The rules of this game are pretty simple: Blocks on the bottom layer cost 0.005 ETH. Blocks on each next layer cost twice as much:
Layer 1: 0.005 ETH
Layer 2: 0.01 ETH
Layer 3: 0.02 ETH
Layer 4: 0.04 ETH
etc...
When someone places a block on top of yours, you get half the value from that block. So, when one block has been placed on top of yours, you've made your money back. When two blocks have been placed on top of yours, you've doubled your money!
There's a 0.5% fee. At the time I'm writing this, 1777 blocks have been placed. The highest block is at layer 10: 2.56 ETH An interesting aspect of this game is that you can never definitively lose. Either you win soon, or you wait a while longer until you win.
It works with MetaMask, Mist and Parity.
Post
Topic
BoardAltcoin Discussion
Re: [VTC] Vertcoin Official Faucet
by
Jesbus
on 25/01/2014, 19:56:22 UTC
Vm8g7SnSAVqQvH39f5wMiySSVQ8C9giWkN Thank you in advance
Post
Topic
BoardBitcoin Discussion
Re: Electronic Referendums with Checks and Balances
when the election takes place directly, where the voters get their address, then this is removed - or has the same impact, which is in the old system, where it is also possible buy the vote from somebody upfront.
In 'normal' elections the voter cannot prove to the buyer of the vote that they actually voted for what the buyer wanted. However with the bitcoin system they can prove it, because of the public blockchain transaction.
Post
Topic
BoardBitcoin Discussion
Re: Electronic Referendums with Checks and Balances
by
Jesbus
on 22/01/2014, 08:47:59 UTC
People could buy/sell votes from/to eachother. You might be able to prevent it in some way, but that would likely remove a lot of the benefits of this system. Or do you think this isn't a problem?