To fall to, and rise with, greed is human. Many people associate the rise of cryptocurrency's value with human greed. I, for one, started rearing digital cats (cryptokitties) in the sole hope that they will rise in value and I'll get decent compensation for figuring out lines of genetic codes.
I think after stumbling onto Etherjack, I can say that no game or dapp or ico in crypto history has taken the idea of human greed and expressed it in as innovative a manner as the project has. (No, bitconnect doesn't count, it's just a scam.)
So what's the big deal? Etherjack is essentially a digital, crypto jackpot. The ICO collects a certain sum of eth, 333 to be exact, peanuts in the world of ICO collections. BUT, the fun starts there. Players bid sequentially, using a defined amount of ethereum or native Jack tokens. I bid, u bid, she bids. A certain timeout duration is allocated after each bid. If someone else bids during the duration, the clock restarts. IF NO ONE ELSE BIDS during the period, the jackpot goes to the last bidder!
I'm personally interested in this project just to see how human rationality/irrationality will interact with the game design. Can't wait for the party to start.
Topic: game of greed? (Read 122 times)
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