The Role of BTC in the metaverse?

[Rehan Zakir]

I think this is a good idea. Metaverse coins are trending now a days. Gaming is a very big industry. So, metaverse projects are working in gaming industry. And their best thing is that these projects are play to earn games. So, when we play games we earn money in game by buying tools. and use these tools power in game.

[temple]

Depends on what people in the metaverse want to do. Most of them would surely pick coins and tokens that are fast and seamless in transfers, and bitcoin wouldn't really fit the bill. Though it can be used as a governance token, but only to some extent.

Personally I'm not really buzzed about the metaverse being a reality. It's just a word that they're using to attract a lot of people into whatever tech they are developing. We are headed for digitization of most things anyway, so no matter what they call the future, it'll happen anyway.

I would agree with you for now, but there is a lot of research already being conducted about stimulating mirror neuron reactions and many other things.

Concerning what has been said about Facebook and its role for building a/the metaverse, would the US government even allow for Facebook to become so powerful that they will be able to use their own currency Diem? I know it is long ago, but when companies are too powerful the US has proven in the past that they would be willing to break up corporations. When we talk about Facebook or Amazon, they have become so huge isn't it more likely that the government puts a stop to that? The idea that Facebook might one day be able to manipulate peoples' neural reactions is quite weird. They do already to a certain degree, but what then if we are talking serious neural manipulation? That rather sounds like if it was likely to end in a disaster one day.

I do think though that Bitcoin's role could be somewhat limited due to the speed of transactions. Who knows whether it can be efficiently scaled once the Metaverse - whatever that is supposed to be in the future - becomes a real thing.

[mk4]

Metaverse is a metaphor for something in future. To be honest, for now I can not imagine exactly what Metaverse will be in next years. Projects say about it a lot but I believe even they can not know what their Metaverse ecosystem will look like and how it will operate.

They are only imagine about it and their plans can be done or failed. Their imagination can be something untrue and unrealistic. Metaverse projects are hot now because of hype. To be realistic, it is not safe to invest in Metaverse projects if they are created by unknown teams. Hot Metaverse projects now can be only on paper, no code behind and they only have attractive, fantasy graphics to steal money from greed investors.

I don't think people would be creating a new hype word that broadly just means something futuristic. What most people actually mean with "metaverse" is interconnected everything(DeFi <-> GameFi) by the crypto peeps, or the VR stuff by Facebook/Meta.

[Amejoaquim]

Bitcoin is the digital rail for value storage and transfer. The “metaverse” will only be successful with integration of this digital hard money. We will see many shitcoins lauded as the future of the metaverse, but it is just another grift.

[FatFork]

Although the Metaverse is still a relatively new concept with great potential, but blockchain and cryptocurrencies will have to play a major role in his future implementation. In order for the Metaverse to function properly, we need decentralized computing, encryption, and security. These are issues that we'll have to solve with new technologies like blockchain and cryptocurrency. All things considered, I believe that virtual reality or augmented reality and blockchain technology will come together to create a new innovative way of socializing and interacting with each other. The last pieces of the puzzle will fall into place in the near future.

[WalrusTusk]

I’m honestly wondering why people are waiting for the “meta verse” when there’s about 100 products/games out there right now that are similar to that. Why wait for the metaverse to come out when you could play something similar today or soon?

[ItsEzMkay]

I have been thinking about this for sometimes.

If the metaverse becomes a reality, what will be the significant roles of crypto in its economy?

If crypto such as bitcoin, Mana, Sand are used as means of transaction in the metaverse what will be the reaction of the government?

Although it is true these metaverse coins will have their own ecosystem of sorts, where do you think the funding comes from? They will have to buy either Ether or Bitcoin first, then transfer that to that native token. I know USD and USDT are on ramps as well, but USDT is Bitcoin converted aka still Bitcoin and we don't know where that USD came from either. Point I'm trying to make here is that Bitcoin plays as the reserve currency in the economy, ergo it will always have a role.

[Obito]

I’m honestly wondering why people are waiting for the “meta verse” when there’s about 100 products/games out there right now that are similar to that. Why wait for the metaverse to come out when you could play something similar today or soon?

That's because the one that they're waiting for is for them the best for them especially since there's a big name backing the Metaverse, they believe that it could be another money maker that's going to make some of them a millionaire possibly. Plus, those 100 games are  possibly not for them or probably the games and their respective economies are short lived.

[JohnBitCo]

I have been thinking about this for sometimes.

If the metaverse becomes a reality, what will be the significant roles of crypto in its economy?

If crypto such as bitcoin, Mana, Sand are used as means of transaction in the metaverse what will be the reaction of the government?

Do you think that SAND and MANA and all these Meta Verse cryptocurrencies will be of any worth when Facebook will launch its own meta verse ecosystem?
I think people are mistaken here who think that the real Facebook metaverse will include the current metaverse products.

[Ucy]

Will probably be as useful as Bitcoin/crypto is on typical Internet... Fiat will likely be favored by governments for controlled Metaverse. I think true cryptocurrency will thrive on well decentralized Metaverse.

[Ararbermas]

I have been thinking about this for sometimes.

If the metaverse becomes a reality, what will be the significant roles of crypto in its economy?

If crypto such as bitcoin, Mana, Sand are used as means of transaction in the metaverse what will be the reaction of the government?

well the reaction will be still the same especially thus very against with bitcoin until now.. But they cannot stop it because a lot of people sees bitcoin as a future money.. Infact even popular platform including facebook has a good views when it comes bitcoin. So its a majority to be honest and government should accept the fact..

[pawanjain]

I have been thinking about this for sometimes.

If the metaverse becomes a reality, what will be the significant roles of crypto in its economy?

If crypto such as bitcoin, Mana, Sand are used as means of transaction in the metaverse what will be the reaction of the government?

I personally think that the Metaverse does not belong to one entity and so no government would have the ability to control it as well.
Every entity in the Metaverse will be an owner of it's own. Just like how the crypto community has many projects which are the owners of themselves.
They will have their own blockchain and their own coins. Similarly, the Metaverse will operate on it's own as it becomes more wide stream.
It will have projects launching and coins for every store, game, products, services etc...
There will be some coins like BTC and ETH which might be widely adopted throughout the Metaverse. That would itself be a great achievement in itself.

[cryptobuyclub]

Even we can't imagine the role of crypto coins in Metaverse.
Still even if it had any role, but for that people have to buy BTC/ETH/USDT first with the fiat currency.

[seoincorporation]

I don't think Bitcoin will not play a role in the metaverse, but blockchain will. In the Metaverse people will be able to buy things, and those transactions will be done with blockchain tech.

[hatshepsut93]

We don't know if metaverse will even exist. So far is has been nothing more than some very vague hype coming from Facebook and NFT fans. Even it will exist, it might be a total failure. And even if not, it's unclear what exactly it would be - just a social network in VR or something more?

With so many unknown variables, it's pointless to theorize about Bitcoin's role in it.

[OgNasty]

I have been thinking about this for sometimes.

If the metaverse becomes a reality, what will be the significant roles of crypto in its economy?

If crypto such as bitcoin, Mana, Sand are used as means of transaction in the metaverse what will be the reaction of the government?

Bitcoin's main use case for about 4 years now has been an easy way to trade altcoins.  Sadly, this is what has become of it.  The Lightning network is a poor substitute for Bitcoin in my opinion, but it could be the technology needed for Bitcoin to have a metaverse presence as well as a way to trade NFTs with much cheaper fees than some of the more popular networks.  The problem is that development tools and hubs of communication are few and far between, along with the toxic Bitcoin maximalist attitude that Bitcoin will retain it's first mover advantage forever even if nobody is using anymore.  Hopefully time will weed out the toxic attitude, as massive altcoin outperformance of Bitcoin hasn't.  Honestly, I think if it wasn't for Tesla and MicroStrategy I think the ETH/BTC flippening would be much closer than it is to happening, and am concerned that a handful of entities is really all that is stopping this phenomenon currently as every new entrant in the crypto space I've met in the last 4 years has a much larger altcoin portfolio than exposure to Bitcoin (if any at all). 

https://www.blockchaincenter.net/flippening/

[tabas]

The first thing that I've thought of if this becomes the reality, is they'll tell the people that don't be associated with Metaverse and don't do transactions in the form of bitcoin. They'll promote that they have their own legal tender/fiat and that's what people must keep on living for.
That's what I've noticed when there's some developments that are in the progress of becoming known, the first thing they do is to criticize it which I think is fair and normal if they're the government.

[sheenshane]

I dont know what is their role to each other but I guess they had a big correlation to each other. 
When it becomes Metaverse becomes bloom, for sure Bitcoin will grow so they had a strong correlation because there's an influence of Bitcoin over Metaverse that could create hype.

But it depends on the circumstances that may occur about the law, such as news that could be exploded and the crypto events which is possible of adoptions for sure Bitcoin price will react.

[Iq45]

Bitcoin play role in transfer the information of physical to digital.

[jaberwock]

I dont know what is their role to each other but I guess they had a big correlation to each other. 
When it becomes Metaverse becomes bloom, for sure Bitcoin will grow so they had a strong correlation because there's an influence of Bitcoin over Metaverse that could create hype.

The word Metaverse is a fully realized digital world. There will be a lot of things that you would be able to do on the metaverse, like buying an estate, but it is going to be a digital estate and not an estate that exists in the real world. There are some of the cryptocurrencies that would allow you to be able to buy a real estate, and you would be able to buy these digital estate using the coins, and if those platforms should stop existing in the metaverse, you would lose the estate.

As for Bitcoin, since Bitcoin can be used for transaction, I believe that it’s function in the metaverse would also be for transaction. We would be able to do a Bitcoin transaction in the metaverse that would reflect in the real world.