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Thread: Mindark bank

  1. #1

    Mindark bank

    This is maybe old news but i havent see it on forum before

    https://venturebeat.com/2009/03/18/m...-central-bank/

  2. #2
    Yep, that's old news. There were a lot of features we were supposed to get with MA being a bank, but somewhere along the line it fizzled out. It looks like DeepToken was some sort of second attempt.

  3. #3
    Chaotic Good
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    Quote Originally Posted by Captain Jack View Post
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    Yep, that's old news. There were a lot of features we were supposed to get with MA being a bank, but somewhere along the line it fizzled out.
    RL events put that on indefinite hold.

    https://www.historyextra.com/period/...-facts-causes/

    And it will happen again.....


    Good job we aren't going cashless in UK isnt it?

  4. #4
    Additional reading....

    DeepToken introduced...
    https://www.entropiauniverse.com/bul...in-Project.xml

    Bank Plans... "Following the successful token sale, and development and implementation of the IPX, MindArk's next phase will involve the creation of the MindArk Bank, a financial services institution fully licensed by the Swedish banking authorities"
    Source: https://www.prnewswire.com/news-rele...676924653.html

    DeepToken canned...
    https://www.entropiauniverse.com/bul...nouncement.xml

  5. #5
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    I wish they would figure something out to work with paypal.

    Am done trying to find a card that will work with the game after multiple attempts.
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  6. #6
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    I still don't understand why MA does not accept Bitcoin dep/wd.

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    Quote Originally Posted by xxPriestxx View Post
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    I still don't understand why MA does not accept Bitcoin dep/wd.
    This is actually common knowledge, google the question and you get plenty of articles about the why/why not. It's a huge can of worms, or in business terms a risk which needs to be managed at a cost which the customers will have to bear. Unless and until these costs fall in line with managing the risk of traditional currency fluctuations, it is unlikely to happen. For our little niche in all this, we're already happy the young leadership grew out of its wildest ideas that came in the baggage and seems to drive a sound strategy now. We live in times though with growing potential for circumstances changing, so one never knows, but the aforementioned condition applies.
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  8. #8
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    Quote Originally Posted by xxPriestxx View Post
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    I still don't understand why MA does not accept Bitcoin dep/wd.
    Probably because it is far too unstable. What rate would you have bitcoin to ped? If bitcoin skyrocketed and people withdrew, MA would go bankrupt. From a business point of view, it is highly risky. US Dollar to ped is stable and low-ish risk.

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  9. #9
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    The game hasn't been developed in years, there is no reason for a bank.
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  10. #10
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    Quote Originally Posted by xxPriestxx View Post
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    I still don't understand why MA does not accept Bitcoin dep/wd.
    They wouldn't directly. They would potentially do it through a 3rd party that converts automatically to cash to give to them. Problem here would be fees like paypal, which would be passed on to you. I would imagine they can't and is certainly too volatile for them to hold it on their end.

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