2017-12-05 00:05:29.017415+01 by Dan Lyke 2 comments
11% of Traffic on the Ethereum Blockchain Is Being Used to Breed Digital Cats. The application is Crypto Kitties, tamagotchi for this generation, but there seems to be a lot of speculation, so it's also digital Beanie Babies.
Addendum: CryptoKitties birthing fees increases in order to accommodate demand
[ related topics: Cryptography ]
comments in ascending chronological order (reverse):
#Comment Re: Crypto Kitties made: 2017-12-05 00:49:59.701182+01 by: TheSHAD0W
"We now have people using Ether, an asset with arguably little tangible utility to purchase an asset with unarguably zero tangible utility."
It's a game. It's entertainment. People spend assets on entertainment all the time. That's its utility.
#Comment Re: Crypto Kitties made: 2017-12-05 20:44:21.727296+01 by: Dan Lyke
Yeah, "utility" is such a nebulous term in economics (like "work"), that's kind of a bullshit statement: Pixar rendering kind of falls in the same place.