As Predicted Here, Microsoft takes Bitcoin. What’s Next
As was predicted here on Imaginary Markets over a quarter ago, Microsoft has taken bitcoin soon after acquiring minecraft.
Will minecrosoft become minecoinsoft? That remains to be seen.
In a quiet post that got quickly picked up around the world, Microsoft announced on the 11th of December:
Now you can exchange bitcoins to buy apps, games and more for Windows, Windows Phone and Xbox
BitQuest is a new public Minecraft server from Chilean game developer Mego. The idea behind BitQuest is to create a working virtual economy where players can earn bitcoins, the popular digital cryptocurrency, by trading Minecraft’s emerald element. Each emerald is worth 1 bit (1/1 millionth of a bitcoin), or about .04 cents. In the BitQuest version of Minecraft, you can deposit the emeralds in exchange for bits using enchanted chests, which act as ATMs. For Mego, this is all about using one of the most popular games in the world to help further legitimize Bitcoin as the official currency of our inevitable cyberpunk future.