what would be the benefit for player ?
and what would be the bad side ?
Great question Etopia.
If you disconnected the PED from the USD you give PED the ability to rise and fall. Its value would be determined then by Entropia Universe and its
value to the market place of gaming.
So the benefit is obvious here if you believe that Entropia Universe is growing and will continue to grow.
By disconnecting and allowing the value of the PED to rise or fall, our investment of PED has the ability to increase in value. If PED is worth 10:$1 now and we assume that this is the market value now.(meaning the market truly rates that as its exchange rate when open to a free market) then if we have people joining the game on consistent basis, faster than we have paid users leaving, then the value of PED has to go up per unit. As long as MindArk Puts a Market Cap on how many PED it will release.
PED effectively becomes a micro stock or in the most direct understanding, an actual currency with the ability to rise and fall in value depending on how well the “country” is doing financially.
Mind Ark is a cash positive organization, unlike the United States. So if that’s true, the value of Mind Ark should be rising as it creates new ways to interest its users and attract new ones.
I like the idea that my PED holdings can increase from 10:$1 to 10:$1.5 just because the game is doing better and there is more people joining.
If you really think about it, your deposits now you are investing into MA, the difference is your PED doesn’t reflect that. Mind Ark currently just eats that value (assuming it is there). However if there were a fixed number of PED like 100,000,000 eventually the PED runs out and your PED will start to increase in value (again assuming we have more people join the game).
We know Mindark is interested in us Viewing ped as a spendable currency, which is why they made the credit cards available to us a while back. What this does is bridge that game and allow people MA to collect transaction fees vs Visa/Master Card. The benefits for MA are exponential and are a different topic.