EV
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Sebastian Park
0x9C22
December 17th, 2021

When someone walks down the board game aisle of a hobby store*, they might notice the markings for the number of players a game can support. Chess? 2 players. Settlers of Catan? 3, 4, 5 or more with expansions. Bridge? 4 players (exactly).

Additionally, games have different player requirements for the game to be “fun”. While it’s easy to play Solitaire with 1,2, 3, or more people playing together (with friends commenting and strategizing together), it’s impossible to play Bridge with fewer than 4.

Go one layer deeper and the introduction of features like matchmaking and competitive multiplayer require the games to have an even higher number of players. A game like chess, in theory, could be played in a world where there are only two players, but in practice, without a large community of players to support the various ELOs**, you’d find the same better, higher-rated player beating down on the worse players over and over again***.

There’s a bare minimum number of players necessary to support matchmaking and competitive environments. Just like in token trading and related financial markets that focus on liquidity to accurately evaluate and guarantee transactions, there’s a minimum player count necessary to play these multiplayer games!

Sebastian Park
0x9C22
December 10th, 2021

Ever since Loot Project exploded, and I heard a poker player bought a bag of randomly generated words for a million dollars, I’ve been thinking about composability: the major innovation of Ethereum over its predecessors.

Smart contracts (programs stored on the blockchain that run when predetermined conditions are met) are the code that power NFTs, DeFi, and DAOs. They’re composable, which means they’re like legos — the contracts are building blocks that can be programmed to interact with each other.

Composability allows anyone in a network to take existing programs and adapt or build on top of them.

Loot is maximum composability — thanks to Dom’s status as a creative god of smart contracts, it captured the community’s imagination, and tens of thousands of people raced to buy and build.

Sebastian Park
0x9C22
December 2nd, 2021

Writers don’t get paid on time. They get paid very little. When the money does come, agents and managers, lawyers and publishers take huge percentages.

In Hollywood, invisible gatekeepers slam invincible doors, while producers squeeze you for free drafts like the last pouch of Capri Sun on a hot day in June.

A self-published author on Amazon can put up six figures’ worth of advertising money and still not make a profit from a year of work.

Writing books is not really a good idea.

Sebastian Park
0x9C22
November 26th, 2021

Is the future of Blockchain gaming more like Soccer or Formula 1?

An underrated and important leap in game development that occurred with the ubiquity and spread of free-to-play/freemium games was the shift away from paying upfront for a game’s content.

This fundamental shift allowed people to play the game FIRST. Then, if players enjoyed the game, built-in game mechanics rewarded the game creators and the game itself through the mechanism of freemium.

The past decade of game design has been built on the concept of a massive top-of-funnel to the games themselves. This allowed millions of players to play and only monetized the sliver of them that wanted to become paying customers. Those who truly enjoyed the game and the super-spenders (whales) subsidized the gameplay. New companies and top publishers emerged via this form of game design: current game publishing giants such as Supercell, King, and Zynga.

Sebastian Park
0x9C22
November 19th, 2021

EV means expected value. We use it in poker to judge the quality of our decisions, independent of the outcomes. When you lose $900k, it’s useful to know whether you played great and got unlucky... or just played like shit.

Was the choice good, or was it bad? Did you generate value, or punt it away? EV is a useful framework for web 3: NFTs, DAOs, blockchain, crypto.  

Because we are building the Internet into the biggest casino in human history.

Owning a Bored Ape or investing in $OHM gives you better comps than Bellagio. Everywhere you look there are waifus and unicorns. But just like slot machines, NFTs are not for everyone. Casinos pump oxygen to keep you refreshed, awake, and gambling constantly, just like liquidity mining programs hit you with greater and greater yields. They are windowless — you cannot see the outside world. There is nothing more and nothing less than the casino.