I don't know why everyone on this thread is becoming so hostile, don't you guys realize that investments of this magnitude are made every day? The investor has probably done research and seriously believes he can get a return. It seems risky though, Entropia is such an old game, it seems inevitable that it will crash and players with a lot of money in it will cash out. It is the only game of its kind... What if another company announces a similar (but newer) game? That alone could push PE into a downward spiral as players consider moving to the new game and/or are scared of PEs currency losing value.
It seems risky though, Entropia is such an old game, it seems inevitable that it will crash and players with a lot of money in it will cash out. It is the only game of its kind... What if another company announces a similar (but newer) game? That alone could push PE into a downward spiral as players consider moving to the new game and/or are scared of PEs currency losing value.
So far I know of two games with the same concept, Second Life and Afterworld.. I may be mistaken as I have not been in there recently but they both look very antique.
If Blizzard, EA, or M$ someday started a game of this kind, I would really be worried.. strange is that it has not happened yet. Maybe its matter of tact (which I doubt, sceptical as I am about big companies intentions), or maybe it is they have not yet figured any better system. I am sure tho that this kind of real money gaming has a future.. why else would there be ebay for wow accounts or wellknown real fights in japan for virtual items etc?
i hope you know 1 million dollars really isnt that much, yea thats a good turn around on 100k, but you cant live off 1 mil for more than 15 years, and thats if you live in a trailer park. and i guarantee you that neverdie still has to work... go see what ONE million dollars buys these days. 15 cars? 3 homes (but not the property tax)? so maybe that million dollars will HELP him in life, but he cant retire off of it. that just shows how young you are, and how much you have to learn about REAL world economy.
I know plenty of retired folk with less than a million dollars worth of savings; and they are doing just fine. If you invest a million dollars wisely, you can indeed "live off of it" for life. I have a family member right now that has been living off of her slightly-more-than-a-million dollar estate for the past two decades, reaping small dividends from stocks she owns and living off that and the interest she accumulates from various CDs and bonds.
You *can* indeed live off of a million dollars; indeed, many people in the developing world (MOST of the world's population) will never, ever know that kind of wealth in their entire lifetime.
If you can't live better than in a trailor park off a million dollars and you can only do it for 15 years, you're doing something wrong - you're not letting your money work for you, you're obviously just blowing it. In that case, yes, it won't last long and it won't mean much. Give a smart man a million dollars (Hell, even less) and he'll never have to work again another day in his life. It is possible to live very well, and very cheaply.
There's truth in that. Throw it in a trust and live simply, don't acrue debt and one can be fine.
For the record, my comfort zone is 2 million though ; )
Like Skyrim? Need more content? Try my Skyrim mod "Godfred's Tomb."
we need more crazy people like him in this planet People call him stupid. I call him a trailblazer. He's just someone with bigger balls than all of us. Good game sir. Good game.
hehe had to check that from urban dictionary as i'm not angloamerican by birth spot on
i have played this game off and on since beta,my friends and i have cashed out over 20k usd proffit. Money can be made. what you guys are not hitting on here is Buzz is one of if not the top crafter in the game and is constantly making money and has for years, it would not surprise me if he did not have to put in one cent to pay that 330,000 peds. I have talked to Buzz several times and this is a buisness to him,not just a game. there are several other hard core crafters that feel the exact same way. its a buisness. Never die made his 100k investment back in under a year.
there are several people now that have entered the game never put a dime in and have made decent money. It's like playing a slot machine with skill. When you know where to go and what to do in game and when to do it. you can make money.
played M59,UO,lineage,EQ,Daoc,Entropia,SWG,Horizons,Lineage2.EQ2,Vangaurd,Irth online, DarkFall,Star Trek and many others that did not make the cut or i just plain forgetting about.
First off, I'd like to say Congratulations to Buzz on his great purchase. He's worked long and hard in this game crafting and hunting and has done very well for himself.
As for Entropia, having played for the past 3+ years, here's my basic thoughts:
Is it fun? yep.
Can you make money? Yep.
Can you lose money? Yep.
So what's the thing that keeps me here? Simply the fact that this is one of the few games that I can spend years playing, at the budget I decide on, (I've averaged $50/month for many, many hours of fun) and the worst that can happen is when I'm done, I can sell everything and get even a partial rebate on my entertainment money.
They want a few % in withdraw fees? They can have it. I simply can't get a rebate going to the movies. (Unless I cheat the manager by complaining loudly about something trivial, and that's just rude and dishonest.)
Sigh, I'm of 2 minds about this : 1. It makes me physically ill that people actually have this kind of money to spend on a virtual item in these though times when others can barely pull enough together to put food on the table for their family. 2. It's interesting to note that you can actually make money from nothing, i.e virtual space. Must be nice to be rich.
"Physically ill"? The wealth in the world is not a zero sum game. In other words, simply because some have a great deal of wealth, doesn't translate to others being unable to gain their own wealth. Socialism rests on appeals to emotion and class warfare, to gain and maintain the power of The Party over its subject population. Even though EU isn't my type of game(I set a limit of $100 dollars on my stay there), there are obviously those who do enjoy it. To each their own <shrug>
Sigh, I'm of 2 minds about this : 1. It makes me physically ill that people actually have this kind of money to spend on a virtual item in these though times when others can barely pull enough together to put food on the table for their family. 2. It's interesting to note that you can actually make money from nothing, i.e virtual space. Must be nice to be rich.
I'm sorry but to those that earn money in a honest manner and then want to try to "invest" which in essence is what this guy did I have no issues. Crappy game yes but its everyone's right to spend as they see fit. I have no interest in a socialist system that knocks everyone down to the same lvl instead of letting those that work hard reap their rewards. I'm not well off by any means but if one of my stock investments nets me millions I think its my right to spend said funds anyway I like even if its on virtual property lol(I would never do what this guy did).
Sorry, but what you're describing is a communist system, not a socialist system. People have gotten, and do get, fabulously wealthy in socialist systems.
Thats rather difficult to do, since the typical tax rate on such amounts is 80% plus in many socialist countries. Not impossible, but difficult. But of course, those who are that productive have long since left such countries, or arranged it so their income is earned in other countries.
Players invest a certain amount of real money hoping to make a profit and when they do, they invest some of that profit back into the game. But what happens if people start making more than the game can actually generate?
I know they put up a limit to how much a person can withdraw from the game each day or week but... Where is all that money coming from? I'm sure people aren't actually investing that much money into the game, right? So does Entropia have the actual monetary to back up every player's actual worth?
Players invest a certain amount of real money hoping to make a profit and when they do, they invest some of that profit back into the game. But what happens if people start making more than the game can actually generate? I know they put up a limit to how much a person can withdraw from the game each day or week but... Where is all that money coming from? I'm sure people aren't actually investing that much money into the game, right? So does Entropia have the actual monetary to back up every player's actual worth?
In 'games' like Entropia you get very little, if not nothing, from in game activities. You only get the game money you need to advance your characters from selling the resources you gather to players or buying from the game companies.
Since the game doesn't let you get any meaningful game monies in the worst case the game companies will only cough up all the profits they have banked when players redeem for real money. But will they? Hackers always strike. You always find rich players getting hacked by mysterious strangers and the game companies always tell you they are not responsible for your loss of 700 billion game money.
What if players all decide to redeem before the companies find a way to cover their asses? Well... ask Bernard Madoff.
Players invest a certain amount of real money hoping to make a profit and when they do, they invest some of that profit back into the game. But what happens if people start making more than the game can actually generate? I know they put up a limit to how much a person can withdraw from the game each day or week but... Where is all that money coming from? I'm sure people aren't actually investing that much money into the game, right? So does Entropia have the actual monetary to back up every player's actual worth?
The economy in Entropia is a two-part system.
TT value - Fixed
Market value - highly variable
The TT (short for Trade Terminal) value of any item is a set number based on Mindark's settings. For example a beginner rifle is 3.80 peds max TT value.
When you use that gun, it "decays" or goes down in actual TT value from its max. The avg. TT amount of loot you get from hunting with that gun can be around 80-95% of the decay+ammo you spend. Obviously Mindark gets to keep that left over "decay" spent. You could TT (sell back to Mindark) that loot and get TT value, and withdraw that amount.
However, imagine during your hunt you find a piece of armor with 20 peds TT value. Folks who want that piece of armor may be willing to pay you the TT amount plus an extra 80 peds. Now you're 80 peds richer than had you just TT'd them.
It's the market value that can be so important. And this market value is paid for by other players, not by Mindark.
So since TT value never surpasses total decay spent, Mindark can never lose.
In the case of land areas, such as Crystal Palace, the owner gets a percentage of the TT value of all loot created on their land. But folks are willing to risk a 4% lower TT vlaue in their loot because they are looking for items they can sell for much more than that.
It's amazing to me all the ignorant things people say when they really have a minimal knowledge of what they are talking about, you know who you are, most likely the ones with the loudest most unproductive comments.
That being said, there is opportunity in Entropia Universe, the same way there is opportunity in real life. Just like in real life though, you cant just sit around and wait for money, success and fame to fall in your lap, you have to work...
Entropia is a scam? You lost all your money? well maybe you shouldnt just spend wildly, take it slow, pay attention to the micro economy you've become involved in. You think if everyone made money by just shooting a bunch of creatures here that there would be any success? I started playing Entropia Universe in August of 2008, well under this supposed 3 year mark people are spouting off about. I have never deposited money, and my in game assets are worth a few K US dollars now. How did i do it? by being creative, assessing my envrionment, and conducting myself accordingly. The same way you do in real life to succeed...
If your just a gamer that likes to hit the shoot button, this might not be your thing, but if your business minded or just relatively intelligent, and enjoy MMORPG's, then this is an environment for your to flourish in. If your curious, try it out, if not, dont discourage others from trying just because you racked up a bunch of credit card debt from your ignorant approach.
I do agree that EU has a huge graphic demand, and that is fair to say on your part of course. My comment was more directed at people slandering and calling it a scam, your comments against EU were productive and informative
I do agree that EU has a huge graphic demand, and that is fair to say on your part of course. My comment was more directed at people slandering and calling it a scam, your comments against EU were productive and informative
yep i love the idea of this game its a great concept,and there should be ton of diff planet soon(diff game in the game)
i sure wish they work out the kink in the future.we ll see maybe the other planet will play smoother once they lunch
Comments
new engine this year
So far I know of two games with the same concept, Second Life and Afterworld.. I may be mistaken as I have not been in there recently but they both look very antique.
If Blizzard, EA, or M$ someday started a game of this kind, I would really be worried.. strange is that it has not happened yet. Maybe its matter of tact (which I doubt, sceptical as I am about big companies intentions), or maybe it is they have not yet figured any better system. I am sure tho that this kind of real money gaming has a future.. why else would there be ebay for wow accounts or wellknown real fights in japan for virtual items etc?
http://www.planetcalypso.com/home/
heres the proof the op asked its the first topic
we need more crazy people like him in this planet
People call him stupid. I call him a trailblazer. He's just someone with bigger balls than all of us. Good game sir. Good game.
I know plenty of retired folk with less than a million dollars worth of savings; and they are doing just fine. If you invest a million dollars wisely, you can indeed "live off of it" for life. I have a family member right now that has been living off of her slightly-more-than-a-million dollar estate for the past two decades, reaping small dividends from stocks she owns and living off that and the interest she accumulates from various CDs and bonds.
You *can* indeed live off of a million dollars; indeed, many people in the developing world (MOST of the world's population) will never, ever know that kind of wealth in their entire lifetime.
If you can't live better than in a trailor park off a million dollars and you can only do it for 15 years, you're doing something wrong - you're not letting your money work for you, you're obviously just blowing it. In that case, yes, it won't last long and it won't mean much. Give a smart man a million dollars (Hell, even less) and he'll never have to work again another day in his life. It is possible to live very well, and very cheaply.
There's truth in that. Throw it in a trust and live simply, don't acrue debt and one can be fine.
For the record, my comfort zone is 2 million though ; )
Godfred's Tomb Trailer: https://youtu.be/-nsXGddj_4w
Original Skyrim: https://www.nexusmods.com/skyrim/mods/109547
Serph toze kindly has started a walk-through. https://youtu.be/UIelCK-lldo
hehe had to check that from urban dictionary as i'm not angloamerican by birth
spot on
i have played this game off and on since beta,my friends and i have cashed out over 20k usd proffit. Money can be made. what you guys are not hitting on here is Buzz is one of if not the top crafter in the game and is constantly making money and has for years, it would not surprise me if he did not have to put in one cent to pay that 330,000 peds. I have talked to Buzz several times and this is a buisness to him,not just a game. there are several other hard core crafters that feel the exact same way. its a buisness. Never die made his 100k investment back in under a year.
there are several people now that have entered the game never put a dime in and have made decent money. It's like playing a slot machine with skill. When you know where to go and what to do in game and when to do it. you can make money.
played M59,UO,lineage,EQ,Daoc,Entropia,SWG,Horizons,Lineage2.EQ2,Vangaurd,Irth online, DarkFall,Star Trek
and many others that did not make the cut or i just plain forgetting about.
First off, I'd like to say Congratulations to Buzz on his great purchase. He's worked long and hard in this game crafting and hunting and has done very well for himself.
As for Entropia, having played for the past 3+ years, here's my basic thoughts:
Is it fun? yep.
Can you make money? Yep.
Can you lose money? Yep.
So what's the thing that keeps me here? Simply the fact that this is one of the few games that I can spend years playing, at the budget I decide on, (I've averaged $50/month for many, many hours of fun) and the worst that can happen is when I'm done, I can sell everything and get even a partial rebate on my entertainment money.
They want a few % in withdraw fees? They can have it. I simply can't get a rebate going to the movies. (Unless I cheat the manager by complaining loudly about something trivial, and that's just rude and dishonest.)
Happy hoffing
"Physically ill"? The wealth in the world is not a zero sum game. In other words, simply because some have a great deal of wealth, doesn't translate to others being unable to gain their own wealth. Socialism rests on appeals to emotion and class warfare, to gain and maintain the power of The Party over its subject population. Even though EU isn't my type of game(I set a limit of $100 dollars on my stay there), there are obviously those who do enjoy it. To each their own <shrug>
I'm sorry but to those that earn money in a honest manner and then want to try to "invest" which in essence is what this guy did I have no issues. Crappy game yes but its everyone's right to spend as they see fit. I have no interest in a socialist system that knocks everyone down to the same lvl instead of letting those that work hard reap their rewards. I'm not well off by any means but if one of my stock investments nets me millions I think its my right to spend said funds anyway I like even if its on virtual property lol(I would never do what this guy did).
Sorry, but what you're describing is a communist system, not a socialist system. People have gotten, and do get, fabulously wealthy in socialist systems.
Thats rather difficult to do, since the typical tax rate on such amounts is 80% plus in many socialist countries. Not impossible, but difficult. But of course, those who are that productive have long since left such countries, or arranged it so their income is earned in other countries.
Ok can someone try to anwser these questions:
Players invest a certain amount of real money hoping to make a profit and when they do, they invest some of that profit back into the game. But what happens if people start making more than the game can actually generate?
I know they put up a limit to how much a person can withdraw from the game each day or week but... Where is all that money coming from? I'm sure people aren't actually investing that much money into the game, right? So does Entropia have the actual monetary to back up every player's actual worth?
In 'games' like Entropia you get very little, if not nothing, from in game activities. You only get the game money you need to advance your characters from selling the resources you gather to players or buying from the game companies.
Since the game doesn't let you get any meaningful game monies in the worst case the game companies will only cough up all the profits they have banked when players redeem for real money. But will they? Hackers always strike. You always find rich players getting hacked by mysterious strangers and the game companies always tell you they are not responsible for your loss of 700 billion game money.
What if players all decide to redeem before the companies find a way to cover their asses? Well... ask Bernard Madoff.
The economy in Entropia is a two-part system.
The TT (short for Trade Terminal) value of any item is a set number based on Mindark's settings. For example a beginner rifle is 3.80 peds max TT value.
When you use that gun, it "decays" or goes down in actual TT value from its max. The avg. TT amount of loot you get from hunting with that gun can be around 80-95% of the decay+ammo you spend. Obviously Mindark gets to keep that left over "decay" spent. You could TT (sell back to Mindark) that loot and get TT value, and withdraw that amount.
However, imagine during your hunt you find a piece of armor with 20 peds TT value. Folks who want that piece of armor may be willing to pay you the TT amount plus an extra 80 peds. Now you're 80 peds richer than had you just TT'd them.
It's the market value that can be so important. And this market value is paid for by other players, not by Mindark.
So since TT value never surpasses total decay spent, Mindark can never lose.
In the case of land areas, such as Crystal Palace, the owner gets a percentage of the TT value of all loot created on their land. But folks are willing to risk a 4% lower TT vlaue in their loot because they are looking for items they can sell for much more than that.
Happy hoffing
from what i heard if you put the same amount of money you put in say wow.entropia universe player can make a ton.
but like all mmo you got to invest some to win some
its like a lottery ticket you cannot win if you dont buy the ticket!
It's amazing to me all the ignorant things people say when they really have a minimal knowledge of what they are talking about, you know who you are, most likely the ones with the loudest most unproductive comments.
That being said, there is opportunity in Entropia Universe, the same way there is opportunity in real life. Just like in real life though, you cant just sit around and wait for money, success and fame to fall in your lap, you have to work...
Entropia is a scam? You lost all your money? well maybe you shouldnt just spend wildly, take it slow, pay attention to the micro economy you've become involved in. You think if everyone made money by just shooting a bunch of creatures here that there would be any success? I started playing Entropia Universe in August of 2008, well under this supposed 3 year mark people are spouting off about. I have never deposited money, and my in game assets are worth a few K US dollars now. How did i do it? by being creative, assessing my envrionment, and conducting myself accordingly. The same way you do in real life to succeed...
If your just a gamer that likes to hit the shoot button, this might not be your thing, but if your business minded or just relatively intelligent, and enjoy MMORPG's, then this is an environment for your to flourish in. If your curious, try it out, if not, dont discourage others from trying just because you racked up a bunch of credit card debt from your ignorant approach.
mecu this game flaw in my book isnt the economy etc.the bigesst issue are glitch unresponsive in game control feature ,lag
and when you think its a real money game ,im sorry but it has to work no excuse from dev. like sorry i had to go to the restroom or whatsnot.
i tried it and i had too many issue with the game itself to ever really reach speaking to my first npc.
i sure as he am not the only player in that boat.this is the biggest flaw of this game in book.
buggy game !i wanted to enjoy it but my computer didnt seem to like it.and when i cant play an mmo
it means the game is unplayable and its not because it isnt shiny enough lol
im playing earth eternal right now its in beta and it run 100 % smoother then entropia universe
I do agree that EU has a huge graphic demand, and that is fair to say on your part of course. My comment was more directed at people slandering and calling it a scam, your comments against EU were productive and informative
yep i love the idea of this game its a great concept,and there should be ton of diff planet soon(diff game in the game)
i sure wish they work out the kink in the future.we ll see maybe the other planet will play smoother once they lunch