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Crypto-Currency Mining and the relevance to Eve

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Ravenssong
Yeti Galactic
Ninja Unicorns with Huge Horns
#1 - 2014-02-04 01:30:47 UTC
Hello;

I don't spend much time here. Actually I don't ever come here and I may not come back; however, an idea occurred to me tonight as I was engaged in trading crypto currency at Coinex.

There is no reason that ISK can not be mapped to a crypto currency, which would have value in the real world, and be traded on crypto currency exchanges.

If CCP has any dev who is engaged in mining crypto currency or trading it that person could be a very valuable resource to help CCP enter that market.

So roughly the idea is that CCP creates a crypto currency and premines some portion of each block rather than premining before release as is usually done. Then miners in Eve can mine some of that currency by mining ore. That currency can then be traded on the crypto coin exchanges.

This neatly binds CCP to the crypto currency exchanges (but only as much as CCP decides to venture). Then the crypto exchanges tie CCP to the actual banking system.

Suddenly miners in eve, are creating value in the real world.

That is about as simply as I know how to describe it.

Research it, think about it... Do what you will.
Jill Chastot
WE FORM BL0B Inc.
Goonswarm Federation
#2 - 2014-02-04 01:32:28 UTC
exploiting miners to make ccp moar monies?

https://forums.eveonline.com/default.aspx?g=posts&t=298596&find=unread OATHS wants you. Come to the WH "Safety in eve is the greatest fallacy you will ever encounter. Once you accept this you will truely enjoy this game."
Silvetica Dian
Imperial Shipment
Amarr Empire
#3 - 2014-02-04 01:33:13 UTC
Your idea is exactly the opposite of what players want and what would be good for the game.
The last thing anyone wants to real world outcomes from our game.
Please leave now.

Money at its root is a form of rationing. When the richest 85 people have as much wealth as the poorest 3.5 billion (50% of humanity) it is clear where the source of poverty is. http://www.theguardian.com/commentisfree/2014/jan/20/trickle-down-economics-broken-promise-richest-85
Wacktopia
Fleet-Up.com
Keep It Simple Software Group
#4 - 2014-02-04 01:35:35 UTC  |  Edited by: Wacktopia
I think there is a game going on I don't know about where people score points by posting on an MMO forum about crypto-currency.

Also, Crypto-Currency = Pyramid Scam. You're getting scammed playing effectively the worlds dumbest MMO.

Kitchen sink? Seriousy, get your ship together -  Fleet-Up.com
Ravenssong
Yeti Galactic
Ninja Unicorns with Huge Horns
#5 - 2014-02-04 01:36:28 UTC
Welp, the thing is once ISK was a true crypto-currency anyone could trade it in the virtual world. CCP would naturally want to ensure the profitability of their game and business and that is why I suggested that they reserve some portion of each block which is mined. Naturally that portion would also be variable because they would need to be able to control the Eve economy as they now do. What this idea does is actually tie ISK to real world markets.


It is not a simple idea and would take a lot of planning and thought.
Kaarous Aldurald
Black Hydra Consortium.
#6 - 2014-02-04 01:37:26 UTC
So, you're telling me you want to make Chribba the richest person on Earth?

"Verily, I have often laughed at the weaklings who thought themselves good because they had no claws."

One of ours, ten of theirs.

Best Meltdown Ever.
Natassia Krasnoo
R3D SHIFT
#7 - 2014-02-04 01:37:41 UTC
The volatility of crypto currencies makes this idea not very good. That is all.
Ravenssong
Yeti Galactic
Ninja Unicorns with Huge Horns
#8 - 2014-02-04 01:38:11 UTC
Silvetica Dian wrote:
Your idea is exactly the opposite of what players want and what would be good for the game.
The last thing anyone wants to real world outcomes from our game.
Please leave now.


Actually, I don't think you know that... You are just making assertions about an idea that you probably don't really understand. Having the arrogance to ask me to leave, simply demonstrates a lack of tolerance for the other fellow's viewpoint.
Tippia
Sunshine and Lollipops
#9 - 2014-02-04 01:40:07 UTC
Ravenssong wrote:
There is no reason that ISK can not be mapped to a crypto currency, which would have value in the real world, and be traded on crypto currency exchanges.
…aside from the whole RMT and money farming angle, both of which would be pretty horrid.
Ravenssong
Yeti Galactic
Ninja Unicorns with Huge Horns
#10 - 2014-02-04 01:41:18 UTC
Natassia Krasnoo wrote:
The volatility of crypto currencies makes this idea not very good. That is all.


Hey it is about opinions. I understand your concerns but I believe CCP could insulate itself from that issue by any number of mechanisms. THe idea is worthy of consideration at the least.
Natassia Krasnoo
R3D SHIFT
#11 - 2014-02-04 01:42:10 UTC
Tippia wrote:
Ravenssong wrote:
There is no reason that ISK can not be mapped to a crypto currency, which would have value in the real world, and be traded on crypto currency exchanges.
…aside from the whole RMT and money farming angle, both of which would be pretty horrid.



Indeed, you think EVE had a problem with bots before? Run with this idea and CCP wouldn't be able to ban them fast enough.
Ravenssong
Yeti Galactic
Ninja Unicorns with Huge Horns
#12 - 2014-02-04 01:45:52 UTC
Tippia wrote:
Ravenssong wrote:
There is no reason that ISK can not be mapped to a crypto currency, which would have value in the real world, and be traded on crypto currency exchanges.
…aside from the whole RMT and money farming angle, both of which would be pretty horrid.


That is true. Just as we had a problem years ago with mining bots and off line selling of PLEX, that would create an opening for exploitation which the devs would need to manage.... It would also create an opportunity for CCP to include new features into the game. Trading features which we do not have because we only have commodities exchanges right now. This could be used to give us access to currency exchanges. I dunno maybe they do the whole idea in game. That would protect CCP and the Eve community and people could still trade currencies.

You should actually THINK about your complaints before you make them.
Wacktopia
Fleet-Up.com
Keep It Simple Software Group
#13 - 2014-02-04 01:46:29 UTC
Ravenssong wrote:
Natassia Krasnoo wrote:
The volatility of crypto currencies makes this idea not very good. That is all.


Hey it is about opinions. I understand your concerns but I believe CCP could insulate itself from that issue by any number of mechanisms. THe idea is worthy of consideration at the least.


What mechanisms?...

What mechanism insulates CCP from a currency that can change in effective exchange rate by 1000's of percent overnight?

Why is it worthy of consideration? What is lacking in the current system that cyrpo-currency will fulfil?

Kitchen sink? Seriousy, get your ship together -  Fleet-Up.com
Ravenssong
Yeti Galactic
Ninja Unicorns with Huge Horns
#14 - 2014-02-04 01:50:46 UTC
Wacktopia wrote:
Ravenssong wrote:
Natassia Krasnoo wrote:
The volatility of crypto currencies makes this idea not very good. That is all.


Hey it is about opinions. I understand your concerns but I believe CCP could insulate itself from that issue by any number of mechanisms. THe idea is worthy of consideration at the least.


What mechanisms?...

What mechanism insulates CCP from a currency that can change in effective exchange rate by 1000's of percent overnight?

Why is it worthy of consideration? What is lacking in the current system that cyrpo-currency will fulfil?


Currency exchanges. Do the races all trade in a universal currency? REALLY? Somehow that is not realistic.

Ok, so the argument I have heard is how do we protect CCP from exploitation and volitality...

ANSWER: CCP keeps it ALL in game. You create wealth in various systems in the currency of that system, or realm, or however CCP decides to define it.

You can then trade that currency on an Eve wide exchange. You can speculate within Eve on the various curriencies of EVE.

Ok so I have told you how to protect CCP, how to add a new feature to the game that some people would enjoy and profit from...

Nobody looses.
ISD Ezwal
ISD Community Communications Liaisons
ISD Alliance
#15 - 2014-02-04 01:52:46 UTC
As there is already are several thread on (virtually) the same topic, this one gets a lock.

The rules:
16. Redundant and re-posted threads will be locked.

As a courtesy to other forum users, please search to see if there is a thread already open on the topic you wish to discuss. If so, please place your comments there instead. Multiple threads on the same subject clutter up the forums needlessly, causing good feedback and ideas to be lost. Please keep discussions regarding a topic to a single thread.

ISD Ezwal Community Communication Liaisons (CCLs)
CCP Eterne
C C P
C C P Alliance
#16 - 2014-02-05 10:49:30 UTC
Unlocking this, as the most recent thread about such a topic is several weeks old and doesn't seem to be asking what the poster here is asking.

EVE Online/DUST 514 Community Representative ※ EVE Illuminati ※ Fiction Adept

@CCP_Eterne ※ @EVE_LiveEvents
Kagura Nikon
Native Freshfood
Minmatar Republic
#17 - 2014-02-05 11:00:46 UTC
Wacktopia wrote:
I think there is a game going on I don't know about where people score points by posting on an MMO forum about crypto-currency.

Also, Crypto-Currency = Pyramid Scam. You're getting scammed playing effectively the worlds dumbest MMO.



And it is completely ilegal is a LOT of countries, meanign CCP would need to stop offering eve on those countries and loose the subscribers from these.

"If brute force does not solve your problem....  then you are  surely not using enough!"
Angelica Dreamstar
Aliastra
Gallente Federation
#18 - 2014-02-05 11:29:49 UTC
Anybody notice that this guy starts the thread with the same Hello; like that other guy in the making isk thread?

bingo, his pig not being a goat doesn't make the pig wrong, just him an idiot for shouting at his pig "WHY ARENT YOU A GOAT!" (Source)

-- Ralph King-Griffin, about deranged people playing EVE ONLINE
Hevymetal
POT Corp
#19 - 2014-02-05 12:48:48 UTC
Bitcoin for PLEX and GTC already exist, problem solved.
Aiwha
School of Applied Knowledge
Caldari State
#20 - 2014-02-05 14:47:54 UTC
Our pretend currency is more stable than every cryptocurrency in existence.

Sanity is fun leaving the body.
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