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Yes, they're Ponzis. You're eighteen years old and see a Twitch streamer talking about how he's making $4000 / day by earning $SCAM tokens on this game. It doe
by pavlov 5y ago
Yes, they're Ponzis.
You're eighteen years old and see a Twitch streamer talking about how he's making $4000 / day by earning $SCAM tokens on this game. It doesn't look like a very interesting game, but you're good at games, why shouldn't you do this too?
To start earning by playing, just one small step: you first need to buy a character. They cost about $500 but of course it's a great investment. The only way to buy the character is with the $SCAM tokens, so first you just need to convert your $500, credit cards accepted...
And that is the real-world cashflow that pays the Twitch streamer and the company and the VCs. The tokens you earn in the game are only worth something as long as there's a steady stream of hopeful players bringing real money into the system.
- AustinDev 5y agoIn addition to this the vast majority of the people 'farming' games like axie are in poor countries particularly in south east asia. Just like how WoW offshored gold farming to china. Axie and similar play to earn games basically allow relatively wealthy western players to offshore the grinding to people in poor countries.
- captn3m0 5y agoOne thing I’ve been wondering is why are humans involved. If code is , shouldn’t there be lots of Axie bots directly interacting with the contacts and the blockchain. Cut out the game from the middle and just earn directly?