I've noticed a lot of anger, frustration, and confusion towards CryptoKitties in the daily thread over the last few days (along with plenty of joy, wonder, and excitement).
For those who don't understand and/or lack the imagination, pretend for a moment that the ERC 721 tokens which represent all the individual kitties on the blockchain didn't represent cats at all. Imagine, instead, that they represented:
loot items in World of Warcraft
rare cards in online collectible card games
plots of land in Arizona
corporate stocks from Fortune 100 companies that trade on NASDAQ or the NYSE
Does that make more sense to you now? People aren't necessarily excited about the actual cats themselves, they're excited by the endless possibilties that this demonstrates.
Go look at the online marketplace they've created. Look at the user interface. Fire up your imagination and envision a world where 'digital drawings of cats' are just one of the many, many, MANY assets being traded in the Ethereum eco-system.
THIS is precisely what gives Ether its value: the ability to create, tokenize, and trade things on the blockchain. And this is the reason that CryptoKitties was deployed to the Ethereum blockchain and NOWHERE ELSE -- not Bitcoin, not Dash, not ETC (lol ETC). If you're mad about CryptoKitties, you're missing the whole point -- this isn't a distraction from the price, this is exactly the reason that ETH rose 5000% over the past year.
Yes, it's silly and it's goofy, but it's a proof of concept. It demonstrates to the world what is currently possible, RIGHT NOW, in the Ethereum eco-system. ETHEREUM, and nowhere else. It's not about the cats, it's about the future potential of the whole protocol.
Great post, I think this sums it all up nicely..
I too, at first, was kinda mad, wondering what this silly thing was that's clogging up the network and stuffing up my trades.
After doing some research and hearing that people are making literally thousands in Ether off these things, my curiosity got the better of me and I had to find out what it was all about. I've now been glued to the Kitties for the last 2 days and must say, its actually really cute and addictive.
It has also been a great way to introduce Ethereum to my teenage stepkids. They've been helping me buy and sell Kitties all afternoon so it gave me a good chance to teach them about how the Ether wallet works and how to set the gas price etc. I think this is great for introducing crypto to new people who would otherwise feel daunted by it.
Anyway, I'm almost ashamed to say that I've spent 0.2 ETH today on digital kitties but I'm trying my luck at breeding some good ones..
We'll see how it goes
Also...
Is there some link where I can get more info about this game? I am not referring to there official site(I read that already) but some game tips from people that are already playing.
https://www.reddit.com/r/CryptoKitties/https://cryptokittydex.com/