Row 5042

Row ID: 5042 | Dataset Entry | Axioma AXP Content Repository

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Right, so there's hype around memecoins now because a handful of people are getting stupid rich off it.

The problem is that the current market is very PVP *(new retail cash is not coming in)* and the money just moves hands.

And if you happen to be less informed than the others - you're playing a harsh game you don't even know the rules of.

That's what brought me to create a PVP game with a level ground for everyone - every single player has the same amount of information about the game.

I even took it a step further and chose to design it as a classic ponzi scheme.

The reason is that it's already familiar to most of you because of all the ponzinomics in crypto. *Meaning it will be intuitive to strategize in such an environment.*

So the bottom line is... If you want to degen why don't you degen in a game that offers the same potential upside you're after, except you're as well informed as the best player in the game?

*That's my twisted thinking behind doing this, so please tell me if this is BS.* **Now onto the game:**

You can host your own or join an existing one. You get your ROI paid by subsequent players until the game expires.

The catch is that you can only withdraw after you reach the predetermined ROI threshold of up to 100% (meaning you lose your deposit if you don't).

And since I know 100% ROI is not enough for most degens (including myself) - I made a special jackpot function.

It collects all unfulfilled deposits after the game expires and awards them to the very last player to join. This jackpot grows exponentially over time and could reach some significant sums.

*In a classic ponzi the organizers strip this asset pot to themselves, but in my game it goes to the last player incentivizing people to join.*

The catch is that the game expiry clock restarts every time someone new joins.

It's already live on Arbitrum and uses ETH for games.

There's no token or anything like that - just pure fun. I did this a side project and would love some feedback. And yes I'm the creator you can ask for whatever proof you want.

This is VERY risky so don't play if you're not willing to lose. Even I don't know the full dangers and outcomes of such games because I just launched it and even though I'm a *self-renounced game theory specialist* it wasn't tested with masses of real people yet so it's all only predictions at this point.

EDIT:

These are the contracts - https://github.com/swagamoney/ponzi.contracts

You'll also find the platform link there (for degens only)

FieldValue
text Right, so there's hype around memecoins now because a handful of people are getting stupid rich off it. The problem is that the current market is very PVP *(new retail cash is not coming in)* and the money just moves hands. And if you happen to be less informed than the others - you're playing a harsh game you don't even know the rules of. That's what brought me to create a PVP game with a level ground for everyone - every single player has the same amount of information about the game. I ev…
label r/cryptocurrency
dataType post
communityName r/CryptoCurrency
datetime 2024-04-25
username_encoded Z0FBQUFBQm5LakwyS25PcGZ1LURTTUZkV25EbmI1NjIwVHRuVXNUSFN0Q2RzcTNkR2xod3JjR3poUmZPWHBXZzIxRVBKQV9zNEViUDFmY19yNVBJeW16RU5MNXFzemladGc9PQ==
url_encoded Z0FBQUFBQm5Lak9GZGNDMFp0dE42Y2g2czFGa3JRcVBCRGJoRUduajJtdFNIU2VvSURkQmhNbU9zUnNaWVl4aHJCN3dCR2NhSnlqTXBySnBEUV8xRzdNZDNsSGpzNFhiRUZYWmU4M0JSV3BHVE1FWFRUTHNCVGtFd2QxUnoxTzNnNFk1NWZ2Z29DbDlpZHdDRnNNNkRza282aS1iemJsb0w0X19NdWZ1S2VrZkh3QS13ek55MzBON1JyNWp6UmYwMkJMUEhRWUF6Z3BiNkhXQmJhbnVEbHZVVTZYam9STVNUdz09

Raw Record

{
  "text": " Right, so there's hype around memecoins now because a handful of people are getting stupid rich off it.\n\nThe problem is that the current market is very PVP *(new retail cash is not coming in)* and the money just moves hands.\n\nAnd if you happen to be less informed than the others - you're playing a harsh game you don't even know the rules of.\n\nThat's what brought me to create a PVP game with a level ground for everyone - every single player has the same amount of information about the game.\n\nI even took it a step further and chose to design it as a classic ponzi scheme.\n\nThe reason is that it's already familiar to most of you because of all the ponzinomics in crypto. *Meaning it will be intuitive to strategize in such an environment.*\n\nSo the bottom line is... If you want to degen why don't you degen in a game that offers the same potential upside you're after, except you're as well informed as the best player in the game?\n\n*That's my twisted thinking behind doing this, so please tell me if this is BS.* **Now onto the game:**\n\nYou can host your own or join an existing one. You get your ROI paid by subsequent players until the game expires.\n\nThe catch is that you can only withdraw after you reach the predetermined ROI threshold of up to 100% (meaning you lose your deposit if you don't).\n\nAnd since I know 100% ROI is not enough for most degens (including myself) - I made a special jackpot function.\n\nIt collects all unfulfilled deposits after the game expires and awards them to the very last player to join. This jackpot grows exponentially over time and could reach some significant sums.\n\n*In a classic ponzi the organizers strip this asset pot to themselves, but in my game it goes to the last player incentivizing people to join.*\n\nThe catch is that the game expiry clock restarts every time someone new joins.\n\nIt's already live on Arbitrum and uses ETH for games.\n\nThere's no token or anything like that - just pure fun. I did this a side project and would love some feedback. And yes I'm the creator you can ask for whatever proof you want.\n\nThis is VERY risky so don't play if you're not willing to lose. Even I don't know the full dangers and outcomes of such games because I just launched it and even though I'm a *self-renounced game theory specialist* it wasn't tested with masses of real people yet so it's all only predictions at this point.\n\nEDIT:\n\nThese are the contracts - https://github.com/swagamoney/ponzi.contracts\n\nYou'll also find the platform link there (for degens only)",
  "label": "r/cryptocurrency",
  "dataType": "post",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-04-25",
  "username_encoded": "Z0FBQUFBQm5LakwyS25PcGZ1LURTTUZkV25EbmI1NjIwVHRuVXNUSFN0Q2RzcTNkR2xod3JjR3poUmZPWHBXZzIxRVBKQV9zNEViUDFmY19yNVBJeW16RU5MNXFzemladGc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9GZGNDMFp0dE42Y2g2czFGa3JRcVBCRGJoRUduajJtdFNIU2VvSURkQmhNbU9zUnNaWVl4aHJCN3dCR2NhSnlqTXBySnBEUV8xRzdNZDNsSGpzNFhiRUZYWmU4M0JSV3BHVE1FWFRUTHNCVGtFd2QxUnoxTzNnNFk1NWZ2Z29DbDlpZHdDRnNNNkRza282aS1iemJsb0w0X19NdWZ1S2VrZkh3QS13ek55MzBON1JyNWp6UmYwMkJMUEhRWUF6Z3BiNkhXQmJhbnVEbHZVVTZYam9STVNUdz09"
}
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