Now that I’m thinking about it, MT is a cryptocurrency.
DECENTRALIZATION: Cryptocurrency is owned and controlled by the people, not by any central authority. None.
PRIVACY: The consumer’s identity is as anonymous as they want it to be.
LIMITLESS TRANSACTIONS: Cryptocurrency can be sent via internet, immediately to and from anyone, anywhere, anytime, in any amount, with very minuscule fees. You need not hire a 3rd party banker, nor wire transfer service.
Also, MT can’t be refunded.
You also buy MT from third-parties, which is like crypto, making it less traceable.
I’ve exchanged my MT for Bitcoin twice now, so it can be transferred into “real life” value. MT is centralized in that 2K can easily control how much is put out by way of adjusting the rewards for a game played. They can also ban your account any wipe out any MT amount, and you don’t have private keys to access it. Interesting equivalence though.
It’s a digital currency, but it’s basically the polar opposite of what cryptocurrencies aim to be.
It’s owned entirely by 2K. 2K can take away all your MT without advance notice if they catch you violating their TOS, and can deny you any recourse. And doing things with your MT that they do not want you to is violation of TOS.
2K doesn’t necessarily know your real identity, but they can know everything you do with your MT with records that you’d have to manually record in order to have. There’s zero privacy with regard to any of your activity in the game, or related to MT.
You have to use 2K’s Auction House to “transfer” MT. And they charge 10%, which makes casino ATM fees look like crazy bargains.
Crypto transfers cannot be unilaterally voided by the sender, once sent.
Except that it’s inherently traceable because the only way to transfer it is through the 2K AH.
Cryptocurrencies also are all basically publicly validated/authenticated/recorded through the blockchain whereas MT transactions only occur because 2K says they do. And only they have records unless an individual makes recordings of “transactions” manually.
And crypto does not become worthless around a year after issuance because a new version comes out.
But there are interesting coincidental parallels. MT can be farmed sort of kind of like crypto can be mined (and even farmed). And it is digital and has a value that can be measured in fiat currencies.