MindArk's Upcoming Blockchain Project

"Imagine that a friend is building a casino and asks you to invest. In exchange, you get chips that can be used at the casino’s tables once it’s finished. Now imagine that the value of the chips isn’t fixed, and will instead fluctuate depending on the popularity of the casino, the number of other gamblers and the regulatory environment for casinos. Oh, and instead of a friend, imagine it’s a stranger on the internet who might be using a fake name, who might not actually know how to build a casino, and whom you probably can’t sue for fraud if he steals your money and uses it to buy a Porsche instead. That’s an I.C.O."

https://www.nytimes.com/2017/09/15/business/cryptocurrency-bubble-doge.html
 
Once upon a time, there was a MMORPG called Project Entropia.

It featured a sci-fi theme involving mankind's first colony among the stars, technology gone wrong, and the fight for survival on a planet with no hope for reinforcements from Earth. It had an in-game currency called the PED, which could be deposited in game from RL banking, and if the player was lucky, profits from hunting, manufacturing, and mining could be pulled back out by the same method.

I miss that game. I miss laying in the grass outside the yellow walls of Port Atlantis, gazing skyward, idly wondering what fortunes awaited me.

I miss the lore of that game, the memorial to man's will to live, hastily written by some of the last human combatants at Zychion Citadel, asking us to remember.

I miss Mister Bones at Twin Peaks.

I miss taunting Lord Telleton, that wanker come to kill us all.

I miss Hadesheim, our once proud Capital City. Taken from us by the robots at the impact of Typhon, down to and including the beloved Junkyard Bar in the Northwest sector. We rallied, we fought, we, the people, organized the first mobilized assault in gaming history, in a valiant effort to reclaim our city. We prevailed, for a bit... and then the gamemasters threw us a challenge. Oh, Lootius and Lootsifer, how we fought to hold that land!

Without a constant, persistant lore, maintained by people that love the game, all that has been lost, like...
...tears in the rain?
 
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, all that has been lost, like...
...tears in the rain?

I think the actual spoken line was 'like tears in rain', but I feel your pain bro'!
We have lost a lot of what we had, and those who come after us will not even know...

Back on track, I find the subject to be an interesting one, but does it have to be complete xyzs in the driving seat and does MA really have to go there?
 
I would prefer it if MindArk® focused their time and resources on developing their flagship product, Entropia Universe.

Many bugs need fixing, and there are opportunities everywhere for new content, improving existing content, and lots of room for improvement in terms of the player experience.
 
I would prefer it if MindArk® focused their time and resources on developing their flagship product, Entropia Universe.

Many bugs need fixing, and there are opportunities everywhere for new content, improving existing content, and lots of room for improvement in terms of the player experience.

100% the most important thing said in this thread
 
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While Ethereum is straining under a few kitties procreating the people who brought you THE LAG™ are deciding to go blockchain...
:umn:
 
while i'm pretty aware already kind of world we're living in, not everyone is. if you run a business and handle shitloads of cash (or tokens, whatever) ... maybe this kind of stuff happens to you next (and so it does even to banks, but they stfu about it) :ahh:

https://www.reddit.com/r/NiceHash/comments/7hxxp3/hicehash_hacked/
https://www.reddit.com/r/Bitcoin/comments/7hyv78/nicehash_may_have_been_hacked/

let's talk about security? :girl:

Yep my wallet just got emptied @nicehash luckily only had $7 in my account :tongue2:
 
bLeMAKP.jpg
 
Well at this point, as bitcoin is currently is surging past 14.5k USD, might it not be a better idea for MA to just purchase a few bitcoin and break them up (bitcoin are infinitely divisible) and put them in the lootpool!

You want to see good marketing, try telling new players they have a chance to loot bitcoin pieces...

-008
 
I think I'm sticking with:

  • Gold
  • Tinned Corned Beef
  • Bottled Water




I'm always right, I'm just not always right at the right time. ;-)
 
Does anyone wonder why MA so badly needs record profit?
since when to earn millions for a video game has become a new rule :rolleyes:
to listen to them, they need many millions to develop EU :laugh: where have spent their money: in Compet? in another non-profit investment?
start already by removing your Cryengine who did not work to put a real graphic engine

They've been reading too many speeches and financial reports from EA and Activision. They don't want some of you money they want ALL of your money.
 
In other news, Steam just dropped support for Bitcoin due to high volatility.

[ source ]
 
I see it as a way of turning PED into a cryptocurrency. I.e. your actions in-game (hunting, mining, crafting whatever) which generate a PED return will be effectively "mining". That way, MA takes their rake (5%) from you even though your actions produced the Tokens.

It seems like a production+investment generator for MA which is a bit sneaky for those who don't fully understand what they are doing.

Think of it this way: I have X work which is required to produce 1 DeepToken - lets say, 1 30 minute Mayhem instance. From that X work, MA takes their nominal rake cut (5%) from your token - so you actually are paid 0.95 DeepTokens and MA receive 0.05. So far, so similar. The difference is, the DeepTokens are no longer tied to the USD (only initially) and the only producer is Entropia. So the price of DT may rise, which allows MA a risk free scenario.

i.e.

Current situation:

MA receives deposit of $10, the deposit is used (once) for hunting, releasing a liability of $9.50 (and a profit of $0.50 less costs).

DT:

MA receives deposit of $10, the deposit is used (once) for hunting, releasing a liability of $0.00 (and a profit of $10). Additionally, MA are in possession of 0.05 DT, while the participant is in possession of 0.95 DT.

If we let the value of 1 DT = $10, the player (on the open market) is still in possession of the equivalent of $9.50. The DT only has the value of the open market - if the value drops, lets say 1 DT = $1, the player now has just the equivalent of $0.95, while MA has the equivalent of $10 + $0.05. If the value increases, lets say 1 DT = $100, the player has a good total of $95, while MA also has a non-loss of $10+$5.

_____

Tl;dr, it removes MA's liability (assuming all returns are paid in DT, and assuming DT is an open market trader rather than an "exchange" or shop directly with MA who set the price).

I will let you all know if I manage to make it to London on Tuesday (it's pretty far for me, about 4hrs drive and I'm not staying over just for that hah).

So am I understanding you right? You are proposing that MA will build miners into the Entropia Client? So in effect using the player base as a massive mining pool?

I guess they could do this, actually they could do it with the client loader and coinhive API in about 10 minutes. This would get them Monero iirc. For extra fun they could use ava names to log workdone against player accounts. They could then use the stats to make rewards to the players depending on how much work they have done (which is exactly the reason coinhive have such functionality available).

Wistrel
 
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Wouldn't take encourage people to be AFK clients - rubber bands at the ready folks.

 
Uh, hey, Mindark, I hope you realize that the longer you wait to actually put the white paper up on http://deeptoken.net/ the longer you are allowing others with similarly named content, etc. to take up your search engine rankings, which could lower your final sales on that thing as people get confused about what the heck your product actually is...

For instance a recent search tonight of the words deep token pdf brings us this type of results:
https://www.kickstarter.com/project...liffs-a-horror-module-for-5th-e/posts/1938517

http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.89.6776&rep=rep1&type=pdf

http://www.cs.cornell.edu/~hema/papers/wsdm157-koppula.pdf

https://go7gaming.com/wp-content/uploads/2015/04/AQBASE-001-INSTRUCTIONS-WEB.pdf - this one even has a similar sounding name to one of your planets, except it's spelling Arcadia with a C instead of a K as your Arkadia Planet does... (would be cool as hell if Arkadia actually had a real box set of miniatures, etc., and real life rpg to go with the whole Alpha Core Card idea, lol)
 
You want to see good marketing, try telling new players they have a chance to loot bitcoin pieces...
Holy shit that's the best marketing idea for Entropia I've seen in a while! Perfect for a press release that's sure to be picked up. Start accepting bitcoin for deposits and withdrawls and even having it as something that can be looted.

That would create a HUGE media frenzy!

So i'll be able to exchange ped for the ICO and then transfer it to btc and vice-versa?

would be sweet... no more 60-day waiting period for my withdrawals

Um, no no... this is to be done for the benefit of MA only, you're still going to have to wait the 60 days for withdrawals to prevent money laundering and fraud.

Yup, yet another shiny object being chased by the worlds most distractable company...

Here's a crazy idea - how about you finish one of the countless other projects you've started that were supposed to be the next big thing to make you money (like compet).

This clip pretty much sums up the whole MA getting into the whole crypto-currency business:

 
Well it's been 2 weeks now.... an eternity in cryptoworld...

uovfvaounsbz.gif


Updates???!

008
 
Well it's been 2 weeks now.... an eternity in cryptoworld...

Probably won't be any updates til after new years I suspect... Mindark's doing this thing in place of the regular end of the year/beginning of the year sale I think... they have to wait til MM is over to determine what price they need to put on this thing to cook the books, so to speak.
 
Probably won't be any updates til after new years I suspect... Mindark's doing this thing in place of the regular end of the year/beginning of the year sale I think... they have to wait til MM is over to determine what price they need to put on this thing to cook the books, so to speak.

I heard they were going to start it after they start paying compet deeds.
 
I heard they were going to start it after they start paying compet deeds.

I'm "reliably" informed that will be just after the space courier missions are implemented.

Wistrel

(I might be talking nonsense)
 
I heard they were going to start it after they start paying compet deeds.

Negative. The ICO will be immediately prior to paying Compet Deeds, and be "totally unrelated".
Implementation of the DeepToken into the game itself will be announced after all ICO tokens are sold.
 
I think I'm sticking with:

  • Gold
  • Tinned Corned Beef
  • Bottled Water




I'm always right, I'm just not always right at the right time. ;-)


You forgot dehydrated potato shreds and dehydrated onion. :)
 
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