Ƒantasybits - A token of fantasy football skill - Live Blockchain Apps - Get paid to play for FREE! [protoblock.com]

protoblock (48)in #fantasysports • 7 years ago

Solution to one of blockchains most vexing problems? Professional Sports!

Solution to a real-world problem effecting 60 million fantasy players? Blockchain!

Side effect of solving High-Frequency-Trading for Wall Street? Priceless!

Fantasybits

Fantasybits are crypto-tokens in the Protoblock blockchain. New Fantasybits are minted based on the statistics from professional sports games.

🏈 Action: Start earning Fantasybits in only 30 seconds!
^{Free and easy (from week 1 to week 16 of NFL season)}

Download Protoblock

Claim Your Name

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Protoblock Basic Play

Specifically, 100 Fantasybits are created for each Fantasy Point scored in the NFL. All Fantasybits are subsequently awarded to players of the Projections Game , according to the distribution algorithm.

⛓ Data

Using NFL data turns out to work great with blockchain. As many have witnessed, blockchains are often counter-intuitive. Professional sports results are future random data with interesting properties. Firstly, the place and time of the game is common knowledge, which can be obtained via consensus without trusting an Oracle. Which leads to the next amazing properties of sports stats, it can be used as the glue in Proof-of-Stake consensus protocols.

Usually blockchains cannot have knowledge of any external data to reach consensus, otherwise your susceptible to both Sybil and long-range attacks. This is the reason Proof-of-Stake is generally not considered a good method of reaching distributed consensus. However, we have Tom Brady, and 60 million US based fantasy football players. These fantasy players know exactly how many touchdowns Tom Brady scored in week 2! So, if you give them a way to input their own stats for Tom Brady, then they will reach consensus with everyone else that has the same stats for Tom Brady.

If a DFS (Daily Fantasy Sports) company outright lied, and said that Tom Brady scored 6 touchdowns in week2, everyone will stop using them. So, if you incentivize these 60 million people, by paying them to play fantasy football, you now have reached distributed consensus which can be exported and potentially monetized!

🏈 Fantasy Points

Fantasy point scoring is a 30yr old system for normalizing NFL player stats across different positions. The standard PPR (Points Per Reception), scoring system is used, see table.

Player Positions:

^{All NFL players in these positions are used in the protocol}

QB - Quarterback (red)
RB - Running back (green)
TE - Tight End (purple)
K - Kicker (orange)
DEF - Team Defense (blue)

^{Top 10 Fantasy Point scores from Week 2 - 2017}

⛓ Skill

Proof-Of-Skill is the proposed consensus mechanism for minting and distributing Fantasybits.

^{ƑɃ^Skill balance as seen on Protoblock Trading screen}

Skill or ƑɃ^Skill are tied to your earned virgin Fantasybits from the projections game. This is equivilant to coinbase outputs in bitcoin. When you transfer your Fantasybits, the Skill does not transfer, it is always tied to the account that earned them! So from the Skill coins perspective, its a pure Proof-of-Stake consensus algorithm. It will be shown, (in a more technical paper), that when virgin coins are earned in a pure distributed and decentralized process, it follows that these coins can used as Stake in Proof-Of-Stake consensus, without the long-range attack issues.

Proof-Of-Skill

Minting/Mining ƑɃ

🏈⛓ Projections

💰 Secret: You can earn thousands of free Fantasybits each week, even if you know nothing about football!
^{Your getting paid to be an early adopter!}

Download Protoblock

Claim Your Name

Copy Average and Send

^{🏈 Action: Quick Start PDF}

A fantasy projection is like a prediction on how many fantasy points a player will score. The projection can be between 1 and 40 points. All users with projections on a player are eligible to receive a portion os the Fantasybits that were generated by that player. Those with more accurate projection will receive a larger award of fantasybits, based on teh distriution algorithim. Anyone can make projections on 1 player or all 700 player each week on the NFL season. Projections are free, all that is needed is a fantasy name.

There are around 5 million coins up for grab each season!

Claim your Name

Just like on Steemit, your name is tied to a public/private key and a 12 word secret.

^{⛓ Fantasybit Distribution Algorithim}

^{⛓ Blockchain Protocol}

Authors Note: I am not even a 1/4 done with this post, but I want to get this out to give Steemit an opportunity to start earning coins for this weeks games.