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Blockchain Gaming is Almost Entirely Meaningless

2018 is ending on a low compared to 2017 in the cryptocurrency world. However, blockchain technology, which powers cryptocurrencies like Bitcoin, has continued to evolve and develop all through the bear markets.

In this new world, blockchain gaming is one of the technologies that John McAfee ignores. Dean Takahashi, the GamesBeast lead writer, is a major critic.

Award for Destroying Time and Wealth

Some investors are trying to get into new markets. McAfee is so perturbed by blockchain gaming that he has been awarded the Award for Destroying Time and Wealth.

In December 2017, McAfee was agitated by people doubting the sustainability of cryptocurrencies. Back then, he tweeted that the naysayers did not understand the mathematics and paradigm of blockchain and cryptocurrencies.

He also had predicted that bitcoin would continue rising without any corrections. That tweet did not age well because Bitcoin has lost around 75% of its value from the December 2017 peaks currently hovering around $ 4,000.

Blockchain Gaming is Non-functional

McAfee confirmed to VentureBeat that as someone who writes the business of games, he receives a plethora of pitches about blockchain gaming. He expressed:

"As someone who writes about games and the business of games, I get a lot of pitches about blockchain gaming. I started ignoring those emails months ago. And the reason for that is because the technology is almost entirely meaningless at this point. "

Many companies are trying to make the new gaming technology thrive, not one of them has become a compelling argument to game developers, consumers, and publishers. The current dismal performance does not translate to shortness on hypotheticals for these businesses. About the potential for the blockchain.

Integrating blockchain with gaming could eventually spread out of digital items. Also, developers can benefit from the use of blockchain technology to manage and operate tamper-resistant online without using any servers. Track of all executable changes.

According to McAfee, the ideas start with the new technology. He said that he will continue to ignore blockchain gaming:

"I'm going to continue ignoring blockchain gaming. I'll start paying attention again if anyone makes a product that people actually care about. "

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