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by theamk 1668 days ago
Hm... people put money into a pool, and then there is a random chance of payoff? Sounds like plain lottery, something that is sold at every gas station ever. for PoolTogether, there is a twist that this seems to be incorporated with interest-bearing accounts, but presumably you can get the same effect by investing the money manually, and periodically withdrawing interest and using the money to buy the lottery tickets.

And "blockchain based wikipedia" sounds interesting but has a lot of real-world interaction, and so is substantially harder than existing examples which purely interact with blockchain.

Overall, this whole conversation reminds me of the the new programming languages:

- "My new language is very great! Look, it can do HTTP requests!"

- "But existing languages could do HTTP requests as well?"

- "Yes, but my language automatically deserializes the request using Mozart-Rachmaninoff type system, which eliminates the whole classes of the bugs. No other language can do that! I am going to write a new OS in this language now!"