GALA Thinks Games Need Their Own Coins

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  • Опубликовано: 30 ноя 2024

Комментарии • 125

  • @OnChainGaming
    @OnChainGaming  Год назад +3

    Much love everyone! Hope you're ready for daily videos!
    💪Join Patreon and gain access to my exclusive weekly portfolio updates: www.patreon.com/onchaingaming
    🤓 Support my new startup Magic Book: www.magicbook.com/sign-up?source=onchaingamingalpha

    • @Bibby904
      @Bibby904 Год назад

      Bring back the original on chain gaming intro

  • @Camtron954
    @Camtron954 Год назад +1

    Shout outs, Jake.
    Love the videos.
    - Cam tron 😎🤘🏾

  • @Erico619
    @Erico619 Год назад +3

    “You either die a hero or live long enough to see yourself become the villain” quote that comes to mind whenever you speak of Gala these days. Lol

  • @ThePerfectTool12
    @ThePerfectTool12 Год назад +3

    I play Gods Unchained pretty often. Its a fun p2e game that I haven't spent a dime on... Yet at least. But I enjoy the gameplay, climbing up the ranks and sometimes earning tokens just from playing alone.

    • @HigherPrime8
      @HigherPrime8 Год назад +3

      Gods Unchained is easily the best crypto game out. Hands down.

    • @ThePerfectTool12
      @ThePerfectTool12 Год назад +1

      @@HigherPrime8 hell yeah! It’s a fun casual game too

    • @thefamilycorleone6903
      @thefamilycorleone6903 Год назад

      Can’t wait until the app is live!

  • @probablyonthemoon
    @probablyonthemoon Год назад +1

    ngl the low-budget backgrounds are awesome

  • @griffinpark
    @griffinpark Год назад +3

    Crazy to hear you have the exact same opinions of Spider Tanks as I do! Glad to see the real OCG, take care man

  • @CryptoRain
    @CryptoRain Год назад +4

    You nailed it on returning the value to the gamer and the first games that really do thst will go huge. Axie did the pretty well, but it is too simple of a game. So far for bigger adoption. LitCraft is allowing all the gamers to get the value and just taking a very small piece of the pie on transaction fees.

  • @CryptoGamingPhilippines
    @CryptoGamingPhilippines Год назад +8

    I think gala needs critics like this to fix problems and balance the ecosystem. Let's see the gala's reaction and action.

    • @HigherPrime8
      @HigherPrime8 Год назад +1

      The problem is they just shit on anyone who says anything bad about them instead of taking the critisism and getting better. This is why ive sold all my gala and will continue to sell whatever comes in from my FN, which is literally nothing at this point. Once those are transferable ill dump that too.

    • @insanecrypto7422
      @insanecrypto7422 Год назад +1

      They are simply lost

  • @CryptoRain
    @CryptoRain Год назад

    Some really good points you bring up. When you describe them as greedy, I would say, shortsighted greediness. If they were smart greedy they would keep just a small bit of the pie and let the users get massive value so their pie could get so big and they likely would make a lot more. But.. that takes confidence and boldness to do, and Gala got spoiled by their timing in the market, and likely will now play it safe, and get beat by Myria or other companies in the long-term.

  • @Feedmann
    @Feedmann Год назад +1

    U are an honest person. Maybe to honest. U are correct about the greedy system. Milking gamers is basically the industry standard. Magic book looks great. U should start your own gaming company and do it the right way.

  • @onchainmedia2k
    @onchainmedia2k Год назад +2

    Utility tokens always die as no one has solved the LP problem.

  • @LibraStark
    @LibraStark Год назад +4

    I love your passion and dedication for block chain games. I also share your vision. I do hope that we are on the path where people can create a gaming economy that rips economic benefits for its players. Time is money!

  • @danny_7620
    @danny_7620 Год назад +1

    rarely watched your content before, this new approach going out on your own wayyyy better

  • @lucrum8
    @lucrum8 Год назад

    Always need people like yourself to have a raw and brutal fact discussion about what is going on. This keeps everyone honest, so thank you for being our voice!

  • @quantumblock8882
    @quantumblock8882 Год назад +1

    Thanks for your opinion man. I 110% agree with you that not every game needs a coin unless it makes sense.

  • @poycangao
    @poycangao Год назад

    Keep doing what you're doing bro!

  • @arranlamb9827
    @arranlamb9827 Год назад

    Appreciate this on chain gaming. Clearly honest and for the people. Keep fighting the good fight. I will be selling my gala

  • @Icetemplar
    @Icetemplar Год назад +3

    Don't get me wrong cause I'm no fan of Gala however I think focusing on the 15% too much may be a tad unfair. If you compare to Stock dividends which I think is the best comparison, dividends tend to range between 2 and 6% (6 being VERY high and very uncommon). And gaming is typically even worse, Blizzard for example only give 0.5% dividends.
    Worth keeping in mind.

    • @jackodell8497
      @jackodell8497 Год назад +1

      Why would you compare it to stock dividends?

    • @Icetemplar
      @Icetemplar Год назад

      @@jackodell8497 I was thinking of the 15% going to token holders (stakers) but if this 15% is actually to do with sales of items it is greedy. I may be misunderstanding the model on second thoughts

  • @ajpope2010
    @ajpope2010 Год назад

    I think money velocity would be a large component to a play to earn game and what we are talikng about here in a healthy ecosystem. Money changing hands within the game ecosystem is going to be huge. One of the largest pressures on said ecosystem is not only players wanting to exchange in game assets for dollars and remove from the system but Gala itself removing their own profits from the game. I dont know what the fix is for that but obviously shrinking that footprint for Gala in particular is a HUGE problem. I think Gala itself should be held to an even stricker standard like the one they made up for us.

  • @flybreath2788
    @flybreath2788 Год назад

    Your right about what Gala has been doing , they are just bleeding the community , I sold all my gala assets once I found out about Illuvium , I like how most of the money generated buy the game goes back to the players that have thier tokens staked with Illuvium.

  • @arranlamb9827
    @arranlamb9827 Год назад

    I don’t believe inflation is necessarily. Keynesian economics was created as a way to excuse central banking.

  • @FermiGBM1
    @FermiGBM1 Год назад

    I think realistically sovereign niche economies with their own token can function well long term in a game, given that it has enough traction and users with a fair amount of entertainment value.
    Also most of the major cryptocurrencies are not properly scaled, and putting all of the game's economic systems onto large cap coins which can have their economics changed over time (For example, a miner nearly got a proposal to increase ETH inflation passed before EIP-1559 was launched), is not necessarily fair to the community members or the developers which put significant time into the game's ecosystem.
    There's definitely some platforms such as casinos that could manage fine with just a bankroll in major cryptos, but for other games with sovereign economies it makes more sense to have a mixture of both imo with proprietary tokens.

  • @AdamR-u1u
    @AdamR-u1u Год назад +16

    This guy has a serious vendetta against Gala now. He went from pumping them to only talking shit about them in every video, ever since they stopped paying him. It's pretty hard to believe anything he says now, either he was lying about gala before because he was bought out, or he is lying now to get revenge.

    • @Intemkt1
      @Intemkt1 Год назад +2

      I think you should be mroe worried about believing the other content creators that gala will start paying, or are they already paying Classy to say nice things?

    • @HigherPrime8
      @HigherPrime8 Год назад

      GALA is a huge scam, i dont blame him for being angry. The only time they get good coverage is if they pay them to say good things.

    • @mythsabraxas303
      @mythsabraxas303 Год назад +1

      He admits that he was paid and couldn't say his true feelings due to money. As the guy said you want to be worried about the paid ones not the ones who are not paid anymore.

    • @matiashofmann6010
      @matiashofmann6010 Год назад +2

      ​@@Intemkt1the fact he couldn't speak freely it doesn't forced him to shill the whole thing ecosystem the way he did.

    • @snoopsdoggsgrandpa241
      @snoopsdoggsgrandpa241 Год назад

      @@Intemkt1 classy is a clown .legit clown

  • @timurgafforov8856
    @timurgafforov8856 Год назад

    Interesting. Never thought of that. That's actually true. You actually gave me a nice idea for my future game. This would be awesome

  • @greendoorinvestments
    @greendoorinvestments Год назад

    I miss the music especially the old outro music don't miss all the film stock cuts. keep it up... I'm still pissed about Gala getting rid of the referrals also.... I had bought a node and a computer for an influencer, things were working out good then they change the rules.... would be nice to go back and talk to ourselves in December 2021 in Vegas and say sell sell sell.... reminds me of back in the day when Charlie said sell and he sold all/most his Litecoin at like 300

  • @catherinegrey8916
    @catherinegrey8916 Год назад

    very well said! We have the same thought ever since they stop the town token, bc of no utility at all and players just keep selling. I guess they've been traumatic. That's what we always try to suggest in gala-suggestion or in gala-gold, but they will all just ignored it and still continue to sell high price and keep telling 'leaks' and 'thoons' that will takes a year to decide eventually, instead of expecting to be use in-game. Oh and btw why they entered crypto if they are against ROIBOI, they should just be like STEAM that focus on GAMES and doesn't involve any tokens at all. #realtalk

  • @carpet3533
    @carpet3533 Год назад +1

    Jake I love you bro, been here since the beginning , but it really just sounds like you’re salty that Gala dropped you from being a sponsor. You can’t just go from being the biggest Gala bull to now calling Gala a money hungry company that doesn’t care about their customers.

  • @leemcglone5358
    @leemcglone5358 Год назад +4

    This guy really has such sour grapes since Gala fired him. Its cringing at this point.
    Like the crazy EX you dumped that keeps showing up at your parties.
    So bad

    • @matiashofmann6010
      @matiashofmann6010 Год назад +2

      Hahahaha he looks like those RUclipsrs who went crazy and ended in a cult or believing they are Jesus

  • @scot_3
    @scot_3 Год назад

    Agree with your take. 1) build a game that tons of people want to play regardless, 2) use Web3 to allow players to own 90%+ of the value. Game will be epic for decades. Having its own token or not, is not the issue.

  • @8BitTendies
    @8BitTendies Год назад

    Even the real world economy is not sustainable. The issue is this is a game of experimentation and everyone has their own opinions on how it should be done.

  • @Solracsczzrsttrz76
    @Solracsczzrsttrz76 Год назад

    Hello. What about high fees

  • @Alocha18
    @Alocha18 Год назад +1

    Trying to fix the game or game economy with a new token will not work. We will soon see that with Grit game when they release the Grit token.

    • @OnChainGaming
      @OnChainGaming  Год назад

      Agreed, I don't think new tokens solve any problems

  • @yazzb83
    @yazzb83 Год назад

    so happy i bought more gala in last dip

  • @Coffewithsteve
    @Coffewithsteve Год назад

    I gave up on gala the sale over price nfts

  • @MrAtluc
    @MrAtluc Год назад

    i think the question is: how t create a stable economy,,,maybe is just a fantasy lets to create and show to everybody, i think is possible

  • @Darnelj1
    @Darnelj1 Год назад

    Any game that returns more $ to gamers is going to be huge. Its all about how the economy is set up. Ppl cant farm out what isnt put in. Its why you need NFTs to earn anything (even if rented or loaned). Ppl went nuts for shitty games like Axie or Crypto Blades. If only they could have balanced the game in economy and entertainment..

  • @Carnage689
    @Carnage689 Год назад +4

    You have a good point.. I regret investing 10k in to spider (never again with a game from gala)

    • @OnChainGaming
      @OnChainGaming  Год назад +1

      Yeah, I spent $10k on a Turtle tank that I never use. Bought mine because I felt hypocritical telling people to buy one without being willing to buy one myself... joys of being sponsored. Never again. Independent forever.

  • @TdaleTWDE
    @TdaleTWDE Год назад +1

    In the walking dead weapons have durability

    • @ronnie_ooi
      @ronnie_ooi Год назад +1

      Its cost only in game items to craft new ones. So it does not cause dead coin to be deflationary. We want deflationary economy.

    • @TdaleTWDE
      @TdaleTWDE Год назад

      @@ronnie_ooi ya i know there not nfts

  • @PampItPapi
    @PampItPapi Год назад +1

    looks like the metaverse has bottomed... lol

  • @RAYVEZE
    @RAYVEZE Год назад

    Well now these are videos worth watching. Soo many have been commenting on and warning about these consistent red flags for so long when it comes to gala. Only to be ignored, banned and or called nasty names by the CEO himself lol.
    There is nothing to lose now for those who get screwed by the word gymnastics of gala games for "why they are changing the game, and it's for the community" rhetoric.
    What would be nice are videos breaking down all the fails and borderline lies that amounted to nothing via a timeline video. Like a road map video, all encompassing, for those who are only living in one corner of the gala games complex web of web3 companies which make you feel like they are going places but are milking every sheep that enters with hopes and dreams that one day THE SAUSAGE WILL BE MADE!

  • @karlyasuo4394
    @karlyasuo4394 Год назад

    This video made me even more bullish with Illuvium

  • @oliverswain5560
    @oliverswain5560 Год назад

    Eric really seemed like a snake to me. There was a live spaces right before the Mirandus vox drop and Eric kept making jokes that they should have jacked up the price even more. Just rubbed me the wrong way. Pretty much realized in that moment what this was all about: cashing out on hype.

  • @riftsummoner
    @riftsummoner Год назад +1

    Stella Fantasy community gets 38% from play to earn and 5% to all staking members including players. 25% to the company and 6% to partners/advisors. Private sales is 12.8% and public sales is 0.4%. Reserved and Liquidity is 5.5%. Ecosystem is 3%. Marketing is 4.3%. Why are you still wasting time about companies that don't even share the same mind set as you. You should be studying and promoting the company that shares the same vision as you for web3 gaming.

    • @vicfabella8572
      @vicfabella8572 Год назад

      I agree. He should be focusing on finding new gaming projects with potential like SF (not saying that Gala does not have that chance anymore)

    • @whatever66252
      @whatever66252 Год назад

      Hi riftsummoner, stop shilling Stella Fantasy like the way you did for Splinterlands. Stella Fantasy is a scam project that just wants to rip off from its early investors.

  • @markuswilliams2944
    @markuswilliams2944 Год назад

    Markus with a k checking in

  • @namelessbadguy
    @namelessbadguy Год назад

    I've talked crap in ST channel about how trash the p2e is. I don't get how they don't comprehend that p2e needs to be profitable to the player, much more than what they offer now. Why TF would I spend 1000s on an ancient tank that would take me 6 months of DAILY play, just to break even. I'd rather pay 60 bucks and have fun on a regular game.

  • @jackodell8497
    @jackodell8497 Год назад

    So much for the NDA

  • @MrAtluc
    @MrAtluc Год назад

    from the beggining i knew that using gala token in the games is the best fot gala token, then they change of mind, and said that they will use gala token in all games, and now again,,,,, of course, i m desapointed, they lied about nodes and how many nodes they are owned,,,,,,,then and i think games like legacy, like independent studios.... they mabe no was agree, for some reason, for the control of the token or something,, sorry bad english....,.,will see, lets to try to make a stable economy, i think doesent exist yet

  • @Intemkt1
    @Intemkt1 Год назад +1

    the gala greed is nothing new for anybody who has been around, we need some competitiors to emerge, we can't only have this greedy company as an option for a web3 gaming platform..

  • @axietrainee7840
    @axietrainee7840 Год назад

    15%?! dufuq?

  • @Bobby-kz9kp
    @Bobby-kz9kp Год назад

    The devs and publisher still needs to make money. 15% is actually a reasonable amount, he isnt saying they get 85% of the tokens to sell for rev. Also he isnt saying all games needs their own tokens, its case by case. Its also a little ironic that you are accusing them of selling bullshit to their users when you made a video to pump a coin to sell or get your liquidity pool successful, than too stubborn to admit it isnt a good look for GALA to have you doing that. Even if that wasnt your intent I still dont know why you couldnt see its a bad look. Also every tech company has made cuts over the last few years

  • @stefanadamo
    @stefanadamo Год назад

    Gala 3$??

  • @honestflippers3152
    @honestflippers3152 Год назад +1

    ❤mirandus

  • @gavinbonner4148
    @gavinbonner4148 Год назад +3

    Hang on a moment, didn’t you think gala games was the best thing since sliced bread until they didn’t want to renew your contract to promote them on your channel ? Now all of a sudden you seem extremely negative towards gala, hmmm 🤔

    • @snoopsdoggsgrandpa241
      @snoopsdoggsgrandpa241 Год назад

      I think alot of people felt this way untill we realized we were robbed . So gala can fund music and film before figuring out how to make a good game with our money's

    • @jphoughton1
      @jphoughton1 Год назад

      Pay attention to what he’s saying. At least he’s able to give unbiased reviews now.

    • @Bibby904
      @Bibby904 Год назад

      Gala robbed me. And I don't blame @onchain

    • @snoopsdoggsgrandpa241
      @snoopsdoggsgrandpa241 Год назад +1

      @@Bibby904 facts gala robbed everyone

  • @Sebastian20745
    @Sebastian20745 Год назад

    Another video 🎉

  • @jonatannilsen1129
    @jonatannilsen1129 Год назад +4

    finally a bit honesty when ur not sponsored

  • @matadorelchapo5933
    @matadorelchapo5933 Год назад +2

    Yes absolutely right

  • @SozioTheRogue
    @SozioTheRogue Год назад

    Broooo I hate crypto games so much, most of them look like shitty mobile game or waaay too good to be true, but I like your voice and content. I want to make a fighting game that mixes sci-fi and Fantasy with players who win grand battle royals (1000 players) earn 500 bucks per match. I would be the owner of the company so I could just allow players to stream their matches, make servers themselves, etc. Basically think about how fortnite and their Vbucks work but let you resell shit you buy, earn money from winning grand royals, as well as jobs in the game, complete players assassins, thefts, sell rare skills, etc. Plan is to make 2 characters, a few powers, and their martial arts moves, but eventually make a full on mmo or at least, a game like what fortnite used to be but I'd really want it to become an mmo. My imagination is crazy af. Plays would be able to become Gods, so there will come a point where someone can become strong enough to become the greatest fighter in the universe. It would scale from grand royals to world royals, then universal tournaments. If you wanna know more I'll be glad to elaborate. My inspiration for it are absolver, dark souls, and a bit of fortnite lol oh, and tekkan. K bye stranger, be safe out there. Bitches be bonkers

  • @elorasolomon4550
    @elorasolomon4550 Год назад

    First time you made and honest post. Good that gala stopped to sponsor you. I like your honest and real content, gala is a huge scam, Bitbender is a scammer. Simple.

  • @Reality_Uk
    @Reality_Uk Год назад

    From friend to foe lol…… It’s just a shame that when you was being sponsored you couldn’t share ur honest opinion about Gala, or even before. Looks bad that now ur not being sponsored you seem to be putting out negative/honest content about Gala. Your intentions are questionable.
    Hopefully Gala continue to progress and find new ways to improve game economy, decentralisation and more.

  • @matiashofmann6010
    @matiashofmann6010 Год назад

    You deleted my comment 😂. G R I F T E R

  • @t3r083
    @t3r083 Год назад +3

    I’ve been watching your channel from the beginning. In the last couple months you totally lost my viewership.

    • @HigherPrime8
      @HigherPrime8 Год назад

      Aww did he hurt your feelings on gala.

    • @matiashofmann6010
      @matiashofmann6010 Год назад +2

      ​@@HigherPrime8I'm in the same spot as him. you have to be truly slow to think is for gala trash. This guy mislead people for money so bombastically. Then they fire him and tries to sell this "now I can talk". But sponsorship is not to talk Marvels about something. He did it willingly because he has or had a lot of gala as well. now he ask for charity to the people he misled for his own benefit. He doesn't look like a bad guy but he's just digging his own grave with this charade

    • @t3r083
      @t3r083 Год назад +1

      @@HigherPrime8 has nothing to do with Gala. It’s about watching the person react and respond to the changing markets and environment. Sure he started a trending top picks YT channel and got lucky early on with Tesla and the crypto bull run. But his overly emotional personality paired with the bear market is bringing out another side of him which speaks to the kind of investor he is. For me, his opinions are loosing weight drastically.

    • @snoopsdoggsgrandpa241
      @snoopsdoggsgrandpa241 Год назад

      @@t3r083 oh brother you have no idea how bad gala has scammed its community. i personally think people who were not around for town star have no idea how greedy and pieces of shit gala is they robbed everyone in town star.

    • @snoopsdoggsgrandpa241
      @snoopsdoggsgrandpa241 Год назад

      people still defend gala after they sold a 15000$ town star game node that had 0 utility. sold over priced nfts with the idea you would earn just to turn the earnings off. honestly im surprised there never was a class action law suit against gala from town star

  • @tchantchong
    @tchantchong Год назад

    Hi! I love your videos and your excitement.
    However, it looks like you live in a dream where developers work for free and infrastructure is also free; it sounds very naive.
    How do you expect the company to run with only 15% of profits?
    The real problem is that "investors", or "gamers", expect to have 100% return over investments in a very short time, like 1 week or 1 month. I am sorry but 100% ROI usually takes years!
    A 10% annual yield, which is pretty high, takes more than 7 years to return the investment.
    The numbers also need to make sense for the company, else it won't be able to pay salaries and infra.

  • @insanecrypto7422
    @insanecrypto7422 Год назад

    Gala is turning into Dogecoin. Doge awaits Elons tweet to rise. Gala awaits Jason's tweet and some Celeb photo "The Rock" to rise. Right now Gala isn't a layer 2 or something , so what's the point of having Gala token when every game has its own token? Gala isn't used as gasfees. Node operators sell the gala they earn to make profit. Horrible tokenomic!! simply Gala is a useless token. Am thinking to ditch my Gala.

  • @an513_
    @an513_ Год назад

    Please remove the subtitles
    Other than that I realy like to watch your videos and agree with the majority of your opinions...
    I think that Spider Tanks is still not a sustainable economy, the honor may be good to help prevent multi-accout and maybe bots (?) but I don't like the increasing amount of bots and I think tier 2 tanks are almost as good as tier 1 which means that the tier 1 tanks probably lost value and same should continue to happen if theres not a big diference when next tiers are made
    Ir regards to Mirandus I agree that the economy should be easier to sustain

    • @OnChainGaming
      @OnChainGaming  Год назад +1

      I agree, don't like the constant subtitles. Will only use them on the Twitter versions going forward.

  • @TheSparkoi
    @TheSparkoi Год назад

    you are right !

  • @jennifermaughan666
    @jennifermaughan666 Год назад

    Karma

  • @handsup8791
    @handsup8791 Год назад

    Spot on.... greedyness at play here...

  • @ansarallahi
    @ansarallahi Год назад

    I think your take is valid, but, if you keep casting doubt whilst galas following is so shit right now you are going to affect my ROI.

    • @OnChainGaming
      @OnChainGaming  Год назад +1

      haha sorry, but don't worry. What I say won't affect your long term ROI. That will depend entirely on if Gala is a security or commodity, whether Gala has the runway to make it thru the bear market, and whether they start put gamers first instead of greed. All these are TBD.

    • @mythsabraxas303
      @mythsabraxas303 Год назад

      your roi is already 0, not being mean but these guys do not know what they are doing.

  • @christophershaw5900
    @christophershaw5900 Год назад +1

    I’m so glad I stopped buying into Gala.

  • @megam0n941
    @megam0n941 Год назад

    Gala's excessive greed shined like a sun even before the bear put his dirty paws on the market.

  • @goodgoods664
    @goodgoods664 Год назад

    Fiat token.

  • @amimamimo
    @amimamimo Год назад

    finally u come to ur senses jake after you get cut by them. mirandus is extremely terrible. it will never succeed. mark my word

    • @an513_
      @an513_ Год назад

      I disagree, I think is the most promissing game from Gala and even if the last playtest is still not a good game, I truly believe that it is going in a good direction and the ideas are realy good but it make take a few months or maybe a couple of years to became a fun game to play

    • @an513_
      @an513_ Год назад

      Sorry for bad english

  • @christophertomas177
    @christophertomas177 Год назад

    Gala is doomed

  • @cryptob888
    @cryptob888 Год назад

    Im heartened that OnChainGaming is finally challenging Gala games and other projects. I remained subscribed but stopped watching after experiencing and seeing so many Web 3 gaming economies crash. I want to like Gala games, but the more I discover about the tokenomics sours me on their ethics. I also (unfortunately) invested in Gala Music and Film and Im seeing the same disturbing trend of over pricing their NFTs. On this side topic, I dont foresee any true widescale adoption of their music or movie ecosystems unless they make it almost transparent for new users to join Web3. For example, many people will just join Spotify and pay their monthly fee, but they would have reservations about having to go to a third party site to create a wallet, then create a Gala music account, then link that account, then have to find a fiat funding source through yet another third party brokerage, etc. Its exhausting even for a crypto expert yet alone, thinking millions of people will go through this just to stream music when its far easier to install and start using an app like Spotify, just my 2 cents....