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That has been possible in pure Bitcoin already: https://curiosity-driven.org/bitcoin-contracts#multilottery https://curiosity-driven.org/bitcoin-contracts#multi

by Boulth 8y ago

That has been possible in pure Bitcoin already: https://curiosity-driven.org/bitcoin-contracts#multilottery https://curiosity-driven.org/bitcoin-contracts#multilottery

JohnJamesRambo 8y ago
Wouldn't it cost a lot to play though compared to Bitcoin Cash or even Ethereum? https://bitinfocharts.com/comparison/transactionfees-btc-eth-bch.html#3m https://bitinfocharts.com/comparison/transactionfees-btc-eth...
- xorcist 8y ago
  All your graph says is that those coins are less valuable in terms of USD. Transaction costs are specified by the protocol in satoshis, which is the base unit of Bitcoin. How much you can buy for one satoshi only depends on what people want to pay for it. We call this the coin value. A coin without value is free to transact with. Run your applications on testnet if there are no other considerations.
  - JohnJamesRambo 8y ago
    What are you talking about? That graph is the transaction fee in USD.
chrispacia 8y ago
Thanks for sharing that. Didn't know someone else had done it before. Nitpicking a little in that with that scheme the losers could attempt a double spend, but for 2014 it's still pretty cool. Also a very clever hack to get around the scripting limitations by using the length of the secret instead of the actual secret itself.