doyleb

5 ms·

1. 1.▲
   by doyleb 4y ago

   "Too good to be true" is definitely a problem we run into. We make money the same way any bank does, via lending out the deposits and via a small interchange fee charged to the merchant when customers use our cards. Our net prizes
2. 2.▲
   by doyleb 4y ago

   The insurance companies actually love this since there's no element of skill involved so the odds of winning can be computed exactly
3. 3.▲
   by doyleb 4y ago

   Fun fact: We use the same kind of insurance for the weekly $10,000,000 sweepstakes at Yotta: https://www.withyotta.com
4. 4.▲
   by doyleb 6y ago

   We only use first names and last initials along with cities for social proof to show that people are winning, and we only show when a ticket has won a notable amount so there's a fair amount of randomness to who shows up (currently &gt
5. 5.▲
   by doyleb 6y ago

   I'm the same way, I know the lottery is a terrible bet but I still find myself buying a ticket every now and then. This was one of the main motivations for starting Yotta for me. Will definitely check out The Lottery in Babylon!