3 ms·

So this is some kind of blockchain thing? The article just kind of dives in and I’m lacking context, but it seems interesting. Can anyone give a brief overview?

jbob2000 6y ago
Sounds like whale-catching mobile games on a much bigger scale; Create a fake world with a bunch of fake restrictions, line up a bunch of bored computer nerds, get them to feel superior over one another by demonstrating their wealth with the purchase of expensive bits and bytes. The cryptocurrency talk is just the mumbo jumbo to catch the idiots. It’s like those alternative healthcare practitioners who sprinkle in the words “study” and “research” to make their quackery sound legit to the unsuspecting.
- bserge 6y ago
  So, Eve with pseudo-8bit graphics? I always wanted something like Eve in a fantasy setting, but damn I hate Minecraft-like graphics :/
  - aukiman 6y ago
    I'd probably venture low-poly 'stylised' as their game graphic. Admittedly Mirandus isn't out for pre-alpha till 2nd half 2021 but they do give sneak preview posts weekly if time permits - https://gogalagames.medium.com/mirandus-monday-a-broader-view-of-the-world-5edc416f7844 https://gogalagames.medium.com/mirandus-monday-a-broader-vie...
- monkpit 6y ago
  Sounds like Linden dollars and Second Life... round 2
  - Supermancho 6y ago
    Star Citizen was, at least, round 2 with spending far higher than this. This is just round-and-round.
  - vorpalhex 6y ago
    I remember most SL players at least being near break even, often times bulk selling hair styles or furniture to pay for activities. Though then again I also remember sinking $60 in a single month to develop out an ingame research laboratory...
floatingatoll 6y ago
I'll try, but I'm not a fan, so I may get it wrong and/or fail to disguise my (negative) feelings. Imagine an MMORPG that uses a blockchain economy not only for currency transactions but also for secure storage of items. Today, we take for granted the 'vault' space offered in games, but by storing items and currency both on the blockchain, new opportunities for in-app purchase become available that players will surely enjoy interacting with. In this article, a 'bank' is sold for $800,000 USD, and the purchaser of that 'bank' will, presumably, get a fractional share of the revenue from all 'vault this item' paid transactions. Since payment can occur either using in-game currency and/or real money transactions, and presuming they get a blockchain currency listed on Coinbase, the owner of the castle will be able to cash out their revenue stream into their real world bank account. I'm probably missing some subtle aspect of the specifics here, but that's what I took away from it. I assume the creator of the game is hoping that the SEC will not realize that this is an $800,000 investment in a public offering of stock in their still-vaporware game. I also assume that by taking advantage of the Coinbase tax-paperwork infrastructure, the game's operators will attempt to have no legal obligation to register as a financial institution, or otherwise owe any regulatory debt. You may find value in reading the novel 'REAMDE' as it spends some amount of time walking through the implications of a world where you can earn real money using virtual gameplay.
monkpit 6y ago
A bit of an overview of the game here: https://egamers.io/this-new-mmorpg-sells-5-citadels-for-1-36-million-usd-each/ https://egamers.io/this-new-mmorpg-sells-5-citadels-for-1-36...

jbob2000 6y ago

Sounds like whale-catching mobile games on a much bigger scale; Create a fake world with a bunch of fake restrictions, line up a bunch of bored computer nerds, get them to feel superior over one another by demonstrating their wealth with the purchase of expensive bits and bytes. The cryptocurrency talk is just the mumbo jumbo to catch the idiots. It’s like those alternative healthcare practitioners who sprinkle in the words “study” and “research” to make their quackery sound legit to the unsuspecting.

bserge 6y ago
So, Eve with pseudo-8bit graphics? I always wanted something like Eve in a fantasy setting, but damn I hate Minecraft-like graphics :/
- aukiman 6y ago
  I'd probably venture low-poly 'stylised' as their game graphic. Admittedly Mirandus isn't out for pre-alpha till 2nd half 2021 but they do give sneak preview posts weekly if time permits - https://gogalagames.medium.com/mirandus-monday-a-broader-view-of-the-world-5edc416f7844 https://gogalagames.medium.com/mirandus-monday-a-broader-vie...
monkpit 6y ago
Sounds like Linden dollars and Second Life... round 2
- Supermancho 6y ago
  Star Citizen was, at least, round 2 with spending far higher than this. This is just round-and-round.
- vorpalhex 6y ago
  I remember most SL players at least being near break even, often times bulk selling hair styles or furniture to pay for activities. Though then again I also remember sinking $60 in a single month to develop out an ingame research laboratory...

floatingatoll 6y ago

I'll try, but I'm not a fan, so I may get it wrong and/or fail to disguise my (negative) feelings. Imagine an MMORPG that uses a blockchain economy not only for currency transactions but also for secure storage of items. Today, we take for granted the 'vault' space offered in games, but by storing items and currency both on the blockchain, new opportunities for in-app purchase become available that players will surely enjoy interacting with. In this article, a 'bank' is sold for $800,000 USD, and the purchaser of that 'bank' will, presumably, get a fractional share of the revenue from all 'vault this item' paid transactions. Since payment can occur either using in-game currency and/or real money transactions, and presuming they get a blockchain currency listed on Coinbase, the owner of the castle will be able to cash out their revenue stream into their real world bank account. I'm probably missing some subtle aspect of the specifics here, but that's what I took away from it. I assume the creator of the game is hoping that the SEC will not realize that this is an $800,000 investment in a public offering of stock in their still-vaporware game. I also assume that by taking advantage of the Coinbase tax-paperwork infrastructure, the game's operators will attempt to have no legal obligation to register as a financial institution, or otherwise owe any regulatory debt. You may find value in reading the novel 'REAMDE' as it spends some amount of time walking through the implications of a world where you can earn real money using virtual gameplay.

monkpit 6y ago

A bit of an overview of the game here: https://egamers.io/this-new-mmorpg-sells-5-citadels-for-1-36-million-usd-each/ https://egamers.io/this-new-mmorpg-sells-5-citadels-for-1-36...