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Leon Trotsky 2012 posted:Convicted USF medical services accountant sent half of stolen $12.8M to ‘webcam’ girlfriend Is that the university of south Florida, because if so, 
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Nov 14, 2022 02:23
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Cacafuego posted:Is that the university of south Florida, because if so, Yes, yes it is.
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Nov 14, 2022 02:33
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Legally would she have to pay it back
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Nov 14, 2022 06:08
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Alan Smithee posted:Legally would she have to pay it back Legally she's probably being charged with a felony...
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Nov 14, 2022 06:16
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Trimson Grondag 3 posted:gwm is selling ten year rights two years in a row. you don't get paid up front
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Nov 14, 2022 14:03
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quote:Hasbro (HAS) – The toy maker's stock slid 5.2% in the premarket following a double-downgrade to "underperform" from "buy" at Bank of America. The move comes after BofA conducted what it calls a "deep dive" on Hasbro's "Magic: The Gathering" trading card game business. BofA said Hasbro has been overprinting cards and destroying the long-term value of the business. quote:Hasbro says it has been generating strong profits from "Magic: The Gathering" and will be implementing further revenue generating policies in early Q1 2023. Hasbro said it remains confident that it can attract new users and that existing users are willing and able to absorb additional costs and purchase new content. Hasbro: Our business plan is to fin-dom Magic players and they will gladly pay whatever we ask, buy any new sets, and put up with whatever bullshit we throw at them.
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Nov 14, 2022 16:22
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drat, libertarians getting it on all sides.
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Nov 14, 2022 16:27
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Leon Trotsky 2012 posted:Hasbro: Our business plan is to fin-dom Magic players and they will gladly pay whatever we ask, buy any new sets, and put up with whatever bullshit we throw at them. But are they wrong? My brief time playing MTG was a massive money sink.
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Nov 14, 2022 16:36
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Bird in a Blender posted:But are they wrong? My brief time playing MTG was a massive money sink. They aren't wrong. MTG is a massive money sink and pretty much everyone knows it. It's just funny that an investment bank is saying they are recommending people slow down on Hasbro investments because they think inflation will lower peoples' ability to buy cards and the company is devaluing them by selling/printing too many. And then the company itself just outright states that they won't lose money because Magic players will gladly eat any cost increase and new set regardless of anything. They are just saying what has been an open joke for a long time and trying to defend themselves by saying how BWM their customers are.
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Nov 14, 2022 16:40
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paper magic is $$$ but Arena (their newish online/mobile version) can be f2p if you just like to play a few games every once in awhile. gets very expensive if you're always chasing the latest cards though.
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Nov 14, 2022 16:42
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It's funny because Hasbro has to flat-out pretend that the secondary market isn't a thing, because otherwise it's like loot boxes, it's just straight-up gambling in certain legislative environments. But then here's BoA coming along and saying that they're destroying the long-term value of the game by overprinting cards. If there wasn't a secondary market, then that wouldn't even be possible: you print cards so that people can buy them and play with them and if you want more people to buy and play with them you need to print more cards. The only way overprinting cards can harm the long-term value of the game is if it is in fact the promise of turning a profit on the secondary market by reselling rare cards that makes people buy packs in the first place. So yes, BoA is correct, but what can Hasbro do about it other than admit, even if tacitly, that buying packs is a speculative activity?
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Nov 14, 2022 16:44
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https://twitter.com/WSJ/status/1591959118264270848
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Nov 14, 2022 17:01
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Phanatic posted:It's funny because Hasbro has to flat-out pretend that the secondary market isn't a thing, because otherwise it's like loot boxes, it's just straight-up gambling in certain legislative environments. They've never pretended the secondary market is not a thing? They've specifically maintained "do not reprint" lists to appease collectors. On the official MTG blogs they used to talk about the impact of reprints on the secondary market. At some point they said it was surprising to them at first but made sense in retrospect when reprinting certain mid-value cards actually raised the value of the old cards, because making them legal in more formats meant that collectors would seek out the older cards for their decks, raising demand.
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Nov 14, 2022 17:03
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https://www.youtube.com/watch?v=BrfAWHHVz50
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Nov 14, 2022 17:23
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Leon Trotsky 2012 posted:Hasbro: Our business plan is to fin-dom Magic players and they will gladly pay whatever we ask, buy any new sets, and put up with whatever bullshit we throw at them. tbf this has worked for them for alot longer than the past two years, probably the past...10?
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Nov 14, 2022 17:24
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Phanatic posted:It's funny because Hasbro has to flat-out pretend that the secondary market isn't a thing, because otherwise it's like loot boxes, it's just straight-up gambling in certain legislative environments. If only there were a magic the gathering online exchange
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Nov 14, 2022 18:19
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Chainclaw posted:They've never pretended the secondary market is not a thing? They've specifically maintained "do not reprint" lists to appease collectors. On the official MTG blogs they used to talk about the impact of reprints on the secondary market. At some point they said it was surprising to them at first but made sense in retrospect when reprinting certain mid-value cards actually raised the value of the old cards, because making them legal in more formats meant that collectors would seek out the older cards for their decks, raising demand. Back in the day, for values equal to before the year 2000 or so, they were very up front about the reason for it being "to make the black bordered, limited edition versions of Magic cards as collectible as possible." Their *current* official position is that the reserve list has nothing to do with secondary market prices, and Rosewater himself says that he's not even supposed to *discuss* the reserve list, let alone explain it. All the official policy says is that such cards will not be reprinted, it doesn't say why. When prodded sufficiently hard they've waved their hands and made vague invocations of promissory estoppel, but that's a very transparent dodge. The real story is they don't want states to ban selling booster packs as a form of illegal gambling, just like some have banned loot boxes. The official position is that every card in a booster is the same cheap piece of cardboard and that the price of any card on a secondary market is beyond their control (which is exactly the same argument that Upper Deck/Fleer et al successfully used to argue that their products were not in fact unlawful gambling), but to do that you really need to memory-hole the stuff Wizards said back in the day, and you damned sure need people at Hasbro today to not talk about it.
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Nov 14, 2022 18:23
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Phanatic posted:Back in the day, for values equal to before the year 2000 or so, they were very up front about the reason for it being "to make the black bordered, limited edition versions of Magic cards as collectible as possible." Their *current* official position is that the reserve list has nothing to do with secondary market prices, and Rosewater himself says that he's not even supposed to *discuss* the reserve list, let alone explain it. All the official policy says is that such cards will not be reprinted, it doesn't say why. When prodded sufficiently hard they've waved their hands and made vague invocations of promissory estoppel, but that's a very transparent dodge. The real story is they don't want states to ban selling booster packs as a form of illegal gambling, just like some have banned loot boxes. The official position is that every card in a booster is the same cheap piece of cardboard and that the price of any card on a secondary market is beyond their control (which is exactly the same argument that Upper Deck/Fleer et al successfully used to argue that their products were not in fact unlawful gambling), but to do that you really need to memory-hole the stuff Wizards said back in the day, and you damned sure need people at Hasbro today to not talk about it. ok that's real weird and also very funny because Rosewater's definitely written articles about this in the early '00s. Something must have really scared Hasbro in the last 10 or so years, then. Maybe the hammer coming down in a few countries on free to play gacha games? their behavior definitely doesn't match that stance. I hadn't heard of this Secret Lair stuff until a few weeks ago when I wanted to get all the Warhammer themed Magic Cards, and that whole thing seems like FOMO central, make money off people bad with money about Magic cards.
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Nov 14, 2022 18:27
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Chainclaw posted:ok that's real weird and also very funny because Rosewater's definitely written articles about this in the early '00s. Something must have really scared Hasbro in the last 10 or so years, then. Maybe the hammer coming down in a few countries on free to play gacha games? Almost certainly. The Netherlands banned, as gambling, lootbox transactions in cases where the items in the lootbox have a market value outside the game. The secondary market for MTG cards would totally qualify. Belgium just said "they're illegal gambling, period." Trading cards vastly predate online microtransactions but such companies are very afraid of getting caught up in the backlash against predatory online poo poo.
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Nov 14, 2022 18:56
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The fantasy of getting a good night's sleep has been monetized.
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Nov 14, 2022 20:25
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Phanatic posted:Almost certainly. Is that true also of eg, Panini trading cards of soccer players? I'm not fully up on EU gambling laws.
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Nov 14, 2022 21:22
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Leon Trotsky 2012 posted:astrology stuff Good grief. Thank you. I can always count on you to deliver the goods.
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Nov 14, 2022 22:23
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Phanatic posted:Almost certainly. Wouldn't this apply to Pokemon cards? I have an 8 year old nephew who spends every dime he can find on booster packs. It's like watching a third grader play scratch lottery tickets... not great.
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Nov 14, 2022 22:37
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ma i married a tuna posted:Wouldn't this apply to Pokemon cards? I have an 8 year old nephew who spends every dime he can find on booster packs. It's like watching a third grader play scratch lottery tickets... not great. but the TV tells me I have to catch them all.
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Nov 14, 2022 22:55
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ma i married a tuna posted:Wouldn't this apply to Pokemon cards? Probably, if those countries decided to take a hard look at the issue and examine it on an objective basis. Which is why Hasbro really really wants to pretend that the secondary market isn't a thing, regardless of what WotC's statements on the issue 20 years ago were. KYOON GRIFFEY JR posted:Is that true also of eg, Panini trading cards of soccer players? I'm not fully up on EU gambling laws. Here's what happened in the Netherlands. That country's Gaming Authority looked at loot boxes in games and decided that in four games, because the loot boxes contained items that had value outside the game (like, you could sell them to other people for money), the sale of these loot boxes without a gaming license violated the law. The publishers of those games were warned about possible enforcement action. EA, publisher of one of the games in question (FIFA Ultimate Team), said "We're EA, gently caress you," and the gaming authority hit them with E10 million in fines. EA appealed this fine in court, and the courts sided with EA, on the basis that purchasing and opening loot boxes isn't an isolated game, but is rather just a part of FUT, and so selling loot boxes in FUT doesn't require a gaming license. The reaction to that is that the Netherlands is moving ahead to just ban loot boxes entirely, as Belgium has. https://ftw.usatoday.com/2022/07/loot-box-ban-the-netherlands The previous regulations didn't apply to trading cards because the gaming authority didn't look at trading cards, it just looted at loot boxes in video games. The proposed new legislation probably doesn't even contemplate trading cards. But Hasbro knows full well that there's a distinct gambling element to buying and opening packs of trading cards, that the fact that it dictates the rarity of cards drives their value on the secondary market, and that the speculative value of those cards drives sales, and it very very much wants the legislators who have their eyes set on loot boxes to ignore trading cards when they're contemplating legislation.
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Nov 14, 2022 23:06
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OK so basically so far nobody has looked at trading cards and none of the proposed legislation covers trading cards. There is an extremely long and well established history of trading cards that are available at random in packs that have value on the secondary market in the EU and US without any gaming licenses whatsoever. I think you're projecting awfully far from the lootbox regulations.
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Nov 14, 2022 23:17
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One of the main issues was that the lootboxes didn't have published percentage rates. Do trading card manufacturers publish that data on the cards?
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Nov 14, 2022 23:19
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KYOON GRIFFEY JR posted:OK so basically so far nobody has looked at trading cards and none of the proposed legislation covers trading cards. There is an extremely long and well established history of trading cards that are available at random in packs that have value on the secondary market in the EU and US without any gaming licenses whatsoever. I think you're projecting awfully far from the lootbox regulations. no, he's correct hasbro has clearly issued a policy that nobody involved at WOTC is ever allowed to discuss the price of cards on the secondary market. you can tell, because all of their employees go to genuinely bizarre lengths to avoid doing so or to talk around the issue (by saying things like "reprint equity") who all obviously know the secondary market exists and drives demand for their product. it makes perfect sense for them to be concerned that someday, someone might realize "hey, this DOES look an awful lot like scratchers for kids" and that would be a big problem for them, and tell people to shut the gently caress up about how one rare card is worth $50 in the packs they sell for $4
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Nov 14, 2022 23:24
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Super-NintendoUser posted:One of the main issues was that the lootboxes didn't have published percentage rates. Do trading card manufacturers publish that data on the cards? unless they've changed how they do it, they used to initially print magic cards on a big sheet, with cards laid out in a certain way, and they would slice that up into the actual cards. They'd even sell the uncut sheets to people who wanted them for display or collection purposes. They'd put the cards from the sheets into boosters in runs (which meant while drafting you could figure out what common someone might have taken if you memorized the runs for the set). So in effect the rates were published that way, plus they shared the numbers on how often they put in a Foil card, and how often they put in the new Mythic Rare cards. The probably more grey area is they also print pre-constructed decks with specific cards in them. They'll sometimes put expensive cards into those, and those pre-constructed decks basically sell out instantly and hit high prices on the secondary market. Also, unless it's changed since I worked adjacent to a team working on a Magic the Gathering iOS game in the late '00s, WOTC also hands out booster boxes, rare expensive promo cards, etc, like candy to people they work with, and definitely in a way that they know what the expensive cards are on the secondary market. It even seemed to basically be a lot of the company's internal bonus plan, my understanding was that WOTC didn't pay internal developers particularly competitive wages (hence why they'd outsource game development, they had trouble hiring and retaining people), but employees did a a shitload of free or discounted product (I wasn't sure which, but I know the employees would often have half a garage full of sealed cards). Chainclaw fucked around with this message at 23:38 on Nov 14, 2022 |
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Nov 14, 2022 23:35
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evilweasel posted:no, he's correct I know everyone on these dead and gay forums is a huge loving nerd and so therefore ignores the existence of sports and all things related to sports, but this is already a huge thing in baseball (and to a lesser extent, football and basketball and other football) trading cards and has been since before MtG was even a glimmer in some motherfuckers eye. I don't think this is a real problem.
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Nov 14, 2022 23:45
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https://mobile.twitter.com/Cartoonbrains/status/1592233920036315138 welp
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Nov 15, 2022 00:03
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KYOON GRIFFEY JR posted:I know everyone on these dead and gay forums is a huge loving nerd and so therefore ignores the existence of sports and all things related to sports, but this is already a huge thing in baseball (and to a lesser extent, football and basketball and other football) trading cards and has been since before MtG was even a glimmer in some motherfuckers eye. I don't think this is a real problem. It may come as a surprise to you, but when laws change, previous legal decisions based on the prior law may no longer be good precedent for future legal decisions. That's really what the trading card folks are scared of. That changes to the law as a result of video game lootboxes will make their business illegal.
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Nov 15, 2022 00:10
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Help me budget this my family is starving. Spend less money on Legos. No.
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Nov 15, 2022 00:37
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Looks like FTX contagion is getting into full swing as more crypto exchanges are locking people's accounts to prevent them from withdrawing everything. Turns out a lot of exchanges might rely on their customers account balances to avoid insolvency.
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Nov 15, 2022 00:48
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Super-NintendoUser posted:One of the main issues was that the lootboxes didn't have published percentage rates. Do trading card manufacturers publish that data on the cards? yes. i don't have a wrapper handy but for almost all mtg packs now on the pack it tells you probabilities for pulling the more rare cards (rare+mythics).
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Nov 15, 2022 02:12
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The junk collector posted:Looks like FTX contagion is getting into full swing as more crypto exchanges are locking people's accounts to prevent them from withdrawing everything. Turns out a lot of exchanges might rely on their customers account balances to avoid insolvency. Truly, a blessed outcome. Here’s hoping they all get taken for a ride.
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Nov 15, 2022 03:16
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Phanatic posted:Help me budget this my family is starving. For the curious: it’s a long form article about a south Korean local government defaulting on their bonds. Worth reading.
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Nov 15, 2022 03:27
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rufius posted:Truly, a blessed outcome. Here’s hoping they all get taken for a ride. Truly the most wonderful time of the year!
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Nov 15, 2022 03:32
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 edit: link drk fucked around with this message at 04:45 on Nov 15, 2022 |
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Nov 15, 2022 04:42
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| # ? Jun 6, 2024 19:08 |
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https://twitter.com/qtrresearch/status/1592350023328894976
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Nov 15, 2022 05:12
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