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21:05 "[...] going through the map? Like, that's gonna create, like, cool moments. That's gonna create, like, wholesome moments, and... I think that's where it _really,_ really- it can _really,_ really take off." _[Generic Praise sequence complete. Begin Specific Praise...]_ "There's really no... There isn't- There isn't any game out there, not even in Web 2, there is no MMO farming game. Like, where you can, like..." _[ERR: Reference List: "Unique Game Features" not found. Seek alternate subject...]_ "..." _[ERR: Reference List: "Memorable In-Game Social Interactions" not found. Seek alternate subject...]_ "..." _[ERR: Reference list: "Enjoyable Game Features" not found. Dead Air period exceeding non-suspicious limits. ABORT current train of thought. Shuffle and replay Generic Praise sequence.]_ "... like ... not like this, there- There's nothing like this."
What always gets me about cryptobros is that when they talk about games like this is that they want more games like this, but not once do they ever talk about gameplay or *fun*. They just want to talk about making money and the most efficient way to make that money. I don't understand how you get to that point in your life where you view everything in your day-to-day as a hustle and I just stop feeling sorry for them.
True. It reminds me of extreme cheapskates types who actively worsen their lives in attempt to save every single penny, even if they absolutely do nnot need to.
@@valivali8104Yep! These same cryptobros are now taking over children platforms like roblox with clothing accessories because robux can be turned into actual money and will spend thousands of dollars just to turn over items and sell it for even higher. They also now make games with these “ugc” items, tel kids they get free items if they play, but push it to be impossible to get while they make money off them too. In the end it’s someone taking advantage of someone else to make “easy money”. No k oh be actually wins.
Idk how they expect people to buy in on an idea when they're talking about money right out of the gate. Especially considering the fees involved just to convert normal currency to what they want. Cryptocurrency in a nutshell.
As someone who was hyperventilating on the floor suffering a very severe panic attack and then stood up too quickly not too long before watching this vid, I can confirm that that was still more fun than playing axie
Coming from someone who's had several panic attacks before, especially one while in VR back in 2021, it's not a fun experience. Still better than playing Axie Infinity though. Hope you're doing okay by the way and that things improve for ya if not. ^^
@@Delta-oy8wmout of curiosity is VR realistic enough to cause a panic attack or does it not really work that way? Sorry if you don't wanna talk about it I understand
I do understand that they took the term "scholarship" from university sports but it is such a disgusting misaproppriation. Serfdom or Digital Colonialism would be more fitting.
Just another parallel to a pyramid scheme, by carefully twisting the language around the game. "Be your own boss" sounds so much better than "pay to sell crap products that nobody buys"
Most of my scholars earned a significant amount of money and made repairs to their homes, bought cars, bikes, pc's, clothes groceries etc They invested 0 money, put in only their time and made profits. I have yet to find one of them that feels bad about that deal.
Filipino here, I had so many acquaintances/friends that were absored into Axie scholarship/management (most of which pulled out early I'm assuming). so many other pay to play crypto games boomed during the height of the pandemic where poverty was really bad. Crypto games are extremely predatory and manipulative, its no wonder why they thrived at developing countries
BRO puta I'm from Leyte I haven't seen much of it since axie is before my time, but I swear to God some teachers were really taking advantage of this shit. Kasi they have easy access to teens. It scared me when I saw that my CS teacher was in an axie discord server. Dawg Anong ginagawa mo 😭
I can’t imagine rage existential dread of essentially being a medieval serf, but instead of like growing cabbages or producing some other kind of tangible good, you have to sit and play a mindnumbing card game with generic cutesy little characters all day everyday
Shhhhhh don't tell them, they can't possibly even understand. It's like going up to a monkey cage and explaining meta-physics, what's the point.@@voji4407
@@RealAICClThat's an expression I saw quite a lot during both crypto scam bubbles. And, maybe it's just the scammers and fraudsters too blinded by their own greed. But, here's the thing. Even if all you do is produce useless plastic chatchkis, at least you are creating *something*. At least, there is the materials cost of the stuff that went into it. Here, you a creating literally nothing and are wasting massive amounts of water and electricity to accomplish it. All for the purposes of fraud. Congratulations.
1st statement used to be true when SLP value was high, so many friends (which were middle to upper-middle class people) were into axie before (I'm a Filipino, Axie was suuuuper popular, even got featured in television programs) but the inflation + whole premise of it is just toxic and inevitably led to losses. thankfully i didn't get consumed by FOMO
When there were many poor people who play the game its probably was easier to win, but currently what left is mostly people who are still holding on to their losses
My cousin used to play this game, and he hates it a lot. It was more of chore than a game that you should enjoy. He's always frustrated when it's that time of the day again, after his regular job, where he had to play and spend all of the energy. He doesn't enjoy the game one bit, he was just forced to play the game to get their ROI, their family invested right before its downfall. And during its low point, it's really hard to recover their investment. He finally had a sense of relief when their family just accepted their losses. And whenever we talk about it, he had that "PTSD" feel. I'm glad I didn't proceed to invest my time and money on that game.
See it’s stories like this that bring me back down to earth and understand Jauwn’s tough criticism When I remember this isn’t a pet project by a bunch of nerds This shit was a predatory hurt people, they deserve no sympathy or understanding or benefits of the doubt
@@sweethysteria8737 Families have been torn apart and innocent people have completely ruined their lived for crypto. And people wonder why i get so upset
You're bragging that the way you made the money to buy a game console was through participation in a system that exists solely for widespread fraud, concentration of political power, and devastation of consumer protections? Good job, you did it....I guess.
Someone made Slavery With Extra Steps into a video game? I suppose it was inevitable but it doesn't make it any less depressing. So much techbro shtick comes off like people read dystopian scifi and found it inspirational.
Techbros will be like "Wow, economics is so simple, I can't believe everyone in charge of global economics never thought of THIS solution I came up with, surely we can do better than them" Then they implement it and it only works as long as the users keep tinkerbell alive by believing in fairies.
@@ZorotheGallade I mean, it sounds ridiculous, but then you look at sovereign citizens who are prepared to believe that every English-speaking country's legal system has the same easily exploitable loophole that they've just left in place for literally centuries. Some people just really like the idea of being the main character, I guess.
hey man, they ain't slaves if they got paid. a slave owner would have fed, clothed and housed their slaves. none of that was going on here. serfs, maybe.
@@anne-zh2kdoh it's all blackmail, full stop. It's to keep the "employees" in line, shut up, dare not think of leaving, and NEVER report what's going on. This is why you should never trust people, groups, or institutions who say, "We don't need regulation or oversight. We can police ourselves!" Yeah, police yourselves right into piles of cash stolen off a mountain of human suffering and misery. Crypto was always a big bag of bullshit from the get, and will die a bigger bag of bullshit as the libertarian dream of unfettered capitalism burns itself up like a giant blue star that lives fast and dies young in a huge explosion that obliterates everything around it.
I remember my family telling me to play this slavery game, and I was treated like an idiot when I tell them how I see it. It was mentally draining and I was just straight up dying inside.
My dad called me a republican (as a joke), because I wanted a real face to face job instead of playing axie. I may be a gamer, but I have standards dangnabbit
same my dd would keep saying . It's great that I can earn and do the thing I like. No I like certain games, I already predicted that it'll crash by then hayst.
Lmao I live in one of the countries that it's really popular in and almost every single axie player here is talking about how dumb people are for not playing it lol
It's probably already too late when they start asking you to play. Because value of a crypto is only worth it in early release, then it becomes worthless, when rich people start dumping these sht coins
I didn't invest into axie infinity during its ATH because I was one of the few who saw the pyramid structure to begin with as a game developer myself. I did my own research and tried to tell my family/friends to not invest into this game, but they were blinded by the greed and success stories of random people. So, sad I couldn't find a good enough TH-cam video to convince them to stop. But just glad your content is here now Jauwn.
The people who didn't invest at the top are still making money though. I am one of them. I stopped investing and started selling my axies as the market started to crash and made huge profits. I am still playing regularly and the axies i still have can form teams that can earn AXS every season. People who are playing with GOOD scholarship teams are still earning AXS. Slp is a utility token and its price is irrelevant.
@@joedav67This John fellow is the epitome of Survivorship Bias and is commenting on every thread about his remarkable scholarship gains, the real world doesn't like money printing machines and for 99% of people who geg into the scheme it will generate no gains.
As a Filipino, I was one of the few who refuses to interact with this game during the pandemic. I'm a gamer myself, and everytime they pitch this game to me, it's always about money, earning and SLP. And as gamer myself, playing a game not to enjoy and have fun is an immediate turn off for me.
The whole scholarship system and promoting "people in poor countries being able to earn money" reminds me of Runescape - a game that actually helps people in poor country being able to earn money. Mostly Venezuela. Since Runescape is a) very popular and b) runs even on moldy potatoes many Venezuelan people decided to dring gold and goods in Runescape instead to simply... have food on their plate (or even... have ticket to leave the country and go somewhere else where things go better). This worked (and propably still works) to the point that you could meme the "Runescape is biggest employer of Venezuelan people" and not be that far from the truth. The main difference is that Runescape is game first and place to earn money... not even second, more like twenty-second at most. It also developed organically due to game simply having those two traits I mentioned earlier. Just shows that if you want the "play to earn economy" you simply need to create good MMO first and then... simply wait while keeping good MMO... well a good game. Low entry cost (being free and having low specs requiements) also help greatly. But those NFT focused game-making people will never get that...
Oh, no, the NFT people actually do get it. They get it very much. Remember, these systems all around us are engineered by people; most modern human activity doesn't arise organically. It's why videogame companies hire unethical psychologists who help them design addictive game systems. Almost every industry does something like this, spending god knows how much money figuring out how to hijack intrinsic human behavior, psychology, and biology. We're all being manipulated by already rich people who will stop at nothing to get even more rich. We should all be outraged, but unfortunately they've also designed these systems to suppress that in us, so instead of us doing anything about it we simply succumb to the numbness and apathy. Destroy this system, burn it all down and build something better, because this stuff is actively killing us right now. That's not me being hyperbolic, either...
@@autobotstarscream765 OMG, let's not Thanos anything, yeah? Communist Revolution through a new MMO please! Like, this probably won't happen, but maybe can we just get rid of money and do things because we want to? Maybe we all chip in in making the necessities like food and clothes and stuff and then everything else is just hanging out fun time with each other? If you people do a genocide because of my TH-cam comment I will be so pissed...
@ChristopherSadlowski Ah, a Lennonist. Sounds like you Imagine a new world where everything is free and a labor of love like a fangame, but since the real world is resistant to change, the best way to get a new free world would be to Imagine a new digital world from scratch, are any of the free labor-of-love MMOs still up and running or is it time for a new one? 🤔
the blockchain, it turns out, is super easy to hack. All it's hacker-proof security measures are aimed at preventing what's called "Man in the middle attacks," where someone intercepts a transaction and changes the data. And, indeed, it is impossible to hack the blockchain in that fashion. Problem is, that is the least common form of hacking. The most common form of hacking is getting someone to accidentally give you access. Against that, the blockchain has no protection, because the people who made blockchain were so busy patting themselves on the back for making it hacker proof that they didn't think to include 2FA, or any other basic security measures that we use to protect against those other forms of hacking. It's kind of hilarious, actually.
Sounds like competitive Pokemon, but instead of putting in thousands of hours to build a team, you just sink thousands of dollars. Well done, lads, you somehow made competitive Pokemon both more exclusive and far less fun all at once.
Competitive pokemon in person is also expensive, and time consuming, as to get yout team, you'll need multiple games and consoles, and now with the 3ds shop closing a 3ds with the transfer sowftware already installed.
@@lisaruhm6681Well, most people only care about the latest games when talking competitive play, and pretty much every legal pokemon is available on that console.
This game shows the main problem with pay to earn. Its not just a matter of if a game can come out that makes pay to earn work, its that its impossible for pay to earn to work. By its very nature pay to earn games cant work. For them to be profitable, people either need to spend to play, or they need to have a reason to spend. If a game is fun and doesnt require you to spend, then the price of in-game items collapses. If a game is not fun and wants you to spend money to skip the not fun part, then the game will collapse because no one wants to play the game in the first place. There is no alternative. Basically either the game is really fun and theres no reason to spend so in-game items have little value, or the games not fun and the player count eventually plummets and the in-game item prices along with it.
I don't know, WoW still has a large and healthy chinese bot gol selling community and it released in 2004, it had been play to earn for many people over the decades and shows no sign of stopping.
@diegotrejos5780 because WoW is an actual game that gets money from its players, the "pay to earn" aspect comes from outside, not from the devs itself. Furthermore, the product they are selling has an actual value for other players because the game actually entices these players. With pay to earn games you do not have that. Their main focus is on the money earning, not the fun aspect, and as long as they don't develop the game with being a game that is fun first and pay to earn second or lower, it's never going to change.
It can work, you need a good game first though. CSGO is pay to earn; you can get random drops worth real money, I made a profit on each battlepass I bought and completed, and I made a much larger profit after holding onto cases for a few years. The demand kept growing, which increased prices, because the game is fun.
A year ago I would have been salty for you taking jabs at GameStop and NFTs but honestly… watching your videos is super refreshing. You’re correct about almost all of your criticisms about NFTs and GameStop and more importantly you’ve highlighted something that I didn’t consider before. I got so caught up in the hype I failed to realize that for every dollar I made on this stuff, I was literally yanking that from the pockets of someone else. I can’t go back and fix my mistakes but I sure as hell learned from them and getting perspectives from people like you is healthy. I hope more people like myself watch your content and come to a similar conclusion.
Nothing wrong with making mistakes and buying into hype. We all are guilty in one way or another. It takes far more power to recognize that you screwed up and learn from it
@@armorhide406 Thank you my friend. Instead of spending my days stressing about crazy crypto schemes or GameStop stocks soaring into the the sky, I spend it making content for my channel and drawing pictures. Much more zen, 10/10 can recommend.
What people seem to not understand is that money don’t just appear out of nowhere! If no one actually produces any goods in any economical scheme - then you can only earn money by taking it from others! You need actual production of goods or services that would generate money!
@@reformed_attempt_1 Yes, that’s the essence of economics: to get money you need to sell some kind of product to others thus “generating” money. The “product” could be anything as long as you can sell it and get money. If there’s some kind of financial scheme that is claimed to “generate” money - it should have a segment devoted to selling goods to the people. If there’s no such thing in the scheme - it’s a scam designed to get your money!
@@reformed_attempt_1What they maybe mean is that the goods need to hold some intrinsic value, whether that be it being food like corn or even just being rare and shiny like gold. The vast majority of people in these NFT spaces want the "goods" only so they can sell them off and make a return at some point, at least in theory; no-one actually wants the goods for what they are. And because no-one significant actually wants to keep the goods, it relies on there always being a bigger idiot to sell it to (who in turn is buying hoping for it to increase in price and sell again). It's like the stock market except even more artificial and ridiculous and stock prices are still mostly just a measure of how much investors __think__ the company is or will be worth; at least owning company shares means you actually own a part of the company.
@@reformed_attempt_1Sure. For example my company buys sheets of steel for relatively low cost, and then shapes, welds, and finishes them into tubing which sells for significantly more because tubing has more specific uses. It's not a complex system.
OH god iI got traumatized by this game, and was the cause of my depression in 2021. My dad would guilt trip me , after i showed signs of not liking the game, and didn't care about the earning aspect. It took most of my time, and I couldn't study and do the stuff I wanna do. I want to take back all those lost time TwT
Your dad guilttripped you about a game and didn’t give you enough time to study? That’s wild, I’m so sorry man, your dad really dropped the ball with the parenting there 😬
I'm from Venezuela and I remember the Axie Infinity boom all around. I had a couple of friends telling me to try getting into it (Even now there's people suggesting trying it to get money) and I just kept evading it, I was called lazy cause I didn't trust the game, it always seemed sketchy to me that's what kept me away from anything about it, though many friends got some good money from it, enough to get out of the country or get fancy stuff (Phones, cars, computers, etc). I would be lying if I said that if I was told to try it again back then I would say no, I mean, it was a good money source even if it was a scam outside of this country. Even like that, many of those friends who got money just spent it either on food or meaningless stuff and now are back at square one, it's such a shame since they believed this was a real way out of this situation, but it was more like a temporary relief
@@SaintCharlos Sadly no, I'm still attached to this place I like it or not. Getting enough money to get out is kinda impossible (I'm talking about legal ways obviously), or at least it is for me. Like, if getting a job is hard in other places here is basically hardcore+++ since there's so many people needing jobs and too little places to get one, I've been to job interviews that had a really long line of people waiting to do exactly the same, and I'm talking about little jobs like being a cashier or a manager for a little store, now imagine all those big money earning jobs...
And I thinks is worth mentioning that getting dollars (USD$) via online freelancing or other kind of stuff (YT, Twitch... OF) is quite hard, not impossible though, but you need an outsider account to get paid (Cause banks here are not allowed to receive dollars since they're blocked inside the country thanks to bad politics and stuff our """""dear"""" President does). What I mean is that, not everyone has the resources to go through all the trouble of getting an outsider bank account to be able to get the money through an online account (Like PayPal) that lets you get the money inside the country from outside of the national banks to get it inside said banks and use the converted money (USD$ > Bolívares Soberanos Bs.S) inside the country legally And I'm not even sure there's a way to directly convert dollar to bolívares. I guess that's why so much people saw hope in cryptos, that let you get virtual money directly into a wallet that can later be sold to get dollars easily into a Paypal account making half of the job faster
Everybody is a genius in a bull market. Don't beat yourself up about it. I hope to visit your country one day. Good luck building yourself up until then!
I find it interesting how people who seem to love capitalism so much (so much so that they attempt to cram it in every hole they can find) but they don't seem to realize that an economy needs consumers? And I'm not talking about the people who make the game, I'm pretty sure they only care about the initial investment, I'm talking about the people who buy in and never even consider that they might be left holding the bag.
I think it’s because it’s initially framed as just a way to earn money; this also applies to cryptocurrency in general, perhaps even more so, being framed as some sort of legitimate currency. An ignorant entrant into either sphere comes in with that framing, and doesn’t think about where the value is actually coming from.
I love Capitalism. I love it too much to accept this kind of self-destructive behavior. I love it enough to tell it no when the suicidal behavior goes too far for me to take anymore. People who hate Capitalism and want the free exchange of goods and services between individuals to die should be cheering for all of this madness, because this is how we end up in the dystopia of "you will own nothing and you will be happy" with the Supreme Technodictator Dr. Robotnik jamming a gun in your nose and telling you to smile more. Not Bolshevik Revolution in the streets, not beheading Princess Anastasia in the woods, not Winnie-Xi-Pooh brand Social Credit; the road to Hell is paved with NFTs and MTX. 🎵 Imagine all the people, living under Idiocracy... 🎶
The problem is that there can't be consumers because there is no product. The only thing that people are buying is the chance to win more money. And that's called gambling.
I love your story arc throughout your videos. Started out as neutral, trying to give every game a fair try, but after spending time dealing with crypto bullshit you took the only humanly possible option of bashing it as much as possible. 5/5 stars for relatability.
Haha, definitely. I tried to give them the benefit of the doubt, but when you look at the track record, there’s just nothing redeeming to be found. It’s the only natural outcome after learning so much about crypto and playing the games. If you still support it or think it’s the future after playing as many as I have, then you’re either delusional or your bags weigh a ton
@@jauwn well youll notice that you will never literally ever see someone defend nft games without they themselves being invested in said nft games. Theres a reason lol
@@jauwnthe technology is no evil in itself, it's how we use them. Same with cars, internet, cash or anything else. This was a clear pyramid scheme as lots of things and well enstablished companies in real life
My mom almost fell for this. We are Filipino and she saw this trend doing it's rounds in social media. She asked me to try it but I didn't know how to set it up and had little budget to spend on games. (Which was a good thing in this case) About 2 years later and I've never touched it since.
Oh my god. When the official twitter is having to tell its users to stop performing sex crimes, you know you are witnessing exploitation on levels not even imaginable.
Money aside, the saddest part about this game is that the art and animations are genuinely solid, but of course that is tied to bad difficulty balancing, bad audio work, repetitive gameplay, and pay-to-win pvp. In the hands of a indie dev that valued the experience more, and focused less on money, this game could've been genuinely solid.
The biggest problems are down below in the foundations so any good thing that could potentially come from it will never come to be. It shouldn't be too hard to polish it both in the graphics and gameplay to match for example Hearthstone. But then it was meant from the start to be a pyramid scheme disguised as a game.
It also spawned many dumb flexers that got the attention of BIR (for non Filipinos, it's the IRS version of the Philippines) and began taxing these types of monetization.
The popularity of this game parallels that of the species axolotl. No one knew they existed, some low iQ individual decided they were literally the best thing to grace earth, sheep flocked, then everyone forgot to care. Who do you feel worse for, the broke investors, or the neglected axolotls in dirty tanks?
Just started watching the vid., But I guess I'm one of those low iq individuals, although some of my scholars would probably disagree. The game is still developing and no we didn't forget to care. Cheers.
@@joedav67 I never made money on it, it all went into schoolars, yeah I do enjoy the game when I play it especially team building it's just like any other tcg card game out there and I'm a fan of those, I also play gods unchained. Pretty much the only 2 crypto games that I find fun.
Don't get me wrong, but to me anything related to crypto is scam. I don't care if it is bitcoin or anything else. None of this is trustable. I rather save money and invest in businesses for the future than to be stupidly greedy and lose all the money for crypto. Good luck to those who are still engaged in that.
bitcoin at least has a legitamate use for buying drugs from the internet lol. that really seems to be the only legitamate use for crypto (using it to buy illegal things) everything else about it is just gambling or a ponzi scheme
I agree that crypto is used for scams a lot. But trusting in your money or putting in a company is the same thing. Inflation is more money being pumped into the economy -> government does a poor job. Sometimes the government can also just freeze all your assets. Or just seize everything. This happens. Even due to corruption or because you pissed someone off who had some power. The business you're Investing into can also be a scam and rob you of all your money. Or just good old phone scammers. You're not more secure in the "real world". Then the early days of the Internet where every second person was ripped off by a pop-up. It's just the low barrier of entry and lack of general experience. It's kinda sad though. The technology has some really good applications. Imagine having a certificate of ownership as an not for a house or something. You could clearly track who owned the house before. Who issued the certificate of ownership and all of that. But the reputation of crypto is so bad by now that I don't think we will see any innovative usecase anytime soon :|
@@Xmasta420 that's not how that works dude. You can always get scammed especially if you think you're too smart to be scammed. Don't have crypto brain.
I think I somehow managed to be completely unaware of a massive travesty like this because of how uninterested I have always been in anything crypto. But damn, this is just plain evil like the title says.
The fallacy of waiting for crypto game assets to increase in the next 5-10 years is incredible, especially since the standard business practice of these developers is just to move on to a new scheme once the price tanks one way or another. Even in a non crypto online game, if nobody is playing anymore they will just shut down.
16:52 that's not fair. Watching grass grow is way more interesting. At least you're also touching it compared to looking at simulated grass in the game.
I was a student of a very prominent cryptography professor from around 2019 to 2022, and he would routinely go utterly apeshit over stuff like "Crypto kitties". I recall at one point he issued an anonymous poll to the class, where you could input whether you think crypto and NFTs are "The future" or "Just a scam" and became utterly enraged with us when something like 96% of the class said it was just a scam. During Covid, I was very briefly in a group chat with him and other professors (I don't think this was intentional, my projects were unrelated), and the man was salivating over the money they could make from the pandemic. It completely eroded my respect for some professors and experts I genuinely respected up until that point, and ultimately I chose to leave after my Bachelors was completed.
A friend tried to persuade me to play the game. The moment he explained the manager/scholar and everything, the more it felt like a pyramid scheme for me.
I didn't invest on axie despite its growing popularity way back. I was uninterested because I don't want my hobby (gaming) to be associated on something as earning money.
You're like the terrible NFT game version of Josh Strife Hayes! Incredible review, I love watching these vids, especially because you do genuinely give each game a chance and don't just bash it because of the software its connected to. (even if it seems like every game you review squanders that chance XD)
6:07 "It's a normal crypto price cycle. Nothing to worry about." No matter what happens in your life, take solace in knowing you will never be *this wrong.*
"We are decentralized!" - Majority of nodes aka votes are all on ONE computer/can be accessed or possessed via this ONE computer. Web 3 reallly is going just great with brains like the people that thought this was a good idea creating the software.
It's even funnier than that. Axie Infinity was experiencing congestion so they temporarily became centralized to fix it but forgot to become completely decentralized again so that's how the hackers were able to steal the money
This is the second one of your videos I've watched. I didn't know that there were know crypto games to support a dedicated channel. As much as I like your content, I find this fact depressing all the same.
Oh my, you’re in for a wild ride then. There are literally THOUSANDS of them, I’ve barely scratched the surface. Luckily for all of you, I am the one playing them… not you guys.
@@jauwnI knew there were a lot-I’ve watched your stuff a bunch since I first discovered this video, after all-but THOUSANDS? Forget general crypto, how much of the world’s e-waste is coming from JUST crypto games?
Seeing people lose upwards to 35K on an intangible investment, makes me feel a whole lot better on the fact I've spent money on something more tangible, like groceries.
yeah pretty much, I was a scholar of this "game" because my boss fall for it, at first it was fine I only was playing just a couple of hour a day and the paid was nice, I only really liked the adventure mode and only while I needed to complete it but once completed it become a mandatory chore, but over time my boss stared asking more and more and more I and a was play this *garbage* for 9 hour a day all freaking days of the week meanwhile the paid was decreasing every single time... until I finally rage quit... In hindsight, I should have notice that something was wrong when the incentive to play the game was the money you can make with it rather than the fun you will get with it, with just make it a shitty job...
I honestly can't believe there are people that think playing video games might ever replace work. Currency is a store of value, a value derived from... doing work. You can't replace work. It's what gives money meaning.
Most crypto schemes fall apart immediately if you ask the question "Does anyone want this just for the sake of having it?" Because no, nobody does. The only utility of the product being made is to hopefully sell it to someone else for more money later. There's no end user. There's no good or service. It's all smoke.
As Ex Axie player, I once thought that I could just hoard enough LSPs to cash out next year in the beginning of the month but after I heard reports that players such as my relatives and my coach were onky gaining a cent, I quickly dropped out knowing none of this is getting any worth anymore
It is pretty funny how for a long time I had no idea what kind of game Axie infinity was because nobody would ever actually talk about the gameplay, every inch of discussion about the game was focused on people either making or losing money on it (usually the former because we can't have any of that FUD amirite?). Turns out it was because the gameplay itself is pathetic and likely to lead you into a vegetative state from neuron decay. Nobody in history has played Axie Infinity because they find it fun, no matter what they try to tell you. Financial literacy should become a mandatory subject in schools, but good luck getting that to happen when those with influence don't want their future serfs to know how to defend themselves from exploitation.
Yeah. This thing is so popular on my friend circles and they constantly advertise it as a panacea of poverty. As soon as they explained it to me the mechanics of the game I quickly conclude that its a pyramid scheme. This game is too good to be true. So many innocent lives are affected in this game that its safe to say that its more evil than EA's antics 😢
I find it both funny and sad that I was first introduced to this... and all related nft/crypto stuff via randomly finding a commission someone got of their axies in the vain of pokemon. With the male pokemon trainer from Sword & Shield in their Gym outfit. I was actually drawn in because of the creatures and wanted to play it. Getting paid would have just been the cherry on top. But that said, finding channels like KiraTv told me all I needed to stay FAR far away from them. It's been a couple of years, and THIS video is the most knowledge I've obtained regarding the game. Thank you for showing me what I missed out, lol! XD
i've known people who have lost thousands of dollars because of this game. even though technically it's their fault for buying into the hype and not doing any risk management, its still sad to see literal people i know lose a lot of money. what happened with axie is a cautionary tale to not always buy into the hype, do a deep dive into whatever investments you're getting yourself into, and please for goodness sake do some risk management before investing any amount of money into something.
You're on quite a journey, playing all these crypto nightmares. I'll be sure to visit you in whatever institution you're committed to after you go insane from playing these 'games'. Thank you for your work!
why do they invest?.... is so stupid, you say that, when the majority never invested anything. it actually did the opposite, now there is CRYPTO games that have even more philipino players like pixels and others... if you don't invest, you just get the spread of purchase power foreign investors. theWOKE fans of this channel will never understand how that save lifes and also helps to the spread of purchase power to the whole world.... but ok. is a waste of time to explain hardcoresocialistSCUM like yall how crypto games are way more fun and revolutionary than you think,
It really did blew up here in the Philippines, I had close friends who invested large amounts of money during its peak, I knew someone who invested 100K PHP when you convert it to USD it doesnt seem that much its like 2K USD more or less, which was crazy to me. I never invested on it because I knew from the very start that it was a pyramid scheme.
i remembered my cousin explaining to me how they generate money from this game, his explanation was "you need to buy from other players and sell to other players" my response was so "u buy money with money?" and after the hype he lost around 80k pesos around $1300
I remember seeing ads for this a long time ago. It's sucks that Philippines is mentioned a lot here, good thing my Mom never discovered it, I can only imagine the arguments we might've had
I lost count how many arguments I had with Axie players pretending to be super rich already, and that they don't need to do any work at all. Now, they're so silent and probably depressed and IDC, it's their greed and foolishness that has lead them to their demise.
I remember when this trend came in its heyday. Having just gaining some much in debt after the death of a family member, my mother cashed in a quarter of her earnings to this. I repeated refused her pleas to join in. Taking down any possible strategies, she seemed really desperate. I already had doubts in this game, I knew it was a huge scam. By the end of it, it was hard to watch all that money go.
09:00 and if you check that post, you'll see people in the comments still clinging to the idea that crypto gaming will succeed, even thinking the OP's fate is merely a setback
the icing on the cake for me, was youtube ending the video with an add for a company that paints teslas. I guess when something reeks one should expect musk.
A friend of mine started playing this stuff in a scholarship way back in, like, 2019. I didn't know shit about NFTs and remember being wildly confused about how this shit could generate money since there was not product or service being offered. Then I took a look at the white paper and realised it was a pyramid scheme and I was like "oooohhh, so that's where scammers are going now"
I was in Axie for about 4 or 5 months as a breeder... in the biggest month I earned 50k in less than 30 days. I was breeding up to 180 axies every 5 days... I then made the mistake of holding one of my last breed waves until the start of the next season... the axies held lost 30-50% of their value! but i liquidated it and was still highly up... I then left it staked in AXS which had some great staking rewards... I was so naïve! I bought in at about $120 per AXS and sold all my AXS (with 100% or so APR) for about 45k total... about 60-$70 each and dove into pegaxy... that was a fun project... XD
1:06 My Filipino In-law tried to see if I can afford (I can't) a pet there and offered to train it for me. I also remember one of my Sister-IL playing an autoplay game to farm NFT's. Generally, the people in this country are prone to ponzi schemes like crypto, due to the hard living conditions.
Thanks very much for this, it really satisfied my curiosity about this much hyped game. How tedious - just play Slay the Spire and have fun. Thanks for this high quality video.
Ah yes, Slay the Spire, where the cards depict cool and fun stuff instead of even more malformed Fluffy Ponies. Who looks at these nauseating blobs and thinks "ah yes, these sure do live up to the stunning and brave "art" of the fugly apes, I want to play an entire game consisting solely of these neon turds!"?
I think it's honestly "silly" how people just can't grasp the concept that there is no easy money on this earth, you either put your effort on gambling or you work hard and reap your rewards
21:20 Maybe there's a reason why something like that doesn't exist in Web2, because there's *_no demand_* for it, a straight farming MMO would get boring fast, that's why it's always a side activity in MMOs. Cryptobros know nothing of gaming.
I naturally hate things that are popular. when axie iinfinity came out in our country, ive been peer pressured countless of times, even one of my boss doesnt think its a pyramid scheme and im just some kind of theory crafting nutjob who watches too many youtube videos. when NFTs are pretty much dead, no one in that group who were playing this is even talking about it at all. like they've gone quiet as NFTs just died. I really want to show this video to their face and be like "AHA!" so badly.
I’ve never heard of this debacle before but it’s reminding me of that moment in time where third world people turned to farming in MMOs like WoW and players were targeting or protecting them.
The real technical problem this game had was there was no mechanic where the unlimited token was supposed to make it scarce, also, most of the big guilds in this game were part of that problem by monetizing the game making too many people play the game for them via account piloting aka account sharing was possible due to two types of passwords without compensating the owner, the owner has a private password and the pilots aka axie scholars were given temporary passwords until they wanted to leave. The big guilds were crashing the economy it had by literally drying the system outward where the supply of the thing called SLP was too much that the price went down, the usage of slp back then even today is still used for breeding these monsters. I could say its a very different approach to what people say about it now since it has some different mechanics compared to that other steam game where everything is static, effects wise it has more visual effects than slay the spire. Would be nice if there was another game where you could breed a deck, similar to axie where you also play with 3 creatures. It cost me zero fiat, I got in early when I had the chance to play it for free, since I was an axie scholar. The only regret I had was I never cashed out, but it feels fine since I spent no money in it.
So the unlimited token could literally be printed out of thin air. Can't see how that could go wrong, no sir! At least Bitcoin had a 21 million cap that will take 100 years to mint
if they use their brain just for one second they'll realize, no value can be generated from the thin air, people have to actually work IRL, axie is basically printing money with extra steps it's funny how everyone said the Economics Explained channel sucks, but that channel help me to understand macroeconomy and invest better
Thanks for watching, everyone!
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Is it a dead project. If not what will be the ath in the next bullrun?
Surprised axolotl face!
Most expensive game? Gacha or NFT. Only expensive because our human's endless greed i guess
Gala games is also like this one. Can you do a review on that one?
21:05 "[...] going through the map? Like, that's gonna create, like, cool moments. That's gonna create, like, wholesome moments, and... I think that's where it _really,_ really- it can _really,_ really take off."
_[Generic Praise sequence complete. Begin Specific Praise...]_
"There's really no... There isn't- There isn't any game out there, not even in Web 2, there is no MMO farming game. Like, where you can, like..."
_[ERR: Reference List: "Unique Game Features" not found. Seek alternate subject...]_
"..."
_[ERR: Reference List: "Memorable In-Game Social Interactions" not found. Seek alternate subject...]_
"..."
_[ERR: Reference list: "Enjoyable Game Features" not found. Dead Air period exceeding non-suspicious limits. ABORT current train of thought. Shuffle and replay Generic Praise sequence.]_
"... like ... not like this, there- There's nothing like this."
That guy has 100k+ followers and is probably one of the most "famous" crypto influencers lmao
[Specific Praise Sequence failed]
[Reason: Couldn't find anything to praise]
Crypto Luigi hit hard times since putting money into Atlas Earth.
you can almost hear old school modem connection noises :D
What always gets me about cryptobros is that when they talk about games like this is that they want more games like this, but not once do they ever talk about gameplay or *fun*. They just want to talk about making money and the most efficient way to make that money. I don't understand how you get to that point in your life where you view everything in your day-to-day as a hustle and I just stop feeling sorry for them.
True. It reminds me of extreme cheapskates types who actively worsen their lives in attempt to save every single penny, even if they absolutely do nnot need to.
Putting a price on only objects and not the price of abstract things turns people's brains into a libertarian mush.
What are they even going to do with that money if they can’t just have fun? To gain status in their toxic group?
@@valivali8104Yep! These same cryptobros are now taking over children platforms like roblox with clothing accessories because robux can be turned into actual money and will spend thousands of dollars just to turn over items and sell it for even higher. They also now make games with these “ugc” items, tel kids they get free items if they play, but push it to be impossible to get while they make money off them too. In the end it’s someone taking advantage of someone else to make “easy money”. No k oh be actually wins.
Idk how they expect people to buy in on an idea when they're talking about money right out of the gate. Especially considering the fees involved just to convert normal currency to what they want. Cryptocurrency in a nutshell.
As someone who was hyperventilating on the floor suffering a very severe panic attack and then stood up too quickly not too long before watching this vid, I can confirm that that was still more fun than playing axie
No idea if this is serious or not, but this is a mood. Also, I hope you're doing better nowadays, stranger!
@@99bottlesofwine Serious, not doing much better... but I am doing better than playing Axie haha. Thanks for caring
@@Langharig_Tuig Hope you're doing better now! I've had severe panic attacks before. That shit is not fun. Still better than Axie tho :P
Coming from someone who's had several panic attacks before, especially one while in VR back in 2021, it's not a fun experience. Still better than playing Axie Infinity though. Hope you're doing okay by the way and that things improve for ya if not. ^^
@@Delta-oy8wmout of curiosity is VR realistic enough to cause a panic attack or does it not really work that way? Sorry if you don't wanna talk about it I understand
I do understand that they took the term "scholarship" from university sports but it is such a disgusting misaproppriation. Serfdom or Digital Colonialism would be more fitting.
Just another parallel to a pyramid scheme, by carefully twisting the language around the game. "Be your own boss" sounds so much better than "pay to sell crap products that nobody buys"
@@jauwnbe your own pit boss more like.
Most of my scholars earned a significant amount of money and made repairs to their homes, bought cars, bikes, pc's, clothes groceries etc They invested 0 money, put in only their time and made profits. I have yet to find one of them that feels bad about that deal.
@@johndistick9702 do you enjoy the game or do you enjoy making money?
@@johndistick9702that’s called a job…
Filipino here, I had so many acquaintances/friends that were absored into Axie scholarship/management (most of which pulled out early I'm assuming). so many other pay to play crypto games boomed during the height of the pandemic where poverty was really bad. Crypto games are extremely predatory and manipulative, its no wonder why they thrived at developing countries
Poor people are also more often than not, opportunistic idiots
same here, i even got invited to pilot their accounts "pa-scholar"
"pano naman yung ininvest naming pera" -manager 😂
Dogie influence 😂
BRO puta I'm from Leyte I haven't seen much of it since axie is before my time, but I swear to God some teachers were really taking advantage of this shit. Kasi they have easy access to teens. It scared me when I saw that my CS teacher was in an axie discord server. Dawg Anong ginagawa mo 😭
I can’t imagine rage existential dread of essentially being a medieval serf, but instead of like growing cabbages or producing some other kind of tangible good, you have to sit and play a mindnumbing card game with generic cutesy little characters all day everyday
You live that life for some capitalist tho
we're all serfs anyway in post modern society. you just can't see you bondage. btw medieval peasants had more days off and worked less than you.
Shhhhhh don't tell them, they can't possibly even understand. It's like going up to a monkey cage and explaining meta-physics, what's the point.@@voji4407
@@RealAICClThat's an expression I saw quite a lot during both crypto scam bubbles. And, maybe it's just the scammers and fraudsters too blinded by their own greed. But, here's the thing. Even if all you do is produce useless plastic chatchkis, at least you are creating *something*. At least, there is the materials cost of the stuff that went into it. Here, you a creating literally nothing and are wasting massive amounts of water and electricity to accomplish it. All for the purposes of fraud. Congratulations.
Medieval serfs could at least find solace in strong community bonds and expectations of welfare from their lieges. This game doesn't offer that
"This game is great for poor people to play and earn as they win matches!"
"Rich people will get the best Axies and you will never beat them!"
WTF.
The system changed a lot. First statement was true. Second statement is currently true.
@@FSniffer It is currently true because it was specifically designed that way. It's called Pay to win.
@@ng.tr.s.p.1254 actually it's a way to give more life time to the "game" because there's no cake for everyone. It's p2w but also gambling
1st statement used to be true when SLP value was high, so many friends (which were middle to upper-middle class people) were into axie before (I'm a Filipino, Axie was suuuuper popular, even got featured in television programs)
but the inflation + whole premise of it is just toxic and inevitably led to losses. thankfully i didn't get consumed by FOMO
When there were many poor people who play the game its probably was easier to win, but currently what left is mostly people who are still holding on to their losses
My cousin used to play this game, and he hates it a lot. It was more of chore than a game that you should enjoy. He's always frustrated when it's that time of the day again, after his regular job, where he had to play and spend all of the energy.
He doesn't enjoy the game one bit, he was just forced to play the game to get their ROI, their family invested right before its downfall. And during its low point, it's really hard to recover their investment.
He finally had a sense of relief when their family just accepted their losses. And whenever we talk about it, he had that "PTSD" feel.
I'm glad I didn't proceed to invest my time and money on that game.
i tut its just me..
See it’s stories like this that bring me back down to earth and understand Jauwn’s tough criticism
When I remember this isn’t a pet project by a bunch of nerds
This shit was a predatory hurt people, they deserve no sympathy or understanding or benefits of the doubt
@@sweethysteria8737
Families have been torn apart and innocent people have completely ruined their lived for crypto.
And people wonder why i get so upset
My brother made me a 'scholar' in this game at its peak. Once I earned enough to buy an XBOX, I pulled out. Best decision ever.
You're bragging that the way you made the money to buy a game console was through participation in a system that exists solely for widespread fraud, concentration of political power, and devastation of consumer protections? Good job, you did it....I guess.
Smart
You need to disown your brother.
@@TheGloriousLobsterEmperorbecause he made him money, makes sense
@@reformed_attempt_1 no because hes a cringe crypto bro who is the reason we have so many scams shit coins and shit games coming out
Someone made Slavery With Extra Steps into a video game? I suppose it was inevitable but it doesn't make it any less depressing. So much techbro shtick comes off like people read dystopian scifi and found it inspirational.
I would rather have slavery than mega-monetized nonsense tbh
Techbros will be like "Wow, economics is so simple, I can't believe everyone in charge of global economics never thought of THIS solution I came up with, surely we can do better than them"
Then they implement it and it only works as long as the users keep tinkerbell alive by believing in fairies.
@@ZorotheGallade I mean, it sounds ridiculous, but then you look at sovereign citizens who are prepared to believe that every English-speaking country's legal system has the same easily exploitable loophole that they've just left in place for literally centuries.
Some people just really like the idea of being the main character, I guess.
@@FTZPLTC my favorite are the british sovereign citizens(living in britain) who cite the Articles of Confederation.
hey man, they ain't slaves if they got paid. a slave owner would have fed, clothed and housed their slaves. none of that was going on here. serfs, maybe.
>employees are required to send nude photos
>Developing country
I don't like where that's going.
They could be used as blackmail, they could be shared, even the humiliation of taking them is an assault. What the actual fuck?
@@anne-zh2kdoh it's all blackmail, full stop. It's to keep the "employees" in line, shut up, dare not think of leaving, and NEVER report what's going on. This is why you should never trust people, groups, or institutions who say, "We don't need regulation or oversight. We can police ourselves!" Yeah, police yourselves right into piles of cash stolen off a mountain of human suffering and misery. Crypto was always a big bag of bullshit from the get, and will die a bigger bag of bullshit as the libertarian dream of unfettered capitalism burns itself up like a giant blue star that lives fast and dies young in a huge explosion that obliterates everything around it.
It's sickening really.
@@anne-zh2kdand don't forget that some of the players aren't even adults...
H how did this go under the radar?!! This is bsd
I remember my family telling me to play this slavery game, and I was treated like an idiot when I tell them how I see it.
It was mentally draining and I was just straight up dying inside.
My dad called me a republican (as a joke), because I wanted a real face to face job instead of playing axie. I may be a gamer, but I have standards dangnabbit
same my dd would keep saying . It's great that I can earn and do the thing I like. No I like certain games, I already predicted that it'll crash by then hayst.
Lol same when I said no to my mother she told me "then give me your phone since its just useless anyways" narcistic people thingz lol
Lmao I live in one of the countries that it's really popular in and almost every single axie player here is talking about how dumb people are for not playing it lol
It's probably already too late when they start asking you to play. Because value of a crypto is only worth it in early release, then it becomes worthless, when rich people start dumping these sht coins
I didn't invest into axie infinity during its ATH because I was one of the few who saw the pyramid structure to begin with as a game developer myself. I did my own research and tried to tell my family/friends to not invest into this game, but they were blinded by the greed and success stories of random people. So, sad I couldn't find a good enough TH-cam video to convince them to stop. But just glad your content is here now Jauwn.
The people who didn't invest at the top are still making money though. I am one of them. I stopped investing and started selling my axies as the market started to crash and made huge profits. I am still playing regularly and the axies i still have can form teams that can earn AXS every season. People who are playing with GOOD scholarship teams are still earning AXS. Slp is a utility token and its price is irrelevant.
@@johndistick9702 do you even like the game? Wouldn't you rather just work the stock market?
@@joedav67 "no no you have to understand, the stock market is extremely volatile due to its centralized structure" -some NFTbro
@@mrmotivated8667 It's crazy how they say that when crypto has been shown time and time again to be far more volatile!
@@joedav67This John fellow is the epitome of Survivorship Bias and is commenting on every thread about his remarkable scholarship gains, the real world doesn't like money printing machines and for 99% of people who geg into the scheme it will generate no gains.
As a Filipino, I was one of the few who refuses to interact with this game during the pandemic. I'm a gamer myself, and everytime they pitch this game to me, it's always about money, earning and SLP. And as gamer myself, playing a game not to enjoy and have fun is an immediate turn off for me.
Okay, be broke then.
@@-originalLemon-anyone playing this game was broke lmfao you wouldn’t play it if you had money 😂
@@-originalLemon-Why don’t you invest in something real
@@jebalitabb8228yes but I'm saying that he keeps being broke, unlike the ones who invested and got money.
@@corvus8638crypto is the future buddy.
The whole scholarship system and promoting "people in poor countries being able to earn money" reminds me of Runescape - a game that actually helps people in poor country being able to earn money. Mostly Venezuela.
Since Runescape is a) very popular and b) runs even on moldy potatoes many Venezuelan people decided to dring gold and goods in Runescape instead to simply... have food on their plate (or even... have ticket to leave the country and go somewhere else where things go better). This worked (and propably still works) to the point that you could meme the "Runescape is biggest employer of Venezuelan people" and not be that far from the truth.
The main difference is that Runescape is game first and place to earn money... not even second, more like twenty-second at most. It also developed organically due to game simply having those two traits I mentioned earlier.
Just shows that if you want the "play to earn economy" you simply need to create good MMO first and then... simply wait while keeping good MMO... well a good game. Low entry cost (being free and having low specs requiements) also help greatly. But those NFT focused game-making people will never get that...
They're trying to rip off WoW. 😂
Oh, no, the NFT people actually do get it. They get it very much. Remember, these systems all around us are engineered by people; most modern human activity doesn't arise organically. It's why videogame companies hire unethical psychologists who help them design addictive game systems. Almost every industry does something like this, spending god knows how much money figuring out how to hijack intrinsic human behavior, psychology, and biology. We're all being manipulated by already rich people who will stop at nothing to get even more rich. We should all be outraged, but unfortunately they've also designed these systems to suppress that in us, so instead of us doing anything about it we simply succumb to the numbness and apathy. Destroy this system, burn it all down and build something better, because this stuff is actively killing us right now. That's not me being hyperbolic, either...
@@ChristopherSadlowski Instructions unclear, Communist Revolution by means of committing Thanos or make new MMO?
@@autobotstarscream765 OMG, let's not Thanos anything, yeah? Communist Revolution through a new MMO please! Like, this probably won't happen, but maybe can we just get rid of money and do things because we want to? Maybe we all chip in in making the necessities like food and clothes and stuff and then everything else is just hanging out fun time with each other? If you people do a genocide because of my TH-cam comment I will be so pissed...
@ChristopherSadlowski Ah, a Lennonist. Sounds like you Imagine a new world where everything is free and a labor of love like a fangame, but since the real world is resistant to change, the best way to get a new free world would be to Imagine a new digital world from scratch, are any of the free labor-of-love MMOs still up and running or is it time for a new one? 🤔
"Hey Grandpa! How did you get so rich?"
"Well little Billy, they used to give me money to play a crappy Pokemon knock off."
the blockchain, it turns out, is super easy to hack. All it's hacker-proof security measures are aimed at preventing what's called "Man in the middle attacks," where someone intercepts a transaction and changes the data. And, indeed, it is impossible to hack the blockchain in that fashion.
Problem is, that is the least common form of hacking. The most common form of hacking is getting someone to accidentally give you access. Against that, the blockchain has no protection, because the people who made blockchain were so busy patting themselves on the back for making it hacker proof that they didn't think to include 2FA, or any other basic security measures that we use to protect against those other forms of hacking.
It's kind of hilarious, actually.
This guy knows what he’s talking about
sadly, no system is immune to id10t and pebcak
Sounds like competitive Pokemon, but instead of putting in thousands of hours to build a team, you just sink thousands of dollars. Well done, lads, you somehow made competitive Pokemon both more exclusive and far less fun all at once.
There's actually a real game for Pokemon though, Pokemon Showdown is pretty fun.
Competitive pokemon in person is also expensive, and time consuming, as to get yout team, you'll need multiple games and consoles, and now with the 3ds shop closing a 3ds with the transfer sowftware already installed.
@@lisaruhm6681Well, most people only care about the latest games when talking competitive play, and pretty much every legal pokemon is available on that console.
@@NovaMaster375 how do you get for example 0 Speed IV Cresselia time-efficient in modern/switch Pokemon games?
@@lisaruhm6681 Well that would involve either farming one in Arceus or using the IV reset items in S&V
This game shows the main problem with pay to earn.
Its not just a matter of if a game can come out that makes pay to earn work, its that its impossible for pay to earn to work.
By its very nature pay to earn games cant work. For them to be profitable, people either need to spend to play, or they need to have a reason to spend.
If a game is fun and doesnt require you to spend, then the price of in-game items collapses. If a game is not fun and wants you to spend money to skip the not fun part, then the game will collapse because no one wants to play the game in the first place. There is no alternative.
Basically either the game is really fun and theres no reason to spend so in-game items have little value, or the games not fun and the player count eventually plummets and the in-game item prices along with it.
I don't know, WoW still has a large and healthy chinese bot gol selling community and it released in 2004, it had been play to earn for many people over the decades and shows no sign of stopping.
Savvy ones go with a third option though: free play is already fun, but paid perks make it even MORE fun!
@diegotrejos5780 because WoW is an actual game that gets money from its players, the "pay to earn" aspect comes from outside, not from the devs itself. Furthermore, the product they are selling has an actual value for other players because the game actually entices these players. With pay to earn games you do not have that. Their main focus is on the money earning, not the fun aspect, and as long as they don't develop the game with being a game that is fun first and pay to earn second or lower, it's never going to change.
It can work, you need a good game first though. CSGO is pay to earn; you can get random drops worth real money, I made a profit on each battlepass I bought and completed, and I made a much larger profit after holding onto cases for a few years. The demand kept growing, which increased prices, because the game is fun.
They mixed NFTs with MTX to create a bastardization of technology itself.
WEB 2 -> If you dont know where the content comes from, YOU are the content.
WEB 3 -> If you dont know where the yield comes from, YOU are the yield.
A year ago I would have been salty for you taking jabs at GameStop and NFTs but honestly… watching your videos is super refreshing. You’re correct about almost all of your criticisms about NFTs and GameStop and more importantly you’ve highlighted something that I didn’t consider before. I got so caught up in the hype I failed to realize that for every dollar I made on this stuff, I was literally yanking that from the pockets of someone else. I can’t go back and fix my mistakes but I sure as hell learned from them and getting perspectives from people like you is healthy. I hope more people like myself watch your content and come to a similar conclusion.
Nothing wrong with making mistakes and buying into hype. We all are guilty in one way or another. It takes far more power to recognize that you screwed up and learn from it
Good on you for growing. Hopefully more can do the same. Respect
@@armorhide406 Thank you my friend. Instead of spending my days stressing about crazy crypto schemes or GameStop stocks soaring into the the sky, I spend it making content for my channel and drawing pictures.
Much more zen, 10/10 can recommend.
What people seem to not understand is that money don’t just appear out of nowhere! If no one actually produces any goods in any economical scheme - then you can only earn money by taking it from others! You need actual production of goods or services that would generate money!
Goods that generate money? 😂
What
@@reformed_attempt_1
Yes, that’s the essence of economics: to get money you need to sell some kind of product to others thus “generating” money. The “product” could be anything as long as you can sell it and get money.
If there’s some kind of financial scheme that is claimed to “generate” money - it should have a segment devoted to selling goods to the people. If there’s no such thing in the scheme - it’s a scam designed to get your money!
@@reformed_attempt_1What they maybe mean is that the goods need to hold some intrinsic value, whether that be it being food like corn or even just being rare and shiny like gold. The vast majority of people in these NFT spaces want the "goods" only so they can sell them off and make a return at some point, at least in theory; no-one actually wants the goods for what they are. And because no-one significant actually wants to keep the goods, it relies on there always being a bigger idiot to sell it to (who in turn is buying hoping for it to increase in price and sell again).
It's like the stock market except even more artificial and ridiculous and stock prices are still mostly just a measure of how much investors __think__ the company is or will be worth; at least owning company shares means you actually own a part of the company.
@@reformed_attempt_1 things that people like you and I would spend their money on.
@@reformed_attempt_1Sure. For example my company buys sheets of steel for relatively low cost, and then shapes, welds, and finishes them into tubing which sells for significantly more because tubing has more specific uses. It's not a complex system.
when wikipedia outright says "its a pyramid scheme" in the first paragragh, thats how you know its quality
OH god iI got traumatized by this game, and was the cause of my depression in 2021. My dad would guilt trip me , after i showed signs of not liking the game, and didn't care about the earning aspect. It took most of my time, and I couldn't study and do the stuff I wanna do. I want to take back all those lost time TwT
Your dad guilttripped you about a game and didn’t give you enough time to study? That’s wild, I’m so sorry man, your dad really dropped the ball with the parenting there 😬
@@bloodbuddy7 money blinds a man's perception I guess
Nah your dad's just a POS don't think about it
Sounds like that guy doesn't deserve title of dad/father...
@@valivali8104 he's chill but yk greed sometimes blinds a person
Watching the guy at 21:28 struggle and fail to just say one thing you can do in this game is just the most hilarious thing to me.
It's even funnier if you were on Facebook in 2012 because he's struggling to describe "it's Farmville-like" without saying it's Farmville-like.
I'm from Venezuela and I remember the Axie Infinity boom all around. I had a couple of friends telling me to try getting into it (Even now there's people suggesting trying it to get money) and I just kept evading it, I was called lazy cause I didn't trust the game, it always seemed sketchy to me that's what kept me away from anything about it, though many friends got some good money from it, enough to get out of the country or get fancy stuff (Phones, cars, computers, etc).
I would be lying if I said that if I was told to try it again back then I would say no, I mean, it was a good money source even if it was a scam outside of this country. Even like that, many of those friends who got money just spent it either on food or meaningless stuff and now are back at square one, it's such a shame since they believed this was a real way out of this situation, but it was more like a temporary relief
Are you out of Venezuela yet?
@@SaintCharlos
Sadly no, I'm still attached to this place I like it or not. Getting enough money to get out is kinda impossible (I'm talking about legal ways obviously), or at least it is for me.
Like, if getting a job is hard in other places here is basically hardcore+++ since there's so many people needing jobs and too little places to get one, I've been to job interviews that had a really long line of people waiting to do exactly the same, and I'm talking about little jobs like being a cashier or a manager for a little store, now imagine all those big money earning jobs...
And I thinks is worth mentioning that getting dollars (USD$) via online freelancing or other kind of stuff (YT, Twitch... OF) is quite hard, not impossible though, but you need an outsider account to get paid (Cause banks here are not allowed to receive dollars since they're blocked inside the country thanks to bad politics and stuff our """""dear"""" President does).
What I mean is that, not everyone has the resources to go through all the trouble of getting an outsider bank account to be able to get the money through an online account (Like PayPal) that lets you get the money inside the country from outside of the national banks to get it inside said banks and use the converted money (USD$ > Bolívares Soberanos Bs.S) inside the country legally
And I'm not even sure there's a way to directly convert dollar to bolívares. I guess that's why so much people saw hope in cryptos, that let you get virtual money directly into a wallet that can later be sold to get dollars easily into a Paypal account making half of the job faster
I've heard that RuneScape may fare better.
Everybody is a genius in a bull market. Don't beat yourself up about it. I hope to visit your country one day. Good luck building yourself up until then!
I find it interesting how people who seem to love capitalism so much (so much so that they attempt to cram it in every hole they can find) but they don't seem to realize that an economy needs consumers? And I'm not talking about the people who make the game, I'm pretty sure they only care about the initial investment, I'm talking about the people who buy in and never even consider that they might be left holding the bag.
I think it’s because it’s initially framed as just a way to earn money; this also applies to cryptocurrency in general, perhaps even more so, being framed as some sort of legitimate currency. An ignorant entrant into either sphere comes in with that framing, and doesn’t think about where the value is actually coming from.
I love Capitalism.
I love it too much to accept this kind of self-destructive behavior.
I love it enough to tell it no when the suicidal behavior goes too far for me to take anymore.
People who hate Capitalism and want the free exchange of goods and services between individuals to die should be cheering for all of this madness, because this is how we end up in the dystopia of "you will own nothing and you will be happy" with the Supreme Technodictator Dr. Robotnik jamming a gun in your nose and telling you to smile more.
Not Bolshevik Revolution in the streets, not beheading Princess Anastasia in the woods, not Winnie-Xi-Pooh brand Social Credit; the road to Hell is paved with NFTs and MTX.
🎵 Imagine all the people, living under Idiocracy... 🎶
The problem is that there can't be consumers because there is no product. The only thing that people are buying is the chance to win more money. And that's called gambling.
@@autobotstarscream765aren't you a bit too young to believe in the red scare still?
@@BooksandBuns I think you might have missed my point by a tiny bit there.
I love your story arc throughout your videos. Started out as neutral, trying to give every game a fair try, but after spending time dealing with crypto bullshit you took the only humanly possible option of bashing it as much as possible. 5/5 stars for relatability.
Haha, definitely.
I tried to give them the benefit of the doubt, but when you look at the track record, there’s just nothing redeeming to be found.
It’s the only natural outcome after learning so much about crypto and playing the games. If you still support it or think it’s the future after playing as many as I have, then you’re either delusional or your bags weigh a ton
@@jauwn well youll notice that you will never literally ever see someone defend nft games without they themselves being invested in said nft games.
Theres a reason lol
@@Lasthope06So true 😂😂😂
@@jauwnthe technology is no evil in itself, it's how we use them. Same with cars, internet, cash or anything else. This was a clear pyramid scheme as lots of things and well enstablished companies in real life
@@jauwnYeah, there’s not much doubt to give them the benefits of.
My mom almost fell for this. We are Filipino and she saw this trend doing it's rounds in social media. She asked me to try it but I didn't know how to set it up and had little budget to spend on games. (Which was a good thing in this case) About 2 years later and I've never touched it since.
Oh my god.
When the official twitter is having to tell its users to stop performing sex crimes, you know you are witnessing exploitation on levels not even imaginable.
Money aside, the saddest part about this game is that the art and animations are genuinely solid, but of course that is tied to bad difficulty balancing, bad audio work, repetitive gameplay, and pay-to-win pvp.
In the hands of a indie dev that valued the experience more, and focused less on money, this game could've been genuinely solid.
yeah the game had genuinely unique artstyle too bad it got wasted on shitty niftee game
yeah could have been a legit card game
It’s ugly and dumb stop capping. For a billion dollar game and you get shitty round objects fighting you say it’s good? xD
would be cool if someone polished it but id rather play dragon city
The biggest problems are down below in the foundations so any good thing that could potentially come from it will never come to be. It shouldn't be too hard to polish it both in the graphics and gameplay to match for example Hearthstone. But then it was meant from the start to be a pyramid scheme disguised as a game.
Perfect description of Ponzi infinity. Good work. Viewers not in the axie economy, don't waste your money...
In my country the Philippines, it got really popular after a local show, showed someone get really rich from it.
It also spawned many dumb flexers that got the attention of BIR (for non Filipinos, it's the IRS version of the Philippines) and began taxing these types of monetization.
by the time it gets that popular, it's already too late to get in and really make a profit
My friend's friend actually got a lot of money from it. The thing is one of their acc got hacked
Kmjs Right??😅
The popularity of this game parallels that of the species axolotl. No one knew they existed, some low iQ individual decided they were literally the best thing to grace earth, sheep flocked, then everyone forgot to care. Who do you feel worse for, the broke investors, or the neglected axolotls in dirty tanks?
Wow that's actually very accurate
Just started watching the vid., But I guess I'm one of those low iq individuals, although some of my scholars would probably disagree. The game is still developing and no we didn't forget to care. Cheers.
@@avandurion do you actually enjoy the game? Or do you just like making money?
@@joedav67 I never made money on it, it all went into schoolars, yeah I do enjoy the game when I play it especially team building it's just like any other tcg card game out there and I'm a fan of those, I also play gods unchained. Pretty much the only 2 crypto games that I find fun.
@@avandurion but if it's like any other game that doesn't use crypto, why play this one? It's clearly pay to win
Don't get me wrong, but to me anything related to crypto is scam. I don't care if it is bitcoin or anything else. None of this is trustable. I rather save money and invest in businesses for the future than to be stupidly greedy and lose all the money for crypto. Good luck to those who are still engaged in that.
bitcoin at least has a legitamate use for buying drugs from the internet lol. that really seems to be the only legitamate use for crypto (using it to buy illegal things) everything else about it is just gambling or a ponzi scheme
If you're more likely than not to get scammed, then it's a scam.
I agree that crypto is used for scams a lot. But trusting in your money or putting in a company is the same thing.
Inflation is more money being pumped into the economy -> government does a poor job.
Sometimes the government can also just freeze all your assets. Or just seize everything.
This happens. Even due to corruption or because you pissed someone off who had some power.
The business you're Investing into can also be a scam and rob you of all your money.
Or just good old phone scammers.
You're not more secure in the "real world". Then the early days of the Internet where every second person was ripped off by a pop-up.
It's just the low barrier of entry and lack of general experience.
It's kinda sad though. The technology has some really good applications. Imagine having a certificate of ownership as an not for a house or something. You could clearly track who owned the house before. Who issued the certificate of ownership and all of that.
But the reputation of crypto is so bad by now that I don't think we will see any innovative usecase anytime soon :|
@@Xmasta420 that's not how that works dude. You can always get scammed especially if you think you're too smart to be scammed.
Don't have crypto brain.
But youre willing to pay taxes to the government. Retarded at finest.
I think I somehow managed to be completely unaware of a massive travesty like this because of how uninterested I have always been in anything crypto.
But damn, this is just plain evil like the title says.
Yep. The first time I watched this I was expecting some clickbait crap... turns out it is straight up exploitation of vulnurable people.
I had forgotten about all those articles puffing this type of "game" up. Shameful
Yup. I almost forgot about it too. It feels like every other day in mid 2021 I would be reading “play to earn is the future of work”
Either those "reporters" were bad in their job or were paid...
I used to joke that the pro Pokemon players had a sweatshop of egg hatchers. Turns out I wasn't too far off
Lol I've spent a ton of time hatching eggs
Just play showdown its way more fun than the games
"Your entry was just somebody else's exit liquidity." And there we have it. Everything you'll ever need to know about crypto!
The fallacy of waiting for crypto game assets to increase in the next 5-10 years is incredible, especially since the standard business practice of these developers is just to move on to a new scheme once the price tanks one way or another. Even in a non crypto online game, if nobody is playing anymore they will just shut down.
16:52 that's not fair. Watching grass grow is way more interesting. At least you're also touching it compared to looking at simulated grass in the game.
I was a student of a very prominent cryptography professor from around 2019 to 2022, and he would routinely go utterly apeshit over stuff like "Crypto kitties". I recall at one point he issued an anonymous poll to the class, where you could input whether you think crypto and NFTs are "The future" or "Just a scam" and became utterly enraged with us when something like 96% of the class said it was just a scam.
During Covid, I was very briefly in a group chat with him and other professors (I don't think this was intentional, my projects were unrelated), and the man was salivating over the money they could make from the pandemic. It completely eroded my respect for some professors and experts I genuinely respected up until that point, and ultimately I chose to leave after my Bachelors was completed.
A friend tried to persuade me to play the game. The moment he explained the manager/scholar and everything, the more it felt like a pyramid scheme for me.
It was clear it was a sham from the start.. People got sucked in cause "easy money" but that money has to come from somewhere..
I didn't invest on axie despite its growing popularity way back. I was uninterested because I don't want my hobby (gaming) to be associated on something as earning money.
But when I saw SLPs significant dropped, I tried searching using its title + the word "scam" and boi oh boi....
I didn't invest in axie. I was scholar and able to play and earn so it's a win for me😂😂😂..
I know many people who had quitted their jobs to go fulltime to Axie, some made a fortune only to lose it after some time due to their greed.
This game took my sanity as I lost so many times and actually left me depressed, Axie should be burned down
I hope it does
Great Video. Your editing keeps getting better. I especially liked the short summary of the games history, or better infamy. Keep up the good work.
Much appreciated! I think I will do more videos in this style in the future, in addition to the usual making fun of trash crypto games.
40% of the playerbase is from a thirdworld english-literate country (Philippines) which has never experienced this type of crypto-game ever.
It really hurts to admit I was someone that lost 2000 dollar on this stupid game
Hope you could stay afloat after the losses
I was almost scammed by this game but I always remember this words "if it's too good to be true then it is too good to be true"
You're like the terrible NFT game version of Josh Strife Hayes! Incredible review, I love watching these vids, especially because you do genuinely give each game a chance and don't just bash it because of the software its connected to. (even if it seems like every game you review squanders that chance XD)
What a great comparison! That's the exact vibe I get minus the british accent and nifty vest
right lmaoo this is amazing
6:07 "It's a normal crypto price cycle. Nothing to worry about."
No matter what happens in your life, take solace in knowing you will never be *this wrong.*
They forgot the part of the cycle where 98% of all projects die lol
That's the pinnacle of crypto denial right there lol
"We are decentralized!" - Majority of nodes aka votes are all on ONE computer/can be accessed or possessed via this ONE computer.
Web 3 reallly is going just great with brains like the people that thought this was a good idea creating the software.
It's even funnier than that. Axie Infinity was experiencing congestion so they temporarily became centralized to fix it but forgot to become completely decentralized again so that's how the hackers were able to steal the money
This is the second one of your videos I've watched. I didn't know that there were know crypto games to support a dedicated channel. As much as I like your content, I find this fact depressing all the same.
Oh my, you’re in for a wild ride then. There are literally THOUSANDS of them, I’ve barely scratched the surface.
Luckily for all of you, I am the one playing them… not you guys.
@@jauwn You spent money to play Crypto and NFT games?
@@jauwnI knew there were a lot-I’ve watched your stuff a bunch since I first discovered this video, after all-but THOUSANDS? Forget general crypto, how much of the world’s e-waste is coming from JUST crypto games?
"All your apes are gone" ... That caught me off guard, and had me rolling. Thank you for the laugh!! ✌🏻🤘🏻
All your apes are gone, and nothing of value was lost. 🔥
Seeing people lose upwards to 35K on an intangible investment, makes me feel a whole lot better on the fact I've spent money on something more tangible, like groceries.
yeah pretty much, I was a scholar of this "game" because my boss fall for it, at first it was fine I only was playing just a couple of hour a day and the paid was nice, I only really liked the adventure mode and only while I needed to complete it but once completed it become a mandatory chore, but over time my boss stared asking more and more and more I and a was play this *garbage* for 9 hour a day all freaking days of the week meanwhile the paid was decreasing every single time... until I finally rage quit...
In hindsight, I should have notice that something was wrong when the incentive to play the game was the money you can make with it rather than the fun you will get with it, with just make it a shitty job...
I honestly can't believe there are people that think playing video games might ever replace work.
Currency is a store of value, a value derived from... doing work. You can't replace work. It's what gives money meaning.
Runescape
Most crypto schemes fall apart immediately if you ask the question "Does anyone want this just for the sake of having it?"
Because no, nobody does. The only utility of the product being made is to hopefully sell it to someone else for more money later. There's no end user. There's no good or service. It's all smoke.
As Ex Axie player, I once thought that I could just hoard enough LSPs to cash out next year in the beginning of the month but after I heard reports that players such as my relatives and my coach were onky gaining a cent, I quickly dropped out knowing none of this is getting any worth anymore
It is pretty funny how for a long time I had no idea what kind of game Axie infinity was because nobody would ever actually talk about the gameplay, every inch of discussion about the game was focused on people either making or losing money on it (usually the former because we can't have any of that FUD amirite?). Turns out it was because the gameplay itself is pathetic and likely to lead you into a vegetative state from neuron decay. Nobody in history has played Axie Infinity because they find it fun, no matter what they try to tell you.
Financial literacy should become a mandatory subject in schools, but good luck getting that to happen when those with influence don't want their future serfs to know how to defend themselves from exploitation.
Lmao "neuron decay" is a new term to me and i love it
Yeah. This thing is so popular on my friend circles and they constantly advertise it as a panacea of poverty.
As soon as they explained it to me the mechanics of the game I quickly conclude that its a pyramid scheme. This game is too good to be true. So many innocent lives are affected in this game that its safe to say that its more evil than EA's antics 😢
I find it both funny and sad that I was first introduced to this... and all related nft/crypto stuff via randomly finding a commission someone got of their axies in the vain of pokemon. With the male pokemon trainer from Sword & Shield in their Gym outfit.
I was actually drawn in because of the creatures and wanted to play it. Getting paid would have just been the cherry on top.
But that said, finding channels like KiraTv told me all I needed to stay FAR far away from them. It's been a couple of years, and THIS video is the most knowledge I've obtained regarding the game.
Thank you for showing me what I missed out, lol! XD
i've known people who have lost thousands of dollars because of this game. even though technically it's their fault for buying into the hype and not doing any risk management, its still sad to see literal people i know lose a lot of money. what happened with axie is a cautionary tale to not always buy into the hype, do a deep dive into whatever investments you're getting yourself into, and please for goodness sake do some risk management before investing any amount of money into something.
You're on quite a journey, playing all these crypto nightmares. I'll be sure to visit you in whatever institution you're committed to after you go insane from playing these 'games'.
Thank you for your work!
This game broke a lot of lives in the philippines.
why do they invest?.... is so stupid, you say that, when the majority never invested anything.
it actually did the opposite, now there is CRYPTO games that have even more philipino players like pixels and others...
if you don't invest, you just get the spread of purchase power foreign investors.
theWOKE fans of this channel will never understand how that save lifes and also helps to the spread of purchase power to the whole world....
but ok. is a waste of time to explain hardcoresocialistSCUM like yall how crypto games are way more fun and revolutionary than you think,
@@lagillas >maximillianimus pfp
>talking about woke
>defending crypto
lmao. definitely a 14 year old
It really did blew up here in the Philippines, I had close friends who invested large amounts of money during its peak, I knew someone who invested 100K PHP when you convert it to USD it doesnt seem that much its like 2K USD more or less, which was crazy to me. I never invested on it because I knew from the very start that it was a pyramid scheme.
i remembered my cousin explaining to me how they generate money from this game, his explanation was "you need to buy from other players and sell to other players" my response was so "u buy money with money?" and after the hype he lost around 80k pesos around $1300
I remember seeing ads for this a long time ago. It's sucks that Philippines is mentioned a lot here, good thing my Mom never discovered it, I can only imagine the arguments we might've had
I lost count how many arguments I had with Axie players pretending to be super rich already, and that they don't need to do any work at all.
Now, they're so silent and probably depressed and IDC, it's their greed and foolishness that has lead them to their demise.
I remember when this trend came in its heyday. Having just gaining some much in debt after the death of a family member, my mother cashed in a quarter of her earnings to this. I repeated refused her pleas to join in. Taking down any possible strategies, she seemed really desperate.
I already had doubts in this game, I knew it was a huge scam. By the end of it, it was hard to watch all that money go.
Im sorry this happen man . That is bs
Literally down to one cent
"Just hold fellas! It's gonna bounce back trust me bro!"
09:00 and if you check that post, you'll see people in the comments still clinging to the idea that crypto gaming will succeed, even thinking the OP's fate is merely a setback
the icing on the cake for me, was youtube ending the video with an add for a company that paints teslas.
I guess when something reeks one should expect musk.
A friend of mine started playing this stuff in a scholarship way back in, like, 2019. I didn't know shit about NFTs and remember being wildly confused about how this shit could generate money since there was not product or service being offered. Then I took a look at the white paper and realised it was a pyramid scheme and I was like "oooohhh, so that's where scammers are going now"
I thought this was going to be about something demonic portrayed in the game, but it's actually evil
I tried to warn my family when it was at it's highest and sadly I couldn't convince all of them.
If you're being paid to do something that produces literally nothing of value, it is a scam.
I was in Axie for about 4 or 5 months as a breeder... in the biggest month I earned 50k in less than 30 days. I was breeding up to 180 axies every 5 days... I then made the mistake of holding one of my last breed waves until the start of the next season... the axies held lost 30-50% of their value! but i liquidated it and was still highly up... I then left it staked in AXS which had some great staking rewards... I was so naïve! I bought in at about $120 per AXS and sold all my AXS (with 100% or so APR) for about 45k total... about 60-$70 each and dove into pegaxy... that was a fun project... XD
My life story lmao.
what an idiot
remember the good old days of video games being made to give experiences and good memories ?
Worse thing is with those looks, the company that made the game would probably gained more money by being a gacha game instead of a crypto game.
1:06 My Filipino In-law tried to see if I can afford (I can't) a pet there and offered to train it for me.
I also remember one of my Sister-IL playing an autoplay game to farm NFT's. Generally, the people in this country are prone to ponzi schemes like crypto, due to the hard living conditions.
I hate how there's fricking NFT Pit-bosses acting all cutesy while quota enslaving random people from 3rd world countries. Man.
Thanks very much for this, it really satisfied my curiosity about this much hyped game. How tedious - just play Slay the Spire and have fun. Thanks for this high quality video.
Ah yes, Slay the Spire, where the cards depict cool and fun stuff instead of even more malformed Fluffy Ponies. Who looks at these nauseating blobs and thinks "ah yes, these sure do live up to the stunning and brave "art" of the fugly apes, I want to play an entire game consisting solely of these neon turds!"?
Ah yes, Sharecropping Simulator 2018.
I am so glad none of my family went to Crypto way back when it started to stir up talk if you were in the right circles.
0:01 is that charles from infiltrating the airship
Is that sans from undertale
Is that Sans from Undertale
Is that Frieza
@@Max-bg7oo no it's troll sans from undertale simulator (the one that was deleted)
I think it's honestly "silly" how people just can't grasp the concept that there is no easy money on this earth, you either put your effort on gambling or you work hard and reap your rewards
>installing launcher
>isn't a approved publisher
>opens Powershell
>mfw
21:20 Maybe there's a reason why something like that doesn't exist in Web2, because there's *_no demand_* for it, a straight farming MMO would get boring fast, that's why it's always a side activity in MMOs. Cryptobros know nothing of gaming.
I naturally hate things that are popular. when axie iinfinity came out in our country, ive been peer pressured countless of times, even one of my boss doesnt think its a pyramid scheme and im just some kind of theory crafting nutjob who watches too many youtube videos. when NFTs are pretty much dead, no one in that group who were playing this is even talking about it at all. like they've gone quiet as NFTs just died. I really want to show this video to their face and be like "AHA!" so badly.
At some point, one of your videos is going to go viral and your channel will blow up. This is pretty high quality work.
I’ve never heard of this debacle before but it’s reminding me of that moment in time where third world people turned to farming in MMOs like WoW and players were targeting or protecting them.
After diving into this rabbit hole, I have to say that your video is the best one on the topic that I watched.
The real technical problem this game had was there was no mechanic where the unlimited token was supposed to make it scarce, also, most of the big guilds in this game were part of that problem by monetizing the game making too many people play the game for them via account piloting aka account sharing was possible due to two types of passwords without compensating the owner, the owner has a private password and the pilots aka axie scholars were given temporary passwords until they wanted to leave. The big guilds were crashing the economy it had by literally drying the system outward where the supply of the thing called SLP was too much that the price went down, the usage of slp back then even today is still used for breeding these monsters. I could say its a very different approach to what people say about it now since it has some different mechanics compared to that other steam game where everything is static, effects wise it has more visual effects than slay the spire. Would be nice if there was another game where you could breed a deck, similar to axie where you also play with 3 creatures. It cost me zero fiat, I got in early when I had the chance to play it for free, since I was an axie scholar. The only regret I had was I never cashed out, but it feels fine since I spent no money in it.
So the unlimited token could literally be printed out of thin air. Can't see how that could go wrong, no sir! At least Bitcoin had a 21 million cap that will take 100 years to mint
if they use their brain just for one second they'll realize, no value can be generated from the thin air, people have to actually work IRL, axie is basically printing money with extra steps
it's funny how everyone said the Economics Explained channel sucks, but that channel help me to understand macroeconomy and invest better
I don't doubt that if Raid: Shadow Legends had come out a few years earlier, it would have done the same thing.
A prayer to those who got scammed by this game.
Scammed? I'm earning 200/300$ every month
@@linkarus46yeah, well. it's your story, of course you would tell us you got rich. 😂
@@armistice_front No, I didn't get rich with axie. It's just a little extra income
@@linkarus46 how are you still earning money in a dead game with a dead economy
@@linkarus46 GET A REAL JOB