Re:A Cryptocurrency Website Changes Its Data, and $100B in M...
by andrepd on Tuesday January 09, 2018 @08:07PM
(#16111735)
I'm quite sure people that don't spend thousands of dollars (or even a penny) on microtransactions aren't the minority.
Re:A Cryptocurrency Website Changes Its Data, and $100B in M...
by tbrake on Tuesday January 09, 2018 @08:26PM
(#16111838)
Indeed the non spender is in the majority.
"Whales" - the term for those spending thousands - although few in numbers, are the ones accounting for most of the profit.
https://modelviewculture.com/pieces/the-whales-of-microtrans...
Re:A Cryptocurrency Website Changes Its Data, and $100B in M...
by derblitzmann on Tuesday January 09, 2018 @08:29PM
(#16111863)
Yeah, it is "whales" that support those games. The business model is to attract and retain people who pour money into the game for whatever reason.
Re:A Cryptocurrency Website Changes Its Data, and $100B in M...
by FiveDegrees on Tuesday January 09, 2018 @08:33PM
(#16111878)
Your comment reminds me of the first half of this essay on Slate Star Codex, up to the comment about Las Vegas:
Unfortunately people tend make value assessments that I think are horrible, and that causes entire industries to pivot in ways I don't like. For example, I love Nintendo's $60 games that come with plenty of content and no microtransactions. I don't like "free" smartphone games that do the opposite.
However, huge numbers of people have determined that getting nickel-and-dimed with thousands of dollars in microtransactions is something that adds value to their lives. I certainly don't think I have any right to object to their conclusion, except in the way that I'm already objecting: by refusing to spend any money on microtransactions. It just stings a little that I'm quickly finding myself in the minority.
It sounds like you're going through something similar with respect to the cryptocurrency market.