HN user

jswift

7 karma
Posts1
Comments8
View on HN

It's a good idea but any cut above this will make the lottery very expensive. National lotteries can pay out 50% because they have a monopoly and the remainder usually goes towards a community project.

Startup idea list 14 years ago

Insurance works because the probability, eg of death, is spread out over many buyers; not everyone will die young. If social security goes away, the payout is 100% and your company goes bust.