Complete Set of JP Janssen's 2014 Economics Experiments

JP Janssen

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megawhiz

50M sats

$0.00

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Anti-Spoofing

Call the high bidder’s bluff by bidding below them. If they don’t pay the bid amount, you’ll win the auction.

June 24, 2022 12:57:07 AM UTC

50,000,000 sats

0.5 BTC

pax
June 24, 2022 12:52:37 AM UTC

46,000,000 sats

0.46 BTC

June 24, 2022 12:48:30 AM UTC

45,000,000 sats

0.45 BTC

pax
June 24, 2022 12:45:20 AM UTC

44,000,000 sats

0.44 BTC

June 24, 2022 12:41:34 AM UTC

43,000,000 sats

0.43 BTC

pax
June 24, 2022 12:41:12 AM UTC

42,000,000 sats

0.42 BTC

June 24, 2022 12:37:23 AM UTC

41,000,000 sats

0.41 BTC

pax
June 24, 2022 12:36:42 AM UTC

40,000,000 sats

0.4 BTC

June 24, 2022 12:36:03 AM UTC

34,000,000 sats

0.34 BTC

pax
June 24, 2022 12:35:42 AM UTC

33,000,000 sats

0.33 BTC

megadegen
June 24, 2022 12:34:19 AM UTC

32,000,000 sats

0.32 BTC

June 24, 2022 12:32:54 AM UTC

31,000,000 sats

0.31 BTC

megadegen
June 24, 2022 12:32:40 AM UTC

30,000,000 sats

0.3 BTC

June 24, 2022 12:32:41 AM UTC

30,000,000 sats

0.3 BTC

megadegen
June 24, 2022 12:32:22 AM UTC

29,000,000 sats

0.29 BTC

June 24, 2022 12:32:23 AM UTC

28,000,000 sats

0.28 BTC

megadegen
June 24, 2022 12:23:10 AM UTC

26,000,000 sats

0.26 BTC

Crude Sailor
June 24, 2022 12:23:11 AM UTC

25,000,000 sats

0.25 BTC

megadegen
June 23, 2022 11:54:19 PM UTC

22,500,000 sats

0.225 BTC

pax
June 23, 2022 11:54:20 PM UTC

22,000,000 sats

0.22 BTC

megadegen
June 23, 2022 11:49:55 PM UTC

21,500,000 sats

0.215 BTC

pax
June 23, 2022 11:49:56 PM UTC

21,000,000 sats

0.21 BTC

megadegen
June 23, 2022 11:14:27 PM UTC

20,500,000 sats

0.205 BTC

metablck
June 23, 2022 11:14:28 PM UTC

20,000,000 sats

0.2 BTC

megadegen
June 23, 2022 11:14:03 PM UTC

18,500,000 sats

0.185 BTC

metablck
June 23, 2022 11:14:04 PM UTC

18,000,000 sats

0.18 BTC

megadegen
June 23, 2022 11:08:29 PM UTC

16,000,000 sats

0.16 BTC

metablck
June 23, 2022 10:50:15 PM UTC

15,500,000 sats

0.155 BTC

megadegen
June 23, 2022 1:12:06 PM UTC

15,000,000 sats

0.15 BTC

June 22, 2022 6:34:26 PM UTC

6,000,000 sats

0.06 BTC

ZeroG
June 22, 2022 5:54:15 PM UTC

5,500,000 sats

0.055 BTC

June 22, 2022 5:49:17 PM UTC

5,000,000 sats

0.05 BTC

ZeroG
June 22, 2022 5:49:18 PM UTC

5,000,000 sats

0.05 BTC

June 21, 2022 2:28:36 PM UTC

1,200,000 sats

0.012 BTC

TommyBTC
June 20, 2022 10:46:16 PM UTC

1,100,000 sats

0.011 BTC

Crude Sailor
June 20, 2022 1:26:32 PM UTC

1,000,000 sats

0.01 BTC

Raza
June 19, 2022 10:08:26 PM UTC

700,000 sats

0.007 BTC

ZeroG
June 19, 2022 7:25:04 PM UTC

600,000 sats

0.006 BTC

JPGOLD (supply 1000) is the first scarce 1/N token on Counterparty, as in having the supply locked at a reasonably low number of indivisible tokens. The supply was set on June 11, 2014. Many NFTs since, including Spells of Genesis and Rare Pepe, have used this economic model.

JPJA (supply 100) is likely the first 1/N NFT. On June 28, 2014 the token description pointed to an eBook at jpja.net. Tokens were offered at a symbolic price and token holders received a distribution from the book's revenues. Although a small-scale experiment, it proved how the peer-to-peer economy would level the playing field. Anyone could now raise funding for their project with crypto tokens just like companies do with shares on the stock market.

JPBULL and JPBEAR (7 divisible tokens each) are possibly the first tokenized Bitcoin derivatives. Representing call and put options respectively, the bear contract expired in-the-money and a distribution was paid accordingly. A pdf describing the experiment was notarized on-chain in October 2014. Thus, it is forever possible to verify all details. JPBULL and JPBEAR are ultra scarce at only 7 divisible tokens each.

CPNEWS (200 divisible tokens) is the last of JP's 2014 experiments. Contributors to a Counterparty News site would receive monthly reward tokens in exchange for future revenues. Unfortunately, there was no interest in the project and it was discontinued without distributing more than a few tokens.

For further details, see jpja.net

This Lot Includes:

JPGOLD x 20

  • 1000 Supply

JPJA x 1

  • 100 Supply

JPBULL x 1

  • 7 Supply

JPBEAR x 1

  • 7 Supply

CPNEWS x 20

  • 200 Supply

NO RESERVE


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HOW IT WORKS

1. Deposit 1% of your bid as collateral

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2. The winning bidder has 48 hours to pay their final bid. Additional time is available in some circumstances upon request. If they don't, they lose their deposit(s) and the next highest bidder has a chance to pay their high bid.

3. Once all event items are paid for, deposits are refunded to the remaining participants. Please allow until Monday, June 27.

HOT ZONE RULES

  • Bids placed in the final 5 minutes of the auction reset the countdown to 5 minutes
  • Auction can't end with a pending bid

No buyer fee added to winning bid.

SHIPPING INFO

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