why MA doesnt apply Crypto Blockchain to game?

[ermik]

@Aloisius

Stablecoins are a genre of crypto currency that’s pegged to a fiat somehow. Examples include USDC, USDT and BUSD. Each has pros and cons of their own and are used mostly to facilitate trading. If MA were to simply peg to USDC for example it would improve everyones lives immensely. All you would need to do is buy some somewhere and deposit it to MA. SWIFT is such a hassle and so expensive. I don’t recommend Tether though that coin is sketchy AF@@!!

but why peg to usdc when we already are connected to USD? I mean usd is quite common in terms of use worldwide.

[Aloisius]

How do you send that USD?

[JD_RACING]

the only benifit for a cryto type of curency is to take money out or put it in and dont show were it came from
they put a hold on the money for month for 2 things to make sure one day to make sure they have anouf money to pay out stop a crash
and the other to protect poeple ingame agaist frauds, scams they have anouf time to freese acount
this is one reason you will never be able to withdraw the same days or minutes there not a bank

[Xen]

@JD RACING

the only benifit for a cryto type of curency is to take money out or put it in and dont show were it came from
they put a hold on the money for month for 2 things to make sure one day to make sure they have anouf money to pay out stop a crash
and the other to protect poeple ingame agaist frauds, scams they have anouf time to freese acount
this is one reason you will never be able to withdraw the same days or minutes there not a bank

Someone who knows a lot about this could help me out…

If I’m not mistaken the blockchain keeps a record of all transactions so that would be helpful imo. I don’t have a lot of knowledge but perhaps then if everything in game were an NFT then you could track all sale prices, even private trade. Also, if you could only purchase and withdraw the in game coin with say USDT (a stablecoin) then perhaps the security would already be taken care of by whatever method you used to purchase USDT with fiat. This could perhaps relieve MA from fraud concerns?

[ermik]

@Aloisius

How do you send that USD?

Send?

When i buy something online i usually pay with card or paypal.

I never ever have the need to “send” usd to someone else i cant interact with IRL.

[Droob]

@JD RACING

the only benifit for a cryto type of curency is to take money out or put it in and dont show were it came from

The whole premise of many existing blockchains is that everyone can see every transaction that has occurred. Some are designed for privacy such as Monero but anonymity shouldn’t be viewed as a benefit in the vast majority of existing blockchains.