Author Topic: Arcen games for sale via Dogecoin!  (Read 4689 times)

Offline Pepisolo

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Arcen games for sale via Dogecoin!
« on: June 22, 2014, 08:49:28 am »
Hey guys

A few months ago I told the guys over at Arcen about the Dogecoin community -- Dogecoin is a cryptocurrency like Bitcoin -- and they were quite interested. Indeed, they even said they would be willing to sell games for the currency if there was an easy way for them to handle the purchases. Around the same time a new startup called Coinplay.io was getting ready to be launched. This is a service that is meant to be the Steam/GOG for cryptocurrency users. Anyway, Erik from Arcen got in touch with the Coinplay guys about being interested in launching on their platform, which they were very pleased about. Long story short, it is now a thing, and the service is finally up and running, with the The Last Federation as the flagship title (see what I did there). Check it out!

https://coinplay.io/

Oh, there is a thread about it on reddit, too, where the Dogecoin community resides. Feel free to show support there. It should be on the front page for a bit.

http://www.reddit.com/r/dogecoin/

The games on sale are TLF, BD, and AWWW1+2, plus Dungeon Dashers by Jigxor. Good job, Erik!


Offline Cyborg

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Re: Arcen games for sale via Dogecoin!
« Reply #1 on: June 22, 2014, 10:58:42 pm »
Let's do what we do best on this forum, make a short story long, and talk about why cryptocurrency sucks/is awesome.
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Offline Shrugging Khan

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Re: Arcen games for sale via Dogecoin!
« Reply #2 on: June 23, 2014, 02:28:42 am »
It sucks because I don't even know why I should bother.
The beatings shall continue
until morale improves!

Offline Misery

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Re: Arcen games for sale via Dogecoin!
« Reply #3 on: June 23, 2014, 05:44:31 am »
I dont get it.

Offline Pepisolo

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Re: Arcen games for sale via Dogecoin!
« Reply #4 on: June 23, 2014, 09:48:19 am »
Let's do what we do best on this forum, make a short story long, and talk about why cryptocurrency sucks/is awesome.

I got this...all by myself!

Crytpo doesn't suck:

Efficent global payment system. Transactions cost the same fees no matter where you are sending money from/to. Sending money abroad through traditional means would eat up a lot of the cash in fees.
The transaction fees themselves can either be zero or neglible.
Unlike something like Paypal, your account can't suddenly be frozen leaving you in dire straits. I think something like this happened to the Project Zomboid guys a while back.
No need to supply reams of personal info before sending a payment. Less susceptible to identity theft.

Crypto sucks:

WTF...Who uses this crap. (If people don't use it, then it has no value or utility). The stores that accept it are currently quite limited.
Volatile price. You can send $10 and the very next day that $10 would be worth $5.
Security can be intimidating. You have to really protect your own wallet with your own security practises. If your hard drive crashes and there's no backup, it's bye bye money. Letting a bank handle our cash is much easier.
No buyer protection. No chargebacks for fraudlent sellers etc.

Just a few thoughts from an interested cryptocurrency user. I'm sure there are lots more advantages/disadvantages etc. My advice is don't take cryptocurrency **too** seriously, which is kind of why I like Dogecoin.
« Last Edit: June 23, 2014, 10:08:00 am by Pepisolo »

Offline Zeyi

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Re: Arcen games for sale via Dogecoin!
« Reply #5 on: June 23, 2014, 10:25:26 am »
I think its a very questionable choice to say don't take cryptocurrencies too seriously while asking people to make purchases with them. Sends a bit of a mixed message heh.

Would love to see bitcoin support, especially considering its a more serious cryptocurrency, with far more institutions backing it. I am really unsure of dogecoin and don't think I can take it seriously, sorry.
« Last Edit: June 23, 2014, 10:41:16 am by Zeyi »

Offline Draco18s

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Re: Arcen games for sale via Dogecoin!
« Reply #6 on: June 23, 2014, 10:28:02 am »
I cannot take dogecoin seriously, sorry.

Me either.
I'm also convinced it's pronounced "doggy coin."  DOG-E-COIN, see?

Offline Pepisolo

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Re: Arcen games for sale via Dogecoin!
« Reply #7 on: June 23, 2014, 10:59:28 am »
I cannot take dogecoin seriously, sorry.

It would be great to buy Arcen games with bitcoins though.. I think its a very questionable choice to say don't take cryptocurrencies too seriously while asking people to make purchases with them. Sends a bit of a mixed message.

Bitcoin and Litecoin integration is coming soon. I did say **too** seriously. There is a serious side, of course, because at the end of the day the coins have a monetary value. So, to clarify, I'll change my advice to: don't invest large sums of money in Dogecoin or any cryptocurrency thinking that it will increase massively in value. If you want to grab a few dollars worth of coins to spread around tipping people or buying knick knacks or treats then that's fine. Don't become a serious investor unless you really know what you're getting into. It is still very experimental technology. Oh, my "Check it out!" wasn't really meant as a request for people here to start buying the games with Dogecoin, it was simply a "Look at this!". I really don't expect anybody on this forum to make any purchases with Dogecoin.

Quote
I'm also convinced it's pronounced "doggy coin."  DOG-E-COIN, see?

Yep. It's a DOG on a coin. Makes sense to me. I've adopted the "correct" pronunciation, but it doesn't sit right.
« Last Edit: June 23, 2014, 11:02:11 am by Pepisolo »

Offline doctorfrog

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Re: Arcen games for sale via Dogecoin!
« Reply #8 on: June 23, 2014, 05:59:27 pm »
When you cash in Dogecoins, who is paying you? I guess the merchant does, by giving you something they bought for with real money.

I suppose Arcen would be paid by Coinplay, who is taking the risk of the Dogecoins being worth/less. I assume Arcen is in the store, and assuming none of the risk. All the risk goes to Coinplay and/or the Dogecoin miner.

Assuming all that, and the cryptocurrency's brand (or Coinplay's brand) doesn't get tainted somehow (staining Arcen's reputation), it's at least not dumb for Arcen to sell their stuff there.

Is the idea of cryptocurrency dumb? Nah. Economists, gangsters, and governments are all watching it from above for good reason.

Is spending a bunch of real-life resources mining a first-generation cryptocurrency dumb? Maybe not. But yeah, probably.

Offline Pepisolo

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Re: Arcen games for sale via Dogecoin!
« Reply #9 on: June 23, 2014, 07:43:04 pm »
Quote
I suppose Arcen would be paid by Coinplay, who is taking the risk of the Dogecoins being worth/less. I assume Arcen is in the store, and assuming none of the risk. All the risk goes to Coinplay and/or the Dogecoin miner.

Actually, on this occasion I believe that Arcen are indeed actually going to be paid directly in Dogecoins! Going forward, Coinplay are going to be offering the ability to choose either instant conversion to fiat at the current market value, or direct payment in the form of the cryptocurrency of purchase, which would be Bitcoin/Litecoin/Dogecoin (at reduced store fees).

Quote
Assuming all that, and the cryptocurrency's brand (or Coinplay's brand) doesn't get tainted somehow (staining Arcen's reputation), it's at least not dumb for Arcen to sell their stuff there.

It's a fairly out-of-the-box, albeit pretty risk free move, I think. Bitcoin has grown to be a pretty legitimate payment method -- ok, Dogecoin not so much, but it's getting there! Any taint that may come the way of a cryptocurrency is not going to affect Arcen's reputation. I can't really see how Arcen's reputation could be negatively impacted much by offering a few of their games on Coinplay, either -- even if, worst case scenario, some shady things were found to be going on. Arcen would just be another victim to any shenanigans. As a start up business, there is a good chance that Coinplay will fail in the future despite how proper legit and professional they seem at the moment, but I don't think that will harm Arcen. Who knows, maybe the site will be a great success and will be extremely good for Arcen in the long run. Please, somebody, bump this in a couple of years with the results. Or whenever the boat comes in. :)
« Last Edit: June 23, 2014, 07:45:24 pm by Pepisolo »

Offline Cyborg

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Re: Arcen games for sale via Dogecoin!
« Reply #10 on: June 23, 2014, 07:51:45 pm »
You forgot to mention the accounting problem. From the government's perspective, there are a couple big problems with crypto currency: avoiding sales tracking and thus avoiding tax assessments.  The perfect hidey hole for people who want to make transactions and not be noticed or taxed. This includes drugs, illicit trade, pornography, and human trafficking.


How about when officials that are supposed to be managing the henhouse might actually be the fox?
http://money.cnn.com/2014/01/27/technology/security/bitcoin-arrest/



I have serious reservations about cryptocurrency, but in the case of AI war, I don't really care.
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Offline Pepisolo

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Re: Arcen games for sale via Dogecoin!
« Reply #11 on: June 23, 2014, 09:04:06 pm »
Quote
You forgot to mention the accounting problem. From the government's perspective, there are a couple big problems with crypto currency: avoiding sales tracking and thus avoiding tax assessments.  The perfect hidey hole for people who want to make transactions and not be noticed or taxed. This includes drugs, illicit trade, pornography, and human trafficking.

Ultimately it's up to people to take responsibility and adhere to their tax obligations. For those that don't, yeah tracing them is harder.  There is a public ledger that can be traced to an exchange if somebody wanted to cash out their cryptocurrency. There have been a few FBI busts for example due to this. Tracking is actually probably going to get harder, though. There are quite a few coins emerging with even greater anonymity -- check out Darkcoin. 

Quote
How about when officials that are supposed to be managing the henhouse might actually be the fox?

Unfortunately, there's always going to be crooked guys around in positions of power.
« Last Edit: June 23, 2014, 09:12:46 pm by Pepisolo »

Offline eRe4s3r

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Re: Arcen games for sale via Dogecoin!
« Reply #12 on: June 24, 2014, 12:55:49 am »
So how can you convert dogecoins to real money? Because that's what Arcengames got to after all, unless I missed a revolution and every store on the world now takes crypto currency...

Optimal would imo be a crypto to paypal conversion.. but that's just me
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Offline Draco18s

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Re: Arcen games for sale via Dogecoin!
« Reply #13 on: June 24, 2014, 06:36:35 am »
So how can you convert dogecoins to real money? Because that's what Arcengames got to after all, unless I missed a revolution and every store on the world now takes crypto currency...

Optimal would imo be a crypto to paypal conversion.. but that's just me

There's a market for them, like bitcoin.  The difference is it takes 44,000 dogecoin to have any real value, whereas a single bitcoin is worth hundreds of dollars.

Offline Pepisolo

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Re: Arcen games for sale via Dogecoin!
« Reply #14 on: June 24, 2014, 08:26:12 am »
Quote
So how can you convert dogecoins to real money? Because that's what Arcengames got to after all, unless I missed a revolution and every store on the world now takes crypto currency...

There are numerous exchanges where Dogecoins can be traded for real money. Arcen could use Crypsty/Bter/Kraken etc. However, given that this was very experimental and they probably didn't sell too many copies, they could just choose to hold the coins for a while. In the future, Coinplay will have the ability to instantly convert the currency into real cash at the time of sale for the current market value. Alternatively, If Arcen were to hold their Bitcoins (once that is up and running if Arcen are still on board), there are actually a fair few stores starting to accept it: Overstock, Tigerdirect, HumbleBundle (proper bundle not store) etc.
« Last Edit: June 24, 2014, 08:48:38 am by Pepisolo »