"Doing your homework" simply means Kickstarter is something that is not sustainable. People who invest money into projects have a certain expectation that those projects are viable and that they're not just throwing their money away.
When that trust is tarnished, and it continuously is tarnished, people will no longer be willing to support Kickstarter. Currently the gaming industry is a wild wild west, it's a phase that won't last.
"OMG I bought OTC stock in a company that promised to release a miracle drug in the U.S., then they went bankrupt and I lost all my money I invested. OH NOOO WHY DOESN'T THE GOVERNMENT DO SOMETHING!!!!"
It happens, it's called rick versus reward. It's legal. So if it happens in actual markets for public companies, then guess what? It can happen in Kickstarter.
Like I used to tell all new day traders: DO YOUR HOMEWORK. Due Diligence. In other words as it applies to Kickstarter, only back projects with substantial concepts, prototypes, & personnel.
OP seeems to want someone else to "weed out "bad" projects" but he fails to see that he already has that and theyre called publishers/banks/investors and reason why KS was born in the first place.
So doing what OP suggest would defeat purpose of KS.
Also we should proclaim lottery a scam...i mean...i paid some money, they promised i can get millions....they pulled some numbers out....i got nada....SCAM!
So people can't have a say in how the system might be improved or simply to tell others to be wary of ks projects? ok.
Kyleran: "Now there's the real trick, learning to accept and enjoy a game for what
it offers rather than pass on what might be a great playing experience
because it lacks a few features you prefer."
John Henry Newman: "A man would do nothing if he waited until he could do it so well that no one could find fault."
FreddyNoNose: "A good game needs no defense; a bad game has no defense." "Easily digested content is just as easily forgotten."
LacedOpium: "So the question that begs to be asked is, if you are not interested in
the game mechanics that define the MMORPG genre, then why are you
playing an MMORPG?"
Here's a good article. Kickstarter game funding in 2014 dropped to half of that of 2013. People being skeptical about projects is mentiond as one of the reasons.
They aren't really investments, they are considered a donation or if you want to call it a pre purchase to obtain a product. Investment is if you are giving/loaning money to make money back in the end.
Kickstarter is not a donation. You may purchase something from a project creator in order to help him out, but if you're promised valuable good in exchange for your money then that's not a donation. Donation is act of giving away without return consideration. Kickstarter with all its rewards is not donation.
Yes it is, there is no contract they have to fulfill what was "promised" so there is nothing else to describe it besides a donation. You donate money and get a reward, its that simple.
Donation is a gift given without return consideration. Giving another person money in exchange for him trying to use the money to make something for you is not a donation.
Kickstarter is a bit hard to classify, but whatever it is it's not a donation.
PS. If "You donate money and get a reward" would make something a donation, then I'd totally start donating my money to shops and getting the products I've chosen as a reward.
companies get all sort of tax deductions for making donations to charity (thats primarly why lot of them do it in the first place)
And people who get all sort of media attention for their charity "donations" (aka self promotion) also go to that bin
So yeah, all sort and variety of "donations" are being rewarded in variety of ways.
None of the things you listed are given by person who receives the donation.
We do gain things when making a donation. We get tax deductions, we can also use donations to gain publicity and goodwill, and if nothing else doing good makes us feel good.
But if we gain a promise that the recipient of our "donation" gives or tries to give something of equal value to our donation back then it's not a donation any more.
I definitely think if you lose money to a KS its your fault. KS isnt a fast talking salesman trying to scam you out of money on the spot, its a website. You have ample time to do research and determine if this is a worthwhile investment. But heres an idea: wait until the project is finished to buy the product. If it turns out to be a scam you just avoided a bullet, if it actually works out, just buy it then, nothing to lose.
Here's a good article. Kickstarter game funding in 2014 dropped to half of that of 2013. People being skeptical about projects is mentiond as one of the reasons.
Kyleran: "Now there's the real trick, learning to accept and enjoy a game for what
it offers rather than pass on what might be a great playing experience
because it lacks a few features you prefer."
John Henry Newman: "A man would do nothing if he waited until he could do it so well that no one could find fault."
FreddyNoNose: "A good game needs no defense; a bad game has no defense." "Easily digested content is just as easily forgotten."
LacedOpium: "So the question that begs to be asked is, if you are not interested in
the game mechanics that define the MMORPG genre, then why are you
playing an MMORPG?"
"OMG I bought OTC stock in a company that promised to release a miracle drug in the U.S., then they went bankrupt and I lost all my money I invested. OH NOOO WHY DOESN'T THE GOVERNMENT DO SOMETHING!!!!"
It happens, it's called rick versus reward. It's legal. So if it happens in actual markets for public companies, then guess what? It can happen in Kickstarter.
Like I used to tell all new day traders: DO YOUR HOMEWORK. Due Diligence. In other words as it applies to Kickstarter, only back projects with substantial concepts, prototypes, & personnel.
OP seeems to want someone else to "weed out "bad" projects" but he fails to see that he already has that and theyre called publishers/banks/investors and reason why KS was born in the first place.
So doing what OP suggest would defeat purpose of KS.
Also we should proclaim lottery a scam...i mean...i paid some money, they promised i can get millions....they pulled some numbers out....i got nada....SCAM!
So people can't have a say in how the system might be improved or simply to tell others to be wary of ks projects? ok.
Of course you should be wary of KS projects. It seems that people that are wary of KS projects are happy with KS, those who would throw money away on something like OP linked...welllll....they deserved that really.
"OMG I bought OTC stock in a company that promised to release a miracle drug in the U.S., then they went bankrupt and I lost all my money I invested. OH NOOO WHY DOESN'T THE GOVERNMENT DO SOMETHING!!!!"
It happens, it's called rick versus reward. It's legal. So if it happens in actual markets for public companies, then guess what? It can happen in Kickstarter.
Like I used to tell all new day traders: DO YOUR HOMEWORK. Due Diligence. In other words as it applies to Kickstarter, only back projects with substantial concepts, prototypes, & personnel.
OP seeems to want someone else to "weed out "bad" projects" but he fails to see that he already has that and theyre called publishers/banks/investors and reason why KS was born in the first place.
So doing what OP suggest would defeat purpose of KS.
Also we should proclaim lottery a scam...i mean...i paid some money, they promised i can get millions....they pulled some numbers out....i got nada....SCAM!
So people can't have a say in how the system might be improved or simply to tell others to be wary of ks projects? ok.
Of course you should be wary of KS projects. It seems that people that are wary of KS projects are happy with KS, those who would throw money away on something like OP linked...welllll....they deserved that really.
Kyleran: "Now there's the real trick, learning to accept and enjoy a game for what
it offers rather than pass on what might be a great playing experience
because it lacks a few features you prefer."
John Henry Newman: "A man would do nothing if he waited until he could do it so well that no one could find fault."
FreddyNoNose: "A good game needs no defense; a bad game has no defense." "Easily digested content is just as easily forgotten."
LacedOpium: "So the question that begs to be asked is, if you are not interested in
the game mechanics that define the MMORPG genre, then why are you
playing an MMORPG?"
They aren't really investments, they are considered a donation or if you want to call it a pre purchase to obtain a product. Investment is if you are giving/loaning money to make money back in the end.
Kickstarter is not a donation. You may purchase something from a project creator in order to help him out, but if you're promised valuable good in exchange for your money then that's not a donation. Donation is act of giving away without return consideration. Kickstarter with all its rewards is not donation.
Yes it is, there is no contract they have to fulfill what was "promised" so there is nothing else to describe it besides a donation. You donate money and get a reward, its that simple.
Donation is a gift given without return consideration. Giving another person money in exchange for him trying to use the money to make something for you is not a donation.
Kickstarter is a bit hard to classify, but whatever it is it's not a donation.
PS. If "You donate money and get a reward" would make something a donation, then I'd totally start donating my money to shops and getting the products I've chosen as a reward.
companies get all sort of tax deductions for making donations to charity (thats primarly why lot of them do it in the first place)
And people who get all sort of media attention for their charity "donations" (aka self promotion) also go to that bin
So yeah, all sort and variety of "donations" are being rewarded in variety of ways.
None of the things you listed are given by person who receives the donation.
We do gain things when making a donation. We get tax deductions, we can also use donations to gain publicity and goodwill, and if nothing else doing good makes us feel good.
But if we gain a promise that the recipient of our "donation" gives or tries to give something of equal value to our donation back then it's not a donation any more.
i got a card saying "thank you" from person i made donation to. Youre now saying its not a donation any more?
Youre saying that "in game monument" or "mentioned in credits" is worth 5k$?
And who decides what is "equal value"? You? rofl
Its a donation, and mistake people make (you included) is to proclaim it "investement" and actually expect something in return.
Because you see, when company makes donation to get tax reduction its still called donation, doesnt really matter who or what gives what.
The guy that donated money to build that hospital wing and had it named after him also had a "promised reward" from exact same people to whom he donated money.
"OMG I bought OTC stock in a company that promised to release a miracle drug in the U.S., then they went bankrupt and I lost all my money I invested. OH NOOO WHY DOESN'T THE GOVERNMENT DO SOMETHING!!!!"
It happens, it's called rick versus reward. It's legal. So if it happens in actual markets for public companies, then guess what? It can happen in Kickstarter.
Like I used to tell all new day traders: DO YOUR HOMEWORK. Due Diligence. In other words as it applies to Kickstarter, only back projects with substantial concepts, prototypes, & personnel.
OP seeems to want someone else to "weed out "bad" projects" but he fails to see that he already has that and theyre called publishers/banks/investors and reason why KS was born in the first place.
So doing what OP suggest would defeat purpose of KS.
Also we should proclaim lottery a scam...i mean...i paid some money, they promised i can get millions....they pulled some numbers out....i got nada....SCAM!
So people can't have a say in how the system might be improved or simply to tell others to be wary of ks projects? ok.
Of course you should be wary of KS projects. It seems that people that are wary of KS projects are happy with KS, those who would throw money away on something like OP linked...welllll....they deserved that really.
Same with bridges....dont buy one, trust me.
I don't think I would buy anything from you kid.
You sound like youre in market for bridges. I can set you up.
I prefer to live in a society where we're given the freedom to choose for ourselves whether make those decisions.
Let me use that example and use it for a costlier object like a car.
You go to a car dealer, you buy a $40,000 car.
The car dealership never gives you the car.
You go to the cops...instead of the cops doing something about it......the cops tell you....
"I prefer to live in a society where we're given the freedom to choose for ourselves whether make those decisions. "
You're telling me that is a good society?
Your not BUYING anything... THAT's what people don't understand about KS.
It's a Micro-investment site. Your GIVING people money so they can start a project.
It would be like loaning someone money when they tell you they have an idea for a buisness.
If it works out you'll prolly get your moneys worth and then some.... but most liekly they will start something up, it'll suck, they'll go broke and you'll never see a nickle....
It happens everyday to lots of people. That's how the thing works.... Besides that's why projects go to KS anyway... Their idea is too un-formed and they don't have the backing or the collateral to get money from a bank or real investors. If they did... they wouldn't need to KS.
The site is full of hair-brained shemes, dreamers, and starving artists. 80% of the projects on their are TERRIBLE projects. You need to do YOUR homework. Like any other investment.
But thats why its awesome, and its worth for that 20%, because without KS those 20% wouldnt exist. You just have to make sure youre (as much as possible) youre not backing one of those 80%.
(Happily backed multiple 20%-ers to nothing but my and other backers delight)
I agree.... Hence the CU avatar. I'm just saying you have to make sure the people who are saying they are going to make you something awesome areacutally capable and willing to do so.
protection? Kickstarter is not an investment. it gives you a chance to risk some amount of your money, by trusting it to some others so what you want turn into reality.
Investment: the action or process of investing money for profit or material result.
Hence: Harry invested in a Kickstarter project in hopes of having the game HE wants to play made. He invested $20 into Divinity: Original Sin by Larian Studios. In return he was rewarded with the ability to purchase the game and mod tools promised by the devs when they reached their goal. He invested in hopes to get a ROI, return on investment. In his case the return is the abiltiy to purchase the game HE wants to play, not the game EA wants him to play. According to EVERY economic professor I know, that is by definition an investment of a strict non-financial nature.
You can try to twist the word all you want. Fact is fact. You are never garunteed an expected outcome. That's why it's called "investing" and not "buying"
As per dictionary definition. Seems like some of you do not even know what the definition is, how are you expected to make any form of logical debate? LOL
protection? Kickstarter is not an investment. it gives you a chance to risk some amount of your money, by trusting it to some others so what you want turn into reality.
Investment: the action or process of investing money for profit or material result.
Hence: Harry invested in a Kickstarter project in hopes of having the game HE wants to play made. He invested $20 into Divinity: Original Sin by Larian Studios. In return he was rewarded with the ability to purchase the game and mod tools promised by the devs when they reached their goal. He invested in hopes to get a ROI, return on investment. In his case the return is the abiltiy to purchase the game HE wants to play, not the game EA wants him to play. According to EVERY economic professor I know, that is by definition an investment.
You can try to twist the word all you want. Fact is fact. You are never garunteed an expected outcome. That's why it's called "investing" and not "buying"
As per dictionary definition. Seems like some of you do not even know what the definition is, how are you expected to make any form of logical debate? LOL
Yet when you read the definition of donate it fits as well...
To fund or contribute...
For every minute you are angry , you lose 60 seconds of happiness."-Emerson
protection? Kickstarter is not an investment. it gives you a chance to risk some amount of your money, by trusting it to some others so what you want turn into reality.
Investment: the action or process of investing money for profit or material result.
Hence: Harry invested in a Kickstarter project in hopes of having the game HE wants to play made. He invested $20 into Divinity: Original Sin by Larian Studios. In return he was rewarded with the ability to purchase the game and mod tools promised by the devs when they reached their goal. He invested in hopes to get a ROI, return on investment. In his case the return is the abiltiy to purchase the game HE wants to play, not the game EA wants him to play. According to EVERY economic professor I know, that is by definition an investment.
You can try to twist the word all you want. Fact is fact. You are never garunteed an expected outcome. That's why it's called "investing" and not "buying"
As per dictionary definition. Seems like some of you do not even know what the definition is, how are you expected to make any form of logical debate? LOL
Yet when you read the definition of donate it fits as well...
To fund or contribute...
Uhm no.
Donation: is a gift given by physical or legal persons, typically for charitable purposes and/or to benefit a cause.
Gift: or a present is an item given to someone without the expectation of payment.
Simply because I enjoy proving people wrong. Enjoy
I agree with the Op's title. Kickstarter does very little to protect it's investors. And it doesn't have to. That's how these investments work. No one protects people when they lose all their money in the stock markets due to bad decisions. That's the weay the world works boys & girls.
protection? Kickstarter is not an investment. it gives you a chance to risk some amount of your money, by trusting it to some others so what you want turn into reality.
Investment: the action or process of investing money for profit or material result.
Hence: Harry invested in a Kickstarter project in hopes of having the game HE wants to play made. He invested $20 into Divinity: Original Sin by Larian Studios. In return he was rewarded with the ability to purchase the game and mod tools promised by the devs when they reached their goal. He invested in hopes to get a ROI, return on investment. In his case the return is the abiltiy to purchase the game HE wants to play, not the game EA wants him to play. According to EVERY economic professor I know, that is by definition an investment of a strict non-financial nature.
You can try to twist the word all you want. Fact is fact. You are never garunteed an expected outcome. That's why it's called "investing" and not "buying"
As per dictionary definition. Seems like some of you do not even know what the definition is, how are you expected to make any form of logical debate? LOL
Actually it doesnt work that way, you donate 20$ (you dont purchase anything, you just give them money no strings attached) and as a thank you you get a copy of the game (if its ever made)
For all intents and purposes its a donation
problem arises when people start considering it investement. It clearly says donation and not investement with all the differences and similarities there are between the two.
Originally posted by Greteldaprotection? Kickstarter is not an investment. it gives you a chance to risk some amount of your money, by trusting it to some others so what you want turn into reality.
Investment: the action or process of investing money for profit or material result.Hence: Harry invested in a Kickstarter project in hopes of having the game HE wants to play made. He invested $20 into Divinity: Original Sin by Larian Studios. In return he was rewarded with the ability to purchase the game and mod tools promised by the devs when they reached their goal. He invested in hopes to get a ROI, return on investment. In his case the return is the abiltiy to purchase the game HE wants to play, not the game EA wants him to play. According to EVERY economic professor I know, that is by definition an investment. You can try to twist the word all you want. Fact is fact. You are never garunteed an expected outcome. That's why it's called "investing" and not "buying"As per dictionary definition. Seems like some of you do not even know what the definition is, how are you expected to make any form of logical debate? LOL
Yet when you read the definition of donate it fits as well...To fund or contribute...
Uhm no.Donation: is a gift given by physical or legal persons, typically for charitable purposes and/or to benefit a cause. Gift: or a present is an item given to someone without the expectation of payment. Simply because I enjoy proving people wrong. Enjoy I agree with the Op's title. Kickstarter does very little to protect it's investors. And it doesn't have to. That's how these investments work. No one protects people when they lose all their money in the stock markets due to bad decisions. That's the weay the world works boys & girls.
Again, it fits... An instance of presenting something as gift, grant or contribution. notice the "OR"
OR if we go by the British definition, A contribution...
For every minute you are angry , you lose 60 seconds of happiness."-Emerson
-He has nothing to show for. Doesn't use his full name, just "Tom".
-He STOLE the picture from someone else.
-It's been up for 20 days, in that time, Kickstarer has done nothing.
People have asked Kickstarter to take this project down, they have done didly squat.
This is why I never back Kickstarter projects. As long as backers get no protection, this site is a scam.
Some people might say "Oh but he hasn't made any money yet". That doesn't make it any less of a scam, the mere fact Kickstarter doesn't do anything to stop this, doesn't check at all who is on their site and does nothing to protect their backers, speaks volumes about how horrible that site is.
If you're so concerned about it then why don't YOU do something about it? Find the person that they stole the picture from and tell them so that they can send the scammer a "cease and desist" order. Better yet, start an online petition to have Kickstarter shut down altogether. That way no one will ever be scammed through them again and the world will be a better place.
I've got a feevah, and the only prescription... is more cowbell.
This whole thread would have been more effective if you had actually found an example with at least one donor - then you'd have an example of at least one donor who needs protecting.
This scammer hasn't even figured out that you can make a few "self-donations" to get the ball rolling. Too obvious a scam...
I have bought a few early access games on Steam that I'm very happy with -- I could see what I was getting... but I have never nor will I ever back a KS project. I guess I'm just too old fashioned to buy goods that are years away from delivery. I much prefer traditional transactions where I see what I'm getting and based on that, I decide to buy it or not.
I even have a hard time buying a new house based on a display model... did it once, and regretted it when I had to spend months getting the builder to correct all the deficiencies.
I'm leary of even the seemingly honest KS projects.
"Social media gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community ... but now they have the same right to speak as a Nobel Prize winner. It's the invasion of the idiots”
― Umberto Eco
“Microtransactions? In a single player role-playing game? Are you nuts?” ― CD PROJEKT RED
protection? Kickstarter is not an investment. it gives you a chance to risk some amount of your money, by trusting it to some others so what you want turn into reality.
Investment: the action or process of investing money for profit or material result.
Hence: Harry invested in a Kickstarter project in hopes of having the game HE wants to play made. He invested $20 into Divinity: Original Sin by Larian Studios. In return he was rewarded with the ability to purchase the game and mod tools promised by the devs when they reached their goal. He invested in hopes to get a ROI, return on investment. In his case the return is the abiltiy to purchase the game HE wants to play, not the game EA wants him to play. According to EVERY economic professor I know, that is by definition an investment of a strict non-financial nature.
You can try to twist the word all you want. Fact is fact. You are never garunteed an expected outcome. That's why it's called "investing" and not "buying"
As per dictionary definition. Seems like some of you do not even know what the definition is, how are you expected to make any form of logical debate? LOL
Actually it doesnt work that way, you donate 20$ (you dont purchase anything, you just give them money no strings attached) and as a thank you you get a copy of the game (if its ever made)
For all intents and purposes its a donation
problem arises when people start considering it investement. It clearly says donation and not investement with all the differences and similarities there are between the two.
No. Problem arises when people aren't smart enough to determine that an investment in NO WAY GARUNTEES the desired expectation. That's the difference between "investing" and "buying"
For example, a man invested in an OTC stock in a public company. The company decided it did NOT want to make their product and filed for ch11 bankruptcy. All investors lost their money. Did that man "donate" money? No, he invested it, and he loss. That's an actual example. Ask any stock trader about the OTC markets.
What's the difference? English isn't even my first language and even I can figure it out. I know a whole team of lawyers that wish you people served for jury duty since u do not know the difference between a gift and an investment, lol. PLEASE PLEASE sign up for jury duty in the NYC area.
Kickstarter can call it a donation, a gift, a pledge, a hail mary, whatever. According to their LEGAL FILINGS they are sanctioned in the U.S as a micro-investment company. Nothing any of you can say will change that. And according to law Kickstarter has to be VERY careful about their wording, which is why in their FAQ they state it as a "pledge" because the word, according to law, still has a contractual agreement tied to it.
Which leads me to the most important point of this topic. I agree with the OP's title, Kickstarter should do more to protect its customers who've pledged.
You people should be more upset at pre-orders and DLC. Now that is a grey-area crime and yet people still keep pre-ordering broken games.
Why is pre-order a different & worse breed? Because a pre-order is not an investment, it is a contractual agreement for purchase. And most times you are definitely NOT getting what you purchased. That's why the U.S had to create the lemon law to protect car buyers. Hopefully we can get a similar law for videogames.
I do firmly believe that the consumer is in some ways responsible. Do your due diligence. Do your research. Don't get me wrong, Kickstarter has some responsibility to hold - they get money from projects funding after all - but ultimately, it is your money. You make the choice as to whether or not to back a project.
Two.
Backing any project on kickstarter should be seen as a risk. No different than investing. No different than donating. It is very possible that despite me donating to a cause, it could fail. When you invest in something, it is very possible to lose. As a consumer, understand that projects you are interested in backing could fail. Do your due diligence. Do your research. Maintain realistic expectations. This won't prevent you from investing in projects destined to fail, but it should improve your odds of "winning" the kickstarter game.
I do firmly believe that the consumer is in some ways responsible. Do your due diligence. Do your research. Don't get me wrong, Kickstarter has some responsibility to hold - they get money from projects funding after all - but ultimately, it is your money. You make the choice as to whether or not to back a project.
Two.
Backing any project on kickstarter should be seen as a risk. No different than investing. No different than donating. It is very possible that despite me donating to a cause, it could fail. When you invest in something, it is very possible to lose. As a consumer, understand that projects you are interested in backing could fail. Do your due diligence. Do your research. Maintain realistic expectations. This won't prevent you from investing in projects destined to fail, but it should improve your odds of "winning" the kickstarter game.
I have gone into every one of these knowing I am accepting all of the risk, and I am okay with that. If you are not move along. The fact this guy has made nothing shows backers are not as stupid as you think.
I'm locking this since the original discussion is a bit borderline, a person's picture, full name, and private were posted here, and then there were also many posts attacking the OP and others. It's just a bit too much of a mess, and we've had crowdfunding discussions that didn't devolve like this.
To give feedback on moderation, contact mikeb@mmorpg.com
Comments
"Doing your homework" simply means Kickstarter is something that is not sustainable. People who invest money into projects have a certain expectation that those projects are viable and that they're not just throwing their money away.
When that trust is tarnished, and it continuously is tarnished, people will no longer be willing to support Kickstarter. Currently the gaming industry is a wild wild west, it's a phase that won't last.
So people can't have a say in how the system might be improved or simply to tell others to be wary of ks projects? ok.
Epic Music: https://www.youtube.com/watch?v=vAigCvelkhQ&list=PLo9FRw1AkDuQLEz7Gvvaz3ideB2NpFtT1
https://archive.org/details/softwarelibrary_msdos?&sort=-downloads&page=1
Kyleran: "Now there's the real trick, learning to accept and enjoy a game for what it offers rather than pass on what might be a great playing experience because it lacks a few features you prefer."
John Henry Newman: "A man would do nothing if he waited until he could do it so well that no one could find fault."
FreddyNoNose: "A good game needs no defense; a bad game has no defense." "Easily digested content is just as easily forgotten."
LacedOpium: "So the question that begs to be asked is, if you are not interested in the game mechanics that define the MMORPG genre, then why are you playing an MMORPG?"
Here's a good article. Kickstarter game funding in 2014 dropped to half of that of 2013. People being skeptical about projects is mentiond as one of the reasons.
http://www.gameinformer.com/b/news/archive/2014/10/02/kickstarter-game-funding-down-dramatically-in-2014.aspx
None of the things you listed are given by person who receives the donation.
We do gain things when making a donation. We get tax deductions, we can also use donations to gain publicity and goodwill, and if nothing else doing good makes us feel good.
But if we gain a promise that the recipient of our "donation" gives or tries to give something of equal value to our donation back then it's not a donation any more.
Nice link!
Epic Music: https://www.youtube.com/watch?v=vAigCvelkhQ&list=PLo9FRw1AkDuQLEz7Gvvaz3ideB2NpFtT1
https://archive.org/details/softwarelibrary_msdos?&sort=-downloads&page=1
Kyleran: "Now there's the real trick, learning to accept and enjoy a game for what it offers rather than pass on what might be a great playing experience because it lacks a few features you prefer."
John Henry Newman: "A man would do nothing if he waited until he could do it so well that no one could find fault."
FreddyNoNose: "A good game needs no defense; a bad game has no defense." "Easily digested content is just as easily forgotten."
LacedOpium: "So the question that begs to be asked is, if you are not interested in the game mechanics that define the MMORPG genre, then why are you playing an MMORPG?"
Of course you should be wary of KS projects. It seems that people that are wary of KS projects are happy with KS, those who would throw money away on something like OP linked...welllll....they deserved that really.
Same with bridges....dont buy one, trust me.
I don't think I would buy anything from you kid.
Epic Music: https://www.youtube.com/watch?v=vAigCvelkhQ&list=PLo9FRw1AkDuQLEz7Gvvaz3ideB2NpFtT1
https://archive.org/details/softwarelibrary_msdos?&sort=-downloads&page=1
Kyleran: "Now there's the real trick, learning to accept and enjoy a game for what it offers rather than pass on what might be a great playing experience because it lacks a few features you prefer."
John Henry Newman: "A man would do nothing if he waited until he could do it so well that no one could find fault."
FreddyNoNose: "A good game needs no defense; a bad game has no defense." "Easily digested content is just as easily forgotten."
LacedOpium: "So the question that begs to be asked is, if you are not interested in the game mechanics that define the MMORPG genre, then why are you playing an MMORPG?"
Sounds like the OP has NO CLUE how Kickstarter actually works.
i got a card saying "thank you" from person i made donation to. Youre now saying its not a donation any more?
Youre saying that "in game monument" or "mentioned in credits" is worth 5k$?
And who decides what is "equal value"? You? rofl
Its a donation, and mistake people make (you included) is to proclaim it "investement" and actually expect something in return.
Because you see, when company makes donation to get tax reduction its still called donation, doesnt really matter who or what gives what.
The guy that donated money to build that hospital wing and had it named after him also had a "promised reward" from exact same people to whom he donated money.
You sound like youre in market for bridges. I can set you up.
I agree.... Hence the CU avatar. I'm just saying you have to make sure the people who are saying they are going to make you something awesome areacutally capable and willing to do so.
Investment: the action or process of investing money for profit or material result.
Hence: Harry invested in a Kickstarter project in hopes of having the game HE wants to play made. He invested $20 into Divinity: Original Sin by Larian Studios. In return he was rewarded with the ability to purchase the game and mod tools promised by the devs when they reached their goal. He invested in hopes to get a ROI, return on investment. In his case the return is the abiltiy to purchase the game HE wants to play, not the game EA wants him to play. According to EVERY economic professor I know, that is by definition an investment of a strict non-financial nature.
You can try to twist the word all you want. Fact is fact. You are never garunteed an expected outcome. That's why it's called "investing" and not "buying"
As per dictionary definition. Seems like some of you do not even know what the definition is, how are you expected to make any form of logical debate? LOL
Yet when you read the definition of donate it fits as well...
To fund or contribute...
For every minute you are angry , you lose 60 seconds of happiness."-Emerson
Uhm no.
Donation: is a gift given by physical or legal persons, typically for charitable purposes and/or to benefit a cause.
Gift: or a present is an item given to someone without the expectation of payment.
Simply because I enjoy proving people wrong. Enjoy
I agree with the Op's title. Kickstarter does very little to protect it's investors. And it doesn't have to. That's how these investments work. No one protects people when they lose all their money in the stock markets due to bad decisions. That's the weay the world works boys & girls.
Actually it doesnt work that way, you donate 20$ (you dont purchase anything, you just give them money no strings attached) and as a thank you you get a copy of the game (if its ever made)
For all intents and purposes its a donation
problem arises when people start considering it investement. It clearly says donation and not investement with all the differences and similarities there are between the two.
An instance of presenting something as gift, grant or contribution. notice the "OR"
OR if we go by the British definition, A contribution...
For every minute you are angry , you lose 60 seconds of happiness."-Emerson
If you're so concerned about it then why don't YOU do something about it? Find the person that they stole the picture from and tell them so that they can send the scammer a "cease and desist" order. Better yet, start an online petition to have Kickstarter shut down altogether. That way no one will ever be scammed through them again and the world will be a better place.
I've got a feevah, and the only prescription... is more cowbell.
This whole thread would have been more effective if you had actually found an example with at least one donor - then you'd have an example of at least one donor who needs protecting.
This scammer hasn't even figured out that you can make a few "self-donations" to get the ball rolling. Too obvious a scam...
I have bought a few early access games on Steam that I'm very happy with -- I could see what I was getting... but I have never nor will I ever back a KS project. I guess I'm just too old fashioned to buy goods that are years away from delivery. I much prefer traditional transactions where I see what I'm getting and based on that, I decide to buy it or not.
I even have a hard time buying a new house based on a display model... did it once, and regretted it when I had to spend months getting the builder to correct all the deficiencies.
I'm leary of even the seemingly honest KS projects.
“Microtransactions? In a single player role-playing game? Are you nuts?”
― CD PROJEKT RED
No. Problem arises when people aren't smart enough to determine that an investment in NO WAY GARUNTEES the desired expectation. That's the difference between "investing" and "buying"
For example, a man invested in an OTC stock in a public company. The company decided it did NOT want to make their product and filed for ch11 bankruptcy. All investors lost their money. Did that man "donate" money? No, he invested it, and he loss. That's an actual example. Ask any stock trader about the OTC markets.
What's the difference? English isn't even my first language and even I can figure it out. I know a whole team of lawyers that wish you people served for jury duty since u do not know the difference between a gift and an investment, lol. PLEASE PLEASE sign up for jury duty in the NYC area.
Kickstarter can call it a donation, a gift, a pledge, a hail mary, whatever. According to their LEGAL FILINGS they are sanctioned in the U.S as a micro-investment company. Nothing any of you can say will change that. And according to law Kickstarter has to be VERY careful about their wording, which is why in their FAQ they state it as a "pledge" because the word, according to law, still has a contractual agreement tied to it.
Which leads me to the most important point of this topic. I agree with the OP's title, Kickstarter should do more to protect its customers who've pledged.
You people should be more upset at pre-orders and DLC. Now that is a grey-area crime and yet people still keep pre-ordering broken games.
Why is pre-order a different & worse breed? Because a pre-order is not an investment, it is a contractual agreement for purchase. And most times you are definitely NOT getting what you purchased. That's why the U.S had to create the lemon law to protect car buyers. Hopefully we can get a similar law for videogames.
One.
I do firmly believe that the consumer is in some ways responsible. Do your due diligence. Do your research. Don't get me wrong, Kickstarter has some responsibility to hold - they get money from projects funding after all - but ultimately, it is your money. You make the choice as to whether or not to back a project.
Two.
Backing any project on kickstarter should be seen as a risk. No different than investing. No different than donating. It is very possible that despite me donating to a cause, it could fail. When you invest in something, it is very possible to lose. As a consumer, understand that projects you are interested in backing could fail. Do your due diligence. Do your research. Maintain realistic expectations. This won't prevent you from investing in projects destined to fail, but it should improve your odds of "winning" the kickstarter game.
/thread
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