01 Nov '12, 7pm

Last call to get a ticket for the monthly @BitLotto: Entries are 0.25 BTC, or just 0.1 BTC to enter a pool. #Bitcoin

Imagine a lottery where the exact number of tickets are known, as well as what the ticket numbers are, without knowing who actually owns the ticket. Imagine you can also look at every ticket, verify that the correct ticket won, and verify the correct winnings were transferred to the correct owner, all while preserving anonymity. Imagine a system where you can't forge tickets. That is all possible with BitLotto. Unlike other lotto services, BitLotto is anonymous, completely transparent, and impossible to fake. The winning numbers and winners are all independently verifiable. BitLotto is designed in such a way that there is only one winner per drawing, so the odds of each ticket winning, is one out of the total number of tickets sold. Because of how the lottery is run on top of Bitcoin, all the entries and procedures can be monitored, eliminating fraud.

Full article: http://BitLotto.com/

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