Powerball btc

[Bill buffalo]

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

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[Oilacris]

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

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.

[Botnake]

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

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 

[Slow death]

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.

[dimonstration]

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

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.

[Kemarit]

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

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.

[Orpichukwu]

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.

[YOSHIE]

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

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.

[Agbe]

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.

[Quidat]

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

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.

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.

[so98nn]

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.

[vennali]

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

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.

[terrific]

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.

[Fivestar4everMVP]

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.

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.

[Hispo]

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

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.

[Kakmakr]

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. 

[btc78]

the tickets are digital and instead of paying with dollars you would pay with BTC

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

[CryptSafe]

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.

[iv4n]

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.

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:

The Powerball lottery is one of the most popular lottery games in the US: It's played by over 181 million people every single year.

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.

[suzanne5223]

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.