How I Ended Up Buying the Color Blue: Part 1 on Hot Potato Games
▻https://hackernoon.com/how-i-ended-up-buying-the-color-blue-part-1-on-hot-potato-games-bc6b486c
Recently I came across the idea of Hot Potato games, a crypto phenomenon that is a good proxy for the market as a whole. Hot Potato games are essentially a gamified ponzi scheme. The games go as follows:Someone creates a website and forks another app or in rare cases writes their own code and calls it something like: HotPonzi.io (not a real site, as I definitely won’t be advertising any here).HotPonzi chooses a type of asset to sell, let’s say, pictures of potatoes.HotPonzi then advertises the hell out of the “cool, new game, where everyone wins”Each asset starts at a set price, let’s say, $1 and there is a formula in the potato contract that specifies each step that the price can go up.Johnny Potato then buys the “Perfect Spud” for $1 and owns the asset. Anyone can then buy the “Perfect Spud” (...)
#blockchain #gaming #hot-potato-games #blues #buying-the-color-blue