Menu
What's New
By:
Filters

ComPet Announcement

Ok so compensation is debatable i agree. But howewer its a move in the right direction imo of MA :wtg:
 
Everything in this platform are made to create revenue! Nobody own anything except platform owner (IP's included except if there is a contract with a statement that changing this). Even LA owners living in an illusion of the ownership. When this "vessel" that it called Entropia goes down there is no legal obligation of any compensation. In this case the company care of the good fame and relation with "investors" - player base. This is a good reaction.
 
Last edited:
Bertha Bot said:
In order to minimize the impact of the decision to suspend development of ComPet, MindArk is offering ComPet Deed holders the ability to exchange ComPet Deeds for Arkadia Moon Deeds at a ratio of five ComPet Deeds for two Arkadia Moon Deed. The upcoming release will place two different NPC:s on Planet Calypso which will handle the transfer, one in Port Atlantis Mall Teleporter and one in Twin Peaks. The NPC:s will be available until December.
Click to expand...

The NPCs hold a total of 50 deeds each for all of EU and is first come, first serve! :dunce: :dunce: :dunce: :rolleyes: :rolleyes: :rolleyes:
 
There is nothing surprising here. Compet was a failure from the beginning, for the sole reason MA don't advertise. (And no, banners to people who already play is not advertising)

I said it from the beginning and I will continue to say it for everything MA do. They need to advertise.

I would say 25 ped is very generous, as they are only worth a couple of ped . . . if that! I am more interested in the deal they struck with Arkadia.

Rgds

Ace
 
Ace Flyster said:
[...]
I am more interested in the deal they struck with Arkadia.
[...]
Click to expand...

I'm interested if those that are very interested where the money for the deeds com from, own a deed right now.

The deal is most likely along the lines: "we, Caly, get X deeds and you don't pay Y service." - but there's nothing more than just a speculation and the deal won't be made public ;)
 
Crazy how different perspectives can be.

This thread reads like the most affected people are the ones voicing the most discontent. The ones that stayed away from what looked like an obvious recipe for disaster are the ones talking up this compensation move.

Very much like there was still some degree of belief among certain players that Compet might be rescued somehow. I looked at auction prices in regular intervals and always wondered who the people are that pay 30 or 40 ped for a piece of toxic pixelwaste.

At the very latest since the first "payout" it should have been clear that Compet is a monumental failure. Yet somehow the auction prices refused to drop to their fair value of somewhere around 0.10 ped.

Coming from latest auction prices before the announcement yesterday I can somehow understand that players who were holding on to their deeds don't feel like they got the best deal possible. May be the realisation still needs to kick in that those auction prices were purely based on unfounded belief & an inability to let go.

On a more selfish note, I am now more worried that MA makes all of us pay for their loss. Since after first weekend of Hog event the loot is atrocious. During the event I seriously started thinking an ATH is coming. The overall loot was just so unnaturally bad. Something had to be up.

Even now the "good" runs are very much 2.0 (rare in number & modest 102 or 105% tt at best) & the bad runs are in full 1.0 mode (60 and 70% runs galore with 70+ efficiency weapons or quantity crafting).

Here's something i would like MA to confirm. Loot is not nerfed to pay for all this!

Also, where's my compensation for losing 1000s on the crit buff scam (aka 2.0) ?
 
LuisArkadov said:
Here's something i would like MA to confirm. Loot is not nerfed to pay for all this!
Click to expand...
It is impossible for returns to -not- depend on the company's overall income situation. There are certainly limits and dampers built in to avoid wild and all-too-obvious swings but it has to balance out in whatever timeframe they can sustain before losses become too much.
 
WildD3mon said:
Can you please explain this ? what scam ?
Click to expand...

Going ever so slightly ot now so I won't reply to this again...

Introducing these crit buff items & pushing them hard right until 2.0 implementation. With 2.0 they took away the effect these items had on loot. Devaluing certain items by 40-60%.

One of those guns was main price at Easter Mayhem just before 2.0 (1.0 crit chance)
http://ftp.entropiawiki.com/Info.aspx?chart=Weapon&id=2494&ver=24502

There were more like it based on mayhem cat. Those were da shit & folks put lotsa money into mayhem to win one or paid heaps to buy them off the winners. Just 2 months later or so these crit buffs lost their effect on loot.

This was the single biggest FU I experienced in my 5 years in game.

Who is doing development plans there at MA HQ? It must have been clear to MA that by the time these guns were handed out as mayhem prizes that 2.0 implementation will fuck the value of these guns badly. Why did they go through with it? This was reckless if not deliberate. Will never forgive that & never buy any items over a certain value again.

For the record I didn't own any of these guns but i got screwed heavily on an Aug Ares.
 
LuisArkadov said:
Going ever so slightly ot now so I won't reply to this again...

Introducing these crit buff items & pushing them hard right until 2.0 implementation. With 2.0 they took away the effect these items had on loot. Devaluing certain items by 40-60%.

One of those guns was main price at Easter Mayhem just before 2.0 (1.0 crit chance)
http://ftp.entropiawiki.com/Info.aspx?chart=Weapon&id=2494&ver=24502

There were more like it based on mayhem cat. Those were da shit & folks put lotsa money into mayhem to win one or paid heaps to buy them off the winners. Just 2 months later or so these crit buffs lost their effect on loot.

This was the single biggest FU I experienced in my 5 years in game.

Who is doing development plans there at MA HQ? It must have been clear to MA that by the time these guns were handed out as mayhem prizes that 2.0 implementation will fuck the value of these guns badly. Why did they go through with it? This was reckless if not deliberate. Will never forgive that & never buy any items over a certain value again.

For the record I didn't own any of these guns but i got screwed heavily on an Aug Ares.
Click to expand...


I don't think that their effect was lost , you get more dps with crit and eff makes your loot composition better . Its not MA fault that people who run ava 24/7 in garage company bubbled the crit items price to the sky .
and who told you to pay thousand of dollars for a 1 dollar item ? and now MA has to makes sure that is stay so...because my *investment*
 
WildD3mon said:
I don't think that their effect was lost , you get more dps with crit and eff makes your loot composition better . Its not MA fault that people who run ava 24/7 in garage company bubbled the crit items price to the sky .
and who told you to pay thousand of dollars for a 1 dollar item ? and now MA has to makes sure that is stay so...because my *investment*
Click to expand...

This goes around in circles again though with the: MA doesn't care what values we put on items, but they do when it suits them.

Smiling......It's like MA saying we implemented loot 2, so your 50K item is now worth 1K within the game market, we've took this into consideration and now willing to buy the item back off you if you're unhappy for 2K peds.

Ohh and BTW, you should be grateful we're making this offer to you, as we're offering twice the market value.

It reads like a comedy sketch.

Rick
 
Xen said:
You were guaranteed a percent of revenue, that's not a guarantee there will be revenue. Calypso already had long term revenue so CLD were lower risk. ComPet was a startup, you bought rights to a percent of revenue when there was no revenue yet.
Click to expand...

Agreed, so if I bought a box of cakes and opened that box and there were no cakes in there, naturally I would return the empty box and get my money back in full...smiles.

The debate in here is much more funny than the actual seriouness of the situation.

Rick
 
San said:
It is impossible for returns to -not- depend on the company's overall income situation. There are certainly limits and dampers built in to avoid wild and all-too-obvious swings but it has to balance out in whatever timeframe they can sustain before losses become too much.
Click to expand...

Exactly. Sorry, I made an accusation and phrased it like a question. (married for 10 years. tend to express myself in weird passive-aggressive ways sometimes)

Your answer to my 'question' is very much pointing out the obvious. Privatise the profits, socialise the losses. As you were...

Giving some burned investors 25% compensation on their losses & then recuperate this 'compensation' from the rest of the playerbase is not a sustainable way of going about things longterm. I did not invest in Compet for a reason and now i'm paying for it's failure anyway.

It really is time for MA to come clean on strategy & clear communication thereof. Acknowledging publicly & believably that grave strategic errors were made.

Focus on shit players care about. On that note, I'm sure the new camera system will totally turn things around!
 
RickEngland said:
Deeds have always been sold as revenue deeds. They're a promise to pay revenue not shares and never will be shares. If you was to check that with MA lawyers they would agree with that statement. It is only an investment if you want to use that word because you are investing for a return. In fact when MA sold CLD they were so concerned about rights on those deeds MA lawyers expressly confirmed the deeds were simply revenue entitlement deeds.

Therefore it implies all deeds are designed or placed to return an income. They are more akin to gilts if you consider MA as the government of the game. So pretty guaranteed.

It's important people understand this for their own protection. However it would appear players actually want to be screwed and calling for that. I find that unbelievable.

Therefore legally I would not be surprised if deed holders for Compet would be entitled to a full refund because the deeds did not deliver the intention of sale. Which was a promise of revenue. Now MA want to shut it down.

Now if players want to ignore their legal rights, and call it a venture capital investment, then that is a foolish view, because we leave ourselves open to abuse.

In my view MA are the lucky ones should we accept their offer. I'm pretty confident I'm correct with this legal interpretation . But rather say no I'm wrong, go see professional advice to confirm this.

Im willing to let it go for the sake of them game. But for the record I'm just letting MA know that I know what they're attempting to get away with.

Rick
Click to expand...
Of course, you are absolutely right, and by we should, all of course start a lawsuit, but why spend on lawyer fees, etc. when it'll all be for naught, in an endless battle that would really probably just end up getting thrown out of a small claims court type setting (as value of each deed is below a certain level, etc.).... If you do turn the deeds in in exchange for the Ark Moon Deeds, your lawsuit idea blows up in your face since you took their offer (settlement?)... so you just have to laugh at it since doing otherwise will just lead to pissing and moaning about things we have no control over (you could argue that Mindark had, or more solely, Kim, had control over, but that's a thread for another forum, oh wait they already made it so you can't add any more posts to that forum)

I do agree, would be nice if they compensated for more, and also if they would offer special buff pets in EU to those of us that in compets that got our pets, or residence leveled in there above a certain level, etc., (they kind of go hand in hand since residence upgrade requirement required that at least one pet be above a certain level, etc.) but don't think it's gonna happen, so just more wishful thinking...
 
Last edited:
LuisArkadov said:
Exactly. Sorry, I made an accusation and phrased it like a question. (married for 10 years. tend to express myself in weird passive-aggressive ways sometimes)

Your answer to my 'question' is very much pointing out the obvious. Privatise the profits, socialise the losses. As you were...

Giving some burned investors 25% compensation on their losses & then recuperate this 'compensation' from the rest of the playerbase is not a sustainable way of going about things longterm. I did not invest in Compet for a reason and now i'm paying for it's failure anyway.

It really is time for MA to come clean on strategy & clear communication thereof. Acknowledging publicly & believably that grave strategic errors were made.

Focus on shit players care about. On that note, I'm sure the new camera system will totally turn things around!
Click to expand...

The reality is though, that depositors no matter what they spent their ped on, pay for both MA decisions and other players in one entire entity.

That could be:

Players that do not deposit at all
Players that withdraw (33% of deposits MA hold, I think their accounts stated).
MA salaries, bonuses, and number of staff hired.
Loss of less deposits based on deeds that allow players to deposit less than what they might have done.
Price of hardware and choice of the cost of that.
Decisions to use Cryengine, or other software that have ongoing costs.
Managing overhead cost of other player or planet partners, and balancing that with loot to pay their overheads.

The list goes on and on and on.

We could argue that some high level big gamblers running Explo, pay for a larger share than other players.
It's not simply an issue of pointing the finger at one problem.

What if Ark decided not to implement their moon at all, then MA would not have an deeds to offer (their cut of the deal)

What if the CLD holders start screaming that the game population has not increased sufficiently to justify yet further areas of the universe to be implemented, and thus unfairly watering down their deeds.

So it comes down to you; as your only cost towards the game and the decisions made by Mindark is what you personaly deposit yourself. Now it doesn't seem to bad aferall I would assume.

Rick
 
Last edited:
RickEngland said:
This goes around in circles again though with the: MA doesn't care what values we put on items, but they do when it suits them.

Smiling......It's like MA saying we implemented loot 2, so your 50K item is now worth 1K within the game market, we've took this into consideration and now willing to buy the item back off you if you're unhappy for 2K peds.

Ohh and BTW, you should be grateful we're making this offer to you, as we're offering twice the market value.

It reads like a comedy sketch.

Rick
Click to expand...


You don't understand do you ? there are no 50k items for MA . Markup is a Sum Zero Game for them . Only TT maters.
 
mastermesh said:
Of course, you are absolutely right, and by we should, all of course start a lawsuit, but why spend on lawyer fees, etc. when it'll all be for naught, in an endless battle that would really probably just end up getting thrown out of a small claims court type setting (as value of each deed is below a certain level, etc.).... If you do turn the deeds in in exchange for the Ark Moon Deeds, your lawsuit idea blows up in your face since you took their offer (settlement?)... so you just have to laugh at it since doing otherwise will just lead to pissing and moaning about things we have no control over (you could argue that Mindark had, or more solely, Kim, had control over, but that's a thread for another forum, oh wait they already made it so you can't add any more posts to that forum)

I do agree, would be nice if they compensated for more, and also if they would offer special buff pets in EU to those of us that in compets that got our pets, or residence leveled in there above a certain level, etc., (they kind of go hand in hand since residence upgrade requirement required that at least one pet be above a certain level, etc.) but don't think it's gonna happen, so just more wishful thinking...
Click to expand...

Yes exactly its not worth a lawsuit. But that doesn't mean deed holders couldn't negotiate a better deal, like 5/3 instead of 5/2.

However knowing how the game rolls, and my intention to be a part of it (in some form). I really don't want to be on the hated loot list for the next ten years. Other than finding some nice pets, I never did loot a cool item or get a 10K loot for the money I paid in, so I'd rather not make my situation any worse (on a personal level).

So let it go, suck it up,....and let the Gods of the game have their way. It is right though I think to let MA know we're being reasonable as well under these circumstances. Maybe they smile at us in other ways in future, once the diust settles.

Who knows

Rick
 
What I see here is that many people have no clue about how business works.

Compet Deeds is shares, comparable to any share traded at stockmarkets.

If you buy company shares at New Market (startup companys), and this company fails speak goes bankrupt after a couple of month, you get nothing. Its simply a loss.
Everybody investing in shares should know that.

Even if old and well known company decides to become big player and enters the stock market it can fail.

Good example was the German Telecom.

If you bought shares from German Telecom when they introduced the shares into the market for 10000€ compared to buying 10000€ of beer form supermarket, you would have had more money left in empty bottles after 1 year than your value of Telecom shares :D
The value of Telecom shares crashed!

Does it help to complain? NO! Its the market, shit happens.

Compet failed, easy as that.

What MA does here is very kind of them and it deserves a big + REP, as they could simply shut down Compet and leave you with worthless Compet Deeds, but they offer to transfer your deeds to ArkMoonDeeds, which will generate revenue.

Sure its still a loss for the investors as the revenue from ArkMoonDeeds shouldn´t be expected very high and the ROI (compared to original compet deed price), very likely won´t be within your lifetime. At least its not a 100% loss, and MA makes this happen that it isn´t a 100% loss.
So say thanks MA and get over it.

Short ROI calculation for Compet Deeds:
Compet Deeds originally bought at 100 PED / deed.
Transfered 5/2 into ArkMoonDeeds - makes 250 PED / ArkMoonDeed.
Expecting Moon revenue at 0.01 PED / day (realistic compared to AUD).
ROI will be 25k days or 68.5 years.

Lets say ArkPP introduces some nice content and revenue of ArkMoon Deeds is better then it could look a lot better for the investors.

ArkMD revenue 0.02 / day - 34.25 years
ArkMD revenue 0.03 / day - 22.83 years
ArkMD revenue 0.04 / day - 17.125 years
ArkMD revenue 0.05 / day - 13.7 years
ArkMD revenue 0.06 / day - 11.42 years
ArkMD revenue 0.07 / day - 9.78 years (that would be acceptable for most investors I know, but not very realistic)

For me it looks ok, better have something back than having nothing.

You have the option to take the loss now and sell your Compet Deeds at low price to those who like to use them to get ArkMoon Dees with ingame money, instead buying it from webshop.

Up to each one himself what to do now - transfer it to ArkMoon Deeds and hope for a good performance or sell it at a loss.

If I would have Compet Deeds (I don´t have any, as I never trusted in success of Compet), I would convert it into ArkMoon Deeds.
 
WildD3mon said:
You don't understand do you ? there are no 50k items for MA . Markup is a Sum Zero Game for them . Only TT maters.
Click to expand...

I do understand Mr smartie pants :p

Player A loot free gun and sells it to player B
Player B deposits 50K and buys 50K gun.
Player A withdraws 50K

For MA zero.

I'm not talking about the impact to MA, I debating the impact on the player.....the "flip side" and the morality of distroying value that player B paid after a Godly change to in-game dynamics.

Whatever...smiles and shakes hand.

Rick
 
GoNi said:
What I see here is that many people have no clue about how business works.

Compet Deeds is shares, comparable to any share traded at stockmarkets.

.
Click to expand...

I'll stop you right there. Prove to me they're "shares" and not revenue deeds and I'll start listening. Please understand the difference.

Rick
 
GoNi said:
What I see here is that many people have no clue about how business works.

Compet Deeds is shares, comparable to any share traded at stockmarkets.

If you buy company shares at New Market (startup companys), and this company fails speak goes bankrupt after a couple of month, you get nothing. Its simply a loss.
Everybody investing in shares should know that.

Even if old and well known company decides to become big player and enters the stock market it can fail.

Good example was the German Telecom.

If you bought shares from German Telecom when they introduced the shares into the market for 10000€ compared to buying 10000€ of beer form supermarket, you would have had more money left in empty bottles after 1 year than your value of Telecom shares :D
The value of Telecom shares crashed!

Does it help to complain? NO! Its the market, shit happens.
Click to expand...

So glad you're informed and know how it all works.

At the very least the 2nd tranche of shares sold to Joe Public got scrutinised by the authorities and Deutsche Telekom certainly had to pay up!

Sometimes complaining does help. Especially if you know the other side wasn't acting in good faith!

Edit: on that note, who's to say that MA came up with this measure all on their own accounts? May be someone actually did notify the authorities?!
 
I can't find the orignal buzz post at that moment selling "deeds", not shares, although I was just reading this:

https://www.entropiauniverse.com/bulletin/buzz/2014/08/08/ComPet-Bulletin--1.xml

ComPet Bulletin #1

MindArk is proud to announce that the auction of ComPet deeds is going very well, with over 1 million PED worth of deeds already acquired by participants looking forward to being part of the ComPet project. The MindArk team has been both thrilled and encouraged by the great amount of interest shown in ComPet so far! In this announcement and throughout the development cycle we will be sharing lots more information about the ComPet system, including design plans and concept art.

We have also collected a number of relevant questions received from support cases and community discussions, which we hope to answer in this inaugural ComPet Bulletin.

Why is MindArk creating a separate game on a different platform?
We have learned from our marketing efforts that many potential Entropia Universe participants are lost before even logging in to Entropia Universe due to inadequate computer requirements, internet bandwidth, or other factors. ComPet will give potential participants who are interested in the concept of Entropia Universe’s RCE-MMO but are unable to play the full PC version a chance to experience at least some part of the uniqueness of Entropia Universe.

Rick: What part of the uniqueness of Entropia Universe did Compet get then, just pet skins?

It was announced that in the free-to-play portion of ComPet, one can win points. What are the points used for?
There will be multiple currencies in ComPet. ComPet points can be obtained through lots of dedication to the game, and used to upgrade your pets or home as an alternative to using PED that can be bought for real money.

Rick What points?

Can you provide more information about a release date for ComPet?
Though it is hard to know for sure so early in the development process, we are currently planning for a release of the ComPet app in early 2015.

Rick: hahahaha

Will there be an alpha test process for ComPet deed holders?
A new game such as ComPet requires lots of testing and feedback, so this is something we definitely are considering.

Does this new project mean that MindArk’s development priorities have shifted away from Entropia Universe?
MindArk’s vision for Entropia Universe has always been about making the universe deeper and broader, with a variety of experiences and features available for participants of all interests. MindArk wishes to expand the RCE universe to improve the user experience while also creating more opportunities for participants to invest and earn profits. Introducing ComPet as a standalone game and connecting parts of it with Entropia Universe accomplishes both of those goals.

That being said, rest assured that MindArk will continue to develop the core Entropia Universe platform and content as it has done for over 10 years. Development of Entropia Universe will not be negatively affected in any way by the ComPet project.

Rick: MA changed their mind and didn't connect Compet it to EU


Why are there so many different types of deeds being introduced by MindArk lately?
Deeds are a great way for our participants to engage with the RCE model of Entropia Universe in a way that is totally unique in the gaming world. Previous deed opportunities have been a great success for everyone involved, and we plan to continue offering these opportunities to our participants in the future.

Rick: see deeds are deeds, not shares.

Will the ComPet app be available for iOS and Android devices?
The ComPet app will be offered as a standalone browser-based HTML5 application. This means it can be accessed from any platform or mobile device that has a modern web browser.

The original description of ComPet sounded a lot like gambling. Is this the case?
ComPet will be a skill-based game with some random elements included for balancing and entertainment value, very much similar to Entropia Universe.

Will all pets available in ComPet be inspired by Entropia Universe creatures, and will all pets used in ComPet be provided by Entropia Universe tamers and stables?
While the Entropia Universe taming system will definitely be a big part of the ComPet economy, not all ComPet pets will originate in Entropia Universe or be inspired by existing creatures. Many of the low-level ComPets will be generated by the ComPet system itself so that new players can get started right away. More details on the interaction between the Entropia Universe taming and stable systems and ComPet will be announced in the near future.

Rick: What happened to the Entropia taming system not being a BIG part of the Compet economy?

How does the ComPet app relate to the reimplemented Entropia Universe taming system that was announced not long ago?
As explained in the original ComPet announcement, the ‘traditional’ Entropia Universe taming system that was disabled after Version Update 10.0 will be reimplemented, with some exciting new features. In additon, the recently auctioned Entropia Universe stables will have the ability to sell pets and services to ComPet players.

Rick: Never happened, stables didn't sell pets to Compet, why?

Will Entropia Universe pets function in the traditional way, such as following your avatar, doing tricks, etc.?
As explained above, Entropia Universe pets will have all of their old functionality, along with lots of new features.

Rick: That happened in EU

Will whips still be a part of the Entropia Universe taming process?
Whips will work as they did in the original Entropia Universe taming system.

Rick: That happened in EU

What will happen to existing Entropia Universe pet deeds?
Existing pet deeds will continue to work, but the tamed creatures will have a unique status and cannot be tamed any further.

Rick: That happened in EU, and they were reduced in size.
 
LuisArkadov said:
So glad you're informed and know how it all works.

At the very least the 2nd tranche of shares sold to Joe Public got scrutinised by the authorities and Deutsche Telekom certainly had to pay up!

Sometimes complaining does help. Especially if you know the other side wasn't acting in good faith!

Edit: on that note, who's to say that MA came up with this measure all on their own accounts? May be someone actually did notify the authorities?!
Click to expand...

Yes, they had to pay something.
It was because they gave wrong informations about values of their owned imobiles.

The law suit went over 12 years and what they had to pay was very marginal for the investors.
To get anything at all, every single investor had to sue them to demand the compensation.

As I read in history, only 17k Investors did that, many small investors simply took the loss.

At the end all who invested in Deutsche Telecom at startup, lost a lot.

That fact isn´t really compareable to Compet Shares, as MA never gave any wrong or missleading informations.

But there is other examples:
Topware Interactive AG
Founded 1995 - bamkrupt 2001 - just a hint

Out off the bankrupt company the Zuxxez company was formed, taking over employees and assets.
Later in 2005 Zuxxez renamed back to Topware.

That didn´t help the investors, as they lost everyting with the bankrupt in 2001.

I am sure there is a lot more companys that failed, but to lazy to search.
The Topware just came to my mind, because I worked for them, jumped off the sinking boat in 1999 :D
 
GoNi said:
That fact isn´t really compareable to Compet Shares, as MA never gave any wrong or missleading informations.
Click to expand...

EXPLAIN TO US WHAT IS "NOT" MISLEADING FROM THE INFORMATION BELOW PLEASE.

Will all pets available in ComPet be inspired by Entropia Universe creatures, and will all pets used in ComPet be provided by Entropia Universe tamers and stables?

While the Entropia Universe taming system will definitely be a big part of the ComPet economy, not all ComPet pets will originate in Entropia Universe or be inspired by existing creatures. Many of the low-level ComPets will be generated by the ComPet system itself so that new players can get started right away. More details on the interaction between the Entropia Universe taming and stable systems and ComPet will be announced in the near future.

Rick: What happened to the Entropia taming system not being a BIG part of the Compet economy?

How does the ComPet app relate to the reimplemented Entropia Universe taming system that was announced not long ago?
As explained in the original ComPet announcement, the ‘traditional’ Entropia Universe taming system that was disabled after Version Update 10.0 will be reimplemented, with some exciting new features. In additon, the recently auctioned Entropia Universe stables will have the ability to sell pets and services to ComPet players.

Rick: Never happened, stables didn't sell pets to Compet, why?

Well....?????????

Rick

edit: Following this misleading information from Mindark, I not only spent years maxing my compet account, I spent years training in EU to Astonishing tamer for the purpose of all of this happening. It's actually making me angry now the bull-shit some people are writing, before they investigate the real facts of it.

If this continues, I'm demanding a f**king full refund. To put the record straight.

It's one thing if I accept a massive loss from MA, its quite another many in the community think the fault lies with the deed holders.

Rick
 
Last edited:
GoNi said:
Yes, they had to pay something.
It was because they gave wrong informations about values of their owned imobiles.

The law suit went over 12 years and what they had to pay was very marginal for the investors.
To get anything at all, every single investor had to sue them to demand the compensation.

As I read in history, only 17k Investors did that, many small investors simply took the loss.

At the end all who invested in Deutsche Telecom at startup, lost a lot.

That fact isn´t really compareable to Compet Shares, as MA never gave any wrong or missleading informations.

But there is other examples:
Topware Interactive AG
Founded 1995 - bamkrupt 2001 - just a hint

Out off the bankrupt company the Zuxxez company was formed, taking over employees and assets.
Later in 2005 Zuxxez renamed back to Topware.

That didn´t help the investors, as they lost everyting with the bankrupt in 2001.

I am sure there is a lot more companys that failed, but to lazy to search.
The Topware just came to my mind, because I worked for them, jumped off the sinking boat in 1999 :D
Click to expand...

Well, i don't want to start an argument but technically it was you who fielded the example of Telekom.

In any case all the things you mention are only looking at what went on in Germany. I think telekom was made to pay 120 million $ in the US (in 2005?!)

With regards to MA not having given wrong or misleading information I'm not sure I can go along with that either.

Everything might have looked innocently short sighted when the concept of Compet was introduced. However, at what point in time was it foreseeable (in real & in legal terms) that Compet will be a massive failure. At that point in time were Compet deeds still being sold through webshop?

MA & EU get away with so many things because they're small potato in the bigger scheme of things. Suppose the hosts of WoW would have done exactly what MA did and would have failed just as spectacularly, do you think they'd get away with it as lightly as MA did/does?

Edit: Serious question: Do you believe MA would have chosen the crowdsourcing path had they been sure about the success chances of Compet?
 
Last edited:
RickEngland said:
I'll stop you right there. Prove to me they're "shares" and not revenue deeds and I'll start listening. Please understand the difference.

Rick
Click to expand...

Agreed. They are not shares and absolutely wrong to call them shares.


GoNi said:
Yes, they had to pay something.
It was because they gave wrong informations about values of their owned imobiles.
Click to expand...

There is a lot of scope for lawsuit as far as compet goes. It would start with something along the lines of "misleading advertisement" wrt to there sales pitch of the compet shares and could go to " misappropriation of funds" where the onus would lie on MA to prove all expenses done were justified. EU laws are very stringent and yes it can take ages to actually get something out of it but a win is a win.

PS : Personally i just prefer a settlement both sides agree to :)
 
Last edited:
Sweden already got famous as country which hides and does Financial scams and other kind of scams in Fifa Worldcup this year. I will be quitting this game as soon my properties inside the game gets sold.
 
RickEngland said:


If this continues, I'm demanding a f**king full refund. To put the record straight.

It's one thing if I accept a massive loss from MA, its quite another many in the community think the fault lies with the deed holders.

Rick
Click to expand...


the fault lies with the deed holders though. i mean it was clear from the start that compet was just crying to be a huge failure. you took the risk because you wanted to believe in it, you didnt listen to anyone telling you otherwise and you got burned. well. sad but thats entirely your own fault. why invest in something that was designed to be a failure?

there are countless comments and explanations why this was going to happen. and it did happen. why blame anyone else but yourself?
 
RickEngland said:
EXPLAIN TO US WHAT IS "NOT" MISLEADING FROM THE INFORMATION BELOW PLEASE.

Will all pets available in ComPet be inspired by Entropia Universe creatures, and will all pets used in ComPet be provided by Entropia Universe tamers and stables?

While the Entropia Universe taming system will definitely be a big part of the ComPet economy, not all ComPet pets will originate in Entropia Universe or be inspired by existing creatures. Many of the low-level ComPets will be generated by the ComPet system itself so that new players can get started right away. More details on the interaction between the Entropia Universe taming and stable systems and ComPet will be announced in the near future.

Rick: What happened to the Entropia taming system not being a BIG part of the Compet economy?

How does the ComPet app relate to the reimplemented Entropia Universe taming system that was announced not long ago?
As explained in the original ComPet announcement, the ‘traditional’ Entropia Universe taming system that was disabled after Version Update 10.0 will be reimplemented, with some exciting new features. In additon, the recently auctioned Entropia Universe stables will have the ability to sell pets and services to ComPet players.

Rick: Never happened, stables didn't sell pets to Compet, why?

Well....?????????

Rick

edit: Following this misleading information from Mindark, I not only spent years maxing my compet account, I spent years training in EU to Astonishing tamer for the purpose of all of this happening. It's actually making me angry now the bull-shit some people are writing, before they investigate the real facts of it.

If this continues, I'm demanding a f**king full refund. To put the record straight.

It's one thing if I accept a massive loss from MA, its quite another many in the community think the fault lies with the deed holders.

Rick
Click to expand...

Because ComPet failed before it ever got to that point.
 
It didn't have to be a massive failure in my opinion, but if something is to be offered 'mostly for free', then who are the people who will pay money, and for what? Also, what percentage of players do they make up of an overall expected total of players?
Mainly, however, did MA keep to what they said the product would include? Answer: nope.
That's a biggie in terms of who you actually get as customers or not = EU players, for example!
 
You must log in or register to reply here.
Back
Top