$213,784 Total July Land Sales

[CrestIV]

MA means probably every PED circulating within EU.

And i am sure they count each PED multiple times.

Like every PED from each Loot.
Then each PED from every trade or purchase from wich a huge part already comes from loot and so on and so on.

So if i buy 100 PED Ammo, get 75 PED loot and buy ammo from that my turnover is already 250 PED.
Maybe they even add the 100 PED i had first to it, wich would make 350 PED, since there is a huge difference in PED and tt ammo.

I think its called creative accounting.

With my lousy 500 PED deposit even i probably had a turnover of 100k PED.

[wanda]

Originally Posted by MindBuster

Could we please discuss the article as to what it is instead of turning it into a "let's bash MA" thread ?

There were no one complaining when we had our own thread/announcement about it here , but as soon as it's MindArk themselfes announcing it you start attacking immediatly, please stop that, thanks.

People here see it as propaganda and they are discussing it in that respect - 'for what it is'.
They see it as propaganda because MA write how lovely pe is to the press when most people are at breaking point with MA's total lack of respect for its customers.

Also as you pointed out, its already been discussed at ef - from players perspective, not something made pretty for the press.

What else is left to discuss about it?

[Morg]

Thousands Flock to Spend Thousands for Virtual Properties

Thousands?!? How can ya turn 50 or so different bidders into 1000's?

[gekkegerrit]

Its great to see our beutiful universe going from strength to strength, go go go MA keep up the good stuff

on a side note...

there seem to be a lot of <other game> trolls posting on these forums, i recomend permenant forum bans for these entropia haters

[Darkaner]

Great news, MA made a lot of money!! I am so happy!

[leftmostlane]

So, does this mean MA is back from vacation? woot...and conclude the egg story already. Make that Atrox Jr. pop out and dance in the disco. We need a new quest...a quest for more PED

[Frigid]

Originally Posted by NDaleramai

Turnover is simply the value of all of the economic interactions inside the system. It is the value of all deposits, trades, globals, auctions, etc. It shows how much "action" there was in the virtual economy. For 2005, there being $165,000,000 worth of turnover? I can believe it. NEVERDIE fronted $100,000, several others deposited money for the asteroid, people deposited, traded, auctioned, and continued to develop their avatars.

That is normally what I would consider turnover, but the quote for the article says "In 2005, the Entropia Universe turnover (amount of virtual Project Entropia Dollars converted back into real world currency) was estimated at $165,000,000 US dollars."

Somehow, $165M was converted BACK into real currency. Is this just an accounting trick? Are all peds converted back to real currency at some point? I don't know. All I know is $165M is a a HECK of a lot of LA's...and I don't see 400 different people bidding on them.

[Frigid]

Originally Posted by wanda

What else is left to discuss about it?

I'm just trying to get Column A to match Column B. It may have been a misquote...dunno. The only way to solve this is a real, hard answer from MA...which, well, y'know...

I am content in that fact that hype or not, it gets new players in the game. I just hope MA gives us the tools we need to help them stay and enjoy it.

...


Ok....*clap, clap* lets move it people! Shuttles are arriving! Let's go greet the new arrivals...

[forgo]

Damn so much negativity...Of course this article is PR.... just as much as it is fact. With a fact like that people want to know about, write about, look at. It is pioneering in many ways, I dont doubt that this money will go towards the game in some manner, servers, employees, features, that is whatever they havnt left in the economy itself (since players bought these within the economy, it theoretically stays in).

As far as I know, MA's actual income is limited to decay,some fees ect, anything else is up for grabs ingame. Anyone else notice 3 ATH's occur in the weeks since? totalling 40+k us? Not to mention even more for us in the form of ad money...which just started, and will build up as well.

To conclude...Im glad to see the article...the more money that gets placed into the economy the better...and the more noobs we can get the better .....for all.

[Etopia]

Originally Posted by MindBuster

Could we please discuss the article as to what it is instead of turning it into a "let's bash MA" thread ?

There were no one complaining when we had our own thread/announcement about it here , but as soon as it's MindArk themselfes announcing it you start attacking immediatly, please stop that, thanks.

There big diference between the thread made by player and the anounce made by MA.
Player was speaking about the LA only .. and i see those player often in forum.

I dont see much MA around , they come back from holliday , there godzillion support to reply , cash card that dont work .... lots of player wait for they withdraw to come ,there bug that make material to disapear and we are not compasate it , loot go down and up , but they are very often low ...And first things they do when they com back is braging about how much money they ganaid ...
I dont think its the best way to calm down player.
And we both now , this kind of advert wont bring player , but only whiner.
People who will think make lots of money in PE is piece of cake...
Thats kind of advert have nothing positif , nor for the game , nor for the economie , neither for the loot , of for the lag ... that will improve nothing , that will just remplace the cash cow that left the game with new whiner... nothing good for us , only for MA.

Originally Posted by Frigid

"In 2005, the Entropia Universe turnover (amount of virtual Project Entropia Dollars converted back into real world currency) was estimated at $165,000,000 US dollars."

That seems pretty straightforward. I am a bit dubious of the amount. They do not say anything either way, but the implication is that PLAYERS have withdrawn enough peds to convert into $165M USD. If $165M was converted back inot cash by the thousands of active players(not hundreds of thousands of accounts opened in a free game), we'd all be freakin' rich!

I was just musing about other ways this amount could have come to be...like MA extracting PEDS in the repair terminals and using that "income" to pay their bills.

Players cash out, players use their ATM's, but $165M is a bold claim...i need to see a balance sheet.

In this context, they say "the amount of virtual Project Entropia Dollars converted back into real world currency.", so this doesn't include deposits. If
1.65 BILLION PEDS have been converted back to real money, I am simply curious where it is.

A big chunck of this may be going back to MA to cover their costs...but saying:

Read again the sentence , and think like MA doing PR.
First this is how MA see the turn over.Thats money that turn in the game.
Let us recall what MA call turn over.Its the amount of trade through auction that have be made in the game.
If an mk5 is bouth and sell 5 time in row for 5k ped , the turn over is 25k ped...Thats how it was explained last time MA come braging with number , by marco and player that are economist.
I am far from economist , but its what i had understand last time.
Also , read what MA write :

"In 2005, the Entropia Universe turnover (amount of virtual Project Entropia Dollars converted back into real world currency) was estimated at $165,000,000 US dollars."
In french , what is inside the () can be remouved , its used to bring more info on the subject , but it can be total remouved without altering the meaning.so left :
"In 2005, the Entropia Universe turnover was estimated at $165,000,000 US dollars."
And read they say "was" and " estimated" , so that mean this is an old figure.In french , i would wait for the actual estimation following..
You dont give a old figure if you dont have the new one... and usual , you brag about how finally you are better than your old figure

Now , lets have a look about the content of the () : (amount of virtual Project Entropia Dollars converted back into real world currency).
That mean for me , the number they give you is converted back in real world curency AKA US$ , they dont give you the turn over in PED , because this PR is not for player , its for people who have no clue about PE , so better speak to them in real world curency.

PS: i tryed to find the old marco post about that subject , aka the turn over they posted in 2005 for 2004.
But its seems there are missing marco post , or i am dumb in searching , or maybe i need to be prenium members , but i can not find older post than 02-09-2006, 09:06 AM.
So if someone more skilled than me can take a look to the subject from last year it would be nice