Supercrypt
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April 07, 2019, 08:14:33 PM |
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Well, the owner of the website and the creator of this topic was last active on April 3 which means he does check around time to time. He just commented on the fact that they are now taking fiat currencies for it as well which means just 4 days ago they have added a fiat option, for someone who adds fiat option as payment for a lottery to win lambo just 4 days ago I doubt they would be not keep going with it.
Why would they leave just 4 days after adding fiat payment, I mean if you are questioning the provably fair and trust of the project that is another topic and you can definitely ask that but not continuing with the project is probably not the case, they are active. From msn to top great to guardian they have been published about and I believe it will be going on until the money is all collected.
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Pamadar
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April 07, 2019, 08:27:09 PM |
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I say go for it as long as this contest is run transparently as other posters have mentioned. There should be a way for participants to tally all of the funds and the distribution.
The question in here is, is this contest still runs? Can anybody confirm that this contest is still on going or not? Only OP can answer and verify this question, we need to wait for whoever representative to answer all those questions regarding to to this contest /draw as we can see that Bitcoin once again is trying to rise up,good chance for OP bring some updates here.
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Ailmand
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April 07, 2019, 10:32:05 PM |
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I think that taking your chance to win such prize in a lottery would be great. The price of the ticket is fixed at a certain amount? The price of crypto varies from timw to time so I guess the price of ticket paid via crypto should depend on the current market price. The lottery should also be provably fair, not just a random draw.
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wwzsocki
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April 07, 2019, 10:48:55 PM |
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Is this already life and I can buy this ticket or is this still only a plan and OP wants to talk about this with the community?
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wwzsocki
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April 07, 2019, 10:55:08 PM |
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Is this already life and I can buy this ticket or is this still only a plan and OP wants to talk about this with the community?
I just couldn't believe it and check the story about the house raffle and it seems to be the truth. There are media coverages and many ongoing raffles on the provided by the OP page but not only I found a few services which are selling such tickets in many different raffles from homes to cars and everything in between. I don't post links here because I am still not sure if this is not a scam. What do you think?
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STT
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April 07, 2019, 10:58:56 PM |
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Is this already life and I can buy this ticket or is this still only a plan and OP wants to talk about this with the community?
So far as I know its legit, when I first took a look at it the whole thing seems to be in line with the previous lotto. Whether its good value is another matter but a few tickets are hardly a big deal. Its a boring reality that you are probably better off gradually saving all your pennies, all the money you might waste on lifes unnecessary expenditure and put it towards a nice car. It will take most of your life perhaps but quite a few will one day be able to afford the luxury motor at some point and also meanwhile you might get interest on the money. However I dont think its such a bad thing as a one off, you could say its very likely legit because its profitable and the motive to run this lotto for the lambo is open and clear in that profit. Same for other types of gambling, so long as they get the sales then actually not being legit is the stupid choice when regularly running a gambling operation makes money simple as that
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wwzsocki
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April 07, 2019, 11:44:33 PM |
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So far as I know its legit, when I first took a look at it the whole thing seems to be in line with the previous lotto...
I keep thinking if there are no limitations to some countries which can participate. If somebody from another end of the world wins such a raffle is there no problem with the regulations? I don't know if a citizen from every country can own a home in UK or USA, I don't think so and I haven't seen any limitations for some countries on the page provided by OP.
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STT
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April 07, 2019, 11:57:06 PM |
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You own the home, you just might not have the passport to live there. Its common in the UK for property to be owned by foreigners (at least some areas), its considered a good investment due to long term gains that have occured in UK. There is a growing population unlike some countries and despite all the worries in the news recently its one of the worlds richest and safest places to own property or many assets. I believe London property is popular with Chinese investors, its complained about perhaps but theres no law against simple capitalist ventures like that. Investment is a positive and part of capitalism, theres no real negative or reason the lotto of that type couldnt pay out so far as I know - private property in protected in law and you'd have to be some kind of criminal to be treated differently even foreigners have legal rights to own afaik. Law cases are often settled in UK for these reasons, finance is favoured here in a similar way and they dont just curse or mistreat foreign owners because they can as its literally going to damage revenue for government, its a point of pride put it that way. Worst case is they put it up for sale and deal with perhaps storage costs on the Lambo meanwhile, still a win
UK has an advantage over USA for housing, no taxes on empty addresses. I think USA might have the better weather for long term car storage though, I presume a Lambo is indoors most of the time anyway though
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wwzsocki
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April 08, 2019, 12:37:11 AM Last edit: April 08, 2019, 12:51:16 AM by wwzsocki |
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You own the home, you just might not have the passport to live there. Its common in the UK for property to be owned by foreigners (at least some areas), its considered a good investment due to long term gains that have occured in UK. There is a growing population unlike some countries and despite all the worries in the news recently its one of the worlds richest and safest places to own property or many assets. I believe London property is popular with Chinese investors, its complained about perhaps but theres no law against simple capitalist ventures like that. Investment is a positive and part of capitalism, theres no real negative or reason the lotto of that type couldnt pay out so far as I know - private property in protected in law and you'd have to be some kind of criminal to be treated differently even foreigners have legal rights to own afaik. Law cases are often settled in UK for these reasons, finance is favoured here in a similar way and they dont just curse or mistreat foreign owners because they can as its literally going to damage revenue for government, its a point of pride put it that way. Worst case is they put it up for sale and deal with perhaps storage costs on the Lambo meanwhile, still a win
UK has an advantage over USA for housing, no taxes on empty addresses. I think USA might have the better weather for long term car storage though, I presume a Lambo is indoors most of the time anyway though
Thanks for this explanation and indeed it makes more sense to me now. But still, I have some doubts because I am sure that not every citizen from Afganistan or Irak is able to legally own a property in the USA, UK or from any other country they are at war right now. That are the countries I am thinking, not EU or even China as you see but I didn't want to mention them to not upset anybody who is living there.
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BTCevo
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April 08, 2019, 03:43:18 AM |
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I think they will continue going on until the money is collected, they can't just cut it short or have time frame because they need the money to be paid to them in order to buy the lambo anyway, I don't know if they will give the lambo away (would be costly overseas) or they are willing to just give bitcoin worth of it so they can be done with this in just one transaction but I am sure they would prefer the winner to get lambo literally so they can showboat about how it is real.
All the provably fair discussion aside the fact that they have such an insane house edge is just sad, I mean you could just drop the house edge insanely and still make a lot of profit and the time for the end of this lottery will be so much closer, even maybe today if they collected enough, no reason to postpone it just so they could have more money.
This was already discussed a few pages back and on the website. Basically they will not be buying a lambo and shipping it to the winner. They will buy the lambo in the winners country. Due to regulations and how they vary from country to country it would be very difficult to get a Lambo registered in USA if it was a Euro spec model originally. Also the prices of vehicles also vary country to country. A lambo might be cheaper in USA as compared to somewhere in Europe or Asia. So they are better off hoping that the winner will be located somewhere in North America and they get a larger house edge to keep for themselves. So you are saying that it is possible to have this lambo, even though they are on different country? And even if the country does not have this car produce? Anyone may participate on this for sure but not all country are accepting or even have this car allowed on their country. And btw how long until this is going to withdraw? If I am not mistaken this has been really long and yet they still do not achieve the milestone yet
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davinchi
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April 09, 2019, 05:19:50 PM |
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We just need an update from the owner on how it is going, like how much has collected and how much is left and what we can do to finish this quickly. What we do not really focus on here is that if this thing is real and if the winner really gets a lambo than by all means when he tries for a second time around he is gonna get to lambo prices tickets sold much faster, and on his third time its gonna be even faster. Basically the more lambo's he gives away from this the more tickets he will sell and much more quickly, so if he has even slightly over lambo prices than he should just close the deal and decide on the winner in a provably fair way (so we know he is not like giving it to his brother or something) and than we can look for the second one right afterwards.
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Yarex
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April 09, 2019, 11:11:20 PM |
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The topic is very big guys. Can anyone tell me. Did you manage to win Lambo? I heard a story about a house played in a lottery. I wonder whether it turned out to do the same with the machine? Or the author did not finish the job?
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STT
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April 09, 2019, 11:54:22 PM |
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The lotto is not finished and they dont have enough tickets sold, all that is in the T&C and is fair enough. The house lottery should be a matter of public record and was previously run successfully, it would be good to confirm that properly though if you are buying alot of tickets. Its a legit enterprise so far as I know, some might be rich enough to just save up themselves sadly I'am not not just hopefully lucky :p
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Twinkledoe
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April 09, 2019, 11:55:53 PM |
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The topic is very big guys. Can anyone tell me. Did you manage to win Lambo? I heard a story about a house played in a lottery. I wonder whether it turned out to do the same with the machine? Or the author did not finish the job?
The contest is not yet over! The OP should give us updates though. Wondering if people are still attracted by this type of lottery?
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adaseb
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April 10, 2019, 07:21:53 AM |
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I think they will continue going on until the money is collected, they can't just cut it short or have time frame because they need the money to be paid to them in order to buy the lambo anyway, I don't know if they will give the lambo away (would be costly overseas) or they are willing to just give bitcoin worth of it so they can be done with this in just one transaction but I am sure they would prefer the winner to get lambo literally so they can showboat about how it is real.
All the provably fair discussion aside the fact that they have such an insane house edge is just sad, I mean you could just drop the house edge insanely and still make a lot of profit and the time for the end of this lottery will be so much closer, even maybe today if they collected enough, no reason to postpone it just so they could have more money.
This was already discussed a few pages back and on the website. Basically they will not be buying a lambo and shipping it to the winner. They will buy the lambo in the winners country. Due to regulations and how they vary from country to country it would be very difficult to get a Lambo registered in USA if it was a Euro spec model originally. Also the prices of vehicles also vary country to country. A lambo might be cheaper in USA as compared to somewhere in Europe or Asia. So they are better off hoping that the winner will be located somewhere in North America and they get a larger house edge to keep for themselves. So you are saying that it is possible to have this lambo, even though they are on different country? And even if the country does not have this car produce? Anyone may participate on this for sure but not all country are accepting or even have this car allowed on their country. And btw how long until this is going to withdraw? If I am not mistaken this has been really long and yet they still do not achieve the milestone yet I am pretty sure you can own a Lambo in any country on the planet. However there are emission regulations and safety standards that vary from the European and USA markets. This is why sometimes there are different engines in different cars due to these regulations. So you can easily buy a lambo in Europe, ship it to USA and drive it there. However you might have to spend thousands in modifcations to make it road legal. Basically only possible at a Lambo dealership and it won't be cheap. So it makes more sense to buy the lambo in whichever country the winner residences and that way they can easily get the car tagged and insured. This is the smart way to do this raffle. The house situation was entirely different, its very difficult to move a house.
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Yarex
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April 10, 2019, 02:33:38 PM |
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The topic is very big guys. Can anyone tell me. Did you manage to win Lambo? I heard a story about a house played in a lottery. I wonder whether it turned out to do the same with the machine? Or the author did not finish the job?
The contest is not yet over! The OP should give us updates though. Wondering if people are still attracted by this type of lottery?
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coinplus
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April 11, 2019, 08:16:51 PM |
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I do not understand why it has to be a lambo, I know the whole purpose of the website is a lambo but why not just give the lambo money ?
In my country car taxes are so high that even with the full ticket prices and all of it sold you can't buy a lambo, what are the owners of the website thinking about doing in that case, since lambo has no place here and you have to both get it shipped (none exists here for brand new, you can only buy second hand here) if you want to get a brand new one and that purchasing and shipping and paying taxes and putting proper regulations on it all together costs probably around twice on my country for a brand new lambo than in many european countries.
So, instead of actually trying to get a lambo why not just give the winner lambo amount and tell everyone you paid lambo amount in certain country and be done with it? Sounds easier and doubt anyone will care.
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Ranly123
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April 11, 2019, 09:05:21 PM |
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Is there anyone who already won the lambo? It's too much of a prize for a raffle draw. Anyways, I hope you're not going to scam people.
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Bagaji
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April 11, 2019, 09:05:45 PM |
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Raffle is not my kind of thing even if you the items to be won look flashy because the probability of one winning is insignificant and to me it is a waisting of money no matter how small is the amount. The authenticity of the site is still yet to be a certain as some above have raised issue in relation to the legit of the site.
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STT
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April 11, 2019, 10:53:43 PM Last edit: April 11, 2019, 11:53:07 PM by STT |
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I just saw a newspaper article on the house lottery for a million dollar riverside residence/mansion and how it turned into a cash draw. will post shortly. Here we go, found it in my browser history from national newspaper in UK and this is for a lottery regulated by UK law. It does sound a bit off in the details ( I wouldn't be happy either) but basically they didnt sell enough tickets in this scenario: https://www.dailymail.co.uk/news/article-6911209/Couple-failed-raffle-Mega-Home-property-sale-2-5m.htmlIts the same one I referenced on the front page actually. I have seen a few over the years resembling this
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