that these platforms are legitimate enough to not on them of their money due to their licensing and all those kinds of stuff. There are no guarantees of winning on casinos either, but the odds of people winning on them is kinda high compared to lotteries.

There might be a reason why it did not work out. Maybe there is no way to truly make it random unless its a physical drawing of the winning numbers? I have no idea why lotteries are not more popular. As some posters have already pointed out, there are a plethora of reasons why people are more prone towards the physical version rather than a digital one.

Personally, I have no interest in lotteries. The chances of winning is really small and just not worth it, when you compare the chances of winning with other games like dice or slots. And it is not really all that fun. With other gambling games at least you are engaging the game and getting entertained. Where is the entertainment in lotteries?

Are you making an offer like that of games and rounds or it's something related to lotto and the likes, but whatsoever thing it may be, I will suggest to you that you work on how you can be trusted of which I see that you're already having a difficult issue on that, your trust ratings speak of it all, if not I would have recommend that you buy a corper membership rank to help you with doing other necessary things.

The idea you brought up is good but the form of gambling you selected is something 98% of all the crypto gamblers of this forum are not trusted and the majority of projects that provide such service in the crypto world suddenly vaporized because of less attention. Besides, I still have some of the project tokens in my personal ETH wallet.
If you could choose a different game, especially the sports prediction which all the funds will be held by the forum escrow I believe the community members will be happy to join. However, everything thing and that includes the game thread should be handled by high-rank members based on your profile tag.

OP doesn't need to do his research, @Kakmakr already explained why the lottery isn't so popular here on the forum, just a few posts above yours. Too many doubts about the fairness of the draw, so these kinds of tries never have enough people who are ready to join and play. And for BTC Powerball you need a lot of players:


Here I can see a similarity with poker, too many people are ready to talk about it here, but when it comes to actually playing just a few will join the game. It's the same with lottery (and maybe with some other gambling games as well), people will talk about it, but when it comes to depositing and playing many will just back off.

OP you have a good idea to bring such to this platform. Already, there have been some of such which did exist in the time past on this forum and I am sure something caused their closure or inactivity here.

You should do your own part, it would be nice you not wait or depend on the response from members here but rather conducting your own personal research would give you more details and insight to what really happened to them before they became inactive. That alone would help you know what to do so as to be active and regular on this platform. Although I have read through posts here and we they are all correct so the ball is in your court.
Go do your own personal research.

I am well aware that bitcoin serves many purposes and one of them is for it to be used as a digital currency so if we were to buy tickets with bitcoin well it makes sense but you also have to consider if as of the moment, will this be the wisest option?

right now a lot of people see bitcoin as an investment hence why they just keep on holding bitcoin if i were to just play the lottery why would i choose to sacrifice some of my bitcoin considering the very high transaction fees anyway this is just my personal opinion maybe someone who has a lot of bitcoin and takes lottery very seriously might be into your idea

You will really have to go the extra mile to convince people that your Lottery are provably fair, because most Lottery systems out there are rigged. (pre-recorded draws / weighted balls etc.)

There has been a lot of users that has tried this and it has failed every time. There has even been an on-chain lottery on the Blockchain and it was rumored that those casinos were rigged by Miners. 

Perhaps you are not aware of it. But there are already Lotteries within the community of crypto gambling, for example: Stake has a weekly lottery where there give away thousands of dollars to the fortunate winners. The tickets are acquired by gambling and are accumulative for the same lottery each week. There are other examples of casino which do that, like FreeBitcoin.
IN general, it would be difficult for someone like yo to represent a competition for those big casinos a services and take a minimal cut of the market for yourself. Those casinos and webpages already have a big reputation built through the years and they offer enough money to the winner for them to sell much tickets for their lottery, for someone who is just starting, it would take much time to accumulate that money and sell all the tickets and unfortunately most of gamblers are not going to participate while there are quicker and bigger options (like those I already mentioned).

It is good you want to start your own service, but beginning the way you just described is too harsh, unless you have gotten a big bankroll to begin with. Whatever you do, good luck and happy new year.

Yeah, very much agree with you bud, the idea of building a powerball casino that will be centered to bitcoin and possibly, cryptocurrencies are large, is definitely a good idea, I mean, this is business that is doing really well in the real world, outside cryptocurrency, and since money is gradually becoming, or going digital rather, I do not see any reason why a bitcoin and or crypto powered power ball won't be a huge successful business if the person who has the plan to start it up also have enough money to fund the project from beginning to finish, and as well spend on marketing the product not just in forum but also, to the cryptocurrency community at large.

It's an idea I also buy into, but like I said, it requires money in the initial beginning, anybody having a plan to build this must be buoyant financially - and happy new year to you too bud, and to every one else reading.

There are casinos that have that already but I do not think encouraging the community to join will help. It just so happen that each of us have preferences.
With what I have seen with powerballs or lotteries, they do not get much attention and if you are the developer of it, you will have difficult time to develop it.

Possible but I hope Crypto community is careful enough to not fall into a trap like this again. If it's a new company into the market of Powerball, why would the potential customers trust the company? Could easily be an exit scam where the company just collects the funds and disappears. Looking at the fact that you tried to get a loan as a newbie, hopefully there's not malicious intent in your approach.

Maybe you should try to make your own algorithm to draw the lotteries. Though there are hundreds of games out there which are based on same principle of drawing the tickets and then choosing the winners. The issue with your idea is to legally connect air-gap between real powerball game and bitcoin transactions. You will have to make sure you get franchise to distribute the tickets to users. You will also need aggregator who will be able to sell tickets with Bitcoin enabled payment processor. Think about their fee structure, your commission and also if someone win from the tickets sold by your end will get payback in BTC. However it may happen you will be paid out in USD by the vendor. You will have to make conversions, look for payments conversions etc. I dont know if I am thinking this correctly but that would be the roadmap for sure.

Its true on which most sites now does have that kind of game option on which they do have lottery, it might not be completely the same on how powerball works but really needing to choose up and
find out on what are those number combinations so that you would be able to hit up the jackpot. We do know that in todays companies on which they are really that
offering a wide variety of games on which includes lotteries on which there's no way that we can be able to see as of this moment a lottery only dedicated kind of site
on where most of them does have tons of games on which it could give out someone an option on which are the type of games that they are betting into.

It is a good idea. Even the first Powerball casino website in the forum is no longer working again and I also try to find out if there is out there but none so if you have the idea to start it, you are good to go. But if the user who brought Powerball casino to the forum at that time is still active you can ask him what really happened that the casino was stopped working or the signature campaign manager at that time so that when you start yours, you would know the areas to avoid. Everything is idea and planning. Happy New Year to all.

In my opinion, whatever type of gambling or betting you want to implement or develop, especially the main thing you want to do with Bitcoin, in my opinion it is legal and it is a good idea in my understanding.

In essence, whatever type of payment method with Bitcoin you want to make, tickets and so on, especially in electric soccer betting, if it can benefit the players and act honestly and responsibly, I think that's normal and can be accepted by the community here.

My understanding is to do whatever you like in any feature on your gambling site with Bitcoin, it's not a problem for that.

It will really be a nice idea, but have you considered the amount that the gambler will spend just to place a successful bet and the time it will take for one confirmation to go through? It won't really be worth the stress compared to how small someone might want to start up in a new game like that.
 
The bitcoin fee is really crazy right now. Just imagine if I want to place a $10 bet and I have to pay $5 as a fee in order for my transaction to go through, and before the deposit arrives, I might have even lost appetite for the game, which is not really a good thing at all. So for the main reason that the bitcoin network is congested, I don't think it will be profitable to run a bitcoin-only casino.

As others have said, this is not the first time that we have heard this kind of idea, but if you think that you can compete or at least be different from crypto casinos that have been this kind of games already, then do it.

Also if I may add, you have this idea so why not go for it? Who knows, maybe there is competition but if you can stand up then gamblers here might go and bet on your game. And as the saying goes, the more the merrier, so at least we can see options and not just play on casinos that has the Powerball. And besides, if we feel unlucky on some casinos or platform, then we might look at your games.

Most of the casino has a lotto feature now on their house game or from a 3rd party game provider. I’m doubtful that someone will choose to play on your casino that offers only single game. Besides physical powerball is less hassle when it comes to trust and the rewards is very massive compared to what you are offering.

If the only difference is just it use Bitcoin then I don’t see the point why people will choose your game over the traditional one with much higher jackpot prize. I’m sure you are just using pot prize pool for the game rewards.

As @Oilacris already said, lottery sites have not been successful in this forum and probably on the entire internet and the reason for many online lottery sites failing is because in the real world in most countries where the Christian religion is dominant, there are reliable lottery companies and lottery tickets are very cheap and accessible to everyone over 18 years of age, so people can buy lottery tickets on any corner of the neighborhood in which they live. Therefore, no one would stop buying a lottery ticket close to home to go buy a lottery ticket on the internet and on a new website that does not know who owns the website.

Another negative point is that even people who already have cryptocurrencies will choose to play slots, sports bets which are things where they have a greater chance of getting it right and winning money than buying lottery tickets online which are unlikely to win and also hardly see websites of online lottery giving jackpot of millions of dollars to the winner, this is because online lottery ticket sites are very limited in financial terms. So the owners of these online lottery sites choose to create a simple layout and very low jackpot. This and other factors that I mentioned do not attract people to buy tickets and participate in these lotteries

I believe that even people who have crypto prefer to use fiat in the real world rather than buying a real world lottery ticket which has offered a lot of money to the winner and is always being managed by very trustworthy companies. In my opinion, if you want to get into this online lottery business, then do a lot of research before investing your time and money in this business and then having regrets when it doesn't work out.

There has been the same idea that existed last 2019 but not already active now. So I guess you can run your own to as there's no such kind of gambling platform active now in bitcointalk

You might want to take a peek on the thread I was referring.

Powerball, Mega Millions at MatchBillion.com - Millions in Jackpot + 2 BTC 

So its just simply a lottery. Try to look into this gambling board alone and filter out to those lottery based sites or platforms. What can you see? For sure you would really be coming back and telling that
all of them are gone.Why? due to lack of recognition and demand on which it isnt really that shocking considering that interest of lottery games here on this forum is just less.
Legal backed? How you would be doing such thing? Escrowed? there would be no assurance that the money is 100% safe. The only platform i do saw on which lottery is legit
and can be trusted is into that Freebitco.in thing which its been running  for long years now.

I was thinking of starting something like a Powerball it basically follows all the same rules with the exception that the tickets are digital and instead of paying with dollars you would pay with BTC it will be fully legal backed by the BTC community would anyone participate in this is just a questioneer I want to hear peoples opinions