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Crypto Kitties

2017-12-04 23:05:29.017415+00 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: 2017-12-04 23:49:59.701182+00 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 19:44:21.727296+00 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.

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