Yo this upper epsilon guy is wrong. Earth two is going to rebound to the moon! My holdings dipped 99.9% and I'm 250k in the hole. My landlord is evicting me and my wife left, but I'm holding on! Arya Realty is a Guru! I love his no necked way of speaking. To the moon!
@@SanctorumDivinity Well, there might be a point when people will give you money, if you take their tiles, so you may be able to free yourself from the shame of beeing involved in E2... ;-)
So the "value" of plots in Earth 2 is like the value of land in New York City: artificially higher than what anyone will actually pay for it just to scam vulnerable buyers (see Louis Rossmann).
The NYC bubble can burst... can... if it is allowed too. Lets just say that there are people who won't allow that to happen. They rather see blight [aka empty houses and buildings] then lower prices.
One other thing to note. If the sellers are listing these tiles at 10% the default initial purchase price, in a setup like this, it should be a pretty good sign that they probably didn’t actually pay cash for those tiles originally. They were likely comped in some way. Such as for giving the game exposure (I think we all understand the “Realty” I’m talking about here). The paid off pigeons are fleeing, leaving only the morons to invested to give up.
That's not true. Anyone could have easily paid full price for tiles months ago completely unaware of the direction of the game and are now shitting their pants trying to get any percentage of their investment back since 10% is infinitely more than 0%. It's the smartest thing to do in that situation because the faster you can sell, the more you will walk away with as time goes on. Regardless of how anyone obtained tiles, full price or not, aggressive undercutting is the best thing to do to and that is what you are seeing.
@@thekilla1234 but how much were the tiles at full price months ago? Surely it has been cheaper to buy from secondary market than listing price for a while. (Veve investor only)
@@thekilla1234 Well, actually I believe some people still can make a profit, if they started with lower than 1$/tile. But is there anyone that naive to buy tiles now, when everyone is trying to sell and run away?
@@goodfractalspoker7179 If I remember correct, Arya said (and then you need to believe he's not lying) even USA tiles used to be just a few cents when the """project""" started.
Most belongings are not matter for taxation. So you can put your money there and not pay taxes on it. + the American tax office is chronically underfunded and wouldn't even bother to look into complicated stuff like this. That's why people bother with this stuff. It's a bunch of guys that want to get rich off the tax evasion from even richer people.
I blame Bitcoin. Everyone wants to be the earliest adopter of the next big thing so they can cash out a few years down the line, make millions and retire.
This whole thing always screamed out as being something that was setup with the purpose of laundering money and ripping off those daft enough to think that the promise of the virtual has actual longterm value.
The idea was to "sell" a bunch of people something that never existed based entirely on viral marketing and the insinuation they could get rich. They knew what they were selling had absolutely no value other than what someone else might be willing to pay for it. To make sure even that slim chance didn't cost them anything, anyone lucky enough to find someone to buy their valueless land image stored on someone else's computer found it almost impossible to cash out. Once there are no more "customers" putting money into the system they will pull the plug and walk away with everyone else's money.
Here's what's going to happen: How much do you want to bet that once this goes south completely, the whole "project" fails then shuts down, those absolute idiots are going to try and blame it on the youtubers who have been making videos exposing this scam trying to claim that the "negative comments and exposure" of the game drove people away from the project and caused it to fail? Just watch ;D
That's because for some reason, people do not want to admit that they could be wrong or make mistakes. That doing so makes them look weak or stupid. In actuality, being so shows that one is not perfect and could stand to better oneself and have a learning experience. Why that is seen as bad is beyond me.
@@crapshot321 it’s harder to convince people that they been fooled. And this decade has been high on that “young independent entrepreneurs”tm thing, ranging from jake Paul’s Financial movement to NFTs to whatever the hell Earth 2 is.
@@FrostySnow1000 I agree that it is harder to do so. I just don't believe (in my opinion only) that it is impossible. Hard as it is to believe even in this case, peoples minds are not set in stone.
So this is like a pyramid scheme some or some bad crypto con people pump and they leave it if they're smart they don't put a lot of money in it but they're not getting it back.
100% gonna be a rug pull. Maybe some people will get out with their money but once earth 2 goes under and there is 0 liquidity, the buyers of the fake overpriced land will be left with nothing, while the devs will take away everything that they were given.
pretty sure the people behind this have already made bank and are just waiting for the 'market' to implode, so they can walk away with a valid excuse and claim the 'game' just failed. They sold this as an early alpha game, meaning legally they're not required to produce an actual product because their 'investors' knew this was a possibility when they threw their money away. which is really why this 'game' needs to be exposed... somebody found a legal way to pull a pyramid scheme and WILL walk away with millions...
I'm betting the 'third party' organization that Earth 2 uses to do the processing of all the sales/money transfers, will conveniently disappear first. That way Shane can say 'Not my fault' as he pulls the plug on the Earth 2 server. And the hidden cash cow? Imagine how much that third party organization could get on the dark web for the full list of names and bank details of all the Earth 2 -land- pixel owners.
It's basic supply and demand. Over time everyone is going to get geared and the supply way outweighs the demand. If there's no other way to get materials and crafted items out of the economy, then supply will increase, prices will continue to decline and while it's great for new players, old players aren going to make the fat stacks they did before and they'll most likely just sit on their gold stack like the lazy dragons they are.
This is true in every market. There's The Price(tm), and then there's the Real Price(tm), which is what you get when you NEED to sell NOW, and can't afford to wait to get The Price(tm). The less liquid the market, the more pronounced this difference is, ex, real estate. A 90% difference between the paper price and market price means it's a completely dysfunctional market.
Imagine trying to explain to your spouse that you're bankrupt because you 'invested' your entire savings on 'property' that only exists in a video game.
Earth 2 should be announcing their Trainwreck and Natural Disaster DLC any time now. ... and just remember to keep looking for gems... more gems increases the size and carnage of your trainwreck.
Well as I said if (or when) the Great Reset happens ownership of physical property willbe illegal, so I can see why people are looking for virtual ownership like NFTs. But I still don't trust Earth2.
Great job on the liquidity aspect of this “game”. The liquidity is zero to none when compared to the equity market, and you have to be lucky for someone to see you specifically and want to buy YOUR land! Sucks for people who bought in due to FOMO and will be stuck holding the bag
It's obvious that the 'kid' threatening that E2 is going to sue RUclipsrs and the Reality dude are way more involved in this than we think/ letting on.
So i felt a bit bad today. Cough is killing me but i still had to go to work, my winter depression is kicking in, and the horrendously ugly weather isn't helping. Then i saw another Earth 2 video, and was subsequently reminded that all things considered, no matter how bad i feel today, i will never be one of the suckers that still hold onto this scam. Thanks, you made my day this much better.
And if you’re really feeling down, atleast you didn’t invest in BOTH earth 2 and the Mars one (like earth 2 but buying land on Mars in order to “claim” it irl)
Sure, though technically you can afford a lot with Unity if you segment the world well enough and reduce the hand made detail. They could have probably bought a license to google earth point cloud data and called it cloud based content delivery optimisation or some such.
Too many holes to count: -If someone buys the land of my house in earth 2, can I sue them? If you claim it’s real land, I should be able to. -1:1 how? There are secret baes and privacy regulations. Will they enter my house? Will they go to places too dangerous for humans to be? Even google can’t do a proper 1:1. -Those fake resources have value how exactly? Supply and demand are broken here.
@@E1nsty I did have a blender plugin to convert google/apple/etc map into mesh (can't be bothered to find it atm, but if someone knows... thanks in adv :3), the plugin already had feature to add road & "building" on top of that. BUT putting @Jappards concern into mind & also reducing manual work as much as possible, it would be better to make it all nature. Geo height data + tree/foliage/rock/etc generation + ground color based on climate + river & ocean lvl. (if the game was as advertised) People will be clearing forest & building things anyway, don't see the point in making more than handful of tree, rock, etc prefab. Not sure if there's a free map with all man made earth work reversed;; maybe there's one people worked on for research purpose you could license? dunno, cbf looking for it :P
My neighbour started harping on about this game months ago. I told him it had to be a scam but he didn't wanna hear it. Months later and he now can't get hold of his money. He also now sees it as bullshit. Being correct is a beautiful thing.
@@thunberbolttwo3953 Crypto Currency has made a lot of people rich though. And unlike NFT's like Earth 2, it actually has a function and purpose. Not a safe investment, but FAR FAR FAR safer than Earth 2 is.
@@pagatryx5451 Thats not saying much. Since the only thing giving crypto value. Is peoples blind faith in it. In the end crypto is just as worthless as this scam.
They are creating an entertainment metaverse. It's not the entertainment metaverse they wanted or intended but it's what they've got. At what point do we become bullies for laughing at these clowns and making fun of them all day (most of the day. Sometimes. Definitely today though)
This is actually different than the stock market. Even if you had no a way to sell your stocks to another peer, if that stock paid dividends, then you still get money out of it. A stock's theoretical value is the total amount of all future dividends, discounted to the present day (to adjust for the time value of money). But that's theoretical. We can never know the actual dividends a stock will ever pay. Hence, the risk. But at least it's an investment because it has the potential to create a stream of income. Earth 2 tiles are not an investment since there is no evidence that it can create a stream of income and it's not believed the technology could create any stream of income.
Even just looking at the market itself, it's night and day with no comparison. A stock market is highly diverse, comprised of many companies in many industries, large and small, with many buyers and sellers, large and small, a very high volume of transactions, and a level of regulation and transparency that Earth2 will never match. Also, as you state, a stock will pay you dividends, while E2 properties do not; any money paid out currently is an unsustainable ponzi scheme, because E2 has no product, no service, no customers, and no income; no value is created, and thus no income is generated.
@@Marinealver correct. But the true underlying value is ultimately derived from its ability to generate dividends or the assumption that dividends will be paid at some point. If a company announced that it would never ever pay dividends on a stock no matter what, the value of that stock would instantaneously drop to zero.
I actually had a chance to invest in them pretty soon after announcement. Once I learned that one of the developers used to work for LJN's Nintendo department I ran as fast as I could. (and yes this is a true story)
So it's like commodities speculation. If the contract is nearing its end date and you haven't sold yet, you'll sell to whoever's trying to buy it, because you don't want to be stuck with the actual product. Like the way someone got stuck with oil they couldn't use and paid people to take it from him, causing the price of oil to be negative for a while. These people don't want to be stuck with fake money when the company vanishes, so they're selling to whoever's still buying, at a 90% loss or more.
the problem is human psychology. they know they have been scammed, but your mind tricks itself into thinking it can't be real and things will turn around. combine that with the fear of societal shame, ridicule and financial collapse, and you get the reason why people who have fallen into scams refuse to accept they have been scammed. some think they're too smart to get scammed (spoiler alert: if you think like this, you are the perfect target for a con artist). others have gone so far deep they don't see a way out except keep crawling down the rabbit hole. take Nigerian letter scams for example. everyone knows it's a scam and yet the scam still exists. you can't imagine anyone would fall for it, but a few people still do. those people will never admit to have been victims of this scam, as admitting this would be like putting on a huge dunce hat to anyone they know. so they just keep on pumping money into the scam hoping it will pay off in the end. it's basic gambling addiction mentality.
I just want to point this tiny(maybe insignificant) thing out. Due to growing accessibility of electronics(pc's/consoles) in upcoming 1st world areas(recently out of 3rd) there is an equally growing number of people who are likely not used to the technology or are unaware of the dangers of online scams like the rest of the existing 1st world have been aware of for some time now. Now this isn't exclusively about these places this could also include ignorant and extremely impressionable young people as well who are looking for their chance at becoming very rich in the easiest ways possible.
Gold is no more inherently valuable than electronic money, either. All forms of currency have always had value only because everyone agrees on it, whether it's physical or digital. Shame we eventually found out gold was actually an excellent conductor of electricity, thousands of years after its value was inflated because it looks pretty. Still, nothing has inherent value, even gold. Everything is only worth what you can get another person to pay for it.
I ought to confess, stories like this one makes me feel less stupid. This is the type of thing that just sets red flags in my head since the first minute, yet so many people fell for it.
So let me get this straight. People read/saw Ready Player One and completely ignored the dystopian, real-world suffering depicted in that media in lieu of digital frills? I fear there is no saving mankind at this point...
And even without the dystopian nature of it, just the games itself are badly designed. No real change in rules between game modes, pay to win items that can literally kill an entire planets worth and everyone has a single life where upon death they lose years of wealth and loot. No one who really thinks about that world wants it.
What's really funny to me is, I believe I was recommended this video because of the thumbnail and video title due to the fact that I mostly watch tons of space and science videos, and I deal with a lot of flat-earthers, mostly through the FE debunking channels. The sane ones that make fun of, correct and call out flerfs on their BS. Here's where it gets funny to me. The way you described the major investors sticking to their guns and continuing to promote their ultimately worthless wild success reminds me precisely of how the flerfs continue to promote their nonsense even though most of them know they're wrong. To directly quote one anti-science flat-earther as he projected his own lack of morals onto the debunking community: "After being proven wrong ANYONE would continue to lie to protect their income" -Jeranism Great vid here. I'll be sharing it with some of the crew. Cheers.
Imagine genuinely bragging about owning pixels that the developer(s) can at any point in time just delete, and not even being able to get 10% back if you are actually able to sell it. What kind of shit do you have to smoke to be able to do that? Because I want it.
I guess they have taxes so even if the marketplace would flourish they'd make some money, but the funny thing is, they make even more money like this. People pay $60 for a tile, can't sell it or sell it for very low, that money now belongs to "the bank", the E2 company or whatever their legal entity is. Fascinating that people put so much money and trust into this, especially with you and other youtubers dire warnings about it. Thanks for covering it!
no one ever mentions that the map they are using is just a place holder and people are buying based off of those real world locations and how popular it is in real life.
I figured it was coming up, but it's sad that it went so long. The real shame is how many people got scammed and how much the scammer made. But, that's life.
Would be interested to see what UEG has to say about the Eve Spectrum issues going on. I’m a early adopter myself and have been watching everything going on in their own forums and such. Would love to work with UE to learn how they lied, how they’ve DRAMATICALLY failed, and provide sources he can view himself
Undercutting happens so much.... In Elder Scrolls Online people do this... undercut other Guild Trader listings to just sell which drags down the price of items that were once high price.
The thing that really gets me about this is that you can go out and download a map of literally anywhere and color it in, put stickers on it, whatever the fuck, completely for free...its pretty funny actually that these people didn't have the brain power to even consider that simple reality and how it competes with the alleged scarcity of their digital commodity. But, what do I know. I only do this finance stuff almost every single waking day of my life and sometimes for fun.
I would not be surprised if the company will be like "alright let's wrap this all up boys" and shuts down the whole thing once people stop spending money on it. And with it any chance for "players" to cash out.
I feel like putting all of these Earth 2 videos from all the tubers that covered it and Aryas vids, in one place to be able to view it all in its entirety. Great content. Thanks.
With digital items their value is purely speculative, but for example with stuff like NFTs, skins for games (mainly csgo, dota...) there is a massive population willing to pay large sums for those. the price is not set by some alg that just tells you some price. with those items the market place is fully driven by the people that buy them and has true demand. Thats why people are willing to pay massive amounts of money for the rarest 1 of 1 items (we are talking tens of thousands of dollars).
Here is a recipe: 1. Buy a land for 1x 2. Sell to yourself (appear like sale is to somebody else) for 10x 3. Sell to somebody else (for real now) for 5x. You've made 5x - taxes. Buyer thinks he/she have made a great bargain purchase (2x cheaper than previous price). Any stats of a price growth is basically manipulated, and synthetically appears as growing market. Riches become richer. Also great for cleaning up dirty coins.
6:40 -> The problem mainly is divident. If you hold a company long enough, at the end you will get something at least. Maybe a couple cents on the dollar, but still. In a metaverse like this you get nothing, so nobody buys the junk.
The sad thing about this is that some people actually fall for this scam, because they're too lazy to do some research before throwing money at something.
These people also forget that when you get the influx of new money coming into your account it is considered income and subject to taxes, just like a trade or crypto sell off. So you bought expensive tiles, sold at a loss, and what you got you owe to the gov a chunk.
I find it fascinating how ppl even came to conclusion that they could get money out of this. I mean wtf. "Hey look ima gonna sell you land in a gameworld im gonna maybee perhaps at some time create. You cant do anything with it but its price will rise, im sure!"
I heard people are doing pump n dumps aswell where they are buying n selling the same tiles amongst a group in order to drive the prices of the properties up then selling them at a discounted price in order to get back some of the money they invested.
Don't know much about the Earth2 economy but only way to save it would be that each tile generates money. But ofcourse it should be ingame money and very little. And company will cover that money from trade fees. It would keep people thinking that their posession of land is generating something but would be actually taken away with fees for balance.
To me, it doesn't matter WHERE you buy the land, its the quantity you want and the applications in which you want to use it for later IF they actually make it utilitarian or customizable in any way. (Unless you are trying to go for augmented reality advertising or some other augmented reality application that deals with being in the location you purchased directly.)
The fact anyone thought that a copy of google maps with tiles is somehow worth investing in makes me believe they deserved having their money swindled. They have to learn the hard lesson and it is expensive.
The problem isn’t undercutting in New World, that’s basic cause and effect economics. The sole problem is too much supply not enough demand (which you did state)
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Surfshark is even worse than Earth 2!
@@pcfreak2010-fankanal Agreed.
Absolutely not, can’t wait until your deal with them is over
Is this your last time talking about earth 2 😂
Heck yeah! Dropping that gold standard plug. Glad you know the difference between money and currency.
Yo this upper epsilon guy is wrong. Earth two is going to rebound to the moon! My holdings dipped 99.9% and I'm 250k in the hole. My landlord is evicting me and my wife left, but I'm holding on! Arya Realty is a Guru! I love his no necked way of speaking. To the moon!
Had me in the first half not gonna lie
LMFAO!
Can't go lower than a 100 at least,so worst case it never goes up right?😂
@@SanctorumDivinity Well, there might be a point when people will give you money, if you take their tiles, so you may be able to free yourself from the shame of beeing involved in E2... ;-)
@@foscogrubb what everyone's going to end up with is Earth 2 Jazz Hands instead
So the "value" of plots in Earth 2 is like the value of land in New York City: artificially higher than what anyone will actually pay for it just to scam vulnerable buyers (see Louis Rossmann).
I had this thought too! Just watched his NYC apt tour sq footage scam
@Don’t worry Chill Whilst I agree, they're both garbage.
And don't forget, it's not by chance, it's by design of those who control the land for whatever reason. *hint hint*
The NYC bubble can burst... can... if it is allowed too. Lets just say that there are people who won't allow that to happen. They rather see blight [aka empty houses and buildings] then lower prices.
"Wow so you're saying the plots in Earth 2 are just as valuable as real land in famous New York city?" -The Dev
Happy to hear from Earth 2 again I was beginning to miss it.
Lolol
😂
I was getting withdrawal symptoms
Lmao oof
And I miss the dancing crab extro......
wonder how dreamworld and day of dragons are doing
probably still checking out the latest asset packs to buy
One other thing to note. If the sellers are listing these tiles at 10% the default initial purchase price, in a setup like this, it should be a pretty good sign that they probably didn’t actually pay cash for those tiles originally. They were likely comped in some way. Such as for giving the game exposure (I think we all understand the “Realty” I’m talking about here). The paid off pigeons are fleeing, leaving only the morons to invested to give up.
That's not true. Anyone could have easily paid full price for tiles months ago completely unaware of the direction of the game and are now shitting their pants trying to get any percentage of their investment back since 10% is infinitely more than 0%. It's the smartest thing to do in that situation because the faster you can sell, the more you will walk away with as time goes on. Regardless of how anyone obtained tiles, full price or not, aggressive undercutting is the best thing to do to and that is what you are seeing.
@@thekilla1234 but how much were the tiles at full price months ago? Surely it has been cheaper to buy from secondary market than listing price for a while. (Veve investor only)
The early adopter suckers would have paid full price, basically putting all their money right into the pocket of the Earth 2 devs.
@@thekilla1234 Well, actually I believe some people still can make a profit, if they started with lower than 1$/tile. But is there anyone that naive to buy tiles now, when everyone is trying to sell and run away?
@@goodfractalspoker7179 If I remember correct, Arya said (and then you need to believe he's not lying) even USA tiles used to be just a few cents when the """project""" started.
The 2020s will be the era of Bagholders. From crypto, to games, to NFTs. Just a huge exchange of wealth.
The countless shitcoins? Maybe, not Bitcoin though.
@@1111Tactical bitcoin deletes itself. It is the definition of a bag.
Might also be tech stocks and houses...
@@1111Tactical Why bitcoin when there are coins better than it in every way
If people can't tell that NFTs are retarded, they deserve to lose their money.
“The land value in Earth 2 is beginning what the Ancient Greek scholars referred to as: ‘a ducking nosedive’”.
- Gandhi, 1355 BC.
Gandhi's wisdom is truly unparalled!!
Gandhi wasn't a greek though. If I remember correctly, that quote originated from the works of Diogenes, the father of cynicism.
@@anteshell Woooosh...
@@anteshell If we are talking about Greek philosophers, I feel like the quote belongs more to Sun Tzu in his famous Dialogue of War.
... And then he nuked everyone.
That buyer's remorse is going to be a killer.
They are in denial atm, it's funny to watch how they still defend it while it's crashing around them.
@@Jorendo "This is fine", as everything they own on the site depreciates into the negatives.
until they forget about it and move onto the next "deffo not a scam - game".
@@Jorendo The usual coping mechanism.
I thought most are just money launderers. The big spenders at least (>x0,000)
I still never understood the fomo behind a game that doesn't exist
Pump and dumpers don't need logic, just tell them something is going up and they go in and hope someone else is dumber than them.
Most belongings are not matter for taxation. So you can put your money there and not pay taxes on it. + the American tax office is chronically underfunded and wouldn't even bother to look into complicated stuff like this. That's why people bother with this stuff. It's a bunch of guys that want to get rich off the tax evasion from even richer people.
I don't understand fomo in general... but i have no friends.. THAT´S IT! I GOT IT!
I blame Bitcoin. Everyone wants to be the earliest adopter of the next big thing so they can cash out a few years down the line, make millions and retire.
because there's still many, many idiots out there who can't stop kicking themselves for not having bought in to bitcoin 10 years ago
This whole thing always screamed out as being something that was setup with the purpose of laundering money and ripping off those daft enough to think that the promise of the virtual has actual longterm value.
Buy high, sell low. It's the Earth 2 way.
The idea was to "sell" a bunch of people something that never existed based entirely on viral marketing and the insinuation they could get rich. They knew what they were selling had absolutely no value other than what someone else might be willing to pay for it. To make sure even that slim chance didn't cost them anything, anyone lucky enough to find someone to buy their valueless land image stored on someone else's computer found it almost impossible to cash out. Once there are no more "customers" putting money into the system they will pull the plug and walk away with everyone else's money.
People need to realize you can’t buy yourself into riches.
Then all these angry people will get tourist visas to Australia and Issac will "enjoy "their company.
I thought it would be hard to find something more volatile than the Chinese real estate market ...
I stand corrected.
Both markets are susceptible to The Great Reset.
These people really can’t stop themselves from making a joke out of themselves, can they?
You should see how upset they are at KiraTV, he did a vid about their discord..
Here's what's going to happen: How much do you want to bet that once this goes south completely, the whole "project" fails then shuts down, those absolute idiots are going to try and blame it on the youtubers who have been making videos exposing this scam trying to claim that the "negative comments and exposure" of the game drove people away from the project and caused it to fail? Just watch ;D
That's because for some reason, people do not want to admit that they could be wrong or make mistakes. That doing so makes them look weak or stupid. In actuality, being so shows that one is not perfect and could stand to better oneself and have a learning experience. Why that is seen as bad is beyond me.
@@crapshot321 it’s harder to convince people that they been fooled. And this decade has been high on that “young independent entrepreneurs”tm thing, ranging from jake Paul’s Financial movement to NFTs to whatever the hell Earth 2 is.
@@FrostySnow1000 I agree that it is harder to do so. I just don't believe (in my opinion only) that it is impossible. Hard as it is to believe even in this case, peoples minds are not set in stone.
@@FrostySnow1000 "It's easier to fool a man, than to convince him he's been fooled" - Mark Twain.
If they don’t have to sell their computer. Or house to get back the money they owe to people.
And suddenly, the Herd realized that they owned absolutely nothing.
But are they happier for that?
@@IamOutOfNames That depends on how dumb, and self deluding they are.
@@IamOutOfNames The deluded often do seem to be happier....
THE GREAT RESET,
and they are told that they were "Happy"!
4D chess move made by commies
It's all part of the plan. Once it crashes down, the "developers" run away with all the money.
So this is like a pyramid scheme some or some bad crypto con people pump and they leave it if they're smart they don't put a lot of money in it but they're not getting it back.
100% gonna be a rug pull. Maybe some people will get out with their money but once earth 2 goes under and there is 0 liquidity, the buyers of the fake overpriced land will be left with nothing, while the devs will take away everything that they were given.
pretty sure the people behind this have already made bank and are just waiting for the 'market' to implode, so they can walk away with a valid excuse and claim the 'game' just failed. They sold this as an early alpha game, meaning legally they're not required to produce an actual product because their 'investors' knew this was a possibility when they threw their money away.
which is really why this 'game' needs to be exposed... somebody found a legal way to pull a pyramid scheme and WILL walk away with millions...
I'm betting the 'third party' organization that Earth 2 uses to do the processing of all the sales/money transfers, will conveniently disappear first. That way Shane can say 'Not my fault' as he pulls the plug on the Earth 2 server.
And the hidden cash cow? Imagine how much that third party organization could get on the dark web for the full list of names and bank details of all the Earth 2 -land- pixel owners.
What's funny about this is most MMOs have this problem in their auction houses. Maybe E2 IS a game (It's still not.)
It's basic supply and demand. Over time everyone is going to get geared and the supply way outweighs the demand. If there's no other way to get materials and crafted items out of the economy, then supply will increase, prices will continue to decline and while it's great for new players, old players aren going to make the fat stacks they did before and they'll most likely just sit on their gold stack like the lazy dragons they are.
"Truth is, the game was rigged from the start"
This is true in every market. There's The Price(tm), and then there's the Real Price(tm), which is what you get when you NEED to sell NOW, and can't afford to wait to get The Price(tm). The less liquid the market, the more pronounced this difference is, ex, real estate. A 90% difference between the paper price and market price means it's a completely dysfunctional market.
@@DarthWraithius Ah a fan of FONV. A man of culture.
@@augingma5518 Ave amicus
11:44 For that amount of money that dude could have had the best summer of its life in Italy, oh well, shame.
It's like Black Mirror is slowly edging it's way into our reality lol
Imagine trying to explain to your spouse that you're bankrupt because you 'invested' your entire savings on 'property' that only exists in a video game.
A video game that doesn't exist ye, no less
I believe that Plato had first used the term "A F$%king Nosedive" to describe the Atlantians in this classic fiction.
That is indeed the origin of the term, fellow scholar.
It's selfish but I really hope Earth2 manages some kind of resurgence. This UEG content is just so good I don't want it to end.
It's entertaining... in it's own way.
@@aeternusdoleo4531 Like watching a 20 car pileup on Talladega Speedway. It's horrible, but you can't look away.
Sounds like I should start my own company. Earth 3: The Upper Echelons
Earth 2 should be announcing their Trainwreck and Natural Disaster DLC any time now.
... and just remember to keep looking for gems... more gems increases the size and carnage of your trainwreck.
Well as I said if (or when) the Great Reset happens ownership of physical property willbe illegal, so I can see why people are looking for virtual ownership like NFTs.
But I still don't trust Earth2.
Great job on the liquidity aspect of this “game”. The liquidity is zero to none when compared to the equity market, and you have to be lucky for someone to see you specifically and want to buy YOUR land! Sucks for people who bought in due to FOMO and will be stuck holding the bag
I only want this saga to end because the finale will be amazing, but please let it survive a bit longer. These videos are sooo funny.
Imagine those mfs that spent 1k on this shiiiii
It's obvious that the 'kid' threatening that E2 is going to sue RUclipsrs and the Reality dude are way more involved in this than we think/ letting on.
So i felt a bit bad today. Cough is killing me but i still had to go to work, my winter depression is kicking in, and the horrendously ugly weather isn't helping.
Then i saw another Earth 2 video, and was subsequently reminded that all things considered, no matter how bad i feel today, i will never be one of the suckers that still hold onto this scam.
Thanks, you made my day this much better.
Godspeed friend. Fight the good fight
And if you’re really feeling down, atleast you didn’t invest in BOTH earth 2 and the Mars one (like earth 2 but buying land on Mars in order to “claim” it irl)
The bubble is gonna burst, blink and you might miss it.
When someone says their going to rebuild a 1 to 1 earth as a video game using Unity, that should have been the first red flag.
Oh it probably can be done, how many peta bytes do you think it would take?
Sure, though technically you can afford a lot with Unity if you segment the world well enough and reduce the hand made detail. They could have probably bought a license to google earth point cloud data and called it cloud based content delivery optimisation or some such.
@@joewelch4933 probably like 13
Too many holes to count:
-If someone buys the land of my house in earth 2, can I sue them? If you claim it’s real land, I should be able to.
-1:1 how? There are secret baes and privacy regulations. Will they enter my house? Will they go to places too dangerous for humans to be? Even google can’t do a proper 1:1.
-Those fake resources have value how exactly? Supply and demand are broken here.
@@E1nsty I did have a blender plugin to convert google/apple/etc map into mesh (can't be bothered to find it atm, but if someone knows... thanks in adv :3), the plugin already had feature to add road & "building" on top of that.
BUT putting @Jappards concern into mind & also reducing manual work as much as possible, it would be better to make it all nature. Geo height data + tree/foliage/rock/etc generation + ground color based on climate + river & ocean lvl. (if the game was as advertised) People will be clearing forest & building things anyway, don't see the point in making more than handful of tree, rock, etc prefab.
Not sure if there's a free map with all man made earth work reversed;; maybe there's one people worked on for research purpose you could license? dunno, cbf looking for it :P
My neighbour started harping on about this game months ago. I told him it had to be a scam but he didn't wanna hear it. Months later and he now can't get hold of his money. He also now sees it as bullshit. Being correct is a beautiful thing.
I say the same thing about crypto currency.
@@thunberbolttwo3953 Crypto Currency has made a lot of people rich though. And unlike NFT's like Earth 2, it actually has a function and purpose. Not a safe investment, but FAR FAR FAR safer than Earth 2 is.
@@pagatryx5451 Thats not saying much. Since the only thing giving crypto value. Is peoples blind faith in it. In the end crypto is just as worthless as this scam.
@@thunberbolttwo3953 The only thing giving gold its value is people's blind faith in it.
@@SisterMaryElephant Lol no. Nice try but fail.
"There's a playlist..."
GODDAMMIT THIS GOOD
God Earth 2 must be worse then we thought since even people from Strangereal are noticing
Phew. It had been so long since Earth 2 news that I was beginning to worry that it was actually becoming a real game and wasn’t just a scam.
They are creating an entertainment metaverse. It's not the entertainment metaverse they wanted or intended but it's what they've got. At what point do we become bullies for laughing at these clowns and making fun of them all day (most of the day. Sometimes. Definitely today though)
The developers probably laundered millions of dollars from it. Maybe nobody was a victim, just Molly customers.
Earth 2 Rants never get old no matter what
It's kinda fun to visit the site, and just imagine the desperation and panic just for a minute or two :)
I mean I kinda want to buy my house, 10 dollars man, *NOW THAT'S AFFORDABLE HOUSING* (cries into pile of bills)
@@hodgknob3545 Hey, it'll be okay. No matter how tough it gets, just remember. Laundry and bills will always be there for you :)
Damn bro at this rate we gonna get a season 2 of Earth 2 saga.
This is actually different than the stock market. Even if you had no a way to sell your stocks to another peer, if that stock paid dividends, then you still get money out of it. A stock's theoretical value is the total amount of all future dividends, discounted to the present day (to adjust for the time value of money). But that's theoretical. We can never know the actual dividends a stock will ever pay. Hence, the risk. But at least it's an investment because it has the potential to create a stream of income.
Earth 2 tiles are not an investment since there is no evidence that it can create a stream of income and it's not believed the technology could create any stream of income.
Even just looking at the market itself, it's night and day with no comparison. A stock market is highly diverse, comprised of many companies in many industries, large and small, with many buyers and sellers, large and small, a very high volume of transactions, and a level of regulation and transparency that Earth2 will never match. Also, as you state, a stock will pay you dividends, while E2 properties do not; any money paid out currently is an unsustainable ponzi scheme, because E2 has no product, no service, no customers, and no income; no value is created, and thus no income is generated.
Enron: First time?
So it is the same, the expected dividend is just 0, like Tesla doesn't pay dividends.
Most money made from stocks is off the sale price, not the profit share.
@@Marinealver correct. But the true underlying value is ultimately derived from its ability to generate dividends or the assumption that dividends will be paid at some point. If a company announced that it would never ever pay dividends on a stock no matter what, the value of that stock would instantaneously drop to zero.
"Let's go to Spain."
Clicks on 🇨🇦
Me: "Bienvenido, bud."
*inhales*
Goddamn hoser tabarnakkkkkkkkk
I actually had a chance to invest in them pretty soon after announcement. Once I learned that one of the developers used to work for LJN's Nintendo department I ran as fast as I could. (and yes this is a true story)
Laughing joking numbnuts, great.
source
For real?! LJN?!
So it's like commodities speculation. If the contract is nearing its end date and you haven't sold yet, you'll sell to whoever's trying to buy it, because you don't want to be stuck with the actual product. Like the way someone got stuck with oil they couldn't use and paid people to take it from him, causing the price of oil to be negative for a while.
These people don't want to be stuck with fake money when the company vanishes, so they're selling to whoever's still buying, at a 90% loss or more.
Reading through their discord is like scrolling through the mind of an insane person. Makes it very obvious why these people fell for it so hard
the problem is human psychology. they know they have been scammed, but your mind tricks itself into thinking it can't be real and things will turn around. combine that with the fear of societal shame, ridicule and financial collapse, and you get the reason why people who have fallen into scams refuse to accept they have been scammed. some think they're too smart to get scammed (spoiler alert: if you think like this, you are the perfect target for a con artist). others have gone so far deep they don't see a way out except keep crawling down the rabbit hole. take Nigerian letter scams for example. everyone knows it's a scam and yet the scam still exists. you can't imagine anyone would fall for it, but a few people still do. those people will never admit to have been victims of this scam, as admitting this would be like putting on a huge dunce hat to anyone they know. so they just keep on pumping money into the scam hoping it will pay off in the end. it's basic gambling addiction mentality.
Earth2 is entertainment on a whole new level 🤣
Bet when it inevitably fails they come out and blame everyone who criticized them for dooming they’d game before it came out 😂
I just relized that someone could kill earth 2 by buying every tile and not sellling them
E2 might not be a game but it sure brings us a lot of fun with its blunders and its supporters' desperate attempts to prove it's a real valuable thing
Wonder how many people have bought tiles of land that are cemeteries?
RIP bag holders.
LOL +1000
I just want to point this tiny(maybe insignificant) thing out. Due to growing accessibility of electronics(pc's/consoles) in upcoming 1st world areas(recently out of 3rd) there is an equally growing number of people who are likely not used to the technology or are unaware of the dangers of online scams like the rest of the existing 1st world have been aware of for some time now. Now this isn't exclusively about these places this could also include ignorant and extremely impressionable young people as well who are looking for their chance at becoming very rich in the easiest ways possible.
Holy cow! Earth2 managed to make the stock market look like a safer place with little risk involved.
Gold is no more inherently valuable than electronic money, either. All forms of currency have always had value only because everyone agrees on it, whether it's physical or digital. Shame we eventually found out gold was actually an excellent conductor of electricity, thousands of years after its value was inflated because it looks pretty. Still, nothing has inherent value, even gold. Everything is only worth what you can get another person to pay for it.
The quality content I subscribed for.👏
Mad props for the creative thumbnail. Excellent content as usual.
"At least we got some entertaiment out of it"
The amout of thing that can get describe by it is getting frightening.
I ought to confess, stories like this one makes me feel less stupid. This is the type of thing that just sets red flags in my head since the first minute, yet so many people fell for it.
I was just wondering if there was an update on this disaster
Your earth 2 videos are by far my favorite.
Back with another one ahaha i love it
So let me get this straight. People read/saw Ready Player One and completely ignored the dystopian, real-world suffering depicted in that media in lieu of digital frills? I fear there is no saving mankind at this point...
And even without the dystopian nature of it, just the games itself are badly designed. No real change in rules between game modes, pay to win items that can literally kill an entire planets worth and everyone has a single life where upon death they lose years of wealth and loot. No one who really thinks about that world wants it.
"you can trust me, I have a Tesla"
--- Arya "Mole Rat" Realty
Hahahahaha, he DOES look like a mole rat 😆
That's kinda mean, I mean no need to kick a man who is falling so far that he hasn't landed yet
@@Speederzzz lol, I'm sure all his tiles and Tesla will save him
@@Speederzzz I got that from Bigfry.
with -89% value gone he won't be making payments.... Smells like a Repo...lol
What's really funny to me is, I believe I was recommended this video because of the thumbnail and video title due to the fact that I mostly watch tons of space and science videos, and I deal with a lot of flat-earthers, mostly through the FE debunking channels. The sane ones that make fun of, correct and call out flerfs on their BS.
Here's where it gets funny to me.
The way you described the major investors sticking to their guns and continuing to promote their ultimately worthless wild success reminds me precisely of how the flerfs continue to promote their nonsense even though most of them know they're wrong.
To directly quote one anti-science flat-earther as he projected his own lack of morals onto the debunking community:
"After being proven wrong ANYONE would continue to lie to protect their income" -Jeranism
Great vid here. I'll be sharing it with some of the crew. Cheers.
do you watch scimandan? love that guy's channel
Heh, I knew there was gonna be another video on Earth 2
Wanna bet it won't be the last? ;)
I'll take that bet. Stakes?
@@The_Ragequit_Cannon You really think this will be the last video on Earth 2?
Maybe, maybe not. Although, if you read my original comment, I'm predicting another
I don't want to live/play in a video game earth, I like my virtual worlds to be unlike Earth
Imagine genuinely bragging about owning pixels that the developer(s) can at any point in time just delete, and not even being able to get 10% back if you are actually able to sell it. What kind of shit do you have to smoke to be able to do that? Because I want it.
Arya Realty is tryingto spin this as "Look at all the Discounts you can get on that land that will one day be worth millions".
cant wait for aryas reaction to this video
I guess they have taxes so even if the marketplace would flourish they'd make some money, but the funny thing is, they make even more money like this. People pay $60 for a tile, can't sell it or sell it for very low, that money now belongs to "the bank", the E2 company or whatever their legal entity is. Fascinating that people put so much money and trust into this, especially with you and other youtubers dire warnings about it. Thanks for covering it!
Earth 2 is going to the moon! Moon 2 coming out soon! Buy your moon tiles now before they run out! 😁
Oh no! Who could have seen this coming!? What a shock!!
no one ever mentions that the map they are using is just a place holder and people are buying based off of those real world locations and how popular it is in real life.
Ohh boy earth 2 my favorite normie crypto shit post. OwO
I figured it was coming up, but it's sad that it went so long. The real shame is how many people got scammed and how much the scammer made. But, that's life.
Would be interested to see what UEG has to say about the Eve Spectrum issues going on. I’m a early adopter myself and have been watching everything going on in their own forums and such. Would love to work with UE to learn how they lied, how they’ve DRAMATICALLY failed, and provide sources he can view himself
I remember seeing ads for those and being interested but wanting to wait until mass availability. What kind of BS were they trying to pull?
At this rate the only thing going to the moon will be Shane escaping from the lawsuits.
I love those ancient Greek philosophers. "Fucking nose dive, Clusterfuck, and FUBAR" are my personal favorites.
Undercutting happens so much.... In Elder Scrolls Online people do this... undercut other Guild Trader listings to just sell which drags down the price of items that were once high price.
The thing that really gets me about this is that you can go out and download a map of literally anywhere and color it in, put stickers on it, whatever the fuck, completely for free...its pretty funny actually that these people didn't have the brain power to even consider that simple reality and how it competes with the alleged scarcity of their digital commodity.
But, what do I know. I only do this finance stuff almost every single waking day of my life and sometimes for fun.
I would not be surprised if the company will be like "alright let's wrap this all up boys" and shuts down the whole thing once people stop spending money on it. And with it any chance for "players" to cash out.
I feel like putting all of these Earth 2 videos from all the tubers that covered it and Aryas vids, in one place to be able to view it all in its entirety. Great content. Thanks.
With digital items their value is purely speculative, but for example with stuff like NFTs, skins for games (mainly csgo, dota...) there is a massive population willing to pay large sums for those. the price is not set by some alg that just tells you some price. with those items the market place is fully driven by the people that buy them and has true demand. Thats why people are willing to pay massive amounts of money for the rarest 1 of 1 items (we are talking tens of thousands of dollars).
It ain't beating a dead horse if the horse refuses to die.
Here is a recipe:
1. Buy a land for 1x
2. Sell to yourself (appear like sale is to somebody else) for 10x
3. Sell to somebody else (for real now) for 5x.
You've made 5x - taxes.
Buyer thinks he/she have made a great bargain purchase (2x cheaper than previous price).
Any stats of a price growth is basically manipulated, and synthetically appears as growing market.
Riches become richer.
Also great for cleaning up dirty coins.
6:40 -> The problem mainly is divident. If you hold a company long enough, at the end you will get something at least. Maybe a couple cents on the dollar, but still. In a metaverse like this you get nothing, so nobody buys the junk.
Amazing coverage my dude (and your team)
The sad thing about this is that some people actually fall for this scam, because they're too lazy to do some research before throwing money at something.
I have just finished KiraTV's several days old video about this scam shit. Nice timing!
I'm starting to believe 'being scammed' is a kink, and that's why people keep falling for these scams
These people also forget that when you get the influx of new money coming into your account it is considered income and subject to taxes, just like a trade or crypto sell off. So you bought expensive tiles, sold at a loss, and what you got you owe to the gov a chunk.
I find it fascinating how ppl even came to conclusion that they could get money out of this.
I mean wtf.
"Hey look ima gonna sell you land in a gameworld im gonna maybee perhaps at some time create. You cant do anything with it but its price will rise, im sure!"
I heard people are doing pump n dumps aswell where they are buying n selling the same tiles amongst a group in order to drive the prices of the properties up then selling them at a discounted price in order to get back some of the money they invested.
"... what the ancient greek scholars referred to as a 'fucking nosedive' ..." MADE MY DAY!
Don't know much about the Earth2 economy but only way to save it would be that each tile generates money. But ofcourse it should be ingame money and very little. And company will cover that money from trade fees. It would keep people thinking that their posession of land is generating something but would be actually taken away with fees for balance.
Where can I go to watch the pearl-clutching this video will trigger in the E2 stans?
*MISSION CONTROL MESSAGE!*
EARTH-2 SHEEP, HOLD THE BAG....
😂😂😂😂🤣🤣🤣
The bubble isn´t popping; it´s going supernova.
Imploding like a black hole with their money... bu bye.
9:36 "Let's look at Spain" clicks on Canada
To me, it doesn't matter WHERE you buy the land, its the quantity you want and the applications in which you want to use it for later IF they actually make it utilitarian or customizable in any way. (Unless you are trying to go for augmented reality advertising or some other augmented reality application that deals with being in the location you purchased directly.)
Ah, sweet. I was waiting for the exciting conclusion!
Ahhh Earth 2... the gift that keeps on giving
So good to hear someone quote the ancient Greeks. ... 'It's a fucking nosedive.' Beautiful.
The fact anyone thought that a copy of google maps with tiles is somehow worth investing in makes me believe they deserved having their money swindled. They have to learn the hard lesson and it is expensive.
The problem isn’t undercutting in New World, that’s basic cause and effect economics. The sole problem is too much supply not enough demand (which you did state)