#No crypto

1 messages · Page 1 of 1 (latest)

pine spoke
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Hard to tell if your joking, but if not than you can read the devs stance here: #868101997172260956 message
Tldr is that they have no intention of implementing any form of crypto currency, and the name bitcraft was just a placeholder that unfortunately got swept up with the trend

fathom elbow
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This is not a crypto game!

thorn flicker
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Then how are you going to monetize the game for the players? You describe in the blog what you think about it.

thorn flicker
fathom elbow
thorn flicker
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thanks for explaining

thorn flicker
# fathom elbow This is not a crypto game!

I have read your blog. Of course, there are pros and cons. I think that there are also positive aspects of cryptocurrency. Because your game will be played more. Since you will be rewarding players for their game. Of course, we are all subject to FOMO. But there are also people who want to monetize their time in the game or invest their money in something else. In the form of a beautiful avatar, equipment, etc. Which gives nothing but beauty and which cannot be sold, etc.
Negative sides, in the form of the loss of interest of some players in bearish cycles. But if you make good tokenomics and good gameplay in the game, you can keep the players.
These are just my thoughts. I just wanted to say something. And so it is your right. Can you share my thoughts with the developer? If not hard)

fathom elbow
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Thank you for sharing your thoughts! I'll be sure to send this to the team.

chilly pasture
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how will players be rewarded with cryptos and why?, doesn't have sense

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the only way is that your computer mines cryptos while playing xD

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Other way you are not rewarding anything because you are just giving them the money other people invested so the only wealth you "create" is the one the other people invest

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and that is known here as a pyramid scheme

winged lotus
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I don’t think they will ever be rewarded with “crypto” , but a nice hat in game would be nice

chilly pasture
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so that can also be done without crypto or anything

pine spoke
# thorn flicker I have read your blog. Of course, there are pros and cons. I think that there ar...

I think the monetization of crypto is really really risky, the value of the game rides entirely on the value of crypto as a whole, crypto by nature is a fad, if people lose interest in the concept then the game immediately losses its rewards entirely.
I’m not sure how baking crypto currency into the game will effect it exactly, it’s not something I’ve tracked, but in the vast majority of cases players immediately see that the game is “a crypto based” experience and assume it’s a scam, in that sense I’m not sure there has been a truly popular game of that nature. We can actually already see this a tiny bit based off bitcrafts name alone, sone people thinking it’s a crypto scam before they even look deeper
(Sorry if my terminology is terrible, I’m not a crypto person if you couldn’t already tell)

thorn flicker
# chilly pasture and that is known here as a pyramid scheme

You are right about the ponzi scheme and it is all around us. Even the state works on this principle.
At the expense of mining, only those who are far from the crypt think so. If you work out tokenomics well, then you can build a perpetual motion machine. (I mean a stable earnings system for all players)

thorn flicker
# pine spoke I think the monetization of crypto is really really risky, the value of the game...

Now the crypt is at an early stage and this is normal. Everyone is afraid of something new and unknown.
I found your game not by name, but heard from another person. I just do research and write detailed research on various promising game projects. At the expense of terminology, everything is fine, not scary. Although I have been in the crypt for a long time, I don’t know all the terms)

chilly pasture
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and no, the pyramidal scheme is not all around us lol, people who do that end in prison, at least here

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because it creates no value at all, it's only value is the will of the people to invest in something that has not value at all, and when people realize about it and want their money back they see it's impossible because they invested in something with 0 value so they have nothing

thorn flicker
thorn flicker
chilly pasture
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ok, so people monetizing their game means some other person will have to pay, so i don't see how this can be good in a f2p game

chilly pasture
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"A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors"

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lel

thorn flicker
chilly pasture
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so they already said the game will be f2p, i don't think making it pay to play will attract people but exaclty the opposite

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project can attract investments without the need of any cryptos, and has been seen in many other projects

thorn flicker
chilly pasture
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of course you will not answer because it's an old type of scam that everyone knows about lol

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yeah, who knows the future, but currently they are just used to speculate

thorn flicker
thorn flicker
chilly pasture
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i'm not arguing anything, i posted the definition of a ponzi scheme and it has no possible argumentation around it, if you think that's good is because you want to scam people then

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just that

upper swallow
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Wow. Soo all I've gotten is that 1. some do not really understand the effects of crypto on both the community, the in-game economy, and the world at large.
2. Simply because you can, does not mean you should. Not understanding this has led to the downfall of WoW, and many other Micro-transaction hellscapes.