Incremental Value Giveaway

Hi all, 

I'm doing a giveaway in increments of $10,000. First prize is $10,000 and the last prize is $1,000,000.

All you need to do to win is to make a post in this forum! First to post wins the first prize, and I'll increase the amount won by $10,000 for each new entrant!

Note: Only one entry per user. It's fine to post a comment again but I won't pay out additonal prizes.

Have fun and good luck!

From my undrestanding its hard for people to put themselves in the first position which gets nothing/really low 

Like those tiktoks that say double it and give it to the next person thats why i dont think ill be seeing alot of comments in here lol hope the winners be happy about it 

People be like "first anticipation sucks" so they wait hoping for a better outcome which they might not get

And if u go early some think they lost compared to the last guy which will get more and people will avoid taking the loss of being the guy who went first 

And if nobodys participating people will hesitate like "is this even worth it" like a video on ig/youtube which has low number of likes 

Its like a combo of negative anchoring effect loss aversion and like herd/pack behaviours

Also u would need about 5bil if u wanted to pay the givaway

So u be better off doubling it each time 

I'll hop in here! Let's get that prize money up!

Hey I'm in

I understand what you're saying, somebody has to start the bidding somewhere and that's the whole point of the game!

A concept which I just thought would be funny tbh

As for your idea of doubling it, the numbers would end up as the following: 

10,000
+ 20,000 = 30,000
+ 40,000 = 70,000
+ 80,000 = 150,000
+ 160,000 = 310,000
+ 320,000 = 630,000
+ 640,000 = 1,270,000

+ 1,280,000 = 2,550,000

A total of 8 prizes with a grand total of 2.5m paid out. The way I'm doing it is a much slower grind to the top, but ends up being around 50m given away. Not sure where you're getting your numbers of 5bil lol. But 8 total prizes didn't seem fun to me, hence the incremental giveaway being my chosen style!

I'll participate

How did you come up with 5 billion? there's no way that math works.

I'll take one of the first spots. Help the newbies with the upper spots!

same

Oh this seems interesting. 

Count me in.

Thanks for the giveaway 

Entry!!! 

Thanks for the giveaway 

It doesn't, not in the slightest...

The actual number is $50.5m as OP pointed out above. That's 1.01% of $5b.

Also lemme get that number up for the people after me! What Fire_keeper didn't consider is that with a large enough playerbase and the promise of free stuff (now matter how much) there will always be people who will participate.

Hey there! Thanks for the giveaway.

My name is rocks, I like staring at rocks, playing with rocks my friends call me rocks

In before the big numbers roll 🙈

You sent $10,000 to Fire_keeper with the message: Incremental Giveaway #1

You sent $20,000 to Stanimal with the message: Incremental Giveaway #2

You sent $30,000 to RVamp with the message: Incremental Giveaway #3

You sent $40,000 to Cleansing-Flame with the message: Incremental Giveaway #4

You sent $50,000 to MohamedGifted with the message: Incremental Giveaway #5

You sent $60,000 to Sectory with the message: Incremental Giveaway #6

You sent $70,000 to Gimmecookies with the message: Incremental Giveaway #7

You sent $80,000 to -BAMA_BEAST- with the message: Incremental Giveaway #8

You sent $90,000 to NichtGersti with the message: Incremental Giveaway #9

You sent $100,000 to Jonsto with the message: Incremental Giveaway #10

You sent $110,000 to Dominic87 with the message: Incremental Giveaway #11

You sent 10x Xanax to Dominic87 with the message: Incremental Giveaway Special Prize #1

This is a sweet idea ! 

This is also me entering the giveaway. 
Hi there ! 

.

You sent $120,000 to Para_Thenics with the message: Incremental Giveaway #12

You sent $130,000 to IrisNepthys with the message: Incremental Giveaway #13

You sent $140,000 to STRUCKDEAD with the message: Incremental Giveaway #14

You sent 100x Bottle of Beer to STRUCKDEAD with the message: Incremental Giveaway Special Prize #2

Hello