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>5. Chinese techies are used to spending an ungodly amount of time mining virtual coins in online games. It's like he doesn't even know how Bitcoins work.
by tomhschmidt 13y ago
>5. Chinese techies are used to spending an ungodly amount of time mining virtual coins in online games.
It's like he doesn't even know how Bitcoins work.
- cpdean 13y agoYou're polite. It's clear the author doesn't understand the difference between btc mining and mining in an mmorpg.
- corysama 13y agoI don't think that's clear at all. The paragraph about gold farming is brief and vague. My impression is that he's trying to convey that many Chinese are already very familiar with an analogous system. Whereas if you haven't played mmos, bitcoin mining is an entirely alien concept. If you take a break from thinking like a crypto-economic-engineer and look at btc mining from the pov of your average consumer, the biggest difference between btc mining and gold farming is that btc has automated the human player out of the game. From the outside, it looks a lot like farming for gold in Progress Quest.
- illuminate 13y agoI also appreciate how he thinks MMO gold farmers are "techies".
- lnanek2 13y agoIn China, human labor is cheap and abundant. So running a room full of MMORPG gold miners on computers isn't that different from running a room full of computers mining bit coins. A CEO friend of mine with a real estate office in Hong Kong mentioned she pays her employees 500 a month. I could basically hire 6 people a month for just what I put into savings each month currently.