New Citizenship System

This wall of text can you read on the client loader for Calypso...

Now discuss how or if this will affect the economy of Arkadia...

 

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It would have been nicer if some lots were given to people that have been in EU (or PE back when) for a long time depositing/or not depositing and generally supporting the place by being here. Maybe give out shares to active accounts based on creation date and not just current LA owers.

 

It's got potential... Giving players a say in the future development of Calypso could be a step in the right direction. Only time will tell if it actually works to the positive...

 

So that's basically the 6M USD they didnt get from SEE...

I think its a good long term investment and will try and pick up a few shares if I can. Also will help to judge how things are going for MA as the payout is a % of gross revenue from Caly. Also be nice to have the option of trying for the landgrab depending on how it is run.

 

Really?
They have now got so bad they are trying to redo the concept of land ownership in Afterworld? Welcome to MA's next cluster fuck. Jesus this company gets more lame by the day it seems.

As for the citizenship crap and land owners becoming the ruling caste. Fuck that it will be run by the same rich players that get everything now..They obviously would rule over self intrest and not the over all player base.

Its a shame they are backed by the swedish govt investing way back to bail them out or I would say that maybe its time for a class action badfaith lawsuit since they keep adding more and not bringing back what was taken after many many promises to do so.

I think it may be time to move on for real and let this turd disolve into the sewer of crap MA is making it now.

 

Actually... I must contradict you... At only 1,000 PED, almost any player can become part of the Calypso planet partner... I'd have done it myself if I hadn't used the PED I just put in for other stuff.. There are plenty of other people that will be able to who aren't the arrogant land owners. Our own Deathifier is one that's getting a "free" land deed...

 

It sounds a bit wrong to me... pay $100 so you can have the right to vote?

 

guarantee 1 person it going to buy out all of them or most of them at least probably setting up multiple avatars to do so also. Then they will resell them 2-3 at a time for more then 100 PED.

This whole concept really disturbs me to be honest. Glad it's only on one planet.

 

I just hope I am able to be online at a time when the smaller bundles are available. When I got up this morning I had the option to buy 100 shares at the low low price of 10k USD....

 

$100 to effectively become part of the new Calyspo Planet Partner.. $100 to "buy in" as a shareholder to receive dividends... The "right to vote" just comes along with it... It's like buying stock in an entertainment company.. You pay for movies and/or channels.. but that doesn't give you the right to vote until you dump in $1000 or more to actually buy shares. That's all this is...

I was on to see a bunch of those.. But I wasn't in a position to put another 1000 PED down on one or I would have...

 

...but it's not called the "shareholder system", it's the "citizenship system". I think it just gives the wrong impression.

 

I can agree with that. But that's still what it is, effectively.. That's the purpose it serves.

 

You only get a say in Calypso development, not Entropia Universe development. So you might get to choose the next wave spawn mob or name of a new TP but anything to do with the platform is well out of reach.

And their ROI figures are a little misleading, think about how many shares and what will be split.

If any profit Calypso makes 50% goes to MA and 50% then goes to the PP i.e. Calypso (correct me if I'm wrong). So you're only getting a share of 25% of the total, to make your $100 per share back in one year Calypso will need to make

(60,000 shares) x $100 * 4 = $24,000,000

and tbh anyone depositing will almost certainly spend far more than any revenue they get from the shares. Any profit you could make is likely to be from the land associated with each dead when the system is finished, if you can find someone to buy the deed from you.

 

As I understood it, MA IS the planet partner for Calypso so therefore the 50% that would have gone to a PP is going to be split up between the 60,000 shares..

 

Actually looking the announcement it doesn't say anything on how big the share actually is.

just that you'll get a share and each deed will get the same ammount.

look at this way, we might get some more players out of it

 

This is the part that concerns me. I hope they keep it as limited as you say Spike. Judging by how MA has been treating Calypso as a super-planet through Kim, I am skeptical. If they start allowing Calypso Citizens to vote on things that impact the platform as a whole (which they may do to make this system more attractive) I will be pretty upset.

 

Spike,

I dont think anyone would expect ROI of one year. MA are suggesting 27-30% = 3 to 4 years. Even so thats a very ambitious earnings prediction.

Regards,
KikkiJikki

 

True but it was an extreme example but if they make $3,000,000 / yr according to the same figures then it's 8 years, provided it's a 25% share on the total.

And it does say the %, I read it but missed it

I've assumed 25% (i.e. 50% of the 50%) but once you've bought them there's no turning back, you've either got to hope Calypso stays profitable or pass them onto another player to get your money back. If the return rate is low then it could be very hard to sell the deeds especially if not every deed gets a piece of land, it just says

after space and many other statements from MA I tend to read between the lines and it doesn't say every share will get a plot of land. And even if it did then people will certainly have to fight over the plots to make sure they can get the minium 3x3 to build on (in 2013), people could stake plots just to hijack / hold to ransom other plot owners. That could get very nasty.

Saying the ROI is 30% or $30 per share each year. MA have assumed that Calypso will make a profit of (again assuming 25% share to deed holders) $7.2M each year and they haven't done that for a very long time.

 

Hi Spike,

It's important to distinguish between profit and gross revenue. MA could lose money and still owe payment based on revenue. On the MA balance sheet gross revenue is deposits-withdrawals. Not really sure how the calculate the Caly component of that. But from previous statements, PPs also share revenue from decay. And these deeds are effectively equivalent to PP equity for Caly, so I am guessing that decay income is part of the equation.

As far as risk goes, well its a very different proposition depending on if you see the deeds as a growth investment or a revenue investment. If its a revenue investment then you only care about ROI. As soon as total ROI passes 100% then you are ahead and anything you subsequently sell the deed for is bonus regardless of the change in MU. You are then probably investing for the long term and if the ROI is less than advertised well it just means it takes a little longer and perhaps your money would hav been better spent elsewhere.

However, if you are investing for growth then you are gambling that MU will go up, preferably reasonably quickly. So interest in ROI is that matches or exceeds predictions so as to have a positive impact on MU. Personally I dont think its a good idea to invest for growth in this or any other EU asset. My only criteria are:
- does it increase my fun
- does it increase my revenue
- does it decrease my costs

If an asset doesnt score on one of those then I wont buy. A higher MU increases the hurdle the asset needs to pass in being assessed on that criteria because higher MU = higher risk.

The other possibily unintended benefit is that availability of these deeds/shares increases the transparancy of MA. Right now, the bulk of MA revenue is generated on Caly, If I have one of these deeds, then based on payouts, I can have a pretty good idea of how things are going in terms of net deposits.

Regards,
KikkiJikki

 

The announcement actually says that the plot is 100 square meters. I don't know what that equals out to, but that does give an idea...