RE: Preliminary Announcement of Proposals for Feeless SWAP & Hive Onboarding

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Can you guys point to a different game Royal Reptile has created?



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if you read the proposal I even state this is their first big game they have dreamed of creating. If you go back to early posts there are links to their app store games that companies orered as cheesy little games. The original plans of a double A game with edited Unity assets is already changing to triple A & building our own assets completely. So we are not jumping onboard a gaming studio that is well established yet that is also why we are asking for more Hive developer support and funding. Even without the funding just to find more developers to hire we plan to accomplish all these milestones, merely asking for support in speeding things up.

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(Edited)

I'd love to see a lot more development before this type of money is discussed. Something functional. I fully agree with @niallon11 on every point made.

I've also always had some issue with the idea that this concept that has been too hard for everyone else can just be done by this team that has no experience in any of it and it could be done on a shoestring budget and it can be done in record time and almost every request for features I've ever seen has been met with "of course we'll have that". Now I see it again with this comment:

and we will leave no gamers out.

This all things to all people approach is either naive or not honest and I'm not sure which of those is better.

With my thoughts since the beginning that the odds are stacked against actual development the way its claimed will happen, the fact that we've seen nothing but a few demos but the team keeps coming back to the well and hooking the community deeper on a game that was said to be fully funded by an unnamed entity, it makes me nervous.

There are also several other red flags I won't mention here.

I personally want to see something real come out before the topic of money or things to buy is breached again.

I hope none of this is taken personally. I have high hopes for this game which is why I bought commercial land, founder packs, and several hundred thousand LVL but I would be lying if I said I didn't have alarm bells going off in my head right now.

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How would you feel if each proposal was brought before you, one at a time, job completed and closed as promised? Would you be more willing to vote on each proposal separately?

Perhaps I didn't read the announcement right, but it sure seemed like a roadmap of a plan. Who cares if they ask for $100M if they're asking for $20K here, doing the job, completing the task, building the bridges as promised on time, then asking for the next $20K to build another one to do it all over again.

I understand you're thinking of this as one macro ask...instead, I believe you should be looking this as an announcement of micro-projects with one large project announced with it.

If they build the bridges they are asking to build, how many do they need to build before you can trust they'll do the other things they're asking for? Isn't this also why milestones are key to any proposal?

I haven't been around Hive terribly long, but I'm pretty sure I read this announcement right...

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I would feel the exact same way because I already understood it wasn't one big macro ask.

But to further answer your question, I would feel great about it if we could say the first proposal was the working game.

Let's call the working game--already more than fully funded by the community and a VC-- the first job to complete and then they can come back and ask for more.

But the progressively higher asks making me feel better about it? That's the basis for the word con man. The scams that created the term con man are based on a scam structure where a CON-fidence MAN gains your confidence by delivering on several smaller but ever increasing tasks/investments and then has the big ask at the end which is ultimately the con.

I'm not saying that's what is happening here but I am saying that it certainly doesn't make me feel all warm and fuzzy when I see the structure of this.

They should deliver the fully funded game.

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I read what you're say'n...but if the proposals along the way benefit all of the Hive ecosystem, not solely the game they're making, I'm not seeing the connection to your example of a con-man. If the first proposal, as an example, is to build a bridge from one main coin to Hive or even a 2nd level token like LVL, it either works or it doesn't.

Then, if the 2nd, 3rd, 4th, 5th, and 6th proposals are to do the same thing, and they're built...again, this of course helps the game, but it helps all of Hive, does it not? Here's the folly with your argument: Any business has to gain the confidence of their investors. They do this by showing levels of completion in the project. Legit or not...it's done the same way. What you're describing to me, or explaining to me is not a mindset of an investor, in my opinion. It is the mindset of all or nothing and that's not what presented. I understand you want to see the game released before being willing to vote on a proposal to release funds. By the time the game is released, it'll be too late to provide the RC's. The goal is never to provide a AAA game to the public and have the site shut down because you can't get enough people on...because they can't create accounts fast enough. That's kind of like Coinbase saying, "Let's advertise free bitcoin at the SuperBowl" and then have the site go down in a few seconds because they weren't expecting so many people to come.

Obviously you believe enough in the game to put your own funds at "risk" and I respect that. You've brought to light your concerns. I respect that, too. I've also seen where @psyberx has stated they won't put out any proposals until at least the marketplace is up and live. While some would say that's also a con-man's method...give you a way to buy into a project before the main attraction is released, it's also what all major blockchain games are doing-have a way to buy NFTs before the game is released.

They should deliver the fully funded game.

What good is the game if you have 1,000 people who can play it while the rest of the world can't come in, but by 1-3 per day. That seems silly to me at best.

Good thing is they are opening the Alpha version to people with Founders titles...With a commercial plot, I think I saw your name on that list, you will qualify to play before everyone else in June/July. Maybe then, you'll feel a little more confident. Only time will tell...

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You don't gain a person/group's confidence by doing things that benefit just yourself. The confidence game is about benefiting the mark with the small stuff until they trust you enough that you can run off with the big stuff.

And there is no folly in my argument. Go tell a VC you want them to give you money but they can only read your blog and talk to you on discord. Let me know if you get to the part about milestones or how much of your concept is done before they hangup on you.

In the real world we have credit profiles and tax returns and assets to place liens on and lifelong social networks and job histories and school transcripts and government ID's and still most businesses are self funded or if they get investors they are usually family and very close friends until they've actually proven they can make profit.

No one is asking for all or nothing and I'm not even asking for the game to be released publicly before voting to give them these grants. I just want something delivered besides a trailer. Deliver the Alpha version. Prove that they can even make a working game that does even a fraction of what it's supposed to and is fun before we start talking about marketing plans that will blow our minds if we knew them and setting the stage for millions of players or as they put it early on, the biggest blockchain game in history and the game that will revolutionize blockchain gaming and the game that will bring all the best parts of Fortnite and all the best parts of world builders together with NFT's and change gaming as we know it.

Can we at least see an alpha version of that game before we vote to give them millions in value because they proved themselves by building a bridge?

That's all I'm asking.

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Can we at least see an alpha version of that game before we vote to give them millions in value because they proved themselves by building a bridge?

Based on what I've seen, the answer is "yes" lol...that's the great thing about voting. You can ask for anything before you give your vote away...another nice thing about voting-until there is a proposal, there is no vote. I'll be watching for when an a proposal is actually brought forward.

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I'll be watching too. Thanks for the chat.

!BEER

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The token has a marketcap in the millions and a $50,000 investment from a VC that wants to stay anonymous as it is their first Crypto Game investment until the game launches is sketchy huh...risky investment yes so understandable completely to me, he could have rug pulled anytime and be a millionaire... that is a small % of this project yet to say this concept has been too hard for everyone else to develop? also me saying a game will be available for players that want to come in without buying something first being naive or a decision after plenty of market research on games making people buy something first? Free games are not impossible to develop. Just because developers have not built a first person shooter on Hive does not mean it can't and won't be done, more developers are being hired and in time maybe you get to say I told you so. Again no proposal will be launched for some time, this is to get the communities thoughts.

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OK, your message was kind of garbled there but I've seen you say this thing about market cap before, how a high market cap means they could walk away with that much money and its just a fundamental misunderstanding of how market cap works so I'll address it real quick.

First, at .002 per token the value isn't millions but $1 million. And really you should only count the 32% of the token which is circulating and most of that was sold at a much lower valuation than it is now. If you take just what's circulating the valuation is $324k. But that's already sold which means Royal Reptile can't profit on it again and probably didn't make anywhere close to that when they sold it.

So what does RRS have to rug pull on if they were so inclined? They have 338 million tokens. A rug would be selling those tokens.

The bid on the token right now is .0015. But they couldn't sell much for that because they'd move the market too fast.

If they went to the market right now and sold everything to run for the hills, they would be able to sell on hive-engine for a grand total of

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896 hive.

But that's not totally fair because there is a MUCH better way to sell it. That would be the liquidity pools which if they took their entire 338 million tokens to they would score just under 21,000 hive! Not too bad. But its not walking away with millions and its likely that most of that hive was added in by them in the first place so they'd just be robbing themselves.

Screen Shot 2022-03-22 at 12.14.37 AM.png

So the only way he could walk away a millionaire is if he were to ask for millions of dollars before he walks away...

I want this project to work. I'd much rather tell the people who are currently telling me I'm crazy for investing in crypto, games, and NFT's I told ya so while my new commercial land pays for my beach house. I'm just saying this is starting to look bad and I'm clearly not the only one that feels that way as the token is down 80% in a few weeks. Then after stabilizing with a bid of .0022 for the past several days it sold off again after this post went out dropping the bid all the way to .0012 at one point before rebounding to .0015.

And of course free games can be built. Fortnite is free to play. But Fortnite cost tens of millions of dollars to develop and the company that developed it freaking owns Unreal Engine and had a history of developing these games. Fortnite's ambitions are also far smaller than psyberx AND it didn't have the added difficulty of being built on a blockchain.

The psyberx premise was shaky from the beginning but it's really exciting if it can be done. I think many of us would like to see some kind of proof that it can work before they come back to the well again with a new thing to buy or an ask for cash. Especially since part of the hype cycle was the announcement that they are fully funded.

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too true, I was referring to the time we were almost 5 million market cap yet they would only pull a bit more out as the orders are not there so you are correct.

The part that is hard to understand is you say it is nobodies, which we have openly stated he started as an independent studio developing a few cheesy play store apps with a dream, a risky dream that would require massive funding to become something like Fortnite yet you want to see something like Fortnite before they ask for funding...? There was no funding for development proposal mentioned, this was for onboarding and a feeless swap... things that improve and grow Hive whether this game fails or not.

There are games with less plans, transparency and content given out and yet tens of millions invested into them, many rug pulls, some just suck yet here we are on Hive not taking the possible millions in funding several chains are offering games to come develop on their protocol. See Ackzas past pleads for us to mint our next token and bridge TELOS as their proposal system sits idle with easy funds to grab in which he has successfully done with a few proposals.

Our DHF system maybe has just a bit too much of an expectation of bringing in wealthy folks only to bring value that way, we can't build value and attempt to bring a game? We will adjust and lower numbers greatly or even scrap the proposals, it was my idea as these plans are there yet pushed back due to the focus being on the game and marketplace development. We will consider just asking for Bridge proposals that would go directly to the Hive Developer if we can come to terms with any qualified and available which is the primary purpose of this to find more developers as team and needs are growing.

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yet you want to see something like Fortnite before they ask for funding...?

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Funding was asked for and received.

This continues to be about the same thing for me and it seems like several other people. Deliver something based on the funding thats already been given that's worthy of an ask for more.

That doesn't start with a new list of proposals. It starts with what's already been funded.

Every project needs some hype in the beginning to get some people behind it. This is especially true if the project needs money. But so far based on the hype the community has already come out of pocket for 162 million LVL, about 60k hive worth of starter kits, and 50 commercial plots. Plus there is a VC in there somewhere.

At a certain point in a projects life it needs to transition away from being a hype train collecting money to a real thing that uses the money to build a thing that justifies all the hype.

It seems like the market is saying right now they expect psyberX to start transitioning to the second phase.

That's all I really have to say about it.

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In business school, we teach quite a bit about the freemium model. It's nice to point to fortnite as it's a very successful game. There are many freemium games and apps that do well, also.

The concept of ring a game to the blockchain may have its complications, but in the programming I'm familiar with, it's just an added layer. The game itself is not played on the blockchain. A blockchain simply records the transactions. The concepts being discussed for the game are not outlandish. Which is why they have my backing.

What seems naive to me is for folks to believe that making an electronic coin would be valued by anyone... but then again, trillions of value have proven that naivete to be unfounded. What's the purpose of the dhf? Isn't it to find big ideas? Or is it only to give funds to people who've already done the work? Seems counterintuitive to only find proposals that are finished. Perhaps it's the size of the ask... that's where having multiple proposals with strict milestones is appropriate.

When I built my house, my lender required me to ask for funds matching needs as described in a building plan and proof that the previous work was complete. It makes sense to have a plan and to present it. Now, if you feel that none or parts of the plan are unnecessary or are asking for too much, say so. As someone who professionally approves millions for projects, I require plans and milestones. If I disagree with a part of the project, it's good to note those issues before anyone starts the project. As they say in the military, "Prior planning prevents poor performance"

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I'm aware of the success of the freemium model of games. I'm not contesting that. In business school do you tell your students to open a business that is all things to all people and leaves no one out or do you tell them to find their target customer?

I also understand the importance of plans and creating proposals to fund work you want to do. I've applied for and received grants.

I also understand what a milestone is and how funding milestones works.

I haven't built a house but I'd have to imagine they want proof that what they already paid for is done because if you default or don't finish the project they don't have to wonder what it even is they are foreclosing on or why they just paid out for a roof when you never put any walls up.

But let's use that house example.

The set of proposals isn't the first proposal set forth by psyberX. The first one was for a game. A game that was fully funded by a mix of funds from the community and an unnamed VC.

OK, so they have the money. Where's the product to inspect before the next round of funding comes in? I don't need the whole thing. Just give us an alpha version. Prove a working and fun version of this game can be made by this team and then we can talk about funding the next milestones to bring in the millions of players who will only come if they nail the first part.

Once we know the walls actually stand up, we can talk about the funding the roof.

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Funny enough, my lender gave me the money for my roof before the walls were up because I sent them an email that the walls were going up...I gave a promise and they paid up. I eventually sold the house (fully built, mind you) for about 3x what I paid for it. Everyone has their levels of comfortability. I get it. I'm looking forward to more reveals.

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Me too. Thanks for the discourse.

!BEER

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