Excuse Me, Do You Take Project Entropia Dollars?
from the charge-it-to-the-game dept
If you just had a long day of work inside a MMORPG, now there's a debit card for you. The creators of Project Entropia are now offering a card that can be used at any ATM to instantly convert the game's currency into actual cash. In the past, if a user wanted to convert in-game assets into cash they needed to sell their wares or gold pieces online (eBay typically). The tighter integration between the real-world financial system and that of virtual worlds expands their potential role as economic laboratories. For example, in this scheme Project Entropia converts PEDs (Project Entropia Dollars) to US dollars at a rate of ten to one. But in the real world, fixed exchange rates are hard to sustain (ask China about that). It'll be interesting to see if they ever need to move to a floating exchange rate, which naturally occurs in other games when transactions occur over third party channels. The games could also help us study free banking, a system whereby banks print up their own currency in the absence of a centralized issuing authority. Banks (and in this case the various virtual worlds) have a strong incentive to maintain the strength of their currency by not printing too much of it. Already some companies like to recruit game players, how long will it be before Wall St. starts looking to gamers to find currency specialists.
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I QUIT!!
I hope this game doesn't suck.
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Re: I QUIT!!
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Re: Re: I QUIT!!
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Pfftttttt.....
Add to the above scenario the bank fees for the ATM...
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Re:
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Re: Re:sir you are also an idiot
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Not sure this really studies free banking
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Re: Not sure this really studies free banking
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Explain something to me
At least that way, there's no need for capital.
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Josh is right
It used to be fairly easy to get started with little to no cash being invested, but they changed several things that pretty much ensured you had to invest your cash first. In short, they showed their greedy side, and it was ugly. This was what really turned me off to the game, and I haven't played it since.
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Re: Josh is right
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worth mentioning
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working url
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Second Life
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Private banks printing own currency
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Explanations for All
1) You can make money in the game without investing. There are several jobs that the average n00b can do to earn PED. I forsee serious disaster, as outlined below.
2) Many people do invest, which keeps the company running. Just like the SIMs, you want more options, you pay more money. In this game, however, you can use this money to make more, and transfer it back to yourself as profit.
3) The disaster is that many people are becoming irate over MindArk's apparent lack of concern for game glitches and variable settings. If too many people pull PEDs and run at one time, MindArk will be filing for bankruptcy.
4) My plan is to play for a year or so, acquiring skills in all forms of work, then invest. You might ask why, and here's your answer: MindArk makes most of its money from n00bs who waste their investment on repairs, and waste PEDs on paying too much for items on the street and in auctions. Therefor, my thought on the game is that your best idea is to make it on your own for a year or so, then invest when you know what you're doing.
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Re: Explanations for All
the six jobs thatyou're talking about?
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Im a EU Noob
So basicly, if you have loads and loads of time, and dont mind doing the exact same thing over and over and oevr again this game is so for you :P
2 things that bug me the most:
you cant rotate left and right, you use the mouse to run and turn and asdw to move in directions, GIMME a ROT to right and Rot to left geeez
and
You can attack or do anything at the beginning except sweat mosnters, so basicly your a baby with a cup around these beasts.
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Re: Im a EU Noob
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Let me tell you, its made for you to lose, but have a good time.. ull lose in the long run no doubt, they wont give you free money + pay for there servers and developers....
Games are made to be fun, and thats what you do, i know it anit fun losing money...
oh heres a tip, if u want to play, this isnt a game u sit for 10 hours , ull waste alot of money doing that....
u have a better chance if u do 1 hour to 2 hours a day, and if ur making money...
1. ur lucky
2. ur doing the right thing
3. both 1 and 2....
if ur making money in the long run, keep doing the same thing, its because ur playing the game right, but everytime u gain a dollar, many people are losing dollars ... plus ur paying for the developers/servers..
sorry for repeating my self but, to make money on this game its worst then the casino :S, they suck more money outa you...
Play for Fun, not to make money...
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They Obviously have a system, where they ENSURE they do NOT lose money, they give the money others lost to you and keep a certain % of all money..
EG of a system
everytime u shoot, u waste X cents, and u repair ur stuff for Ycents
20% of the X cents, goes into there pocket
80% of the X cents goes into a Pool, where they will distribute the money by a game of chance. and they keep ur Ycents....
EG of skill in the game is
Hunting = Accuracy, Maybe the type of monster u hunt, if the system pool is only for that monster, say a noob being hunting all day and got nothing, the item pool for that monster might be high and u go and rake in the goodies, if it works like that...
if its like a Slot machine, then only skill is accuracy...
Mining, in the game there are mining region, when people mine then they dispear and maybe have a respawn time, where it respawns within a region, maybe not a timer but a system where X dollars are lost in the region it will create a Node..
its all systems.. to ensure they are not also gambling there money :) because im pretty sure at start they did not have the money 2 gamble away.. maybe they do now.. btw systems might change every patch.. slighly or maybe not
remmber with Probablity the more u flip the coin, closer it will get to being Even ammounts of heads, and tails.... .. Good luck for those who wanta make money !! ull NEED IT
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Re:
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Probability
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This game sucks
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Re: This game sucks
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Re:
I had a "jackpot" few minutes after logged in for the first time ... was nor a huge amount but it was something like 60 USD.
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money
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Project Entropew
Even if you insert 10 bucks (100 PED), grind some loot and manage to make like 20 PED (The retarded name of the in-game dollar) you need at least 100$ (1000 PED) on your character if you wanna withdraw. You can already forget about your 100$ since you need to buy your first armor and lazer gun which cost about 20$, PLUS YOUR FUCKING AMMO that runs out faster than fat United-Statians running out of McDonald's.
Oh yeah, the loot you'll gather after using all of your ammo (Which should take about half an hour) is worth approximatively 3$ (Same as the most basic ammo). If you're not discouraged of playing by now, you really should reconsider your entire life.
So if you put in only 10$ and wish to make profit, you have to play for AT LEAST 6 months. Doing extremely boring stuff like gathering sweat (WTF?) from monsters.
It wouldn't be so bad if you could just say: "You know what? Fuck this "game". It's boring, inane, pointless, time and life consuming." and then withdraw all of the money, or what's left of it, but no. You need to have at least 100$ on your character in order to withdraw.
And don't give me that NeverDie idiot bullshit, that guy took out a loan of 100 000$ US while mortgaging his house, car and everything he owned to have his own space station and he's just lucky that his plans worked out and became a millionaire. He's the single father of 2 young kids and he gambled their life and security by doing that. His wife fucking died and the bastard just wanted his non-existant space station.
He put his fucking space station before the well-being of his kids. What a fucking son of a bitch. People playing Project Entropia are worse than emos, black ghetto people and rap put together.
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Pe
There is an element to the game beyond luck and i have no problem finding peds when i need them.
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Re: Pe
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Worst game ever
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http://www.metarl.com/register.php?referral=justinmazo
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Free pez?
Haha, a game model built with swords more expensive than guns in the immediacy, waste all your ammo sense and also making you "sweat" as if sitting at range with a gun not "sweat farming" up close and near mobs within a set range to build peds is good. Most people I saw on today in many areas were either grouping for fun or trying to farm sweat and hawk it to people "Vibrant Sweat", damn, it's a vibrant thing. Where's Q-tip when you need him, he'd probably throw some money at a sword and laugh at the sweat farming peeps wasting shots on ammo, I fully understand why someone was making fun of a player today farming sweat for ammo. ^_^
Personally, I'd buy a really shiny sword for a few bucks, vendor it and then get the card so in the future if I want to buy a shiny sword to use I could always vendor it and get half my money back unlike ige and other RMT markets. ^_^
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Melee weapons tend to decay very quickly.. whereas your gun will last you quite a while.
I've been studying the way things work a little.
Its not the same as a casino in that chances are 50/50. MindArk has put it somewhere closer to 40/60, so that they always come out on top in the long run.
You CAN make $ in Entropia, but Not from the company. Not likely to do so through hunting or mining. Only through trading or providing a service to other players, can you get those $ from the other players.
MindArk does make $, every time you fire off a round. Every time you auction something, every time you repair. All that is $ in their pocket. Some of it is given back in 'random' loot.. which probably ain't so much random as it is based on a business model as suggested above..
Ped spent on repair, terminal purchases, and auction levy gets pooled.. MindArk takes a cut.. say 20%.. and the rest is 'randomly' redistributed in materials on mobs or in mining.
And then there's the crafting business.. but I dunno about that yet ^^
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Dont believe the hype
It takes YEARS to build up EXTREMELY tedious skill points to make the game even the least bit profitable. Especially if you are putting US dollars in the game.
It is set up in the beginning to be mind numbingly fustrating because you have absolutely nothing but a deteriorated jail sweatsuit which you cant even put back on if you take it off. If you take off any clothing they deteriorate which costs you money to repair so its not like you can run around wearing damaged useless armor, you cant even equip it if it gets too low.
You have to chase around and suck the sweat off of hostile animals for .5-.6 cents a bottle which you cant just turn in someplace, you have to stand someplace and try to find a buyer so you can get enough money to buy a cheap gun which will need ammo which you will not be able to afford without more sweating.
There are "societies" that you can join of other players who can help answer your questions, the only high mark for the game is the people, most of them are very cordial.
The look of the game is nice, the music is ok, and for the most part if you like to explore, its not bad for a free to download game.
Just dont kid yourself, if you want to make money in it, apply for a job with mind ark.
If not, be prepared to deposit $100.00 US per month for at least a year or put in a few thousand to get a store in a mall where you can sell your stuff.
this advice goes for second life too, which i also explore- if a game is free to download, and it allows you to put money in, consider the fee at least 2K plus 1year of looking around.
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I like the game = )
At least with this game, you do it for entertainment, and a chance to invest in skills which may make you money some day if you do it right.
Yes, I think the odds are towards PE = ) However that does not mean if you're smart you can't also take a cut. You don't have to scam other players either, to make money.
Project entropia is a great game. I just wish they would get rid of those slutty outfits they have for the characters.
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For the money pincher it is smart to be thoughtful where the money goes. When you put money into the game there is an amount taken off as a tax, remember that.
Second, when you sweat it takes forever but remember that if you sweat an animal and then kill it you will have possibly already paid, via sweat, for the ammo spent killing that animal.
Third, you don't want to get into this game just to make cash- typically doing that for anything but a real job just doesn't work.
Fourth, get a mentor and be smart about who you choose as they could screw you over just to get a gift later.
Fifth, don't waste ammo and make sure to read up on items before you buy them as some things are better to put off buying.
Last, there is a market in the game and prices go up and fall so you want to be timely about buying things.
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making money without investing
just need to know if selling sweat is the only way to make money without time wasteing
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Entropia
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Free PEDs
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