Im not a developer, im just writing thas as potential idea:
Fonline source code has been released last year allowing anyone to create custom versions of the engine
http://fonline2238.blogspot.com/

For those unfamiliar, it is custom made sandbox MMO engine for Fallout1/2 that allows playing on one gigantic map that includes all cities and most places from both of these games. Game features very advanced crafting, mining, gathering resources, permanent Jet addiction (no cure! lol), clan wars and many more.

It would be amazing thing if somone managed to integrate in-game trade with bitcoin and relaunch the project.
Original version suffered some economical problems - everyone were hoarding cash like crazy, so getting your hands on in-game currency was awfully hard espacially for noob players. Getting your hands on advanced equipment was even harder.

The only RPG that currently allows for in-gmae bitcoin trade is rather unsuccesfull https://www.bitfantasy.com/.
Bitcoin payment system is well suited for microtransactions nessesery in MMORPGs. Will anyone pick up the challenge?

For everyone curious the gameplay there is also fonline reloaded project (http://www.fonline-reloaded.net/) that picked up maintaining servers after original creators resigned.

There was a lot of FUD about that.

See this:



This is 7 day averange of daily fees sum. Since january 2012, fees increased by level of magnitude. We have about 4 years before next reward halving. If tx fees will rise at this pace, it will compensate with no problem.

So I'd like to share some taughts... or more like doubts about keeping wealth stored in gold.

There are 3 major sources of demand for gold:
- goldsmith industry
- investitions/speculation
- electronic industry
- few other, marginal

Now imagine case of severe global economic collapse, that will force many people to spend their savings for basic needs. It can be assumed, that large amount of gold will be sold for curriences that allow buying goods and services.

Now wich of these industries is capable of absorbing large amount of gold?

I belive the answer is: Neither one.
- As luxury goods industies are drasticallly shrinking during crysis, you cant count on high jewelerry production, do you?
- Cost of gold is really small part of cost of a final electronic product, therefore you cant count that due to large gold supply increase, production of computers rises considerably.
- Only one that left is speculative/investive demand, and I dont think, that it can guarantee stable prices. Rather bubbles instead.

Of course this would be completly different if gold standard would be still in use - as it quite well guaranteed demand for gold in the same way that economy guarantees (more or less) the value of every mean of exchange. Im afraid that further or later price of gold may correct itself to value of shiny, useless metal that it has become since gold standard abondance.

Sry for english - not my native language, and not my brightest day either.

As in title, there is a certain myth that i'm hearing often:

it goes: "rise in the currency value (aka deflation) triggers hoarding"
while the truth is: "raise in the currency value triggers SPENDING"

It's repeated often by Keynesians. I'll try to bust it here and now, with my limited intellectual and linguistic resources.

1. That myth is against rule of supply and demand.

It is pretty obvious, that if something suddenly gets expensive, there will be more people willing to sell it with interest.

2. If the myth was true, then it would rise currency value straight to infinity. There was no such event in history known to me.
While there were such occurrences with consumable goods (ie during food shortages), this doesn't apply to any modern currency, as neither BTC, nor USD can be consumed - only exchanged. Theoretically gold can be consumed by creating jewelry but it can be easily recycled.

3. Market punishes hoarding for no reason.
During 2011 bitcoin bubble, the winners were guys who had bitcoins earlier - because they believed in that system, or for any other reason and exchanged them during bubble for goods, services or fiat. Every single person, who hoarded bitcoin during its peak price, either lost, or froze their funds for a very long time. This applies to every bubble.

Don't take me wrong, hoarding happens, but it is result of uncertainty, as people trying to secure their wealth in trustworthy assets - like gold just after the crisis in 2008. Or like food during war. Bitcoin is neither food nor trustworthy asset (at least not right now).

Now how do I explain 78% of coins sitting idle?
Well there was hoarding at some point - probably during times when BTC was nearly worthless. But it stopped. Because of reasons I've explained earlier. Those bitcoins will be spent bit by bit, preventing price spikes like the one in 2011.
Exactly opposite from what Keynes told ya.