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Author Topic: Altcoin use in Online gaming section?  (Read 202 times)
Heartseed (OP)
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June 06, 2018, 12:55:13 PM
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Well, we are all aware that altcoin is commonly used in financial things and investment and other things but is it possible to use altcoin in gaming? Will it affect the game itself? what do you say? Will be a positive or negative effect? or is it even allowed for crypto currencies to go in Online games? i would like to know your opinions about this.
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Shova
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June 06, 2018, 01:01:34 PM
 #2

Tokens as such are always been used in online gaming. Whether they be chips like in casino or coins, points, score, life, health, strength and other factors.
Now with blockchain we can make them independent of the original game and make them cross platform/cross product supported.
There are games that support direct deposit of popular cryptocoins while some require you to covert them first to specific token.
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June 06, 2018, 03:55:58 PM
 #3

Well, we are all aware that altcoin is commonly used in financial things and investment and other things but is it possible to use altcoin in gaming? Will it affect the game itself? what do you say? Will be a positive or negative effect? or is it even allowed for crypto currencies to go in Online games? i would like to know your opinions about this.

    I thought they're using this already and it's pretty sure that it gives positive impact to cryptocurrency, since this is also a place for marketing, so it helps a lot to all coins to grow up and pushing the market into green, if there is an ICO wants to develop this thought as project, I think it will be supported by everybody .
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June 06, 2018, 04:10:54 PM
 #4

Already there are projects that develop games with their own cryptocurrency economy, one such, for example Forever Has Fallen. I think that the tokenization of the gaming industry will actively develop
Noobaru
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June 06, 2018, 05:15:45 PM
 #5

I think it is a great idea, but it will be hard to realize it. Someone will have to come up with truly revolutionary platform. We have seen what is going on with Refereum. what I would like to see? Well, I played a lot of MMOs over the past years and it would be nice to see that you could buy cosmetics with crypto perhaps. There could be a marketplace embedded in the game as well as auction house where those who are putting their time into the game, would sell items to those who don't have time, but have money. It is easy as that and it just mihgt work. Diablo III tried that with their real money auction house, but failed. Crypto could solve those issues that the game had.

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ummart66
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June 06, 2018, 05:22:00 PM
 #6

There are actually a ton of unheard of cryptos that are targeting video games. Some such as Nox are trying to help crowdfund for games to be developed. Others are aiming to become a cross-game currency, and some are trying to become actual digital items within games that can be transferred across games. Those are just some examples of what I know are out there.

Unfortunately, and in my opinion, these are not really great uses for cryptocurrencies, since using good ol' fiat is just so much easier for these uses. Every video game currency quotes that video games has a gigantic market and if they tap into even 1% of it that every coin holder will become rich, but in reality most of these coins are going to fail, because really how many currencies do you need for video games, and I assume most of these coins will be ignored by 'whales' and 'wallstreet money'.

They are neat ideas, and I hope to be proven wrong, but I just feel these are kind of just cryptocurrencies for the sake of being a crypto, instead of adding anything really useful to this area.

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June 06, 2018, 05:26:05 PM
 #7

has been a long time since altcoin got into the gaming industry and it is not surprising that there is a new altcoin that will bring online games as exchange materials ,a positive effect that can boost demand

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June 06, 2018, 05:27:54 PM
 #8

it is very interesting if crypto is used in the gaming industry and will make famous crypto around the world. the need for crypto will increase and price will increase very big
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June 06, 2018, 05:29:31 PM
 #9

I doubt there are any worthy games accepting altcoins. There were talks about that in already in 2014, I remember Quark coin claiming to be listed as a payment method in “Shaq Fu: The Legend Reborn” for in-game purchases (Shaquille O'Neal is not a stranger for loads of people in the world). This did not impact the price of Quarks at all. Actually I do not see any point in implementing cryptocurrencies other than BTC or ETH, the user base is still very small.
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June 06, 2018, 05:34:54 PM
 #10

 Top 3 Cryptocurrency Altcoins and Tokens for Gaming in 2018 ... for game developers to build Massively Multiplayer Online (MMO), turn-based, ... In simple English, while blockchains can be used to create games that need ...
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June 06, 2018, 09:57:58 PM
 #11

Well, we are all aware that altcoin is commonly used in financial things and investment and other things but is it possible to use altcoin in gaming? Will it affect the game itself? what do you say? Will be a positive or negative effect? or is it even allowed for crypto currencies to go in Online games? i would like to know your opinions about this.

Even before the cryptocurrencies became a trend most online gaming sites were already using a token, they have developed their own token but is intended for their site only where people can sell to co-player, purchase items especially weapons for their character. I remember way back few years ago I earned a lot of tokens from an online game site which able players to withdraw those token into Paypal dollars, the difference compared to crypto token is that crypto is DECENTRALIZED while those gaming tokens.

I highly believed it has a positive effect, huge change and people will adopt and love crypto in gaming sites, there are lots of ICO projects dealing with gaming sites just like Pokersports who just recently ended and already distributed their tokens rewards from bounty.
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June 06, 2018, 10:35:08 PM
 #12

There are plenty of gaming-related coins on the market. For instance, Asura Coin (https://asuracoin.io) is made specifically for eSports. That will include eSports betting, match making and streams.

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June 06, 2018, 10:49:03 PM
 #13

Well, we are all aware that altcoin is commonly used in financial things and investment and other things but is it possible to use altcoin in gaming? Will it affect the game itself? what do you say? Will be a positive or negative effect? or is it even allowed for crypto currencies to go in Online games? i would like to know your opinions about this.
Yes it is, there is a coin that has used in gaming platform. Playkey, Nexium and many more. They are all can be used in the gaming platfrom. The crypto payment will give the easy payment gateway.
it will be a positive impact in my opinion. Nexium platform has already listed on the team and you cna try to see that.

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June 06, 2018, 11:22:51 PM
 #14

There are already blockchain projects that targets the gaming industry already like The Abyss Platform, which I think has a very good proposal to earn the platforms token for gamers and game developers. The only problem here is that will it be supported by gamers them selves, as established mainstream platforms like Steam is very hard to beat as they have a wide variety of games that appeal many gamers.
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June 06, 2018, 11:25:45 PM
 #15

I think you are pretty new here...

There are almost hundreds of online casino that supports multiple altcoin along with bitcoin and there is even decentralized gambling platform like vdice which completely run on ethereum based smart contract so ETH is main coin to be used there without any third party intervention.

I also prefer to use ETH for gambling for faster confirmation if casino where I am playing supports ETH.
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June 06, 2018, 11:27:54 PM
 #16

Well, we are all aware that altcoin is commonly used in financial things and investment and other things but is it possible to use altcoin in gaming? Will it affect the game itself? what do you say? Will be a positive or negative effect? or is it even allowed for crypto currencies to go in Online games? i would like to know your opinions about this.

I don't know if I got your questions, but as far as gaming is concern or online gaming gaming, alt coins are also accepted besides bitcoin so its been practice for many years as well and for sure that I don't see any negative effects on it. ETH or Litecoin or Doge even Monero or ADA is now universally accepted. We all know that bitcoin withdrawals takes hours to get into our wallet and that alt coins that I mentioned is very quick so it makes sense for most online gaming to accept it and gamblers to used them as well.

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June 06, 2018, 11:29:33 PM
 #17

Well a lot of gambling sites or gaming sites are using altcoins as their form of capital, and yeah its more on online casinos since cryptocurrency is not fully accepted in some countries. It can affect the price yes but of course gambling has always positive and negative effect in our life its just depend on how you work for it.
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June 06, 2018, 11:34:35 PM
 #18

Well, we are all aware that altcoin is commonly used in financial things and investment and other things but is it possible to use altcoin in gaming? Will it affect the game itself? what do you say? Will be a positive or negative effect? or is it even allowed for crypto currencies to go in Online games? i would like to know your opinions about this.
Actually many in online game is using altcoin in different ways for example they use the token to purchase the weapon that needs of a player. If you research you can find that their so many online games now that connected to crypto.

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June 07, 2018, 12:25:44 AM
 #19

 if I understand right I've heard about that particular Gambler using your bitcoin wallet and it would be more comfortable
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June 07, 2018, 12:46:16 AM
 #20

has been a long time since altcoin got into the gaming industry and it is not surprising that there is a new altcoin that will bring online games as exchange materials ,a positive effect that can boost demand
If so many cryptocurrency use in gaming field then its not boosting the demand anymore because its not surprising again like what you say above. Something that will boost the demand only thing which not been exist and its like new field for cypto. So it can boost the demand.
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