Re:Why Web3?
by CryptoPunk on Thursday December 30, 2021 @09:08AM
(#29736792)
>>Axie “players” now make on average less than minimum wage in the Philippines and continued earnings depends on more people buying into the ponzi.
The minimum wage in the PH is zero, with millions unemployed, and many more than normal, due to lockdown restrictions.
Axie saved many lives, and if you were to put aside your agenda, and objectively study this, you'd find out how many people in the Philippines who were on the brink are grateful for the lifeline Axie provided them.
>>The economics are clear and you haven’t really disputed them except by invoking the intangible magic of the blockchain and digital assets.
Collectibles don't suddenly become "ponzi schemes" (!) when they become digital or are issued on blockchains. Your analogy is absurd, but I suppose that's ok, given the abundance of hyperbole on the pro-blockchain side.
I mean it depends on what you’re paying them to do and how much you’re paying them. Axie “players” now make on average less than minimum wage in the Philippines and continued earnings depends on more people buying into the ponzi.
> Your hyperbolic comparison, between a game with digital assets, and actual ponzi schemes, is immature.
The economics are clear and you haven’t really disputed them except by invoking the intangible magic of the blockchain and digital assets.