Yes taxes killed it. Around the time it first has a ton of taxes, there was a bunch of DCity politics posts but it failed. So the high taxes have continued to this day.
Its hard for all players right now besides a select few. The new players are seeing about a 100% APR. The latecomers who bought in nearer to the top now put in HIVE and I think the return might be like 25-35% APR since the price of SIM to HIVE dropped a ton. The old players already got their initial investment back and thus are in a good place for free returns.
Well the insane APR from before was essentially a ponzi since the only reasons why prices were high were because of the people buying in later.
However I don't think it is entirely a ponzi since there is a base amount of rewards from the curation aspect of DCity. So at worst, people will just have to deal with a 15% or 16% APR if everything plays out.
Yes taxes killed it. Around the time it first has a ton of taxes, there was a bunch of DCity politics posts but it failed. So the high taxes have continued to this day.
Posted Using LeoFinance Beta
I guess it benefits someone to have them.
Probably not the newer people.
Posted Using LeoFinance Beta
I'm also curious who benefits from all these high taxes that people complain about. I mean games are supposed to be fun
Posted Using LeoFinance Beta
The people will all the population cards since they get HIVE by stocking up on a ton of SIM or from ranking rewards.
Posted Using LeoFinance Beta
Well it appears those who are involved with a lot on the line like them.
I dont know much about the game but it seems like it is tougher for the newer people.
I could be wrong though since I dont play it.
Posted Using LeoFinance Beta
Its hard for all players right now besides a select few. The new players are seeing about a 100% APR. The latecomers who bought in nearer to the top now put in HIVE and I think the return might be like 25-35% APR since the price of SIM to HIVE dropped a ton. The old players already got their initial investment back and thus are in a good place for free returns.
Posted Using LeoFinance Beta
Seems like the game is now ponzi.
Or is that a bad read on it?
Posted Using LeoFinance Beta
Well the insane APR from before was essentially a ponzi since the only reasons why prices were high were because of the people buying in later.
However I don't think it is entirely a ponzi since there is a base amount of rewards from the curation aspect of DCity. So at worst, people will just have to deal with a 15% or 16% APR if everything plays out.
Posted Using LeoFinance Beta