The premise behind all this is pretty cool with the smart contract basically operating its own unique system. It just shows the value of the Ethereum network. This particular use case is a zero sum game meaning some people will win, and some will lose. Either way its a novel approach, and I expect to see it in a computer science textbook in a few years.
If this stupid idea made it into an CS textbook, i would be so happy. Its an interesting system for sure, an so far it hasnt crashed to 0, God bless smart contracts, Bitconnect has nothing on this!