Cryptocurrency Economy in Minecraft!

Here's a Link Showcasing our Crytpocurrency! : https://www.youtube.com/watch?v=UaQBsH8sJnw - video by Nickireda

If this project/system gets enough attention we will show off all of the inner workings and have a download available for all of the scripts! Be sure to leave a like and maybe even show your friends!

for questions:
Nickireda's twitter: twitter.com/Nickireda
My (Charlie's) email: 192837465abc2000@gmail.com

This is an outstanding program/system! The people who made this are great people! *Cough *Cough

Did you hash the passwords?
By the way, this isn't a cryptocurrency. If it actually was each dollar would be worth some real cash instead of some diamonds.

Atenefyr, on 06 July 2015 - 05:17 PM said:

Did you hash the passwords?
By the way, this isn't a cryptocurrency. If it actually was each dollar would be worth some real cash instead of some diamonds.

Not necessarily. All currency is based on an equivalent value of a precious material(in most of the world, it's based on gold), so the idea of basing the value on diamonds isn't too far fetched.

Cranium, on 06 July 2015 - 11:58 PM said:

Not necessarily. All currency is based on an equivalent value of a precious material(in most of the world, it's based on gold), so the idea of basing the value on diamonds isn't too far fetched.

It's a currency, but it's not a cryptocurrency. This currency has no relation to hashing and cryptography at all.

It's obviously not going to function entirely like a real cryptocurrency. It's computercraft. Our only goal was to make it function similarly to a real world cryptocurrency. Like irl cryptocurrency is based on real world currency, our CC cryptocurrency is based on some kind of minecraft currency, like diamonds (similar to real world currency). And the actual behavior of how passwords/account details are secured, exchanged, added, and/or modified is not at all going to be the same as in irl.

It's just a concept of a resemblance of an in-game cryptocurrency. We aren't aiming for realism, we are aiming for a cool concept that could possibly be utilized or make a fun economy basis. Im still going to call it a cryptocurrency.

ferfuderf, on 08 July 2015 - 06:04 AM said:

It's obviously not going to function entirely like a real cryptocurrency. It's computercraft.

That's not obvious. Look at Krist (which admittedly does use an external server)

ferfuderf, on 08 July 2015 - 06:04 AM said:

Our only goal was to make it function similarly to a real world cryptocurrency. Like irl cryptocurrency is based on real world currency, our CC cryptocurrency is based on some kind of minecraft currency, like diamonds (similar to real world currency).

You got that slightly wrong, the value of any currency (not just cryptocurrencies) is based on a valuable material or another currency.

ferfuderf, on 08 July 2015 - 06:04 AM said:

It's just a concept of a resemblance of an in-game cryptocurrency. We aren't aiming for realism, we are aiming for a cool concept that could possibly be utilized or make a fun economy basis. Im still going to call it a cryptocurrency.

So you pretty much just have a normal currency (no resemblance to a cryptocurrency). If I draw some analogies to how money works IRL (at least as far as I know in the US):
What you have there is the federal bank (issuing money) combined with a debit card like thing (storing money) (except using a username and password instead of a card).

So please don't call it a cryptocurrency, it really has no resemblance to one (though I haven't done anything with BitCoin IRL).

I think you're not understanding what we're saying
define cryptocurrency
you can call it what you want, but just know it isn't a cryptocurrency in any way, rather simply a "currency".

I might make this idea real. A simple Sha-1 cryptocurrency