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It’s the furthest cry possible from Three Buck Chuck: A bottle of a 1945 Romanee-Conti, one of just 600 bottles produced that year by the maker of what’s considered France’s best Burgundy, has sold for an eye-popping $ 558,000 in New York on Saturday. The wine was made just before…
“It may look funny but harming our historic monuments and public property is no laughing matter, in fact, it’s a crime,” the city of Savannah, Ga., said in a Facebook post detailing the nature of the crime. It seems that someone thought it would be clever to give the city’s…
The Philippine president criticized the military and claimed he had evidence of an assassination plot against him, after the Supreme Court declined to intervene in a tense political standoff with his most vocal critic.
WSJ.com: What’s News Asia
I was standing across the counter from the lady at the hole-in-the-wall dry cleaners and I was getting irritated.
Fomo3D, a controversial but highly popular ethereum gambling game, has its first jackpot winner. The aim of the game is to purchase the last key before the timer goes to zero, whereupon it rests for 24 hours. After months of speculation over whether the timer would ever be allowed to reach zero, the question has finally been answered. While the ponzi-like game continues, observers are performing a post-mortem in a bid to crack the secret to the winner’s success.
All Bad Things Come to an End
Fomo3D, it was widely agreed, was an extremely dubious game from an ethical perspective, tapping into the greed of others to create an ever-increasing pot of ether, whose growing size would entice others into taking part. “Despite the near certainty of getting rekt, gamblers have been throwing their ether into Fomo3D with wild abandon,” we reported last month. “The game, like most of the overt ponzi schemes to have dominated the ethereum network, found traction on 4chan’s /biz/ message board before going viral.”
While respectable figures within the cryptocurrency space were swift to condemn the game and others like it, such as Proof of Weak Hands, they were also drawn to it as observers. Its car crash nature, coupled with its potent blend of game theory, mathematics, and psychology, made for a heady concoction that intoxicated all who imbibed it. At its peak, Fomo3D was responsible for 150,000 ethereum transactions a day and the most popular dapp on the network aside from IDEX. Around 2am EST this morning, what proved to be the winning transaction was sent, amounting to 10,469 ETH, just short of $ 3 million at current prices.
Questions Abound in the Wake of an Oversized Win
The question on everyone’s lips in the wake of the round one jackpot being claimed is how? How did this individual succeed where thousands had failed before them? Was it simply the case that no one purchased a key after them, and thus the timer was allowed to reach zero? It has been postulated that the winner managed to fill all of the available space in an ethereum block somehow, preventing anyone else from being able to push through a transaction to purchase a key. Others believe the winner may have used a bot to somehow control the game. Normal ethereum blockchain congestion has been discounted as an explanation.
A full post-mortem will likely be made available by some diligent researcher in the coming days. Issues of interest will include ascertaining whether the winner was genuine in adhering to both the rules and spirit of the game, and in being unaffiliated with its development team. The 10,469 ETH bounty went to this address, which has been extremely active over the past 12 hours, reinvesting much of the ETH back into Fomo3D, as well as sending 4,236 ETH to this address, which currently holds over $ 1.5 million ETH.
Meanwhile, round two of Fomo3D continues unabated. With players incentivized to FOMO into new rounds at the earliest available opportunity to maximize the dividends they can earn, there would appear to be no end in sight; the second round jackpot has already surpassed $ 1.8 million. The FOMO is real, and the game continues until the timer reaches zero all over again.
Do you think games like Fomo3D are damaging for the ethereum ecosystem, or do they help to raise interest? Let us know in the comments section below.
Images courtesy of Shutterstock, Fomo3D, and Twitter.
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A recently conducted study has reportedly found that 75% of millennials would be more likely to date someone who possesses knowledge about cryptocurrencies. The survey comes amid apparently increasing fascination with millenials’ views regarding cryptocurrencies.
Also Read: Kim Kardashian Receives Her First Bitcoin
Surveys Probe Millennials’ Views on Crypto
An increasing number of companies have published surveys probing the views held by millennials regarding virtual currencies.
A recent study claims to have found that “Over 75% of millennials [are] more likely to date someone knowledgeable about cryptocurrencies.” Despite the find, the survey also revealed that 12% of respondents would “rather date a non-violent felon” than “someone who has all their savings in cryptocurrency.”
Of the millennial participants, 40% indicated that they currently own cryptocurrencies, with 48% of males and 26% of females reporting to currently hold virtual currencies.
The survey also noted several “interesting items respondents have paid for with cryptocurrency,” including “a dog, a wedding, and 4 cases of Sriracha.”
1 in 10 Millennials Cash Out Crypto to Afford Down Payment on Home
At the start of the month, it was reported that a survey focusing on U.S. resident ages between 24 and 38 who indicated that they were planning to purchase a home in the next 12 months found that 10% of millennials have sold cryptocurrencies in order to finance their down payment.
A U.K. survey of millennials, crypto, and property published last month found that more than one in five (21%) of 21 to 35 year-olds see bitcoin as a better investment than real estate. “For Millennials the soaring performance of Bitcoin – followed by an almost equally profound correction – holds more intrigue than the prospect of steady growth in house prices,” the survey said.
Additionally, a recent survey of 18 to 35-year-old Canadian investors found that 40% describe cryptocurrencies as producing high returns, whilst 39% of all 18 to 34-year-old Canadians identified crypto as a high performing investment.
What is your response to the findings of the surveys being conducted into millennials’ views regarding bitcoin and cryptocurrencies? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
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The post 75% of Millennials are More Likely to Date Someone Who is Into Bitcoin appeared first on Bitcoin News.
A newly released report on the mysterious 2014 disappearance of Malaysia Airlines flight 370 concludes that someone aboard the doomed commercial jet intentionally steered it off course. Per CNN , investigator Kok Soo Chon announced the long-awaited findings at a news conference near Kuala Lumpur on Monday. He said the investigation…
Judge Andrew Napolitano: Farewell to someone I loved with all my heart – who gave me his values and much moreJuly 26, 2018 | dailybusinessnews
Last week, in Ridgewood, New Jersey, a 92-year-old unsung American patriot lost his battle with congestive heart failure.
Ashley Loring liked writing poetry, riding horseback, and experiencing the low rumble of distant storms. “She wasn’t scared of anything,” her mother Loxie says at Blackfeet Indian Reservation in Montana, per NPR . “And for how small she is, she was…” At that point Loxie fights back tears for her daughter,…
Muhammad Ali’s ex-wife says Donald Trump is wasting his time if he’s considering pardoning the legendary boxer … telling TMZ Sports he should focus his energy on the LIVING! We spoke with Khalilah Ali — who was married to Muhammad from ’67…