Entropia Universe and Metaverse

WangXiang

Dominant
Joined
Mar 22, 2009
Posts
407
Location
Bringing along the moon with me
Society
Guardians of Evolution
Avatar Name
Wangxiang WangXiang Tuxing
I have compared the current Entropia Universe homepage with its previous version.

Previous homepage:
0xSuRT1.jpg


Actual homepage:
45uT2YI.jpg


Do you see the difference, apart from the images?

This is the presence of the term "metaverse", which has become a bit of a buzzword in recent weeks when Facebook indicated that it plans to change its name to "Meta". Beyond words, it might be appropriate for MindArk to start thinking (if this is not already the case) about revisiting its model to fully enter the metaverse paradigm, which will deeply modify the concepts of digital value and ownership.
Ultimately this could mean for example that:
- The in-game currency (PED) becomes a token based on a blockchain infrastructure
- Estates, items and even avatars are attached to non fungible tokens (NFTs).

What do you think?
 
Last edited:

Sulje

Old Alpha
Joined
Dec 4, 2017
Posts
834
Location
Frankfurt, Germany
Society
The Prodigy
Avatar Name
Sulje
I have compared the current Entropia Universe homepage with its previous version.

Previous homepage:
0xSuRT1.jpg


Actual homepage:
45uT2YI.jpg


Do you see the difference, apart from the images?

This is the presence of the term "metaverse", which has become a bit of a buzzword in recent weeks when Facebook indicated that it plans to change its name to "Meta". Beyond words, it might be appropriate for MindArk to start thinking (if this is not already the case) about revisiting its model to fully enter the metaverse paradigm, which will deeply modify the concepts of digital value and ownership.
Ultimately this could mean for example that:
- The in-game currency (PED) becomes a token based on a blockchain infrastructure
- Estates, items and even avatars are attached to non fungible tokens (NFTs).

What do you think?
Current system works perfectly, there is no need for NFT scam or any crypto crap around Entropia.
 

Slippery

Stalker
Joined
Oct 29, 2006
Posts
1,689
Location
Sweden
Society
illuminox
Avatar Name
Leon Slippery Shockwave
🤣

Fiat system is going the way of the dodo.
Good luck.

You are right, the FIAT system have problems

But,

When FIAT 1 fails it is replaced by FIAT 2. If the current Dollar fails, PED will be tied to the new dollar. That has been the way for 1000 of years. One currency dies another is created. Average life of a currency is around 40 years. Hyperinflation is nothing new.

The current system works and will work with any currency. Switching to something a fraction of the population use will only create mistrust

If the dollar fails however, Entropia will be the least of your problems (most likely)
 

Vadio

Alpha
Joined
Mar 7, 2008
Posts
568
Location
Space
Society
Freelancer
Avatar Name
Jhan Delarea Freitas
Mainly reason to people want entropia become NFT

1 - Its Easy to take off you assets and transfer out
1.a or tell me sell you skills its easy since relay ESI drop and still have no way to calc you true skill value . since you dont even know whats skill do except looter i guess....

2 - Earn vs Time/Money Spend....
Most NFT games out there you spend around 100-1000 usd to play around 2-3h per day and have ROI around 1 moth up 3 moth
Meanwhile in Entropia you spend whole day and still lose bunch of money , i got its need exist to not create hyperinflation like PVU(or others) and die fews moth , however is clear to me if entropia want hit large audiences out theree or large share of playerbase need create better/equal oportunity to draw this players in both side of coin and make universe growing ,as believe they need do something radical to envolve economy , fixing craft link between and make they acessible even boosted returns can be long term solution since they consume MU from hunt and minning but its one idea behind many out there alred discussed so many times here

3 - Mindark doing , awalys do... think they are king , and NFT/Crpyto just one thing not going influence game itself and they are incredible wrong
even most White Knigth of this game have foundations shacke after see better deals like point in bullet 2 .... Meanwhile .... mindark doing?

what hell mindark come with last plan raise 800k selling treasure island , and bare say if they going do or just leave same way they did CP or many others deeds If you think about how much actual treasure island worth you going figure out that is near 0 and people know it , said above economy need kind overhaull to sustain new good deals.. if you only keep drain playerbase money this game not be better that any ponzi scheme out there

However not worrier boys its probably going be sold quick most share be brougth from white knigths that heavly have large sum in crpyto and use this game as "themepark" deposit . spend , fun and make money somewhere else,,,, not long term metaverse where you can come here and make money as used to be , before all this NFT games or Crpyto . maybe mindark forget they vision... lost somewhere before cryengine 2 update in 2010.

yo mindark wakeup
 
Last edited:

AxeMurderer

Elite
Joined
Nov 15, 2010
Posts
3,105
Avatar Name
Wand AxeMurderer Silva
I see CLD housing button is missing.
Other than that F*** blockchain and NFT!
 
D

Deleted member 26456

Guest
Other than that F*** blockchain and NFT!
We are on the brink of a real life, hard fork, choose wisely.

Door 1: FIAT 2 (CBDC) Blockchain
Door 2: Do some research.
 
Last edited by a moderator:

Wistrel

Elite
Joined
Mar 31, 2005
Posts
2,773
Location
The Arctic (GMT)
Society
Entropia Pioneers
Avatar Name
Wistrel (Wisty) Chianti
It's just MA jumping on whatever bandwagon will get them media interest. They do it all the time. Nothing unusual here at all. In this case you could even just call it SEO since metaverse is likely a trending search term of late.
 
D

Deleted member 26456

Guest
It's just MA jumping on whatever bandwagon will get them media interest.
MA will open door 1, as ETH is also behind door 1.
But ofc MA ain't that fast, and probably will try to stick to FIAT 1, basiccly same as FIAT 2.
Long story, i'm not going to explain it all.
 
Last edited by a moderator:

Corwin

Dominant
Joined
Jan 16, 2016
Posts
379
Avatar Name
Corwin The Prince
lets hope that at least they take a serious decision, last time they did it was a catastrophe ^^
 
D

Deleted member 26456

Guest
Name metaverse creeps me out.
I wonder why?
ooow, I know why:
Door 1: fiat 1, fiat 2, ETH based crap (fiat 2)
ETH max supply - ? Unlimited, the money printer goes brrrr, and ofc PoS.
I like door 2. 😉
 
Last edited by a moderator:

Msturlese

Prowler
Joined
Mar 7, 2021
Posts
1,005
Location
italy
Society
Dirty Dingos
Avatar Name
Marco Killy Stur
some word are sales baits
blockchain, circular economy, ESG, NFT, einvironmental, and such...
web search engine crawlers map them and someone search for them so gets the page too
i am sure that if there was "Free porn" in the home page would get even more click.
 

warmdogg

Prowler
Joined
Apr 27, 2005
Posts
1,261
Location
UK
Society
illuminox
Avatar Name
BETA BINX BREAKER
I’d be disappointed if they weren’t using terms like “metaverse” in their marketing.

I think with the unreal engine, crypt integration of some form is a lot more possible, but there is no benefit to ped itself being decentralised, that I can see. However ped being linked to a “stablecoin” such as tether or facebooks metaverse currency which is also linked to the dollar would be more likely, with withdrawals to and from crypto enabled.
 
D

Deleted member 26456

Guest
However ped being linked to a “stablecoin” such as tether or facebooks metaverse currency which is also linked to the dollar would be more likely, with withdrawals to and from crypto enabled.
I agree.

But time will tell how long fiat 2 will be around, will it survive another 40 or 50 years?
Maybe, as people don't learn from the mistakes from the past.
I hope it will go the way of the dodo fast.
 

warmdogg

Prowler
Joined
Apr 27, 2005
Posts
1,261
Location
UK
Society
illuminox
Avatar Name
BETA BINX BREAKER
I agree.

But time will tell how long fiat 2 will be around, will it survive another 40 or 50 years?
Maybe, as people don't learn from the mistakes from the past.
I hope it will go the way of the dodo fast.

you could be right, but better the devil you know when it comes to economies. Digital currencies will have their time, but it’s still too soon even with the added benefits of tokenisation.
 
D

Deleted member 26456

Guest
you could be right, but better the devil you know when it comes to economies. Digital currencies will have their time, but it’s still too soon even with the added benefits of tokenisation.
Basically the same people are behind door 1, and as they don't want competition, nothing will change, hence why they will go PoS.
Door 2, power to the people basically.

Regular people just need to understand that concept.

And ofc the people behind door 1, know that door 2 is the perfect hedge against the door 1 concept. 😉
 
Last edited by a moderator:

Mika

Elite
Joined
Apr 22, 2009
Posts
3,666
Location
Haweewee
Society
How to Survive
Avatar Name
Zooey Kezha Hachiwara
The big reason EU hasnt been shut down and had its doors shut yet is and I would largely say because of how well documented the money trails are, of withdrawls primarily, but also deposits.

it can all be tracked as it goes through, well, "real" cash. The huge thing that makes crypto a thing a lot of people are still to vary about is due to it not being tracable.

That is not to say that crypto is not going to be the main thing in the future, or something else. But as long as it remains untrackable it wont be the thing that will pay your bills, give you your salary, etc. (Talking about mainstream here some people already live purely on crypto but they too have to go to "real" money at some point)

Its not so much about what it is, as to being with how it works. And when the premise of a currency is that you cannot track it, there is no control over where it goes, where it came from, where it was etc. Same principle goes for why a certain group of people tend to only use physical bills for obvious reasons.

For MA to operate only with crypto they would have to move the entire company and its asset to a country that would allow it. And we as players could suffer from poor RTP or other shady dealings, and have no ground to stand on should it ever surface to the light of day. Pr today, there are still records of all their accounting and MA would need to sort to a lot of hoops and what not to get away from trouble, so theyve done the routee of just trying to avoid it alltogether and be legit.

Nothing is perfect but.


I would however love to see MA opening for NFT's or crypto on the side where it would not interfere with directly with the entropia economy, because PED's are essentially a digital type of crypto that is regulated. But overall it could help make the game more popular
 
D

Deleted member 26456

Guest
"real" cash.
You know that your "real" cash is nothing else then a debt certificate?

The huge thing that makes crypto a thing a lot of people are still to vary about is due to it not being tracable.
?
Crypto is transparent, you can track everything, hence why they want to go CBDC.
They want to track every penny you spent. (KYC)
Only crypto that is not traceable is XMR, hence why they try to ban it on exchanges.

I will try to STFU now.
Good luck all. 🤣
 
Last edited by a moderator:

Mika

Elite
Joined
Apr 22, 2009
Posts
3,666
Location
Haweewee
Society
How to Survive
Avatar Name
Zooey Kezha Hachiwara
You know that your "real" cash is nothing else then a debt certificate?


?
Crypto is transparent, you can track everything, hence why they want to go CBDC.
They want to track every penny you spent. (KYC)
Only crypto that is not traceable is XMR, hence why they try to ban it on exchanges.

I will try to STFU now.
Good luck all. 🤣
I said "real" cash and not real cash. Money and currency is a human created concept no matter the name it has.

As for tracability, its not tracable at all.. Unless they have redesigned the entire blockchain system and redesigned what crypto (encrypted currency.......) was designed to be originally. if I know your BTC adress, I can send you money, and you would never in any way shape or form figure out who it came from unless you where doing a deal with someone and expected it. Same goes for any kind of crypto currency. You can see the traces but you cannot track it down to a single person. Or if I let you trace it, but then it wouldnt be very crypto, it would just be currency.

If you could, it would count as owned wealth, and you would have to pay taxes on it in most of the western world. Take Norway as an example where I reside a lot of people move their funds over to Crypto to purely avoid having to pay taxes on it. The only way the state will ever know, trace or elsewise know you as a individual has any crypto, is if you tell them. And if they can trace any place of you saying you have crypto, its taxable and counts as your wealth.

again, if you let them trace your crypto you're not really the wisest... as the whole concept of it is to not have a centralized system around it that govern your money. Hell its kind of in its name, Crypto. Encrypted, but as it grows way to big as it has in the past 3 years only, theres widespread panic i would say where banks are desperately trying to gain control over peoples crypto holding.

Again looking at Norway a lot of the banks here are looking into allowing people to have crypto currencies stored in their banking systems, because of above, if they know, its wealth, if its wealth, they can still earn money on it, and tax it.

god that sounded paranoid lol but yeah no, Crypto is not tracable unless you, the owner of it, let it be so. And I would highly recommend you not doing that. Not from any tinfoil kind of standpoint but in general.
 

Msturlese

Prowler
Joined
Mar 7, 2021
Posts
1,005
Location
italy
Society
Dirty Dingos
Avatar Name
Marco Killy Stur
PED is the perfect "min ting" or "seniorage" machine
you pay 2% seniorage fee to deposit (over 1% for credit card commission reverted to gamers)
you pay a 10% extra fee to change back in legal tender currecny from the ONLY aunthorized
currency exchange .
decentralization would be negative for a 12% sure thing profit even if a player get 100% returns.
this is a genial system that was born ages before blockchain
and is how the "digital euro" will work... CENTRALIZED, controllable money, no one escape to the taxman.

and all items can for sure be comapared to NFT apart ammo, that are per se fungible tokens
i see no benefit in purchasing ped via crypto, every crypto portfolio can istant change in USD
MA need to change nothing, and nothing is needed from Crypto users to intervene.

I would like more the fact that a BANK in game could change currencues into ped via external sites
or via paypal to compete with withdrawqals fee.
if you think to it it would be EVEN BETTER FOR MA due to the fact taht it makes more liquid and
istant the transfer... but no PED go out of game so they suffer no liquidity.,

a real RENTAL SYSTEM into game would give some dignity to the baks being now a useless pawn shop
(whose interest rates are outrageous btw and illegal in 90% of countries
 

lilmoo

Guardian
Joined
Jun 1, 2008
Posts
345
Society
Freelancer
Avatar Name
Mista Jagwarr Flayer
Sweden if a member of FATCA. The Foreign Account Tax Compliance Act (FATCA) is a 2010 United States federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report the assets and identities of such persons to the U.S. Department of the Treasury.

The tax laws in the USA are evolving quickly in regards to cryto and I hope MA is aware of the implications. Many European banks will not accept USA customers because of these laws, even for simple savings accounts due to the costs of compliance with FATCA. If crypto was integrated into this game MA would likely soon face the same choice. Remove USA related players or come into compliance.
 
D

Deleted member 26456

Guest
I can send you money, and you would never in any way shape or form figure out who it came from unless you where doing a deal with someone and expected it.
How on earth would you know my address?
Unless I gave it to you, so it would be traceable for the rest of my transactions on the chain.
So it is traceable as hell.
Yes ofc there are ways to go under the radar, but as soon someone on earth can link your address to your name, you are fucked.

Why do you think Sathoshi has still his BTC on his address?
He would be killed, uh, he would die on a sudden hearth attack.
He ain't stupid.

Sorry I did not read the rest of the text.
 

Sulje

Old Alpha
Joined
Dec 4, 2017
Posts
834
Location
Frankfurt, Germany
Society
The Prodigy
Avatar Name
Sulje
How on earth would you know my address?
Unless I gave it to you, so it would be traceable for the rest of my transactions on the chain.
So it is traceable as hell.
Yes ofc there are ways to go under the radar, but as soon someone on earth can link your address to your name, you are fucked.

Why do you think Sathoshi has still his BTC on his address?
He would be killed, uh, he would die on a sudden hearth attack.
He ain't stupid.

Sorry I did not read the rest of the text.
You my friend, are on a good path of getting abducted by aliens.
 

Mika

Elite
Joined
Apr 22, 2009
Posts
3,666
Location
Haweewee
Society
How to Survive
Avatar Name
Zooey Kezha Hachiwara
How on earth would you know my address?
Unless I gave it to you, so it would be traceable for the rest of my transactions on the chain.
So it is traceable as hell.
Yes ofc there are ways to go under the radar, but as soon someone on earth can link your address to your name, you are fucked.

Why do you think Sathoshi has still his BTC on his address?
He would be killed, uh, he would die on a sudden hearth attack.
He ain't stupid.

Sorry I did not read the rest of the text.

i can only presume you are trolling at this point.

why quote half a sentance and ask how could i know your adress. If the sentance opened with “if i had your adress”… stating an example to come if you had read it.

at the end of the day you just proved my entire post that crypto while transactions are on a ledger. Unless you yourself tie yourself to your adress there isnt any real way of knowing. ( there are but the amount of hoops isnt something someone would do just for to see if you can or cannot be taxed)
 
Top