News If You Bought BTC Instead of Dark Souls, You’d...

If You Bought BTC Instead of Dark Souls, You’d Have the Whole Steam Catalog Now

-

- Advertisment -

When it comes to demonstrating the strength of bitcoin as an investment, you don’t have to look far to find folks obsessing about pizza. The fabled million dollar pie is trotted out every time someone asks why BTC makes sense as a store of value. While the historical importance of those pizzas in the history of bitcoin can’t be understated, the constant comparisons get tiresome after a while.

Also read: Bitcoin ABC Says ‘Great Money’ Is Top Priority for Bitcoin Cash in 2018

Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline

Big Money Pizza Is Old News

What’s more, the numbers are getting so large now that the amount of appreciation seems totally unreal. It’s hard to wrap your mind around someone paying $100 million USD for two pizzas, and I think that makes the example less convincing than most hardline BTC evangelists think it is.

Bitcoin Pizza DaySeems to me, anyone that’s been in the space shouldn’t have too much trouble coming up with a more compelling example, but it’s more complicated than it looks like at first.

I’ve known potheads that would be multi-millionaires now if they quit smoking and held their BTC, and people living out of their cars because they bought a new PC instead of holding onto what they mined back in 2010.

Problem is, most of examples don’t really have mainstream appeal, and everyone’s had a “pizza moment” at one time or another. It’s almost a rite of passage in BTC. What we really need is a comparison that shows growth in material terms instead of numbers getting larger, saying BTC outperformed X commodity by Y percent.

BTC Gaming the System

That in mind, I think games are as good a proxy as any. We have an easy dollar amount to equate them to ($60) and most technical people have at least some interest in both. We also have easy access to data on the games industry.

Using data from the Steam API, and other sources, we can make several fun comparisons. Here’s a few assuming games appreciated like bitcoin has:

  • A copy of Dark Souls would be every game on Steam today;
  • EA could have given someone one copy of every game in their catalog in 2011, and that person would have another EA to run;
  • A year’s subscription to World of Warcraft would last literally forever;
  • Arcade machines would still pay for themselves in a few months;
  • Red Dead Redemption would be every game ever made, plus DLC and expansions, for every console and platform ever; made. (With change left over to buy every console, and every peripheral and also a few Lamborghinis).

Amusing as these are, I think they may go further with people who are sick of hearing about the Silk Road and expensive pizzas.

How does the bitcoin price compare to your purchases over the past five years? Please share your thoughts in the comments.


images courtesy From Software, Bitcoin wiki

The post If You Bought BTC Instead of Dark Souls, You’d Have the Whole Steam Catalog Now appeared first on Bitsonline.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...
- Advertisement -If You Bought BTC Instead of Dark Souls, You’d Have the Whole Steam Catalog Now

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...

Cryptocurrency Top Security Risk Concerns: What You Can Do to Protect Your Crypto

A report by CipherTrace revealed that in the first half of 2019, criminals and fraudsters stole more...

Must read

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came...
- Advertisement -If You Bought BTC Instead of Dark Souls, You’d Have the Whole Steam Catalog NowIf You Bought BTC Instead of Dark Souls, You’d Have the Whole Steam Catalog Now

You might also likeRELATED
Recommended to you