Lottery

Or Should We Call It 🦹🏼“Loottery”?

Even Binance does it, so what’s the problem? And projects with simple gamification of money-saving habits, such as PoolTogether, drive the current hype and greed in a sustainable direction [Moukhtarzade]. There are indeed no problems with honest lotteries. However, the lottery worked well for your grandad or a “Soviet factory guy.” He might have “tried his luck” once a month, in-between visits to the cash desk for “poluchka” (old. Soviet for “salary,” not to be confused with the misanthropic elderly member of Fairy Tail Guild) at the factory and the local beer garden.

Fast-forward half a century, it's 2021; your grandad died in 1990 when you were 7, winning an equivalent of $10 (adjusted to current prices) twice after spending almost $500 on lottery tickets. You, his progeny, are most likely working from your Brooklin, Pankow, or Shanghai home now. And you expect the financial things to be more planable and less dependent on luck.

Fixed price tickets, inspired by the UK’s Premium Bonds, are ok [Moukhtarzade]. However, there was a DarkNet alternative to this called Big Blue Market until it exit-scammed (April 2021). A long and lengthy explainer from the “admin” stated, “wanted to state that Big Blue admin has left the building as the blue admin.” [Clegg] Similar scams, using almost the same scam model and even naming, were Corona Market (what a naming!), Lime Market, and Ajax Market. We will cover scams and fraud in the following two sections.