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“Play-to-Earn” and Bullshit Jobs

paulbutler.org

691–700 of 700 posts

Re: “Play-to-Earn” and Bullshit Jobs

#691
post #32

In the late 2000s, as a teenager, I was gifted a Runescape account. This account had level 80+ woodcutting, allowing one to chop magic trees - which would produce the most expensive lumber in the game. It took a staggering number of real hours to achieve this skill level, we're talking several hundred hours minimum. At some point I had realized that there were different sketchy websites that would buy and sell the in…

I'm hoping the rest of the story was you putting some of your magic tree earnings into a few hundred Bitcoins when they cost pennies, and you are now a Runescape multi-millionaire.

Re: “Play-to-Earn” and Bullshit Jobs

#693
post #32

In the late 2000s, as a teenager, I was gifted a Runescape account. This account had level 80+ woodcutting, allowing one to chop magic trees - which would produce the most expensive lumber in the game. It took a staggering number of real hours to achieve this skill level, we're talking several hundred hours minimum. At some point I had realized that there were different sketchy websites that would buy and sell the in…

I know a lot of people have fond memories of this kind of thing, but from a designer perspective, is it good that a game is so boring that players are willing to pay real-world money to skip parts of it? Runescape set up a system that was so grind-heavy that players broke server rules and wrote automated scripts to grind for them, and other players gave them money to do that. Because the minute-to-minute gameplay of…

> I can't get away from thinking of the experience 58x14 is describing is a failure of game design. 58x14 has fond memories of this because they were playing an entirely different much more exciting hacking game than the crappy grind that Runescape's designers had built and intended for the majority of their playerbase.

I can’t stop myself from reading this as an argument about the real world :) The grinding pricess certainly gets boring sometimes so we begin hacking a more exciting game on top of it for sure ;)

Re: “Play-to-Earn” and Bullshit Jobs

#694

Earlier quoted context omitted.

I can't believe the buy in is $1000, it would have to be a AAAA game to demand that price tag, but it's not so it's just a disguised Ponzi scheme. The way the media have been reporting this as a way for Filipinos to earn income is disgusting, because they're tricking financially challenged people to fall for this Ponzi scheme by making it look legitimate with the media attention.

Not just financially-challenged, but under-educated too. If your education was sub-par then it's easy to get tricked, especially with something as complex as the crypto world, where someone like me who had a great education, minted Satoshi's finest like they were water from a firehose, and almost 40 years of coding, still has a really hard time understanding the current plethora of blockchain shenanigans.

When you don’t have any evidence why an investment is sound, you simply should not invest.

Re: “Play-to-Earn” and Bullshit Jobs

#695
post #622

Earlier quoted context omitted.

The difference is that gold has useful applications which act as a floor for pricing and moderate fluctuations. Gold bugs can still lose their shirts speculating but a normal buyer knows the value will never be zero. Bitcoin is in contrast a pure fiat currency with very weak backing. Nobody has a need for it which can’t be satisfied at least as well by alternatives and it requires a very expensive always-on network t…

>Nobody has a need for it which can’t be satisfied at least as well by alternatives Have you ever tried to send more than $5k, $10k or $20k before? You basically can't with your bank without having to go through a bunch of hurdles or time delays. I can easily do that with bitcoin. Legit, real need for it that can't be satisfied with alternatives. In addition the bank is often closed on weekends, and doesn't service y…

I can and I have. I needed to fill out a PDF (digitally) and ask the recipient for their IBAN etc., but they're both magically long strings so that's equivalent to needing someone's wallet address.

After that it was a matter of uploading the form and getting confirmation in a couple days, which I'm gladly willing to accept for peace of mind when it comes to large transfers.

> In addition the bank is often closed on weekends, and doesn't service you into the night. My bank site "shuts down" at night. Sorry, but my ability to use my money isn't limiting by your waking hours.

Odd, banking apps are open 24/7 here and if it's an in-bank transfer it's instantaneous.

Re: “Play-to-Earn” and Bullshit Jobs

#696
post #622

Earlier quoted context omitted.

The difference is that gold has useful applications which act as a floor for pricing and moderate fluctuations. Gold bugs can still lose their shirts speculating but a normal buyer knows the value will never be zero. Bitcoin is in contrast a pure fiat currency with very weak backing. Nobody has a need for it which can’t be satisfied at least as well by alternatives and it requires a very expensive always-on network t…

And how do I send money to pay a bill with pre-existing systems? Pay a third party like Venmo, Square, etc a fee, or use my banks (also horribly designed and bad UX system) to send the money slower than watching paint dry. I'd rather pay the Bitcoin Miners that fee than a third party or even by bank.

Apps here (Israel) -- local Venmo alternatives & banking apps -- are as smooth as Bitcoin apps if not more. In addition, all local Venmo alternatives have 0 fees and 0 signup cost (they're all operated by banks due to financial regulations but have 100% interoperability with any bank & credit card).

Re: “Play-to-Earn” and Bullshit Jobs

#697
post #694

Earlier quoted context omitted.

Not just financially-challenged, but under-educated too. If your education was sub-par then it's easy to get tricked, especially with something as complex as the crypto world, where someone like me who had a great education, minted Satoshi's finest like they were water from a firehose, and almost 40 years of coding, still has a really hard time understanding the current plethora of blockchain shenanigans.

When you don’t have any evidence why an investment is sound, you simply should not invest.

You need education to know that.

Re: “Play-to-Earn” and Bullshit Jobs

#699
post #421

Earlier quoted context omitted.

Now you've made me wonder: those hours I spent mesmerised by watching the colourful display of Windows 95 defragging the disc, would I have paid a monthly subscription for it? What if they'd added achievements, or leveling up? "Congratulations! Your wizard can now restructure directory chains!"

I've seen people watching mesmerized as a Roomba vacuumed the floor. A time saving device indeed!

One guilty individual here o/

Re: “Play-to-Earn” and Bullshit Jobs

#700

Earlier quoted context omitted.

>It is still a negative-sum game, but some people have not yet realised that they lost. And some people have not lost at all. As a lifelong poker player, the calculus is very much the same. A poker game where rake is taken out is a negative-sum game. But that doesn't mean that every player loses, even if they play forever. There will be more net losses than net wins, but these are not evenly distributed.

Yeah, that's gambler thinking. In reality, you're going to lose money.

As long as there are 2 or 3 guys like you sitting at the poker table its very difficult to lose!
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