Problem with these things is stability. You can get an item worth 100'000 and sell it to someone. Great but the guy who bought it maybe dismayed when that game is no longer as popular because a better game replaced it. Now that 100'000 item is worth nothing. IMO I would never bank my future on any of these things.
It goes way beyond just stability.
The economy in any game can and has been exploited, hacked, and abused. Not to mention just bugs or roll backs or like New World the economy is so busted players start bartering.
Now picture this, it's not just one game, it's a whole bunch of them, all by different studios, all together on the blockchain, and you can move items between them so you just have to find the weakest link in the economy chain. It's a gong show waiting to happen. Not to mention what happens if one shuts down.
Even merging server economies together in the same game would be a nightmare. Imagine a bunch of completely different games with different economies all being merged together.
I literally can't think of a bigger economic disaster than trying to merge multiple games of different genres all together. Think about item and currency generation. Studio's trying to sell things in cash shops. Revenue in general. What if one of these games starts failing and floods the market? Makes crazy items? How do you regulate any of this? It's an absolute dumpster fire waiting to go up in flames.
There's a reason this never got off the ground in any meaningful way. At all.
"You CAN'T buy ships for RL money." - MaxBacon
"classification of games into MMOs is not by rational reasoning" - nariusseldon
My biggest issue is always going to be tax. Once you put monetary value on these things they are going to be taxed. Find a +6 Sword of Doom work $1000? Yeah… that’s now income.
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
My biggest issue is always going to be tax. Once you put monetary value on these things they are going to be taxed. Find a +6 Sword of Doom work $1000? Yeah… that’s now income.
The last thing I want is for the SEC to define my raid gear as a security.
"The concept of digital collectibles in an online game is so exciting to me. Especially an extraction type of game.
People saying scam and ‘ugh’ are just brain dead headline followers. Same people that spend a ton on skins for an annual release game. Same skins everyone has too."
This concept of NFT collectibles goes all the way back to EQ2. There are a vast number of collectibles you will never sell as an NFT in that game. Until gamers are paid to play games, this concept will never work. People want to be compensated for wasting time these days. Gaming is a part of social media now. If I can't make money making gaming videos, then the game better pay me to play, or I am not playing it. That's the future.
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.
My biggest issue is always going to be tax. Once you put monetary value on these things they are going to be taxed. Find a +6 Sword of Doom work $1000? Yeah… that’s now income.
Different Countries with different tax laws and currencies. Whole other can of worms.
"You CAN'T buy ships for RL money." - MaxBacon
"classification of games into MMOs is not by rational reasoning" - nariusseldon
Has anyone else noticed that since crypto went south BcBully's avatar is not looking so healthy anymore?
What I've noticed is his postings are nothing but quick driveby crypto-trolls which he never sticks around very long to engage others to defend his position.
Understandable really, very difficult to punch your way out of such an overwhelmingly deep hole.
Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm
Fools find no pleasure in understanding but delight in airing their own opinions. Pvbs 18:2, NIV
Don't just play games, inhabit virtual worlds™
"This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon
Has anyone else noticed that since crypto went south BcBully's avatar is not looking so healthy anymore?
What I've noticed is his postings are nothing but quick driveby crypto-trolls which he never sticks around very long to engage others to defend his position.
Understandable really, very difficult to punch your way out of such an overwhelmingly deep hole.
All I see is digging deeper. Forget punching out he is gonna need someone to throw him a rope. Even then he would have to grab it and stop digging.
"You CAN'T buy ships for RL money." - MaxBacon
"classification of games into MMOs is not by rational reasoning" - nariusseldon
Every game that provides a mean of earning real life money WILL have cheaters. Don't tell me that there won't be cheaters in a game where the prize is $100.000. I would even consider trying the game out with cheats just for the sake of earning money.
It's cool that he's trying, but this concept will fail. No game studio have succeeded in preventing cheating.
Has anyone else noticed that since crypto went south BcBully's avatar is not looking so healthy anymore?
What I've noticed is his postings are nothing but quick driveby crypto-trolls which he never sticks around very long to engage others to defend his position.
Understandable really, very difficult to punch your way out of such an overwhelmingly deep hole.
IMHO it's because when he engages people argue with him until he says something questionable and then they run and get him banned. Listen, I have been very vocal that I HATE the idea of crypto gaming, but I have an even bigger core belief around speech.
I do not blame the guy for drive-by posting at this point.
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
Of course do not forget how SVB started this run and was being pushed on MSNBS by Kramer as a great company to buy in February. Well, now they are out of business. In this case you would have been better to own BitCoin than SVB bank stock... Or maybe even any regional bank stock depending on how this plays out.
There are risks in all investments, otherwise there would be no corresponding upside when the risk does not materialize. They key is finding those investments where the potential rewards outweigh the real risks.
My issue is not with Crypto itself as that is acknowledged as a high risk investment whose only question is whether it's reward equals the risk. My issue is with taking that and putting it in my games. I play games for enjoyment, not as a financial investment, and I ardently do not want the two to mix.
The story I linked earlier, greatly appealed to me as a child. the idea of living in this fantasy world and making money at it seemed like nirvana. But as a grew up, it became less appealing. And as a fully grown adult I now realize that such a setup would destroy the gaming hobby I love.
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
Has anyone else noticed that since crypto went south BcBully's avatar is not looking so healthy anymore?
What I've noticed is his postings are nothing but quick driveby crypto-trolls which he never sticks around very long to engage others to defend his position.
Understandable really, very difficult to punch your way out of such an overwhelmingly deep hole.
IMHO it's because when he engages people argue with him until he says something questionable and then they run and get him banned. Listen, I have been very vocal that I HATE the idea of crypto gaming, but I have an even bigger core belief around speech.
I do not blame the guy for drive-by posting at this point.
If he had anything like a reasonable or defendable position that wouldn't happen.
See the above post about Signature bank closing because it bet on crypto or any other crypto nose dive stuff.
"You CAN'T buy ships for RL money." - MaxBacon
"classification of games into MMOs is not by rational reasoning" - nariusseldon
Every game that provides a mean of earning real life money WILL have cheaters. Don't tell me that there won't be cheaters in a game where the prize is $100.000. I would even consider trying the game out with cheats just for the sake of earning money.
It's cool that he's trying, but this concept will fail. No game studio have succeeded in preventing cheating.
It's not even about the cheaters for me. I have an issue with the core foundation of even paying people to play a game.
How is paying people to play your game sustainable at all? Where does that money come from?
Even if you have advertisers and a buy in fee that bubble will burst and it will collapse. It's a completely unsustainable business model. The concept isn't going to fail because of cheaters it's going to fail because you can't run a business by giving away money.
Edit:
Now picture a bunch of these play2earn games all on the blockchain and you have the recipe for the greatest economic crash in video games ever. Imagine the domino effect of one of them going under and everyone trying to cash out by using the other games...
That and my previous post about how the economies in these games would be more volatile than the Hindenburg.
Post edited by Nilden on
"You CAN'T buy ships for RL money." - MaxBacon
"classification of games into MMOs is not by rational reasoning" - nariusseldon
Same people that spend a ton on skins for an annual release game. Same skins everyone has too.
They do, but for the most part either because they want the skins for personal use or because they are part of a larger bundle they want so get them desired or not.
As a speculative investment in the hope of profit, not so much.
But whatever, you do you if you're into that kind of thing.
Has anyone else noticed that since crypto went south BcBully's avatar is not looking so healthy anymore?
What I've noticed is his postings are nothing but quick driveby crypto-trolls which he never sticks around very long to engage others to defend his position.
Understandable really, very difficult to punch your way out of such an overwhelmingly deep hole.
IMHO it's because when he engages people argue with him until he says something questionable and then they run and get him banned. Listen, I have been very vocal that I HATE the idea of crypto gaming, but I have an even bigger core belief around speech.
I do not blame the guy for drive-by posting at this point.
If he had anything like a reasonable or defendable position that wouldn't happen.
See the above post about Signature bank closing because it bet on crypto or any other crypto nose dive stuff.
He's the guy that would be posting the health and societal benefits of Soylent Green.
I think you're giving him too much credit. He wouldn't care about health impact or societal benefits. It would be all about how much money he could make and how it's the new technology of the future.
"You CAN'T buy ships for RL money." - MaxBacon
"classification of games into MMOs is not by rational reasoning" - nariusseldon
I think these folks make more money being paid to push NFTs then they actually make off them. If this guy thinks that's entertainment value, then there is no hope for humanity.
Each of these con artists have one thing in common: the power of persuasion to swindle their victims. The successful ones exhibit three similar characteristics—psychopathy, narcissism and Machiavellianism—which have been referred to by psychologists as “dark” personality traits.
Those characteristics allow con artists to swindle people out of their money without feeling any remorse or guilt.
Another thing most chiselers have in common are their egos. These
extortion sales people boost the psyche of the perpetrators and make
them feel even more confident, thus the description of the con has been
termed as a confidence game.
Because cons often change their identities as part of their game, it
can be pesky for law enforcement to catch them. Also, police may not
even go after them when the crime
has to do with bilking property and even money from their marks. That’s
because the law can consider the loss a civil issue and not a legal
one, unless it’s a corporate white-collar crime,
such as those committed by Bernie Madoff, a former stockbroker,
financier, and operator of a massive pyramid scheme that perpetrated the
largest financial fraud in recent US history. Going after grifters is
often of low status, more difficult to prove, and less likely to be
prosecuted, with violent crimes and terrorist acts of higher priority.
That happenstance leads to a message for everyday people: Buyer beware.
Problem with these things is stability. You can get an item worth 100'000 and sell it to someone. Great but the guy who bought it maybe dismayed when that game is no longer as popular because a better game replaced it. Now that 100'000 item is worth nothing. IMO I would never bank my future on any of these things.
It goes way beyond just stability.
The economy in any game can and has been exploited, hacked, and abused. Not to mention just bugs or roll backs or like New World the economy is so busted players start bartering.
Now picture this, it's not just one game, it's a whole bunch of them, all by different studios, all together on the blockchain, and you can move items between them so you just have to find the weakest link in the economy chain. It's a gong show waiting to happen. Not to mention what happens if one shuts down.
Even merging server economies together in the same game would be a nightmare. Imagine a bunch of completely different games with different economies all being merged together.
I literally can't think of a bigger economic disaster than trying to merge multiple games of different genres all together. Think about item and currency generation. Studio's trying to sell things in cash shops. Revenue in general. What if one of these games starts failing and floods the market? Makes crazy items? How do you regulate any of this? It's an absolute dumpster fire waiting to go up in flames.
There's a reason this never got off the ground in any meaningful way. At all.
I dont think the hacked and exploited argument is valid, as banks lose money all the time to the same thing. Every system can be exploited by the weakest link. I have even seen Crypto companies not pass on their losses to their customers. Cant say the same for banks that just raise their fees and say they had no choice even when they make record profits.
Least for me, only reason I dony touch crypto is the stability as I mentioned above.
Problem with these things is stability. You can get an item worth 100'000 and sell it to someone. Great but the guy who bought it maybe dismayed when that game is no longer as popular because a better game replaced it. Now that 100'000 item is worth nothing. IMO I would never bank my future on any of these things.
It goes way beyond just stability.
The economy in any game can and has been exploited, hacked, and abused. Not to mention just bugs or roll backs or like New World the economy is so busted players start bartering.
Now picture this, it's not just one game, it's a whole bunch of them, all by different studios, all together on the blockchain, and you can move items between them so you just have to find the weakest link in the economy chain. It's a gong show waiting to happen. Not to mention what happens if one shuts down.
Even merging server economies together in the same game would be a nightmare. Imagine a bunch of completely different games with different economies all being merged together.
I literally can't think of a bigger economic disaster than trying to merge multiple games of different genres all together. Think about item and currency generation. Studio's trying to sell things in cash shops. Revenue in general. What if one of these games starts failing and floods the market? Makes crazy items? How do you regulate any of this? It's an absolute dumpster fire waiting to go up in flames.
There's a reason this never got off the ground in any meaningful way. At all.
I dont think the hacked and exploited argument is valid, as banks lose money all the time to the same thing. Every system can be exploited by the weakest link. I have even seen Crypto companies not pass on their losses to their customers. Cant say the same for banks that just raise their fees and say they had no choice even when they make record profits.
Least for me, only reason I dony touch crypto is the stability as I mentioned above.
I think you're confused about what "pass on their losses to their customers" means. Part of the banks fees are because they do not pass on losses to their customers, and instead must spend a lot of money to cover those themselves as well as take steps to cover their possible future losses.
As opposite to for example crypto exchanges which tend to play high risk game where success means billions of profit to their owners, and failure means the company folds so that customers lose all their money.
Comments
The economy in any game can and has been exploited, hacked, and abused. Not to mention just bugs or roll backs or like New World the economy is so busted players start bartering.
Now picture this, it's not just one game, it's a whole bunch of them, all by different studios, all together on the blockchain, and you can move items between them so you just have to find the weakest link in the economy chain. It's a gong show waiting to happen. Not to mention what happens if one shuts down.
Even merging server economies together in the same game would be a nightmare. Imagine a bunch of completely different games with different economies all being merged together.
I literally can't think of a bigger economic disaster than trying to merge multiple games of different genres all together. Think about item and currency generation. Studio's trying to sell things in cash shops. Revenue in general. What if one of these games starts failing and floods the market? Makes crazy items? How do you regulate any of this? It's an absolute dumpster fire waiting to go up in flames.
There's a reason this never got off the ground in any meaningful way. At all.
"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/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
The last thing I want is for the SEC to define my raid gear as a security.
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.
If you are holding out for the perfect game, the only game you play will be the waiting one.
"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/https://biturl.top/rU7bY3
Beyond the shadows there's always light
Risky Bet on Crypto and a Run on Deposits Tank Signature Bank
https://www.nytimes.com/2023/03/12/business/signature-bank-collapse.htmlUnderstandable really, very difficult to punch your way out of such an overwhelmingly deep hole.
"True friends stab you in the front." | Oscar Wilde
"I need to finish" - Christian Wolff: The Accountant
Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm
Fools find no pleasure in understanding but delight in airing their own opinions. Pvbs 18:2, NIV
Don't just play games, inhabit virtual worlds™
"This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon
"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/It's cool that he's trying, but this concept will fail. No game studio have succeeded in preventing cheating.
I do not blame the guy for drive-by posting at this point.
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
There are risks in all investments, otherwise there would be no corresponding upside when the risk does not materialize. They key is finding those investments where the potential rewards outweigh the real risks.
My issue is not with Crypto itself as that is acknowledged as a high risk investment whose only question is whether it's reward equals the risk. My issue is with taking that and putting it in my games. I play games for enjoyment, not as a financial investment, and I ardently do not want the two to mix.
The story I linked earlier, greatly appealed to me as a child. the idea of living in this fantasy world and making money at it seemed like nirvana. But as a grew up, it became less appealing. And as a fully grown adult I now realize that such a setup would destroy the gaming hobby I love.
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
See the above post about Signature bank closing because it bet on crypto or any other crypto nose dive stuff.
"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/How is paying people to play your game sustainable at all? Where does that money come from?
Even if you have advertisers and a buy in fee that bubble will burst and it will collapse. It's a completely unsustainable business model. The concept isn't going to fail because of cheaters it's going to fail because you can't run a business by giving away money.
Edit:
Now picture a bunch of these play2earn games all on the blockchain and you have the recipe for the greatest economic crash in video games ever. Imagine the domino effect of one of them going under and everyone trying to cash out by using the other games...
That and my previous post about how the economies in these games would be more volatile than the Hindenburg.
"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/They do, but for the most part either because they want the skins for personal use or because they are part of a larger bundle they want so get them desired or not.
As a speculative investment in the hope of profit, not so much.
But whatever, you do you if you're into that kind of thing.
"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/Psychology of the Con
Each of these con artists have one thing in common: the power of persuasion to swindle their victims. The successful ones exhibit three similar characteristics—psychopathy, narcissism and Machiavellianism—which have been referred to by psychologists as “dark” personality traits.
Those characteristics allow con artists to swindle people out of their money without feeling any remorse or guilt. Another thing most chiselers have in common are their egos. These extortion sales people boost the psyche of the perpetrators and make them feel even more confident, thus the description of the con has been termed as a confidence game.
Because cons often change their identities as part of their game, it can be pesky for law enforcement to catch them. Also, police may not even go after them when the crime has to do with bilking property and even money from their marks. That’s because the law can consider the loss a civil issue and not a legal one, unless it’s a corporate white-collar crime, such as those committed by Bernie Madoff, a former stockbroker, financier, and operator of a massive pyramid scheme that perpetrated the largest financial fraud in recent US history. Going after grifters is often of low status, more difficult to prove, and less likely to be prosecuted, with violent crimes and terrorist acts of higher priority.
That happenstance leads to a message for everyday people: Buyer beware.
Least for me, only reason I dony touch crypto is the stability as I mentioned above.
As opposite to for example crypto exchanges which tend to play high risk game where success means billions of profit to their owners, and failure means the company folds so that customers lose all their money.