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DrDavidBowman

Honolulu
United States
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February 23, 2016
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Mar 11, 2018, 10:37 am

Its only a matter of time before some company start a Bitcoin World Wide Lottery

What are you thoughts ?
Coin Toss

Zeta Reticuli Star System
United States
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January 17, 2006
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Mar 11, 2018, 12:38 pm

So you win and wake up one day and Bitcoins are deemed worthless, then what?

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
Soledad

New York, NY
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March 23, 2013
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Mar 11, 2018, 1:21 pm

That moment when you say to yourself no more bitcoin can’t go any higher, and it does every day for four years straight.

Bitcoin is an attempt at creating a level playing field for the entire world to compete or keep up with the economies of highly developed nations such as ours. Without ideas like this, most of the world will never stand a chance economically speaking. IBM is one of the few so far that have already banked on it. Whether or not bitcoin remains, the idea will.

The lottery that you speak of is entire countries economies competing in a world that has left them behind financially. Speaking of the lottery and all of their hundred million jackpots, quite relevant I would say.

Sometimes you do the right thing just because it’s right.

Life's a game of mathematics, if you can't figure that out I don't know what to tell you.
MsBee18

Florida
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January 2, 2018
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Mar 11, 2018, 1:46 pm

Quote: Originally posted by Coin Toss on Mar 11, 2018
So you win and wake up one day and Bitcoins are deemed worthless, then what?

Sort of what you say the next morning when your lottery tickets are losers.
LiveInGreenBay

Green Bay
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October 15, 2015
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Mar 11, 2018, 4:55 pm

Quote: Originally posted by MsBee18 on Mar 11, 2018
Sort of what you say the next morning when your lottery tickets are losers.

Big difference is... When someone wins the US lottery, its backed by the US government. Bit coins are backed by who? Some fat teen sitting behind a computer in Bulgaria? LOL

Never give up.
GiveFive

Florida's West Coast
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June 10, 2010
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Mar 13, 2018, 8:22 am

Quote: Originally posted by DrDavidBowman on Mar 11, 2018
Its only a matter of time before some company start a Bitcoin World Wide Lottery

What are you thoughts ?

My thoughts are that it'll be just another cryptocurrency scam. G5

Play Smart! That's IF there is such a thing as playing smartly!!
duckman

Jacksonville Florida
United States
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October 6, 2005
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Mar 13, 2018, 2:32 pm

[start discussion]

In all, more than 980,000 bitcoins have been stolen from exchanges since 2011, two-thirds of those from Mt. Gox. (added note: Mt. Gox, the world's largest bitcoin trading exchange, collapsed in early 2014, more than 24,000 customers around the world lost access to hundreds of millions of dollars' worth of cryptocurrency and cash). Today, all of the stolen coins would be worth more than $6 billion, Reuters has calculated.

[enough said - end discussion]