The irony is that Minecraft and its players have no problem with virtual tokens known as Minecoins that are used to buy game assets and mods.
Instead of allowing this sort of pattern to be decentralized and permissionless, they are forcing it to remain on a centralized and permissioned stack that allows them to consistently extract rent, exert control over what kind of sales happen, and limit how users can dispose of these assets.
You can’t even sell back your Minecoins, you are only given license to use them for the Minecraft Marketplace. Had this been a standard ERC20 token the company would have no way to block you from reselling unwanted coins on a secondary market.
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The irony is that Minecraft and its players have no problem with virtual tokens known as Minecoins that are used to buy game assets and mods.
Instead of allowing this sort of pattern to be decentralized and permissionless, they are forcing it to remain on a centralized and permissioned stack that allows them to consistently extract rent, exert control over what kind of sales happen, and limit how users can dispose of these assets.
You can’t even sell back your Minecoins, you are only given license to use them for the Minecraft Marketplace. Had this been a standard ERC20 token the company would have no way to block you from reselling unwanted coins on a secondary market.
Is anyone speculating in Minecoins and constantly shilling it to push to the prices before selling out?
Your comparison is very selective.