Is Earth.2.0 just a Massive Scam | Analyzed by an Accountant

[@Eeveee2]

Thoughts on the Dev livestream? They didn't want it to blow up so it gives more time for development. Then the question loops back to why even release phase 1 if they're not finished with the game. Anywho, only invest in what you're willing to lose.

[@Notjimmymaio]

I saw a bit of the livestream and I think it calmed a lot of people down. I am giving them the benefits of the doubt as of now, but if this does end in a Ponzi scheme, all of them will go to jail for a long time

[@muskamattadorres1696]

Releasing phase one is the easiest way for the company to keep themselves fed and running without relying on investors/angels/outsource funds - but nevertheless very suspicious...

[@themattrodriguez]

Watch the devs livestream.

[@nokiabaawantentees]

Do you have any link about it?

[@coldcold8988]

Pi active 24 DritroJR

[@moblife11]

This is the most genius legal heist ever! I'm impressed. Absolutely genius

[@paulpietras6911]

You think this is legal? LOL

[@cletusscape8502]

@@paulpietras6911 it’s completely legal

[@paulpietras6911]

@@cletusscape8502 if they shut down the website and run with everyone’s money, then yes, it IS illegal. Just because you say you “have the right” in the terms of service, doesn’t mean the terms of service themselves aren’t illegally worded. Same thing with contracts, any judge is going to look into the actual terms and come to the conclusion if they’re fair or completely 1 sided, which would be illegal

[@cletusscape8502]

@@paulpietras6911 you put way too much hope in our lovely justice system. It’s never stated to be an investment in terms and conditions. That’s like saying you’re going to sue a video game because you didn’t get the skin you wanted in a loot box. You accepted terms and conditions by creating an account. You knew the risks. You still decided to fork over money for a virtual entity.

[@2hotflavored666]

@@cletusscape8502 You're way too pessimistic in your legal system.

[@Leebftw]

I find it funny, people pretending to own other peoples land online

[@AuthorityCat]

lol

[@paradice9920]

They own the land. They are not pretending, lol. It's a virtual game world not real life idiot.

[@paradice9920]

@@user-gk1mp1zk7n Maybe you are slow.

[@user-gk1mp1zk7n]

@@paradice9920 oh sorry I misread it

[@cydneywright2623]

@@paradice9920 yeah but the virtual land is real life land and if I bought land on my computer I do not actually own it in real life logic my man

[@tedb9753]

Under Australian Consumer Law, pyramid schemes are illegal and there can be fines of up to $220,000 for anyone who takes part in the scheme or encourages other people to join.

[@KentaFPS]

this is very simple, you just send your money to the devs then the thing you get is just a piece of photo of an area 😂

[@littyagain]

It's just donating money basically 😝

[@mhelbz_1017]

just like buying bitcoin..

[@emiliocus2560]

@@mhelbz_1017 you are in over your head if you think this is the same as bitcoin

[@lvstrikers7862]

@@mhelbz_1017 not at all like bitcoin lol

[@TobiasTheWolf]

It’s like a crappy NFT

[@natecw4164]

"How do they make money?" Proceeds to pay conmen $20 out of curiosity.

[@bignosebrett1521]

Doing it for your benefit , until you test something you can’t know what is going on

[@mhelbz_1017]

at the very first launch of the game, i bought some of key locations of every developed countries i know (some are already bought at the very first seconds of launch like the "white house", those guys are lightning fast) .. spending all at $500+, my money value now there whops now into $163,000 .. guess what? I can't even withdraw a single dollar out or this fucking flatform

[@BarsxST]

you do know that this is only phase 1 of the game right

[@spitzrb5376]

lol you got scammed

[@christianwillis7668]

So wait he made a good comment whats up? anyone know how he can withdrawal whether it be after the game launches, or just passive income such as income/property tax, resources or just sell land for credits..?

[@stopthevoicesinmyhead]

have u withrdawn it now? its now way easier to do so, idk about a big money like u have, but I did withdraw 200$ last week

[@zeyroxx4525]

Do you still cant take your cash out ?

[@Dumitaz]

I was watching and every video starts seriously talking about a possible scam and end with "and remember to use my code" ...

[@ayodejiabraham7296]

Best thing to do is heavy research. I’m going to pay researchers to do that for me

[@rawwad]

yeah, exactly, .... but! here is my code in case, feel free to use it 2GHXF5AC4U :D, thanks, give me yours guys nad I will use it, I dont have friends

[@wairrior]

at leat they don't say it's great. buy at your own risk, nothing wrong with that

[@mx9917]

Earth2 idea on a decentralised block chain would be more attractive.

[@jonnyblanka]

In the mean time, nothing stopping people from investing in blockchain gaming companies like Enjin, Decentraland and Sandbox who have teamed up with some big names already like Atari and Microsoft themselves, all on the blockchain and being decentralised.. you can also buy LAND on Sandbox in a completely decentralised way!

[@Ekronberg18]

Checkout ovr.ai

[@user-gk1mp1zk7n]

@Andrew Chase go away bot

[@davidfordyoyoguy]

And people call me crazy for buying crypto... THIS is crazy.

[@sylvainh2o]

yeah theres a lot of those Crypto Games schemes launching every months!

[@kelvinfumo4576]

There no such thing as scarcity of land in a virtual world, simple economics people are buying the pieces of land in hope that some day people will join the game and pay them for staying in their land, or hoping that the demand rises above the supply levels, but here's the catch earth.io can just copy and paste the modules and run another server with another Manhattan and other cities, so there will be infinite supply of land and you'll have to lower the prices that you're selling your land for, given the infinitely number of people that will also be selling the exact piece of land as yours. There's so much technical aspects to this, and I wonder if this so called "virtual world" will ever see the light of day, its been more than a year and still on phase 1 seems pretty sketchy to me.

[@frankdrebin2343]

how can anyone call this a "game"? There is only one move you can make -- give the developers your money. It's like a micro transaction-only app with no game aspect.

[@frankdrebin2343]

@@tinomorgenstern3430 maybe you should let the people who are promoting this "game" know this. Every single video/promo says that buying the tiles are "investments" not donations. They tell you that you need to buy these tiles now so that you can resell them later on. They need to be clear with their intentions... but that might expose the scam.

[@nadimboulos3180]

Phase two is coming out soon. Plus people spend money on virtual stuff all the time while only getting virtual tokens in return. Minecraft, fortnight, etc. Earth 2.Io is trying to be the next big virtual reality game, this is still to be seen. So far it doesn’t seem to be a scheme

[@brennanplante2779]

Because it was literally just created?

[@rienkruben2569]

they are working on it to make it more like a game so announces are that there is coming transportation, 3d world, resources and maybye in the future that you can build like your own state and if all these updates will happen it gonna be more game likely

[@Alex-ec1lu]

that’s just phase 1

[@qrate.]

2:10 its not a bug, people Pump the land and drive the market selling Value up, but a empty tile is still worth the price that you bought it at, people use it to Scam people by selling their Tiles in that land below the Market Selling Value, even though a empty tile is still cheaper.

[@ShadowsFateOfficial]

The FBI is about to have a field day lol

[@declan99]

For those of you saying "oh no nothing to worry about here, you just haven't seen the full picture"... you need to be extremely careful because I think its more YOU that is completely uninformed. This is a game that is heavily built on finance and money to trade something that basically doesn't exist or mean anything at all. Whats more sketchy is that this company is not regulated by any government financial watchdog from any country at all, so this means your money is not protected and you have no rights to dispute a transaction if you lose your money. If you're pouring thousands of dollars into this game, you're playing with fire.

[@kennethl3773]

Sounds exactly like cryptocurrency when it just started =D

[@erscha521]

"If you're pouring thousands of dollars into this game, you're playing with fire." yeah, it's like buying fifa points on FIFA 21 Ultimate Team. So, i invest my dollars in earth2. Let's see what happens

[@ThePapercutsful]

I would simplify this scheme by presenting my case. I bought a piece of land on the market for 6 dollars, but the price of that piece of land determined by the game was 10 dollars, so my "net worth" after purchase jumped from 6 to 10 dollars. Crazy, right? Then I put that piece of land for sale for 5 dollars, and guess what, nobody bought it from me yet. In the meantime the price of the land went up, and now I am worth 11 dollars even though I can't sell it for 5.

[@Notjimmymaio]

This is perfect! And anyone who buys new land on the platform are automatically put at a 30 to 70% loss right now since no one is going to your land at the video game price

[@mrgrey91]

"Your" case literally applies to everyone selling tiles on the market place...

[@ThePapercutsful]

@@mrgrey91 I wasn't saying my case was special but the main problem is that most of the players still didn't try to sell their land because they see this crazy fake growth so they they think they are getting richer and richer every day... They are not aware that they can not cash out.

[@mrgrey91]

@@ThePapercutsful Yeah okay I see what you mean and kinf of agree, however I already did a successful cash out that was based on my LIT :-)

[@TheWin.finance]

This is exactly what's happening to me. My $300 investment is now $900 but that means nothing because I've had something for sale on the market for weeks, for LESS than what it's worth, and sell it to save my life. :)

[@johndoe69420]

Just the fact that the market is oversaturated with people trying to cash out, and the artificial inflation should tell you that even if E2 isn't a scam, you're NEVER going to get your money back.

[@galant56k1]

We just evicted the owner of this company from a rental property. It was very drawn out. And the property was left in absolute filth

[@jonathanschupp4900]

Lol no the fuck it’s not

[@floridastyleflips8996]

I doubt you evicted anyone from the development team seeing as they are already rich douche bag

[@EliteExpat]

Any proof?

[@floridastyleflips8996]

@@EliteExpat not at all lol

[@billmarek39]

Great Analysis - And if you invested, let's hope the R&D teams are for real!!

[@SergioVarela]

Don't forget that they are also promising an stupidly impossible VR game of all the world.

[@nokiabaawantentees]

What? It ain't possible duh!

[@c3sxxzxxz726]

@@nokiabaawantentees It is possible on a 100 years from now but today? bullshit maybe Street view?

[@nokiabaawantentees]

@@c3sxxzxxz726 ikr

[@frankdrebin2343]

obvious scam. please do not give them money unless you like the feeling of wasting money.

[@Konzoh]

I was in in November 5th (the 2nd day) I put in $800 and have withdrawn to my BANK over $13,000 and counting. There is a lot of bad information in this video, but some things I do agree with. You saying withdraws haven’t been payed out for “months” is very wrong because they’ve only had a withdraw system since December. The company was also registered in 2018.... not a couple months ago. Please do more research.

[@Notjimmymaio]

Yeah that is my fault! I saw a comment from reddit and ran with it. And that is honestly amazing. It is changing money tbh. Put that into an index fund and apply margin and watch it grow. And yeah I will do a later video on this and redo anything that wasn't entirely factual.

[@Konzoh]

@@Notjimmymaio there are a lot of facts out there about it, some info is harder to find then others, obviously me being in since basically day 1 I know quite a bit, but you do get good views so having accurate good info would be ideal for the people that do watch your videos. Appreciate the comment back. Looking forward to the follow up!

[@jc9140]

@@Konzoh why are you defending so much this platform? If people say it's a scam, let them do it, unless you're trying to make people think it isn't so you can profit from more suckers, until someone at the end loses everything. It's a pump and dump scheme called ponzi scheme, but what can I say... There's always a sucker born every minute.

[@Konzoh]

@@jc9140 this was a month ago why would you even reply lmfao I didn’t read a word you just said

[@floridastyleflips8996]

@@jc9140 I love when idiots think they know what they are talking about lol, you are dumb af

[@kolecava]

TOS acceptance does not get you out of fraud charges.

[@nokiabaawantentees]

Fr?

[@kolecava]

@@nokiabaawantentees nein SVK/GB

[@nokiabaawantentees]

@@kolecava what?

[@moonfly1]

What is the actual game outside of just buying and selling 10m squares?

[@danobra]

That's the game

[@moonfly1]

@@danobra what's with the graphics showcase then, where they're talking about things running in real time etc.

[@papapawpaw8877]

Not a damn thing lol

[@danobra]

@@moonfly1 that's just to trick people into thinking that there will be something else eventually

[@turbofjes2021]

@@moonfly1 That's only to make people want to pay for putting their name on a bad Google Earth clone lol

[@MiikaWasHere]

If Rockstar, Ubisoft & EA would combine their forces and would say that they will make Ready Player One a reality? I've seen Earth2 advertisements stating that to be their goal. Like 2099 goal? Would you believe that even them would have the resources to do it? Now when you buy a "location/tile" where there's a stadium... Who in their right mind believes that there will one day be any kind of a 3D version of a stadium that would 1. look cool 2. be usable. The fact that the prices of these tiles are valued based on a location.... Who ever says Earth2 isn't dangerous....

[@MrToucan]

I was sceptical at first, and I'm still sceptical. I put in my money, and I withdrew the money as well, which is on my bank account now. It look like a scam, and I'm still not 100% convinced it isn't, but my experience has been good so far

[@silentfishy]

I am trying to withdraw but i cant sell my land can you help me i feel like it is a scam

[@MrToucan]

@@silentfishy you gotta sell under market value, 30% under the market is about right. Then you wait. Real users need to buy your land

[@Notjimmymaio]

Ooof that means their pricing model is overestimating land value. I hope they fix that soon

[@silentfishy]

@@MrToucan i am selling only 5% below because i dont want to lose money

[@silentfishy]

@@MrToucan and btw do i need to have 50 dollars in my acc to withdraw?

[@ExpanderDJ]

Thank you for sharing your insight, analysis, and first hand experience. Once again proves that there is no such thing as free money.

[@cryptojunk5173]

I think it's important to remember that this is just a game. You are basically buying your place in a video game, if in fact it becomes that. Hopefully these guys who have put their names and faces out there at this point aren't going to scam the 350k+ users that have bought into this as they probably won't get far without someone catching up with them. Time will tell.

[@Deadener]

Many Ponzi schemes start out as legitimate business ventures. In fact, the scheme of the "Ponzi" namesake, started off legit. The fact that they don't have a clear vision for the game, and released a vaporware investment market first, before even a smidgen of gameplay was presented, is very telling. The infinite scope of the project 100% dooms it to failure. It's only a matter of time before this collapses, and the devs flee in panic.

[@brandonkelbe]

You just described a bank using USD. Things only have value if people GIVE them value.

[@billpaloukas]

pet rock

[@pokenutzz4204]

Everyone has 20-50 bucks to throw away. Do and then forget about until a year and then invest more or not

[@1JGP1]

That's exactly what they may want. $20/50 here - there - everywhere... That's a get rich plan if I've ever heard of one... Have you bought your virtual land yet?

[@pokenutzz4204]

@@1JGP1 yeah plenty

[@jsmith5322]

i would go the latter and say its a scam........if it takes hurdles to get your money after much hassle, it sounds like they are paying off those who shout too much in order the rest dont panic and take their money too?! so what does that suggest.........put money in, but zero apparent facility to extract the said monies?!

[@BlueEliteNL]

If a Ponzi becomes very very popular to the point the owners would get richer it being a legit business, could it change from a ponzi to legit? If at least the current numbers are legit. Because I think it could be a ponzi, but I also see this being very attractive to everyone

[@Notjimmymaio]

Yeah it can go either way. The very first Ponzi Scheme was started by Charles Ponzi. He wanted to create a legit business but realized later that it was impossible since he promised too much returns to his customers. E2 does not directly promise returns but infer value in your land. It might look like your net worth is growing but you will almost never get that price in the marketplace. The problem with E2 is that credit > actual money on the platform, which can potentially led to them use your money to pay for someone else's withdrawal. The biggest red flag right now is that you have to beg for your money back from them. I cant say for sure what is going on and I honestly don't know but please be careful and don't invest what you cant afford to lose.

[@BlueEliteNL]

@@Notjimmymaio Thank you, very interesting! The fact that their team is so small makes it somewhat understandable their service is bad considering the amount of users. For now I'll see how things go, I see more people hyped than usual around me which but at the same time it could be a nasty fraud...

[@E2ITK]

@@Notjimmymaio I dont think saying you have to beg for your money is a fair assessment, growing pains and a boom have caused an influx to the devs and its been hard to keep up. Changes are being made to address these things, None of these guys want to go to prison for decades.

[@WoWXavis]

well, a question about an investment also should be: what is the value of the investment (Besides the Chance of rising prices)? In this case, you ultimatively have a piece of in game land in a (not even developed) game. So it all depends on people playing the game in the end. No real yield (besides that few "taxes") whatsover. You basically gamble on a game to be successfull (so whether people like it or not) in the future, without even knowing how it's going to be? Not even worth 10 Bucks to put in. Just get some gaming Stocks like Nvidia or CD Project

[@raytvmy]

your voice sound like the guy behind those scary videos on youtube. are you that real slim shady?

[@Notjimmymaio]

Yes

[@raytvmy]

@@Notjimmymaio wow

[@bepisbepis9444]

@@Notjimmymaio why do you talk normal in this then, those other videos are unbearable. Or what you might say unBEAraBleeE.

[@randomark9161]

the fact you cant take the money out is a big red flag!

[@mikeyyge]

ofc you can take money out. what makes you think you cant?

[@nokiabaawantentees]

@@mikeyyge obviously the process

[@mikeyyge]

@@nokiabaawantentees it just takes some time to withdraw, it's still possible

[@nokiabaawantentees]

@@mikeyyge but no one has withdrawn shit yet. How does that make sense to you? Also the minimum withdrawal is 50 dollars that is too much. They're promising a virtual earth 2.0 that's just impossible. Period. Specially for a company that no one knows about. And why the hell would you release a game that's not complete yet? Obviously to buy time. To earn as much as they can before they get busted.

[@mikeyyge]

@@nokiabaawantentees Thats simply not true, a lot of people, including me, already withdrew money. A minimum withdrawal is, as far as i know, quite the industry standard, but i get your point 50$ seems like much and i guess it will be lowered in the following months. Important notice: i do not claim that this is not a scam, im just stating that the comment "the fact you cant take the money out is a huge red flag" is factually not correct Also your comment :"And why the hell would you release a game that's not complete yet? Obviously to buy time. " is utter nonsense with childishly simple world views and breaks the most basic rules of logic It is absolutly normal for developers to need financing. Sometimes via Kickstarter, somtimes via early access or now via the selling of virtual land. And not even that is something new. Star Citizen sells Spaceships for huge amount of money for a game thats not even closed to be finished Im not saying that this is not a scam. I also think that this is not the right project for someone who views it only as a investment. But I do say that the facts you present here that are supposed to prove that it is a scam are a composition of factually wrong or argumentative poor structure with no real value in deteremening the legitamacy of earth2.io

[@GuidebookGaming]

I stream Earth 2 every single day. We watched your video on our stream and I've got to be honest with you, there's almost no correct information here. I'd love to help you better understand what Earth 2 is. Maybe, you could even make a follow up video with more complete and accurate information. Let me know if you'd like to connect some time! :)

[@ALPHAwolf74gbXBOX]

What he said !! The prices fluctuate throughout each day hitting close to the top of the market top price, but this is momentarily, a few seconds in some cases to 10 -15 minutes in my experience. It all depends when you see the price, how long you monitor it for and how often you refresh your webpage. China currently is only around $4-5 a tile. I think you need to actually use and explore before you offer the incorrect info

[@AM-jx3zf]

why should anyone buy the land though? is it a game? it's only google map for now, and people like you are going crazy. it's def a pyramid scheme, as it basically trades "nothing" in exchange of money

[@akiraputra5925]

Say goodbye to your money~

[@TheMarkovs]

@@AM-jx3zf this. Unless this "game" turns into an actual game like Second Life or something, it's def a scam.

[@optimalchoptelevision]

@@TheMarkovs GTA with crypto economy 😎

[@trunkbitz9168]

6:47 who has 900k USD worth of land???

[@judepaul3570]

I tried withdrawing but they have not replied me and it has been 3 weeks

[@vrdrifter4933]

Any luck?

[@dawidmejza4925]

Any updates?

[@TheWin.finance]

And also, you have to pay Earth2 a cut to advertise the land you want to sell.

[@horseraceratings]

Just like estate agents or stockbrokers no different

[@leojenkins71]

maybe theyll make a way for it to be super hard basically impossible to sell your land on the marketplace so youre just stuck with the land forever but you dont worry that much because it is still going up in value but you'll never sell it to be able to withdraw it.

[@Notjimmymaio]

Yeah I thought about that too. It's weird that it's easy to deposit but hard to withdrawal. I know that can help boost and maintain land prices but I hope that is not their intention here.

[@SergioVarela]

That's exactly the scam.

[@E2ITK]

You make money off simply owning the land as well when the game launches via ad revenue and resources, that's if we get to that point lol. Fingers crossed I traded a tiny bit of my bitcoin for the start up capital so either way not losing anything out of pocket, but my fingers are crossed its a good investment

[@richb8452]

For fairness James Mayo, the comment you made a few days ago where you stated, "I will be honest. I was researching this project a bit further, and it actually looks much less dangerous than what I first thought. I think you are be fine in the long run!", should be pinned here

[@Notjimmymaio]

This is true but I don't want to promote or denounce the platform. I think it could be much less dangerous than I thought but you should still manage your risk! Only invest what you are willing to lose.

[@MiikaWasHere]

I've seen Earth2 ads where they are promising to make this an actual Ready Player One type of a virtual world. That alone makes me trust them 0%.

[@targatom]

We somehow gotta get more people to see this video. Like for real its important.

[@rovhalt6650]

They're not gonna listen.

[@ChooChoosGaming]

I bought $100 worth today and bought some places I like Irl haha. Rip my money 😅😂

[@abhaysaini9313]

Sane here 😂❤️

[@E2ITK]

Give it time for the project to develop. These guys dont want to go to prison and they have added some all stars to the team.

[@PadVirtualReality]

hahahahahahah At least you will be a proud owner of an imaginary land

[@tomedodson]

I heard the same negative crap from these people when I bought bitcoin and again with Tesla shares. Ofc it's a risk but then everything that has potential to make big bucks is.....

[@Cirbii]

@@tomedodson except those have actually safety measures behind it. in their literal tos they write that they have full control over everything in the game including your money. they can shut the game down tomorrow and you'll lose everything without being able to do anything about it.

[@CEO1986]

Earth 2 will make you rich in 2030. Roll the dice and pay the price!!!!

[@bogdan2051]

Thanks man. I invested in it, but i started to doubt. I was so blind. Really helpful and informative video.

[@TobiasTheWolf]

How much did you put in?

[@bogdan2051]

@@TobiasTheWolf Not much. Something like 5$. I only started and my hapiness, that I seen this video.

[@hunter4243]

I have experienced things like this before. Even after giving them all your personal info you are still denied withdrawal. This seems like an elaborate and complicated Ponzi scheme.

[@thumperhunts6250]

uses a pump and dump as an example?

[@Robin_0011]

Ya'll should really not invest a penny into this until phase 2 because it looks like a BIG scam altogether

[@hamiltonmoffat]

When is phase 2?

[@Robin_0011]

@@hamiltonmoffat God knows

[@Tangaliciouss]

@@hamiltonmoffat couple of weeks they stated on thier facebook page lmao cant wait for pvp to kick the asses of these "it's a scam" people when they hop aboard to play too instead of thinking this is limited just as a money map

[@Deadener]

@@Tangaliciouss It's been a lot more than a couple weeks. Nothing that even resembles a game has been shown. The proposed gameplay is supposed to make these plots valuable. The game they are talking about has no clear vision, and is infinite in scope. Any game developer can tell you what that means. It means your Ponzi scheme is going to collapse.

[@lemonybiscuits4824]

They charge you for withdrawing I believe, and take a cut from land sales. No money created from nothing, but might as well be since they control the horizontal and the vertical - the algorithm and the website. Interesting times indeed.

[@maxvondoussa5166]

Is there any way to get your money out

[@T1waveyy]

This is getting to be more believable as they’ve just released ‘in-game footage’ of phase 2. Mind you I haven’t even put any money in yet

[@SeaSwordForce]

dude its so obvious that its a scam, that "ingame" footage is all cheap unity assets.

[@Deadener]

"Oh man, they released a video showing some terrain months after releasing a vaporware investment market, first. No similar games have ever done this, but this totally seems like a legitimate video game." How can you be so dumb? Stop. Stop being dumb.

[@T1waveyy]

@@Deadener damn bro u have a bad day or smth? calm down

[@pauescude8574]

only one question hwo bought your bitcoin in 2009?

[@nbates80]

lol, you can throw that one liner to shill whatever scam you want to shill. In reality, BTC has and always had fundamental worth backing it. The only thing that it didn't have back in 2009 that it does have today is the "network effect" that makes it worth more and more. What is the fundamental behind earth2? What is the technology they are selling, what can you do with earth2 land besides buying it and selling it?

[@mrchordstriker]

It deals in USA currency only, and at this moment pay pal is not available. But one thousand from your bank is an option...and without a credit card I see no way to get it back. Major flags...especially the usd issue considering every country's coinage is in here. And why can't bitcoin be used???

[@865Ryan]

I have a couple hundred dollars invested, but thats low risk in my opinion. Im going into it more as an experiment. No risk = no reward, thats just life.

[@Notjimmymaio]

Exactly. There is no such thing as a free lunch and risk = reward

[@SergioVarela]

Risking your money is okay but not when you don't understand what's even happening. In this case, if you actually understood how bad this is, you wouldn't have bought into anything.

[@865Ryan]

@@SergioVarela 1. you dont know what I do or do not know. 2. A couple hundred dollars is nothing compared to what I invest in. Keep your negative attitude to yourself bud

[@SergioVarela]

@@865Ryan Identifying a clear scam and having a negative attitude are vastly different things. Have fun with your picture market scam.

[@865Ryan]

@@SergioVarela so what is it that makes you qualified to tell other people how to invest much less gamble? Are you just fiscally conservative with your money or what?

[@히오스를지키는사람]

I believe they reserve real money from 5% marketplace fee from the arbitrage, so like the bank in the real world they have ability to pay it back to player.

[@Notjimmymaio]

Yeah I think so too. The only issue I have right now is that the market price is almost always higher than the advertised price players sell for. This would slowly create a deficit if true

[@pinolungi6547]

The sudden huge increase of price of certain country is due to the sales on the marketolace

[@Notjimmymaio]

Very true but I also think the credits from the referral codes and the land income tax inflates land prices since it is virtual money created out of thin air used to buy more land. I still cannot say for sure if this is a scam or not since we need more information, but I hope its not tho tbh

[@pinolungi6547]

@@Notjimmymaio yeah me too, but It's also true that you can withdraw you credits when gets over 50$

[@Notjimmymaio]

@@pinolungi6547 Yeah once they fix the withdrawal process, I think more people would be receptive to this concept. And yeah I am sure some people just ended up taking their credit out too via a withdrawal

[@Dignanator]

@@Notjimmymaio They charge a 5% improvement fee on all sold land which outweighs the income tax.

[@herbrttorst6525]

My biggest problem with Earth2 is that it is back on nothing, it’s a digital commodity so can be created or destroyed any point. cryptocurrencys or even things like crypto kitties have value because they’re limited. Ps Love your content

[@_H__M_]

The count of tiles on earth 2 are limited by the surface of the earth. Otherwise I agree with you.

[@Dignanator]

You aren't just buying virtual land with nothing else backing it up. You are buying space in a VR platform for plans they have in the future. Their end goal is to have a self sustaining online economy where people can build on or rent out their properties. Imagine taking out your phone anywhere in the world and seeing what others built around you. Or perhaps you might see it on your google glasses! Imagine Pepsi paying you to have their virtual logo on your property. This is just speculation but theres a lot of potential here! Unlike bitcoin theres some real value backed in owning these tiles.

[@ongandersen]

im 18 from the ph and i do not promote e2 im any way but, i just put all my money from the art commissions i had last year which is 172USD. This year has been great so far for me and had a lot of commissions so im thinking of putting all of the 300+USD when UAE opens. i really want this to be successful, i just want to buy me a good laptop

[@mrbiggles8394]

There is SO MUCH information you left out. For example Dillon Seo (co-creator of Oculus) is a big part of the project.

[@munchie6346]

he is merely an advisor on the start-up. NOT an investor or on the board. Dillon is an advisor on many projects, Also.....was NOT a co-founder of Oculus He WAS the lead in sales for Asia market. BIG difference. They use his name to make it sound legit

[@brabus343]

He is not a fucking co creator, he only did promotion of it.

[@mntwinsfan3133]

The CEO of Oculus is also working with them which makes me feel only a little better

[@YOSOYALFA]

Yeah, and Robert Kiyosaki worked with Multi-Level Marleting or Pyramid scheme.

[@fedesartorato433]

T23CN8I16U

[@frankinsoc2028]

Source? Pretty sure that isn't true.

[@mrbiggles8394]

@@frankinsoc2028 Its true, Google it.

[@earth2mexico420]

@@frankinsoc2028 google Dillon Seo

[@abdullahisa2309]

4:18 what film is this?

[@Redcritxx]

snowden

[@rienkruben2569]

that why is should not invest everything but i like to take risk so i did a mini invest of 40 dollar bc on the start of bitcoin many people didnt trust it but look at it now so do a little invest like 40-100 dollar so you wont lose much and if it is real you are lucky

[@dseednorwayn47]

u didnt mangage to see the founder of occulus rift is in this? kinda a big deal

[@watchfreaks]

Bernie Madoff was kinda a big deal too 😆

[@EpikJasper]

The reason because withdrawls are slow because they have to be manually done and there are alot of withdrawls. sometimes multiple for 1 person

[@videodslrtutorial]

And why is it so easy to invest but so hard to take money out? They could have made the withdrawal processes a one-click thing. But they made it hard ON PURPOSE because they don’t want that people take money out.

[@lanecapps4462]

They called Bitcoin a scam... Now look who's laughing.

[@AntoninusPius100]

Nobody important

[@cristianpereyra6912]

bitcoin is decentralized. Every crypto is decentralized. This is more akin to creating a bank out of thin air, with its own currency and nothing to back it up

[@3sgamestudio]

wait. .they can out someone from the platform? how if it's allegedly on a blockchain? :)

[@Deadener]

It's not a blockchain, and they have no intentions of making it fully decentralized. All your "property" is stored on their server. They maintain complete control over the tiles.

[@3sgamestudio]

@@Deadener I know ;) Blockchain is a buzzword used freely by them when they feel like it.

[@Victor-my1hi]

Charles Ponzi is both proud of the progress, and envious that it wasn't his idea, he at least had to pay early investors, this s**t just gives you Earth bux :)))...

[@julianwilton6997]

Paypal need to pause payments and investigate. Imagine how much money the people running Earth2 have collected so far.

[@kalinrusev8294]

Let me know if some1 got withdrawd yet

[@ayemjake]

People are spending real sht here when you can just go to VR chat.. unbelievable

[@curtisleeyork1978]

Its all about timing. Things are moving fast right now. Get in, get out. Dont stay forever. I started with VERY little cash and have made a few paychecks off it already. And yes, i have withdrawn funds twice now. It did take around 10 days to complete the transactions though. People laughed at bitcoin too. It was .03 cents in 2012. Now its 31,000 bucks ! If you had invested 1 dollar, you wouldnt have to work anymore for the rest of your life. All for a dollar. Dont be scared to try new things. Just dont invest more then you are comfortable to lose. Its new. Its gonna take a little time. I suggest getting in and just treating it as a game. Like the auction house on Warcraft or any other MMO game. Buy 1 tile in USA and hold it. What can it hurt. All investments have risks. Just dont get left holding the bag. If you want an investment that you can totally ignore, buy land. Plain, simple, land. Its stable.

[@randomark9161]

yeah i think the initial prices seem fake, i looked up a very low demand land where none of the tiles around were owned yet the price seemed high.

[@randomark9161]

@Google Account i know that, but why the whole country has the same price? thats not how real land prices work.

[@Aurask]

I’m skeptical about it but I’m probably just going to invest a small amount like $50 or $100

[@Notjimmymaio]

Exactly! I think that is the perfect strategy

[@_infamoustonyfibonacci_7710]

Invest only what you do not care to lose. #stimmy money😋

[@rolloutthebarrel]

lol "invest"

[@DrBotNet1337]

@@rolloutthebarrel he means gamble 🤭

[@storyofthestock5462]

Under-rated creator 👍

[@Notjimmymaio]

ayyy

[@saltypopcorn1680]

agreed

[@melferium]

How do you see earth 2? Invest only what you can afford to lose. Some players can afford to spent thousands in the game to have advantages in the game (pay to win). Some players make money from the game (some of the game) by selling items, character and account to make money as their investment. Maybe I am wrong because I didn’t research well.

[@cristianpereyra6912]

you are wrong. There is no game

[@Kermit_E_Frog]

You're an accountant and you're saying this doesn't seem very dangerous?

[@davidbrett8712]

My accountant analyzed bitcoin at $100 and said it was a scam. This sounds like a video to push prices down so you can buy cheaper.

[@paulpietras6911]

Just because something is in “the terms of service”, doesn’t mean it’s legal or supersedes the law. Law > policy This shit is illegal af

[@alexzanderzwolf1733]

What’s the name of the movies that where in the video ?

[@Notjimmymaio]

I used a ton of different clips in this video but if you see any you like, let me know, and I can tell you the name

[@TobiasTheWolf]

Your better off purchasing some NFT artwork. At least then you can actually get your money back if you sell.

[@anawrassey1514]

I really connected with the way you explain in general......in my opinion ?....brilliant 👏

[@reactstobeasts]

Is real land purchase also a heist? You don't understand the world. They offer a second different virtual space connected to the real world. If you want to have it then you can purchase it. If not then don't purchase. That's a private decision and no heist. I am invested in earth2 because I want to open a virtual store in E2. What kind of heist is it if I get what I purchased? That's the next technological revolution people want to enable by micro-funding. So what is so wrong with this genius idea? Please check the persons behind this brilliant idea. These guys don't do this only for money. They think bigger than that.

[@giel3225]

I put 50 dollars in it then i saw your video but i dont think it is a scam but i understand that you think it is but the think is selling your land is not great i agree but its more likely they get updates in a few weeks or months where you can make money out but we will see but i see your point of too easy buying land

[@vladreinheart8111]

Great analysis

[@gautehenriksen6372]

Can you make a video about the Pi Network? I belive its a scam, but what do you think?

[@Notjimmymaio]

I just heard about it yesterday from another commenter but I will look into it for you guys

[@ogstef]

Its 110% a scam, I regret spending time on it.

[@cabodiegobarbosa]

@@ogstef , hi, what do u mean Scam? I am from Brazil, I am spending some time only farming on it...

[@justjamie4971]

It’s had a crazy explosions of users. Withdrawal requests are slow due to demand

[@Notjimmymaio]

Yeah I hope that is the case too. This would fit the narrative pretty well and would explain much of the friction with getting money out

[@justjamie4971]

@@Notjimmymaio fingers crossed mate. Anyone who is investing at this stage should be prepared to loose money regardless

[@Notjimmymaio]

@@justjamie4971 For sure! High risk high return. I just hope people don’t mortgage out their homes to invest or anything ( but I’m sure some still will tho)

[@justjamie4971]

@@Notjimmymaio 100% 😂😂 maybe if we start seeing some hard investment from advertising agency’s etc down the line we can take it a bit more seriously! An app would be ideal sometime soon 😂🧐

[@SergioVarela]

They are clearly making it more difficult to withdraw on purpose. It's clear by how you have to email them directly.

[@harshakjungbasnet8564]

Thats means in the land which is under my name for real u can still buy it in earth2 , however u cannot stay in it or build house..... 😀

[@videodslrtutorial]

You basically buy a piece of nothing.

[@onepiecebarca]

What if you don't plan to sell it, hoping you will own that land when the vr game launches?

[@MCHuang]

That would be cool, but is there actually some sort of game that is being made on this?

[@jebbaz]

Unfortunately this too is a misleading representation of the platform, some quick checks show China is not, nor has ever been close to being valued at 30USD per tile. The price in France was not a glitch, that value is scaled off the Market - i.e someone has sold land in that country for that amount recently, this is true for the economy as a whole, people have the option of paying more for something than it is actually worth. Almost every other point in this video also holds true for any other form of monetary investment.

[@serafal211]

Interesting points you make but most of them are already proven false for example the theory that they can change the prices how much they want that is true, they could do that. But the costs for a tile is calculated trough P= 0.1e^(x) where x is the amount of tiles sold in a given country. For example america sold 591659 tiles it means P= 0.1e^(5.91659) = 36.77. And when america has sold 690k tiles P= 0.1e^(6.9) = 99.22 meaning 1 tile costs 99.22 which should be correct. This function proves true for nearly every country not including pump and dumps ;)

[@Notjimmymaio]

I don't think it's a pump and dump but the game algorithm provides misleading returns to the users. Most players get a fraction of what the game prices their land for and buying new land will immediately set you up at a 20% to 50% loss

[@lrmcatspaw1]

Wait till these people hear that I already conqured the earth in singleplayer. For the 30 bucks I paid for the game.

[@67Z67]

and why is depositing easier than withdrawing it? some will never see their money again as long as no buyer can be found! It's a trick by this organization to keep the money.

[@jackfiguly6112]

dw i sold my land and have been waiting for almost a month for my fuckin money to come in my bank account

[@giannivandenbosch7864]

One rule that helps BUY MONUMENTS AND DONT BUY A WHOLE BUILDING AT ONCE BUT SMALL PIECES TO SELL IT EASIER

[@dj_musha]

And I recommend that you also have a piece in places that have materials, because materials and loot may be a key part in the game. A good one is Ethiopia, in the mines, it is cheap for a square

[@giannivandenbosch7864]

Why their money takes a while; its done manually

[@karlgao698]

good work! gave a sub

[@nicolaasbeets142]

Has anyone had trouble with withdrawing their money? Is it a scam?

[@vulware5381]

It’s not

[@vulware5381]

It takes a few days, and it has to be over 50 bucks, but no, it’s not a scam

[@Deadener]

Lots of people are having problems withdrawing their money. Some have been waiting months, at this point.

[@declans6190]

So I’m ducked in other words I live in the uk and if I can’t withdraw it through PayPal then I’ve lost my money

[@itssitcomstupid]

You have to take those extra steps to email them to get your money

[@declans6190]

@@itssitcomstupid but I can’t receive usd in to a British bank account

[@itssitcomstupid]

@@declans6190 oh wow. Im not entirely sure then. I would assume it would work for all fiat currencies. Maybe ask people in the reddit community or discord.

[@declans6190]

@@itssitcomstupid ye no worries mate

[@kai2947]

@@declans6190 I think u only have to pay extra fees to get usd in gbp

[@msul78]

Great investigation dude, kudos!

Masterful video. Thank you so much.