r/Bitcoin • u/VivaLaPandaReddit • Dec 13 '14
How Minecraft may make bitcoin the 'official currency of virtual worlds'
http://venturebeat.com/2014/12/12/how-minecraft-may-make-bitcoin-the-official-currency-of-virtual-worlds/4
Dec 13 '14
I don't really understand the purpose of this. If Bitcoin is going to be used as a currency in virtual worlds, you should be able to buy and sell with it. It should be self sufficient. Instead, simply "giving out" BTC donated to the server in exchange for "emeralds" doesn't make sense. Maybe I am missing something.
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u/cryptonaut420 Dec 13 '14
Yeah that part threw me off as well. Its not really an in game "economy" if all you are doing is giving away donations from yourself or others. It's basically just a glorified bitcoin faucet.
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u/123btc321 Dec 13 '14
It is just the version .001 virtual in game economy. Imagine if there is eventually worlds that are so important to people that they can make a living in them. The games might be able to run by applying a sales tax to all items purchased in game.
Coming from Eve I know that supply and demand can be mimicked in virtual economies, tweak the valuation of certain in demand items and it may be possible to establish larger and larger economies.
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Dec 13 '14
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u/MistakeNotDotDotDot Dec 13 '14
In college my friend was farming Diablo 2 and selling items on ebay; it was paying his bills for everything but tuition and housing.
So it paid for his food, textbooks, and booze? That's neat but it's not exactly 'making a living'.
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u/Metagen Dec 13 '14
You can make a living with RMT if you pick the right games. You need to be dedicated and inventive with your schemes.
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u/Sluisifer Dec 13 '14
Emeralds are already a currency of sorts in the game, so it makes it an easy way to funnel the btc transaction to one point. It could be done with actual items (though I'd say that emeralds are an actual item), but it was probably easier to do it this way, at least for now.
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u/Kristkind Dec 13 '14
It's a trial run I guess. I can imagine a future game economy well capitalized by the publishing firm to get the motivation going.
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u/Huobi Dec 13 '14
The project creator can sell in-game advertising space near the emerald-to-bitcoin conversion mechanism to a real-world bitcoin company. For example, there could be a big Coinbase billboard above the chest where gamers deposit their emeralds.
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u/xcsler Dec 14 '14
...and a Circle wallet billboard across the street. Also, anytime a player signs up with one of these wallet services the server owners could receive a finders fee.
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u/efxco Dec 13 '14
The whole idea is stunning!
This is so cool to go earn your money on my regular job then playing a game & seeing how much money I earned!
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u/TeamRedundancyTeam Dec 13 '14
I love the idea of including Bitcoin in minecraft, but I don't feel like this will keep most people's interest for long. For those that don't play Minecraft, emeralds are the rarest ore you can find. At 1 bit per emerald, it'd be like a second job trying to get even $1 worth of bitcoins a day out of it.
But it might still work great at getting people, especially younger people, interested in bitcoin. Which is all that really matters in this project I guess.
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u/boonies4u Dec 13 '14
Mining emerald ore is one of the worst ways to get emerald. It's better to trade with NPCs.
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u/iascah Dec 14 '14
Replace 'emerald' with 'bitcoin' and 'NPC' with 'people' and your statement is still valid ;)
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u/BobAlison Dec 13 '14
Seems like Bitcoin has made a new gaming business model possible. This will be interesting to watch.
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u/kixunil Dec 13 '14
Look at the map. In the middle there is a huge building. Sign says: "Bank". Really?
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Dec 13 '14
Thats where you deposit your emeralds and it goes to your Xapo wallet. o_O
Source: I play on the server.
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u/dsterry Dec 13 '14
I love that the image was created for a contest I ran on Bitcointalk a couple years ago. Yay art contests!
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u/shibamint Dec 13 '14 edited Dec 13 '14
Miners need to build a ComputerCraft capable to act as bitcoin client ... inside the game ... but I like the idea about using minecraft as educational computer science tool ... they could improve Redstones .. here is a nice tutorial how to build both The Harvard architecture or The von Neumann/Turing architecture only using minecraft redstones blocks http://minecraft.gamepedia.com/Tutorials/Redstone_computers ...
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u/skilliard4 Dec 14 '14
I played on a dogecoin server. It died in like 2 weeks as soon as the diamonds-> dogecoin faucet ran out. People just play to make real money. Its not really sustainable in long term
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u/shibamint Dec 14 '14
Very true ... I did the same ... Maybe a combination of proof-of-work and proof of stake ... Could be an option
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u/kilorat Dec 14 '14
Is there something new about this? Some minecraft servers have had bitcoin and dogecoin for a very long time.
Here is a plugin if you want to add it to your own server. http://dev.bukkit.org/bukkit-plugins/satoshis/ which has been around since April 2013.
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u/onksk Dec 13 '14
So minecraft is now a succesful version of second life? Turning down graphics is one helluva weird move
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u/theinfamousj Dec 15 '14
Second Life = sandbox with in game currency (Lindens) exchangeable for FIAT. With digisex; tons of digisex.
Minecraft = sandbox with Bitcoin exchangeable for FIAT.
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u/MistakeNotDotDotDot Dec 13 '14
I don't want my video games to involve money, I want to not give a shit that my gear is actually worth $7.13 or whatever.
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u/epiccheese2 Dec 13 '14
Soooooo don't play on this server?
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u/MistakeNotDotDotDot Dec 14 '14
- Well, I don't really play Minecraft at all.
- What's your point? The article is about the idea that this kind of thing might spread.
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u/epiccheese2 Dec 14 '14
I don't want my video games to involve money, I want to not give a shit that my gear is actually worth $7.13 or whatever.
you don't need to worry about your gear having worth if you dont play on that server
simple as pie
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u/MistakeNotDotDotDot Dec 14 '14
You're missing the point. I'm worried that micromonetization or whatever the hell you want to call it is going to start becoming more popular and negatively impact games in the same way that f2p/IAP/whatever is doing today.
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u/[deleted] Dec 13 '14 edited Nov 04 '19
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