Topic: The Role of BTC in the metaverse? - page 2. (Read 594 times)
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.
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.
Still even if it had any role, but for that people have to buy BTC/ETH/USDT first with the fiat currency.
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?
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.
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.. 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?
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.
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?
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.
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. 
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?
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
In the sense that "metaverse" is the imaginary hypothetical part of the virtual internet, you are right bitcoin has little role in that part, useless tokens reside in fairyland. In real world on the other hand bitcoin is dominating.
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.
Op, could you clarify what you're referring to as Metaverse. Do you mean this concept that Wikipedia outlines as an expansion of technologies, basically? Some might think it can be about Meta (which is also sort of referring to Metaverse) in a sense of the new Facebook company's name. I can see that there's been interestingly very recent articles (a few hours ago) which tend to also refer to both, as well as add Blockchain and cryptos to it.
I think that the answer to the question of the role of BTC heavily depends on what we put into the sense of metaverse, and who's building it. If it's Facebook, they'll surely seeLirbaDiem as central to its economy, not Bitcoin. If we're talking about the general notion, Bitcoin may well be a part of it.
I think that the answer to the question of the role of BTC heavily depends on what we put into the sense of metaverse, and who's building it. If it's Facebook, they'll surely see
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?
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?
Again, governments would not support the use of crypto in the metaverse technology but they would have no option in the end. Bitcoin will be the king of crypto however we may have many more and more metaverse coins in the coming future. I think Facebook is yet to launch its won meta verse coin soon.
This is a real danger as Facebook controls so much already. It would feel a bit odd if a private company like Facebook is the one in the end that controls the world's currency movements with their own currency. Facebook is powerful and rich, so the question will be whether policymakers are going to interfere with Facebook's plans.
https://www.youtube.com/watch?v=gElfIo6uw4g
In that video Zuckerberg says that privacy and safety will be built into Metaverse from day one, but to be honest how much do we even trust Facebook by now? There is one whistleblower after another talking about how ruthless Facebook really is and how they exploit private data, even reading our messages all day long on all platforms. Facebook, WhatsApp, Insta etc.
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?
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?
Again, governments would not support the use of crypto in the metaverse technology but they would have no option in the end. Bitcoin will be the king of crypto however we may have many more and more metaverse coins in the coming future. I think Facebook is yet to launch its won meta verse coin soon.
The good news (for you), metaverse is merely a concept and can't be realized with today's technology.
so dragons tale was not a thing?
http://www.dragons.tl/games.php
i said back in 2013-14ish that dragons tale could have been expanded into not just gambling using sats but actually let users add more content like uploading images of products they sell which can be seen ingame and users can buy them and message delivery location.(3D ebay)
it is possible and graphic render detail has moved on since the days of dragon tale.
Unless developers can solve the fees and transaction speed, then I can't see Bitcoin being used in a metaverse (assuming that we have the tech to do this with the current state of Bitcoin).
the obvious route..facebook acts as custodian. like exchange deposits. then you make micropayments within your custodian account offchain.
heck, knowing the plan some devs have. maybe even users can become the exchange 'hubs'
yes it wont be a 'all onchain' thing, because then how will facebook take their cut. facebook dont work for free
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