Yeah I knew it was too long but I just wanted to have it all in one place to start. I'll probably break it up and expand more on the issues... then I can create a summary post that links them all together.
Unless there is a proposal that can seriously pitch how it will create exponentially more value than it takes in
I was actually thinking about this the other day. Imagine we pumped millions of HBD into a lottery fund for Hive. Lotteries can generate gobs of money so it would be totally worth it to spend huge overhead on the initial prize pool.
Sounds interesting... how would it work? I'm all for proposals that end up creating more demand for HIVE and thus help increase its price...
I'm more interested in gambling that is friction free and doesn't generate an income. Fair for everyone. Something like that would also bring massive generic value to the platform.
However, the way I am organizing logistics is to use the unhackable random numbers of Bitcoin as the seed that determines who wins the lottery.
In the case of a big prize pool anyone who won and got lucky would get a percentage of the lottery fund. Say if you win you get 25% of the fund. That way there is always a bunch of money in the fund no matter what.