Somehow, this thread makes me recall Rune's idea for a takeover bid.

I was thinking the SAME thing as soon as I saw it.

Out of curiosity does anyone know the revenue of any known lotteries? What places are you thinking to expand to? Nearby regions? How much do any lotteries on those regions generate in revenue? Since I only know EuroMillions from Europe. Would be interesting to know more about that market in other regions if anyone has the knowledge.

Does Fantasy has other businesses other than lotto? If yes,
Do FantasyLotto 3 partners (all except lottoshares holders) also have a stake on those businesses?

Bahamas is next on the list for expansion, then we will see from there.  Unknown about other lotteries in that area - however, Bahamians are forbidden from gambling.  They get around it by using internet cafes (web shops are what THEY call then), and using the online gambling features.  In the Carib, they at least foster an open usage of the internet, and this method for the time being gets around those regulations.

European regions I am not sure of....

Fantasy Lottery has the physical lottery and online gambling site accessed online and through web shops on the island.

LottoShares partners (excl lottoshares regular holders) have a stake in the management company running the lottery, the tech company leasing the online software and lottery selection, and a stake in lottoshares itself.  We will likely retain our lottoshares stake for use of possible outside investment (AFTER the vesting period we agreed to minimum), but we anticipate no need for that, just making sure of eventualities being covered.

Quote from: Murderistic on October 01, 2015, 10:41:04 pm

Quote from: Akado on October 01, 2015, 10:39:35 pm

Should be pretty obvious to do so after what happened to Ethereum

You are damn right there.

SO would you brilliant fellows suggest we liquidate btc daily for bitUSD?

Definitely convert to bitUSD from btc daily... I'm sure your business plan is to make money via the lotto, not speculating on bitcoin.  If bitcoin were to go up and you made money it would be luck, and real business's don't run on luck.

Agreed on all counts.  Thanks for the perspective.  I also updated the OP with details Akado mentioned.

Thanks for the feedback gents.   

We should have the contribution tab setup to accept bitUSD by Monday.

I took DataSecurityNode's advice and got it ready to setup and rock.

BitShares wallet = lottosharesdonations   (not active until next week)

We are already seeing contributions, and the timer is now active as of today.

See the replay and walkthrough here: http://linksfrom.us/lottoshares-replay

"Shares" will be dropped into contributors wallets on Jan 1, 2016.

Monthly Buyback of LottoShares will begin on April 2016.

Please spread the word, and prove to the world that BITASSETS and BLOCKCHAIN are here to stay, and we aim to change the world one way or another.

Remember, that LottoShares are assets on the BitShares network, and can be traded in many different pairs once shares are unlocked for trade.

Here is how the LottoShares work:
First 250,000 shares are priced at $.80
Remaining 250,000 shares will be priced at $1.20

Start Date: October 1, 2015
Shares dropped to participants on Jan 1, 2016
Shares unlocked for trade, sale, buyback on April 1, 2016
Buyback date (TENTATIVE) will likely be the 28th of every month starting on April 28th, 2016

Intent For Funds Raised:
We are raising $500,000 total for funds to expand lottery to Bahamas, and pay for dev work to create the first physical lottery with physical customers ran on the blockchain.

Once we raise $150,000, we are initiating the start of the plan, which is to hire 3x more staff and more locations on island.

Even if we do not reach $500k raised, as long as we hit $150k it is a go.

If we can only Raise 150k, it will take longer to expand and to dev the blockchain lottery, but we will commit to doing that either way - it will just take much longer to get it dev'd out.

There is only 1 other lottery on the island, and they bring in $30,000,000 per year in revenue.  Even just a small percentage of that becomes an epic win.

Let me know if you have any questions, or write us here at info [at] lottoshares.com

Here is the replay of the Question and Answer presentation:

http://linksfrom.us/lottoshares-replay

and a copy of the presentation:

http://linksfrom.us/lotto-presentation

http://www.bnn.ca/News/2015/9/30/RBC-TD-join-top-banks-in-using-bitcoin-technology.aspx
http://coinyoo.com/2015/09/29/13-top-banks-including-citi-and-bank-of-america-join-r3-blockchain-project/

Seems like R3 is making headways into coordinating blockchain tech with banking legacy technology.

R3 website is http://r3cev.com/ and its headed by David Rutter which uses to be CEO of ICAP (electronic OTP broker for forex/equities)

Anyways it doesnt say what tech R3 uses for its blockchain ledger to enable crypto 2.0/exchanges but is it worth reaching out to him to show what we got and upcoming with bts 2.0? He's the closest to getting the banks on board to anything we have ever had and if we can convince one person it might change the face of the entire project in terms of immediate potential.

Their mission statement is:

"We leverage our members’ decades of experience and deep networks within the financial services community to empower innovators, promote industry collaboration and affect positive market transformation on a global scale."

I would say we are the innovators. Seems r3 would be a good front-facing financial community rep company that would be ideal in interfacing with someome like a back-end blockchain expert based company in cryptonomex

I have reached out via social media and a few mutual contacts.  Let's see if we can get a meeting.

I will be in attendance, and be bringing another Bitshares based entity there as well. 

We also applied for Pitch, and I think we have an amazing chance at getting it for CNX and R******