Most certainly not. They need to earn their day-to-day living in SEK, whose exchange rate to EUR is kept within a narrow corridor by agreement with the European Union. Hence a tie to the EUR might make more sense superficially, but as pointed out above, it didn’t exist yet or was just in its infancy when Entropia was conceived.
The other reason floated around is that the majority of the playerbase is in the US, while the part remaining unsaid is that to make it so you’d have to have a strategy to focus on that market in the first place and a reason for doing so, which reverses cause and effect.
Some like to speculate that with the uncertain future of the USD, a switch to tying PED to EUR might be worth considering. However, the future of the EUR also has its challenges and you don’t need to be a conspiracy theorist to see the clouds. Just remember that nothing in the digital world is forever and all fiat currencies firmly belong in this category. MindArk with their backgrounds in the financial world certainly knows this and will have made arrangements to deal with such risks.
I know, you know, others know this too. BUT DOES MA KNOW? It’s not so obvious to me that they do. If we are assuming, then I assume they aren’t. They have yet to respond to this topic afaik.
The moment I arrived at such a conclusion I would stop spending any more money on the game. The part I don’t understand is why others do (and much more than I can) while constantly claiming they are incompetent. You and I and most people here are not competent to assess that, but I’ll credit their background for being ahead in this field. This doesn’t mean I think all their financial decisions were wise, but that they know how to hedge currency risk which is solely the topic of this thread. A piece of evidence might be that we’re still here after so many years, having crossed a timespan during which the EUR/USD exchange rate has reversed back and forth.
Lol… has anyone else besides me ever had the thought about the possibility that MA endgame might be ENTROPY of the US dollar? It was just a thought excercise I ran when I first learned about fiat currency design many years ago…
Am not implying anything just always thought it an interesting thought…
Actually in view of recent events and the strength of GBP against both the USD and EURO, perhaps EU should consider linking PED to GBP. I am of course joking, but my comment is no more ridiculous than some of the other comments here. I honestly believe that if USD ever does collapse, our EU investments will be the least of our worries. Keep it like it is, I can see the GBP going up in the next 12 months which means I will get more bang for my buck when I depo. After 9 years I have seen constant fluctuations of the GBP to USD and about 5 years ago I was watching the exchange rate on a daily basis and would select when to depo. The difference was never much but every extra ped counts
Hope it’s okay to revive this since the topic is gaining new momentum. What seemed like a fringe theory until recently, the world outside the Western bubble is now actively pursuing to dethrone the US Dollar from its role as the world’s reserve currency. Especially countries that got slapped or threatened with sanctions are fed up with weaponization of the currency and aren’t having it anymore. The details are beyond this forum to discuss but everyone interested should include BRICS as a keyword in your news stream. Whether we agree with anything happening there or not, they mean business. Also, a number of central banks in countries not limited to said organization have been ramping up their gold purchases while the public is kept busy with pandemics, climate panic, woke stuff, ChatGPT and whatnot. Better start looking where it matters.
It might be that simple, or the opposite. Nobody really knows what the consequences will be. Analyst opinions may be worth as much as a monkey throwing darts. The thing for the developer is to have options if/when a change becomes inevitable, and that requires planning for not having to ask ChatGPT at the last moment because you were busy with whatever. I trust they do that, but with a much larger stake in the game I’d be challenged and would want to hear more.
ZERO MOMENTUM… ped is 1/10th of a dollar, the sky is not falling and conspiration theorist are debunked every day.
again this Hyperinflation BS…
in EUrope we want a lower ped so we can buy more in game currency. devalue dollar and we buy all mayhem weapons
oh yes, the usd is totally fine for wealth storage:
https://1.bp.blogspot.com/-j0FgMGglbRo/Ue58RV3XH1I/AAAAAAAAJ3c/uHvxEPvkQxE/s1600/US+dollar+Value+3-value-of-the-dollar.jpg
there is absolutely no risk involved in a situation like this
But in the end it does not matter, since most of the world is going to keep inflating their currencies, and when they are loosing a certain amount of value, they will be replaced by the according CBDC’s, managed by Circle, and tight to the SDR. Time will tell.
This, albeit not “far beyond our lifetime” it will not change in our lifetime most likely.
The “change in world order” has happened many times already and we are in a change at the moment, what will be the pinnacle that changes it in the end will come after we are dead, for sure. Sucks that we have to endure the turnmoil of it all but hey, thats life, shits fucked anyways.
Also on pure economics i know jack shit and i’m not good at it, but i’m fairly certain the US dollar and economy is based on debt, and wouldnt that mean that it only gets stronger after bad times where debt increases?
this going from micro to macro is really amusing expecially spiced with some conspiration and hyperinflation hypotesis.
PED/USD is a PEG that gives no matter to SEK balance account.
Being USD a LIABILITY for MA (PED sold are a liability for the company)
this can be a problem OF THE GAMERS seeing their item values depleted (for gamers PED are an asset)
as an european i would see no matter to accept a conversion 1 ped = 1 SEK or so, they are in a 10% badwidth since forever.
UE/USD exahcnge is neutral at 1.10/1.15… under 1 fed suffer over 1.3 BCE suffers
the rest is usual myth of US = Zimbabwe and Austrian economy .. suggestive but not applicable
Yea, ppl talking about some entropia impact of de-dolarization. Pff. Cmon. If world actually de-dolarizes then our Asian masters will show us how to weed that field in second great leap forward. Entropia and PED will be least of your concerns. Kids.
And noone even understands how public debt even works. Why FIAT was introduced, how stuff is financed on macro level, what is liquidity, what is solvency and so on and so on.
Nobody knows how long it takes until something happens, and what the exact consequences will be when it does, but they’re working on it – ‘they’ being a very significant portion of the world outside of our bubble and our control. Everybody can follow the news on his or her own and certainly conclusions will differ, but in the end we’re just sitting on the fence and watching things moving forward elsewhere. They are truly fed up, and they mean it.
