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I'm going to go ahead and reply to myself here with the answer: 'No-loss lottery', unsurprisingly, isn't as "free money" as it sounds. From what I can gather,
by AnIdiotOnTheNet 5y ago
I'm going to go ahead and reply to myself here with the answer:
'No-loss lottery', unsurprisingly, isn't as "free money" as it sounds. From what I can gather, you're putting the equivalent of earned interest into the lottery pool and then it all gets given away to someone in that pool. You're playing the lottery with the interest you could have earned if you were not in the lottery.
I was able to explain this without knowing much of anything about how Blockchains or Etherium work. Question is then, why didn't Parent explain it? It clearly doesn't require deep knowledge.