Munies

Description
Munies are a virtual currency which are used on Kiddos twitch channel. They

have been here since the beginning. They can be used for minigames, most

notably the gamble minigame, but also some others. Other then that they have

no direct value.

Description
The gamble minigame can be accessed by typing !gamble. You bet a certain amount

of munies and the system draws a random number, determining if you won or lost.

If you won, you gained twice your stake. If you lost, you lost this amount, and 50%

of this amount also went into the so called "jackpot". There also were 2 special numbers,

99 tripples your stake, and 100 gives you the jackpot. Since this jackpot was accumulative,

many people tried gambling on that jackpot. It was a good entertainment and when

someone won the jackpot, a big hype and/or rage took place in the chat for a minute or two.

Gotbread was a famous user of this gambling system, building most of his virtual wealth

this way.

Loophole
Due to the way the numbers were set up, the expectation value of the gain was slightly

above 1. (1.0625 IIRC). By clever use of mathematics one can accumulate wealth over

a long period this way. Some users even managed to accumulate over 11 million munies.

Economy
Due to the loophole the wealth in the channel increased quickly. One problem however

was the uncertainty of the gamble outcome. By using even more mathematics, Gotbread

figured out it was possible to offer an "insurance" like system where you were guaranteed

to win each time. This system required a certain amount of reserve funds in order to

cover potential losses, but at a certain point it became viable to offer this service to all users.

It was a nice two way deal:

- The users could win each time, only paying a small cut to Gotbread.

- Gotbread could trick the cooldown this way. Instead of waiting 2 minutes per gamble,

people would gamble for him instead, increasing the gamble speed and therefore

the wealth accumulation speed.

It all worked by providing licences, which, when valid and payed, covered all losses up

to the amount specified in the license.

Gotbread cooperated with Mrs. Black since she had enough reserve funds as well to

cover a good portion, therefore putting her in a role of an investor.

Gotbread even wrote a bot for it which is now open source.

Destruction
Since we cant have nice things, some day Kiddo fully reset the munie system to zero.

This not only single handedly destroyed the entire munies economy with all of its layers,

but also demotivated a lot of people since they were now poor again. Further, the numbers

have been changed so all calculations based on the loophole were now invalid.

Since that point on gambling and munie use died pretty much down to zero.

Current status
Currently the system is mostly useless, and it gets rarely used. We all hope it can

return to its further glory.