All the publications regarding cryptocurrencies in the past weeks formed an analogy in my mind to gaming. One of the most popular Baby Boomer/GenX electronic game as well as my personal favorite was PAC-MAN. The game consists of strategy and speed with a clear object to eat as many PAC-DOTS to get the highest score. I wondered how people who enjoyed the PAC-MAN game would continue to enjoy it if they played under the concepts listed in Satoshi Nakamoto’s white paper on cryptocurrencies.
In my fictitious game, I replaced the PAC-DOTS with Bitcoins. Is PAC-MAN going to lose his Bitcoins to the fickle blue enemy or survive? The player’s quick strategy on the course through the maze will determine PAC-MAN’s fate. Playing with Bitcoins poses some extra challenges that are out of the player’s control which is the computer network that the game resides on may slow down to a screeching halt preventing you to be able to quickly maneuver through the maze. Another challenge is a hacker might takeover your game and steal your Bitcoins. There are 21 million Bitcoins total to be dispersed amongst all players of the game. Unfortunately, the amount of Bitcoins left to be dispersed is unknown due some players threw out their computer hardware or technological glitches interfered. The race to get as many Bitcoins as you can is on. Whoever has the most Bitcoins wins. Once all the Bitcoins are dispersed the game turns into a trading game. Imagine a Monopoly with Bitcoins type of game.
Important information every player should know about my fictitious game before playing is there is an entry fee to play PAC-MAN with Bitcoins. Disclaimers that are not published but should be known before playing is the concept of the rules is open to interpretation and may be negotiated. Point value and entry costs are not guaranteed to the player. The creator of the game is unknown. No regulation exist. Players play at their own risk. Volunteers support the operation of the game and are compensated with Bitcoins.
If my fictitious game sounds appealing then you must be a risk taker that doesn’t get phased by a volatile environment. Gambling or playing the lottery could be compared to my fictitious game. An important difference is at least those games are regulated.