Quote from: suchmoon on August 31, 2016, 11:31:17 PM

Quote from: rdewilde on August 31, 2016, 10:03:28 PM

Not? I think that is exactly how it would/could work. You dont have to buy electrons, it is optional, probably using google pay or whatever. It is very common to buy ingame these days. You can buy all kind of stuff, also credits like farmbucks (farmville) or "gold coins" etc. I don't see how electrons would be any different?

There have been big exchanges (like https://www.virwox.com) around for a long time where you can buy/sell all kind of game credits. Not crypto money though. I never heard one of these games getting into trouble with regulation on it?

https://en.m.wikipedia.org/wiki/Economy_of_Second_Life#Legal_position_of_the_Linden_Dollar

That's my point. Regular in-game purchases in a popular game - fine. Convoluted redemption for electrons - meh, most users wouldn't bother, and if that's the main feature it would likely flop. Even if it somehow succeeds you have to wonder why it needs to be tied to crypto if there is nothing crypto about it. You buy or earn points, you redeem them for something or other, all that is off-chain, what does it have to do with cryptocurrency?

Now as far as regulation is concerned, in the US the SEC has established itself as the agency that investigates cryptocurrency investments for securities fraud. Coincidentally they also regulate crowdfunding. Not to mention FinCEN requirements. I know the elusive ionomy PTE is supposed to make it look like the US law doesn't apply but I doubt that with the principals and many investors residing in the US the agencies would see it that way.

Really the only chance to sneak under the regulatory radar would be for ionomy to remain obscure and irrelevant. They're doing a good job at that so far, I'll give them that.

Why would the "other stuff" need to be offchain?

I dunno the US legal priorities but in Europe I dont think anyone cares if the ingame purchased tokens are backed by a blockchain or not. Tokens are just tokens. It's important too have this clear before releasing anything ofcourse. I dont know the current state.

Got the feeling Ive been speculating too much, let me remind it is just my idea of how thing could work.

Also Ionomy is not the only crypto project that's monetizing ingame tokens backed by crypto blockchain.