The P.I.V.O.T. protocol might remind some of the once-popular game FOMO3D.
Although it was ultimately cracked due to a blockchain mining bug, what if that bug hadn't occurred? Could it have turned into a never-ending money-sucking black hole?
We can analyze this problem from both time and space perspectives.
The first time, people played for novelty. Clearly, by the second or third time, players would return to a more rational mindset.
If there was only one FOMO3D game to play, that would be considered a monopoly. But what if there were 100 different FOMO3D games with equal prize pools to choose from? At first glance, it seems like there would be no difference in choice. Remember, the original logo was just a diamond. But what if the logos of each prize pool were replaced with the names of various religions? In that case, people would choose to bet on the religion most likely to be abandoned (assuming equal prize pools). This would create a simple crowdsourced religious negative valuation system.