Bitcoin Forum

http://cointelegraph.com/news/could-bitcoin-go-the-second-life-way

comparing a limited digital currency that have real use to an unlimited game currency that can be made by just sitting or doing some useless stuff in game? that's rich.

If I understood the meaning behind this, indirectly the person has said that Bitcoin is no different than Second Life. Comparing Bitcoin to a virtual world does not make sense. Seems like this CEO missed out on Bitcoin as well.

Bitcoin has been around since 2009 and it's just in it's infant stage now... The currency used in Second Life only had value because of the network of people using it, once that disappeared the value declined.

Bitcoin is not fake money generated from thin air... Everyone knows only 21 000 000 coins will be generated and that gives it value. If nobody wants Bitcoins, it's value will decline... the same goes for any other

currency, like Yuan / Zim Dollars...  < The only difference... The Central banks manipulate this, by printing more of less of a currency to retain it's value >  ::)

Anyone remember Flooz?  Bitcoin reminded me of it when I first heard of btc, but they're totally different.   The p2p thing and a number of other features make crypto different than anything that came before.

I am very sure that Cointelegraph will be in the second life way soon.

I have played both Second Life and Entropia Universe. These massively multiplayer games with in-game economy pegged to the dollar are not meant to be played by everyone. They cater to a niche group of people who like to literally spend more money on their virtual self than on their real self. Also there are designers that create stuff for players to buy in the game for real cash. I have seen shops that have profited thousands of dollars. The author of the article said Second Life was meant to be a social platform and now it was superseded by Facebook which I don't agree with because they are 2 completely different things. Bitcoin is a crypto coin, Bitcoin is positioned in the niche crypto currency, Bitcoin has currently no alternative. Then why the heck should it go the Second Life way?

Why even ask this question the two have nothing in common? 

one is a decentralized consensus network that allows a new type of payment system and a form of digital money and is also the most prominent triple entry bookkeeping system in existence.   

And the other was a game.....  ???

Linden Dollars are a centralized token which value is controlled and manipulated by Linden Lab. They stated it in a blog some years ago saying the control over the LindeX Exchange is to prevent money laundry and/or speculation against USD. Basically a token. Recently Linden Lab closed the door to third party vendors (like VorWox) making it even more centralized. Really i dont see anything like Bitcoin here.

What happens when bitcoin hits the deflation period? The price of bitcoin compared to the economy goes up so people stop spending. What then? I've thought of this for a while but was just reminded by this.

Comparing Bitcoin to Second Life is mildly speaking - silly idea. These two things has very little in common and represents totally different inventions.
I guess the idea behind this article is that we could now have a list of every failed project in history of digital development and can compare every single fiasco project to Bitcoin-  which is idiotic imo.

Man, no one understands how cool and totally special our bitcoin is.
Just ignore the h80rz, Lauda.

OTOH, hard to see much difference between buying bitcoins with real money, & buying Lindens.
Other than Second Life community having been around a bit longer & not currently tearing itself to pieces, that is.

I'm sure Lindens are the next remittance craze, here's a good place to start: https://community.secondlife.com/t5/English-Knowledge-Base/Buying-and-selling-Linden-dollars/ta-p/700107
*Haven't actually read that, but seems like a good place to start...
P.S. If you're a Linden enthusiast like I know I am, consider just buying and HODLING your Lindens.

yes ,it the point is  Bitcoin is no different than Second Life, then that not true.
Bitcoin is digital and cannot be compared to Second life.

Yes, as most above have pretty much explained, it's like comparing apples to oranges. Actually more like comparing apples to automobiles. Practically two different things.

Second Life being analog, Mohamed?

@Junko: No, the comparison's fine, you just don't get it.

comparing a game currency with bitcoin is pointless.

If they only would use Bitcoin "inworld" instead of L$...i have thought about it a lot of times and i did read about a project on the opensourced OpenSim (basically a reverse enginered version of Second Life) about using Bitcoins for the game. That would be really interesting! Did you know there are merchants making thousands of dollars per day in Second Life? Definitely i think using Bitcoin woudl be a blast there!

Why? What should Linden Labs do to increase the value of Lindens?
Why not set up some Linden/Litecoin exchanges in Second Life? Do game mechanics allow for something like that? (never played)
Some serious possibilities here, Wild West 2.0 :)

That's the point though - Second Life only had value because of the network of people using it. Bitcoin only has value because of the network of people using it. And if the network moves on to the next big thing...?

Why do you guys use past tense tho? L$ "has" value atm. I'm an enthusiastic resident there and i can withdraw a decent weekly amount of USD from there. Surely more than some useless faucets. Am i missing days when L$ rate was 1000USD? I dont think so...been there since 2007...

The similarities between Bitcoin and Second Life Linden dollars end in them being a digital currency. Bitcoin hasn't even hit the mainstream yet to get obsolete and they are talking about Second Life losing its charm getting outdated losing popularity comparing it to Facebook lol etc. Second Life does a fine job for its targeted audience of gamers and Bitcoin brings value to online trading for merchants and users so why the need to compare 2 things from entire different industries?

Arguably, neither did Second Life.
Sure, Second Life was more popular once, but Bitcoin used to be $1200 & the media <3d it...

Tell us more - do you think there is a bigger L$ economy than a BTC economy?

no i dont think bitcoin can be exist or going to second life way,we know that even on our reality bitcoin not easy to accepted,its will have more effort,but lets hope that in second life way bitcoin have better place.

VR is ripe for way, way more development. It's ludicrous to think something that emerged so long ago is going to retain an edge. In terms of money people just want something that works and continues working. Whether Bitcoin is the one is yet to be decided.

I remember Second life and how it was so innovative for it's time but it did get boring after a while.
Even it's currency system was lack luster. Linden Dollars weren't really worth much but people found a way to convert them into bitcoin  :D

Yes because the development of Second life also stagnated, bitcoin and the blockchain on the other hand still has a lot in of developments going on.

Don't say that Second Life is dead. With VR device coming to market in the next 12 month, Second life may become a lot hotter ...
Have you play the Second Life game, gee, that is some very hot experience.

Op clearly does not understand bitcoin. Maybe he should go back to the newbie section for a few months to get a grip on bitcoin. As a matter of fact. we should have a bitcoin knowledge test that people must pass in order to get out a newbie section.
Now thats a great idea! pats self on back.

The first time I played Second Like, that was 10 years ago, I was lost in the game, some guy coming from sky, ask do you want to see stripper show?
I think the quality of 3d rendering is not impressive, have not login since.

The only thing those two have got in common is the word 'virtual' and that's it  :D A game will only ever appeal to a small minority and can never hope to be embraced by the whole world. Bitcoin is money. And money transcends generations and is part of everyone's daily lives, how can it possibly stagnate?

Not sure why these two where compared in the first place (I guess, cointelegraph writer just needed to make an article badly). The failure of Second Life is entirely on their lack of development on the right path (even with initial success) and less demand growth at it used to be but BTCitcoin on the other hand, it get's developed from time to time into something better and it has great demand (in which is growing). So my answer would be a big "NO".

First of all there should be no question of Bitcoin's second life.
I am sure bitcoin will crash its glory if it is somewhat implemented.

Guess what, satisfy yourself with what was given to you in first place.

Lindens are useless, stop playing around else you might get burned.

Have you even read anything in the thread? I don't think that you did.

I think that this is a common misconception. What I would label as 'virtual' are in-game 'currencies' or tokens that have no use outside of their environment. Bitcoin on the other hand is a digital crypto-currency.

Whether you believe into bitcoin or not, it being unused is always a possibility so don't cross that out. It's not like this has never happened before in the world of fintech .

Linden Dollars should not be pegged to the US Dollar, but rather to Bitcoin. The US Dollar will soon be worthless at the rate at which it is being printed. Bitcoin has a capped supply and will increase in value over time. It is also perfectly suited to enable micro payments within a virtual life scenario.

Once other multiplayer online games catch on to this, the scene will change dramatically. ^smile^

Bitcoin has a wider audience than the second life gamers. If Bitcoin was just a gaming currency as well then it would be limited to that genre of gamers and enthusiasts. I believe bitcoin has many more functions and fans in different walks of life so it cannot be compared really.

I havent even found any online game where they give away free coin

this should give u an idea how full of sht OP really is

on virwox linden already = bitcoin so...it already did ?

just like OP they where always full of sht


http://www.gifbin.com/bin/012010/1264091579_kirk_rofl.gif

You're being too hyperbolic when it comes to the dollar. You will have a lot of problems if it crashes, we all will.

How about you elaborate?

That is debatable. I wonder what the initial number of second life players was.

I think that's a terrible idea. Unless you're a bitcoin fanboy you'd be stuck as a newbie forever. If you mention one concern you have about bitcoin here you're either berated or ignored even when you produce valid points.

People with the concerns are the ones that will push bitcoin to the next level, not the ones pretending certain problems don't exist.

The idea is interesting and I like the concept very much. Just don't make it mandatory to take this quiz. But I feel like this should be done.
We need some kind of knowledge test on bitcointalk It would be awesome see if you are bitcoin noob, or advanced user.

How is this different from Bitcoin?
That's certainly up for debate. If Bitcoin is money, so is BBQ coin, and SexCoin, and hundreds (thousands?) of other "moneys."
You mean, how can BBQ coin stagnate? Clarify plz.

aren't miners doing the same useless stuff each day by solving blocks? can you argue that it's more useful to waste time following some machines that do some random math only to fill your pocket, versus earning on a game that work kinda the same?

no you can not because it's the same shit

What new development has taken place in BTC in the last three years? It's taking years just to increase the blocksize a tiny little bit...

@bargainbin:

How is this different from Bitcoin?


In a number of ways I would imagine. First off, a game requires you to basically work, or if you prefer play, you have things to do that take up time. There is nothing for you to do or maintain after you've acquired your Bitcoins, you can leave it in your wallet or spend it when you please. Then there is the fact that Second Life is primarily a game and Linden Dollar was designed to be used within its virtual world and not in the real world like Bitcoin. No game can ever be universally appealing simply because a game is based on what a small group of people (devs etc) think is cool/nice. Bitcoin on the other hand is 'neutral'. It isn't an end in itself, instead you use it to acquire stuff that's nice to you as opposed to a game that is nice to its creators but not necessarily to you.


That's certainly up for debate. If Bitcoin is money, so is BBQ coin, and SexCoin, and hundreds (thousands?) of other "moneys."


Of course. I'm a simple guy, I use the term 'money' to refer to anything that was designed to be used in a similar manner to paper money. I really can't be bothered with convoluted definitions and nit picking.
I can use regular paper money to buy stuff, I can use Bitcoin to buy stuff. They both have the exact same purpose, they're both money. Done.
BBQ, Sexcoin etc? Money. Perhaps not as successful but money nonetheless.



You mean, how can BBQ coin stagnate? Clarify plz.


That coins or anything else try to be money by design doesn't automatically mean that they will succeed. Money has been around since before computers were invented and as a matter of fact there would be no computers without money. Money works. Regardless of what people think. If money didn't work, nothing else would be working. It's next to impossible to get people to change/shift, especially when there is nothing wrong with their current ways. Bitcoin caught the attention of people simply because it was the first of its kind. Now that there are hundreds of coins, it's no longer a new thing.
BBQ coin tried to be money and failed.

All these people are clueless with their little analogies. It's like when people delude themselves into thinking Bitcoin "is just Myspace, we just have to wait and we'll get to buy cheap Facebook shares". I mean the level of stupidity surrounding Bitcoin is amazing. So many people hoping for a Bitcoin 2.0 because they can't accept Bitcoin already won, and instead of buying while it's still cheap, they are too greedy and just want to keep hoping for a new crypto that will replace it.
I guess not everyone can win.

Nicely said. That is the deal when people come claiming that X coin has a chance of coming close/overtaking Bitcoin. People let themselves be led by greed.

It is very different.


Not sure whether just uninformed or trying to troll. The block size limit has nothing to do with the vast amount of development that occurred. The latest development would be libsecp256k1 which replaced OpenSSL for ECDSA operations.

Who buys BTC and "just leaves it in [their] wallet or spend[s ] it" tho? No one on this forum, that's for sure. Bitcoin is just as much of a MMORPG as Second Life.
People pump Bitcoin, trade it, create "Bitcoin Foundations" and "Bitcoin 'Businesses,'" which they go on to IPO in /bitcoin securities/ section, etc., etc.
people (like Lauda) even spam the shit out of this forum "earn" BTC with signature ads (does Second Life have something like "grinding"?).

Buying BTC to spend on [legal] goods and cervices is mostly a myth, why would anyone (other than Rube Goldberg) do such a hilariously contrived thing?

Unless by "real world" you mean DNM, I'm a bit lost as to what you're driving at here.

So bitcoin is "universally appealing" (as opposed to "No game can ever be universally appealing")?
Would it shock you to learn that there are actual IRL people who find it as appealing as surprise buttsecs?


Well there you go, that's what can happen to Bitcoin :)

Fintech (as in financial technology), has produced many ideas that seemed to have some sort of potential only for them to die out. Even before the term fintech started being used, many seemingly innovative technologies never caught on or just flopped shortly after their release. One could argue that bitcoin wouldn't go bellow it's current use levels as it's a decentralized currency and the economy it has developed is supposedly robust and organic. However, in a market as free as this one, seeing other alternatives receive more adoption in terms of use isn't something unlikely. And if there's anything that kills a cryptocurrency, it's lack of use.

If you ask the same with a miner, you could have got the detailed description. Block size is the overview of the growing technology. If you go in depth you'll find what we were at the base and how we have improved.

Totes unlike every Bitcoin "business" ever on /bitcoin securities/

Your comments are invalid.

Block size limit is a parameter. I'm certain that you have no idea how to explain 'how we improved' either.

Just because you don't know such people, that does not mean that they don't exist.

Now I understand your point, thanks.