I'm just trying to find a way we can seed a prize pool with very little risk.
Because there are no fees in month 1, I think the std deviation is so low (putting 0.01 BTC on each number) that putting up 88.8 BTC daily wouldn't require more than a 200BTC loan from AGS that they would likely get back circa 100% of at the end of the month.
(If Bitshares doesn't want to risk their funds, maybe they can sell 10-20% of 8888 DAC for the 200 BTC loan & give the rest of the DAC equity to AGS & PTS.)
- Zero edge & a decent prize pool should attract loads of gamblers. (Who will continue playing for 1% if they like the format.)
Shareholders (during zero fee month) may well also heavily support the DAC. (By playing with their own funds but cover nearly all the numbers.)
Why?
During the trial month, investors can trade the 8888 DAC. They will be speculating on the kind of return that 1% trading fee will start to earn them when the zero fee intro month ends.
With the base 88.8 BTC prize pool, gambler, plus shareholders betting we could daily pools a couple hundred BTC big.
That would translate to a dividend to the DAC of 100 BTC+ per month if it can be maintained & more if the popularity starts spreading (which I think it will as the prize pool gets bigger.)
(Edit: It doesn't need to be in BTC just trying to give an idea of value.)