or : "When Mindark, Brock Pierce, the CEO of SEE and Neverdie make it into one fuckery wall of text...that also trys to be about bitcoins...because the site is called cryptoinsider" Ok lets go. After other players informed me about this link and 1 asked to swing the axe... ;D The following link showed up on "the other forum". BiG news for the Entropia Press !!!²²² z0mg ! x'D https://cryptoinsider.com/decentralizing-virtual-industry/ All posted by someone called "Michael Kern" from Texas, Mexico...also beeing from the bitcoin religion...who probably never ever heard of Entropia before and needed to post something "incredible" on "cryptoinsider" *lol*...either MindArk payed him (FUMA!)...or hes simply one of those ignorant PR victims...then one might wonder, why exactly he went back to 2011, to be able to praise MindArk... Just name EU together with something everyone knows (2nd life) and add some unrealistic numbers to it...done... In short : Fucking repetitive, incorrect bullshit from the past (he even links to 2011 and other bullshit PR gag sites), spread across a wall of text, that made it sound, as if Mindark is on top of the wave...mixing in some crypto bullshit...even ignoring the IGE and DEN scandal...done... Entropia is awesome in the news again ! (at least to the dumb, ignorant and newbs) Idiot...screw you and your high level of ignorance ! https://medium.com/@michael.kern btw.: Here is a photo of SEE CEO "Corey Redmond" (left) (hard to find!)...who even was the CEO of creative-cultural.com (shutdown)...a clone of SEE...for china...but I wont fuck your mind today...feel free to search the forum...or stay ignorant and believe this "success story"... x'D and here you can SEE Martin Biallas, german freak "Designer" Harald Gloeckler (his party), David Riva and Corey Redmond again : (good ol times) x'D I mean, SEE isnt even existing anymore. Planet Calypso got "sold" to its own community, via ingame deeds...the "purchase" by SEE was a mess and isnt covered at all in that text by Michael Kern. The "nightclub" orignally got "purchased" by Neverdie for 100.000$. Rumors have it, it got purchased by avatar "John-Foma-Kalun aka Pesok aka Yan Panasjuk" in 2010. A software engineer from Boston/Massachusetts USA, who then dissapeared. https://www.forbes.com/sites/oliver...ord-335000-for-virtual-property/#818b48f1d9f0 copy&paste of the original text : In-game virtual transactions were one of Satoshi Nakamoto’s original visions when creating Bitcoin, but it is the Ethereum blockchain that is really taking that idea to the next level with Decentraland, an open-world VR platform that will allow users to create their own reality. Though Decentraland has still not officially launched, crypto-enthusiasts and real estate speculators alike can already bid for virtual plots of land within the game’s limited space. And these auctions are going exceedingly well. So far, over $28 million in LAND, non-fungible parcels by which the world is divided, has been auctioned off in the game’s ERC20 based token, $MANA. And now, in a partnership with Ripio, an Argentina-based peer-to-peer crypto lending network, users will be able to purchase LAND using credit. In these crypto-mortgages, users can put a 10-percent down payment on the market value of the ‘property’ and wait for a lender to claim the request. Once that happens, a smart contract is generated and if a borrower doesn’t pay up, the virtual land reverts to the lender. But be weary of the interest, as RCN rates go from some 28 percent to as high as 78 percent! Big Shoes to fill Video games have come a long way since cracking open boxes in Mario Bros or chasing rings in Sonic the Hedgehog. With the introduction of MMORPGs, in-game economies have become robust and exceedingly complicated, with players trading their virtual fortunes for items or resources to gain an edge on the competition. In the early days, it was fairly rare to trade real money for in-game currencies, as most of these transactions were against the games’ terms of service. But, naturally, capitalism took over, and ambitious digital capitalists created both a new kind of workforce and profitable enterprises centered around the sale of in-game currencies. From gold farming in games like World of Warcraft or Dark Ages of Camelot to complex third-party currencies which could be bought to make peer-to-peer purchases, players made a fortune selling gold, unique items, and what essentially translated to their own time to gather these resources. The Birth of an Industry Online stores like Internet Gaming Entertainment (IGE), which was founded by Brock Pierce in 2001, and boasted $500 million in annual volume at its peak, paved the way for a bustling currency-services industry. IGE, for its part, even gained the attention of Goldman Sachs, which bought a stake of the company for $60 million before Pierce was pushed out and replaced with Trump’s ex-right-hand-man, Steve Bannon. Besides online-stores, however, savvy entrepreneurs also made a killing on different exchange platforms where users could come together to buy an intermediary currency to trade for in-game items. The most notable of these were The Virtual World Exchange (VirWox), an exchange allowing users to buy and sell Linden Dollars, a currency used in the game Second Life, and D2Jsp, a forum that provided users with the opportunity to buy its own currency “forum gold” to trade with other users for in-game items, mostly within Diablo 2. Billions Hanging on a Thread With the influx of real cash into virtual markets, a series of perplexing questions arose. In-game cyber-brothels, gambling dens, mafia-like ‘griefers’ and even virtual stock market fraud has made both the companies that created the games and even some of the players rethink their relationships with these virtual worlds. There’s a lot on the line, after all. On VirWox alone, over $1 billion has been traded for Second Life’s Linden Dollar currency, but that’s only a small fraction of the world’s virtual markets. In the virtual universe of Entropia, property sales have surged, with one company even buying “Planet Calypso” for over $6 million. Justifying the purchase, Corey Redmond, the president of SEE Virtual Worlds, noted, “The Entropia Universe and virtual worlds in general are extremely lucrative. Calypso alone has had over $428 million processed in player-to-player transactions in 2010.” Other notable sales in the Entropia Universe include a $625,000 nightclub and a $335,000 crystal palace. What’s In Store For Decentraland? Though Decentraland is certainly not the first virtual platform to gain the attention of speculators and would-be digital capitalists, it is the first completely decentralized platform, meaning no specific company could pull the plug. While Entropia and Second-Life both boast bustling economies and some notably high-priced properties, they’re both run by a single entity, meaning that the $6 million in-game planet purchase could vanish if MindArk, the company behind the game, decided to call it quits. Decentraland is also cooperating with other blockchain-based gaming platforms, such as Axie Infinity, a collectables game featuring player-vs.-player battles. With a string of positive news surrounding Decentraland, the game’s cryptocurrency, $MANA, has surged by over 38 percent over the past month, jumping to a market cap of over $100 million.
I think you might be reading too much into things. The guy probably just looked for cases where real life money was used for the purchase of virtual goods. He stumbled across Entropia, and simply pasted a few things from there. It speaks volumes that he didn't mention (or even knows about) Derptoken, the fact SEE abandoned the sale, any failed sales since, ComPet, and how MA had to rely on the players (and a Mysterious Last Minute Investor (tm)) to financially bail them out or anything newsworthy since 2011.
Next year someone will write an adver... er, I mean article about some yet unknown X, mentioning Compets as a success story. That's how history is made.
And THATS exactly the problem with media today...especially when mentioning things like...pr-gag-scammer-clowns. If the author would have done at least a bit of research...but he did not ! THAT is the problem. Because 2nd Life and Entropia are the only 2 examples in that section "Billions Hanging on a Thread"...so it must be true...and good...in the end its just some numbers. No matter if they are real or not...who cares. But hey, everyone is doing it, so it must be okay... But I truly scorn that kind of behaviour...just posting google results...and the masses go woohoo...because it is valuable info, that you dont have to research...also its posted on "cryptoinsider"!!!111...what could probably go wrong ? This is not the worst example for sure, because that was MindArks step to spam their Deepthroattoken on reddit...fuck...that was low, even in the swedish excellence of...tradition...or, CLD land plots...space...statues...no word of a possible scam... I also think it is very sad, that people dont do much research anymore and simply believe what is written. And thats also the fault of "writers" like Michael Kern...this was just another (paid) positive PR for Mindark, with not a single research attached...nothing else... I know everything is fast moving these days, in terms of "online"...so there is no time to do proper research. Just make money quick...repeat...die...good luck...you'll need it.
Even though MindArk could blame a dodgy marketing company for those Reddit fake posts they for sure knew what was going on and is very damaging for them. Made me wonder how many fake MA made avatars are walking around in EU encouraging or befriending new players with the aim of making the game seem better than it really is.
I’ll just add to my above post: because of Reddit-gate I seriously don’t trust MindArk as a company. Just wanted to spell this out in easy to understand language.
It never gets old... https://hornet.com/stories/brock-pierce-scandal-john-oliver-2/ p.s. As Im not the biggest fan of crypto, I also agree, "mining" just created another problem : https://powercompare.co.uk/bitcoin/
