The BouncyCoin game is a social game that runs on universal blockchain that allows safe gambling behavior in a controlled environment and where Monetary success = wins a small amount of money over time.
70 Billion Dollars play Lottery Games in 44 of 50 states, playing games with cheated opportunities with a very low probability of winning. Currently, in California to play Super Lotto Plus, a player selects five numbers from 1 to 47 and one additional number from 1 to 27. The chance of choosing all 6 numbers correctly and winning the grand jackpot is 1 at 41,416,353, which is equivalent to guessing one number from 41,416,353 possibilities.
Most people involved in this game do it out of desperation, community conditioning and misinformation about opportunities. The lottery, however, understands the chances of winning and losing.
There is a dark side on Lotteries. The lottery represents a regressive tax on financially disadvantaged and disadvantaged groups who are the most aggressive ticket buyers. The Duke University study of the late 1980s found that 1/3 of the poorest households bought more than 1/2 of all weekly lottery tickets sold.
Gambling addiction is a public health problem. It is estimated that around 5% of all adults have symptoms of gambling problems. The state of nerves measured in problem gamblers has been compared with the state of nerves called in cocaine dependence. In particular, the problem of gamblers has problems with impulsivity in making healthy gambling decisions. Lottery gambling has been proven to have a purchasing pattern that is consistent with addiction. In fact, research has shown that up to 15% of lottery players have symptoms of gambling problems.
What is needed for the good of people everywhere is social 'involvement' which gives all participants the ability to create and manage risk and on terms they control if they choose to engage in behaviors such as gambling.
Bouncy Coin will stop pushing cash to the state-run Lottery by offering social network engagements where participants can win small amounts of cryptocurrency and / or prizes and where they make and control opportunities for their involvement.
Gambling addiction is a public health problem
It has been estimated that approximately 5% of all adults have symptoms of problem gambling. Neural states measured in problem gamblers have been compared to neural states invoked in cocaine dependence. Specifically, problem gamblers experience problems with impulsivity in making healthy gambling decisions. Lottery gambling has shown to have purchase patterns consistent with addiction In fact, research has shown that up to 15% of lottery players have symptoms of problem gambling.
Bad for Society
Numerous studies indicate that State Sponsored Lotteries impede the financial health of the poor which is bad for the overall health of society. The lottery’s demographic is skewed toward minorities, the less educated and the poverty-stricken — those with the least ability to pay for lottery tickets. The lottery has achieved mixed success with its major goals and targets the disadvantaged. Yet this legalized form of gambling is not only regulated by the state, it is state-sponsored.
Business Opportunity
We see US State Sponsored Lotteries as a business opportunity for the introduction of games of chance that empowers players by allowing them to set parameters of their engagements and on terms that they create and control.
We see US State Sponsored Lotteries as a business opportunity for the introduction of games of chance that empowers players by allowing them to set parameters of their engagements and on terms that they create and control.
What is needed for the good of people everywhere are social ‘engagements’ that provide all participants the ability to create and manage risk and on terms that they control if they choose to engage in gambling-like behavior.
We have a SOLUTION
Bouncy Coin will stop the hemorrhaging of cash to State-run Lotteries by offering socially networked engagements where participants can win small amounts of cryptocurrency and/or prizes and where they create and control the odds of their engagements.
Bouncy Coin will stop the hemorrhaging of cash to State-run Lotteries by offering socially networked engagements where participants can win small amounts of cryptocurrency and/or prizes and where they create and control the odds of their engagements.
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