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When you go to NYC present your idea to Stephanie Murphy from Let's Talk Bitcoin who is also part of Fr33, they could point out good charities / causes and help promote the idea.
Hmm I would maybe give 30% to charity, maybe 5% to shareholders and 65% to players but I would just call it a normal lottery and advertise the charity element strongly.Then we can say we give more than regular lotteries to everybody! We give more to charity (and directly to charity not via government which is a big plus), more to players and more to shareholders, all made possible by efficiency savings!
Quote from: bytemaster on April 04, 2014, 04:37:03 pmWhile the purist in me knows that charity ultimately backfires by supporting dependence... it cannot be denied that it would provide a powerful marketing advantage and even some political cover.If one is donating to consumption goods and services, yes. However, one could donate to capital projects, like an incubator that supports budding entrepreneurs in economically deprived areas, that do not necessarily fuel the cycle of dependence.
While the purist in me knows that charity ultimately backfires by supporting dependence... it cannot be denied that it would provide a powerful marketing advantage and even some political cover.
Rebranding Lotto + Bingo in a way that will grow garner positive press ( I hope ). http://107.170.30.182/charity/This would be a for-profit charity... it makes money while helping charities.... good for all.
Quote from: Empirical1 on April 04, 2014, 08:07:09 pmQuote from: onceuponatime on April 04, 2014, 07:40:57 pmQuote from: Empirical1 on April 04, 2014, 07:29:02 pmDo you have any thoughts on the revenue distribution of the charity lottery? Existing lotteries on my side of the world, don't market themselves as charities and they give circa 28% of total revenues to 'good causes' which the msm/politicians will claim is mostly charitable & they take 0.5% of total revenues as profit.I think if we give less to charity and much more to shareholders than a traditional lottery, while at the same time marketing ourselves as more of a charity than a lottery, it might be a hard sell.Well, a charity DAC lottery could give 50% to good works, 49.5% to winners, and give the remaining 0.5% to shareholdsers.Hmm I would maybe give 30% to charity, maybe 5% to shareholders and 65% to players but I would just call it a normal lottery and advertise the charity element strongly.Then we can say we give more than regular lotteries to everybody! We give more to charity (and directly to charity not via government which is a big plus), more to players and more to shareholders, all made possible by efficiency savings!If you give 5% to shareholders you will probably be forked and outcompeted (Think about how many millions the LOTTOS of the world are taking in on ticket sales if just the prizes can be multiple millions or even hundreds of millions of dollars in some cases. 0.5% of that for shareholders could be VERY lucrative)
Quote from: onceuponatime on April 04, 2014, 07:40:57 pmQuote from: Empirical1 on April 04, 2014, 07:29:02 pmDo you have any thoughts on the revenue distribution of the charity lottery? Existing lotteries on my side of the world, don't market themselves as charities and they give circa 28% of total revenues to 'good causes' which the msm/politicians will claim is mostly charitable & they take 0.5% of total revenues as profit.I think if we give less to charity and much more to shareholders than a traditional lottery, while at the same time marketing ourselves as more of a charity than a lottery, it might be a hard sell.Well, a charity DAC lottery could give 50% to good works, 49.5% to winners, and give the remaining 0.5% to shareholdsers.Hmm I would maybe give 30% to charity, maybe 5% to shareholders and 65% to players but I would just call it a normal lottery and advertise the charity element strongly.Then we can say we give more than regular lotteries to everybody! We give more to charity (and directly to charity not via government which is a big plus), more to players and more to shareholders, all made possible by efficiency savings!
Quote from: Empirical1 on April 04, 2014, 07:29:02 pmDo you have any thoughts on the revenue distribution of the charity lottery? Existing lotteries on my side of the world, don't market themselves as charities and they give circa 28% of total revenues to 'good causes' which the msm/politicians will claim is mostly charitable & they take 0.5% of total revenues as profit.I think if we give less to charity and much more to shareholders than a traditional lottery, while at the same time marketing ourselves as more of a charity than a lottery, it might be a hard sell.Well, a charity DAC lottery could give 50% to good works, 49.5% to winners, and give the remaining 0.5% to shareholdsers.
Do you have any thoughts on the revenue distribution of the charity lottery? Existing lotteries on my side of the world, don't market themselves as charities and they give circa 28% of total revenues to 'good causes' which the msm/politicians will claim is mostly charitable & they take 0.5% of total revenues as profit.I think if we give less to charity and much more to shareholders than a traditional lottery, while at the same time marketing ourselves as more of a charity than a lottery, it might be a hard sell.
Quote from: delulo on April 04, 2014, 04:16:11 pmWhat about requiring a specific percentage to give to a charity to allow calling it charity and not gambling? In theory every DAC could have a charity component that comes at the expense of profitability. While the purist in me knows that charity ultimately backfires by supporting dependence... it cannot be denied that it would provide a powerful marketing advantage and even some political cover.
What about requiring a specific percentage to give to a charity to allow calling it charity and not gambling?
Quote from: bytemaster on April 04, 2014, 04:32:13 amA business that has the potential to grow can give more to charity than a non-profit system....I agree however most Americans still believe that stealing peoples money is okay as long as you intend to do something nice with it. Taxes/Welfare.
A business that has the potential to grow can give more to charity than a non-profit system....
Quote from: bytemaster on April 03, 2014, 06:10:08 amQuote from: onceuponatime on April 03, 2014, 06:09:02 am" in a way that will grow garner positive press"Could just as easily garner negative press given a hostile reporter. jealous competitor, or any number of other variables.Positive press relative to a pure lotto or gambling DAC. Think little old ladies at the local church bingo night. I disagree on this one, marketing a for profit charity as just a 'charity' will be received negatively, perhaps doubly so as it's not really a for profit charity either but a normal business that gives a percentage of its revenue to charity.
Quote from: onceuponatime on April 03, 2014, 06:09:02 am" in a way that will grow garner positive press"Could just as easily garner negative press given a hostile reporter. jealous competitor, or any number of other variables.Positive press relative to a pure lotto or gambling DAC. Think little old ladies at the local church bingo night.
" in a way that will grow garner positive press"Could just as easily garner negative press given a hostile reporter. jealous competitor, or any number of other variables.
just collect a sizable donation with this tool,then donate it to Bill gates and M's fund,you'll have a big story to tell. 3i,bill gates in the same line,wow,that's some attention.
I saw Bingo is listed in Gaming, http://107.170.30.182/gaming/I think Lotto and Bingo belongs to both Charity and Gaming?
Quote from: bytemaster on April 03, 2014, 06:10:08 amQuote from: onceuponatime on April 03, 2014, 06:09:02 am" in a way that will grow garner positive press"Could just as easily garner negative press given a hostile reporter. jealous competitor, or any number of other variables.Positive press relative to a pure lotto or gambling DAC. Think little old ladies at the local church bingo night. So is this a new "family" of DACs (ChARITY)\? Something separate from bitsharesLOTTO and other gaming DACs? That I can see great potential for, as fundraising for any number of charitable/social projects. Then any group wanting to raise funds would be making employing the software (kind of like the little old ladies you spoke of renting bingo equipment from a for profit game company).But the charitable DACs should b e separate from other gaming DACs in my opinion to prevent negative press.