nu.kanga.list.mud-dev

18209: Re: [MUD-Dev] Buying benefits

On Thu, 7 Jun 2001, Vincent Archer wrote:
> According to Matt Mihaly:

<snipped stuff regarding Project Entropia>

>> Yeah, and they are geniuses or, more likely, have no clue what
>> they are doing, at least in my opinion.
 
> When I saw the latest press release, the qualifier that sprang to
> mind was "the game that launders dirty money".
 
> Basically, if everything I've understood is right, they expect to
> sell in-game cash and items for money, and allow people to
> "recycle" these in-game items for real-world cash. Their profit is
> done by taking a margin on the transactions (you sell for less
> than you bought).
 
> The very first thing that sprung to mind was these slimy guys
> buying tons of expensive in-game gear in a south american venue,
> then meeting as a bunch of pixels in game, and selling the gear
> back for untracable cash ("honest officer, I'm making all that
> money by being a professsional bodyguard in *that* game").

The first thing that sprung to my mind is that they seem to have a
tenuous grasp on the ins and outs of processing credit card
orders. Everything I've read about them just screams that they're
going to be utterly screwed by credit card defrauders.

--matt

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