Surviving and Thriving in Minecraft's Latest Virtual Bitcoin Economy

Surviving and Thriving in Minecraft's Latest Virtual Bitcoin Economy

Gaming has long been seen as a potential use case environment for bitcoin and other digital currencies, given that the online entertainment sector is an established testing ground for new payment mechanisms and models. Differences in implementation and focus aside, digital currency holds the potential to constitute core functions within a gaming environment. Today, both new and existing games are beginning to tap bitcoin for inclusion in their platforms. A new Minecraft server named BitQuest is hoping to utilize decentralized currencies to boost participation, as well as create a more....


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BitQuest - a Minecraft Videogame with Bitcoin Economy

BitQuest is a Minecraft server where you can find and use Bitcoin within the game. This ongoing project will create a public Minecraft server with a Bitcoin-denominated trading system and unique MMORPG (Massively Multiplayer Online Role Playing Game) features. The economy in BitQuest is based on the Emerald element. You can mine it or exchange it for other elements, just like currency. You can buy food, armor or even enchanted weapons, it's up to you. Each Emerald is worth 1 BIT [one millionth Bitcoin]. To access your Bits you first go to the BANK at spawn and deposit your Emeralds into....

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