Could Bitcoin go the Second Life Way?

[Bitcoinpro]

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

just like OP they where always full of sht

[1715154730]

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[Lauda]

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.

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

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 .

How about you elaborate?

Bitcoin has a wider audience than the second life gamers.

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

[CiaraB]

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.

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.

[maku]

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.

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.

[bargainbin]

The only thing those two have got in common is the word 'virtual' and that's it   A game will only ever appeal to a small minority and can never hope to be embraced by the whole world.

How is this different from Bitcoin?

Bitcoin is money.

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

And money transcends generations and is part of everyone's daily lives, how can it possibly stagnate?

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

[Amph]

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.

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

[alyssa85]

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 

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.

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...

[ObscureBean]

@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.

[pereira4]

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.

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.

[Lauda]

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.

How is this different from Bitcoin?

It is very different.

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...

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.

[bargainbin]

@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.

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?

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.

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

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.

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?

>You mean, how can BBQ coin stagnate? Clarify plz.
... Now that there are hundreds of coins, it's no longer a new thing.
BBQ coin tried to be money and failed.

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

[alani123]

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 .

How about you elaborate?

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.

[romero121]

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 

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.

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...

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.

[bargainbin]

...

How is this different from Bitcoin?

It is very different.
...

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

Andrej Brda is the real person under the Second Life avatar Wili Clip.
<snip>
He is the CEO of Second Ads, one of the most profitable companies of Second Life. He was claiming having monthly revenue of 1,600,000 lindens with expenses of only 157,000 lindens ...
In 2011 and 2012, he was paying on certain months 400,000-650,000 lindens in dividends:
...
Taking in account the usual value of the linden of about 1 usd=250 Lindens, we are talking about monthly revenue of 6400 USDs.
< wall of rage and regret omitted for readability >

[Lauda]

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

Your comments are invalid.

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.

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

Who buys BTC and "just leaves it in [their] wallet or spend[s ] it" tho? No one on this forum, that's for sure.

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

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.

Now I understand your point, thanks.