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[Payment Option] Bitcoins. Yes. Bitcoins
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Jasmine Jensen
Sebiestor Tribe
Minmatar Republic
#1 - 2013-08-31 09:59:07 UTC
Greetings everyone!

Since you opened up this little thread of mine you no doubt are interested in the lovely phenominon that is BITCOINS!

Do you not know what a bitcoin is? Read a little, you already play EVE Online so you're obviously used to reading a lot. Anyways, what I would like to suggest to the team at CCP is that CCP opens up a bitcoin wallet and allows us to be able to buy gametime with Bitcoins.

Multiple gaming services have already set bitcoins as a valid payment method (I of course am mentioning the wonderful Humble Indie Bundle. Bitcoins are becoming ever more popular as an online trading currency that is linked to the USD in terms of value. The value of a bitcoin is ever changing much like any other currency that's used as legal tender (albeit much more dramatic now since it's only less than a decade old if I remember correctly.

I personally would love to be able to use bitcoins as my primary method of buying things on the internet because the system is safe, completely open source and transparent, secure, as well as kind of fun. It doesn't require that I share my credit card information over the internet and allows me to buy things without the hassle or worry of putting funds in a paypal wallet, then to move it to Steam, or into CCP Fozzie's next paycheque. (BTW Fozzie you're welcome for feeding your family with my money).

This post will likely be ignored. A quick search of the forums showed that a thread like this hasn't been started (at least from the first page of returns. And we all know that if it's not on the first page it doesn't exist.)

And with that, I leave you to discuss the contents of this thread starter.

Also since I'm starting this at 6AM it's probably going to get buried well before US Prime so I'm only going to get replies from the late night crowd and anyone in Europe who is checking up the forums at work.

<3 Love you all.
Arya Regnar
Darwins Right Hand
#2 - 2013-08-31 10:25:25 UTC
I'm okay with this but bitcoins might pose some government and federal issues for CCP because of the nature of unknown wallet holders.

Also bitcoin value isn't as stable so the price would probably be a bit higher and it would have to be corrected on a daily basis or so.

Just my 2 bitcents.

EvE-Mail me if you need anything.
Tarn Kugisa
Kugisa Dynamics
#3 - 2013-08-31 11:05:25 UTC
you could run a miner and rat for your sub at the same time
+1

it should be set on a more stable currency, like USD or GBP, then converted using some special math

Be polite. Be efficient. Have a plan to troll everyone you meet - KuroVolt
Arya Regnar
Darwins Right Hand
#4 - 2013-08-31 11:23:50 UTC
Tarn Kugisa wrote:
you could run a miner and rat for your sub at the same time
+1

it should be set on a more stable currency, like USD or GBP, then converted using some special math

I guess CCP could convert back to a more stable currency right after they get BTC.

EvE-Mail me if you need anything.
Dr0000 Maulerant
Union Nanide and Tooling
#5 - 2013-08-31 13:34:01 UTC
Fueling two or three addictions with the same currency?!

+1

Tell me again about how every playstyle you dont engage in "doesn't require any effort" and everyone who does it needs to die in a fire. Be sure to mention about how you tried it once but it was too easy/boring/ethnic-homophobic slur. 
Mallak Azaria
Caldari Provisions
Caldari State
#6 - 2013-08-31 14:07:29 UTC
Say no to buttcoins.

This post was lovingly crafted by a member of the Goonwaffe Posting Cabal, proud member of the popular gay hookup site somethingawful.com, Spelling Bee, Grammar Gestapo & #1 Official Gevlon Goblin Fanclub member.
Jasmine Jensen
Sebiestor Tribe
Minmatar Republic
#7 - 2013-09-03 12:57:04 UTC
Arya Regnar wrote:
I'm okay with this but bitcoins might pose some government and federal issues for CCP because of the nature of unknown wallet holders.

Also bitcoin value isn't as stable so the price would probably be a bit higher and it would have to be corrected on a daily basis or so.

Just my 2 bitcents.


Yes I considered this. Paying in a currency that's 'unstable', or at the least bit fluctuating on a daily basis is quite something to put forward.

Although, the value of Bitcoins and the actual value that they trade at is different.

If you take a look at the supposed market price on blockchain.info, and put that against BTC/USD on btc-e.com, you'll see that btc-e.com trades bitcoins about 20$ lower than the market price on blockchain.

So, as long as the cost of a plex or game time is relatively close to the exchange rate within reason, it's pretty viable. CCP just needs to make sure they have their market guy also keeping an eye on the bitcoin market so that they sell their bitcoins even higher than they got them for.

I mean, they'll make even more profit charging bitcoins as long as they're smart. Sell a plex for 0.18BTC, then sell the BTC for USD at a rate of 150$/1BTC will actually get them more money than if the player just payed with Paypal or credit card.

Honestly the only reason why I bring this up is because Paypal is being a pain in the arse.
Jasmine Jensen
Sebiestor Tribe
Minmatar Republic
#8 - 2013-09-03 12:58:47 UTC
Tarn Kugisa wrote:
you could run a miner and rat for your sub at the same time
+1

it should be set on a more stable currency, like USD or GBP, then converted using some special math


Bitcoins is tied to the value of the USD, and is always traded in terms of such.

One BTC is worth about 145$ USD right now if I remember correctly. BTC doesn't stand on it's own in terms of value.

It's value is also going up. I made I think about 50$ even when I wasn't mining because the price jumped up the past few days.
Dr0000 Maulerant
Union Nanide and Tooling
#9 - 2013-09-03 15:36:00 UTC
The other issue is the alarming rate at which bitcoin exchanges are "hacked"

Tell me again about how every playstyle you dont engage in "doesn't require any effort" and everyone who does it needs to die in a fire. Be sure to mention about how you tried it once but it was too easy/boring/ethnic-homophobic slur. 
Elizabeth Aideron
The Scope
Gallente Federation
#10 - 2013-09-03 15:46:20 UTC
Mallak Azaria wrote:
Say no to buttcoins.
Dr0000 Maulerant
Union Nanide and Tooling
#11 - 2013-09-03 17:27:10 UTC
Elizabeth Aideron wrote:
Mallak Azaria wrote:
Say no to buttcoins.



You guys have buttcoins? I imagine goonswarm financial smelling just awful.

Tell me again about how every playstyle you dont engage in "doesn't require any effort" and everyone who does it needs to die in a fire. Be sure to mention about how you tried it once but it was too easy/boring/ethnic-homophobic slur. 
Alundil
Rolled Out
#12 - 2013-09-04 02:58:02 UTC
Mallak Azaria wrote:
Say no to buttcoins.


That's not a wallet you know

I'm right behind you
RubyPorto
RubysRhymes
#13 - 2013-09-04 05:41:19 UTC
Alundil wrote:
Mallak Azaria wrote:
Say no to buttcoins.


That's not a wallet you know



Sure it is.



Anyway, why would CCP want to take tickets to a Ponzi scheme in exchange for Game time services?

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Jasmine Jensen
Sebiestor Tribe
Minmatar Republic
#14 - 2013-09-08 18:07:38 UTC
RubyPorto wrote:
Alundil wrote:
Mallak Azaria wrote:
Say no to buttcoins.


That's not a wallet you know



Sure it is.



Anyway, why would CCP want to take tickets to a Ponzi scheme in exchange for Game time services?


I hear that a lot from sceptics, and I assure you that it is not a ponzi scheme. Nobody has complete control over bitcoin, it's decentralized a term that you might recognize.

One person, if they suddenly delete bitcoin from the face of the earth, will not profit in any way. Coins are generated by mining, not by people buying them. Bitcoin is a placeholder for an online (crypto) currency, not an investment opportunity, although many people invest in bitcoin in order to turn a profit. And if you bought or mined bitcoins before early April this year, you'll have tens of thousands of dollars in bitcoin ready to be sold.

Bitcoin is as it is: An alternative currency controlled by the block chain. The currency itself is viotile in the day to day, but will always be strong as long as people continue mining. If everyone but a few people stop mining, then the value of the currency will just drop, and everyone who had bitcoins before would see their wallet values drop, similar to Germany 1920-1935.

But those people who stay will be able to mine significantly more bitcoin than if people stayed, and once people come back to mine bitcoin, and the value goes up from interest, those people will be immensely wealthy.

TLDR Bitcoin isn't a ponzi scheme, and you're silly.
Jasmine Jensen
Sebiestor Tribe
Minmatar Republic
#15 - 2013-09-08 18:10:10 UTC
Dr0000 Maulerant wrote:
The other issue is the alarming rate at which bitcoin exchanges are "hacked"


The system is almost completely secure, and there have been only 2 instances where bitcoin exchanges were "hacked", so you are misinformed.

Double Spending is an issue that was fixed a while ago, and really is no longer an issue.

Exchanging bitcoins is one of the most secure ways of transferring currency because every transaction is verified by the network.
ShahFluffers
Ice Fire Warriors
#16 - 2013-09-08 18:11:52 UTC
Sergeant Acht Scultz
School of Applied Knowledge
Caldari State
#17 - 2013-09-08 18:12:55 UTC
I love the smell and sound of true money, yes I'm a lover of old way where gold was the reference. Since then you have a bunch of technocrats signing crap papers worth of nothing but virtual money to keep growing debt.

No Bitcoins for me sry.

removed inappropriate ASCII art signature - CCP Eterne
RubyPorto
RubysRhymes
#18 - 2013-09-08 18:50:46 UTC
Jasmine Jensen wrote:
I hear that a lot from sceptics, and I assure you that it is not a ponzi scheme. Nobody has complete control over bitcoin, it's decentralized a term that you might recognize.

One person, if they suddenly delete bitcoin from the face of the earth, will not profit in any way. Coins are generated by mining, not by people buying them. Bitcoin is a placeholder for an online (crypto) currency, not an investment opportunity, although many people invest in bitcoin in order to turn a profit. And if you bought or mined bitcoins before early April this year, you'll have tens of thousands of dollars in bitcoin ready to be sold.

The first couple people in "on the ground floor" have hoards of bitcoins because of the ease by which the initial mining generated them. The "value" of the coin is entirely dependent on them not dumping their hoards to cash out.

Quote:
Bitcoin is as it is: An alternative currency controlled by the block chain. The currency itself is viotile in the day to day, but will always be strong as long as people continue mining. If everyone but a few people stop mining, then the value of the currency will just drop, and everyone who had bitcoins before would see their wallet values drop, similar to Germany 1920-1935.


You're claiming that the value of bitcoins rests on their continued inflation? That's a hell of a claim.

Quote:
But those people who stay will be able to mine significantly more bitcoin than if people stayed, and once people come back to mine bitcoin, and the value goes up from interest, those people will be immensely wealthy.

TLDR Bitcoin isn't a ponzi scheme, and you're silly.


Fine, pyramid or airplane scheme.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Dr0000 Maulerant
Union Nanide and Tooling
#19 - 2013-09-08 19:19:44 UTC
Look, I'm not saying all bitcoin hacks are because of technical errors. The vast majority are due to stupidity and greed. When you make currency crypto-digital, and don't have the risk mitigating practices of a large bank there will be losses from attacks, scams, and exchanges doing really dumb things.

Whether or not you think it's a ponzi scheme or any other type of unstable does not matter, since CCP can accept it as payment without ever holding stake in the currency itself. Anchor it to the euro and have an exchange perform the B to € before sending plex.

Tell me again about how every playstyle you dont engage in "doesn't require any effort" and everyone who does it needs to die in a fire. Be sure to mention about how you tried it once but it was too easy/boring/ethnic-homophobic slur. 
DrysonBennington
Eagle's Talon's
#20 - 2013-09-08 21:17:21 UTC
Bitcoins sound like an underworld form of currency that can be exploited for the amount of information that is collected through their use.

Information that can then be sold to third parties such as hackers who could then use the information of where the Bitcoin has traveled to launch worldwide Internet attacks similar to Sky Net.

If the government regulates Bitcoin use then sure but not unless the digital currency is regulated by a higher institution that could be tracked and controlled by Federal Regulatory Agencies.

Bitcoins are the currency of the hacker.
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