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Where do the savings come in? If you know how to securely send lottery tickets why can't you use the same system to send the money instead?
by thinkloop 5y ago
Where do the savings come in? If you know how to securely send lottery tickets why can't you use the same system to send the money instead?
- saurik 5y agoSee my response to your other question here: https://news.ycombinator.com/item?id=27681781 https://news.ycombinator.com/item?id=27681781 (but like, the idea is that you can spread the cost of an underlying transfer--which costs money to perform and potentially permanently store on the underlying blockchain--across all of the people making probabilistic payments, which you can make very small if the people involved are willing to tolerate the variance on a resulting purchase and have a high enough principal to still have a reasonably high efficiency after paying for the amortized fees).