4 ms·
"Free lunch" was the same idiom that came to my mind when I read the parent comment about "no-loss lotteries," as if the electricity for hashing was clean and f
by GLGirty 5y ago
"Free lunch" was the same idiom that came to my mind when I read the parent comment about "no-loss lotteries," as if the electricity for hashing was clean and free.
The responsibility and risk of maintaining wallet keys seems on par to me with storing literal gold bullion. Laypeople aren't qualified. I'm not even convinced most programmers are qualified.
- SubiculumCode 5y agoThe house takes (Sportbook, track, casino) takes between 9-25% of every bet. So, yes, relative to those options, crypto lotteries/gambling can be set up to be practically free. That is, one can (and have) set up lotteries where there is no take (provably so) save for the cost of the transaction, which on proof of stake chains or L2s, are very very cheap. There are many aspects of blockchain that just don't make sense, but the opportunities in providing more equitable gambling opportunities are, in a word, staggering.
- cuddlecake 5y agoIt is unfortunate that the one useful thing I have found about blockchain to be true is that it is great for gambling