- Apr 4, 2006
- Ft. Liquordale
- Avatar Name
- Ben Rumsponge Rumson
Exactly this is wrong:
US players currently need to pay 35 US$ or sometrhing like that to withdraw 1000 PEDs from Entropia... due to bank fees. With any cryptocurrency it would go down to a few cents.
It's been quite some time since my last withdrawal, but I do not recall it being anywhere near that much. I thought it was more like a few percent.
Regardless, MA keeps a 1% fee, and there will be some cost of transaction for MA to buy them and for you to sell them, so I am not seeing a huge savings. Plus, it won't do anything to speed up the withdrawal time.
I don't hate Bitcoins. I think they're cute and funny and silly, just like an online version of Beanie Babies. But, I do think it's a little misguided to think that the player base is going to significantly increase if MA starts taking Beanie Babies (sorry, I meant Bitcoins) as deposits directly as opposed to taking them through Netteller as they already do. And that was the premise of this thread.