I have a question/idea, I'm not sure where to post. Hopefully it's okay here.

Since this is a game, and not simply an exchange, would it be possible, perhaps at some point in the future, to add an option within the game to directly buy ckg/xmr through the game? I mean it probably wouldn't require KYC and all that stuff. Entropia Universe is an example of what I'm talking about. Their game currency is pegged to real currency, and you can exchange it for euros/USD whenever you want, but it's a game, so I don't think the rules are so tight.

I imagine if someone finds the game and they're interested, they'd be much more willing to pay if there was an easy option, rather than having to fill out forms and forms, waiting for days, and then having to exchange fiat to bitcoin then to xmr and finally sending it to the game.

It's great to want to end poverty and all, but I'm really confused about this idea. I really don't see it working, either with fiat or with bitcoin.

I have some questions if you wouldn't mind explaining. Maybe I just didn't think this through as well as you, seeing as you've spent a decade or more on this idea while I've just read it now.

1. Who will provide the funds? Or does $10,000 suddenly appear out of thin air everytime someone is born?

2. How will it accrue compound interest? Compound interest isn't magic that simply happens. It's the result of the work being done with the funds. A dollar under the mattress won't turn to 2 no matter how long you wait. Where will you find the demand for such a huge amount of investment, and who will manage it?

3. Assuming that this happens, how much will 1 million even be worth? Will it be worth anything?

Those are the little problems. But I really don't think the basis for your assumptions are correct.

I'm no historian, but I believe that most wars are initiated by the rich and powerful, rather than the poor and weak. Imagine you're a really poor farmer in some rural place. You don't know whether you'll be able to put food on the table for your children tomorrow. Are you going to try to organize some sort of a revolt, and plan a war, or are you going to try to find a way to feed your children?

I don't think that giving so much money to people will reduce unrest. Rather, I think it'll increase unrest. If million at a point in the future, when a good amount of people have this fund is still a significant amount like it is now, how many people do you think will try to scam these people of their money?

Sure, you say they have to go pick it up themselves, but what happens after they pick it up? Or what if someone scams them by convincing them to take out a loan from this fund when they're 20? People who have been scammed are more likely to scam others. Perhaps they'll commit suicide or do something violent and let out his rage to the world. I can't imagine the world would be a peaceful place if this happened.

But let's assume that human beings are all good people and won't scam others. Even so, such a plan wouldn't be able to eliminate poverty. Just google lottery winner stories and you'll see just how many lottery winners go from tens of millions to nothing in just a few years. Simply giving someone 1 million doesn't guarantee that they'll have a good life. Chances are, a good number of people will lose it all in a short amount of time, even if no one scams them. And then they'll either blame the world, or be addicted to a luxurious lifestyle, either way creating more unrest to society.

You ask what is the price of peace, and I can only tell you that I don't think it's money. I can imagine this possibly working in a world of true abundance, where we have huge, eco-friendly vertical farms that are completely automated that are able to feed virtually any arbitrary number of people. Where we can build buildings thousands of meters tall, creating enough living space for an arbitrary number of people. Where if the Earth's resources is not enough, we can live on Mars, the Moon, or even outside of our solar system, and mine asteroids.

In short, only when we can create enough REAL value to match the money, will it succeed to any degree. I'm optimistic that this will happen in the future.

After reading pages and pages, and googling with different key words, I still can't find WHERE to sign up or play the game.

This kind of basic info really should be easier to find.

Yeah, I think "freedom" is good, but there has to be a limit. I don't agree with funding terrorism or dealing drugs, though many crypo-enthusiasts seem to think that people should have unlimited freedom to do whatever they want, which is unfortunate.

yeah, it's definitely possible to balance a game.

Check out Entropia Universe for an example of how it might work. I think Entropia is a bit before its time, but I think it's a really good idea. It's also kind of decentralized, in that you can buy "land deeds" allowing you to own land in the game and charge a tax on people who play on that part of the land, like decentralized ownership of the game. There are also different planets, which are almost different "games" in the universe, but you can travel between them. There also are people (or at least were, when it was somewhat popular) who earned enough money for a living (though not a very luxurious one) by playing the game. Quite fascinating, in my opinion, and I really think that this format is the future of VR gaming.

Convincing current MMOs to change to bitcoin is rather difficult, because their games are not designed based on a real currency in the game. Rather, I'm hoping that new game developers who have an interest in bitcoin can develop new hit MMOs, or the big bitcoin investors will invest in these games, to make their own bitcoin stash more valuable. I really think that this is much more effective in promoting bitcoin than the nth exchange, or the xth bitcoindice, or even convincing giants like amazon to accept bitcoin.

This is exactly the answer I concluded with. Just look at games like clash of clans, candy crush, etc. They're not even good games yet millions of people use them, and they earn millions per day in revenue, per game. If that all became bitcoin transactions, we could see adoption spreading into other places as well.


However, simply adding a pay with bitcoin option doesn't do anything. Why should people use bitcoin instead of normal fiat? The fact is, the steps required to actually get a bitcoin is very inconvenient and annoying. I'm not talking about 0.00001 bitcoins from faucets, if you actually want a decent amount that can pay for things, you'll need to exchange it somehow, and there really isn't a really convenient way to do that yet.

What we need, is a huge incentive for people to use bitcoin instead of fiat. And the best incentive I can think of is accepting bitcoin exclusively.

This would work really well, I think, with MMORPGs that replace their virtual currencies with bitcoins. We already have the Entropia Universe, which is a real world currency based game. It has been around for quite a while now, showing that this method is somewhat sustainable, to say the least.

Personally, as technology becomes more advanced and VR and gaming become more and more realistc, I believe real world economy based games are the future. Adding bitcoins to this could potentially speed up adoption for both bitcoins and real economy gaming.

I am new, but I assure you I am a real new member who is planning to stick around for the rest of the bitcoin ride

My address: 1D5JBVEWrAaeWL87pwzdtTmCt3BHSuwqm9

Question: If I get accepted, could I use one of the signatures with a link, despite the fact that I'm still a newbie?

In 3 pages, not a single person answered the question in the title. Even if wealth is relative and money isn't everything and all that, I think we can still give a straight forward answer that actually attempts to answer the question, however outrageous and wrong it may be.

I'll start:

If bitcoin really is the "next big thing" after the internet, my guess is within 5-10 years, we'll have:

Tier 1:
100-200 people at 100M+

Tier 2:
1000-2000 people at 10M-100M

Tier 3:
5000-20000 people at 1M-10M

This is their wealth GAINED purely from crypto related projects, like companies, coins and whatever else. So if Bill Gates bought 5M worth of bitcoins and it grew to 6M, he's tier 3. If Warren Buffet then bought 100M worth of bitcoins and it dropped to 50M, he wouldn't be in any of those tiers.

Also, my values are based on the present purchasing power of USD in America.

How many bitcoins are required to reach that level? Well, there are currently 106 addresses with 10,000 bitcoins or more, and another 1445 with 1,000 or more. Assuming Satoshi has 300k-1M coins (lower and upperbound estimates I've read here), even if all of those are in the richest addresses, he would take up the top 11 addresses. Then there are people like the winklevii, Roger Ver, etc. I doubt they'd use 100,000 addresses, 1 for each bitcoin. So chances are, a good number of the 1,000+ addresses are theirs.

Of course, a lot of people can also earn a lot of money from crypto businesses/alt coins without owning a lot of bitcoins themselves.

My guess is that potentially everyone with over 5000 bitcoins may be in tier 1, those with more than 500 will at least be in tier 2, and you may become a millionaire if you buy 50 bitcoins today.



Extremely optimistic? Probably, but hey, why not?

I don't think simply accepting bitcoins will raise its price, no matter which company does it. People wouldn't bother switching to bitcoin just because it can be used. The way for bitcoins to increase in usage and price is if there are many valuable services that EXCLUSIVELY use bitcoin, or at least offer a huge advantage to bitcoin users.