Sigh, I'm of 2 minds about this : 1. It makes me physically ill that people actually have this kind of money to spend on a virtual item in these though times when others can barely pull enough together to put food on the table for their family. 2. It's interesting to note that you can actually make money from nothing, i.e virtual space. Must be nice to be rich.
I'm sorry but to those that earn money in a honest manner and then want to try to "invest" which in essence is what this guy did I have no issues. Crappy game yes but its everyone's right to spend as they see fit. I have no interest in a socialist system that knocks everyone down to the same lvl instead of letting those that work hard reap their rewards. I'm not well off by any means but if one of my stock investments nets me millions I think its my right to spend said funds anyway I like even if its on virtual property lol(I would never do what this guy did).
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.
Sigh, I'm of 2 minds about this : 1. It makes me physically ill that people actually have this kind of money to spend on a virtual item in these though times when others can barely pull enough together to put food on the table for their family. 2. It's interesting to note that you can actually make money from nothing, i.e virtual space. Must be nice to be rich.
I'm sorry but to those that earn money in a honest manner and then want to try to "invest" which in essence is what this guy did I have no issues. Crappy game yes but its everyone's right to spend as they see fit. I have no interest in a socialist system that knocks everyone down to the same lvl instead of letting those that work hard reap their rewards. I'm not well off by any means but if one of my stock investments nets me millions I think its my right to spend said funds anyway I like even if its on virtual property lol(I would never do what this guy did).
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.
Like Skyrim? Need more content? Try my Skyrim mod "Godfred's Tomb."
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.
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 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.
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.
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.
Entropia is a scam, a casino designed to suck you in and strip your bank account. The Swedes are rich enough without you handing over your credit cards! DONT FALL FOR IT!
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 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.
Entropia is a scam, a casino designed to suck you in and strip your bank account. The Swedes are rich enough without you handing over your credit cards! DONT FALL FOR IT!
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...
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.
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.
-- Whammy - a 64x64 miniRPG - RPG Quiz - can you get all 25 right? - FPS Quiz - how well do you know your shooters?
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 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?
-- Whammy - a 64x64 miniRPG - RPG Quiz - can you get all 25 right? - FPS Quiz - how well do you know your shooters?
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?
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.
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 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
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.
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.
Playing - Minecraft, 7 Days To Die, Darkfall:ROA, Path of Exile
Sigh, I'm of 2 minds about this : 1. It makes me physically ill that people actually have this kind of money to spend on a virtual item in these though times when others can barely pull enough together to put food on the table for their family. 2. It's interesting to note that you can actually make money from nothing, i.e virtual space. Must be nice to be rich.
I'm sorry but to those that earn money in a honest manner and then want to try to "invest" which in essence is what this guy did I have no issues. Crappy game yes but its everyone's right to spend as they see fit. I have no interest in a socialist system that knocks everyone down to the same lvl instead of letting those that work hard reap their rewards. I'm not well off by any means but if one of my stock investments nets me millions I think its my right to spend said funds anyway I like even if its on virtual property lol(I would never do what this guy did).
Sorry, but what you're describing is a communist system, not a socialist system. People have gotten, and do get, fabulously wealthy in socialist systems.
_____________________________ Currently Playing: LOTRO; DDO Played: AC2, AO, Auto Assault, CoX, DAoC, DDO, Earth&Beyond, EQ1, EQ2, EVE, Fallen Earth, Jumpgate, Roma Victor, Second Life, SWG, V:SoH, WoW, World War II Online.
Games I'm watching: Infinity: The Quest for Earth, Force of Arms.
Hehe, everyone has very strong opinions about this game. Its either the future of gaming, or scam, buggy, horrible, nothing worse could be invented
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.
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?
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.
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.
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 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
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.
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 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
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.
Comments
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.
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'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.
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.
Godfred's Tomb Trailer: https://youtu.be/-nsXGddj_4w
Original Skyrim: https://www.nexusmods.com/skyrim/mods/109547
Serph toze kindly has started a walk-through. https://youtu.be/UIelCK-lldo
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.
Bans a perma, but so are sigs in necro posts.
EAT ME MMORPG.com!
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.
Entropia is a scam, a casino designed to suck you in and strip your bank account.
The Swedes are rich enough without you handing over your credit cards! DONT FALL FOR IT!
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.
Entropia is a scam, a casino designed to suck you in and strip your bank account.
The Swedes are rich enough without you handing over your credit cards! DONT FALL FOR IT!
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...
"Vidis Fodidis Est"
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.
- RPG Quiz - can you get all 25 right?
- FPS Quiz - how well do you know your shooters?
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?
- RPG Quiz - can you get all 25 right?
- FPS Quiz - how well do you know your shooters?
"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.
Play as your fav retro characters: cnd-online.net. My site: www.lysle.net. Blog: creatingaworld.blogspot.com.
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
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.
Playing - Minecraft, 7 Days To Die, Darkfall:ROA, Path of Exile
Waiting for -
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.
_____________________________
Currently Playing: LOTRO; DDO
Played: AC2, AO, Auto Assault, CoX, DAoC, DDO, Earth&Beyond, EQ1, EQ2, EVE, Fallen Earth, Jumpgate, Roma Victor, Second Life, SWG, V:SoH, WoW, World War II Online.
Games I'm watching: Infinity: The Quest for Earth, Force of Arms.
Find the Truth: http://www.factcheck.org/
Hehe, everyone has very strong opinions about this game. Its either the future of gaming, or scam, buggy, horrible, nothing worse could be invented
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.
No fate but what we make, so make me a ham sandwich please.
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