GTL: Gamers and the World of Cryptocurrency
By Twin Galaxies Editorial Staff ·
With cryptocurrency taking the world by storm, and new forms of games like CryptoKitties and CryptoEmoji being created, big name publishers are stepping forward with new ideas for this new frontier. But what does this mean for the average gamer?
On this episode of Game Talk Live, Mandie Roman talks with panellists about cryptocurrency and the way it’s changing the landscape of the gaming industry. Joining her in the discussion is Randy Saaf, CEO and Co-Founder of game studio Lucid Sight, Benny Giang, a Co-Founder of CryptoKitties, and Bryce Case, Jr., better known as YTCracker.
Cryptocurrencies are all the rage right now, but how has it begun to affect the gaming industry? The panellists discuss the early stages of cryptocurrency and how it came to be so popular. The panellists then discuss comparisons between cryptocurrency and standard software, and how it has grown over the years.
The discussion then shifts to the various different kinds of cryptocurrency, and why people might be interested in investing into it. The panel discusses what exactly happens with the creation of a cryptocurrency and how and why someone might do so. Furthermore, discussion covers the dangers of cryptocurrency, and how the current economy is handled. Tips are considered for how someone can check to see if a cryptocurrency is a good investment.
"The really cool thing about the crypto space is that it's a combination of technology, economics, and psychology" - @randysaaf
— GameTalkLive (@GameTalkLive) February 26, 2018
Watch live now: https://t.co/mRHi6Dommq#cryptotwitter #cryptocurrency #bitcoin #Litecoin #Etherium pic.twitter.com/0PuF5FlKWH
The topic then moves to cryptocurrency in gaming, and what kind of market the creators of cryptocurrency are trying to attract. With people becoming more and more invested in collecting things, the panel discusses the advantages that crypto can have on creating unique items and experiences for players. The panel also talks about the announcement by Ubisoft to use Blockchain technology to make unique DLC for games, and how the possibility of limited access to something could affect its marketability. Discussion covers whether big companies are simply using “buzz words” surrounding cryptocurrency as a marketing tool or whether they are truly interested in working with these tools.
"A lot of these games that are showing up now… it’s arguable if those are truly games" -@BennyGiang
— GameTalkLive (@GameTalkLive) February 26, 2018
Watch live: https://t.co/mRHi6Dommq#cryptotwitter #cryptocurrencies #cryptogames pic.twitter.com/8nWjZceOqn
The discussion then moves to the issues surrounding security in the cryptocurrency world. One concern over cryptocurrency is whether or not people are getting too involved, too fast. The panel talks about how a user can make sure that they are remaining safe while investing in cryptocurrency, and the various ways in which a user can lose out. GTL moves to the topic of education involving cryptocurrency, and what people can do to make sure they are aware of what is happening.
Finally, the panel discusses the likelihood of cryptocurrency ever replacing traditional currency, and if so, what exactly would it take for this to happen. Panelists share their opinions on the advantages and disadvantages of such a thing happening.
“Right now I’m playing #Skyrim on my #NintendoSwitch and I’ll save right before I go do something just in case I die. If I had to pay three cents every time I did that, it’d make me think more about the game" -@randysaaf
— GameTalkLive (@GameTalkLive) February 26, 2018
Watch live: https://t.co/mRHi6Dommq#cryptocurrencies pic.twitter.com/TBxGNIb0XB
Game Talk Live has wrapped up for today, but you can see the episode in its entirety in the video above. Be sure to check out the previous episode, where panellists discuss the evolution of first-person shooters and the eSports arenas.