So here we are, a little over 5 weeks have past since the first Cryptokitties were born and now over 99,000 unwanted virtual kitties are up for adoption. I'm sure in time we will all look back and wonder just what went wrong. Sadly, we already know the answer and it's two-fold.
First, Ethereum... not much more needs to be said there. Second, the platform was a "1 hit wonder", it had no true gamification to it, no reason to continue coming back to play anything. A Cryptokitty turns out to be nothing more than a virtual token to hold Ethereum.
I'm not sure there is anyway to truly calculate the collective financial loss that was incurred by everyone who jumped into the kitty craze early on. Consider this, in the first days and weeks the cost of a new Gen 0 kitty issued by the platform was around 9-15 ETH, or roughly $3,600-$6,000 USD. Today the price of a new Gen 0 kitty has dropped to .19 ETH, or roughly $190 USD. That's a minimum LOSS in value of $3,400 USD if you held on to your Super Awesome Magical Gen 0 Kitty.
Sure, we heard about people flipping kitties in the first few days for 100+ ETH, like WTF? But the average person who got involved struggled to get 1 or 2 kitties on the secondary market place while fighting to figure out the Gwei/Gas/Limit math without a Phd in advanced mathematics.
As for the rest of us, well we hold a bunch of virtual kitties that have no entertainment purpose at all, they just sit there, the avatars are not even animated to distract us from the fact they have lost 85% of there initial value. Seriously, Gen 1 Fast Kitties are now only selling for $8 when we bought them for $50+, we paid at least $3 on fees just to acquire them.
The real winners in all of this can be found in the "terms of use"...
Launch Labs, Inc. d/b/a Axiom Zen ("Axiom Zen", "we", or "us") is making the App available to you.
That's were all the Gen 0 Kitty purchase money goes.
So, Now we move on to Fish...
Fishbank looks to be stepping up the gamification level and building in interactivity to the fish. We, the user and fish owners, will need to be actively involved to maintain the fish - and our the investment value.
What is Fishbank?
A peer-to-peer (P2P) player-versus-player (PvP) game for growing, fighting and trading unique digital fish with community-driven economy and immutable gaming assets based on smart contracts running on the Ethereum blockchain.
But, at least here we all have a chance to pick up a starter fish or two for FREE during the invite-only pre-alpha phase!
If you want in while you can still get a FREE starter fish, you need to sign up with an invite link by January 20th and invite other people with your own link.
Go sign up while it's still FREE!
http://my.fishbank.io/go/25620
Then, in a month or so, we can all come back and discuss the good and bad of the next virtual crypto pet.
Let me know what you think, please leave your comments below.
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Thanks for reading!
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Buddy check out what I found, some crazy dude is copying your post.
https://steemit.com/bitcoin/@tarekstronghold/all-those-poor-homeless-kitties-can-fish-do-better
Thank you for catching that, I flagged it with all my $0.28 :-)
Your welcome and if you like I can give him a flag as well just let me know!
This is very interesting.. I learned about these kitties end of last year and thought about buying one to see what it was all about, but never did. I couldn't wrap my mind around the purpose of having one of these illustrations that didn't seem to create that much unique-ness to each one.. idk. This fish thing seems cool being that it requires more interactivity - it does seem to carry more of a purpose. Thanks for sharing the info - I had know idea the kitties had crashed!
Ahhhh he is still into the fishing :D
You really believe this is going to be something? My lazyness has taken over for these free fishes until now haha
Well you can't go wrong with FREE :-) at least it gives a way to get in and see what it's all about with no upfont $ risk.
I laughed harder and longer about those little cats than I have in years.
I didn't go overboard with buying and breeding them, as I could quickly see that it wasn't profitable, but the money I spent was worth the entertainment.
At first I thought some of my cats had started breeding on their own, until I figured out that this is impossible. Perhaps if they had the ability to breed on their own, it might be a bit more fun.
I'm sad to hear how many are alone and up for adoption. I tried to adopt a few of mine, but I just decided to keep them.
cat love the fish always. if they found anywhere fish they do all the efforts to catch this.
Konten yang sangat bagus, saya menunggu yang selanjutnya
also good like your art job!
speculation and hype are things worth learning how to navigate in this digital age. it's easy to be carried along with the notion that something is cool if enough hype is carried along with it.
hahaha... nobody said life was easy.
Good
with fish will be the same as with cats. a high price for gas makes any game on ETH costly. this is a financial pyramid
Ha, got the same idea like you; and ways better: we need a bonsai game combined with PoS revenues....