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RE: Drugwars - Introducing FUTURE the new DrugWars Token.
It can be debatable if cryptocurrencies are investments or not (though the general concensus seems to be that they are an investment, albeit a high risk one), but they aren't a game. Being uncertain does not mean it is a game.
No that isn't "general consensus" unless you can cite some poll data to support this claim. Show me sentiment which shows most people want cryptocurrencies to be treated as securities?
Okay, my bad, I should have worded that differently. It "seems" to be the general concensus in the financial world. I meant in terms of financial discussions, articles etc of cryptocurrencies.
I wasn't referring to what every Tom, Dick and Harry thinks of cryptocurrencies, because their opinions don't really matter for the purposes of this discussion. I was saying that when you read information on financial websites, tax office websites etc, most seem to consider it to be an investment (not necessarily only an investment but an investment still), so it is reasonable to believe that the financial world considers cryptocurrencies to be a potential investment. It's not necessarily regarded as a good investment as it is more risky than shares (which are otherwise considered the riskiest investment, and you can also lose money on them so the fact steem isn't certain doesn't mean anything because neither are shares - that reflects on how risky an investment is not whether it is an investment) but most see it is a digital asset and discuss it in the context of investing in it as an investment and in the context of it being used as a currency. The financial world seems to accept it as both an investment and a digital currency, and that makes sense because that's what it is.
I haven't gone and interviewed and polled people from finance but the general information expressed by the industry seems to suggest it is an investment and a digital currency, albeit a high risk one. I haven't gone and polled random people because that's not what I meant, I don't care what they think compared to the industry and a lot of people don't understand investing at all, let alone cryptocurrency.
But it definitely isn't a game. Cryptocurrencies can be used in games, like drugwars, but a cryptocurrency itself is not a game.
The air quotes around general consensus seem a bit unnecessarily hostile though. My reply was less about investments and more about the fact that a cryptocurrency isn't a game. Drugwars is, the cryptocurrency itself isn't. WOW is a game, the in-game currency isn't (it's interesting and has even been used for economic studies, but it isn't a game in its own right and neither is a proper cryptocurrency).
Whether it is an investment is debatable because it can be seen just as a currency or just as an investment, or most ideally both as it meets the definitions for both, but financial information generally seems to feel it fits the investment definition regardless of if they feel it is a good idea to invest in it or not, and if it is a choice between it being a game or being an investment, it is much closer to an investment than a game. You can gamify how you go about dealing with cryptocurrency (just like you can gamify washing dishes) but the cryptocurrency itself isn't a game in its own right. I don't really care if people class it as an investment or not, but it's not a game.
And also whether something is a game or not plays no role in what the drugwars devs should do either, because No Man's Sky was a game and only a game but their product did not match the advertising and that was enough to get people refunds so I don't really see how classing Steem as a game makes the actions the devs should take any different. In the case of drugwars, it was still a case of it said one thing, people put money in and then it changed. Steem being a game wouldn't change the fact their decision changed the value proposition that affected people spending money on the game. NMS is a game (and supposedly is finally actually being turned into what was promised) but the fact it didn't line up with the original marketing meant people spent money on it when they wouldn't have otherwise. The promise of steem in drugwars meant people spent money on it when they wouldn't have otherwise. It doesn't matter if these things are games or not. For the sake of good PR and morality, drugwars should pay out what is left in there first and I think they might be doing that by the looks of it, so if they are, that's a good decision on their part.