So, we’ve worked, invested, and partnered with a couple of crypto projects here, and at times, these projects may end up mismanaging funds — leading to everything going to waste.
That is why I have reservations or second thoughts about investing in projects being offered without first presenting projects that the team developed in the past; they have to show their capability and character first.
In most cases, I noticed that new project owners fail to manage funds properly because it’s investors' money and they didn't work to earn it, therefore they spend it extravagantly.
Lack of responsibility, they can just pull the plug or do an exit scam. If you funded it with your own money, you will save every penny and try to make it work. its better for investors to just invest in a working model than just a blueprint.
The
Galactic Milieu from time to time surveys the free open source online multiplayer game landscape for games to test precisely because it does indeed seem to make a lot of sense to invest in working models.
Basically we find free open source online multiplayer games that actually work, sometimes making a few minor fixes to get them working, and play-test them to figure out whether, and if so how, they can fit into the "metagame" that is the Galactic Milieu.
Some of these core games have been in active development for well over a decade, some maybe even for a plurality of decades.
Thus there is often a large span of time over which the capability and character of the development teams can be surveyed.
Favouring free open source tends to mean the developers have indeed "saved every penny", often over many many years.
In addition, for those that have been actively developed for many many years it is clear from that very fact that they are games with a dedicated following, albeit the followers' culture might in some instances provide some pushback against monetisation.
For several years it had seemed that
DeVCoin would or should be the department to handle any funding that might turn out to be necessary or useful to motivate such teams to include into their standard releases any minor (or ultimately potentially even relatively major) modifications or options that might make sewing their game into the overall Milieu easier, simpler, more efficient or whatever.
But as it turned out, DeVCoin has still to this day failed to fulfill that hope or vision.
However, the Galactic Milieu has all along incorporated a funds accumulation component variously known as General (or Galactic) Hosting (or Holding) Corp, GHC.
GHC is a game asset designed to implement a self-funding mechanism by means of which "civilisations" within the game can drive the eventual deployment of, ultimately, immersive 3-D renderings / interfaces of the Galactic Milieu.
Essentially how it operates is that "civilisations" pay monthly hosting fees designed to theoretically suffice for 3-D representations initially along the lines of OpenSimulator, but such representations are not currently actually deployed.
The fact that such deployments are not actually in effect permits the hosting fees paid to accumulate in the GHC Corp, of which all civilisations must own at least one "share" and of which no entities other than civilisations may own any of its "shares".
By accumulating these fees within the Corp, the calculated value per share of the Corp increases, being calculated as the total value of its official "treasury", in which these fees in excess of actual hosting costs accumulate, divided by the number of shares minted (one million).
The "shares" of GHC also serve as "collateral" for the Civilisations, enabling the hosting fees to be billed to a credit-account at start of month, using the standard debt-processing used by other components of the Milieu (such as the Finance Corps), which accrues hourly (in
Planet Known as Earth time, not in-game time) compounding interest.
It is of course important, as ever, to constantly remind everyone that these Corps and their so-called "shares" are game assets, which although they necessarily function within the game in much the same way as items of the same name function on the planet known as Earth, and thus within the game probably count as simulations of so called "securities" just as other components of the game are simulations of various other items and economy-components necessary to the simulation of economies and economics, here on the Planet Known As Earth they of course should not in any way be construed as being securities... although potentially perhaps some future time when and if the simulation as "proof of concept" proves successful it might not-inconceivably become feasible to launch an "actuality" corresponding to what is in the game simulated.
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MarkM-
