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Entropia Universe News - Crystal Palace Space Station Auction Breaks $100,000
Posted by Michael Bitton on Dec 28, 2009 | 68 comments in our forums
Back in early December, First Planet Company, the folks behind Entropia Universe, announced that a massive new property would be auctioned off in-game on Planet Calypso: the Crystal Palace Space Station.
The auction began on December 14th, and is set to wrap up in the next few hours. What stands out about the auction is the current bid, which has just broken the game's previous record for $100,000 USD. This information has been brought to our attention by Justin Thyme of the Talk Thyme show on GamerZone Radio. A screenshot of the auction as it stands is available below, and has been provided by Entropia Universe fansite EntropiaPlanets:
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In the screenshot we can see that the user Qetesh Qetesh Qetesh has set the latest bid at 1,000,003 PED. At 10 PED/ $1 we get $100,000.3. This bid just barely breaks the previous record, which was set by Jon "NEVERDIE" Jacobs in 2005 when he purchased a Virtual Space Resort at $100,000. But with the way things tend to heat up at the end of an auction, and several hours remaining, it is quite possible the ante may be upped even further.
For more information on Entropia Universe's Planet Calypso, go here.
UPDATE:
The auction has ended and the final sale price was a whopping $330,000! The ballsy investor who won the property goes by the in-game name of "Buzz Erik Lightyear".
Congrats Buzz!
You can view a screenshot of the final price at EntropiaPlanets.
If you want to discuss that with us you can visit the IRC chat at www.entropiachat.com or use your own irc client and direct it to irc.entropiachat.com port 6667
Current Bid Zachurm Deathifier Emegen 2.200,000.00 PEDS with about 5 minutes left.
everytime a bid happens end timer resets to 5 minutes left now
so this war can go for awhile
Your screenshot is broken.
Fixed. Thanks!
Deathifier is first now again :) Wow it's really exciting!!! Just like a thriller movie :D
Lykke TheNun
Entropiaplanets.com
wait wait wait sorry im a noob but this dude is spending 100k in REAL LIFE MONEY on an ingame palace? wow talk about hardcore.
Just hit 3 million PED
Keep me posted on the final tally!
Apparently, yes. People generate real life revenue from these things as well. For example, Jon "NEVERDIE" Jacobs has reportedly made something like 1.5mln from his initial $100k investment.
Hold youre horses people, this is just one more publicity stunt From Mindark and FPC just like with the sellout of the Space-Station "CND" bought by Neverdie.
Thoose things are just toys for people with to much money and doesnt show anything about what the shape of the game is. I just dont think that this will be the good publicity that EU needs, it will just make the bad rep for it groove.
Sold by 330 thousand dolars... Ouch ;)
Wow.
Not an amazed wow, more of a disgusted one.
If anyone can provide a screenshot / link to confirm this I'd love to update the story! Please e-mail me at mikeb@mmorpg.com.
330K USD to buy 4 domes (aka: slot caches).
Casinotropia gonna get a few new account creations, avatars with $$ eyes... new blood to rob blind.
GG Gambletropia!
When you can make money off these things it's no longer "sick" as in someone spending huge money for nothing, if you are good at playing a game you can actually invest and profit.
That's the difference between Entropia/Second Life, you can cash in AND out.
It also becomes more than a simple game with this two-side real money transaction.
Mike I just sent you a link that has screenshots of the final of the Auction.
Scamtropia,
It sounds you have a sour taste since you were not able to spend properly to keep yourself in the game. The game is legit except for people that do not know how to properly spend your deposited amounts.
I agree with you Tenshi.
I have no issues with this game I play within my means. I have never felt scammmed and in my opinion what I deposit is a fair cost for the entertainment that I receive.
Justin Thyme
Talk Thyme Radio Show
www.gamerszoneradio.com
Casino.
My father still playing it thought and very addicted lol. Oh well I play it too sometimes.
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.
This just shows that humans are morons, would would spend 330k on a VIRTUAL property in a fairly craptasic game anyway? then again if PED can be converted to RL USD and cashed out, some guy just made 330'000 ish USD for a worthless virtual property, and the buyer gets stamped with the "Moron of the year award".
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).
Anyone talking trash about the person who bought the property is a moron. Neverdie, who bought his "space station" for $100,000 a few years back has made over $1,000,000 off of his property. This guy gets to live off his dividends, and never has to work again because of Entropia Universe. If I remember correctly Jon (Neverdie) Jacobs morgaged his house, and pretty much went bankrupt when he decided to invest in Entropia. The person who just bought this new property paid a little more for his so it may take a little longer to make his money back, but eventually he will be a millionaire off this game as well.
If you ask me this is smart investing, gaming isn't going anywhere and Entropia Universe is a big money sink for anyone that hasn't been playing for 3+ years. The people profiting big from this game are the ones who own property, and the ones with insanely skilled characters that have the most economic equipment.
If only I could scrape together $330,000, I would have bought it myself.
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).
I just can't wrap my head around it is all. If I had that kinda cash I would buy a real property and then maybe rent it out or something. I don't know, just old fashioned I guess.
I just can't wrap my head around it is all. If I had that kinda cash I would buy a real property and then maybe rent it out or something. I don't know, just old fashioned I guess.
THats actually what my family is in is owning rental property so I totally agree. This to me is like a high risk stock investment though, yeah its virtual but when a company fails and you have 80000 shares of stock in essence you have nothing so to each his own I guess.
I just can't wrap my head around it is all. If I had that kinda cash I would buy a real property and then maybe rent it out or something. I don't know, just old fashioned I guess.
Well, if you can make money off it it, then it's an investment like anything else.
Is it any more risky than Stock Futures?
If that other individual made 10 times his 100k investment then that seems like a good investment.
If given the choice to buy property or a virtual investment that will make back my money ten fold (provided that the investment pans out) then I'd take the virtual property any day.
In a perfect world (no pun intended) it would be a sin to spend this type of money when other people can't get by.
but all things equal, some people work their butts off and make quite a bit of money by the sweat of their brow. Oh sure, there are large companies that are evil and should be banished to the 7 hells, yadda, yadda yadaa, however there are many people who take risks and invest money, time and effort in order to reap the rewards.
and investments can be risky. So who is to say that this will be a bad investment over say junk bonds or futures.
Disgusting. Fuck childs play, lets play virtual stock broker and essentially pray off of each other in virtual space too! I can't wait to blow three years salary on a virtual treehouse!
There is literally nothing about Entropia that isn't abhorrent.
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.
You forget to mention - in all your deep knowledge of EU - that CND has mining, hunting, shops, apartments, 18 domes, multiple mobs...
Crystal Palace has no mining, 4 domes, 2 mobs.
You also forgot to mention that Mindark guarantee ONLY the TT (trade terminal) value of any item, in this case (the deed to CP) that's ~1/10th of an american cent. He essentially bought something worth 0.1 of a cent, for $330k!! Come on, even a house made of sand would be worth more than that in the weight of sand alone.
[edit] This has been recently changed, to only include the TT value of items, to a maximum of your last 6 months deposit. So, if you get to a point where you are actually profiting enough to NOT need to deposit, it's in your best interest to deposit anyway, otherwise your value - should MA for any reason ban you, or go out of business - will be zero, zip, zilch. Thus you lose everything.
You also forgot to mention that Mindark can, have and will change any aspect of the game drastically in an instant, with no warning. This can - and has (as recently as this month) - devalue your investment drastically.
You also forgot to mention that odds are, you will NOT profit in EU unless you don't deposit money OR unless you do deposit money... a tonne of it... then sit back and not play EU while your LA earns, or sit there hours a day trading.
Mindark's business model is akin to a ponzi scheme. If no new money comes in constantly, eventually all loots will dry up, your stuff loses value - at mid level, around 70% of your ava/item value is percieved, not backed - and the game will die.
Go to the official forum and read how many people have lost tonnes of money and witness how many of them whine that they feel helpless.
Why do they feel helpless? Because they're addicted (gambling) and it's near impossible to withdraw your (investment).
Even when you do manage to withdraw, guess what? Yes! You get taxed. Again (remember you lose 3.5% your money on depositing too...tax in, tax out).
All returns of any kind - hunting, mining, crafting - is entirey luck based. AKA: gambling.
It is not unheard of to return with an average of 70% of your costs, in recoupable loots.
If you deposit $50 one hunt will on average, return you $35. Next hunt (with $35) will bring you $24.50.... so on and so forth. Before you know it you're spending hundreds of dollars a week in hope of hitting that jackpot (gambling).
Casino/Ponzi pyramid for the rich gambler = Entropia Universe.
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.
In fact Neverdie works harder now than ever, that is why he made so much.
He will never disclose his actual income/expenditure (of CND solely) to the public, but I assure you much of his wealth stems from other avenues that have opened because of his status.
He's the single largest exec producer of new planets - that will be making more than his club ANYDAY.
Sorry, but 1 guy in 800,000 (supposedly) registered accounts, is not something to base your investment strategy upon.
Not only that, but he was the second big investor. Get in early, rape the lower tiers, get rich.
Ponzi.
The principle behind EU is far from Casino. It can be played much differently from the way you described. I do however, have to agree with you on one thing: the relatively recent policy of regular high value loots, together with the more then common "no loot creatures", is turning EU to casino style more and more. Wich is much unfortunate, because an avarage player is getting some hard times to play (and have fun) with a regular monthly deposit (20USD would be common sense).
As it stands, even if the idea behind EU is great and has enourmous potential, the policy I have described may be misleading to most "outsiders" when looking at it and, no doubt, causing addiction to some "gambling prone" individuals.
It's not this huge investments that worry me (i consider them good to the game), but the "loot policy" (if you can call it that).
It will always have some gambling properties, but such is life itself. It's just getting a bit too much...
Now if that isn't the biggest red flag to not to touch this 'game' with a ten-foot pole... :(
If that's true, then I think I'll pass on reinstalling it.
it isnt that bad lol,its like in the real world not better but not worst.if it wasnt so buggy and laggy i would play that i try it and i love the fact you have to use your brain .
"It's not that bad. It's just like the real world... but with lag and bugs."
WTF?
"It's not that bad. It's just like the real world... but with lag and bugs."
WTF?
out of context again !read the previous post before mine he was saying this game is a big money sink!and i was responding TO
HIM!read everything please not just what i right if you want to understand !
Wow this is so retarded it gets my Golden FTARD Award for 2009......a reward that is very hard to obtain except for the utterly, truly gifted.
First Project Entropia, it's original name, died off around 2000, 2001 somewhere in there. The reason: PE was discovered to be nothing more than a scam game having to pay alot of real cash to even be able to do anything in-game unless you just wanted to stand around and look at each other. Not to mention what you do buy in-game such as weapons degraded so fast you had to dump even more cash in to maintain what you had.
Next the game was so broken most of everyone that played as long as I did simply quit.
Now you are telling me some dumba$$ of the year that also apparently has to much money to know what to do with it, paid 3 mil or whatever the final price was bought a space station in a DEAD game?
This individual is found to be too stupid to be allowed to live, please remove yourself from the human genepool and do NOT reproduce before removal.
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.
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.
Wish I had that kind of money so I could have bought it.... he can now live without working for the rest of his life just use an entropian cash card to cash out from time to time :D
I know a few people that play this game instead of a job (like 8hours or more a day) and earn just as much as when they where working + if you had this space station it could be some nice income
It's the information age and everything is turning digital, I don't see why people see a problem with it. I'm a software engineer and develop systems for people, it's all just information I am selling, and it can fit on a flash drive. A virtual world is just another way to go with it, I haven't played the game or anything but it sounds just the same as anything else, buying a piece of property/business and selling goods/mobs or whatever is on it and hoping to get a return on it. Just like in the real world people start business all the time and most of them fail, or try flipping a house or whatever. If you know what you're doing then you can make a profit on anything.
[quote]Originally posted by sinfulninja
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.
[/b][/quote]
Wow are you kidding me? Firstly I know what I am talking about because I have actually played the game. Neverdie does not have towork anymore. He plays Entropia and withdrawals his profits on a regular basis. He may have other ventures that he is involved in, but it is because he wants to not because he has to. Just because he has made over a million dollars already doesn't mean he won't keep withdrawaling over the next couple years and make another million.
You say 1 million dollars doesn't last? Maybe so if you just straight up blow it on crazy expensive cars, etc. I could make 1 million last my whole lifetime, and even pass quite a bit to my kids when I am gone. If you settle for a comfortable but not rich and famous lifestyle, 1 million will last for a very long time.
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.
Hehe, everyone has very strong opinions about this game. Its either the future of gaming, or scam, buggy, horrible, nothing worse could be invented :D
To those who say you need to pay to play, I repeat what I have said earlier: I have managed to stay in EU for 4-5 years now without any deposit. I did deposit 100usd tho once, and then later withdraw it just to be able to say 'I still play it for free'.
Then again I am not top player, and never will be. That position is solely for peaople who started playing in beta phase - or for those who got craploads of real money.
What I fail to understand is why ppl just can't see the essential difference between this game and others. I have been in WoW, for example, I have 4 80lvl epic characters that do also raiding.. but I just quittted that (again). Now what I have? Nothing.
It is said that EU is well-thought scam. Well what is WoW then (if we stay in this example)? Every patch makes game easier, leveling faster, talents more attractive etc., but what remains the bottom line is: you pay monthly fees to stay there, and when you quit, all your time spent there is worth ZERO. Not so in EU, and you are very conscious of that all the time you spend there. This is specifically the flavor of this game. This is also why it is so hated. 'I'm no businessman, I'm a gamer blablabla and that just sucks.'
Btw here is no fee depositing, only when withdrawing. Ask your banker what he charges when you quit prematurely your long-term investment. No nice words, huh? Oh, but I forgot, this is precisely why EU is hated. They want money, only MONEY, and its your REAL money, and they say it out loud. (well, could be louder but u got the point)
And EVE and WoW and such, they do not want money? Gimme a break.
Thats why I finally decided I will put in some money to play more comfortably.. and quitted WoW (to which I lost my interest anyway after I had accomplished practically everything possible). I prefer to use same amount of money to something where it actually stays, not in form of vapor money, but very real.
Mindark takes fee on both deposits and withdrawals. I think it's 3%.
Then again my bank slaps me with more fees then mindark, with no coherent reason. That is what banks do I guess (rob people blind).
EU is a buggy, ugly piece of crap that is future of gaming at the same time. RCE is future since all revolves around profits on Earth.
And btw, you have always paid for some immaterial things: you muy music, not disc. You buy movie experience, nothing physical. You buy tens of different services monthly, and they are nothing physical. Some ppl pay shitloads for investment advisors, which definitely is nothing you can touch. Youtube was sold some time ago, and last time I checked, youtube does not exist outside world wide web. Why then buying a space station that exists only inside a game in internet, were any different?
No its not ugly, its at times phenomenally beautiful. What I admit is that MindArk should have some really proper quality control there, as some areas indeed are less than acceptable considering the engine behind. MindArk is known (well we know who play the game) to mess thing again and again.. not like Blizzard, who, when they fix a bug, they fix it so that it stays away. Not so in EU, thats what makes it look too amateurish. They def should sharpen up a bit.
It does not look like Crysis that is sure, but you must remember that Crysis is a sp/mp fps shooter, sp being tuberunnning and mp being one with limited character variation. Cryengine is of course extremely nice engine but not perfect for EU. I am prepared to forgive this after all rather small company, that they are not able to create their own.
Yeah the cash card, wich we havent seen for 4 years or so. And how nice it must be in lets say 6-8years when there is maybe no more EU, gl with getting a job then. What do you gonna say at the interwiev, oh i played a game for several years. And you sit infront of a computer screen Every single day, you will not have any social security, no money put aside for youre pension. Friends?
There is so much that one will loose if one sits and play day in and day out, and im sure that would be something one regrets at the Deathbed.
Yeah the cash card, wich we havent seen for 4 years or so. And how nice it must be in lets say 6-8years when there is maybe no more EU, gl with getting a job then. What do you gonna say at the interwiev, oh i played a game for several years. And you sit infront of a computer screen Every single day, you will not have any social security, no money put aside for youre pension. Friends?
There is so much that one will loose if one sits and play day in and day out, and im sure that would be something one regrets at the Deathbed.
It is a fact that you can get money out of EU.. too bad the cash card does not work.. nothing would be cooler than you playing game and later on going to teh money machine to withdraw sum for evening out.
Its risk investment again yes. No one can know if this (or certain American banks for example) is still here after few years. Again, there is plenty of investors who sit in front of computer screens all day long, they are respectable whitecollar workers, and still the items they deal with are not the least bit more real than those in EU.
Tax collectors and employers are very late here. Its real money we are working with here. Its been around some time now. Still legistlators really don't know how to deal with it. And, if you were NEVERDIE (avatar name) who made a grand salary from his investment for many months, you might not be able to explain that in employment office. I definitely could not try to get loan from bank to buy a virtual estate. Still its all very real, and can be seen in your bank account.
Weird world this is.
yep and the way the game was upgraded this year there will be lot of game in there each planet will be a game
some are advertised already since number of planet is limitless there can lot of game in there some will be nice
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 ; )
hehe had to check that from urban dictionary as i'm not angloamerican by birth :D 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.
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.)
"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>
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.
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