Entropia the first MMO to accept Bitcoin?

[Shady]

you want free advertising huh?

imo you should have name monria the moon and show to million of ppl that like space and astronomy
instead of 5 emo that like Cthulhu

why dont you sell your bitcoin for money and then deposite the money?

need to be sure mindark receive the real money from bitpay before the ped is given for it to work

 

[aridash]

You're wrong

granted i hadnt read that tweet. in a half dzoen articles, the "new customers" aspect isnt mentioned. i still stand by the point one days tradeing does not make this significant, lets see what they say about the first months trading

You can play the role of the sarcastic infatuated sourpuss. It's fine by me. Doesn't change the facts one bit.

im not a sourpuss, i like bitcoin and i like facts. not embelishments of facts painted with a ideological brush. zealots will put off as many people, bitcoin needs steady growth to become more than a flash in the pan. you compare to internet earlier and its important to know that bitcoin is not the internet. bitcoin is analogous to a company using the internet, will it be a pets.com or amazon? the real technology is those underpinning cryptocurrency, proof-of-work, the blockchain, the network etc. thats what is a major change and can be used to spin up any number of new currencies, for any number of new uses or markets.

 

[Vedder]

I remember the early days of the internet. I was one of the "early adopters". Bought a 9kb modem and a shared dial-up account with 2 of my friends at the time back in high school. Found a whole new world out there with dozens of sources of information. I even printed lots of stuff as it was much easier to read and brought some of it to school to use as source material for various tasks. I remember how dismissive people were saying stuff like "Oh, it's from <the internet> so it's not reliable. Internet is shady and not censored/protected and information flows freely there so can't be reliable." Those very people that bitched about it then are heavy internet users now. There were so many detractors back in the day, even Nobel Prize winners like Paul Krugman who said internet was just a fad that won't last.

The growth of the Internet will slow drastically, as the flaw in “Metcalfe’s law”–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.

http://web.archive.org/web/199806101...economics.html

There were many idiotic but highly appreciated and praised articles like this one back in the day http://www.newsweek.com/clifford-sto...nirvana-185306

After two decades online, I'm perplexed. It's not that I haven't had a gas of a good time on the Internet. I've met great people and even caught a hacker or two. But today, I'm uneasy about this most trendy and oversold community. Visionaries see a future of telecommuting workers, interactive libraries and multimedia classrooms. They speak of electronic town meetings and virtual communities. Commerce and business will shift from offices and malls to networks and modems. And the freedom of digital networks will make government more democratic.

Baloney. Do our computer pundits lack all common sense? The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works.

Consider today's online world. The Usenet, a worldwide bulletin board, allows anyone to post messages across the nation. Your word gets out, leapfrogging editors and publishers. Every voice can be heard cheaply and instantly. The result? Every voice is heard. The cacophany more closely resembles citizens band radio, complete with handles, harrasment, and anonymous threats. When most everyone shouts, few listen. How about electronic publishing? Try reading a book on disc. At best, it's an unpleasant chore: the myopic glow of a clunky computer replaces the friendly pages of a book. And you can't tote that laptop to the beach. Yet Nicholas Negroponte, director of the MIT Media Lab, predicts that we'll soon buy books and newspapers straight over the Intenet. Uh, sure.

Then there's cyberbusiness. We're promised instant catalog shopping—just point and click for great deals. We'll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obselete. So how come my local mall does more business in an afternoon than the entire Internet handles in a month? Even if there were a trustworthy way to send money over the Internet—which there isn't—the network is missing a most essential ingredient of capitalism: salespeople.

Fast forward to present day; all these statements were proven false and people who made those claims are now biting their tongue. Of course was all fine and dandy to be among the sheeple and part of the crowd that trash talked it because everyone was doing it. People didn't want to be left alone defending it. Better be wrong with the crowd than be right and alone as some would say. Monkey see monkey do.

Love those old quotes.
Plenty other gems about computers too.

However, same argument could be used to declare any new technology a winner. Some of them fail. Most of them actually. (Not that I expect BitCoins to fail, just saying)


But... I'm with Aridash. I think you overestimate the impact of MA allowing BitCoin deposits.
I just don't see BitCoin owners without interest in Sci-fi or MMOs, lining up for massive deposits, no matter how much PR it gives MA. A few might try Entropia out of curiosity, and a tiny fraction of those might stick around.
And those who has an interest in Sci-fi MMOs, probably already know about Entropia. They might start depositing in BitCoins, but probably not more than they used to do i USD or whatever currency.

But let's hope MA actually implements it (and no bad things happens)... Then we'll see who was right.

 

[kailahopkins]

I must say understanding bitcoin needs a pretty in-depth exploration of its roots and mechanism/protocol. I'm no bitcoin expert but try to read this one: http://bitcoindaily.com/decoding-the-bitcoin/. It's up to you if you believe in crypto currency or not.

 

[Mikass]

Virgin Group founder Richard Branson, why he's decided to accept Bitcoin

This CNN appearance followed that of the Overstock CEO.

 

[billairboy]

This CNN appearance followed that of the Overstock CEO.

In my opinion nobody do it for the business opportunities, they are just taking advantage of the bitcoin buzz and hype to get some extra PR for them self.

 

[Mikass]

In my opinion nobody do it for the business opportunities, they are just taking advantage of the bitcoin buzz and hype to get some extra PR for them self.

It's fine to have an opinion as long you can back it up with facts otherwise the opinion is worthless and doesn't carry much weight.

Overstock sold the first day of accepting Bitcoin over $130k worth of goods, majority of those sales coming from brand new customers who never shopped there before. That's a fact.

 

[billairboy]

It's fine to have an opinion as long you can back it up with facts otherwise the opinion is worthless and doesn't carry much weight.

Overstock sold the first day of accepting Bitcoin over $130k worth of goods, majority of those sales coming from brand new customers who never shopped there before. That's a fact.

If we look at the number of transactions per day, a year ago they was around 50 000/day, looking today... somewhere between 50 000 -60 000/day i jan, let's day a 20 % increase. That's not a hug explosive increase in 2013.

 

[Count Joe]

What kinda` "reading" is this? Why link this China news, when we know that China is notorious when it comes to limiting market access. Gaming consoles like Xbox and PS3 were just allowed in China few days ago after years of being banned for example.

Why not post the link about Overstock, an American Nasdaq listed company that announced they've just started accepting Bitcoin payments the other day and sold $130k worth of goods in just one day, most sales coming from new customers who never shopped at Overstock before. http://blogs.marketwatch.com/thetel...o-leave-in-the-hands-of-government-officials/

Why link to any news then? only becouse it doesnt helping your quest its crap?
what kinda linkes are you posting? a swedish politicsman that have done nothing. only thing hes famous for now is collecting massive salery from the EU (not entropia).
Or posting a link with Branson who hasnt done a singel flight yet with his Virgin Galactic.

 

[Tepes]

Bitcoin really deserves a crash right now to cool off some heads. BTC raised way too high.

I loved how all the financial "experts" crawled under a rock in October 2008. Of course after enough money got printed to bail everyone out, they did exactly the same and we are again very close to a 2007 situation. The same sharks jump on the BTC train now, good for them.

And to cut the crap about OP title, the first MMO using exclusively bitcoins was already launched years ago. Is not an Entropia competitor so I'll name it here: Dragon's Tale. Is a casino game, not the regular kind but with weird games where one can bet with BTC and divisions of it. I saw people winning tens of coins 8k USD in value and some losing. The constant increase of BTC price killed it a bit and wages had to be lowered, but the guy who designed it for sure made a blast.

And before making fun of the number of players, EU does not shine either. Now 1BTM bet is 1 dollar, before was just fun gambling.

I would say it's safe to say atleast one PP has read your thread....

http://neverdienews.com/2014/01/11/crazy-gamer-pays-15-million-rotten-bananas-for-virtual-island/

This Breaking Story is set in the future is an attempt at Humor but will mostly like come true, some of it at least - damn, I was thinking ND really lost it

 

[Dab]

It's fine to have an opinion as long you can back it up with facts otherwise the opinion is worthless and doesn't carry much weight.

Overstock sold the first day of accepting Bitcoin over $130k worth of goods, majority of those sales coming from brand new customers who never shopped there before. That's a fact.

Opinions don't need to be backed up with facts. That's why you say "In my opinion" before saying what you think.

Opinion

1.

a view or judgment formed about something, not necessarily based on fact or knowledge.



I agree with his opinion as well.

Now back on topic.

Coudn't the thread title just as well be: Entropia the first MMO to accept Rare Stamps?

Since it won't be MA accepting bitcoins but a payment provider. If that same payment provider accepted rare stamps then would it be hyped that rare stamps are the thing to invest in now?

Does Overstock accept Bitcoins directly or are they just getting real currency from a payment provider who accepts bitcoins? Same with Virgin and most of the other companies listed as accepting bitcoins?

The bubble on bitcoins is going to keep bursting over and over again, it's just a giant pyramid scheme and some people are cashing in at the expense of others.

In my opinion.

 

[Mikass]

If we look at the number of transactions per day, a year ago they was around 50 000/day, looking today... somewhere between 50 000 -60 000/day i jan, let's day a 20 % increase. That's not a hug explosive increase in 2013.

You forgot to mention what do those numbers represent and where you got them from.

Why link to any news then? only becouse it doesnt helping your quest its crap?
what kinda linkes are you posting? a swedish politicsman that have done nothing. only thing hes famous for now is collecting massive salery from the EU (not entropia).
Or posting a link with Branson who hasnt done a singel flight yet with his Virgin Galactic.

I was pointing out that the link you've posted is related to a Chinese company and you've given people the impression with that brief post that the link in question is key to understanding Bitcoin, the way you've phrased it, when actually it's about a Chinese company who's about to IPO and cosing up to the authorities, limiting Bitcoin access in an attempt to do so. As I've pointed out earlier, consoles like Xbox or PS3 were forbidden in China until no long ago. Authorities there are very strict to all things digital. I think everyone knows that, so linking an article about happenings in China doesn't paint the full picture. Just because console sales of PS3/Xbox were banned in China, didn't make Sony or Microsoft go out of business or make them any less valuable as companies.

Virgin Galactic takes payments already from those who wish to book flights with them.

Bitcoin really deserves a crash right now to cool off some heads. BTC raised way too high.

I loved how all the financial "experts" crawled under a rock in October 2008. Of course after enough money got printed to bail everyone out, they did exactly the same and we are again very close to a 2007 situation. The same sharks jump on the BTC train now, good for them.

And to cut the crap about OP title, the first MMO using exclusively bitcoins was already launched years ago. Is not an Entropia competitor so I'll name it here: Dragon's Tale. Is a casino game, not the regular kind but with weird games where one can bet with BTC and divisions of it. I saw people winning tens of coins 8k USD in value and some losing. The constant increase of BTC price killed it a bit and wages had to be lowered, but the guy who designed it for sure made a blast.

And before making fun of the number of players, EU does not shine either. Now 1BTM bet is 1 dollar, before was just fun gambling.

You're not adding anything to the conversation except vitriol, wishful thinking and sour grapes remarks. What you think should happen to the price of Bitcoin is not relevant one bit, neither is your input about "financial experts" and economic crises.

As for the title of this thread, it's based on the tweets in the OP. That "game" you've mentioned hardly qualifies. It's an online casino, as you've said it yourself, one who openly advertises as such.

I'd advise you to refrain from using words like crap if you wanna have a civilized dialogue.

Opinions don't need to be backed up with facts. That's why you say "In my opinion" before saying what you think.

I didn't say an opinion needs to be backed by facts just that it's kinda` worthless and doesn't carry much weight if it's not.

Since it won't be MA accepting bitcoins but a payment provider. If that same payment provider accepted rare stamps then would it be hyped that rare stamps are the thing to invest in now?

Does Overstock accept Bitcoins directly or are they just getting real currency from a payment provider who accepts bitcoins? Same with Virgin and most of the other companies listed as accepting bitcoins?

The bubble on bitcoins is going to keep bursting over and over again, it's just a giant pyramid scheme and some people are cashing in at the expense of others.

In my opinion.

Overstock and other companies accept Bitcoin payments via a Bitcoin payment processor.

Bitcoins are not in a bubble and are not a giant pyramid scheme either. I'm sorry that some mainstream media articles made you think that way. I challenge you to provide some facts to back up those claims if you can.

Here is why you're wrong about your bubble claims (check video below), as for the pyramid scheme claim:

Bitcoin is nearly opposite of a pyramid scheme in a mathematical sense. Because Bitcoins are algorithmically made scarce, no exponential benefit is derived from introducing new users to use of it. There is a quantitative benefit in having additional interest or demand, but this is in no way exponential.

 

[Tepes]

You're not adding anything to the conversation except vitriol, wishful thinking and sour grapes remarks.

You also reject any criticism with accusation of paranoia, posting irrelevant youtube videos and flatly lying about BTC network security, DESPITE the fact that hundreds of thousands of coins were stolen as recent as 1 month ago.

What you think should happen to the price of Bitcoin is not relevant one bit, neither is your input about "financial experts" and economic crises.

Of course is not relevant. Only your opinion is relevant, and that of those agreeing with you. I'm also on opinion that launching Monria and letting a mining "bug" to be active for 2 days just for advertising purposes was a disgusting immoral act, how about that? Who paid for that "bug" (rhetorical question)?

That "game" you've mentioned hardly qualifies. It's an online casino, as you've said it yourself, one who openly advertises as such.

Now that you mentioned it, so is EU nowadays, only they are far for being honest and recognize it - is an online casino with a very high house rake.

Bitcoins are not in a bubble

Dream on. I cannot have a discussion with fanatics.

Edit: Quotes from MTGox:

Wire transfers are currently taking more than 4 weeks to process due to the volume of withdrawal requests currently in the queue.

Due to the volume of withdrawals requests, each customer is currently only allowed 1 withdrawal every 20 days (estimate)

I guess the first big bubble bursted already, from 1200 to 840 is over 30% loss. Time for the next one.

 

[ermik]

tulips for everyone!

 

[Mikass]

You also reject any criticism with accusation of paranoia, posting irrelevant youtube videos and flatly lying about BTC network security, DESPITE the fact that hundreds of thousands of coins were stolen as recent as 1 month ago.

If you have proof to counter my arguments please do so. So far you've had none. The videos I've posted were very relevant to the conversation and point I was trying to make. However, most of what you've posted so far was not.

The Bitcoin network is very secure. The fact that some exchanges are not is different story. It's like saying the USD is bad currency because of few banks robberies where USD was stolen.

Of course is not relevant. Only your opinion is relevant, and that of those agreeing with you. I'm also on opinion that launching Monria and letting a mining "bug" to be active for 2 days just for advertising purposes was a disgusting immoral act, how about that? Who paid for that "bug" (rhetorical question)?

You've also implied initially and then edited and removed the part about "paying" for an ATH and then changed your tune to make it sound more convincing along similar lines. You have implied Mindark was somehow involved in creating an ATH out of thin air.

This is the same kind of off-topic you engage in to attack the other party since you can't come up with solid arguments to counter specific statements. You are aware you are making wild accusations based on pure speculation? The type of ad hominem attack you engage in is rather lame and kinda` disqualifies you from a rational debate.

Dream on. I cannot have a discussion with fanatics.

Edit: Quotes from MTGox:

I guess the first big bubble bursted already, from 1200 to 840 is over 30% loss. Time for the next one.

Actually the vice versa applies, a discussion with you is hard to have because you don't like talking about specific facts but rather around the subject.

There are dozens of Bitcoin exchanges. MtGox is just one of them. They've experienced withdrawal delays, however most of their rival exchanges processes SEPA withdrawals in 1 to 3 days.

Drops and increases in price are not "bubbles". Every stock of known companies experiences such moves. Get your definitions straight.

tulips for everyone!

Patterns of bubbles, such as the widely referenced "tulip mania" where very clear. Prices rose up wildly based on no real fundamentals and experienced a huge crash and never recovered afterwards. Price of Bitcoin, on the other hand, experienced few major crashes and always recovered to make new highs. This doesn't follow the price action of any known historic bubble. It follows the growth pattern of high growth companies like 3D printing companies, Twitter, Facebook and so on in their pre-IPO phase. Check the video I've posted earlier.

 

[AxeMurderer]

Here is why you're wrong about your bubble claims (check video below), as for the pyramid scheme claim:

That video is full of crap. If rabits on some island reproduce fast the logical conclusion is that bitcoin price will only grow in the future. If facebook and twetter were success so will be bitcoins.

And on the main topic. Why Entropia need to accept bitcoins. You can just sell them for dollars and deposit dollars.

And now back at bitcoins.
1.You can't buy cheeseburger with them.
2.If you mie them you get less than your power bill.
3.If you buy them from someone else you just make him happy and be ready to loose your money.
4.Those sites that buys your bitcoins probably just buys them from you until there is someone else buying from them for more. And when everyone stop buying them (becouse you don't realy need them) those sites will stop buying too. And who holds bitcoins will cry.

 

[Mikass]

tulips for everyone!

That video is full of crap. If rabits on some island reproduce fast the logical conclusion is that bitcoin price will only grow in the future. If facebook and twetter were success so will be bitcoins.

And on the main topic. Why Entropia need to accept bitcoins. You can just sell them for dollars and deposit dollars.

And now back at bitcoins.

1.You can't buy cheeseburger with them.

What? Did you bother to watch the entire video? He doesn't make those claims. He merely compares the growth patterns with other similar growth patterns, something most people who are not angel investors and venture capitalists don't know much about.

You can buy cheeseburgers with them. http://www.standard.co.uk/news/lond...00131-bitcoins-750-to-you-and-me-8997443.html

http://www.coindesk.com/bitcoin-can-now-buy-breakfast-glasgow/

 

[billairboy]

You forgot to mention what do those numbers represent and where you got them from.

https://blockchain.info/charts/n-transactions

 

[Mikass]

https://blockchain.info/charts/n-transactions

You forgot to mention the December spike when over 100k transactions took place (a new record).

This is how the graph accounting for all transactions since inception looks like.

 

[billairboy]

You forgot to mention the December spike when over 100k transactions took place (a new record).

This is how the graph accounting for all transactions since inception looks like.

Yeah, well the december spike was just as you say a spike, probably because of big trades when the bitcoin value droped, it's not a trend. Yes, it and upward trend, but since the middle of 2012, it's not impressive in my opinion if you compare to what you give illusion of. It think the hype already is loosing steam, but I confess I could be wrong, but honestly I don't think so. I think the concept could have a future if they made it a bit less complicated and solved some issues, and if some big institutions backed the system up, but I don't think that will happen.

 

[Tepes]

OFFTOPIC

My reply disappeared into the bowels of this forum so another try:

I do not edited my previous post to change what I wanted to say, I'm not the bashful type. Just added MtGox info. And yes, I was thinking I was clear, I do believe it was a collusion at Monria launch in order to force an ATH. Prove it? Impossible of course, unless common sense is applied - for a "bug" affecting their pockets, MA really took their time shutting it down, and at the end even returned expired claims, highly unusual outcome.

END OFFTOPIC

My points are clear, I'll reiterate them below. You keep asking for facts but what facts do you need if you deny them?

First, I said Bitcoin concept is not secure. Time and time again, BTC are stolen from wallets, and not only from the ones who indiscriminately click an email attachment because is pretty, but from well-established places. The companies jumping into the fry will be next, no doubts about it - many are unable to keep their credit card data secure, they will blow it with bitcoins as well, even more easily. It is also very prone to price speculations, but I understand this does not bother you as I'm sure you're all into it.

There are ways to secure it? Sure, if you bother to do it, but how many will bother - not the small fish:

http://www.independent.co.uk/news/b...-adds-bitcoin-to-commodity-vault-9055414.html

You advertise the "no chargebacks" as a positive, I see it as a negative and a step back in customer protection. If the guy from e-bay is sending me some sh!t, I should have a way to take my money back.

Second, and more important, I was making the case that Bitcoin will face increased scrutiny from governments once it will become more popular. A victim of its own success - and my only post on a well-know bitcoin forum was related to this, when BTC was under 20 USD. What do you know, I was proven right, it happened exactly what I predicted - some countries moved to regulation and taxation, some banned it.

HARD FACT: http://www.reuters.com/article/2014/01/08/us-china-bitcoin-idUSBREA070F620140108

Quote from above:

"The Taobao ban, which covers other virtual currencies, also includes the sale of any guides, computer hardware or software related to bitcoin "mining"

That is a 165 billion $ market, not a joke. Due to be implemented yesterday, 14 January.

You post all kind of dudes, well here it is, a MIT economy professor making my point, found the article today:

http://www.technologyreview.com/news/520296/leading-economist-predicts-a-bitcoin-backlash/

Now... please do not try to bullshit me Bacau or Ramnicu Valcea style. I'm from the same country as you are, and I'm well aware the vested interest some of our compatriots have into virtual realm, crypto-currencies and such. Also knowing what many (yes, many) are doing, I'm not too keen to jump in. We are not the only ones with "talent" on these things of course, but for sure we are in top 10.

I will not say that I was an early supporter of internet as you said, I'm pretty sure internet was to become succesfull without our 9600 modems. Funny how early internet was mostly full of BBSes with porn and cracked games and Usenet lists teaching how to make a pipe bomb, kinda Silk Road of the ages. But I was around computers and net since early DOS times and even before, so I'm not just running my mouth.

My opinion on Paul Krugman you mentioned earlier: he's an idiot, and he can stick his politically-awarded Nobel econo piss prize where the sun does not shine. If it will be upon him and others like him, we should all have a printer next to the coat hanger, printing money as we need - much easier than generating bitcoins. Then haul them into a wheelbarrow and off to market to buy 3 potatoes.. or BTC.

I hope MA will stay away from BTC stuff, whoever wants to sell them for normal currency can do it somewhere else then make a nice regular deposit. Do you think waves of BTC enthusiasts will flock to the game just because it will be the first (technically not as I said)? then go pew pew then wait 3 months to get their rest of the money back? Is not the depositing methods MA is lacking now, just the stupid herd thinned out. And BTC owners are more shrewd than MA anyway, at least the old ones.

One more proof that many into the hype they have NO IDEA with what they are dealing:

http://rt.com/usa/bloomberg-anchor-robbed-bitcoin-747/

Yes, the idiot flashed the code on TV, at least he got it back.

Noroc bun (nu o sa te mai deranjez).

 

[Naomi]

lol

lol, and rl money can't be stolen?
it's exactly the same. If you leave your money on your driveway it gets easily stolen. If you leave your bitcoins open on the net, it gets easily stolen.
If you secure both, it is pretty good protected. There are several ways to make bitcoin 100% impossible to steal, which can't be said of rl money.

 

[Joat]

lol, and rl money can't be stolen?
it's exactly the same. If you leave your money on your driveway it gets easily stolen. If you leave your bitcoins open on the net, it gets easily stolen.
If you secure both, it is pretty good protected. There are several ways to make bitcoin 100% impossible to steal, which can't be said of rl money.

They can be secure, but saying they will be 100% is a bit wrong.
Nothing is 100% safe...

 

[aia]

Rotten Bananas have a base Value of 1000 Rotten Bananas to the USD dollar, but in recent months Rotten Bananas have strengthened against the Weak dollar with Rotten Bananas reaching a High of 500 to the US dollar, before settling down to around 900 to the Dollar.

Rotten Bananas have proven to be a more appealing Virtual Currency to the general public than bitcoin, given that they are collected by Avatars Killing Zombies inside the ROCKTROPIA Virtual World, whereas Bitcoins are mined by solving complex algorithms, which most people find to be extremely boring.

Restaurants and Coffee Shops throughout the United states and Europe have begun to accept Rotten Virtual Bananas in Exchange for Coffee and Food and it is expected that major credit Card Companies will soon Endorse Rotten Bananas as a legitimate means for paying Credit Card bills.
...

(from http://neverdienews.com/ )

 

[Konve]

Oh god please no.

I still have no idea what a bitcoin really is. Can someone explain in simple terms please? and how can this imaginary bitcoin that doesn't exist be used in a real shop?

Someone wanted to get rich. So he/they made their own virtual currency. They gave a lot of "good" reasons why people should buy into it. Like "it's a limited commodity, so buy now!"

Lucky for them more and more and picking it up. Investing in it for... no real reason.

If you were in on it early chances are you made a lot of money if you saved your bitcoins thus far. A bit like Entropia and old items.


Watch as more and more countries regulate and/or our right bans it (like China already did).

 

[Naomi]

Currently china has limited the use, mainly to press the price so that they can buy themselves.
They do this because they want to be ahead in the current currency wars with other world powers.

All capitalistic powers seem to be buying, building a reserve, for when this becomes more influencial, which it will in due time.

Other countries seem to be informing themselves about virtual coins, to make sure that they don't miss the boat. Most countries seem to support it, allow trading companies, bitcoin money terminals, etc.
Since 2014, money firms that do large scale investments, are also buying.
We can only guess what the future will bring, but if one has some money apart, it does not hurt diversifying between regular currencies, land, gold, stocks and yes, digital currencies !
Diversification has always been a quite safe and interesting course.

 

[Mikass]

Currently china has limited the use, mainly to press the price so that they can buy themselves.
They do this because they want to be ahead in the current currency wars with other world powers.

All capitalistic powers seem to be buying, building a reserve, for when this becomes more influencial, which it will in due time.

Other countries seem to be informing themselves about virtual coins, to make sure that they don't miss the boat. Most countries seem to support it, allow trading companies, bitcoin money terminals, etc.
Since 2014, money firms that do large scale investments, are also buying.
We can only guess what the future will bring, but if one has some money apart, it does not hurt diversifying between regular currencies, land, gold, stocks and yes, digital currencies !
Diversification has always been a quite safe and interesting course.

Indeed. Some countries worry they might miss the boat and want to get into the game.

From a recent summary of a French senate Bitcoin meeting:

The French authorities see digital currencies as a kind of competition between powerful economies like the USA, Germany and UK, and feel a need for France to catch up.

Full article here.

 

[JaKst3r]

Personally I think adding this as a deposit option would be an excellent idea..

Simple as adding a new payment method as Mikass has already shown through a provider like Bitpay https://bitpay.com/ who turns Btc to $ at the point of transaction (MA recieves $).. MA has already done this in the past with Neteller and Ukash and would be much bigger news than Paypal!

There is a building market of tech savy people with btc wanting more places to spend it those will have invested with risk - right up MA's street lol

Faster payment to MA with lower cost of transfer from anyone anywhere in the world.

Global publicity at your target market for free is usually considered a good thing.

Whether you agree with btc or not, there is a rapidly expanding 10$bn market out there.

http://www.bbc.co.uk/news/business-25852830

I say go for it! Lets have another MMO first.

JaKst3r

 

[DannyDZ]

I wish they will consider this soon and hope this gets implemented.

Also, i don't understand why they can't even implement the simple withdrawal process, maybe by paypal or something, like Second Life, who has a lot of many other payment processors for in/out of game. This is another factor that keeps people away of the game and also in-game for that matter. Entropia, i think it's older than Second Life and still take even humongous times of waiting for withdrawals. Takes almost instantly to deposit but 60 days(40 business days) to withdraw, not cool. This makes me to not further deposit anymore.

What happens if i have an emergency and i need the money back right away?

 

[Mikass]

I wish they will consider this soon and hope this gets implemented.

Also, i don't understand why they can't even implement the simple withdrawal process, maybe by paypal or something, like Second Life, who has a lot of many other payment processors for in/out of game. This is another factor that keeps people away of the game and also in-game for that matter. Entropia, i think it's older than Second Life and still take even humongous times of waiting for withdrawals. Takes almost instantly to deposit but 60 days(40 business days) to withdraw, not cool. This makes me to not further deposit anymore.

What happens if i have an emergency and i need the money back right away?

There is a Neteller withdrawal option that should be quick. Did anyone try that? Think Paypal was also announced as potential deposit/withdrawal option.