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110 sats \ 5 replies \ @aftermath 3 Oct 2023 \ on: Bitcoin Lottery bitcoin

I'm working on something like this, it is not decentralized and it is custodial (sadly I couldn't figure out a way to avoid this) but it offers many features that the fiat system lacks:

  • Open source, fully auditable
  • Private (tor hidden service). It does not require an account, just an ed25519 key pair. The private key never leaves the client.
  • Globally available and permissionless
  • Uses lightning payments to bet/withdraw (with plans to support on chain)
  • Users participate for the 99.609375% of the prize pool

I'm actually pretty close to getting everything ready. I'll be posting all the details about it in the next few weeks, hopefully.

I also want to mention that the next iteration of the project includes developing non-custodial real time events betting by using HODL contracts, which would allow users to bet against each other (1v1) with the service never taking custody of the funds.

I've seen a lot of demand for a service like this, I hope I can deliver.

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1 sat \ 4 replies \ @Paulysats OP 3 Oct 2023

Where are you going to promote?

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0 sats \ 3 replies \ @aftermath 3 Oct 2023

I'm going to publish a post here, perhaps a note in nostr and a telegram message in some Bitcoin group, not much more really. I expect it to grow organically if there's enough demand.

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10 sats \ 2 replies \ @Paulysats OP 3 Oct 2023

Looking forward to seeing the release! Hopefully I don’t miss it

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0 sats \ 1 reply \ @aftermath 3 Oct 2023

I could mention you in the comments if you wish

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1 sat \ 0 replies \ @Paulysats OP 5 Oct 2023

Yes please!

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