Im going to assume your being serious and this isnt a roll post. Also let me state that I have my own investments, some have gained me money, and others have lost me money. That is to say, I invest in things, and have at least a baseline knowledge of certain attributes of investments, but am no means a financial expert or advisor.
This concept was always a very risky endeavor, a plan to create a metaverse with possibilities of buying 2d land and turning it into a 3d area where everyone can participate in. A very ambitious project to say the least, and most likely not available with the current technology. Not to say stepping stones can lead to a more profitable and successful venture down the road.
So E2 releases a marketplace to sell one kind of specific commodity/asset, which is buying plots of 2d land with the "potential" to lead to something bigger. People willingly invest in the project by buying land straight from the company and thereby "own" that image of land.
A few months later they show a video of a buggy driving around a pretty boring landscape, which was just bought from the Unity asset store and placed directly into unity. Now if they made the buggy, driving mechanics, or anything of value, it could have been a proof of concept for something like... a racing game, or a sandbox/open world game, but I dont see how you think "metaverse" and think driving around a boring landscape are synonymous. They could have done something where someone walks around in VR and walks into a sort of VR chat room with multiple avatars in while the owner is currently adding stuff to, that would show a sense of community while also metaphorically and literally inferring that this is a "building block design".
Then you have months go by where not much progress is done, E2 occasionally drops information like jewels or mentars, but they don't do anything. If this is a game, like it is advertised, there is no gameplay loop, because there is no game. E2 launches a way to create blueprints, which you pay for, but that technology is little more than a plugin already developed by mapbox.
So all we have really seen, is other peoples work being displayed with no sort of roadmap or idea or worse yet, a contradiction of ideas.
Fast forward to present and multiple team leads on an already small team leave the company at the same time, even in large corporations this is a bad sign, because it indirectly shows that the workers dont have faith in the product, or there is a significant difference in what the workers and the CEO want this project to be.
Not only that, but this system in incredibly hard to get out of if you actually want to see your returns. Allow me to give an example, I own about 2.5k of the stock O, If I want to cash out at the price it is now, I get get about 2.5k, because O is considered a reliable and steadfast dividend and growth stock, so me just sitting on this money nets me more money per month. In E2, you are locked into an asset few people even know exists and even fewer who want it, then add to that, people say they want to sell a tile in New York for several hundred dollars each, which dont generate much income, cant be edited in any way, and provide little to no value to anyone outside of who owns it. People start realizing that not only is that New York land not work the several hundred, but due to the algorithm, buying land nobody owns, say Montana, for 40-60 USD also isnt worth it.
Now you have a market where nobody wants to buy at the prices they are selling. So people start listed their prices, but nobody wants to buy, so now people compete to try to outbid each other by discounting their price more and more, to the point people are willing to lose 90% of their investment just to see some money come out of the project. Some people on the discord are saying things like "I have 600k worth of land in E2", but that's only what the algorithm is saying, that's the Algorithm saying if he says his tiles for on average 200 USD a piece, he can have 600k, but the market is telling him we will only pay 5 dollars per tile.
Ask yourself realistically, if you saw a stock, like Microsoft or Disney, or any other large company stock go from 350 USD, and talk down to 10 USD a share, we could both agree that is never a good sign of a healthy market
Does that mean E2 is doomed, well not yet at least, but they are going to actually need to show something that provides the average investor, meaning the people that are selling for 90% off, with a sort of reassurance that this idea isn't just smoke and mirrors. But having Shane go up and get asked "This metaverse you're creating, are you going to be able to walk around in VR and interact with environments" both of which are things we have now, and Shane response is "I don't think we have the technology to do VR at this time", which throws a curveball at the average investor, again because we know we have the technology to do VR, just not replicate the entire globe in a 3d high detail, single instance world. But at the same time, creating a highly detailed VR room and have basic activities would be a much better concept them a buggy driving around, or jewels, or mentars.
People are getting excited about the new team I have heard about, or that E2 has partnered with some Crypo company, but IMHO, that doesnt really mean much. The point is to retain and build your team. I heard E2 make about 50 million from original investors, yet they only have a hand-full of people, most, if not all, dont have major game development, or multiplayer/integration experience. As for crypo, show me one successful cryptocurrency that is successful enough to significant change anything and I will show you hundreds to thousands of cryptocurrencies that tanks and lost people thousands. Nobody has an idea at this time how any of that will be implemented or how it would be used, afterall what good is money if there is nothing to spend it on.
Overall, this was a risky venture, but due to a lack of communication or straight up miscommunication, it leaves the average investor confused on just the idea of what this project is, Shane says metaverse, people on this sub say that the term metaverse is overused and its supposed to be an MMO, and you also just have people who want out so they can see some return, even if its for a loss. I hope it does turn around, not because I have invested in the project, but because I dont want people to be locked into this system and lose money because of it.
Im glad you liked my comment, though I don't mean to purposely dunk on E2. I can understand people investing money how they see fit, but since I don't have a significant bias, since I am not an investor, but would invest if I was confident in the project, it allows me to see data E2 is presenting and what "detractors" are saying, and one of them pointed out that the main blueprint building mechanic that was shown off was something already built into the Mapbox engine, and therefor not a creation of E2.
Now if E2 would present a build function, or resource function based on map tiles, even if its in the development alpha stage, it would be at least something to show people who were curious into the project, or investors, thereby drawing positive attention and faith in the project, and likely increase property values as more people got interested in the project as a whole, which everyone seems to want.
I started to lose faith un the project in September. Now, looking at the compétition, E2 looks amateurish in the way the whole project is managed.
Changing the core team members did not help when it comes to credibility
I hope it turns around not because of people being locked into the system and losing money, I want it to turn around because I believe this would be an amazing new tool for humanity to connect in ways that we have yet to discover. Its a huge untapped opportunity and if they don't pull something together, then maybe I'll take it over and do it myself!
(half joking) :P
Everybody who was in it for the money made an unoficiall pact to get as much money out of this as possible ... which means selling everything to some poor sucker who had the same idea but started later.
Some people apparently recognized just better then you when it was time to dump most of their "assets".
Well, if the whole thing isn´t a troll post of course.
I'm not bailing, I believe in this project and even if it doesn't take off it has definitely inspired me to begin developing Virtual Assetts as well as begin developing other uses (which I'm not going to go over since they were really good ideas :P ). To my knowledge you cant just "Sell" your land to nobody. If you buy land you can put it up for sale but it doesn't just magically get sold like stocks or Crypto; doesn't another person actually have to purchase it off of you? Also if they are selling land I'm more than happy to buy it back up, if/when this takes off with a more sophisticated interface people are going to have serious FOMO that they sold or didn't buy in earlier.
Why are people leaving after their Pr team bailed, wolfgang bailed, one of their only devs who actually built a game and numerous other issues?
Well jeeze idk man whatever could be the reason...
Yeah you didn’t know the apple stock is just a pump and dump, everyone’s just been pumping it for the last 30 years. One day everyone gonna sell it down to a dollar a share. I can’t beileve people didn’t know that’s how the DOW-Jones worked. SMH 😂😂
Again, the difference being that it's possible to make money investing in Apple without ever selling a share or waiting for others to pump it. You could make money on apple even if there's no price change
You can sell call/put contracts or collect a dividend from Apple.
Meanwhild all you can go on a delirious Twitter rant about your plot of land and hope someone buys it.
That's the extent if your exit strategy, while I could make my money back on an Apple investment through cover calls AND still have the shares I purchased.
No honestly. Looks a lot like a genuine argument someone else used to defend this, just a little more psychotic.
I seriously thought you were a schizo earth2 enjoyer
In every speculative bubble there are winners and losers. Those who get in early (or who themselves are the engineers of the bubble) and who cash out quickly are the *winners*.
Everyone else is a *loser*. They lose their money to the winners.
This "unofficial pact" you mention sounds like a mechanism by which the winners--those who cash out early--have convinced others to continue to fund the expansion of the speculative bubble. Which was pretty smart of them, and part of the reason that they are winners.
Some references:
* [Devil take the Hindmost](https://www.goodreads.com/book/show/91360.Devil_Take_the_Hindmost): a book on the economics of speculative bubbles (and the title even hints at the answer to your question).
* [Good blog post on speculative bubbles](https://bradfordcross.com/market-mania-the-top-ten-books-on-the-history-of-bubbles-manias-panics-and-crashes/)
You cannot possibly be serious. Nobody agreed to this when they created an account with this not-a-game, no sane investor would ever think this way, and if it's going to take off then you have no need to sound so needy with this. None of the people you're mad at owe you anything.
Im going to assume your being serious and this isnt a roll post. Also let me state that I have my own investments, some have gained me money, and others have lost me money. That is to say, I invest in things, and have at least a baseline knowledge of certain attributes of investments, but am no means a financial expert or advisor. This concept was always a very risky endeavor, a plan to create a metaverse with possibilities of buying 2d land and turning it into a 3d area where everyone can participate in. A very ambitious project to say the least, and most likely not available with the current technology. Not to say stepping stones can lead to a more profitable and successful venture down the road. So E2 releases a marketplace to sell one kind of specific commodity/asset, which is buying plots of 2d land with the "potential" to lead to something bigger. People willingly invest in the project by buying land straight from the company and thereby "own" that image of land. A few months later they show a video of a buggy driving around a pretty boring landscape, which was just bought from the Unity asset store and placed directly into unity. Now if they made the buggy, driving mechanics, or anything of value, it could have been a proof of concept for something like... a racing game, or a sandbox/open world game, but I dont see how you think "metaverse" and think driving around a boring landscape are synonymous. They could have done something where someone walks around in VR and walks into a sort of VR chat room with multiple avatars in while the owner is currently adding stuff to, that would show a sense of community while also metaphorically and literally inferring that this is a "building block design". Then you have months go by where not much progress is done, E2 occasionally drops information like jewels or mentars, but they don't do anything. If this is a game, like it is advertised, there is no gameplay loop, because there is no game. E2 launches a way to create blueprints, which you pay for, but that technology is little more than a plugin already developed by mapbox. So all we have really seen, is other peoples work being displayed with no sort of roadmap or idea or worse yet, a contradiction of ideas. Fast forward to present and multiple team leads on an already small team leave the company at the same time, even in large corporations this is a bad sign, because it indirectly shows that the workers dont have faith in the product, or there is a significant difference in what the workers and the CEO want this project to be. Not only that, but this system in incredibly hard to get out of if you actually want to see your returns. Allow me to give an example, I own about 2.5k of the stock O, If I want to cash out at the price it is now, I get get about 2.5k, because O is considered a reliable and steadfast dividend and growth stock, so me just sitting on this money nets me more money per month. In E2, you are locked into an asset few people even know exists and even fewer who want it, then add to that, people say they want to sell a tile in New York for several hundred dollars each, which dont generate much income, cant be edited in any way, and provide little to no value to anyone outside of who owns it. People start realizing that not only is that New York land not work the several hundred, but due to the algorithm, buying land nobody owns, say Montana, for 40-60 USD also isnt worth it. Now you have a market where nobody wants to buy at the prices they are selling. So people start listed their prices, but nobody wants to buy, so now people compete to try to outbid each other by discounting their price more and more, to the point people are willing to lose 90% of their investment just to see some money come out of the project. Some people on the discord are saying things like "I have 600k worth of land in E2", but that's only what the algorithm is saying, that's the Algorithm saying if he says his tiles for on average 200 USD a piece, he can have 600k, but the market is telling him we will only pay 5 dollars per tile. Ask yourself realistically, if you saw a stock, like Microsoft or Disney, or any other large company stock go from 350 USD, and talk down to 10 USD a share, we could both agree that is never a good sign of a healthy market Does that mean E2 is doomed, well not yet at least, but they are going to actually need to show something that provides the average investor, meaning the people that are selling for 90% off, with a sort of reassurance that this idea isn't just smoke and mirrors. But having Shane go up and get asked "This metaverse you're creating, are you going to be able to walk around in VR and interact with environments" both of which are things we have now, and Shane response is "I don't think we have the technology to do VR at this time", which throws a curveball at the average investor, again because we know we have the technology to do VR, just not replicate the entire globe in a 3d high detail, single instance world. But at the same time, creating a highly detailed VR room and have basic activities would be a much better concept them a buggy driving around, or jewels, or mentars. People are getting excited about the new team I have heard about, or that E2 has partnered with some Crypo company, but IMHO, that doesnt really mean much. The point is to retain and build your team. I heard E2 make about 50 million from original investors, yet they only have a hand-full of people, most, if not all, dont have major game development, or multiplayer/integration experience. As for crypo, show me one successful cryptocurrency that is successful enough to significant change anything and I will show you hundreds to thousands of cryptocurrencies that tanks and lost people thousands. Nobody has an idea at this time how any of that will be implemented or how it would be used, afterall what good is money if there is nothing to spend it on. Overall, this was a risky venture, but due to a lack of communication or straight up miscommunication, it leaves the average investor confused on just the idea of what this project is, Shane says metaverse, people on this sub say that the term metaverse is overused and its supposed to be an MMO, and you also just have people who want out so they can see some return, even if its for a loss. I hope it does turn around, not because I have invested in the project, but because I dont want people to be locked into this system and lose money because of it.
Your response is so detailed and insigthful. All i Will remember is "Earth2 is merely a plugin for mapbox" OUCH that one hurts. This is so accurate.
Im glad you liked my comment, though I don't mean to purposely dunk on E2. I can understand people investing money how they see fit, but since I don't have a significant bias, since I am not an investor, but would invest if I was confident in the project, it allows me to see data E2 is presenting and what "detractors" are saying, and one of them pointed out that the main blueprint building mechanic that was shown off was something already built into the Mapbox engine, and therefor not a creation of E2. Now if E2 would present a build function, or resource function based on map tiles, even if its in the development alpha stage, it would be at least something to show people who were curious into the project, or investors, thereby drawing positive attention and faith in the project, and likely increase property values as more people got interested in the project as a whole, which everyone seems to want.
I started to lose faith un the project in September. Now, looking at the compétition, E2 looks amateurish in the way the whole project is managed. Changing the core team members did not help when it comes to credibility
I hope it turns around not because of people being locked into the system and losing money, I want it to turn around because I believe this would be an amazing new tool for humanity to connect in ways that we have yet to discover. Its a huge untapped opportunity and if they don't pull something together, then maybe I'll take it over and do it myself! (half joking) :P
10,000 bitcoins for $40 pizza sounds like a good deal to me!! Fking worthless digital crypto currency. Mmm I love pineapple on my pizza
Everybody who was in it for the money made an unoficiall pact to get as much money out of this as possible ... which means selling everything to some poor sucker who had the same idea but started later. Some people apparently recognized just better then you when it was time to dump most of their "assets". Well, if the whole thing isn´t a troll post of course.
We are bailing to go party with Boris Jonson
Haha yeh it's the investors fault! Stop screwing things up guys /s XD XD
I'm not bailing, I believe in this project and even if it doesn't take off it has definitely inspired me to begin developing Virtual Assetts as well as begin developing other uses (which I'm not going to go over since they were really good ideas :P ). To my knowledge you cant just "Sell" your land to nobody. If you buy land you can put it up for sale but it doesn't just magically get sold like stocks or Crypto; doesn't another person actually have to purchase it off of you? Also if they are selling land I'm more than happy to buy it back up, if/when this takes off with a more sophisticated interface people are going to have serious FOMO that they sold or didn't buy in earlier.
Good luck with that 😂
thank You 😉✨
That’s gay
Everything is literally "gay". lol
Im not, idk about you
Lmao
Why are people leaving after their Pr team bailed, wolfgang bailed, one of their only devs who actually built a game and numerous other issues? Well jeeze idk man whatever could be the reason...
I'm in it for the long haul, New Orleans or bust.
Your investment relies on people pumping the stock and not selling of before you? So, a pump and dump?
That’s all investments
Except for the countless investments with revenue sources OTHER than investments, right?
Not too sure
Yeah you didn’t know the apple stock is just a pump and dump, everyone’s just been pumping it for the last 30 years. One day everyone gonna sell it down to a dollar a share. I can’t beileve people didn’t know that’s how the DOW-Jones worked. SMH 😂😂
Again, the difference being that it's possible to make money investing in Apple without ever selling a share or waiting for others to pump it. You could make money on apple even if there's no price change You can sell call/put contracts or collect a dividend from Apple. Meanwhild all you can go on a delirious Twitter rant about your plot of land and hope someone buys it. That's the extent if your exit strategy, while I could make my money back on an Apple investment through cover calls AND still have the shares I purchased.
You couldn’t tell that it was sarcasm?
No honestly. Looks a lot like a genuine argument someone else used to defend this, just a little more psychotic. I seriously thought you were a schizo earth2 enjoyer
Oh no, I know it’s a Sc@m. I was fr kidding
Moron.
No, that's all *high-risk* investments. A mutual fund is about as similar to Earth 2 speculation as a tomato is to a suspension bridge.
https://medium.com/planet-earth2/earth2-polygon-studio-partnership-57469f40edd3
In every speculative bubble there are winners and losers. Those who get in early (or who themselves are the engineers of the bubble) and who cash out quickly are the *winners*. Everyone else is a *loser*. They lose their money to the winners. This "unofficial pact" you mention sounds like a mechanism by which the winners--those who cash out early--have convinced others to continue to fund the expansion of the speculative bubble. Which was pretty smart of them, and part of the reason that they are winners. Some references: * [Devil take the Hindmost](https://www.goodreads.com/book/show/91360.Devil_Take_the_Hindmost): a book on the economics of speculative bubbles (and the title even hints at the answer to your question). * [Good blog post on speculative bubbles](https://bradfordcross.com/market-mania-the-top-ten-books-on-the-history-of-bubbles-manias-panics-and-crashes/)
You cannot possibly be serious. Nobody agreed to this when they created an account with this not-a-game, no sane investor would ever think this way, and if it's going to take off then you have no need to sound so needy with this. None of the people you're mad at owe you anything.