Could Bitcoin go the Second Life Way?

[alyssa85]

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

The 3D virtual world Second Life, launched in 2003, was heralded as the ultimate development in virtual reality. It had a cult-like following and had stratospheric growth during the initial years, before stagnating. Could Bitcoin be headed in a similar direction?

[--Encrypted--]

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.

[Lauda]

And two years later, Bitcoin comes along. What is the difference really like?

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.

[Kprawn]

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 > 

[The Sceptical Chymist]

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.

[chek2fire]

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

[Wendigo]

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 The author of the article said Second Life was meant to be a social platform and now it was superseded by Facebook which I don't agree with because they are 2 completely different things.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?

[calkob]

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..... 

[Gunthar]

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.

[CiaraB]

< The only difference... The Central banks manipulate this, by printing more of less of a currency to retain it's value > 

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.

[Hazir]

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.

[blunderer]

And two years later, Bitcoin comes along. What is the difference really like?

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.

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.

[MFahad]

And two years later, Bitcoin comes along. What is the difference really like?

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.

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.

[Junko]

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.

[blunderer]

...
Bitcoin is digital and cannot be compared to Second life.

Second Life being analog, Mohamed?

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

[LiteCoinGuy]

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.

comparing a game currency with bitcoin is pointless.

[Gunthar]

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!

[blunderer]

... comparing a game currency with bitcoin is pointless.

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

[alyssa85]

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.

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...?

[Gunthar]

The currency used in Second Life only had value because of the network of people using it, once that disappeared the value declined.

Second Life only had value because of the network of people using it.

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...