Man Spends $330,000 on Virtual Item

FrndlyMisanthrpe

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May 28, 2009
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Lightyear will receive a cut of the profits of all transactions that occur on the station, as well as income from players who decide to hunt rare creatures in the station's proving grounds.
So wait, does he actually make money on this thing?
I doubt it.
 

Pyode

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Jul 1, 2009
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I was all ready to say how fucking retarded this guy was until I read the full article.

I still don't think it's a smart move but, if he plays his cards right, he might actually make the money back. That's kinda cool.
 

Crimsane

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Apr 11, 2009
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I just hope he didn't mortgage his house or sell body organs or something equally crazy to afford it. Large part of how stupid a risk it is depends on how well off he was to begin with.
 

Low Key

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May 7, 2009
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I will apologize in advance for anyone that actually plays these type of games, but paying real money for virtual stuff is one of the dumbest fads that exists today. One day the servers will be shut off, and it may not be this guy who loses tons of money, but someone will. Plus, there is an element to these games that bank on people spending more time in a virtual world than in the real one, which I think is ridiculous.
 
Jun 6, 2009
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Souplex said:
This is why you should need a license to handle more than $5000 at a time.
Nah there are worse reasons man. This actually is a smart move in retrospect. If the Club Xandu guy is doing well for himself, it shows that there are even dumber people out there who are willing to make these people a profit!

Well, that might be a bit harsh....
 

John Funk

U.N. Owen Was Him?
Dec 20, 2005
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Cajt said:
CantFaketheFunk said:
It isn't quite a dumb buy, though - Lightyear will receive a cut of the profits of all transactions that occur on the station, as well as income from players who decide to hunt rare creatures in the station's proving grounds.
So he gets PED for all transactions made on the station, and that PED can then be made into, say, USD?
Yes, essentially.
 

Archemetis

Is Probably Awesome.
Aug 13, 2008
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If he's gaining income from usage of the station by other players, then presuming it has a large following he'll be making money.
Whether he'll turn a profit or not remains to be seen.

But at least it's not like people paying hundreds of pounds/dollars for WoW trading cards that supply purely cosmetic items with no use other than looking more unique than the rest of the player-base of a certain server.
 

Ancientgamer

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Jan 16, 2009
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Why can't people see the sociological brilliance of all this?


Money only has arbitrary value anyway. Creating an artificial market was not only inevitable, but an incredibly efficient way to bolster the economic sector.
 

Internet Kraken

Animalia Mollusca Cephalopada
Mar 18, 2009
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LeonLethality said:
mortgaged his house to buy an online asteroid
-facepalm-

This is just tragic to say the least.
I you read the article on that purchase it says that has is already generating enough money from the asteroid to produce a substantial profit. So I don't see how a facepalm is appropriate here.
 

ProfessorLayton

Brotha That Will Smotha Yo Motha
Nov 6, 2008
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You know there are children starving all over the planet and some guy spends over a quarter of a million dollars on a virtual asteroid. Something isn't right here.
 

Razorback0z

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Feb 10, 2009
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People still play Entropia ? It sucked monkey nutz 5 years ago I cant beleive anyone still plays it. As for the guy.... sorry... eeeediot.
 

Avernus

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Jun 10, 2009
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It appears there was actually serious competition going for this as well, check it out...
http://www.entropiaplanets.com/forums/showthread.php?t=794
 

LeonLethality

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Mar 10, 2009
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Internet Kraken said:
LeonLethality said:
mortgaged his house to buy an online asteroid
-facepalm-

This is just tragic to say the least.
I you read the article on that purchase it says that has is already generating enough money from the asteroid to produce a substantial profit. So I don't see how a facepalm is appropriate here.
I know it was mainly my reaction and I did read the whole article it is the fact that he did it in the first place that baffles me, what if he turned out unsuccessful? oh well he turned out fine so I guess the risk worked out... I would never do something like that though.
 

Danpascooch

Zombie Specialist
Apr 16, 2009
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Lets see how much that palace is worth when the game goes down the toilet

A virtual investment has to be literally the least stable investment of all time.

If I ran that game, I would give one of those palaces to every player, just to ruin the life of that guy who spent over 300k on one.