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ComPet Announcement

Atrax said:
If there is anybody in your life, a real investor, please speak to them. I'm not going to include any IMO or explanation here because my related experience has no emotional value or impact to you at this time. Speak to a person that you know, in real life.

This venture has failed, and the option to recover 25% or so of your initial funds is NOT inconsiderable. The odds of MA doing anything to save compets after this announcement are a ridiculously low percentage, and the odds of them selling on something so heavily interlinked with EU IP are close to zero.

If they did manage to sell a property they couldn't allow to link into EU in the first place, the odds of that company developing it in such a way that it pays PEDs to EU players are low to nonexistent. They will be buying a dead product with no obligation to any deed holders should they manage to succeed with whatever scraps they bought.

The feeling of persecution by MA/EU are carry on stuff but now's definitely not the time to point by point any of that. Just, when you say you "can't take" it I hope that doesn't meant that you are going to walk away from the money on the table.

"Cut your losses" is a real thing. It is honestly a more important part of investing than anybody ever wants to think. When you see a good out, you take it. This one comes with an ongoing revenue stream that could, in theory, eventually recover your losses 100% +. Of course the timeline is ridiculous but also pretty much nobody in a venture capital fund or a startup funding round EVER got something like that.

Again, please, if you know any real investors or can speak to an investment advisor about this, it might help. Ask a day trader about cutting losses.

As for how this leaves you feeling about MA - you're not wrong there either. Obviously they know more about hiring lawyers at this point than hiring programmers. If you feel that someone sold you a prospectus and failed to make even a good faith effort to achieve the goals you are well within reason to be pissed. But speaking of those lawyers I doubt that anything actionable has occurred here.

In a case like this refusing to deal with them further is a pretty reasonable decision. Most of us would miss you.

Take the money though. If (USD)3k doesn't help your life right now, just leave it sit while you walk away for a while and it will chip away at those losses for you. You're in the middle of some real hurt and that's a horrible time to be making financial decisions or ultimatums about absolutes.

Something - again the pain and hurt are real but that's chemical, and it will pass. It's a variation on something I posted earlier in this thread but, if someone cuts your arm very badly, the first thing you leap to isn't "that really hurts I better just cut it the rest of the way off".
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You know...I sometimes really struggle to work my way through your novel sized writings...Though this might be your best post ever

Rick, I don't know you but just from your posts i take you for a hopeless romantic...in a positive kinda way...Always seem to stick to your instincts & ideals no matter what. But this time you may want to listen to others who mean well. Allow some cool off time before totally losing yourself in what certainly is a fucked up & painful situation.

I am still butthurt about a few things that went down over 2017. Deciding to cut my losses at some point, withdraw & take a break for even just a month or so helped a great deal. (not quite over it though, mind)

Investments go sour sometimes. When they do then 25 cent(ish) on the dollar pay back is almost unheard of. Frankly I did not expect any compet investor to see any of their money back at all.

It was thoughtless and reckless by MA to just throw this out there. Sort of giving the impression to players that it'll just be another banker like CLD and AUD. It never was. The mobile game market is so over saturated and short lived it just didn't make sense to even attempt Compet.

That promised features weren't implemented may be a contributing factor to Compet's failure but the prospects were very bad from the get-go.

Do take the compensation offered. The Compet game is dead.

Consider the alternative... a protracted legal battle stretching possibly over years? At best it'll be a Pyrrhic victory in the end. May be better payback but at the price of really bad vibes over a long stretch of time.

Take the missus on a euro tour (while you don't need a visa yet :D) & get the mindfuck out of your head.
 
RickEngland said:
There're so many posts now that investors should take the full hit for MA failures, that it doesn't inspire any confidence or appetite in future to trust MA, because such posts want the "customer" to take ALL the risk. I think that sucks.

Rick
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and that folks is THE reason this move is probably the beginning of the end... foretold by the prophets such as McCormick, EMW, and many others before them...

We can hope that it is not the case, as oft hope is born when all is forlorn, but after hope gets ripped from you time, and time, and time, and time again it gets harder and harder to keep seeing a dim light at the end of the tunnel.... or any emergency exit in sight.

We can hope this will refocus things on to Entropia to bring it better, but only time will tell if that happens, or if it's just more of the same... giving devs a reason to take longer vacations, etc. as they have fewer management meetings to attend since they won't be in meetings with the compet devs any more.
====================
http://www.entropiaplanets.com/threads/compet-income.19752/page-7#post-132622
 
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Svarog said:
90% of players are gone



90% of the remaining are gone



90% of the remaining are gone. On the bright side, there is no slightest lag anymore even at peak hours when all 5 users log in at once.
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You've been offline too long :laugh:
 
golddude said:
HOLY COW! Someone listen to this.
Whats going to happen when this game finally goes and people have thousands of dollars in items? "We will give you ped amount. MU will not be taken into account". Time to cash it. This is just a sign of compet closing.
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MA has always backed the TT value only of all ingame assets.
 
golddude said:
lol some company should buy out MA for the 10 dollars its worth and open EU without real currency value.... You know how much more fun this game would be if it had a currency that wasn't backed by a dollar? Subscription based, more players. Yeah, this game would be 120x more developed than whats put out now.

Compet is dead. Should have seen this from the beggining. It was just a horrible game. I downloaded it, played for 5 mins and deleted. They missed the mark.
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So what u'r saying is take the biggest positive thing about the game and remove it and it will be awesome. :) Interesting perspective.

Svarog said:
90% of players *who played in 2010* are gone
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Just rectified the statement a bit to reflect reality as per my understanding.

mastermesh said:
and that folks is THE reason this move is probably the beginning of the end... foretold by the prophets such as McCormick, EMW, and many others before them...
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I don't get the logic about how failure of compet marks anything EU related. It was a failed experiment and thats how i see it.

Captain Jack said:
MA has always backed the TT value only of all ingame assets.
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MA does not back tt value of all in game assets. At best as per TOU it backs 6 months of your deposits. At worst they actually mark 30% of the deposits as a liability as per there annual report.
 
NPV said:
Wait what? You have been here from 2007 and posting such nonsense?

This game is only alive for one reason - it's online casino, RCE. If you havent noticed graphics, gameplay, physics, replayability, "endgame", pvp, story, quests etc etc etc - it's all complete shite lol.

Have you not ever played any other games besides solitaire? Man, atari times ended like 30 years ago...
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Your post literally gave me cancer. Where do I even start? Maybe a grammar checking tool?
Jokes aside.

How long have you been here? Your forum date shows 2015. I've been following the game long before 2007. You were probably still in diapers? This game has taken a nosedive. You just haven't seen it. This use to be a really really good game. You could hunt so much with an opalo and 104 amp. There was no regen in HPs. Regen is just another way for MA to get more revenue. You could actually play for free because sweat was worth something. Thats what drew people to the game in the first place. Real money! You could actually play for real money! Ha! And it was true. Not anymore. This game is literally treated as a casino and it's sad. I feel like the game is at the end of its life cycle. The company hates responding to people. No information is ever communicated. If you want to see a company actually doing these things, go look at EPIC Games. They literally release reports on network failures, bugs, upcoming items, etc etc etc. Unreal. Thats mostly why I'm mad. They don't listen.

The post above me said 90% of the player base is gone? LOL WUT? Dead. The only thing left feeding this game is long die hard *Dare me to say it?* addicted gamblers and the occasional investor?


*Here comes the neg comments. You already neg repped the first one.
This was one was pretty funny and re-enforces my gamebling quote - Not from NPV
garbage dude. no RCE in this game is just out of the question. nothing about this games screams,.. yea.. i would play that for the excellent gameplay and exceptional graphics and cutting edge technology
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??? I literally laughed when I read this.

So if everything is shit, I have to ask, WHY are you still playing? Are you a gambler that just feels the itch? Probably not? Gotta be another reason.

Divinity said:
So what u'r saying is take the biggest positive thing about the game and remove it and it will be awesome. :) Interesting perspective.
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Hopefully Project Ion can eventually take over this aspect. Their development is pretty slow but they have made a game pretty similar and its up and running.
 
First time I ever got this:

You must spread some Reputation around before giving it to Divinity again.
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This thread has too much in it. Of too many things.
 
golddude said:
Hopefully Project Ion can eventually take over this aspect. Their development is pretty slow but they have made a game pretty similar and its up and running.
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:laugh:

Just checked the project Ion trailer.
It's just a cheap copy of project entropia.
Looks ancient!

Why on earth would we want to start all over with the same shit again after what we've build here???
 
oh that's why we've lost him overnight? :scratch2:
 
The end of ComPet isn't the end of Entropia. You guys are blowing this way out of proportion.
 
golddude said:
I've been following the game long before 2007
...
Thats what drew people to the game in the first place. Real money!
...
This game is literally treated as a casino and it's sad.
...
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Do you hear yourself when writing such a nonsense ?

That you could play for sweat in the past, was just because some players paid for it.
It was not money coming from MA.
This is still possible, but to many do it, thats why sweat has such low value (supply and demand!)

About those who deposit to hunt/mine/craft, it was always a gamble!

I remember the old days with 20 NoLooters in a row if it went real bad.
I remember runs with 20% and less returns.
Yes, I also remember the 5k+ Daiki young global messages (never happened to me).

It was designed from start that way, shoot - loot - win or loss.

I remember my mentors statemant back that days about hunting: HoF or bust !

Remvove RCE and EU will die, simply because that gambling aspect is the most thrilling part of EU.

There is tons subscription based games out there, many of them way better gameplay than EU, but we play EU, guess why.
Its the RCE !
 
BackBone said:
The end of ComPet isn't the end of Entropia. You guys are blowing this way out of proportion.
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No, you're right, but for some players (like Rick) it was the final drop to end Entropia.

But for the rest who stayed for away from Compet it does not make a difference.
 
wizz said:
No, you're right, but for some players (like Rick) it was the final drop to end Entropia.

But for the rest who stayed for away from Compet it does not make a difference.
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Is there a saying in English that everything has a final drop (of water) that can end it? In German, it's the drop that makes the barrel overflow; in English the equivalent I know is the last straw.

Anyway, MA seems to regularly find ways of providing their customers with "rage quit" or more prolonged "I've had enough" moments. New customers are probably not flocking to the game at a rate and deposits which outweigh this loss in my opinion. Thus, I think it does affect us if individuals leave for reasons which we don't see personally as the 'final drop'.

I wanted to see the promised links between ComPet and EU as part of what could be a great potential in the gaming world of linking different games.

Without this particular link now, what EU potentially still has is the idea 'somebody' has of linking game skill stats. You know how hard it is to gain skills in a couple of years of playing one avatar in one game. It is such a pity to have to start over when you start a new avatar in another game. It may help retention where you already are, yes, and you stick with the same game longer, but it also stops experienced gamers elsewhere trying out and learning different environments. I think RCE does still offer a big edge on other games which do not have it - and frankly, I think EU would be dead without it.

I still have some kind of hope that ComPet 'might' be 'saved' in order to promote this game interaction idea ...
who knows? !
 
jetsina said:
Is there a saying in English that everything has a final drop (of water) that can end it? In German, it's the drop that makes the barrel overflow; in English the equivalent I know is the last straw.
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Ah yes, it should have been the final straw (that broke the mans back)

In Dutch it's the same as in german, the final drop (that made the bucket overflow).
:rolleyes:
 
RobBuona said:
With all due respect - I know you are not happy with the news and that is understandable. But the biggest lesson learned from all this is that they tried to enter a market in which they did not have the means to compete.

Continuing to waste their resources in a market they can’t handle would not be good for anyone.
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Yep.

Condolences to those who lost in this enterprise but... let's be honest y'all know full well you deserve no compensation for your bad investment decisions. The hard but right decision for MA in this situation is not to kick the can down the road, by compensating the failed project from the working one. Just bury the corpse, draw the line right here, write off the losses and be done with it. By dragging the weight with you into future you won't avoid the Payday, you'll only delay it a little longer.
 
I blame MA for what happend and not bring the content we want on time . The cherry talking in forum wasn't enough to keep shit talking people away . So much trash talking from comunity so much cry babys that didn't even invest in the project .

PS Rick stop feed the trolls and let it die . Money comes and go but health is more important :)

09-17-2018 Justin Bieber - Long live 45 level Combibo R.I.P
 
Fifth said:
Yep.

let's be honest y'all know full well you deserve no compensation for your bad investment decisions.
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Let's be honest, Mindark is making it hard to make any investment decision not be 'bad investment decisions..."
 
mastermesh said:
Let's be honest, Mindark is making it hard to make any investment decision not be 'bad investment decisions..."
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Thats simply not true.

I still trust in CLD,AUD and MoonDeeds, beside that I consider a LA a good investment aswell, just matters how you manage it.

If MA introduces new planets and to finance it with new deeds, where revenue is based on turnover or simply a tax from that new planet, I would trust aswell.

Compet was a completely different story!
 
Fifth said:
So it's MY fault now that YOU made a bad investment decision? When a bad project ends bad it's the fault of those people who point out it's bad?
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Mindark was making another product while they had problems whit their main product . Thats one of bigest reason people didnt try Compet or just siting and bashing it becasue of Eu Lag , loot chages and name it .

So much things to look after . They made the right decision to kill it and give little to investors and book closed.
 
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why reimburse high risk investment?

So...I bought a bunch of biotec shares the other week. They plummeted from $100 to $25 within days when the company found out the product they were making wasn't sellable.

But guess what! NASDAQ contacted me and wants to trade my crappy shares with shares that actually pay dividend! WOW, I had no idea the stock market worked that way!


Or wait...am I still sleeping, dreaming all this? :eyecrazy:
 
LavaSparks said:
Or wait...am I still sleeping, dreaming all this? :eyecrazy:
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the difference is, that EU is not a heavily regulated financial market empowered by the most educated people, but a tiny company's funny project that sadly failed and they dunno why.

:wise:
 
Nah take it easy bro, I never called anyone Hitler. If you read my post you'll find it's true. All I'm saying, MA went soft on investors and I don't agree with their decision, or the business philosophy behind it. But, that's just a subjective opinion of one person, other ppl may disagree with me and I'm perfectly OK with that.

Also, Sionkewitz reminded me it's not the time to stir up emotions. As much as I would like to argue against it, have to admit he's 100% correct. So, please, accept my apologies, everyone I might have offended. I'll step down now and rest my case.

What's done is done anyway, time to move on. :smoke:
 
To the point of derailed thread.

It sure helps Conpet deed owners who still lose a ton, but the move is totally desperate. They saw how bad their projects get financed, when they screw the community so bad. *beep*coin fiasco was a good example how community pulled a finger on them.

Investors will still lose a lot, but don't get fooled by the move. The payment to A team and Conpet deed campaign will be financed from TT. In no known or parallel universe it will be possible, that Timkrans and the clown company will pay for it themselves. Maybe they financed it from *beep*token sales? And then finance *beep*token from next "investment" plan?

From Mindarks point of view, it's a brilliant move. +rep for the move, though whole community will pay for it, but with their next shenanigans Rick and the investment team will remember this move yesterday and will invest again, even more they put into Conpet :)

Well played PR team, well played! (Y)
 
What I'd like to see is how exactly did they volatilize 2 million dollars. I seriously want to see a report on this.

Ok we lost, it was a risk. Fair enough, little compensation? cool very nice. But how on earth did you burn $2M, the game isn't even on alpha by most standards.

Sorry for anyone that lost big, don't listen to the smarty pants. I'll learn from this mistake and hopefully never fall for it again.
 
Angel O2 Mercer said:
But how on earth did you burn $2M, the game isn't even on alpha by most standards.
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They never said that all deeds are sold. For all we know, they might have sold only a half (so much at least they stated in the first compet bulletin). And time flies fast but it's been 4 years already, all the while they had had to pay to the 3rd party dev team of 10 people, because I doubt those agreed to work for dreams and promises.
 
Svarog said:
They never said that all deeds are sold. For all we know, they might have sold only a half (so much at least they stated in the first compet bulletin). And time flies fast but it's been 4 years already, all the while they had had to pay to the 3rd party dev team of 10 people, because I doubt those agreed to work for dreams and promises.
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Fair enough, I thought all deeds sold out.
 
jetsina said:
Is there a saying in English that everything has a final drop (of water) that can end it? In German, it's the drop that makes the barrel overflow; in English the equivalent I know is the last straw.
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If it can rain on Dune, it can rain anywhere jetsina. ;)

One of the problems (there were several) was those that bought deeds in Compet didn't even bother to play it, let alone promote it or tell others about it. This I found more than surprising.

This is no longer relevant, but part of what went wrong - especially with Mindark relying on word of mouth advertising. It shouldn't be relied upon any more. It clearly doesn't work.
 
I see this a MUST move for Mindark. Or they would loose the respect for future Deed types and owners...

that said, one should have been allowed to chose wheather to get a Calypso Land Deed or some of the Arkadian ones!
 
chronos said:
I see this a MUST move for Mindark. Or they would loose the respect for future Deed types and owners...

that said, one should have been allowed to chose wheather to get a Calypso Land Deed or some of the Arkadian ones!
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1. not a must, but a fair move done by MA.

2. not doable for CLD/AUD, as all these deeds are sold out, MA don´t have any left.
 
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