Mikass
Marauder
- Joined
- Feb 23, 2006
- Posts
- 5,568
- Avatar Name
- Masak Mikass Keer
I've been following a recent Twitter exchange between the father of the RPG&MMO genre Richard Garriot and a popular Bitcoin internet radio show "Let's talk Bitcoin"
Here is the exchange between the two (the msg exchange starts at the bottom):
Now, wouldn't it be nice to see Entropia making headlines and be the first MMO to adopt Bitcoin as payment instead of waiting it out and play catch-up after other MMOs adopt it first?
Zynga already announced they accept Bitcoin, which was great move on their part and they are a behemoth corporation. One would expect to see such bold moves from smaller game companies.
Mindark could use same method Zynga used, which was a Bitcoin payment processor like Bitpay or Coinbase .
Bitpay acts as an intermediary between the Bitcoin network and the company that accepts the Bitcoin payment. If the company doesn't want to risk holding Bitcoin due to currency volatility for example, they can just use a payment processor like Bitpay or Coinbase and have Bitcoins converted by Bitpay into USD, Euros or other currency of choice. By accepting Bitcoin via Bitpay, Mindark won't even see or "touch" the Bitcoins, they will only see the USD, Euros, Krona or other currency of choice and get all the of media exposure and some new customers that should come with it.
Coinbase (Bitcoin payment processor) CEO talking on Bloomberg about how they handle payments for big retailers such as Overstock. Worth watching to understand the mechanism behind it:
http://www.bloomberg.com/video/overstock-com-now-accepting-bitcoin-M4_Os2maQoSY8ECIZ_gZQA.html
Check out the media coverage after first major university decided to accept Bitcoin payments:
http://www.unic.ac.cy/digitalcurrency
http://dcbhm58xdznta.cloudfront.net/files/20131210-unic_digital_currency_initiative-final.pdf
Starting at minute 12:30
Here is the exchange between the two (the msg exchange starts at the bottom):
Now, wouldn't it be nice to see Entropia making headlines and be the first MMO to adopt Bitcoin as payment instead of waiting it out and play catch-up after other MMOs adopt it first?
Zynga already announced they accept Bitcoin, which was great move on their part and they are a behemoth corporation. One would expect to see such bold moves from smaller game companies.
Mindark could use same method Zynga used, which was a Bitcoin payment processor like Bitpay or Coinbase .
Bitpay acts as an intermediary between the Bitcoin network and the company that accepts the Bitcoin payment. If the company doesn't want to risk holding Bitcoin due to currency volatility for example, they can just use a payment processor like Bitpay or Coinbase and have Bitcoins converted by Bitpay into USD, Euros or other currency of choice. By accepting Bitcoin via Bitpay, Mindark won't even see or "touch" the Bitcoins, they will only see the USD, Euros, Krona or other currency of choice and get all the of media exposure and some new customers that should come with it.
Coinbase (Bitcoin payment processor) CEO talking on Bloomberg about how they handle payments for big retailers such as Overstock. Worth watching to understand the mechanism behind it:
http://www.bloomberg.com/video/overstock-com-now-accepting-bitcoin-M4_Os2maQoSY8ECIZ_gZQA.html
Check out the media coverage after first major university decided to accept Bitcoin payments:
http://www.unic.ac.cy/digitalcurrency
http://dcbhm58xdznta.cloudfront.net/files/20131210-unic_digital_currency_initiative-final.pdf
Starting at minute 12:30
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