Here's a thought, perhaps the current crypto crash will encourage these developers to concentrate on making a good game first, instead of holding out the NFT / crypto aspects as the big lure to their product.
Or perhaps crypto is the excuse for developers who can't make a good game to make a bad one instead.
Crypto is just another means for other people to try and convince you that it is valuable, then take your real money...That is all it is....
And since crypto/NFT is really a pyramid scheme, the current crash won't have any real effect on it. They are counting on ignorant people to prey on in the first place.
I think that's quite the opposite. Crypto isn't a collection of a bunch of independent pyramid schemes. It's a bunch of highly correlated pyramid schemes. One day, basically all of them go up. The next day, basically all of them go down. It's possible for one to fail in isolation for reasons peculiar to that particular one. See Terra/Luna, for example, though that caused a major hit to the rest of crypto. But for the most part, if more than a few fail, then they'll all fail at once.
This is completely irrational behavior if you believe that cryptocurrencies have a real future as a currency. Society doesn't need thousands of cryptocurrencies to mix together. If they catch on, it will be one or a few that become dominant (with potentially different cryptocurrencies becoming individually dominant in different spheres), while the rest become worthless. People putting money into crypto seem to be actively betting against that outcome, as they're betting that they'll all go up, not that the particular one that they put money into will be the winner.
I think there are too many people hyped for Crypto for it to go away anytime soon. There is a fundamental flaw in any currency scheme that provides for independent new currencies to pop up without any tangible link to the real world. The entire crypto thing is too volatile for me to consider it. Maybe that changes in the future, but for now, it just doesn't entice me.
Logic, my dear, merely enables one to be wrong with great authority.
Crypto currency is just a glorified, intricately designed Ponzi scheme. Only total idiots fall for it, but then there's always plenty of idiots around. I pity them even as I point my finger at them and laugh.
And since crypto/NFT is really a pyramid scheme, the current crash won't have any real effect on it. They are counting on ignorant people to prey on in the first place.
I think that's quite the opposite. Crypto isn't a collection of a bunch of independent pyramid schemes. It's a bunch of highly correlated pyramid schemes. One day, basically all of them go up. The next day, basically all of them go down. It's possible for one to fail in isolation for reasons peculiar to that particular one. See Terra/Luna, for example, though that caused a major hit to the rest of crypto. But for the most part, if more than a few fail, then they'll all fail at once.
This is completely irrational behavior if you believe that cryptocurrencies have a real future as a currency. Society doesn't need thousands of cryptocurrencies to mix together. If they catch on, it will be one or a few that become dominant (with potentially different cryptocurrencies becoming individually dominant in different spheres), while the rest become worthless. People putting money into crypto seem to be actively betting against that outcome, as they're betting that they'll all go up, not that the particular one that they put money into will be the winner.
This is a level of complexity that the ignorant targets cannot, or won't, understand.
Crypto currencies are pure speculation, there is no fundamental value to them like stocks for example. The targets are ignorant users who cannot, or will not, think this deeply.
And since crypto/NFT is really a pyramid scheme, the current crash won't have any real effect on it. They are counting on ignorant people to prey on in the first place.
I think that's quite the opposite. Crypto isn't a collection of a bunch of independent pyramid schemes. It's a bunch of highly correlated pyramid schemes. One day, basically all of them go up. The next day, basically all of them go down. It's possible for one to fail in isolation for reasons peculiar to that particular one. See Terra/Luna, for example, though that caused a major hit to the rest of crypto. But for the most part, if more than a few fail, then they'll all fail at once.
This is completely irrational behavior if you believe that cryptocurrencies have a real future as a currency. Society doesn't need thousands of cryptocurrencies to mix together. If they catch on, it will be one or a few that become dominant (with potentially different cryptocurrencies becoming individually dominant in different spheres), while the rest become worthless. People putting money into crypto seem to be actively betting against that outcome, as they're betting that they'll all go up, not that the particular one that they put money into will be the winner.
This is a level of complexity that the ignorant targets cannot, or won't, understand.
Crypto currencies are pure speculation, there is no fundamental value to them like stocks for example. The targets are ignorant users who cannot, or will not, think this deeply.
Get in now, and sell later to the rubes.
That's all true, but it's actually worse than that. The costs of conjuring up and trading NFTs is basically nothing, making them purely speculative assets, but at least they're pretty close to a zero-sum game. Mined cryptocurrencies burn considerable resources to create the currency, making them very much a negative-sum game. Even if you're into pure speculation, it's much harder to come out ahead in a negative-sum game than a zero-sum game.
And since crypto/NFT is really a pyramid scheme, the current crash won't have any real effect on it. They are counting on ignorant people to prey on in the first place.
I think that's quite the opposite. Crypto isn't a collection of a bunch of independent pyramid schemes. It's a bunch of highly correlated pyramid schemes. One day, basically all of them go up. The next day, basically all of them go down. It's possible for one to fail in isolation for reasons peculiar to that particular one. See Terra/Luna, for example, though that caused a major hit to the rest of crypto. But for the most part, if more than a few fail, then they'll all fail at once.
This is completely irrational behavior if you believe that cryptocurrencies have a real future as a currency. Society doesn't need thousands of cryptocurrencies to mix together. If they catch on, it will be one or a few that become dominant (with potentially different cryptocurrencies becoming individually dominant in different spheres), while the rest become worthless. People putting money into crypto seem to be actively betting against that outcome, as they're betting that they'll all go up, not that the particular one that they put money into will be the winner.
This is a level of complexity that the ignorant targets cannot, or won't, understand.
Crypto currencies are pure speculation, there is no fundamental value to them like stocks for example. The targets are ignorant users who cannot, or will not, think this deeply.
Get in now, and sell later to the rubes.
That's all true, but it's actually worse than that. The costs of conjuring up and trading NFTs is basically nothing, making them purely speculative assets, but at least they're pretty close to a zero-sum game. Mined cryptocurrencies burn considerable resources to create the currency, making them very much a negative-sum game. Even if you're into pure speculation, it's much harder to come out ahead in a negative-sum game than a zero-sum game.
Eh, not exactly. There are a lot of currencies that are not speculative. Blockchains as a whole aren't a speculative technology.
The technology provides a number of features. Speculation comes in the form of the way it's used, but even in those scenarios what is equated with a token or currency isn't always speculative. That's the purpose of some very specific stable coins.
It's definitely interesting, because there are examples of pretty much everything out there related to blockchain now. In some cases governance tokens act as a way of holding a fractional ownership of a protocol. Many protocols are not inherently speculative. There are many functional protocols where their existence is part of the process to run the blockchain itself.
The speculation comes when there is a potentially popular chain. I don't think it takes much work to understand why they do this.
But again, you can't just shrug and say "all crypto currencies are speculative" because that's not really true. In reality, we can't even say that all NFT's are speculative. What we can say is that they've become popular because people have marketed them as such.
What's our resident NFT shill have to say on the matter?
The shills be banned for a while
Come on, he can't be being paid by NFT MMOs as a genre. That would be like a reviewer on here giving DI a good review and posters saying he was a mobile shill.
Looks like all Crypto is in a freefall. Now, I am sure that at some point there will be a weed-out and some of these will rise again. But from a gaming perspective... is this crash enough to put an and to their inclusion in games?
Or is this just a blip soon to be forgotten as we get endless P2E games shoveled our way?
For reference: ETH which many of these games were based on has fallen from a high of $4865 to $900... an 82% fall.
Even if we disregard the player side... is it even possible to run a business when the currency you get paid in fluctuates like that?
Let me educate you.
the gaming developers are coders who are capable of creating their own currencies. They can even hack CoinMarketCap and manipulate the price of any coin in seconds. they all cashed out and quit. ever wonder why no games are getting made? why there is game developer stagflation?
let's take a look at Camelot Unchained for example.... crypt kitties and gods unchained are the two crypto games they supposedly created. CU has been in development for like 15 years now. People can't even get refunds from the pay to play beta. they have crowdfunded and taken beta money and won't give it back. ever wonder why? because they invested it into crypto miners and crypto games. the senior programmers have all quit.
Those same devs scammed you for money and left. there not gonna make you any more games. there never coming back. they used us and like cowards, took off. new games will be developed by new college grads who never understood crypto.
have fun waiting for decades for your dream game. it's not going to come true.
to answer your question.....gas fees killed pay to play crypto games because the devs let it.
This user is a registered flex offender. Someone who is registered as being a flex offender is a person who feels the need to flex about everything they say. Always be the guy that paints the house in the dark. Lucidity can be forged with enough liquidity and pharmed for decades with enough compound interest that a reachable profit would never end.
Crypto, NFT's, Blockchain, as a rule i give any game that has these things a wide berth, as the saying goes, you cannot cheat an honest man, but greedy people make easy targets. They prey on peoples greed, with the continuing collapse of crypto a lot of 'greedy' people are liable to find out they have nothing, but i doubt they will be happy.
@coretex666 You state that, "Crypto fixes all of this by having limited total supply. There is a fixed number of units of the particular crypto and there can't be more." <---If I create a coin, I can literally add to the supply because I own the coin. Make a coin and add it to an exchange. I promise you it's the same as paper money. You can create it forever. It's infinite.
You also state, "In fact, some of them are deflationary...the supply decreases over time. By being decentralized - there is no central entity."<--you sound like a crypto scammer here. This is the typical response from every scammer I have ever had the privilege of sitting with. The hacker is the middleman. The blockchain developer is the middleman. They take your money with sql injection. Then they pump more of a different coin into the system. It's the opposite of deflationary. It's hyperinflation.
Try harder...
This user is a registered flex offender. Someone who is registered as being a flex offender is a person who feels the need to flex about everything they say. Always be the guy that paints the house in the dark. Lucidity can be forged with enough liquidity and pharmed for decades with enough compound interest that a reachable profit would never end.
You interpret what I said in the most ridiculous way possible and then spit out "try harder"...JFC. <---Thank you for actually trying. Kudos and a tip of the ole hat.
"The blockchain developer is the middleman. They take your money with SQL injection. Then they pump more of a different coin into the system. It's the opposite of deflationary. It's hyperinflation."...this is such a vague comment, most likely driven by absolute lack of knowledge of blockchain and digital assets that it is difficult to respond to. <---There isn't anything vague about what I said. You can't actually respond because I'm right. Again, I reiterate, scammer response to bait my trust to keep buying and supporting crypto.
Having said that, there are many decentralized blockchains without middlemen. <---Cite. I want to know who they are.
it again comes down to the rules and governance of that particular blockchain. Yes, someone creates that blockchain and sets up the rules. <---This form of capitalism is causing zelle transfer fraud. It doesn't work.
By being decentralized - there is no central entity playing with the value (ofc there will be hedge funds and big players affecting the market, but it's not the same as someone having the right to increase the supply and let the people suffer the consequences like with fiat). Crypto gives people freedom. <---And when those people are victimized, who they go to for help? Freedom needs to be policed.
There are many blockchains for which the rules are set up in a way that they require the consensus of a large number of decentralized nodes to agree in order to pass a change on the blockchain or confirm a transaction making the "middleman" powerless and the blockchain decentralized. <---You just explained how a crypto transaction works and then tried to tell me there was a middleman inside the transaction. I'm kind of scratching my head here.
Anyway, good luck, boys. I requested deletion of my account. <---why?
This user is a registered flex offender. Someone who is registered as being a flex offender is a person who feels the need to flex about everything they say. Always be the guy that paints the house in the dark. Lucidity can be forged with enough liquidity and pharmed for decades with enough compound interest that a reachable profit would never end.
You can delete your account yourself. No need drama just go to the front page of this site then to your profile under profile option is delete account.
You can delete your account yourself. No need drama just go to the front page of this site then to your profile under profile option is delete account.
Comments
Crypto is just another means for other people to try and convince you that it is valuable, then take your real money...That is all it is....
This is completely irrational behavior if you believe that cryptocurrencies have a real future as a currency. Society doesn't need thousands of cryptocurrencies to mix together. If they catch on, it will be one or a few that become dominant (with potentially different cryptocurrencies becoming individually dominant in different spheres), while the rest become worthless. People putting money into crypto seem to be actively betting against that outcome, as they're betting that they'll all go up, not that the particular one that they put money into will be the winner.
Logic, my dear, merely enables one to be wrong with great authority.
I think he is still banned.....
You won't be missed! Good riddance!
"classification of games into MMOs is not by rational reasoning" - nariusseldon
Love Minecraft. And check out my Youtube channel OhCanadaGamer
Try a MUD today at http://www.mudconnect.com/------------
2024: 47 years on the Net.
The technology provides a number of features. Speculation comes in the form of the way it's used, but even in those scenarios what is equated with a token or currency isn't always speculative. That's the purpose of some very specific stable coins.
It's definitely interesting, because there are examples of pretty much everything out there related to blockchain now. In some cases governance tokens act as a way of holding a fractional ownership of a protocol. Many protocols are not inherently speculative. There are many functional protocols where their existence is part of the process to run the blockchain itself.
The speculation comes when there is a potentially popular chain. I don't think it takes much work to understand why they do this.
But again, you can't just shrug and say "all crypto currencies are speculative" because that's not really true. In reality, we can't even say that all NFT's are speculative. What we can say is that they've become popular because people have marketed them as such.
https://biturl.top/rU7bY3
Beyond the shadows there's always light
the gaming developers are coders who are capable of creating their own currencies. They can even hack CoinMarketCap and manipulate the price of any coin in seconds. they all cashed out and quit. ever wonder why no games are getting made? why there is game developer stagflation?
let's take a look at Camelot Unchained for example.... crypt kitties and gods unchained are the two crypto games they supposedly created. CU has been in development for like 15 years now. People can't even get refunds from the pay to play beta. they have crowdfunded and taken beta money and won't give it back. ever wonder why? because they invested it into crypto miners and crypto games. the senior programmers have all quit.
Those same devs scammed you for money and left. there not gonna make you any more games. there never coming back. they used us and like cowards, took off. new games will be developed by new college grads who never understood crypto.
have fun waiting for decades for your dream game. it's not going to come true.
to answer your question.....gas fees killed pay to play crypto games because the devs let it.
Someone who is registered as being a flex offender is a person who feels the need to flex about everything they say.
Always be the guy that paints the house in the dark.
Lucidity can be forged with enough liquidity and pharmed for decades with enough compound interest that a reachable profit would never end.
All time classic MY NEW FAVORITE POST! (Keep laying those bricks)
"I should point out that no other company has shipped out a beta on a disc before this." - Official Mortal Online Lead Community Moderator
Proudly wearing the Harbinger badge since Dec 23, 2017.
Coined the phrase "Role-Playing a Development Team" January 2018
"Oddly Slap is the main reason I stay in these forums." - Mystichaze April 9th 2018
Crypto gaming is shitty and should remain in the toilet.
https://biturl.top/rU7bY3
Beyond the shadows there's always light
https://biturl.top/rU7bY3
Beyond the shadows there's always light
You state that, "Crypto fixes all of this by having limited total supply. There is a fixed number of units of the particular crypto and there can't be more." <---If I create a coin, I can literally add to the supply because I own the coin. Make a coin and add it to an exchange. I promise you it's the same as paper money. You can create it forever. It's infinite.
You also state, "In fact, some of them are deflationary...the supply decreases over time. By being decentralized - there is no central entity."<--you sound like a crypto scammer here. This is the typical response from every scammer I have ever had the privilege of sitting with. The hacker is the middleman. The blockchain developer is the middleman. They take your money with sql injection. Then they pump more of a different coin into the system. It's the opposite of deflationary. It's hyperinflation.
Try harder...
Someone who is registered as being a flex offender is a person who feels the need to flex about everything they say.
Always be the guy that paints the house in the dark.
Lucidity can be forged with enough liquidity and pharmed for decades with enough compound interest that a reachable profit would never end.
"The blockchain developer is the middleman. They take your money with SQL injection. Then they pump more of a different coin into the system. It's the opposite of deflationary. It's hyperinflation."...this is such a vague comment, most likely driven by absolute lack of knowledge of blockchain and digital assets that it is difficult to respond to. <---There isn't anything vague about what I said. You can't actually respond because I'm right. Again, I reiterate, scammer response to bait my trust to keep buying and supporting crypto.
Having said that, there are many decentralized blockchains without middlemen. <---Cite. I want to know who they are.
it again comes down to the rules and governance of that particular blockchain. Yes, someone creates that blockchain and sets up the rules. <---This form of capitalism is causing zelle transfer fraud. It doesn't work.
By being decentralized - there is no central entity playing with the value (ofc there will be hedge funds and big players affecting the market, but it's not the same as someone having the right to increase the supply and let the people suffer the consequences like with fiat). Crypto gives people freedom. <---And when those people are victimized, who they go to for help? Freedom needs to be policed.
There are many blockchains for which the rules are set up in a way that they require the consensus of a large number of decentralized nodes to agree in order to pass a change on the blockchain or confirm a transaction making the "middleman" powerless and the blockchain decentralized. <---You just explained how a crypto transaction works and then tried to tell me there was a middleman inside the transaction. I'm kind of scratching my head here.
Anyway, good luck, boys. I requested deletion of my account. <---why?
Someone who is registered as being a flex offender is a person who feels the need to flex about everything they say.
Always be the guy that paints the house in the dark.
Lucidity can be forged with enough liquidity and pharmed for decades with enough compound interest that a reachable profit would never end.