rayfloyd
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April 23, 2014, 08:11:36 PM |
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1. Buy 50$ CVS gift card on gyft.com with bitcoins 2. Use giftcard on LoL 3. 4. Profit!!
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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April 23, 2014, 11:18:20 PM |
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1. Buy 50$ CVS gift card on gyft.com with bitcoins 2. Use giftcard on LoL 3. 4. Profit!! Step: 1) Buy bitcoins 2) Use them in LoL. Much easier.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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Light
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April 24, 2014, 05:39:09 AM |
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Step: 1) Buy RP with daddy's CC
2) Use them in LoL. Much easier.
FTFY. Realistically, from a Bitcoiner's perspective I can see why you'd want merchant acceptance - but from Riot's view I can't see a reason at all to accept Bitcoin transactions.
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thresher
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April 24, 2014, 12:31:09 PM |
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They are to busy trying to create new overpowered champs to please their expanding community of child trolls that believe they will become professional players.
I'd start with getting streamers to only accept bitcoin as a donation. Players listen to streamers, players bitch at riot, riot creates a bitcoin skin for whoever is op at the moment, we all profit.
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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April 24, 2014, 12:34:59 PM |
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Step: 1) Buy RP with daddy's CC
2) Use them in LoL. Much easier.
FTFY. Realistically, from a Bitcoiner's perspective I can see why you'd want merchant acceptance - but from Riot's view I can't see a reason at all to accept Bitcoin transactions. Why use bitcoin on overstock when you can use a CC then?
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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April 24, 2014, 12:38:44 PM |
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The entire QQ currency situation that went down with their parent company is why.. Riot.. Tenacnat attempted to make their own monopolized digital currency... China didn't take to kindly to that.
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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April 24, 2014, 12:40:23 PM |
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They do not accepting Bitcoin because players there not requesting it to be added. So not worth the trouble to accept Bitcoin for now. For child it is easier to buy the RP card than buy Bitcoin...
INNCORRECT, so very wrong. Did you go on the LOL forums in dec? They were filled with requests to accept BTC.. all posted locked and closed very quickly. I'm telling you they are still bitter their QQ currency got shutdown.
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rext
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June 22, 2014, 04:17:36 AM |
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I could see China going rage mode on the QQ currency, since they are making life more difficult for them
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URSAY
Legendary
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Activity: 1946
Merit: 1000
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June 22, 2014, 04:26:06 AM |
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Are you aware of leaguecoin ? http://leaguecoin.co
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zimmah
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Activity: 1106
Merit: 1005
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June 22, 2014, 11:29:31 AM |
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transaction fe's and satoshi dust means the minimum spend is 6c with 5c fee..
many sites want the ability to do micro transactions where people can buy add-ons and bullets for fractions of pennies.
but Luke JR has totally caused the micro transaction market to not work
why would any site accept a 25c transaction with a 5c fee (20%) this is why zynga is not adopting bitcoin right now, even after alot of their devs have been trying it out...
did you know bitcoin was designed to allow microtransactions in the first place? I bet you haven't read the whitepaper.
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zimmah
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Activity: 1106
Merit: 1005
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June 22, 2014, 11:33:20 AM |
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Anyone know? It seems that anyone wanting to further the interests of Bitcoin would be pushing HARD for Riot to accept BTC. If you don't know - Riot run League of Legends. It's by far the biggest game in the world, see here: See it has 3 million individual users every month compared with about 600k playing the top 100 PC games on Steam. They make their money by selling RP (Riot Points) that players use to buy character upgrades. People spends small fortunes on this crap. Look on e-bay, there are accounts for sale with literally hundreds of skins which equates to hundreds of $. Now it's mainly kids that play this game, I guess lots of them take money from Daddy's credit card to buy this stuff, but surely this is a prime example of where Bitcoin (internet cash) could be king? Put yourself in a 15 year old's position - you have no credit card so can't pay for RP with Paypal or Moneybookers, however you do have some cash and could buy some Bitcoin. Send to Riot, get the RP, everyone's happy. Riot games must turn over millions of $ selling these skins, if 25% of that was Bitcoin it would be a big boost to the whole Bitcoin ecosystem. Riots marketing strategy is to what makes their game so successful, mainly by elimination most, if not all competition in parts of the gaming industry. They aggressively try to force contracts to gaming organizations and events making them drop the competitions games in the event, or making esports organizations drop teams from other games in order to receive a lot of money from riot games. It's a pretty successful marketing strategy regardless of what people think about it. This however is not possible with bitcoin because of the lack of a central authority over bitcoin they could force a contract upon to not engage in business activities with the competition. That said, Bitcoin doesn't fit into their marketing strategy at all. I wouldn't be surprised if companies competing with them would start accepting bitcoin in the not too distant future tho Ye, like they can force VISA and MasterCard to not engage in business with competitors. What does their business model have to do with anything?
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spazzdla
Legendary
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Activity: 1722
Merit: 1000
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June 22, 2014, 12:44:57 PM |
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Their parent company attempted a scam with this QQ thing... China.. did not take it well... They are still licking their wounds and any mention of the world digital currency sends them running in fear.
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thecoindoctor
Newbie
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Activity: 48
Merit: 0
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June 22, 2014, 12:49:18 PM |
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Anyone know? It seems that anyone wanting to further the interests of Bitcoin would be pushing HARD for Riot to accept BTC. If you don't know - Riot run League of Legends. It's by far the biggest game in the world, see here: http://cdn.visualnews.com/wp-content/uploads/2012/10/RiotGames_LoL_InfoGraphic-visualnews.jpgSee it has 3 million individual users every month compared with about 600k playing the top 100 PC games on Steam. They make their money by selling RP (Riot Points) that players use to buy character upgrades. People spends small fortunes on this crap. Look on e-bay, there are accounts for sale with literally hundreds of skins which equates to hundreds of $. Now it's mainly kids that play this game, I guess lots of them take money from Daddy's credit card to buy this stuff, but surely this is a prime example of where Bitcoin (internet cash) could be king? Put yourself in a 15 year old's position - you have no credit card so can't pay for RP with Paypal or Moneybookers, however you do have some cash and could buy some Bitcoin. Send to Riot, get the RP, everyone's happy. Riot games must turn over millions of $ selling these skins, if 25% of that was Bitcoin it would be a big boost to the whole Bitcoin ecosystem. I wish they did
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rext
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June 22, 2014, 06:37:19 PM |
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they will eventually
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URSAY
Legendary
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Activity: 1946
Merit: 1000
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June 29, 2014, 08:55:10 PM Last edit: June 30, 2014, 12:44:13 AM by URSAY |
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Add friends in game... LeagueCoinTipBot LeagueCoinShop Skins and tipping already available. And then there's ggwp.co to look forward to. https://bitcointalk.org/index.php?topic=622801.0
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BEECoinfan
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June 30, 2014, 06:56:43 AM |
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Can't wait for ggwp.co to come online... Also once battle bot is fully implemented and available all on all servers we can hit a much larger demographic!
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Marlo Stanfield
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June 30, 2014, 11:49:48 AM |
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Rito will accept bitcoin as soon as they understand that there is enough demand to justify them implementing it as a payment method.
Considering how many people there are in lol there has to be a lot of those users who also use bitcoin. Especially considering the demographic.
Rito is a company like any other and they will attempt to do whatever is in their best interest.
Rito plz.
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phillipsjk
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Activity: 1008
Merit: 1001
Let the chips fall where they may.
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June 30, 2014, 12:58:08 PM |
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did you know bitcoin was designed to allow microtransactions in the first place?
I bet you haven't read the whitepaper.
I have read the white paper. While Bitcoin can handle micro-transactions (meaning less than $1 or so) better than the competition, it is still not really designed for them. Every transaction must be broadcast and stored by every node. The common stat thrown around is that Bitcoin can handle about 7tps with the current block-limit. Dogecoin has a larger block-chain than Bitcoin; due to a tipping culture using lots of micro-transactions.
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James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE 0A2F B3DE 81FF 7B9D 5160
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kokojie
Legendary
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Activity: 1806
Merit: 1003
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June 30, 2014, 02:44:40 PM |
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Step: 1) Buy RP with daddy's CC
2) Use them in LoL. Much easier.
FTFY. Realistically, from a Bitcoiner's perspective I can see why you'd want merchant acceptance - but from Riot's view I can't see a reason at all to accept Bitcoin transactions. Well I'll give them a reason then, I'm a platinum player in LoL, but I've never bought RP, since it's not a pay to win game, there's no reason to buy, RP is only for buying skins. Everything else in the game can be obtained for free. Plus, I try to keep my credit card usage online to a minimum, to minimize the risk of information leak, especially since gaming companies doesn't have the greatest track record of not being hacked. But if Riot start accepting Bitcoins, I pledge to buy at least 1 BTC worth of RP.
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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allthingsluxury
Legendary
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Activity: 1540
Merit: 1029
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June 30, 2014, 03:06:31 PM |
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As with most businesses. I am sure they will eventually come around.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog
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