What does a “blockchain” game have that regular games don’t? My perception is it’s just a way to get more money out of users once they start playing (the FarmVille model) but hoping I’m wrong.
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
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What does a “blockchain” game have that regular games don’t? My perception is it’s just a way to get more money out of users once they start playing (the FarmVille model) but hoping I’m wrong.
Quite possibly could be the exact opposite if you talk about play to earn. Not a huge fan of that model and trying to keep tokens out of this conversation. The attraction of a blockchain game is owning any assets you create/win/earn in one game and being able to use them in multiple games. Examples would be characters, weapons, vehicles, currency, etc. You'd be the player/character going through multiple games (metaverse/s) rather than being bound to each individual game.
I think we are on the same page from a tech perspective. But, interoperability will always be a problem unless regulators or a governing body steps in similar to the telecom industry. If not for interoperability Verizon customers wouldn’t be able to call AT&T or TMO customers. With that said, if you can solve the interoperability problem and blockchain goes mainstream in consumer/commercial applications, you then have to resolve the tokenization/crypto issue which would turn the financial industry upside down. For some reason, folks act like the countless financial institutions from JP Morgan to Citibank to PayPal, etc. are simply going to let their business go extinct.
On the last point I don’t think anyone is acting like they’ll go away. I think they’ll acquire, develop, adapt, etc.
Mastercard holds 90 blockchain patents with close to 300 pending. They’re looking at exactly what you reference
Is Mastercard’s Multi-Blockchain a new step in patent race?
Mastercard was granted the patent to use multi-blockchain in business transactions on October 9th. Here is the complete news on the new step towards blockchain.
This makes perfect sense, but again, look at what MC and most companies are focused on = it’s commercial/consumer blockchain applications that are centered on data and transactions, which fits given the volume of banking/financial transactions and the need for a ledger and security. MC is NOT (as far as I can tell) focused on crypto, tokens, etc.On the last point I don’t think anyone is acting like they’ll go away. I think they’ll acquire, develop, adapt, etc.
Mastercard holds 90 blockchain patents with close to 300 pending. They’re looking at exactly what you reference
Is Mastercard’s Multi-Blockchain a new step in patent race?
Mastercard was granted the patent to use multi-blockchain in business transactions on October 9th. Here is the complete news on the new step towards blockchain.appinventiv.com
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Except people did. I dont have time to scour the net to find sources, but there's multiple national press reports from the late 90s calling the world wide web dead and/or pointless. Pretty sure I posted them somewhere in this thread.
In regards to your second paragraph, I'll drop this tweet in here.
Agreed that Interoperability will be an issue on technology especially with many layer 1s as well as layer 2s building on top.
Lol your 2nd paragraph is exactly why the whole thing is ridiculous. Replacing a bank with…. A shadow company that performs all of the same actions as… a bank, except if Strike decides to disappear to the Caymans with all of your funds then good luck with a recourse.
Setting aside Strike’s BTC/crypto angle, why would a customer move their entire banking relationship to Strike? Unless I’m missing something, my bank already does everything that Strike is touting. And I don’t think I pay any fees, at least in the normal course. And with Strike you still end up paying on-chain transactions fee to use the Bitcoin blockchain. So what’s the Strike advantage?
Thats yhe founder talking about replacing his bank. The reality is that their platform is an open network with the capabilities to plug into nearly anything, which is tip of the iceberg
Sorry but this is a terrible take. Strike doesn’t hold your coins. If they disappear they are still yours. Now thankfully we live in America so we don’t have to worry (hopefully) about a bank run. But let’s say you lived in Greece circa 2007. The bank could decide to take 80% of your money and you’d be shit out of luck. This is a concern in other countries so you see more Bitcoin adoption there.
Don't get caught up in jacls initial text. Ots said to prove a point that you could. Also, don't put blinders on towards yourself and what you pay to your bank relative to others in the world and internationally.
If the last 2+ years have proven anything in western civilization, its that anything is possible.
But they are…
Mastercard says it's working to simplify crypto conversions on its payment card offering
Mastercard said it will begin testing the ability for banks and crypto companies to offer a card option for people wanting to spend digital currencies anywhere Mastercard is accepted.
www.zdnet.com
While cool, we are already an extremely connected society, again, there are likely some practical uses but unless you are living and breathing this stuff, the effects blockchain will have will not be visible to the average person.
In regards to Strike itself, the questions are what happens to fees if they scale up? How does this company make money? How do they handle claims of fraud? What happens if I lose my password? Or worse, what if my password is stolen? Because from my view all they are is a less secure debit card and the merchant is the one catching the discount for the lack of security.
IBut they are…
Mastercard says it's working to simplify crypto conversions on its payment card offering
Mastercard said it will begin testing the ability for banks and crypto companies to offer a card option for people wanting to spend digital currencies anywhere Mastercard is accepted.
Again, in this scenario MC is simply helping to facilitate transactions. IMO legacy financial institutions have no real skin in the game beyond blockchain data/transaction ledgers and crypto enablement to satisfy potential customer demand. I don’t see them offering any crypto products of their own beyond those two areas, or opening their development platforms. In other words, unless there are clear regulations within the crypto industry, they will largely stay on the periphery and have no real incentive to change unless customers demand it. Another reason is the security/risks and compliance nightmares many of the projects pose.But they are…
Mastercard says it's working to simplify crypto conversions on its payment card offering
Mastercard said it will begin testing the ability for banks and crypto companies to offer a card option for people wanting to spend digital currencies anywhere Mastercard is accepted.
We are basically agreeing. I don't expect them to offer a crypto product, it's already there. The thesis is, the more we see the MasterCards and Microsofts of the world opening up to the tech, the more we will see adoption because of the superior tech. There will be people that use crypto for some of their financial needs and that will continue to grow. You or I won't be closing our bank accounts to carry a crypto card, but some will, even if its just $usdc.
There is no one here making claims that this is for everyone right now. It's for some now, and will be for more people as we move forward is my argument. Also, as mentioned a few times, yours (ours) is a very American view. We don't have the same worries as those in countries where you see much higher levels of adoption.
For the second part...what happens if your bank raises fees? You find a new bank. I've had fraudulent charges on my credit card three times this year. None in crypto so far. I use a ledger so even if the software wallet is hacked, you'd need that piece of hardware and its 24 phrase password to access it, good luck. My password is saved in my email (coded so it can't be hacked) and in a safe in my house. It's not that hard if it's something that you choose to do. Again, it may not be for you.
When the comparison is being made to the early internet, then the product being discussed should be a no brainer for everyone. It’s a no brainer for you who I am guessing is very tech centric, but not for most others, so forgive me if I am having trouble trying to understand the unrelenting hype.
As for non Americans, this type of freedom isn’t going to fly in places like China, Russia, and other like places. Stable countries like the US and most of Europe it’s going to be a niche user, and poor countries where internet access is a real problem, not sure what merchants are going to be equipped to accept payment this way. There will be some places where it makes sense, Central and South America seem to be leading the way, but for most of the world it’s not going to matter all that much.
When a fraudulent charge ends up on my CC or debit card I get a call almost instantly, and if they miss it, I can see it on my account and get it resolved almost instantly. If an error is made, like a double charge from a restaurant, again resolved almost instantly. I am going to go out on a limb and say that if you are accidentally overcharged with Strike, you are highly unlikely to ever find a human that will listen and help you. What happens with Strike if you return a product via the mail and the merchant doesn’t give you the money back?
The early early internet was not user friendly for anyone. The early internet wasn't all that user friendly even for tech savvy people. That's about where we are in crypto's lifespan.
As far as fraudulent charges, you're asking what happens if a merchant doesn't approve a refund? I've had that happen with credit cards and paypal too, its really no different.
Folks that have read my posts know I like blockchain technology and I believe NFTs have a role in future society. However, in some ways, the whole coin/token ecosystem reminds me of a bunch of Amusement Parks like Fantasy Island (LBI) where you exchange cash for credits/tokens that you can then use to purchase goods from their gift shop or hold as investments. And those Amusement Parks are also trying to convince everyone that their tokens will all increase in value and eventually be accepted everywhere as a currency replacement. I just don’t see that ever happening which is why folks need to stick to the tech and forget the coin crap.
You're like the arcade and mini golf course in Ship Bottom who have filed suit trying to stop Fantasy Island from opening up a second location at the Old CVS on the Blvd 😂 Seriously though your point of view makes some sense, time will tell.
This. So few realize the struggles pre-Prodigy, pre-AOL, pre-ISDN or pre-@home or pre-dorm.
I was lucky enough to have a neighbor who ran an ISP to get us access.
I like the move, but I think Helium still has a looong way to go. The nodes and hotspots are paying out essentially garbage and there's little to no revenue being generated from a project that is so widely regarded as one of the primary web3 use cases. This thread was pretty rough to read
I've really stopped with any alts right now. I own a bunch of random coins/tokens that I'm upside down on. I had to laugh when I saw Lunc (original Luna) trending on Twitter. I grabbed a couple of hundred thousand of them when Luna was crashing to shit. I immediately regretted that decision. I wouldnt be surprised if there was an active meme campaign run in the next 6 - 8 mos trying to get that back to $1. It'll fail, but could be one of those idiotic trades many will luck into.
My two alts I always spoke on (DCR & ELA) are meddling along. Decred, switched from a hybrid PoW/PoS to an 80/20 PoS, which will kill the coin IMO.
ELA I keep patiently waiting for something to happen. Everything is built, operational decntralized web 3.0 you can dl and use. Low max coin circulation. Ample btc treasury reserves. New-ish Coinbase listing. Low market cap that just needs a spark.
Not that I'm expecting anything, but Lunc (formerly Luna) is up a few 100% from a month or 2 ago. Apparently a Dao has formed around the token and starting to burn it. Really curious now to see if the internet can meme it to .01 or .10.
I believe someone else also grabbed some here when I did.
I believe someone else also grabbed some here when I did.
There's a few people I follow on twitter who have talked about meming it to $1. Nothing would shock me
That was me. I threw a few bucks at .00022 and now its .00057, almost tripled my "investment".
If it ever memed to $1, that would be lifechanging for me. I would be endowing a schollie to the football team.
Like clockwork there's now a ton of short interest in LUNC. If it hit $1 I'll be fast tracking the addition on my home I had planned in the next 5 years.
I dont foresee me expanding my home anytime soon.
I dont foresee me expanding my home anytime soon.
I own about 5mm LUNC and bought it awhile ago at .00005 and forgot about it in a cold storage wallet. I see it’s now at .0005 so I guess I 10x that.
if that hit $1 it would be game Changing but highly unlikely
if that hit $1 it would be game Changing but highly unlikely
I bought a large amount of Doge during early covid 2020, right when some dopey tik tokers made it go viral hoping to get it to $1. I was happy to make a couple of hundred bucks in less than a week. Had I held another summer into Doge hysteria I would have made 6 figures. Moral of this is that anything is possible. Especially in the social media age where people can meme something into existence. I have to assume that there will be people drawn into this play seeing that the token was once $100.
Yeah I agree…I totally forgot I even bought this as I made a few hundred on it over a few days awhile back and just kept whatever I had In There and moved it to ledger cold storage as a test as I got one for free.
Pipedreams aside, it looks like btc had a quick dip. Back over 21k.
I also see our inept government is exploring the possibility of banning PoW domestically. Be prepared for the cyber hornets to come out on anyone in support of such nonsense. It's also one of the most ignorantly foolish Defense steps the US can take
I also see our inept government is exploring the possibility of banning PoW domestically. Be prepared for the cyber hornets to come out on anyone in support of such nonsense. It's also one of the most ignorantly foolish Defense steps the US can take
World Economic Forum loves ETH
The Merge: what Ethereum's new system means for the crypto-currency industry
Know what Ethereum Merge is and how Ethereum's imminent shift from a Proof-of-Work to a Proof-of-Stake system could herald a sea change towards sustainability among crypto-currencies.
www.weforum.org
I bought 200k coins real early with some throw away money and rode to high .20s
Looks like the vote to move Helium to Solana is going to be approved. Helium looks to be first to market with their phone, Solana sometime next year. Will be interesting to see how they partner
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