Between your professionalism, asking of the right questions and his ability to explain all these processes so well... such a well done and interesting interview perhaps even if you don't play the game.
I don’t even play RS and this interview was incredible. I’ve always been fascinated on how people find ways to make money on any game. The revenue RuneScape gold sellers generates really baffled me while also making me look at this type of business in a different light. Amazing work Crumb! Take my sub!
On just about any platform with “exclusive usernames” for example Xbox, where no 2 people can have the same name, the Usernames are sold for extreme amounts based on rarity. I currently own multiple $100+ gamertags, and have owned some that are worth thousands now.
Super impressed by this entire thing. To start, your professionalism was refreshing & told me right away this would be quality content. You asked all the right questions and articulated the issues here expertly so that people who don’t even play the game understands the situation here. Captivating watch. Thank you!
When I was kid I started with 1 rune skimmer and 1 iron skimmer put them in a note. And in one week I had 10m. Sold 1m at school for new shoes for skateboarding. I’m 29 now and only remember this game because of getting those shoes.
You know when it's a legit conversation with a site owner when you hear the different emotions in his voice with some of the awnsers. Good video crumb 👌
Absolutely love what you do. While I no longer play the game or consider myself part of the community, you and Settled are the only two I still consistently watch. Keep up the good work my guy
OSRS has never been the same for me after I bought my first 500m. Item drops didn't feel rewarding anymore, picking up alchs worth 50k felt kinda pointless. I originally bought it to get raiding gear and it was fun for a while but it ultimately drove me away from playing. I sold it all off after a while and made a hcim, was the one thing that got me back in to the game.
That's generally what cheating does to any game. Remember playing dying light online. Some dude dropped some item and I picked it up and it shot my survivor rank to max level. I had to actually stop playing because I no longer had a "fear" of just running around at night. The game lost all fun and didn't even know it was a cheat before it happened.
I have to say, this was probably the most interesting video you've ever put out! Fantastic job with the interview, you asked every single question I had, and unlike most interviewers you actually let him answer in full - great job!
Super insightful! So interesting to see how profitable this black market can be for the right people. It's pretty insane to me to think that this guy has been able to thrive so much off of GP in a digital game. Only time will tell with the additional changes they make, but I can't see RWT going anywhere for some time, just shifting from its current state.
ye, ionly boguht old schrool runescape gold once, was 2 years ago, i regreit it now (havent got anything banned or sometrhing like that), but the game is less enjoyable when you buy gold. but when i did it, i went to a big site where private persons sell gold, isntead of websites doing it, which is better for privat persons!
RuneScape is an underrated very intelligent community. The in game economy is one of the best I've seen and due to that rwt will always be a thing. If jagex stops it completely the game will suffer drastically.
I'm iron now so my gold buying days are over but Bogla has always been the best experience. I'm thinking that's the company he was talking about when he mentioned the low margins.
I mean this man has learned more about business than any college student ever has. It is always a learning process and he is better off even though his job will begin to cease.
To be honest, and I can confirm as his dad, he stopped school at 18, because they couldn't learn him what he wanted to know about life and business. So God damn proud of his achievements
Its wild how advanced this dudes business acumen is. I mean honestly if this guys website gets shut down he would do fine just doing amazon re selling or any other similar web platform flipping model
I don’t see osrs surviving without rwt tbh, I don’t care what you say no one in their mid 20’s early 30’s who are obviously the majority of players that play the game are going to spend 10 years grinding to acquire upgrades in gear and or skilling, they also have jobs and other things to do. Everyone is going to get sick of bonds being so expensive and eventually just quit the game. Let’s be honest a teenager nowadays will never play osrs bc there are millions of other games more suitable or just funner to play with more modern everything
Great interview! The questions were right on and he was pretty open about his answers too. Hats off to the owner for being smart and investing his money elsewhere as well.
I still find myself watching runescape related videos 6 years after I quit. I started playing 18 years ago, so this game has been part of my life for more than half of it.
Honestly, me too. I guess that’s why people do it. The opportunity is there to make a substantial amount of money irl. If somebody was like “You can have $5M but the catch is…You can never play RuneScape again” it would take me less than a second to make my decision.
I’d be interested to understand more about his cost structure. Im astounded that he’s operating at a 17% margin whilst using agents in less fortunate countries
You have to factor in the buying price of gold. If we take the example they used of $100 sale to a player, having to buy the gold for $80 is only a $20 margin. It might not be exactly accurate and will fluctuate, but there's an equilibrium where bulk sellers would be better off doing it themselves(like he even mentioned with hiring people). Add in the costs of wages and other overhead, a 17% margin is actually really good. In the US, that's a very healthy profit margin to work with
If you dig into the company info for many gold sellers they're established as a limited partnership based in Scotland. This subsidiary is joint owned by two companies usually based in Delaware or Wisconsin - states which are ideal for shell companies. I won't go into the legal and accounting side of this, but it's a classic tax avoidance front. I highly doubt the majority of them pay correct taxes with company structures like that.
Bro this video hit differently when you started playing guild wars 1 original themes, my childhood just come back and my hairs raised on the back of my neck, you just did this out of no where
I don't think runescape would end without RWT, it would adapt. The economy would crash and stabilize with most things being MUCH cheaper, so that playing normally actually gives enough GP to buy high end stuff. Things would change a lot and there might be some growing pains, but I think in the end things would be better for legit players.
All Jagex has to do to put a significant dent in RWT is slash the prices on bonds. We all know the primary concern of Jagex with RWT is that THEY are not the ones making money from it. Concerns about the RS economy are tertiary.
This would have the reverse effect. It would drive down the price of unofficial sellers, requiring them to bot more to maintain their profits. You'd reduce their margins but not significantly enough to benefit Jagex or the playerbase.
I like how he brought up the fact that people start raging if they don't get a very quick delivery. I understand why they get so angry so fast. There are so many damn scammers out there that people are paranoid. Until they have established trust with one of these gold selling websites, they're going to be paranoid and they're going to be extremely impatient.
No, they are raging after the delivery already went through because they're insanely addicted to staking just like any other gambler and want to keep doing it because they are feeling physical withdrawal.
I like how RuneScape is getting told off by the government yet the child casino website (aka Roblox) is still running strong. Basically the same issue over there as here, RWT, ramped gambling, and millions of complaints from parents, yet they can push it under the rug saying “oh we’re a kids game there’s no gambling here :)” same issue different mask. They also use the same excuse RuneScape does of “oh we can’t regulate that our users are the ones who make the content” which is a lie otherwise they would be an adult website by this point.
What are you talking about, I haven’t payed a child $10 worth of robux to make something and made 10x that through manipulation and scamming with said thing. For legal reasons that’s a joke
@@l0lan00b3 it’s not the issue that their consenting adults it’s that in most countries there are rules and regulations for gambling but a lot of these games are grey zoning or even bypassing them all together.
In RS3, bonds are pretty expensive but that is because Jagex is adding new things to use bonds for. Event related, membership (like premiere club membership is always time when bonds skyrocket) then ofc all the MTX stuff like cosmetics and treasure hunter. Sometimes charity related things have bonds tied to them, you can unlock certain things by using 1-3 bonds and Jagex claims that the profits are going to the charity. Bonds right now in RS3 are +42mil
@@mattbowdler6048 technically true but in both games people do make money at different speeds and usage of wealth is very different. Random example. In OSRS you can get 800k fire runes for about 4mil. 5gp each on GE. RS3 40mil will get you about 266k fire runes because the fire is higher there.
Can I just point out this man stole money from his mother at 22-23 years old. I thought he was like 12 but then he said 6 months later to make his first 1k and then he got scammed at 23 years old for everything.
I made it the end. Very fascinating to hear about the payment processor issues as someone who is familiar with disputes from the banking side. I don't agree that the game will totally die if you kill RWT. I think that prices for items will go way up which may incentivize players who suddenly have boosted bank values to play more in the legitimate fashion. He has a vested interest in maintaining the status quo, which includes his advice not to get into the industry. However, he seemed fairly genuine and it's great that he came forward.
TBH i didn't realize that there were legal companies doing this i thought it was all black market sites. that was an interesting thing to hear, at the end of the day i play ironman and i don't really care how the market is going or the direction of rwt im just here to have fun and i can't blame anyone who needs to do this for a living
Well it's a gray market for sure. That's why they struggle with payment services. The government *might* not care as long as you pay taxes and aren't breaking laws, but literally every other person and company will frown upon you
Just started playing osrs and I'm in fucking love. The nostalgia alone. I'm level 40, doing the noob quests. I'm still f2p. Ive forgot the whole game. Its new until I get to place xyz and then my memory comes back to me😂. I'm 30 today. I stop playing runescape around when a sara god sword was 40 mil. I'm looking for someone who played back in the day too. I had a real life friend who had a good friend on runescape. He stole a party hat from him. Green I believe. He told him he just wanted to take a screen shot in it. They were friends for more than a year or 2.. When he got the phat he logged and blocked him. The player who stole the party hats name was Korn Dog 4. I lost sleep over this. I felt so bad for the guy. He probably cried real tears. I tried to get the phat in my possession so I could give it back to him. It didnt work. Me and korn dog were always around the same level. Until the phat. He sold that phat, bought a cheaper one, and still had 200+ mil to put into his character. He bought 20k+ law runes multiple times and got 94 magic.
I just started playing again a month or 2 again on and off ! The memories I have of my bank being cleaned out by someone I trusted will forever haunt me xD
@@tvm2209 comments 2 years old. Of course I’m near maxed now😉 Every skill in the 90s except agility and runecrafting. 99 cooking, fishing, fletching, mining, some others I can’t remember. Still a noob, I’m just a high level noob now. I don’t even have a fire cape😂🙏
As someone who does buy gold just to skip major grinds to get to the fun part, they are removing gold. I had 800m gold removed from my main and receieved a message in the message center about rwt buying. They did not remove the items I bought and made untradeable
You took 3 videos worth of topics, literally could have been 3 episodes and gave us it in 1 this is why i love you more than collonelo! Off topic; When can we get a crumb model holding a microphone with a derby?
Here is the issue, RWT will NEVER go away, someone will always sell as jagex removing the duel arena will only benefit the smart sellers as if they wait, then as supply drops, price rises, and they will just find new ways anyway
Being a broker definitely sounds like the way to go with this type of business, but you obviously need a large reputation to be able to supply the gold when the demand comes up if you don’t sit on gold yourself. But yeah this way nobody feels like they’re getting scammed when, in reality, they probably are LOL you sell the gold for the price you want while buying it for the cheapest price elsewhere. Interesting interview.
@@lolmouf The broker is just a live chat on a website. They connect the seller to the buyer who then trade each other in-game. They take the buyer's money, take a percent of it & then give the rest to the seller. That's how I understand the broker part, but he also held gold himself at some point.
@@lolmouf the broker only trades real cash.. they never do anything in game so they are untouchable as far as bans go. He is a middle an between someone who wants to sell gold and someone who wants to buy it, similar to how real stocks work.
Hey crumb what's up man, I commented on your last video about gambling..and I can say I'm a gambling addict and have been since 12 years old. I'm almost 30 now. I started playing RuneScape in 2005, I can honestly say RuneScape made me the way I am today and I still am one today. I've lost everything. Millions of $ over the 18 years. Friends, family..everything. I wouldn't mind do a interview about it with you. I feel like it would help me come clean and help with my addiction it's a insane battle. I can prove it's me via live messenger or anything you would like. Just let me know man. Much love brother.
I finished the video, clicked back to home to watch my next video. I realized I am a jerk and came back just to like the video. Thank you Crumb for all your hard work! I also LOVE my resin Vorkath! - Infernal Bow
Great video man, I don’t play regularly anymore but the RWT aspect as well as the in game economy are honestly super interesting so I really appreciate this content. Amazing interview Cheers
Holy shit amazing interview. Thanks to whoever did this interview btw. This was fascinating. Amazing he does this all from his computer. All employees from 3rd world countries. what a G
At this point I think he's actually doing very little. Almost all of the day to day will be delegated, so he can focus on other things. He built it up so that it can run mostly on its own
Well, I can tell you, at this point, I saw it at close range as his dad. He worked th clock around literally 24/7, to achieve what he wanted. But even now, and yes, he implemented some automation, but still needs to keep track on the business. The time he spends out of his business is learning, focusing on new projects and yes, the gym. He didn't get it for free or overnight... He worked God damn hard for it and as he mentioned, he suffered major losses what broke him at some point, but he crawled up, refocusing on the recovery. It was not all glitter and "Gold" 😉
Fun fact: the dead content duel arena has already been removed from RS3, and while the OSRS one has just been nerfed, it seems like it’s on the way out, too. So him saying it’s the “beginning of the end” seems fairly on point.
Oldschool has prepared for this for years, that is why iron man modes were introduced so they could get estimation of actual players. Also osrs team really wants to bring runescape back to it's golden age, so what removal of duel arena will cause is the revival of PVP, no more gold farming bots, etc. The benefits are so huge that it is most likely going to be revival of runescape.
I wouldn't even be slightly surprised if some of the Jagex employees ran, or had their hands in some gold selling businesses and that would certainly explain why they have not completely eradicated it or take strange moves as far as to banning RWTraders
So he makes a mill off 17% so half would be 8.5% and 500k profit so he saying at 6% it’s not worth it??? My dude that’s still like 350-400k profit and that’s just from running a website I don’t think he realizes that he won’t make anywhere near 300k Pluse unless your a doctor! I would do it until it’s less than 100k a year.. sounds like he’s just used to a certain lifestyle that he doesn’t wanna give up. If I was making a mill a year from 2018 he should have himself in a position where he doesn’t have to work again..
He also mentioned running 2 other legitimate businesses. from a business perspective and all that oversight for the lower margins he may see his time better spent in his other endeavors
@@nathang59 no they make 16-17 mill after they pay everything including his employees he’s left with 1.1 m you factor in your employee cost into the overhead
If Jagex would make the price of bonds at least "some-what" closer to the blackmarket price they could make a ton of money and deal a huge blow to any rwt stuff in one motion.
History repeats itself. Rewind the clock back to 2007 and jagex is having similar issues with real world trading causing the company issues. The specific circumstances were slightly different but the the cause of the problems was the same.
The main reason mains buy gold is because Jagex took too long to remove gambling, they've been cleaned over and over and over, why on earth would they want to rebuild all that gold again and again ingame? This is what makes most top level players quit as well, RS don't care about the vets a lot of the time which is sad. If you disagree where's the 07 15 year vet cape at?
I was looking at a world of warcraft fan site trying to buy game time and stumbled into a botting section and was amazed how unsophisticated world of Warcraft bots are, these RuneScape bots you've covered are much more advanced! Most of the WoW bots would just use your abilities for you in combat, like revolution in rs3, some would fish and some would farm materials but that was about it! Most of the discussion was about how to circumvent the "Warden" anticheat system
He's saying it's no longer worth starting, but the people he calls early birds are the ones who started in mid 2000s and would have said the same things he's saying now in 2009.
i made it to the end, just letting u know also i quit runescape like 9months ago? mostly cuz im purely f2p and but my own bonds, and 4years × 5mil/2weeks i just quit, but 4m/bond is still expensive... so im not gonna come back, ill come back if bonds are under 2 mil, i mean this game is a waste of time, RWT was a thing even earlier than 2017, if it take jagex 5years+ to fix 1 problem theres no point in playing, i suggest reading books, i used to play 10hrs osrs/day, now i read books like 6hrs a day, its fking crazy, and honestly , i suggest everyone to quit , even if for just a week
This is one thing that Eve Online did really well, they sell items that can be exchanged from real world into game money, but not the other way around.
love you guys
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
Love you Crumb
Love you most!
You are not joking. Timestamps ARE totally worth the thumbs up.
love you too Papi
Between your professionalism, asking of the right questions and his ability to explain all these processes so well... such a well done and interesting interview perhaps even if you don't play the game.
i have never played rn or osrs and i have watched all of these videos lol love em
a big asterisk is also not being judgmental of his choices, answers, asking questions ect.
I’ve only played f2p osrs but I still love watching videos on this kinda stuff with RuneScape
I haven’t played runescape In like 15 years and I find this super interesting.
You're right big nog
I don’t even play RS and this interview was incredible. I’ve always been fascinated on how people find ways to make money on any game. The revenue RuneScape gold sellers generates really baffled me while also making me look at this type of business in a different light. Amazing work Crumb! Take my sub!
On just about any platform with “exclusive usernames” for example Xbox, where no 2 people can have the same name, the Usernames are sold for extreme amounts based on rarity.
I currently own multiple $100+ gamertags, and have owned some that are worth thousands now.
@@hoyaV1 that market is way more scummy tho
@@brosisjk3993 Yeah but with any online trade you should have credible middle-men.
@@hoyaV1 nah im talking about black mail, extortion, swats etc on people who wont give up their usernames and shit
@@brosisjk3993 I feel, the whole xbox community is toxic asf
I'd buy myself a Lambo Genie as well
@@Baboner984 I think he's Belgian
*padum tss tss*
He said "Lamb or Genie"
Buy a hair cut
don't give the rs3 team any ideas
Super impressed by this entire thing. To start, your professionalism was refreshing & told me right away this would be quality content. You asked all the right questions and articulated the issues here expertly so that people who don’t even play the game understands the situation here. Captivating watch. Thank you!
When I was kid I started with 1 rune skimmer and 1 iron skimmer put them in a note. And in one week I had 10m. Sold 1m at school for new shoes for skateboarding. I’m 29 now and only remember this game because of getting those shoes.
Early bird lol
I remember that very well 😂 I used to do it with rune long swords, it was really hard to spot the difference 😂
You know when it's a legit conversation with a site owner when you hear the different emotions in his voice with some of the awnsers.
Good video crumb 👌
Absolutely love what you do. While I no longer play the game or consider myself part of the community, you and Settled are the only two I still consistently watch. Keep up the good work my guy
Much appreciated!
Same!
I'm glad the gold site owner had foresight to diversify. He sounds like a legit dude to have a beer with.
OSRS has never been the same for me after I bought my first 500m. Item drops didn't feel rewarding anymore, picking up alchs worth 50k felt kinda pointless. I originally bought it to get raiding gear and it was fun for a while but it ultimately drove me away from playing. I sold it all off after a while and made a hcim, was the one thing that got me back in to the game.
Duh lol.
That's generally what cheating does to any game. Remember playing dying light online. Some dude dropped some item and I picked it up and it shot my survivor rank to max level. I had to actually stop playing because I no longer had a "fear" of just running around at night. The game lost all fun and didn't even know it was a cheat before it happened.
thats why we have ironman modes.
@@kunigas12 life saver haha
Yeah probably why i quit to.. gold is pretty cheap.. i could easy buy max xp in each skill just for fun but not worth it
I’m glad this guy is living well I respect the hustle
I have to say, this was probably the most interesting video you've ever put out! Fantastic job with the interview, you asked every single question I had, and unlike most interviewers you actually let him answer in full - great job!
Super insightful! So interesting to see how profitable this black market can be for the right people. It's pretty insane to me to think that this guy has been able to thrive so much off of GP in a digital game. Only time will tell with the additional changes they make, but I can't see RWT going anywhere for some time, just shifting from its current state.
ye, ionly boguht old schrool runescape gold once, was 2 years ago, i regreit it now (havent got anything banned or sometrhing like that), but the game is less enjoyable when you buy gold. but when i did it, i went to a big site where private persons sell gold, isntead of websites doing it, which is better for privat persons!
The dual arena went underground already. They working with middle man
@@gardmyhr6121 what's a good site to a black markets?
RuneScape is an underrated very intelligent community. The in game economy is one of the best I've seen and due to that rwt will always be a thing. If jagex stops it completely the game will suffer drastically.
@@shoban yes.
I'm iron now so my gold buying days are over but Bogla has always been the best experience. I'm thinking that's the company he was talking about when he mentioned the low margins.
I mean this man has learned more about business than any college student ever has. It is always a learning process and he is better off even though his job will begin to cease.
as a business major i agree
To be honest, and I can confirm as his dad, he stopped school at 18, because they couldn't learn him what he wanted to know about life and business. So God damn proud of his achievements
Who else watched all 38 minutes and 34 seconds and was blown away by this information?
Its wild how advanced this dudes business acumen is. I mean honestly if this guys website gets shut down he would do fine just doing amazon re selling or any other similar web platform flipping model
I don’t see osrs surviving without rwt tbh, I don’t care what you say no one in their mid 20’s early 30’s who are obviously the majority of players that play the game are going to spend 10 years grinding to acquire upgrades in gear and or skilling, they also have jobs and other things to do. Everyone is going to get sick of bonds being so expensive and eventually just quit the game. Let’s be honest a teenager nowadays will never play osrs bc there are millions of other games more suitable or just funner to play with more modern everything
He sounds like a good guy. Just a smart entrepreneur. Definitely don't see being a broker as a bad guy
Incredibly interesting interview. It’s incredible the big gold sites all talk and are friendly. I figured there would be fierce competition
That was fascinating, fair play to the interviewee, he's obviously a good business man and one can only respect that
The interviewee is my son, and I'm God damn proud of his achievements. Yes, he is a very good business man and has a good heart.
Great interview! The questions were right on and he was pretty open about his answers too. Hats off to the owner for being smart and investing his money elsewhere as well.
Perfect questions, perfect guest. I love hearing about unorthodox income streams.
I still find myself watching runescape related videos 6 years after I quit. I started playing 18 years ago, so this game has been part of my life for more than half of it.
Love the game but if I could make 1 mil ruining it I would. That's just life changing money. I do that for like 4 years I could be set for life.
I agree with you and that's why we can't have nice things lol
Honestly, me too. I guess that’s why people do it. The opportunity is there to make a substantial amount of money irl. If somebody was like “You can have $5M but the catch is…You can never play RuneScape again” it would take me less than a second to make my decision.
Yea, I'll take 1 million dollars for a ban in a video game 😂Not even a hesitant decision
Buddy, just educate yourself and make something actually valuable, what is that sad mindset.
“Bitcoin is untraceable” was a big LOL
For someone who has never played, watched nor have any interest in playing or watching RuneScape, I find these videos wildly entertaining! Easy sub.
I’d be interested to understand more about his cost structure. Im astounded that he’s operating at a 17% margin whilst using agents in less fortunate countries
Obtaining the gold is a major expense
In the video he says he has 3 cars and 2 houses. The margins are not that tight lmao
@@DagothBob he said he has 3 companies
@@onchill371 Three "companies"
You have to factor in the buying price of gold. If we take the example they used of $100 sale to a player, having to buy the gold for $80 is only a $20 margin. It might not be exactly accurate and will fluctuate, but there's an equilibrium where bulk sellers would be better off doing it themselves(like he even mentioned with hiring people). Add in the costs of wages and other overhead, a 17% margin is actually really good. In the US, that's a very healthy profit margin to work with
This was truly fascinating. I haven't played RuneScape in 15 years and I can't believe this is a thing
If you dig into the company info for many gold sellers they're established as a limited partnership based in Scotland. This subsidiary is joint owned by two companies usually based in Delaware or Wisconsin - states which are ideal for shell companies.
I won't go into the legal and accounting side of this, but it's a classic tax avoidance front. I highly doubt the majority of them pay correct taxes with company structures like that.
why Scotland?
also curious why scotland
correct taxes is $0
Bro this video hit differently when you started playing guild wars 1 original themes, my childhood just come back and my hairs raised on the back of my neck, you just did this out of no where
I don't think runescape would end without RWT, it would adapt. The economy would crash and stabilize with most things being MUCH cheaper, so that playing normally actually gives enough GP to buy high end stuff. Things would change a lot and there might be some growing pains, but I think in the end things would be better for legit players.
They would have to also remove the accounts and gold from accounts too. Which is unlikely to happen.
You’re right Crumb, timestamps ALONE. God speed to 100K!
All Jagex has to do to put a significant dent in RWT is slash the prices on bonds. We all know the primary concern of Jagex with RWT is that THEY are not the ones making money from it. Concerns about the RS economy are tertiary.
This would have the reverse effect. It would drive down the price of unofficial sellers, requiring them to bot more to maintain their profits. You'd reduce their margins but not significantly enough to benefit Jagex or the playerbase.
The problem with that is that the price of bonds in game would go down too until you get the same ratio of $:GP as before if Jagex cut the price.
you could tell the amount of work and effort put into this, such a great video!
I like how he brought up the fact that people start raging if they don't get a very quick delivery. I understand why they get so angry so fast. There are so many damn scammers out there that people are paranoid. Until they have established trust with one of these gold selling websites, they're going to be paranoid and they're going to be extremely impatient.
No, they are raging after the delivery already went through because they're insanely addicted to staking just like any other gambler and want to keep doing it because they are feeling physical withdrawal.
I like how RuneScape is getting told off by the government yet the child casino website (aka Roblox) is still running strong. Basically the same issue over there as here, RWT, ramped gambling, and millions of complaints from parents, yet they can push it under the rug saying “oh we’re a kids game there’s no gambling here :)” same issue different mask. They also use the same excuse RuneScape does of “oh we can’t regulate that our users are the ones who make the content” which is a lie otherwise they would be an adult website by this point.
Roblox you mean the Child slave labor
What are you talking about, I haven’t payed a child $10 worth of robux to make something and made 10x that through manipulation and scamming with said thing.
For legal reasons that’s a joke
i stopped playing roblox, they're a very predatory company, im almost sure over half of what people make goes to them
I would bet 99% of rs/os players are over 18. Which is a consenting adult in most countries.
@@l0lan00b3 it’s not the issue that their consenting adults it’s that in most countries there are rules and regulations for gambling but a lot of these games are grey zoning or even bypassing them all together.
i know the owner of r2pleasent hes not happy with this as most know hes shut his site down and ran with the profits to avoid loosing what hes made
This is your best video yet by far. Both the questions and the interviewee are just great.
So thats sick man...what a world behind all those RWTs thanks for the upload 👌
In RS3, bonds are pretty expensive but that is because Jagex is adding new things to use bonds for. Event related, membership (like premiere club membership is always time when bonds skyrocket)
then ofc all the MTX stuff like cosmetics and treasure hunter. Sometimes charity related things have bonds tied to them, you can unlock certain things by using 1-3 bonds and Jagex claims that the profits are going to the charity. Bonds right now in RS3 are +42mil
That's similar to the OSRS price taking into account the exchange rate isn't it
@@mattbowdler6048 technically true but in both games people do make money at different speeds and usage of wealth is very different.
Random example. In OSRS you can get 800k fire runes for about 4mil. 5gp each on GE.
RS3 40mil will get you about 266k fire runes because the fire is higher there.
Your interviewing technique is so good, very easy and informative to follow!
I started with 35m and ended up with 10B within 3 days at the sand casino. Eventually I sold it all for $5500
very lucky
Can I just point out this man stole money from his mother at 22-23 years old. I thought he was like 12 but then he said 6 months later to make his first 1k and then he got scammed at 23 years old for everything.
I made it the end. Very fascinating to hear about the payment processor issues as someone who is familiar with disputes from the banking side. I don't agree that the game will totally die if you kill RWT. I think that prices for items will go way up which may incentivize players who suddenly have boosted bank values to play more in the legitimate fashion. He has a vested interest in maintaining the status quo, which includes his advice not to get into the industry. However, he seemed fairly genuine and it's great that he came forward.
TBH i didn't realize that there were legal companies doing this i thought it was all black market sites. that was an interesting thing to hear, at the end of the day i play ironman and i don't really care how the market is going or the direction of rwt im just here to have fun and i can't blame anyone who needs to do this for a living
Well it's a gray market for sure. That's why they struggle with payment services. The government *might* not care as long as you pay taxes and aren't breaking laws, but literally every other person and company will frown upon you
Just started playing osrs and I'm in fucking love. The nostalgia alone. I'm level 40, doing the noob quests. I'm still f2p. Ive forgot the whole game. Its new until I get to place xyz and then my memory comes back to me😂. I'm 30 today. I stop playing runescape around when a sara god sword was 40 mil.
I'm looking for someone who played back in the day too. I had a real life friend who had a good friend on runescape. He stole a party hat from him. Green I believe. He told him he just wanted to take a screen shot in it. They were friends for more than a year or 2.. When he got the phat he logged and blocked him. The player who stole the party hats name was Korn Dog 4. I lost sleep over this. I felt so bad for the guy. He probably cried real tears. I tried to get the phat in my possession so I could give it back to him. It didnt work. Me and korn dog were always around the same level. Until the phat. He sold that phat, bought a cheaper one, and still had 200+ mil to put into his character. He bought 20k+ law runes multiple times and got 94 magic.
I just started playing again a month or 2 again on and off ! The memories I have of my bank being cleaned out by someone I trusted will forever haunt me xD
Sit noob
@@tvm2209 this comments 2 years old sweetheart. I’m maxed now😉 you need 10m , I can help you out if you’d like
@@tvm2209 comments 2 years old. Of course I’m near maxed now😉 Every skill in the 90s except agility and runecrafting. 99 cooking, fishing, fletching, mining, some others I can’t remember. Still a noob, I’m just a high level noob now. I don’t even have a fire cape😂🙏
@@troyrussell177 You can easily get a fire cape. It's the infernal cape that you have to worry about 😂 But congrats dude
at first i thought it was 1.1 million gold a year and i was trying to figure out what was so impressive about that
Same.
As someone who does buy gold just to skip major grinds to get to the fun part, they are removing gold. I had 800m gold removed from my main and receieved a message in the message center about rwt buying. They did not remove the items I bought and made untradeable
the untradeable items like crystal and bowfa or something ?
You shouldn’t be buying over 200m at a time to be honest
You took 3 videos worth of topics, literally could have been 3 episodes and gave us it in 1 this is why i love you more than collonelo!
Off topic; When can we get a crumb model holding a microphone with a derby?
Glad you enjoyed it! That'd be a wild model lmfao
Here is the issue, RWT will NEVER go away, someone will always sell as jagex removing the duel arena will only benefit the smart sellers as if they wait, then as supply drops, price rises, and they will just find new ways anyway
What other ways?
As a long time RWT'er there's a lot more issues with just trading over risk and profit.
Dang almost 100k subs now! Way to go! Keep up the great work, it's much appreciated!
this was fascinating ... thank you! and thank you to your guest for sharing!
No, thank you Daniel
omg I LOVE how you used a Guild Wars 1 OST in this vid at 32:20 , very good stuff
Incredible video man. Great analysis, clear commentary, professional production. All-around killed it. Keep it up
Not sure why i got recommended this video but holy hell it was interesting. Things I never imagined people to hustle people are hustling.
Being a broker definitely sounds like the way to go with this type of business, but you obviously need a large reputation to be able to supply the gold when the demand comes up if you don’t sit on gold yourself.
But yeah this way nobody feels like they’re getting scammed when, in reality, they probably are LOL you sell the gold for the price you want while buying it for the cheapest price elsewhere. Interesting interview.
i dont really understand how the broker works. That gold still has to come from somewhere. The broker can get banned correct?
@@lolmouf The broker is just a live chat on a website. They connect the seller to the buyer who then trade each other in-game. They take the buyer's money, take a percent of it & then give the rest to the seller. That's how I understand the broker part, but he also held gold himself at some point.
@@lolmouf the broker only trades real cash.. they never do anything in game so they are untouchable as far as bans go. He is a middle an between someone who wants to sell gold and someone who wants to buy it, similar to how real stocks work.
ngl I am impressed by the guy, he is educated and has long term companies as his income. Glad he made it in life via a videogame
Hey crumb what's up man, I commented on your last video about gambling..and I can say I'm a gambling addict and have been since 12 years old. I'm almost 30 now. I started playing RuneScape in 2005, I can honestly say RuneScape made me the way I am today and I still am one today. I've lost everything. Millions of $ over the 18 years. Friends, family..everything. I wouldn't mind do a interview about it with you. I feel like it would help me come clean and help with my addiction it's a insane battle. I can prove it's me via live messenger or anything you would like. Just let me know man. Much love brother.
Sit
@@tvm2209?
Double sit
Do this crumb
I swear, this interview is the best one yet. You ever thought about pursuing a career in investigative journalism?
I finished the video, clicked back to home to watch my next video. I realized I am a jerk and came back just to like the video. Thank you Crumb for all your hard work! I also LOVE my resin Vorkath! - Infernal Bow
Much appreciated man!!
true lol
A good friend of mine used to make 5k a month back when he was 16 in WoW.
It’s amazing to me that RuneScape is still going strong
Really well done thanks Crumbs for such an informative interview
Love when I'm watching this video and the ad comes on telling me I'm wasting my time not gold farming on osrs.
Great video man, I don’t play regularly anymore but the RWT aspect as well as the in game economy are honestly super interesting so I really appreciate this content. Amazing interview
Cheers
I don't think there's any other content creator quite as thorough as you. Really good insights =)
Made it all the way to the end. Such a captivating interview. Tremendous work man, seriously
Same was super well done
RWT and etc are all new to me, but this is crazy fascinating , thanks so much for creating it / interviewing .... just amazing stuff here !
Holy shit amazing interview. Thanks to whoever did this interview btw. This was fascinating. Amazing he does this all from his computer. All employees from 3rd world countries. what a G
At this point I think he's actually doing very little. Almost all of the day to day will be delegated, so he can focus on other things. He built it up so that it can run mostly on its own
Well, I can tell you, at this point, I saw it at close range as his dad. He worked th clock around literally 24/7, to achieve what he wanted. But even now, and yes, he implemented some automation, but still needs to keep track on the business. The time he spends out of his business is learning, focusing on new projects and yes, the gym. He didn't get it for free or overnight... He worked God damn hard for it and as he mentioned, he suffered major losses what broke him at some point, but he crawled up, refocusing on the recovery. It was not all glitter and "Gold" 😉
Made it to the end, it’s crazy how much this dude has made
Fun fact: the dead content duel arena has already been removed from RS3, and while the OSRS one has just been nerfed, it seems like it’s on the way out, too. So him saying it’s the “beginning of the end” seems fairly on point.
Oldschool has prepared for this for years, that is why iron man modes were introduced so they could get estimation of actual players. Also osrs team really wants to bring runescape back to it's golden age, so what removal of duel arena will cause is the revival of PVP, no more gold farming bots, etc. The benefits are so huge that it is most likely going to be revival of runescape.
@@suomipoika1796 Revival of pvp is unfortunaly never going to happen, and certainly not from removing duel arena.
@@aphoxx8685 You will be surprised how much effect of removing duel arena will have for the PVP community.
@@Baboner984 Oliski, miljoona tulot vuodessa kelpaisi.
The only problem is is that the bots have become a fundamental part of the economy. Economy will turn upsidedown once bot farms are gone.
You're easily my favorite story teller on youtube
I wouldn't even be slightly surprised if some of the Jagex employees ran, or had their hands in some gold selling businesses and that would certainly explain why they have not completely eradicated it or take strange moves as far as to banning RWTraders
All OSRS needs to do is drop the bond price and keep up RWT bans. If they do that all the gold sellers are out of business
Ah, public chat turned on at Wintertodt. A man of class I see. 😂
Dangerous practice lmfao
@@Crumb why you don't do wintertod solo?
@@peckop1793
Solo is only good if you're an iron man.
Listened to the whole thing while playing OSRS. Felt like listening to a podcast. Great content man.
Absolutely fascinating interview. This topic has always interested me. Great vid :D
I love that FF 12 background music
RuneScape the original meta verse
Exactly this
What a nice guy tbh. He was more than happy to talk and that was cool. You made some great points that ive never thought of.
My man did not just pronounce Lamborghini like “Lamborgenie”
So? Who cares?? Potato patato
I know that the voice was altered to keep him annonymous, but most of it sounds like hes about to burst in tears. great interview regardless.
Wasn't altered at all just European accent I think you're hearing
So he makes a mill off 17% so half would be 8.5% and 500k profit so he saying at 6% it’s not worth it??? My dude that’s still like 350-400k profit and that’s just from running a website I don’t think he realizes that he won’t make anywhere near 300k Pluse unless your a doctor! I would do it until it’s less than 100k a year.. sounds like he’s just used to a certain lifestyle that he doesn’t wanna give up. If I was making a mill a year from 2018 he should have himself in a position where he doesn’t have to work again..
The 1mill will pay his employees aswell he said he has 15
He also mentioned running 2 other legitimate businesses. from a business perspective and all that oversight for the lower margins he may see his time better spent in his other endeavors
@@nathang59 no they make 16-17 mill after they pay everything including his employees he’s left with 1.1 m you factor in your employee cost into the overhead
I wish know economics and business like you guys. I guess that’s why I’m struggling.
Bro... I watched every second of this. I wish it didn't end. Well done brother!
Dude I kinda like this guy. Like survival instinct kicked in and he found a way to survive, and then do well
If Jagex would make the price of bonds at least "some-what" closer to the blackmarket price they could make a ton of money and deal a huge blow to any rwt stuff in one motion.
I dont understand why they dont just do this, its a problem already, and they can literally control the prices lol
ngl this video has just made me want to buy gold
History repeats itself. Rewind the clock back to 2007 and jagex is having similar issues with real world trading causing the company issues. The specific circumstances were slightly different but the the cause of the problems was the same.
Well, everyone is adults now. So they should just stop worrying and let it happen
Oh my god this is gonna be lit. Amazing to have such a long video
Happy grinding big man!
@@Crumb you’re the MVP
Great inverview, Crumb. Glad to see you thriving and putting out quality content. :)
flexing on the rwt'r with the firecape
the real scam is the blue guy is my alt, just did it over discord voice no clue what his character would look like
The main reason mains buy gold is because Jagex took too long to remove gambling, they've been cleaned over and over and over, why on earth would they want to rebuild all that gold again and again ingame? This is what makes most top level players quit as well, RS don't care about the vets a lot of the time which is sad. If you disagree where's the 07 15 year vet cape at?
I was looking at a world of warcraft fan site trying to buy game time and stumbled into a botting section and was amazed how unsophisticated world of Warcraft bots are, these RuneScape bots you've covered are much more advanced!
Most of the WoW bots would just use your abilities for you in combat, like revolution in rs3, some would fish and some would farm materials but that was about it!
Most of the discussion was about how to circumvent the "Warden" anticheat system
He's saying it's no longer worth starting, but the people he calls early birds are the ones who started in mid 2000s and would have said the same things he's saying now in 2009.
This is what I've been waiting for.
i made it to the end, just letting u know
also i quit runescape like 9months ago? mostly cuz im purely f2p and but my own bonds, and 4years × 5mil/2weeks i just quit, but 4m/bond is still expensive... so im not gonna come back, ill come back if bonds are under 2 mil, i mean this game is a waste of time, RWT was a thing even earlier than 2017, if it take jagex 5years+ to fix 1 problem theres no point in playing, i suggest reading books, i used to play 10hrs osrs/day, now i read books like 6hrs a day, its fking crazy, and honestly , i suggest everyone to quit , even if for just a week
Very cool interview. Thanks for this.
This is one thing that Eve Online did really well, they sell items that can be exchanged from real world into game money, but not the other way around.