The First MMO to make In-Game Currency a Crypto Currency is going to make a fortune.....

Glurin

Aesthier wrote: »

Regulations for cryptocurrency coming soon to a country near you!

But honestly, I am not a fan of cryptocurrency. So doesn't make much difference to me but the moment I start having to file taxes on my "in-game" expenditures I am done finito I quit!

I'm not a fan either.

But only because I'm still kicking myself for deciding against buying some bitcoins when they were still less than $10.

Mitrenga

This means the gold sellers, botters and the people that are selling their accounts will have zero traceability.

wayfarerx

SteveCampsOut wrote: »

Ok, so what if ESO linked their currency to Bitcoin. Discuss.

No.

For the love of Sithis no.

I do not want to have to run a cold-storage wallet on an air-gapped laptop to keep my MMO gold secure.

I do not want to wait 20 minutes for a new block to be mined every time I kill a mob to get my three gold.

I do not want to try and figure out what to price goods in the guild stores by looking at this:



Bitcoin is basically the platonic ideal of the worst possible MMO currency.

OlafdieWaldfee

Glurin wrote: »

Second Life is still a thing? I thought that died a long time ago.

It's alive and kicking with at least 30k people online at any given time.
It's great for RP, because everything can be build just the way it is needed - from terrain to clothing to buildings to weapons. It's the biggest and best sandbox-MMO there is. I'm having lots of fun with World of Darkness-, Steampunk-, Cthulhu-, GoT-, Star Wars- and Gladiator-RP.
It's neither newbie-friendly (most complex UI of all time ...) nor very convenient. The players are spread over all timezones and such.
But .. the visuals are great! https://www.flickr.com/photos/eatsbluecrayon/36410742861/in/dateposted-public/
https://www.flickr.com/photos/eatsbluecrayon/36998020474/in/dateposted-public/

JamilaRaj

But how do we know they do not use GPUs to mine bitcoins already?

Hiruda wrote: »

Isnt what Star Citizen planned to do ? i heard rumor that you could do jobs to earn ingame money that you will be able to transfer into real money ( like real real money, not the currency you buy with real money )

No. Star Citizen is planned to be "in development" for a few years, sell spaceships that will be in the game when it "launches" for hundreds of dollars and then just fizzle out.

Azurya

and all go bankrupt like those putting their money now!

no real money for imaginary things!

SteveCampsOut

Well it's nice to see that some people don't mind playing thought experiments in the forums instead of just crapping on ideas. I didn't say I was gung hoe gun's blazing for the idea but I was hoping to hear some earnest dialogue on the subject. Thanks to those of you who actually put some thought into your responses.

Leandor

The idea behind cryptocurrency is that there is a stable amount of the currency afloat. Ingame funds are constantly generated. It can't work.

The value of bitcoins is entirely dependent on people believing it has any value (like OP) or people who appreciate the anonymity and usefulness for illegal activity. And yes, I am aware that "real currencies" are somewhat similar in that respect (there is no physical backup for the amount of money, and hasn't been for a long time), but the regulation of money is the actual only reason why it works.

Then there are those that know the stupidity of humans and reap the rewards like the twinkle twins OP has posted an article about.

Please close the thread, @ZOS_GaryA or someone else of the mod team. There are enough people already in that trap.

SteveCampsOut

Leandor wrote: »

The idea behind cryptocurrency is that there is a stable amount of the currency afloat. Ingame funds are constantly generated. It can't work.

The value of bitcoins is entirely dependent on people believing it has any value (like OP) or people who appreciate the anonymity and usefulness for illegal activity.

Then there are those that know the stupidity of humans and reap the rewards like the twinkle twins OP has posted an article about.

Please close the thread, @ZOS_GaryA or someone else of the mod team. There are enough people already in that trap.

You know, if you don't want to discuss it, just move along. That's twice someone has asked for a discussion to be closed with no reason whatsoever. Talking about this isn't breaking any rules.

CardboardedBox

N....no. Y?

clocksstoppe

Its not enough that we have 8hr maintenences, now we need 8hr in game trades as well. You sir are a genius

anitajoneb17_ESO

There is undoubtedly a potential for that sort of things. The numbers of players would... double ? triple ? x10 ? x100 ? I don't know, but it would explode. It would make many things in the game more thrilling - just like poker with money is more thrilling than poker without money.

BUT

- Everyone would be "competitive", on every single aspect of the game
- The atmosphere would be awful
- ZOS would have to deal with countless lawsuits
- The game design would have to be balanced around anything "economics"
- The number of cheaters and scammers would explode

so I'm afraid it would make Tamriel a not very nice place to relax and have fun.

klowdy1

SteveCampsOut wrote: »

Imagine if Crowns, Vouchers, Telvar or Gold were actually linked to something of value. The MMO would thrive, the value of items bought with them would have real world value. People who throw millions of dollars at the Crypto market would be throwing millions at the MMO creators as well as the game. There would be less need to over-inflate the value crown store items like $40 Style motif books because the game currency would already have a real tangible value.

Oh, you mean like D3 was at launch. No.

DieAlteHexe

anitajoneb17_ESO wrote: »

There is undoubtedly a potential for that sort of things. The numbers of players would... double ? triple ? x10 ? x100 ? I don't know, but it would explode. It would make many things in the game more thrilling - just like poker with money is more thrilling than poker without money.

BUT

- Everyone would be "competitive", on every single aspect of the game
- The atmosphere would be awful
- ZOS would have to deal with countless lawsuits
- The game design would have to be balanced around anything "economics"
- The number of cheaters and scammers would explode

so I'm afraid it would make Tamriel a not very nice place to relax and have fun.

I would be gone SO fast there'd be a vacuum in my wake.

Ugh.

rafaelcsmaia

The Elder Brokers Online - Bots Unlimited, that would be the new title if this were to happen

technohic

I can’t imagine how worthless it would be being generated out of thin air by just killing monsters. You’d also need real money investment, not only for game development, but in the currency itself. Don’t think there’d be a lot of takers.

aeowulf

The first MMO that's free & uses your computer to mine as you play will make a fortune...

AdamSC

Avran_Sylt wrote: »

How would you actually go about linking the two though?

Stating in the ToS that some of your computers hardware will be utilized in transactions while you play, and that the resultant 'revenue' will be placed in a global pool for all players? Cause like hell they'd use their own servers for that.

Probably siphon some of that into their own banks, then set an exchange rate for the remainder based on the total gold currently held by players across the entire game. With constant updates like with a stock market.

Not sure how the community would appreciate that. But I could actually see an online low-stress game implementing pool mining.

This is an interesting idea. @arvan_sylt Build some code that allows zos to use your computer,Xbox, or ps to mine digital currency.

Anything uncovered immediately goes into a fund for future development of content. (or qa if you are being snarky) Players get an in game reward for the amount of computer time they have contributed - with a real money bounty for the player who made the discovery.

To do the last, you would have to allow anyone to participate.

There is a start up idea in there.

Merlin13KAGL

SteveCampsOut wrote: »

Imagine if Crowns, Vouchers, Telvar or Gold were actually linked to something of value. The MMO would thrive, the value of items bought with them would have real world value. People who throw millions of dollars at the Crypto market would be throwing millions at the MMO creators as well as the game. There would be less need to over-inflate the value crown store items like $40 Style motif books because the game currency would already have a real tangible value.

Yeah, I don't think it would go quite as you have it envisioned. People invest so they can ultimately get a return, not so they can roll the investment back in.

Once the game has more currency outgoing than incoming, guess what the final result is?

IZZESparkling wrote: »

Just no. Bitcoin is a ponzi scheme hyped up by people who dwell in deep web favored by illegal activity doers. Besides, it is not really a currency but a volatile digital asset backed by no credible central banks. Why would I want my in game currency value fluctuate and wreak havoc? Why would I want what was supposed to be 10k gold suddenly become 6 million gold and such? Or just drop to 6 gold just because of its volatility?

Please close this thread.

You realize 'real currency' isn't fully backed either, nor has it been for some time? There's far more $'s, €'s, £'s in circulation than there is gold/silver/any other asset you like to back it up, right?

Currency, by design, takes something with little to no inherent value and assigns a value to it accordingly.

Avran_Sylt wrote: »

How would you actually go about linking the two though?

Stating in the ToS that some of your computers hardware will be utilized in transactions while you play, and that the resultant 'revenue' will be placed in a global pool for all players? Cause like hell they'd use their own servers for that.

Probably siphon some of that into their own banks, then set an exchange rate for the remainder based on the total gold currently held by players across the entire game. With constant updates like with a stock market.

Not sure how the community would appreciate that. But I could actually see an online low-stress game implementing pool mining.

Lol, their code can't handle their code half the time, and you want to add more calculations to the mix?

aeowulf wrote: »

The first MMO that's free & uses your computer to mine as you play will make a fortune...

Except they wouldn't, by nature of the process, the amount of benefit gained by a single optimized PC churning away full time has gone down tremendously, which is why individual miners are not as viable as they were in the beginning.

starkerealm

I thought there already was one. I mean, the cryptocurrency mining was baked into the core engine, and those went to the developers, it wasn't like players could touch that stuff.

Can't remember the details, though.

anitajoneb17_ESO

Are we talking about an "official", or at least free, legal binding between a crypto-currency like Bitcoins, and ESO gold, or are we talking about providing computing resources to crypto-currency providers during our playtime ?
Because these are two completely different issues (unless I am mistaken, I'm not very educated in all those cryto-currency-stuff).

Kel

Diablo 3 tried a real money auction house, and it was a disaster. This idea isn't new, and it's still a horrible idea...
https://www.forbes.com/sites/insertcoin/2014/03/18/diablo-3-finally-exorcises-its-demon-the-auction-house/#18be744c9353

DoctorESO

BlazingDynamo wrote: »

DoctorESO wrote: »

We are only supposed to discuss ESO on these forums.

Seems like a more interesting topic than any of the 64 you've posted in the last 3 hours.

Someone has a chip on their shoulder for some unknown reason.

Lysette

SilverIce58 wrote: »

Didn't Eve Online do something like that? I mean, can't you get rich irl with enough funds from the game?

No, you mix that with second life - the ingame currency of EVE is not convertible to real world money - but Linden dollars are via the Lindex Exchange into US dollars.

AhPook_Is_Here

I guess cryptokitties has had some big sales. I am sure ESO could do a similar thing with cosmetics, but if the art platform isn't opensource how would that work? It's just a standard retail space, where a rug dealer lays out their wares and hocks them for as much as they can get for them. I guess you could just make your own with ESO fan-art if you wanted to see what an offering could be worth, kick off your ICO!

I don't see how a block-chain would benefit this game or this company for that matter. Steven Seagal has sold me on his new Bitcoiin2gen though! LOL, not!

ZOS_Ragnar

These forums are for discussing topics related to the Elder Scrolls Online. As this thread is not related to ESO we have closed it.