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Reddit Cofounder Sees Ethereum At $1,500 By Jan. 1

Reddit Cofounder Sees Ethereum At $1,500 By Jan. 1

Reddit Cofounder Sees Ethereum at $1,500 by Jan. 1 By Rakesh Sharma | May 4, 2018 3:21 PM EDT Online social media platform Reddit, which stopped bitcoin payments on its platform earlier this year, is turning bullish on cryptocurrencies . In an interview with Fortune magazine , Reddit co-founder Alexis Ohanian expounded on their potential and predicted a price target of $1,500 for ethereum and$20,000 for bitcoinby the end of this year. Both cryptocurrencies are trading at less than half that figure, currently. The companys chief technical officer ,Chris Slowe, also told Cheddar that it will again introduce cryptocurrency payments on its platform.Slowe told Cheddar that the company will add ethereum and litecoin the cryptocurrencies supported on Coinbase s platformto the list of coins supported by it. (See also: RedditStops Accepting Bitcoin .) Why Ethereum (And Cryptokitties) Is Important Ohanian told Fortune that he is most bullish about ethereum because its platform is popular with developers. That popularity will lead to more applications and experimentation on the platform. Ohanian illustrated his theory with the example of Cryptokitties, the app that burst into popularity last year. The app is actually a game, where virtual cats can be bought, bredand sold. When it was launched, Cryptokitties was responsible for slowing down the speed of transactions on ethereum by hogging bandwidth. (See also: CryptokittiesRule Traffic on Ethereum's Blockchain .) Ohanian says its popularity will grow with time. According to him, pet owners can meet and discuss their cats antics in spaces set aside for them in the physical world. But a similar experience wasabsent online and this was the reason for the popularity of internet cats. So we have no way to meet and talk about our silly Continue reading >>

Cryptokitties Is Dying... Fast! : Cryptokitties

Cryptokitties Is Dying... Fast! : Cryptokitties

It was NOT pitched as a way to trade and make money. It was pitched as first cryptocollectible. It wouldnt have made sense to market it as way to make money because where people earn money, others people "lose" this money. It is absolutely possible to make money on CK. There are a lot of people who make gains at falling prices. Whatever YOU as a vendor think is "reasonable" is irrelevant unless you dont find a buyer who agrees with you. At the moment your prices are imho not at all reasonable, since it is possible to get the same cat cheaper at the market - so why would I buy from you? That being said, it is hard to say what the right conclusion is. I personally think breeding random kitties is not really a good approach if you care for money. If you want to make money, there are ways, but people wont tell you their strategies, because they would lose their edge. What is rare and what not develops over time. I wouldnt spend more than 50$ for a cat with elk cattribute since it doesnt seem to remain rare in the near future. Id rather spend money on gen0 kitties, early kitties (ID 1.001 > 100.000), funny number kitties, good looking kitties and so on. What rarity will mean for CK has yet to be decided. So the prices of cats are declining which I think everyone expected, since cats are being created 24/7 without a sink. But this has nothing to do with the game dying. If they can find a sink for the cats and keep adding more updates and involvement with the cats the game will be fine. It will stabilize, and there will be a spike of new players when the mobile app is launched and translations for other countries is launched, which both, the devs said they were working on. And since you want evidence according to these graphs the game is declining a lot slower if not stabiliz Continue reading >>

Github - Cryptocopycats/awesome-cryptokitties: A Collection About Awesome Cryptokitties (yes, Cute Little Cartoon Cats) On The Blockchain! And Cryptocopycats - Digital Collectibles Secured On A Distributed Public Databases W/ Crypto Hashes. Are Cryptopuppies The New Cryptokitties? Learn By Example From The Real World (anno 2017) - Buy! Sell! Hodl! Sire!

Github - Cryptocopycats/awesome-cryptokitties: A Collection About Awesome Cryptokitties (yes, Cute Little Cartoon Cats) On The Blockchain! And Cryptocopycats - Digital Collectibles Secured On A Distributed Public Databases W/ Crypto Hashes. Are Cryptopuppies The New Cryptokitties? Learn By Example From The Real World (anno 2017) - Buy! Sell! Hodl! Sire!

CryptoKitties (Yes, Cute Little Cartoon Cats) on the Blockchain! Collect and breed digital cats. Start meow. Buy! Sell! Hold! Q: What's CryptoKitties? What's the big deal? CryptoKitties is centered around breedable, collectible, and oh-so-adorable creatureswe call CryptoKitties! Each cat is one-of-a-kind and 100% owned by you (*);it cannot be replicated, taken away, or destroyed. CryptoKitties is built on blockchain technology.You can buy, sell, or trade your CryptoKitty like it was a traditional collectible,secure in the knowledge that blockchain will track ownership securely.But, unlike traditional collectibles, you can breed two CryptoKittiesto create a brand-new, genetically unique offspring.It results in something specialjust like you! (*): See Q: Do you really own your CryptoKitties? A: Spoiler: No. Learn more @ cryptokitties.co ,medium: cryptokitties ,twitter: CryptoKitties ,reddit: CryptoKitties All I want for Christmas is a CryptoKitty. Reigning Cats -How to buy cryptocurrency Ethereum is it worth as much as Bitcoin and what are CryptoKitties? , The Sun, Dec/28 - Players can buy and sell virtual cats for as much as $10,000 on the new digital currency - with their rather valuable 'Cattributes' CryptoKitties, Explained ... Mostly , The New York Times, Dec/28 - Why are $20 million and 180,000 people suddenly in the market for digital cats? We gamified the blockchain. Note: For official (twice weekly) updates / timeline see updates.cryptokitties.co . 2017 Oct/19 - CryptoKitties alpha test starts at ETH Waterloo (in Ontario, Canada) - an Ethereum hackathon; hundreds of users bred thousands of cats 2017 Nov/22 - CryptoKitties contract scripts uploaded onto the public Ethereum blockchain 2017 Nov/23 - CryptoKitties closed beta starts; one of the top three most active Continue reading >>

Cryptokitties Reddit

Cryptokitties Reddit

Article: In Defense of CryptoKitties by Richard Chen (Blockchain analyst at 1confirmation. Stanford CS) great articles yes it,s possible crypto games like cryptokitties and crypto collectables like cryptopunks could be a huge market in the coming years but a lot of new games are coming new competition axies is getting popular it,s the next generation blockchain game. cryptokitties has to come with new features if it,s doesn,t want to lose market share in the coming months FYI: Find (more) commentary about the "In Defense of CryptoKitties" article in the hacker news post @ . A lot of good points here, I think it depends on the perception though Its not fun and expensive just because you decided to get as much fancies as possible, if you dont like the process that much why not let other people spend their money? If someone wanted to monopolize the fancy but as the result have no money and a lot of cats no one wants to buy for more than the breeding fee, maybe its a lesson not to be greedy and not to rush next time? If you believe the fancies are special and should worth more, just hodl, right? The problem is actually similar to any other kind of cats in the game, people breed more than they can sell, then start undercuting each other and complaining :) Its a game, the most players will spend more than they will ever earn, so maybe we just should adjust our expectations? I also believe that prepared players should have advantage, it will support players how dont want to hurry and focus on exact trait instead You can buy purebreds relatively cheap when there is no demand for them, get few of each trait - you will support the game economy and be better prepared for the next fancy/mewtation My hope is that with the new fancies, they utilize later GEN's. Pushing the Gen's peo Continue reading >>

Tip: How I Was Profitable Starting This Game Yesterday : Cryptokitties

Tip: How I Was Profitable Starting This Game Yesterday : Cryptokitties

EDIT: I would not recommend doing this anymore. The market has tanked and this will not net you any profit anymore. I started yesterday with $200 and I've made probably $300+ profit. It's not a lot at all, I could make way more but I gave lots of kitties away to friends so they could get started on their cat adventures. And I could have made way more if I started earlier but I started so late. But I had tons of fun! I'm writing this because I see tons of post about people not knowing what to do and are losing money buying useless cats. I think there are a lot of people who know how to game the system right now but they're staying silent to stay profitable. I'm no where making as much money as most people here but I'm not losing money so I'll try to help. Also the only reason why it's so profitable because there are so many people who don't know what to do so they buy terrible expensive kitten (My coworker bought a kitty for $75 and it was gen 20 with all common traits...). Install this script ( ) It will tell you which trait is rare and how rare it is. It will color in the trait that is more rare and give you the % rarity. Update it often by checking up on it because the trait rarity changes every day. Go to this site to look for a kitty ( ). This will show way more kittens than the actual marketplace per page and will allow you to go deeper without conflicting with bots trying to buy cheap kitties. Go here to figure out which traits are rare ( ). At the bottom of the page, it will show you in order the rarest traits and how many cats have those traits. More rare = More $$ I would look for decent kitties usually around the $25-30 range. You want to click into every kitty that is a low gen (gen 0 - 10 is pretty good) with a bunch of rare traits and a fast cooldown (anyt Continue reading >>

Cryptokitties News | Raises $12m After First Investment Funding Round

Cryptokitties News | Raises $12m After First Investment Funding Round

CryptoKitties News: Axiom Zen Raises $12m in first funding round The cryptocurrency market is, without doubt, the most lucrative and profitable market in the history of the worlds economy. Thanks to the development of blockchain technologies, it is possible to conceive of many applications that go beyond the purely economic sphere. The exponential growth rate of blockchain adoption, the constant technological advances and the high levels of profitability associated with the world of distributed ledger technologies, made it evident that sooner or later, game developers would join this technological revolution to take advantage of its benefits. With the introduction of the Ethereum platform, smart-contracts made it possible to develop a new gaming technology in which players could tokenize their assets and assign real value to them. Not only that, because the blockchain is immutable and auditable in real time, the possibility of hacker-proof game development has become a reality. How can you download a cracked DLC if the platform you run your game on would never even accept the existence of that content? One of the first gaming ventures to unite the best of both worlds (gaming and blockchain) was CryptoKitties: a fairly simple but innovative game. Players have kittens that they can sell, buy, breed and raise. The innovative aspect is that each kitten consists of a smart-contract that makes it immutable, indivisible, impossible to clone and by the way they are designed as an ERC-721 token players actually have to buy Ethereum in order to have them. Since its inception, the game has registered at least $23,266,439.10 or 42223.19 ether in kittens sold , with some kittens exceeding $100,000 in value. Its success was so overwhelming that within less than a month it clogged up Continue reading >>

Addressing The Kitty-equivalent Of Insidertrading

Addressing The Kitty-equivalent Of Insidertrading

Addressing the Kitty-Equivalent of InsiderTrading Why some CryptoKitties team members cant play the game theybuilt Since day one, weve had a policy that members of the CryptoKitties Team with knowledge of our genetic algorithm or breeding formula cannot buy or breed cats. In a recent Answers Session with TNW , a community member asked why this was after all, it gives those developers a blind spot. You can read our full answer on this post or via TNW , but heres the short version: The policy ensures no one with insider knowledge can influence, abuse, or otherwise profit unfairly as a result of privileged information It does create a blind spot, but this issue is mitigated by the rest of the CryptoKitties team, and the rest of the larger Axiom Zen organization, who are allowed to play the game (although we strictly keep any info about the genetics and the Fancy recipes secret from them). Its a policy weve been discussing internally precisely due to the previous point. One of this weeks top Reddit posts on r/CryptoKitties made reference to a user who was the first to breed a suspiciously large number of Fancy Cats specifically Earnie, Momo, and Negato. The author wasnt making any accusations, but it seemed like a pretty big coincidence and they were (rightly) concerned about the sanctity of the in-game economy and the principle of fair play. While, that may be a coincidence I am just voicing my concern, [leaking] insider fancy information would be a great detriment to this game. We share these concerns, and these coincidences prompted us to investigate the issue thoroughly. Were happy to report that the user in question is not a member of our team, and a close review of their actions did not indicate that their breeding activity was influenced by privileged information. H Continue reading >>

Bitcoin Fever Turned Me Into A Cat Pimp

Bitcoin Fever Turned Me Into A Cat Pimp

Ive made a lot of bad financial decisions in my life. As a child, I spent over $50 on a water gun that I probably used twice. In the early aughts, I bought an iPod instead of dirt cheap Apple stock. In my late 20s, I dropped my life savings into a startup with a moonshot of turning a profit. The same sum invested in bitcoin in that era would have made me a mega-millionaire. But it wasnt until I was staring at a $45 digital cat, a glorified piece of clipart with lilac fur and buckteeth, earnestly weighing its merits as an investment in my portfolio, that I knew: My bad financial decisions had only just begun. Im trying CryptoKitties, a runaway internet phenomenon that combines blockchain technology (think bitcoin) with collectible keepsakes (think Beanie Babies). You dont need to grasp the fundamental technologies at play to understand the collector appeal of CryptoKitties. Every single cat is unique, a genetically determined combination of traits that have led some kitties to be sold for as much as $110,000.Each CryptoKitty can be bought and sold and bred to make more kitties. And while theyre powered by neat technology, ultimately, each CryptoKitty is just a picture of a cat that you, or anyone, can load up at will. You dont even need to own it to see it. At this point, you probably fall into one of two camps: You either still have no idea WTF CryptoKitties are (in which case, keep reading), or youre kicking yourself for missing the CryptoKitty cryptocollectible launch and cashing in quick (in which case, keep reading). Two months since their release, CryptoKitties have been the single most successful application built upon the ethereum network one of the hottest bitcoin alternatives in the world thats capable of running its own apps, currently sitting with an $86 bil Continue reading >>

To The Person Who Paid $30 For My Useless Cat : Cryptokitties

To The Person Who Paid $30 For My Useless Cat : Cryptokitties

I feel actually bad about this. Stupid cryptokitties, making me feel bad about selling a cat at an inflated price. I put my Gen 20ish shit-cat, with 0 desirable traits, with 23 hours left for resting, on the marketplace at .045 ETH. And someone bought it. And named it Garfield. And it's their only kitty. And I can't help but feel like this person, this naive lover of adorable digital collectibles, got him because he was the least expensive cat they could actually get a transaction through for (because no one else, not even the bots, wanted it), and they just really wanted one little cryptokitty. So, person, I hope you're happy with little Garfield. I hope he brings you joy, and I hope he some-fuckin'-how births you a chartreux mainecoon and that you sell him for a million dollars. Edit: The kitty in question: Edit #2: Garfield has a kittybuddy thanks to the wonderfully generous u/nickjohnson , who gifted it to the poor soul that bought Garfield. YOU THE REAL MVP U/NICKJOHNSON! Edit #3: GARFIELD HAS ANOTHER KITTYBUDDY! u/pingucat graciously donated another friend to Garfield's owner. My Garfield-guilt is pretty much gone now! Edit #4: u/lucky_rabbit_foot joins the kitty train and has given Garfield another friend/potential lover! This is incredible, you guys are awesome, and VixT's gotta be confused as shit which honestly just makes me so happy to think about. Continue reading >>

The Big Business Of Cryptokitties Is Being Automated

The Big Business Of Cryptokitties Is Being Automated

The Big Business of CryptoKitties Is Being Automated Great, now digital kitten mills are a thing. The most popular use of Ethereum right now isnt startup fundraising or anything even remotely useful. Instead, people are sucking up Ethereums resources to breed and trade digital cats called CryptoKitties. Theyre basically Beanie Babies, except they dont physically exist, and so far the Ethereum community has collectively spent over $2 million USD on them. With so much money on the line, some CryptoKitty players are coding tools to automate parts of their digital kitten mills, mostly with apps that scan for high-value kitties. At least one tool on GitHub, an online repository for open source code, purports to be a trading bot. Organic CryptoKitty traffic is already clogging up the entire Ethereum network , and the specter of bots has made some manual users understandably frustrated . Read More: 11% of Traffic on the Ethereum Blockchain Is Being Used to Breed Digital Cats CryptoKitties is an app by Canadian startup Axiom Zen, and it was introduced to the world at an Ethereum hackathon at the University of Waterloo in October. The game works like this: the CryptoKitty code continually generates new, basic cats (called gen0 kitties), which the community then breeds and trades. Breeding two kitties involves sending some ether, Ethereums in-house cryptocurrency, to smart contracts that use the two base values to create a new one: a brand new kitty! Its all on the blockchain, in public view, which means that every CryptoKitty is provably unique. Some kitties have sold for as much as $75,000 USD . One Reddit user, who posted that they (manually) buy cheap gen0 cats just to breed and sell, told me in a private message that they are considering canceling a vacation to the Grand Ca Continue reading >>

Cryptokitties: Blockchain Game Makes Ethereum And Cryptocurrency Fun | Inverse

Cryptokitties: Blockchain Game Makes Ethereum And Cryptocurrency Fun | Inverse

The revolution will not be televised. It'll be sent to your inbox by us. Theres no question, cats are the rulers of the Internet. Our feline overlords are on the front page of reddit every day, in countless Youtube videos, and now theyve taken over the cryptocurrency and bitcoin competitor Ethereum. CryptoKitties is a game where users can collect, trade, and breed virtual kittens using smart contracts on the Ethereum blockchain . Over the past couple days, the game has exploded in popularity. It was officially released on November 28th and Axiom Zen , the Vancouver and San Francisco-based tech company that made the game, already had to raise the price of joining because the sudden influx of new players was jamming up Ethereums network. Due to network congestion, we are increasing the birthing fee from 0.001 ETH to 0.002 ETH. This will ensure your kittens are born on time! The extra is needed to incentivize miners to add birthing txs to the chain. Long-term solution will be explored very soon! CryptoKitties (@CryptoKitties) December 3, 2017 But what exactly do cats have to do with cryptocurrency? First off, CryptoKitties is built on the same thing that makes cryptocurrency possible, blockchain technology. All you have to do is buy some ether and use it to pay for your very first feline friend. Once you buy your first kitten, that transaction gets added into the blockchain as a permanent receipt of your purchase. CryptoKitties is sort of like buying a virtual toy, except with digital scarcity literally built into the purchase. Theres no central authority overseeing the game, with everything instead decentralized and tracked on the blockchain. That permanent online record is meant to guarantee the kitties you buy and the money you spent wont just disappear overnight. The Continue reading >>

Hacking The Cryptokitties Genome

Hacking The Cryptokitties Genome

My friend Anshul recently told me about CryptoKitties. I had heard about it clogging up the ETH pipes and causing the price to drop but had not realized what an amazing design the CryptoKitties team had realized. CryptoKitties are basically breed-able beanie babies built on top of the ethereum blockchain. And yet, they are also so much more than that: CryptoKitties are a digital playground where programmers, geneticists, and experts in economics, bioinformatics, machine learning and game theory can come together to learn and play. For those of you new to CryptoKitties, have a look at the Mashable guide ; this will teach you the basics of the CryptoKitties game system. To get a better view of exactly just what a kitty is you can go through the CryptokittiesCore contract . Youll find that a CryptoKitty is basically a struct on the EVM that looks like this. function isGeneScience() public pure returns (bool); /// @dev given genes of kitten 1 & 2, return a genetic combination - may have a random factor /// @return the genes that are supposed to be passed down the child function mixGenes(uint256 genes1, uint256 genes2, uint256 targetBlock) public returns (uint256); Wow a secret. This is THE secret. If youve been playing cryptokitties you know this is how kitties are produced. Youll notice that siring kitties produces offspring in a manner that feels intuitive: features get passed on from parents to offspring sometimes but not always, sometimes skipping generations. This is the code that runs at the conception of cryptokitties with non-zero generations. A brief genetics remedial from your 10th grade biology class A phenotype (from Greek phainein, meaning to show , and typos, meaning type) is the composite of an organism s observable characteristics or traits , such as its mo Continue reading >>

This Man Has Made More Money Trading Cryptokitties Than Investing In His Ira

This Man Has Made More Money Trading Cryptokitties Than Investing In His Ira

This man has made more money trading cryptokitties than investing in his IRA CryptoKitties, a game where users breed and trade digital kitties using Ethereum-based smart contracts, has emerged as the latest mark of societys obsession with rising cryptocurrency values. In some ways, the popularity of the game reflects the skyrocketing values of digital currencies like Bitcoin and Ether. Total sales on the platform created by Canadian startup Axiom Zen have reportedly hit $12 million, according to Coin Telegraph , as some cats with rare attributes have been sold for upwards of $80,000 . Cryptokitties are generated by code, and bred by spending Ether tokens on smart contracts that use two base cats to create a new one. Each resulting cat is unique and persistent, recorded on Ethereums public ledger. While the game has proven wildly popular, CryptoKitties has also been plagued by network slowdowns, little game progression and automated bots that snipe deals. Its also placing a new load on the currency itself. The game has slowed down the Ethereum network by as much as 11 percent, Motherboard reported last week. But as the first successful game built on the Ethereum network, CryptoKitties success has hinted at the greater potential of apps powered by blockchain technology and given rise to a new wave of cryptocurrency speculation. Like Bitcoin and Ethereum, CryptoKitties allowed speculators to make a lot of money if they got in at the right time. One of those speculators is Todd, who wished to remain anonymous in order to disclose personal financial details. While we talked, the CryptoKitties site dipped in and out of commission. Todd is a 30-year-old entrepreneur and software designer from Austin, Texas. Hes also been the owner of 35 cryptokitties , an extension of his bro Continue reading >>

What The Hell Are Crypto Kitties?

What The Hell Are Crypto Kitties?

I read some topics on reddit about crypto kitties and some people that they sold their kitties for 250ETH? WTF? I read some topics on reddit about crypto kitties and some people that they sold their kitties for 250ETH? WTF? I have no clue what it is, but I am 100% sure it is the reason why the Ethereum network is bery slow at the moment. I need to pay 50 Gwei in order to have a normal speed transaction. Even with that Etherdelta is giving errors. So and how do I start there? Do I need to pay something? I read some topics on reddit about crypto kitties and some people that they sold their kitties for 250ETH? WTF? I have no clue what it is, but I am 100% sure it is the reason why the Ethereum network is bery slow at the moment. I need to pay 50 Gwei in order to have a normal speed transaction. Even with that Etherdelta is giving errors. You are right, this game devours 15% of the ether network, and already as the second day the ether network got up. I can not imagine if we allow several such projects to be launched simultaneously, we will bury the ether forever. I read some topics on reddit about crypto kitties and some people that they sold their kitties for 250ETH? WTF? Cryptokitties is a game that is built in blockchain technology, the process is you will buy cats using Ethereum and breed them so you can earn by selling or trading them and also you will need to install metamask wallet on your pc or laptop to be able to get started. I also heard about it yesterday but I never tried play this game, but it is now trending because while playing you can also earn money, this is also the reason why Ethereum blockchain is congested and now experiencing scaling issues. Here's their official site: I read some topics on reddit about crypto kitties and some people that they sold Continue reading >>

The World Of Cryptocollectibles Like Cryptokitties Looks Like The Internets Early Days

The World Of Cryptocollectibles Like Cryptokitties Looks Like The Internets Early Days

The world of cryptocollectibles like CryptoKitties looks like the internets early days What does that mean for people who have no idea what cryptocollectibles means? In yet another example of the internet folding in on itself, you can buy and sell rare Pepes using PepeCash, a cryptocurrency that ultimately relies on the Bitcoin blockchain. You know Pepe from a number of alt-right memes, like this one , and, terrifyingly well, theyre all terrifying this one . These Pepes are part possibly the first of the recent fad of cryptocollectibles, one-of-a-kind art pieces that individuals can purchase and therefore own thanks to blockchain technology. If youve heard about this recently, it is because CryptoKitties, these goopy-eyed creatures , made a splash in early December by overwhelming the Ethereum blockchain because so many people wanted to own them. Overall, the idea behind CryptoKitties was to make cryptocurrencies/the blockchain approachable for those who arent crypto-savvy and bring true ownership back to a realm where its largely dissipated the internet. But instead of opening the opaque world of cryptocurrencies up to the crypto-illiterate masses, these strange, virtual collectibles may prove to be even more alienating by relying too much on internet culture to appear . . . appealing. Just take my editors response when I introduced him to the CryptoKitties website: Oh. Ew! To be clear, the rare Pepes are not trying to appeal to the masses. However, other cryptocollectibles have spurred a lot of both digital and analog creativity from its users, all of which may prove more accessible than the collectibles themselves and may even result in increased adoption. Since not everyone reading this has been eyeballs-deep in cryptocollectibles for the past couple of days, heres Continue reading >>

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