rothbardian
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Posts posted by rothbardian
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57 minutes ago, blazemonger said:
NQ is pretty much a "if you are not with us, you are against us" company
That's not true. There are two sides to every issue: one side is right and the other is wrong, but the middle is always evil.
NQ is a very good company much much better than any major industry giant. -
On 4/16/2021 at 4:30 PM, Peckem said:
I really enjoy the game but it is currently THE MOST BORING GAME compared to Elite Dangerous, Star Citizen, No Man's Sky and relevant games.
I think it is time to keep your long termers interested and give us Hamsters something new to feed on!
I don't agree on this. It is all about projects and meaning. For example we have an ongoing project that approx. require 3-5 years to complete if everything goes well planned. So no time for boring, but planning, surviving and planning again. Unborrowed vision is the key!
But hey a new planet, asteroid mining, something to explore, a new solar system would be great of course. But if we look past 3 years of DU evolution/progress we can easily see a great success story of a small metaverse company.
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On 4/21/2021 at 8:32 PM, LouHodo said:
And this is why I really hope for upkeep costs soon. No offense but this level of grand planning should be the efforts of multiple people not a single person.
Never underestime a power of a passionate man. The great creators — the thinkers, the artists, the scientists, the inventors — stood alone against the men of their time. Every great new thought was opposed. Every great new invention was denounced. The first motor was considered foolish. The airplane was considered impossible. The power loom was considered vicious. Anesthesia was considered sinful. But the men of unborrowed vision went ahead. They fought, they suffered and they paid. But they won.
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This is big news, unless seed the game release beta within next few years blaze will return to DU with full force and optimism soon.
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22 hours ago, Zeddrick said:
Say you can mine 200kl per hour and sell at 25 quanta per kl, that means you're making about 5 million per hour.
You invented giant mining robots. Don't you?
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Simple solution: Find a space-taxi using discord trade channel and move to a new planet.
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Yes these big companies used addiction and gambling weakness of players to maximize profits. My main thesis is about using behavior psychology to manage online communities and prevent early and quick exit of new players either by steep learning curve or lost in meaning to join a metaverse.
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25 minutes ago, IvanGrozniy said:
Wouldn't trust any of that... lolYou don't need to trust, but analysis and a bit research is required to understand what's goin' on.
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The need for meaning in Dual Universe metaverse, which attains its existential significance in newbie and the stages of avatar/profile development that follow it, is strongly related to developing self-identity, searching for one’s place in the metaverse, and taking up specific social roles. Achieving meaning in DU is doubtless related to performing goal-oriented activities. That was the main problem of DU and still is, not only bad management (btw I think JC managed very well, and he created a first real metaverse).
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21 hours ago, blazemonger said:
[speculative mode on]
So far VC investment has been on par with a seed and Round A level which normally does come out at around 20-25 Million. My speculation here would be that this change may be part of a round B investment which would inject a considerable amount of capital in the order of 50-70 Million (or more). Seeing how we are coming up on the 2 year mark since the Round A investment back in June 2019 it is possible this is the endpoint for the investors to take the option to move to Round B for which they have demanded the CEO position to oversee their investment.
I'm positive for this management change too. NG interested in digital learning and DU has a great potential for new education system supported by metaverses and augmented reality based single shard MMO's.
Note: Following link tells a lot: https://medium.com/@ngranati/following -
20 hours ago, SpiceRub said:
Goodness gracious, you really think someone's going to put another 50 million into this pancake?
If DU is a pancake, what is Minecraft?
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Calm down a bit AC. DU will survive!
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Do you know why companies like Blizzard Entertainment or Xbox Game Studios spend more money to community managers, psychologists and behavioral psychology research projects than coders?
(Hint: Since its release in 2011, ugly Minecraft has recorded worldwide sales of over 200 million units)(Hint2: Microsoft purchased Minecraft and developer Mojang from Notch for $2.5 billion in 2014. They spent almost two times more on behavioral psychology research projects than coding for Minecraft)
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Welcome to a metaverse/multiverse called DU.
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The business cycle phenomenon, the recurring alternations of boom and bust with which we have become all too familiar, cannot occur in a free and unhampered market. Expansion of bank money causes an artificial lowering of the rate of interest, and an artificial and uneconomic overinvestment in capital goods: machinery, plant, industrial raw materials, construction projects. As long as the inflationary expansion of money and bank credit continues, the unsoundness of this process is masked, and the economy can ride on the well-known euphoria of the boom; but when the bank credit expansion finally stops, and stop it must if we are to avoid a runaway inflation, then the day of reckoning will have arrived. For without the anodyne of continuing inflation of money, the distortions and misallocations of production, the overinvestment in uneconomic capital projects and the excessively high prices and wages in those capital goods industries become evident and obvious. It is then that the inevitable recession sets in, the recession being the reaction by which the market economy readjusts itself, liquidates unsound investments, and realigns prices and outputs of the economy so as to eliminate the unsound consequences of the boom. The recovery arrives when the readjustment has been completed.
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13 hours ago, Eternal said:
You have to understand that the way the economy and the financial system are designed is not based on equity (fairness) but to sustain production in order to meet demands and for development also. Cash and bank deposits are just IOUs. Commercial banks can generate IOUs too and that becomes new money when they loan them (in fact, they are the biggest credit source, not the central bank). Commercial banks help keep the economy running by advancing loans to the public (they do not loan only the assets that they have on their reserve such as customers' cash deposits, they can generate electronic IOUs out of nothing and loan them. Borrow from a bank and that is what you're borrowing). Ofcourse the government needs these banks, without them the economy will be worse.
Increased production of trade does not “require” or call forth an increase in bank money. The causal chain is the other way round: increased bank note issue raises the money supply and prices, and also the nominal money value of the goods being produced. Bank money or government money, whether as tangible notes or demand deposits, is an increase in the effective money supply virtually out of thin air.
A “free market” also means no government interference whatever in the economy. It means that private individuals and firms are free to earn money and profits, and that they are also free to lose. There can be no genuine freedom to choose without a corollary freedom to lose. No firm may be considered “too big to fail.” And so a free market in money necessarily means the abolition of central banking and of so-called deposit “insurance.” Banks must be free to fail. -
Bankers are inherently inclined toward statism. Commercial bankers, engaged as they are in unsound fractional reserve credit, are, in the free market, always teetering on the edge of bankruptcy. Hence they are always reaching for government aid and bailout. @Eternal's idea is interesting and worth analysing.
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18 hours ago, Eternal said:
Commercial banks in real-life are regulated anyway. There are so many government organizations in this game and yet they lack purpose! Why can't they accept registry of these private banks and regulate them? Private banks can register themselves under the jurisdiction of the government in order to operate in that country, thus they will be subject to it's regulations, then private banks can practice what is called a "fractional-reserve banking". Here is how it works: private banks need to deposit quantas to their balance on the central bank (a "central bank" is a government institution). This money is the private bank's "reserve" currently held by the central bank. What is this "reserve"? This reserve is how much liquid asset the private bank is allowed to hold, in other words this is how much total deposit they can accept from clients according to the regulation. When this private bank defaults, clients can dispute their quantas with the central bank which holds the private bank's reserve. If this government turns out as a fraud as well, then they have no integrity and they will lose their credibility and reputation. Establishing trust between participating individuals is essential to business activities and making relationships. Just like real-life, there are risks, and so we just have to be smart and trust only the people and organizations that have credibility without bad records.
Issuing promises to pay on demand in excess of the amount of goods on hand is simply fraud, and should be so considered by the legal system. For this means that a bank issues “fake” warehouse receipts — warehouse receipts, for example, for liters of kergon that do not actually exist in the vaults. This is legalized counterfeiting; this is the creation of money without the necessity for production, to compete for resources against those who have produced. In short, I believe that fractional-reserve banking is disastrous both for the morality and for the fundamental bases and institutions of the Novean market economy.
Fractional-reserve banks, especially when organized under a central bank, can and do create and then destroy money, distorting and impoverishing the Novean and the economy in their wake.
I therefore advocate as the soundest monetary system and the only one fully compatible with the free market and with the absence of force or fraud from any source a 100 percent kergon standard. This is the only system compatible with the fullest preservation of the rights of property. It is the only system that assures the end of inflation and, with it, of the business cycle. -
When there is collateral it is meaningless/nonsense to worry about scam and to look trustworhty people. There is no trustworthy people, there wasn't, and there won't. @CrystalEmperor's system of banking is an original/unique free-market idea and can be useful for all Noveans. The free-market economy, as complex as the system appears to be on the surface, is yet nothing more than a vast network of voluntary and mutually agreed upon two-person or two-party exchanges of property titles by the support of collateral as an insurance for the buyer.
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Demand collateral @Lethys
- CrystalEmperor and Lethys
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Another reason to stay in DU. Well done NQ to add Yamamushi in your team.
Congrats Yama! -
@Nanoman So true. We cannot call a man a criminal for stealing goods from a thief.
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On 6/8/2019 at 10:06 PM, Belispeak said:
Even if you cannot profit from it you can sell fuel much cheaper and make your profit on another, non contested item. In general, people will adapt or die.
Economic theory and history both tell us that maintaining a cartel, for any length of time, is almost impossible on the free market, as the firms who restrict their supply are challenged by cartel members who secretly cut their prices in order to expand their share of the market as well as by new producers who enter thefray enticed by their higher profits attained by the cartelists.
In addition to this, one cartel or one firm could not own all the means of production in the economy, because it could not calculate prices and allocate factors in a rational manner.
Time to move on..
in Off Topic Discussions
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Single shard basically is/were an utopia for these industry giants even with their fat pockets. But a small company from France made it. Integrity is the ability to stand by an idea and NQ and JC taught this forgotten quality to this well-known names.
Single shard MMO/metaverse is the next big thing. Big boys can avoid reality, but they cannot avoid the consequences of avoiding reality.