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Used jpeg dealer \ Solidity dev & auditing \ VP Blockchain @yugalabs \ Founder @oSnipeNFT
Joined June 2014
3.7K Following    109.3K Followers
Hashcats is a fun concept, similar to an idea I've been wanting to put out there for a while. Problem is that it's inherently an automated ponzi, in the classic sense: new mints pay out older minters. Mint price increases with each epoch, and floor must necessarily keep up or else you end up in a death spiral: mint price higher than floor -> people stop minting -> older cats stop getting paid -> they dump -> floor goes lower -> gap widens -> and so on I like the idea and I think one or two small tweaks could produce a genuinely (long term) engaging ecosystem. Might have been the push I needed to dust off my old ideabook
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