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Roblox is minting teen millionaires

bloomberg.com

61–70 of 312 posts

Re: Roblox is minting teen millionaires

#61

"In the next 10 years, Colley’s goal is to earn enough to go back to making Roblox games as a hobby." Kid is making $400k PER MONTH...and he wants to do this for 10 YEARS before he is comfortable retiring. Apparently his FIRE number is $40M. Everyone's threshold is different and personal. But I think it can reflect a level of anxiety about the cost of living. You aren't OK having $1M or even $10M - you need something…

> Everyone's threshold is different and personal. But I think it can reflect a level of anxiety about the cost of living. You aren't OK having $1M or even $10M - you need something far beyond before you feel OK to quit. It's not his fault, more of something the young generations are facing as their parents struggle with the relentless cost of living vs stagnated wages for most except the "laptop class". I am teen and…

As someone who been a teen long time ago, I can’t imaging someone in this age responsibly planning their retirement.

I’d 100% blow out all money on some useless crap.

If you are really a teen, who can think so clearly and far-sightedly, you are going to have a really bright future as an adult. I wish you luck and please do something good for this world, instead of chasing high paying job in FAANG.

Re: Roblox is minting teen millionaires

#62
The traditional Bloomberg money worship.

> But the platform’s more successful game makers say they don’t have complaints.

Imagine being a journalist and just accepting this and ending a paragraph with it.

> “In Amsterdam we did get a VIP table at a club overlooking everyone,” Zirschky says. “But we always make sure to try McDonald’s in every country.”

Blind consumerism making up for a lost childhood? Yikes, even for Bloomberg.

Re: Roblox is minting teen millionaires

#63
post #50

Earlier quoted context omitted.

> But they are not doing enough to protect children from predators My understanding is that the recent improvements are face scans, and communication limited to people within a few 4 year windows. They've also increased moderation of chat significantly, especially for the lower age windows. What low hanging fruit do you see? What's the "ideal" system? Seems like a hard problem, if any sort of cooperative communicatio…

It is indeed a hard provlem. No low hanging fruit. There certainly not alone, but have a bigger issue with grooming and predation since half of all kids use their platform. It would be an easy problem if the government put in place sensible reforms for age verification.

I thought that sounded off, Wikipedia says it's half of all American kids.

Re: Roblox is minting teen millionaires

#64

"According to the company, their monthly player base includes half of all American children under the age of 16." - Wikipedia 2 decades in the making, they are really hitting their stride. But they are not doing enough to protect children from predators and that's a huge legal and regulatory risk.

> But they are not doing enough to protect children from predators and that's a huge legal and regulatory risk. It's first and foremost a huge risk for kids. My solution is simple: my daughter (11 y/o) can play Roblox but she must be in a game with another friend (whom I know and whom I know her parents) and she must on a video/conf-call with that friend, using another device, while she plays Roblox. That way I hear…

[deleted]

Re: Roblox is minting teen millionaires

#65

"According to the company, their monthly player base includes half of all American children under the age of 16." - Wikipedia 2 decades in the making, they are really hitting their stride. But they are not doing enough to protect children from predators and that's a huge legal and regulatory risk.

> But they are not doing enough to protect children from predators and that's a huge legal and regulatory risk. It's first and foremost a huge risk for kids. My solution is simple: my daughter (11 y/o) can play Roblox but she must be in a game with another friend (whom I know and whom I know her parents) and she must on a video/conf-call with that friend, using another device, while she plays Roblox. That way I hear…

I feel like for a 11yo, you can't even explain the risks. Not just for lack of true comprehension, but also just kids shouldn't have to worry about that stuff, and just be kids.

Re: Roblox is minting teen millionaires

#67
post #50

Earlier quoted context omitted.

> But they are not doing enough to protect children from predators My understanding is that the recent improvements are face scans, and communication limited to people within a few 4 year windows. They've also increased moderation of chat significantly, especially for the lower age windows. What low hanging fruit do you see? What's the "ideal" system? Seems like a hard problem, if any sort of cooperative communicatio…

It is indeed a hard provlem. No low hanging fruit. There certainly not alone, but have a bigger issue with grooming and predation since half of all kids use their platform. It would be an easy problem if the government put in place sensible reforms for age verification.

> It would be an easy problem if the government put in place sensible reforms for age verification.

Implying there's a simple solution that isn't being implemented because they weren't forced to by law. So what is that simple solution?

Children typically don't have any form of government issued ID. You can verify someone is a legal adult (you probably shouldn't, but the point is that you can) whereas you can't easily verify that someone online is a child.

Re: Roblox is minting teen millionaires

#68

I mean, I don't understand why those young teens can spend that MUCH money on it, does their parents allow this virtual spending thing?

What used to go to local business as kids and teens spend time out together, it now goes to a single company on the other side of the world.

Re: Roblox is minting teen millionaires

#69
post #25

"According to the company, their monthly player base includes half of all American children under the age of 16." - Wikipedia 2 decades in the making, they are really hitting their stride. But they are not doing enough to protect children from predators and that's a huge legal and regulatory risk.

See this is why I think the whole age verification thing is backwards. If you want to create child friendly spaces then you need to verify someone's age is under 18, 16, 13 etc.. That's a way more real and tangible harm than a teenager looking at a nudie mag.

Please check this box to confirm that you do _not_ possess a government issued photo ID ...

Sorry, in order to use this service you will need to visit your local police station and have them verify that you are in fact a child ...

Yeah I'm not seeing how this is supposed to work. I don't think age verification solves very many real world problems. (It does mitigate some, such as alcohol consumption. Just not most.)

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