Mastodawn

Zach Hoekstra Nov 19, 2022

Hoping for some ideas on a graphical way to communicate a concept.
In GRIFT, a satirical game about fraud and crypto, there is a critical action called Wash Trade. Here's how it works:

Pick an asset and set that asset's value equal to how much money you currently have. The max increase per turn is $5
Ex: You have an asset worth $3, and $12 in hand. Turn 1, you can wash trade the asset up to a value of $8 (max +$5). Turn 2, it can go to $12 (= the $ you have in hand)

Show thread

Zach Hoekstra

(This is a real thing that happens so often that it's estimated at least 50% of trading volume is just people selling coins and NFT's to themselves to make them look valuable)
https://www.investopedia.com/terms/w/washtrading.asp

Wash Trading: What It Is and How It Works, With Examples

Wash trading is the illegal process of buying shares of a company through one broker while selling shares through a different broker.

Investopedia