Cipsoft is planning to make Tibia coins part of cryptocurrency

Pippin said:
I mean, it kinda already is.

Tibia Coin is closer to being a digital currency rather than a true cryptocurrency.

To qualify as a cryptocurrency, it should rely on cryptography and also be decentralized, which is not the case here.

@Lennox
Eh, everything is made up anyway, so everything is basically the same or doesn’t matter.

Pippin said:
@Lennox
Eh, everything is made up anyway, so everything is basically the same or doesn’t matter.

Well said!

Pippin said:

Pippin said:
@Lennox
Eh, everything is made up anyway, so everything is basically the same or doesn’t matter.

[deleted]

You really need to invest all your money into worthless coins and lose it all to gain real knowledge.

A lot of games have tried this and most have failed and divided their communities. It’s not a good approach and only seems to exist to generate more profit for them.

This should be challenged strongly.

This survey is old. I remember taking it over a year ago.

I only imagine they might consider accepting certain cryptocurrencies as payments.

Casey said:
This survey is old. I remember taking it over a year ago.

I only imagine they might consider accepting certain cryptocurrencies as payments.

Yeah, it’s been happening for years. The title is misleading.

There’s no evidence they want to change TC to crypto.

Plus, it’s tough technically because TC isn’t regulated like other currencies, and Cipsoft can basically keep printing more and choose the price whenever they want.

It depends on how they want to implement it.

The term crypto does not mean much by itself.

99% of players have no idea what cryptocurrencies are or how blockchain works.

This is the same survey they did two years ago:

https://www.reddit.com/r/Rookgaard/comments/r1t86e/perhaps_it_will_be_possible_to_use_cryptocurrency/?rdt=42399

I’ll go against the trend. Feel free to downvote me.

There are no details on how they would implement blockchain in Tibia, but putting TC on a blockchain would give transparency of ownership. I don’t understand why you would spend hundreds or thousands on TC that Cipsoft could take back anytime, but get upset about the idea of linking your digital assets to ownership. This would also allow you to lend TC to other players. If you’re spending money on TC, why would you not want this? If you don’t, then it doesn’t matter.

We just saw the recent merger and how it affected ownership of homes. Imagine your home on a blockchain, and when a merger happens, you receive 50% of the winning bid.

I have no idea how blockchain would work on Tibia, but you all seem angry about the idea of putting assets on a digital ledger. It seems a bit strange. How exactly would they scam you? You’re simply trading cash for TC, which they can shut down at any time.

What are they laundering, exactly?

This thread is a strange mix of uninformed crypto talk from failed coins.

@cate

I don’t understand why you would spend hundreds or thousands on TC that Cip could take anytime

Under EU consumer laws, they can’t do that. Crypto has its problems, and blockchain isn’t a solution to anything that really exists.

@cate
A cryptocurrency managed entirely by one organization is pointless. It doesn’t give you extra protection since the organization still controls everything (just like now).

Think of cryptocurrency as just a fancy term for “a piece of paper that says you own something”. Right now, that paper is held by Cipsoft on their servers. Cryptocurrency gives you that paper in your wallet, but it’s still just a piece of paper. Its value comes from Cipsoft accepting it for things like premium accounts or items. Cipsoft still decides whether to accept it or not.

  • They can take away your “crypto Tibia coins” anytime by blocking the coins you bought, making them worthless.

  • They can drastically reduce the value of your Tibia coins anytime by just printing more (like selling 5000 coins for $5 instead of 500 for $5).

It’s the same as the house. Cipsoft controls all these choices. A “house on the blockchain” is simply a paper that says “I own house X on server Y”. Cipsoft can ignore your paper and take your house at any time, just like during the server merger. Having the paper on your computer instead of on their servers doesn’t change anything. Cipsoft still calls the shots, and crypto doesn’t protect you.

There is no added value for users in adding crypto here, only problems like opening up chances for scams and hacking, along with the usual technical issues that could make players lose their Tibia coins.

Who needs Warren Buffett’s playbook when mages control the market? Always trust a mage over a hedge fund manager, just saying this isn’t financial advice.

Looks like typical Cip BS. They did this with Steam Greenlight too, seemingly just for the fun of it.

Isn’t this just another way for Cip to get in on the market? Why sell your extra TC to resellers when they could just sell it back to Cip. They did it with the bazaar, and now I’m sure they will try to do the same with TC.

I doubt they will. This survey question has come up so many times over the years, and they still haven’t figured it out.

The first question was about whether players want to buy and sell TC for crypto. Buying TC seems odd, but selling it for crypto gives you a fair market price for TC. It makes sense.

Cove said:
Forget crypto.

What makes you say that? I’m curious about your thought process behind this comment.

Deen said:

Cove said:
Forget crypto.

What makes you say that? I’m curious about your thought process behind this comment.

Based on this.