fair3d.me Dangerous Blockchain Game & Nash Theory
What is this?
As any user at any time, I’m presented with two options:
Bid/Change Bid or Not
If You bid and Someone does not, you win the game — 90% of the pot. Big win! There’s also a chance You may get a share of the 10% remaining.
If You bid and Someone also bids, You won’t get the pot but there’s a chance You’ll share the 10% second prize. :) They may get a share of the 10%.
If You do not bid, and they do not, y’all lose.
If You do not bid, and Someone else does, they stand to gain more.
Notably this assumes you’ll win the lottery — it could actually be a negative EV event otherwise. DYOR.
Disclaimer: this is my code, a fork of Metaplex, anyone can review here https://github.com/dunncreativess/fair3d