Donnerlab, an online gaming platform, announced that its latest project, called Bitcoin Bounty Hunt, will be a game where players will hunt for Bitcoins or “Satoshi cubes,” as that is the name used in the game. The game will be using the Lightning Network, which is a payment protocol that provides fast transactions between two nodes, or gamers in this case. Therefore, the gamers will be rewarded or punished with real Bitcoins in this fully lightning-native multiplayer first-person shooter (FPS) game.
Bitcoin bounty hunt would utilize a neutrino wallet to help gamers store their coins in a non-custodial manner and provide ad space for Hodl-auctions. Players will be able to kill each other online in order to collect bounties. The platform, called Donnerlab, was founded by the twenty-five-year-old Konstantin Nick after the 2018 Lightning Hackday in Munich, Germany. He believes in finding means of introducing the world’s largest cryptocurrency to people in a manner where they can make more and more transactions and use it for their daily purposes rather than keeping it for its value.
The concept was first introduced by Satoshi games back in July and revealed in October only its name and some of its features. Satoshi games summarized in their notice,
In simple words, players earn Bitcoin by shooting other players and lose Bitcoin when they get shot.
The game will allow users to choose between to types of modes, a Bitcoin-enabled mode, and a Bitcoin-less mode.
The Bitcoin-less mode will rely on in-game points instead of bitcoin, but players could purchase items through fiat currency. The Bitcoin-less version was necessary since not all players would be interested in BTC value. Furthermore, it could gradually create an interest in players who are not interested in playing with bitcoin to switch to bitcoin mode. As for the Bitcoin-enabled mode, the Lightning Network technology will be the foundational system for Bitcoin transactions. To begin this version, the player will have to deposit Bitcoin to the wallet. From there on, either he will be making more Bitcoin or losing what he has, depending on how well he is playing.
Initially, it was decided that the game will allow gamers to withdraw their balance using the Lightning Network as they wish, but later on, concerns regarding hacks surfaced. The company decided to make some changes. Now, no account will be allowed to store more than 20,000 Satoshis, and there will be a cap on how much Satoshis will a player be allowed to withdraw in a day. Currently, one Satoshi is equal to $0.015.
Pro-cryptocurrency venture capitalists such as Tim Draper are optimistic about the future of Bitcoin. They believe that innovations such as the lightning network will be the important tools in achieving mass adoption. Regarding lightning network, he stated that
It’s because of Lightning Network and OpenNode and maybe others that are allowing us to spend Bitcoin very freely and quickly so that it’s not just a store of value, but it can be used for micropayments; it can be used for retail, it can be used all over.
Tim Draper has estimated that the value of Bitcoin could reach $250,000 by 2022 or 2023, once innovations like the “Bitcoin payment processor” are made.