Shroud of the Avatar’s Richard Garriott backs Neverdie’s ‘etherium blockchain gaming’ venture

I often joke with our readers that Massively OP is not an MMO uptime monitor, but darn if we don’t feel like a Richard Garriott uptime monitor lately — love him or hate him, the man is on one hell of a PR tour for his book and Portalarium’s crowdfunding. So what’s one of the founding fathers of the MMORPG genre and the current boss at Shroud of the Avatar doing today? Boosting Neverdie Studios.

So let’s back up. Remember back in 2005 when when a Project Entropia player bought an asteroid in the game for $100,000 and then flipped it a few years later for more than six times that, ultimately setting a Guinness record and claiming to be the “first gamer to make a million dollars inside a virtual world”? That player was Jon “Neverdie” Jacobs, and Neverdie Studios is his real-world secure bitcoin-like-trading venture promoting “Etherium Blockchain Gaming,” which amounts to peer-to-peer online money trading and is of particular to interest to online gaming studios. The company has apparently already raised $2 million in a pre-sale and has now launched an “initial coin offering” (ICO) whereby people can invest in the tech.

Jacobs wastes no time getting into character in today’s press release touting the alliance. “This is a historic accord between two iconic avatars aligning to champion avatar rights,” he writes. “With the wise council of Richard ‘Lord British’ Garriott, a legendary avatar, adventurer and world builder providing priceless insight into the development of the gamified virtual reality infrastructure to unite MMORPGS and virtual worlds, I’m confident that our noble ambitions will remain virtuous and have the greatest chance to succeed. Richard’s council on the structure and balance of universal gaming tokens will be invaluable.”

In endorsing Neverdie, Garriott himself argues that Portalarium supports the idea that “people living in and contributing to our virtual worlds can and should earn real world value for the time and value they bring to our world” and says he’s exploring how to make that work in Shroud of the Avatar — a first, he believes, for the genre.

Source: Press release, Neverdie
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37 Comments on "Shroud of the Avatar’s Richard Garriott backs Neverdie’s ‘etherium blockchain gaming’ venture"

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Daniel Reasor
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Melissa McDonald

A buddy of mine lucked upon an entire storage shed full of Intel rack servers in one of those auctions for abandoned storage bays. He and a partner set up a data center specifically for mining Bitcoin. They had approximately two dozen servers and ran a special version of Linux designed for Bitcoin mining.

They were barely able to make a dime. Individual PCs are completely inadequate for the task.

Reader

I’m not sure what your friend was mining, but Ethereum is mined almost exclusively on GPUs. CPUs are only useful for certain currencies and typically only useful early in the currencies life. After that its either GPUs or ASIC rigs. Though some coins are now hardened against ASIC mining.

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Schlag Sweetleaf

.

UNFROZEN  CAVEMAN LAWYER.gif
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MesaSage

I guess they’ll have a niche, but I don’t expect the average MMO’er to be able to sort this stuff out.

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Kickstarter Donor
squid

So they want to add cryptocurrency miners to their game clients and use players’ graphics cards and electricity to enrich themselves?
Is this why SoTA runs like shit?

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Melissa McDonald

+10

deekay_plus
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deekay_plus

that’s a good point. and i don’t think this is the first time a piece of software if not a game has done this.

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Melissa McDonald

at the very least it’s added us to a Torrent

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A Dad Supreme

“…and then flipped it a few years later for more than six times that,…”
=====
Trivia.

Check the author of that article. I was surprised.

Veldan
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Veldan

Checked, was not surprised. Why were you?

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Dagget Burmese

Some years ago, we used to mine bitcoin for Wurm Online in exchange for ingame currence to use to pay the rent on property.

The advantage of Etherium is it is designed to work well with video cards but hard to duplicate with a custom ASIC, which is what happened to bitcoin. Downside of that now is the borked GPU market as Etherium speculators buy up every video card they can to process Etherium.

deekay_plus
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deekay_plus

should thank etherium for keeping AMD’s GPU division in business. tho from what i understand operational costs (ie electricityf or the computers, cooling) make etherium mining yet to turn a profit, and is so far less grwoth friendly than bitcoin historically is, which bitcoin generally is pretty poor stability for currency speculation.

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Koshelkin

As I understand it all of this is incredibly convenient to launder money.

Xijit
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Kickstarter Donor
Xijit

And zero tax international currency trading.

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Melissa McDonald

the American Internal Revenue Service has declared Bitcoin to be Property, not Currency, btw.

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A Dad Supreme

There is a lot of Chinese and Russian money tied up into bitcoin.

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Korbenik

only really bad criminals care about cryptocurrentcys

Minimalistway
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Minimalistway

Oh .. i didn’t know i’m a bad criminal! i care about these cryptocurrency for years now.

camren_rooke
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camren_rooke

Honestly there should be an idle/clicker game for mining bitcoin.