Palum
what Suineg set it to
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Do you think it's not investment?What jurisdiction does the SEC have that would enable them to ban crowdfunding?
Do you think it's not investment?What jurisdiction does the SEC have that would enable them to ban crowdfunding?
His PhD Thesis exposed.You could argue that as he's, in fact, an expect in fucking up space games therefore he knows what that looks like.
That's the Master Set which is the ship + 1 of every type of Pod/Module they have come up with so far.Yea it's $900 fully loaded, cheap version only $350!
Fuck no it's not an investment. If anything it's gambling. Now crowdfunding to raise capital for a seed round with people getting actual shares is a different story and iirc the SEC already addressed that issue. The video game industry has been really smart if you think about it. The essentially are getting people to pay for a game before they even start working on it because we are fucking addicts.Do you think it's not investment?
Investment is gambling. If you don't think that the gub'ment can decide to regulate new things it figures out it likes to regulate, ask GMAC how avoiding the CFPB is going or how fancy free flying drones is since the FAA decided they liked them as well.Fuck no it's not an investment. If anything it's gambling. Now crowdfunding to raise capital for a seed round with people getting actual shares is a different story and iirc the SEC already addressed that issue. The video game industry has been really smart if you think about it. The essentially are getting people to pay for a game before they even start working on it because we are fucking addicts.
There is a big difference between buying shares in a company and paying in advance for a game. It is true though that the entire industry needs some kind of regulation or something. I find kickstarters promising to release games for unrealistic amounts of money to be a complete joke. Crowfall for example is a game with a lot of great ideas but a complete joke funding wise. Paying in advance for a game that they even admitted would need more funding is something imo shouldn't be allowed.Investment is gambling. If you don't think that the gub'ment can decide to regulate new things it figures out it likes to regulate, ask GMAC how avoiding the CFPB is going or how fancy free flying drones is since the FAA decided they liked them as well.
Yea but kickstarter is specifically paying money to FUND the development of a game or whatever- IE in the vast majority of cases the crowd is literally distributed VC to get around regulation and taxation amongst other things for those types of products. You are not preordering from EA. It's just straight up investing and I would bet money it gets regulated eventually. Just because it's a shitty investment (your best possible outcome is only one product and not a slice of the pie) doesn't mean you aren't providing liquid assets for the company to leverage for operations.There is a big difference between buying shares in a company and paying in advance for a game. It is true though that the entire industry needs some kind of regulation or something. I find kickstarters promising to release games for unrealistic amounts of money to be a complete joke. Crowfall for example is a game with a lot of great ideas but a complete joke funding wise. Paying in advance for a game that they even admitted would need more funding is something imo shouldn't be allowed.
Okay, let us know when it releases!And before I get the usual crowd pissing in my corn flakes let me just remind people that I have heard nothing but bitching, moaning, crying, begging and pathetic attempts to offer sexual favors to the Devs of other games for well over a decade, and failing, to institute a gameplay mechanic that this type of ship allows.
So just try and keep that in mind before you unzip.
[something about Derek Smart saying that you can raise $100 to build a box on Kickstarter, but can get away with developing a box worth $10 and pocketing the other ninety]You're just prepurchasing a product that may or may not meet your expectations.
Star Citizen has at least already delivered a playable product that is in some ways very impressive. Maybe if they actually deliver the other 90% of what was promised then they'll have something. Heck, if they deliver 50% of what's been promised so far, most people will be fucking ecstatic.
No. If there's no expectation of wealth generation it's not an investment in my opinion.Do you think it's not investment?
I was looking at the concept ships trying to find what you are talking about.That's the Master Set which is the ship + 1 of every type of Pod/Module they have come up with so far.
The thing is that's not necessary for the ship to be fully loaded. There are several configurations of the ship that are more or less fully loaded and don't cost anywhere near that. All the Master Set does is give you options.
And before I get the usual crowd pissing in my corn flakes let me just remind people that I have heard nothing but bitching, moaning, crying, begging and pathetic attempts to offer sexual favors to the Devs of other games for well over a decade, and failing, to institute a gameplay mechanic that this type of ship allows.
So just try and keep that in mind before you unzip.
You might be able to swing that logic for some KS games but I mean RSI has a secondary market and spaceship speculation LoL. They are running their own market.No. If there's no expectation of wealth generation it's not an investment in my opinion.
The dudes buying underpriced ships and hoping to sell them after supplies run out, that's an investment. But me paying into SC super early just to help a space sim get funded? That's me giving a down payment on an entertainment product.
I'm a layman though, I know little of the SEC and the laws that they abide by and enforce, so my question was genuine and not an argument. Does the SEC have any jurisdiction to regulate a industry where no investment is taking place?