RE: Steemit Power Down Proposal

[cryptosharon]

I'm not sure I understand any of the concepts you mentioned. Dunno how you can make a no-loss lottery.

Comments

[ackza]

I just learned about it yesterday and think we need this on eosio with steem engine with mah steemp steem token that has smart contracts

At 699,927 lottery tickets (each DAI representing one ticket), the probability of a single ticket winning the pool is 0.00000142. A user’s odds of winning increase as they purchase more tickets, but they also forego more guaranteed yield from lending the funds elsewhere.

, theyre simply combining no loss stable coins that earn you guaranteed interest, with lottery tickets.

just look at the article they explain it like this:

it seems like interesting stuff

[cryptosharon]

But if you deposit the funds, and you lose, do you get them back? If not, how are you not losing your initial deposit?