Are they going to use graphene tech? Any link to PlayDAC?
Does it use graphene? If it does and there is no share drop it effectively competes with PLAY who did a sharedrop. Why would we support it then...
Being that it is a UIA on bitshares, I'm assuming g it is using bitshares
I was referring to the technology they use to reaize their trustless online gambling service that has nothing to do on which platform you issue your IOU/donation token on...
It doesnt? If the platform uses the UIA, then the ledger they are using would be bitshares (aka graphene). If they are just doing a UIA to act as a stock type of token, I'd imagine it might be a different story. But let's not assume the former is not possible as well
It will be a stock type token, that is bought back from holders.
the 2 Partners are myself, Mark Lyford (BANX), and Jan Thoelke (Former Race Car Driver)
So are there plans though to put the actual buying of a lotto ticket on the blockchain so that way shareholders can see how many were bought and the payouts etc?
Yes that is exactly the plan
I think the question we are all aksing ourselves here is how you will achieve that, which blockchain will you use and if you use an own / new chain will you use graphene?
I am with delulo here - no one is saying this is a bad thing in any way shape or form BUT it is falling short of the requirement to be a big announcement #11:
And the big question is the one he asks. Plus It is already stated on the website, @fuzz ,it is not the actual shares on the BTS blockchain it is just IOUs.
I do not think it falls short for the following reasons:
I do not know of anyone currently running this model of physical biz issuing digital tokens for crowdfunding purpose
Buyback of shares in this manner
Potential value speculation and marketcap
The Lotto will become a remittance for players once fully blockchain since winnings will be paid out in BitUSD, BitEURO
The lotto currently has payment cards that can be loaded or winnings placed on that are spendable around the island at retailers. The opportunity there is just...wow
Once we prove the model, we are pitching Parliament on adopting this model to bring new biz to the island
Don't you feel like these are all amazing points that bring attention to BitShares as a potential crowdfunding platform?