The gaming community was actively trying to do something about the hack to win scenario 10 years ago. You finally get what you want, a gaming universe inside a blockchain and you all want it eradicated from the system. Jealousy is pretty high right now at those who have cashed out millions, but that's no reason to reject a solution you all fought for years and years ago. If you all band together and fight for a refund process, or a regulatory group of in game currency devs, we can pay ourselves to compete without tournaments. We can profit from gaming and FedNow can even collect taxes from us at the same time. Its a win win. Where's the downside in all of this?
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.
That about covers it and any BCBully thread really. These cryptobrosplain cryptobroshill threads are always pretty funny. Even more so when you look at the actual crypto games.
"You CAN'T buy ships for RL money." - MaxBacon
"classification of games into MMOs is not by rational reasoning" - nariusseldon
On my last post I provided substantial information about blockchain and several projects. I don't think I need to continue that conversation, as the response to that post is just continually down a confused rabbit hole, and it's difficult to teach people that already think they know everything.
But...
If you think it's "crypto bro" stuff that's fine, but that's nowhere close to what I wrote.
The information is out there. I attempted to explain it in a way people could understand. Not obfuscating the truth of anything.
Which includes some of the realities of volatility, and how that actually equates to real money. This is important because the price fluctuations rapidly change what was lost, what could be recovered, etc.
The bullet points. 552 million stolen, worth 307 million. 30 Million recovered in that particular article (more was recovered from other countries law enforcement).
But it's important to understand how the reporting works. What was stolen is only a snapshot of the time. What hackers steal is not what they get, that's the primary point of what I wanted to make. Blockchains ledger is public which means that hackers have to go through a process like money laundering to clean the funds. Many times hackers are stuck sitting on the funds because they can't easily clean them, and in some cases they don't have the means to even cash them out.
It's very easy to find information, and I'm happy to explain in detail anything people have questions about
but I also know that most people here only topically want something to complain about and blockchain is an easy target.
But it's like getting mad at the unreal engine or microsoft excel. Blockchain is just a tool to use.
In the end, they get you to give them real money for something that isnt real......and you are left with nothing.
Isn't this the very definition of a bank account. You pay the bank to hold onto your money and you get nothing back unless you deposit the money into it. At least you get the opportunity to make a profit with crypto. How do even make a profit with a bank anymore? The markets are consistently crashing every 10 years. Banks are going bankrupt. The double edge sword favors the in game currency now.
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.
At least with banks you don't have to worry about crap like this.
"Over $25 million taken from an MEV bot by malicious validator.
It's a dog-eat dog-world in the crypto universe, where everyone's trying to steal money from everyone else.
MEV bots are a phenomenon that became popular in recent times: bots that use various techniques to extract value by inspecting pending blockchain transactions and then sending advantageous transactions of their own. "
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
I attempted to explain it in a way people could understand. Not obfuscating the truth of anything. Which includes some of the realities of volatility, and how that actually equates to real money. This is important because the price fluctuations rapidly change what was lost, what could be recovered, etc. The bullet points. 552 million stolen, worth 307 million. 30 Million recovered in that particular article (more was recovered from other countries law enforcement). What hackers steal is not what they get, that's the primary point of what I wanted to make. Blockchains ledger is public which means that hackers have to go through a process like money laundering to clean the funds. Many times hackers are stuck sitting on the funds because they can't easily clean them, and in some cases they don't have the means to even cash them out. But it's like getting mad at the unreal engine or microsoft excel. Blockchain is just a tool to use.
You think you can explain crypto in a way people understand. I don't even understand your argument. You're saying that if a hacker steals my crypto, I should feel ok about it because I could have cashed out at 400million, but the hacker took my 400million and didn't cash it out. He was greedy and waited. Then the coin went down in value, and he lost the 400milion dollar payout. The coin went to a dollar, and he cashed out at 40 million instead. Like you stated, hackers don't get what they steal, is something I am not quite agreeing with. You sound like a fanboi who can't back up his passion up with enough facts. Your using FPS bulletpoints to shoot us with to sound smart and then convince me to feel better about theft. I shouldn't hold a grudge so to speak. This is the wrong forum to troll for customers boi. If you need advice on how to clean crypto, get smarter friends. It's been public knowledge to clean crypto for 2 years now. DYOH.
PS - I can and have been mad at both unreal engine for the rendering tragedy it once was and excel for being so hard to figure out.
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.
I see a lot of extreme arugments here. Fact of the matter, like guns, taxes, ect, you can find extremes at both ends of the spectrum to reinforce ones own bias.
The norm is somewhere inbetween. People give away their keys and lose it all. Bad protocols get hack (hack themselves) and lose it.
Everyday people DCA (invest) 300 a month and and get 300% gains. Regular people buy a jpeg for $8 and make 50k.
All of the above is w/o a doubt true. 90% of people wont experience any of this. Most will be safe and never experience a hack. Most will never make 1000x gains.
Most will play the games and have a good time. Most will invest and get some modest returns, or if they sell modest losses.
Sure there are dangers outside your door... Sure you can hit the lotto... Just live life and enjoy.
At least with banks you don't have to worry about crap like this.
"Over $25 million taken from an MEV bot by malicious validator.
It's a dog-eat dog-world in the crypto universe, where everyone's trying to steal money from everyone else.
MEV bots are a phenomenon that became popular in recent times: bots that use various techniques to extract value by inspecting pending blockchain transactions and then sending advantageous transactions of their own. "
Not sure you know what that means, but MEV bots themselves are kind of suspect to begin with.
They essentially send transactions on both sides of a legitimate transaction to extract the greatest value when they validate, and make more money. When validating a transaction you get paid a fee to do so, but those fees fluctuate based on how busy the network is, so this is a way to game the system to make more money.
The hack itself injected its own transaction during validation. Just another exploit, but this was part of the issue with proof of stake in general. Fear that validators could do stuff like this, and there are ways to protect against it, but it makes the transactions more costly, and ethereum in general is already quite costly.
I attempted to explain it in a way people could understand. Not obfuscating the truth of anything. Which includes some of the realities of volatility, and how that actually equates to real money. This is important because the price fluctuations rapidly change what was lost, what could be recovered, etc. The bullet points. 552 million stolen, worth 307 million. 30 Million recovered in that particular article (more was recovered from other countries law enforcement). What hackers steal is not what they get, that's the primary point of what I wanted to make. Blockchains ledger is public which means that hackers have to go through a process like money laundering to clean the funds. Many times hackers are stuck sitting on the funds because they can't easily clean them, and in some cases they don't have the means to even cash them out. But it's like getting mad at the unreal engine or microsoft excel. Blockchain is just a tool to use.
You think you can explain crypto in a way people understand. I don't even understand your argument. You're saying that if a hacker steals my crypto, I should feel ok about it because I could have cashed out at 400million, but the hacker took my 400million and didn't cash it out. He was greedy and waited. Then the coin went down in value, and he lost the 400milion dollar payout. The coin went to a dollar, and he cashed out at 40 million instead. Like you stated, hackers don't get what they steal, is something I am not quite agreeing with. You sound like a fanboi who can't back up his passion up with enough facts. Your using FPS bulletpoints to shoot us with to sound smart and then convince me to feel better about theft. I shouldn't hold a grudge so to speak. This is the wrong forum to troll for customers boi. If you need advice on how to clean crypto, get smarter friends. It's been public knowledge to clean crypto for 2 years now. DYOH.
PS - I can and have been mad at both unreal engine for the rendering tragedy it once was and excel for being so hard to figure out.
I'm not saying to feel okay that hacks happen, or loss happens. I'm saying that numbers are subjective.
And all I can do is laugh at this response...
The article I linked specifically stated that in the attempt to clean the crypto multi-millions of dollars were recovered.
It's quite obvious you don't understand my argument, it seems there's quite a lot you don't understand. And that's okay.
At least with banks you don't have to worry about crap like this.
"Over $25 million taken from an MEV bot by malicious validator.
It's a dog-eat dog-world in the crypto universe, where everyone's trying to steal money from everyone else.
MEV bots are a phenomenon that became popular in recent times: bots that use various techniques to extract value by inspecting pending blockchain transactions and then sending advantageous transactions of their own. "
Not sure you know what that means, but MEV bots themselves are kind of suspect to begin with.
They essentially send transactions on both sides of a legitimate transaction to extract the greatest value when they validate, and make more money. When validating a transaction you get paid a fee to do so, but those fees fluctuate based on how busy the network is, so this is a way to game the system to make more money.
The hack itself injected its own transaction during validation. Just another exploit, but this was part of the issue with proof of stake in general. Fear that validators could do stuff like this, and there are ways to protect against it, but it makes the transactions more costly, and ethereum in general is already quite costly.
No, they are not "kind of suspect", they are CRIMINAL! Anyone who doesn't condemn the practice is immoral, unethical and a detestable piece of crap.
It's called FRONTRUNNING and it is ILLEGAL in REGULATED MARKETS
"Maybe it is not yet fully understood by the masses, but front running / MEV is quite literally organized theft, and it is running rampant on almost every blockchain network. Crypto enthusiasts need to understand that trader / miner bots are predatorily stealing money from DeFi and NFT traders daily. This theft is no different than your personal stockbroker using the knowledge of your pending trades only to further themselves and at your expense. These practices are not only unethical, but they are also illegal in any other modern day exchange environment. So why the blind eye and why the free pass?"
At least with banks you don't have to worry about crap like this.
"Over $25 million taken from an MEV bot by malicious validator.
It's a dog-eat dog-world in the crypto universe, where everyone's trying to steal money from everyone else.
MEV bots are a phenomenon that became popular in recent times: bots that use various techniques to extract value by inspecting pending blockchain transactions and then sending advantageous transactions of their own. "
Not sure you know what that means, but MEV bots themselves are kind of suspect to begin with.
They essentially send transactions on both sides of a legitimate transaction to extract the greatest value when they validate, and make more money. When validating a transaction you get paid a fee to do so, but those fees fluctuate based on how busy the network is, so this is a way to game the system to make more money.
The hack itself injected its own transaction during validation. Just another exploit, but this was part of the issue with proof of stake in general. Fear that validators could do stuff like this, and there are ways to protect against it, but it makes the transactions more costly, and ethereum in general is already quite costly.
No, they are not "kind of suspect", they are CRIMINAL! Anyone who doesn't condemn the practice is immoral, unethical and a detestable piece of crap.
It's called FRONTRUNNING and it is ILLEGAL in REGULATED MARKETS
"Just like insider trading and scalping, front-running is one of many such techniques. It is an unethical and illegal market manipulation method that originated in traditional financial markets, where front-running has been prohibited since the time when stock trading was conducted via actual paper notes."
"Maybe it is not yet fully understood by the masses, but front running / MEV is quite literally organized theft, and it is running rampant on almost every blockchain network. Crypto enthusiasts need to understand that trader / miner bots are predatorily stealing money from DeFi and NFT traders daily. This theft is no different than your personal stockbroker using the knowledge of your pending trades only to further themselves and at your expense. These practices are not only unethical, but they are also illegal in any other modern day exchange environment. So why the blind eye and why the free pass?"
That's fair. The point I was making was that MEV itself was already an issue prior to this particular injection attack.
maskedweasel said: I'm not saying to feel okay that hacks happen, or loss happens. I'm saying that numbers are subjective.
And all I can do is laugh at this response...
The article I linked specifically stated that in the attempt to clean the crypto multi-millions of dollars were recovered.
It's quite obvious you don't understand my argument, it seems there's quite a lot you don't understand. And that's okay.
I laugh at speculation as well. In no way am I clicking that link. Paste the information and let us pick away at it. In these dark times no one should really be clicking links.
If millions were recovered, why did the hacker abandon the crypto? They didn't. It was sitting there on purpose for a hacker to retrieve. That hacker was a cop.
I'm pretty sure I profiled your info you wanted me to see correctly, and your welcome for the great laugh at my decypher.
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.
In the end, they get you to give them real money for something that isnt real......and you are left with nothing.
This; this has always been the end result of any type of scheme or speculative bubble going all the way back to 'Tulip mania' during the Dutch golden age of the 1600's.
NFT's, Crypto, even Blockchain, all by design to be overcomplicated to hide the fact that it's just another scheme to make money from gullible people.
The creator of Blockchain knew exactly what he/she/they were doing; even if they have to hide behind a pseudonym to protect themselves- i mean; i guess i would if i helped create the most influential scam in human history, even if that was never the intention.
Fishing on Gilgamesh since 2013 Fishing on Bronzebeard since 2005 Fishing in RL since 1992 Born with a fishing rod in my hand in 1979
At least with banks you don't have to worry about crap like this.
"Over $25 million taken from an MEV bot by malicious validator.
It's a dog-eat dog-world in the crypto universe, where everyone's trying to steal money from everyone else.
MEV bots are a phenomenon that became popular in recent times: bots that use various techniques to extract value by inspecting pending blockchain transactions and then sending advantageous transactions of their own. "
Not sure you know what that means, but MEV bots themselves are kind of suspect to begin with.
They essentially send transactions on both sides of a legitimate transaction to extract the greatest value when they validate, and make more money. When validating a transaction you get paid a fee to do so, but those fees fluctuate based on how busy the network is, so this is a way to game the system to make more money.
The hack itself injected its own transaction during validation. Just another exploit, but this was part of the issue with proof of stake in general. Fear that validators could do stuff like this, and there are ways to protect against it, but it makes the transactions more costly, and ethereum in general is already quite costly.
No, they are not "kind of suspect", they are CRIMINAL! Anyone who doesn't condemn the practice is immoral, unethical and a detestable piece of crap.
It's called FRONTRUNNING and it is ILLEGAL in REGULATED MARKETS
"Just like insider trading and scalping, front-running is one of many such techniques. It is an unethical and illegal market manipulation method that originated in traditional financial markets, where front-running has been prohibited since the time when stock trading was conducted via actual paper notes."
"Maybe it is not yet fully understood by the masses, but front running / MEV is quite literally organized theft, and it is running rampant on almost every blockchain network. Crypto enthusiasts need to understand that trader / miner bots are predatorily stealing money from DeFi and NFT traders daily. This theft is no different than your personal stockbroker using the knowledge of your pending trades only to further themselves and at your expense. These practices are not only unethical, but they are also illegal in any other modern day exchange environment. So why the blind eye and why the free pass?"
That's fair. The point I was making was that MEV itself was already an issue prior to this particular injection attack.
Now see, I didn't know anything about front running/MEV (Thx for the info @Champie) but just from the simple article I read on W3IGG I instinctively, and reflexively knew it was a bad thing.
Probably not related to gaming specifically, but just in case definitely not something I ever want to see come close to my life.
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
Developers/Publishers are always chasing the money. This is why voting with your wallet works (and withholding money does not).
Crypto is and ever growing money pool, which can grow exponentially due to its derivative style approach (and re-hypothecation). It is only natural that the gaming industry will chase this money pool, and try to grow its revenue based on this.
Crypto and online services have always had a similar mentality. A virtual item/nft is created from nothing, and sold for its perceived value. As long as this keeps increasing, they can make/sell more of these. Once the market crashes, the company abandons it (so it loses all value), and moves on to the next item/game/nft/crypto enterprise. The same basic model is used for all of these. They create something for low cost, convince people that it is valuable, and then manage the value over its lifespan.
That's fair. The point I was making was that MEV itself was already an issue prior to this particular injection attack.
No excuses. Say it is CRIMINAL, because that's REALITY. Don't just say "kind of suspect"
When was the last time you initiated a blockchain transaction?
While MEVs are a bad practice but not *actually* criminal, when you initiate a transaction you set your gas fee limit. While MEVs profit from the price fluctuations, you set your gas limit.
Usually the MEVs make their most profit off of fast transactions, because they are the upper tier of pricing and gas is set to a higher range, but you don't need to pay more for a transaction than you specify, the transactions just might take longer.
That being said MEVs as a practice should be eradicated.
I see a lot of extreme arugments here. Fact of the matter, like guns, taxes, ect, you can find extremes at both ends of the spectrum to reinforce ones own bias.
The norm is somewhere inbetween. People give away their keys and lose it all. Bad protocols get hack (hack themselves) and lose it.
Everyday people DCA (invest) 300 a month and and get 300% gains. Regular people buy a jpeg for $8 and make 50k.
All of the above is w/o a doubt true. 90% of people wont experience any of this. Most will be safe and never experience a hack. Most will never make 1000x gains.
Most will play the games and have a good time. Most will invest and get some modest returns, or if they sell modest losses.
Sure there are dangers outside your door... Sure you can hit the lotto... Just live life and enjoy.
/BC
It's been my observation in life that whenever someone tries to tell or sell you on a great money making opportunity or vehicle the biggest winners are those who run the grift itself.
Stock markets, casinos, banks, betting pools, self help gurus, and now crypto there's consistently greater returns in managing the activity, or trying to sell their experience to advise on how to succeed rather than actually doing the activity themselves.
Even in gaming, take EVE for example, people often share how to make big ISK however usually it's only in very vague terms with few actual details. (Play the market...)
Most great ISK making opportunities are closely guarded secrets kept between friends as often once too many players start doing something it spoils the market in some fashion.
Crypto/ NFTs are not looking anything different from where I stand. As you said, the big winners will be touted by those seeking to promote, manage and profit from their success, but few actual "investors" will win in the long run.
Unless of course just like at a Casino or the Market, people who do get a lucky or smartly planned win GTFO and don't keep letting it ride in the hope of even greater returns.
Knowing when to get on and out is the real secret to any form of investing as any good gambler or market maven would tell you.
Of course, a little bit of insider knowledge goes a long way to success, and Crypto seems rife with such as it's not been around long enough for regulators to catch up with it, but I think that's starting to change now.
Too much potential to damage those in power so they'll make sure controls are put in place for their own protection, not necessarily for the benefit of Joe Average though.
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
Let's be real. The U.S. dollar is DE-pegged and the Petro dollar is gone. Inflation may happen and pay to play games might be our only hope TO PAY THE BILLS. The only way to outsmart the BRIC nations is to create a better Utopia THAN THE SAUDI MILE and make our own world that a DE-pegged dollar can't compete in. Pay to play games. MMO's are a virtual kingdom, and it should be a force to be reckoned with for BRICS. We need to stay edgy and be hipsters and embrace change.
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.
Let's be real. The U.S. dollar is DE-pegged and the Petro dollar is gone. Inflation may happen and pay to play games might be our only hope TO PAY THE BILLS. The only way to outsmart the BRIC nations is to create a better Utopia THAN THE SAUDI MILE and make our own world that a DE-pegged dollar can't compete in. Pay to play games. MMO's are a virtual kingdom, and it should be a force to be reckoned with for BRICS. We need to stay edgy and be hipsters and embrace change.
I often can't comprehend the points you try to make but your posts are fun reads regardless, keep them coming.
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
This would be big part of what renders espousing the virtues of blockchain/crypto moot.
You can pitch it's use cases to a bunch of people, but ultimately if they are hearing about it as a consumer, it's almost always because it's being used to monetize and hype something. I certainly don't know everything, even admitted as much in my prior comment, but there are obvious factors that get talked past seemingly intentionally a bit too often, and this is a big part of why.
When half the ideas out there are slapping a token onto something to make it a commodity/coin, or attaching smart contracts to decades-old technology/services, it's a creatively bankrupt state of existence that's still trying to fulfill it's early goal of a solution looking for a problem.
More pointedly for gamers though. Most consumer facing endeavors can be described as grifts. Sometimes it's misguided idealism that's then exploited by users. Sometimes it's just a greedy dev/company/publisher looking to ride that bubble. A lot of the early hyped promises of it's use have never materialized, because they were never realistic to do, like supporting nft content across a variety of titles. I'm sure there's still some chasing that, but it's pretty much like that gimmick of the pet monster toy that could get things to enhance your pet by scanning barcodes, entirely interpretative rewards of minimal substance.
I can agree with BC's last comment if only for them taking things in the context of a gambler just enjoying the game/bet rather than the outcome. I know I'm personally averse to things I consider a gamble, which leads me to be inherently opposed to such conditions. I don't play games to gamble.
Let's be real. The U.S. dollar is DE-pegged and the Petro dollar is gone. Inflation may happen and pay to play games might be our only hope TO PAY THE BILLS. The only way to outsmart the BRIC nations is to create a better Utopia THAN THE SAUDI MILE and make our own world that a DE-pegged dollar can't compete in. Pay to play games. MMO's are a virtual kingdom, and it should be a force to be reckoned with for BRICS. We need to stay edgy and be hipsters and embrace change.
I often can't comprehend the points you try to make but your posts are fun reads regardless, keep them coming.
What are gas fees? The middle east crowd funding the DE-dollarization of the Petro dollar. BRIC nations are about to cause hyperinflation in America with Americas stolen technology, and the only way to fight the kingdom charging gas fees for transactions that is causing the hyperinflation, is to pay gamers and make a green blockchain that pays its own gas fees and defunds the gas gouging crime spree from the middle east.
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.
Unless of course just like at a Casino or the Market, people who do get a lucky or smartly planned win GTFO and don't keep letting it ride in the hope of even greater returns.
I treat Crypto exactly like I do gambling. I made a ton of money at casinos when I was younger. Before kids. My wife and I made more money in Atlantic City than we did at our jobs one year. My philosophy was simple. Go in with X money expecting to lose it all. Just have fun playing and with the excitement. If we won, we get our original stake, plus a profit and cash that out. Then we take the House Money and do whatever we wanted. I can tell yu that there was been very little excitement in my life that surpasses putting 3 100 dollar coins into a slot machine and pulling the handle.
So thats what I did with Crypto. I bought Bitcoin early as a gamble Made a lot of money. Cashed out at 20 times what I put in. I leave the rest to play with and dabble in ETH or SOL and leaving it in Bitcoin as well. Pure house money as far as I am concerned. And if one of them goes nuts, well then I will cash out again. Crypto is far to volatile right now to really believe you are a legitimate professional investor in it. Always assume that tomorrow could be the day the WHAMMY hits the wheel and you get wiped out.
All time classic MY NEW FAVORITE POST! (Keep laying those bricks)
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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
Let's be real. The U.S. dollar is DE-pegged and the Petro dollar is gone. Inflation may happen and pay to play games might be our only hope TO PAY THE BILLS. The only way to outsmart the BRIC nations is to create a better Utopia THAN THE SAUDI MILE and make our own world that a DE-pegged dollar can't compete in. Pay to play games. MMO's are a virtual kingdom, and it should be a force to be reckoned with for BRICS. We need to stay edgy and be hipsters and embrace change.
I often can't comprehend the points you try to make but your posts are fun reads regardless, keep them coming.
What are gas fees? The middle east crowd funding the DE-dollarization of the Petro dollar. BRIC nations are about to cause hyperinflation in America with Americas stolen technology, and the only way to fight the kingdom charging gas fees for transactions that is causing the hyperinflation, is to pay gamers and make a green blockchain that pays its own gas fees and defunds the gas gouging crime spree from the middle east.
Well, those are definitely words...
I want a mmorpg where people have gone through misery, have gone through school stuff and actually have had sex even. -sagil
Comments
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.
"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/But...
If you think it's "crypto bro" stuff that's fine, but that's nowhere close to what I wrote.
The information is out there. I attempted to explain it in a way people could understand. Not obfuscating the truth of anything.
Which includes some of the realities of volatility, and how that actually equates to real money. This is important because the price fluctuations rapidly change what was lost, what could be recovered, etc.
See this article for an example.
https://decrypt.co/109286/investigators-recover-30m-stolen-crypto-axie-infinity-hack
The bullet points. 552 million stolen, worth 307 million. 30 Million recovered in that particular article (more was recovered from other countries law enforcement).
Where 4.5 billion was stolen, worth 3.6 billion at the time of recovery:
https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency
But it's important to understand how the reporting works. What was stolen is only a snapshot of the time. What hackers steal is not what they get, that's the primary point of what I wanted to make. Blockchains ledger is public which means that hackers have to go through a process like money laundering to clean the funds. Many times hackers are stuck sitting on the funds because they can't easily clean them, and in some cases they don't have the means to even cash them out.
It's very easy to find information, and I'm happy to explain in detail anything people have questions about
but I also know that most people here only topically want something to complain about and blockchain is an easy target.
But it's like getting mad at the unreal engine or microsoft excel. Blockchain is just a tool to use.
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.
https://web3isgoinggreat.com/?id=over-25-million-taken-from-an-mev-bot-by-malicious-validator
At least with banks you don't have to worry about crap like this.
"Over $25 million taken from an MEV bot by malicious validator.
"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
PS - I can and have been mad at both unreal engine for the rendering tragedy it once was and excel for being so hard to figure out.
Someone who is registered as being a flex offender is a person who feels the need to flex about everything they say.
Always be the guy that paints the house in the dark.
Lucidity can be forged with enough liquidity and pharmed for decades with enough compound interest that a reachable profit would never end.
The norm is somewhere inbetween. People give away their keys and lose it all. Bad protocols get hack (hack themselves) and lose it.
Everyday people DCA (invest) 300 a month and and get 300% gains. Regular people buy a jpeg for $8 and make 50k.
All of the above is w/o a doubt true. 90% of people wont experience any of this. Most will be safe and never experience a hack. Most will never make 1000x gains.
Most will play the games and have a good time. Most will invest and get some modest returns, or if they sell modest losses.
Sure there are dangers outside your door... Sure you can hit the lotto... Just live life and enjoy.
/BC
They essentially send transactions on both sides of a legitimate transaction to extract the greatest value when they validate, and make more money. When validating a transaction you get paid a fee to do so, but those fees fluctuate based on how busy the network is, so this is a way to game the system to make more money.
The hack itself injected its own transaction during validation. Just another exploit, but this was part of the issue with proof of stake in general. Fear that validators could do stuff like this, and there are ways to protect against it, but it makes the transactions more costly, and ethereum in general is already quite costly.
And all I can do is laugh at this response...
The article I linked specifically stated that in the attempt to clean the crypto multi-millions of dollars were recovered.
It's quite obvious you don't understand my argument, it seems there's quite a lot you don't understand. And that's okay.
It's called FRONTRUNNING and it is ILLEGAL in REGULATED MARKETS
"Just like insider trading and scalping, front-running is one of many such techniques. It is an unethical and illegal market manipulation method that originated in traditional financial markets, where front-running has been prohibited since the time when stock trading was conducted via actual paper notes."
https://cybernews.com/crypto/flash-boys-2-0-front-runners-draining-280-million-per-month-from-crypto-transactions
"Maybe it is not yet fully understood by the masses, but front running / MEV is quite literally organized theft, and it is running rampant on almost every blockchain network. Crypto enthusiasts need to understand that trader / miner bots are predatorily stealing money from DeFi and NFT traders daily. This theft is no different than your personal stockbroker using the knowledge of your pending trades only to further themselves and at your expense. These practices are not only unethical, but they are also illegal in any other modern day exchange environment. So why the blind eye and why the free pass?"
https://newsdirect.com/news/aiding-and-abetting-sandwich-trades-front-running-and-mev-is-anti-esg-931532258
If millions were recovered, why did the hacker abandon the crypto? They didn't. It was sitting there on purpose for a hacker to retrieve. That hacker was a cop.
I'm pretty sure I profiled your info you wanted me to see correctly, and your welcome for the great laugh at my decypher.
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.
NFT's, Crypto, even Blockchain, all by design to be overcomplicated to hide the fact that it's just another scheme to make money from gullible people.
The creator of Blockchain knew exactly what he/she/they were doing; even if they have to hide behind a pseudonym to protect themselves- i mean; i guess i would if i helped create the most influential scam in human history, even if that was never the intention.
Fishing on Gilgamesh since 2013
Fishing on Bronzebeard since 2005
Fishing in RL since 1992
Born with a fishing rod in my hand in 1979
Probably not related to gaming specifically, but just in case definitely not something I ever want to see come close to my life.
"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
Developers/Publishers are always chasing the money. This is why voting with your wallet works (and withholding money does not).
Crypto is and ever growing money pool, which can grow exponentially due to its derivative style approach (and re-hypothecation). It is only natural that the gaming industry will chase this money pool, and try to grow its revenue based on this.
Crypto and online services have always had a similar mentality. A virtual item/nft is created from nothing, and sold for its perceived value. As long as this keeps increasing, they can make/sell more of these. Once the market crashes, the company abandons it (so it loses all value), and moves on to the next item/game/nft/crypto enterprise. The same basic model is used for all of these. They create something for low cost, convince people that it is valuable, and then manage the value over its lifespan.
While MEVs are a bad practice but not *actually* criminal, when you initiate a transaction you set your gas fee limit. While MEVs profit from the price fluctuations, you set your gas limit.
Usually the MEVs make their most profit off of fast transactions, because they are the upper tier of pricing and gas is set to a higher range, but you don't need to pay more for a transaction than you specify, the transactions just might take longer.
That being said MEVs as a practice should be eradicated.
Stock markets, casinos, banks, betting pools, self help gurus, and now crypto there's consistently greater returns in managing the activity, or trying to sell their experience to advise on how to succeed rather than actually doing the activity themselves.
Even in gaming, take EVE for example, people often share how to make big ISK however usually it's only in very vague terms with few actual details. (Play the market...)
Most great ISK making opportunities are closely guarded secrets kept between friends as often once too many players start doing something it spoils the market in some fashion.
Crypto/ NFTs are not looking anything different from where I stand. As you said, the big winners will be touted by those seeking to promote, manage and profit from their success, but few actual "investors" will win in the long run.
Unless of course just like at a Casino or the Market, people who do get a lucky or smartly planned win GTFO and don't keep letting it ride in the hope of even greater returns.
Knowing when to get on and out is the real secret to any form of investing as any good gambler or market maven would tell you.
Of course, a little bit of insider knowledge goes a long way to success, and Crypto seems rife with such as it's not been around long enough for regulators to catch up with it, but I think that's starting to change now.
Too much potential to damage those in power so they'll make sure controls are put in place for their own protection, not necessarily for the benefit of Joe Average though.
Can't forget this guy either:
"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
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.
"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
You can pitch it's use cases to a bunch of people, but ultimately if they are hearing about it as a consumer, it's almost always because it's being used to monetize and hype something. I certainly don't know everything, even admitted as much in my prior comment, but there are obvious factors that get talked past seemingly intentionally a bit too often, and this is a big part of why.
When half the ideas out there are slapping a token onto something to make it a commodity/coin, or attaching smart contracts to decades-old technology/services, it's a creatively bankrupt state of existence that's still trying to fulfill it's early goal of a solution looking for a problem.
More pointedly for gamers though. Most consumer facing endeavors can be described as grifts. Sometimes it's misguided idealism that's then exploited by users. Sometimes it's just a greedy dev/company/publisher looking to ride that bubble. A lot of the early hyped promises of it's use have never materialized, because they were never realistic to do, like supporting nft content across a variety of titles. I'm sure there's still some chasing that, but it's pretty much like that gimmick of the pet monster toy that could get things to enhance your pet by scanning barcodes, entirely interpretative rewards of minimal substance.
I can agree with BC's last comment if only for them taking things in the context of a gambler just enjoying the game/bet rather than the outcome. I know I'm personally averse to things I consider a gamble, which leads me to be inherently opposed to such conditions. I don't play games to gamble.
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.
So thats what I did with Crypto. I bought Bitcoin early as a gamble Made a lot of money. Cashed out at 20 times what I put in. I leave the rest to play with and dabble in ETH or SOL and leaving it in Bitcoin as well. Pure house money as far as I am concerned. And if one of them goes nuts, well then I will cash out again. Crypto is far to volatile right now to really believe you are a legitimate professional investor in it. Always assume that tomorrow could be the day the WHAMMY hits the wheel and you get wiped out.
All time classic MY NEW FAVORITE POST! (Keep laying those bricks)
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