Topic: Filipinos Playing crypto games for a living - Developer even says it is gambling - page 8. (Read 1650 times)

These video game producers might be using this medium as a strategy to advertise the product. These rewards will make the game popular and attract more players. It is not a bad idea if these tokens are worth some amount. But it will be a total waste of time, energy, and resources if after accumulating these coins, it will end up in your wallet because it has no value.


Anybody who resigns from his job, because he wants to engage in computer games and earn some altcoins might regret it. These coins don't stand the test of time so they become worthless within a short period. People might claim that they made a lot of money at the beginning but as the game gets popular there are possibilities that it will become less profitable. Things like this are better seen as a side hustle or as a hobby because they don't have a future. I wouldn't resign from my job because I want to gather some shitcoins.

After Axie, we have this new one. Thanks for sharing, @rdbase. I'm in the same country, but I didn't know about this game. When I checked the video you shared, it was only published three days ago, so this one is still fresh. You know, when you are one of the early players, you'll likely enjoy greater benefits.

I have a lot of friends who are still unemployed now. Maybe they can use this as a way to survive in tough times. Some people may say that playing longer hours on the internet is not healthy, but this is better than working longer hours for a small salary. It's just a matter of choice, in my opinion. For those who love to play games, they will not feel the burden of playing games because they'll have fun.

There's this saying that, when you are faced with a situation, you need to ask yourself what you really stand for. There are still a lot of crypto-smart enthusiasts in  Philippines, and they already know the risks of cryptocurrency and how they can mitigate them with any little opportunity they get. If this casino video game really pays off well to play, then players can just exchange the token for their currency after earning some of the token. For those who want to hold the token for a long time so that they can make extra income if the token pumps, they can convert it to Bitcoin if there is any doubt that the earned token will fall. 

We've been doing this ten years ago since the heyday of Dota, and Cryptocurrency does not yet exist. Gamers upgrade accounts so they can sell them through personal dealing, so it's no wonder that people here will look for games that they can play to upgrade their accounts and sell them using Cryptocurrency.

The invention of the Android phone it makes it easy for Filipinos to engage in this kind of game because the majority of Filipinos have phones and are looking for ways to make money on the internet: we should have to look on the success of Axie here in this part of the world.

It's not as bad as in Indonesia, though, since people here don't play P2E games but outright mainstream slots and online casino games. Yeah, unemployment and low salaries are the main causes of this problem. Since you guys have PAGCOR and gambling is legal, gambling isn't really a hot topic in the media, but I think the gambling market is also big there.

Anyway, I saw that lots of people in the video are actually streamers, so I have no problem with that, and it might be a good idea to be a streamer rather than working in the field. They only take what's available to them and shouldn't be looked down upon.

My Defi Pet, Plants versus Undead, Mir4, and now Night Crows which is also made by WeMade the same developer of Mir4.

All this had been the games which I know have a lot of Filipinos who played the game. I am one of them and I made some good money with them.
An example is in Plants versus Undead, since I was an early player I got to take advantage of the high value of the coin they made and I even got the chance to sell 1 PVU:$20. I invested $30 and I exited with $800. It's not over, I forced my wife to play the game too, and made almost the same as I did.
In Mir4 it's different, I can sell my gold (inside currency) to cash by negotiating person to person. Gcash was always the mode of payment and most buyers are also Filipino. I didn't calculate how much I made but I can estimate up to $600 maybe.
Then I sold my character using the "turn to NFT" feature for $120. The value went down ever since bots came.

So yes, it can be a way to make money but as a daily living, I don't think so unless you have a computer shop that can make multiple accounts. But I will still worry about the electric bill afterward.

From what you said OP I don't see it as a bad idea or something bad to take advantage of to earn funds in order to take care of one's family since there is high rate of poverty in the country. If these video games can give one a huge amount of money which he can use to build a house, I must say that it is manners from heaven and folks should not let this opportunity pass them by.

It is good that if they get paid in cryptocurrency they should convert it instantly to avoid the price drop when they are still with the coin. I could remember few months back where I go in my environment, I see people stay focus with their phones playing a game that it is easy for you to understand the concept and start cashing out. The furniture guy close to my house was the one that gave me a little hint about the game.

I can relate with what your country is going through and I’m sorry to say but my country is also going through same shit and there is nothing the government is doing about it but rather it seems the government are even the ones inflicting these pains which is bad.
There was a time I was talking to my friend about what the hope of the common man would have been if not for internet and its opportunities it presents and everyday I’m always grateful for the internet and it’s opportunities.
“If the game is bad, we don’t care as long as it brings money” this statement is actually coming from a point of anger and I wish the government looks into how to improve the lives of its youths and citizens

At the time I was playing Axie Infinity, I had 2 accounts, one that I played on myself, and another that I shared with a Filipino player, and it was the first time I had direct contact with someone from the country
He said at the time that the money, even though he shared the winnings with me, was very good
These games and cryptos are incredible ways for people to earn an income in dollars or BTC and perhaps start a career on the web3 or starting to deal with cryptos

However, I have to say that I disagree that all this is a form of gambling. As it's a fairly new way of making money, many people may consider it gambling or, due to a lack of information, people think we're betting money, but it's not true
There is volatility and the ups and downs of projects like Axie Infinity, Pixel etc, but it's not gambling

That is one of the reasons why games like axie infinity Has become such a boom the Filipino people is because it is a game and then it is possible that you would earn. It has been a really big boom when it was at its peak and a lot of people have been resigning from their jobs just to do it. I’m not sure if they regret it though because it wasn’t that long when it died down.

I think This serves as an impact With the Play to earn and games to the Filipino people. I am not sure though how it affects people in the long run because we all know that Financial stability wouldn’t come from that. Unless the person is really smart in investing.

As long as it works for them then we cannot question what they are doing. For sure they know it for themselves more than we're aware of it. Crypto games or P2E games have been a craze eversince Axie and others like Pegaxy, created many profit earning opportunities for its players and up until now, there are still games which generates profit to its players. However, I cannot agree to the idea that it is similar with gambling. First of all, it is an investment; engaging an amount with expectancy of profit by means of managing or utilizing the asset. Second is being able yo contribute to profit chances by means of hard work and consistency. Last is with consequences wherein in these games, it is in your hands. You may take an exit the moment you want it to unlike with gambling wherein once you placed it, the only thing you could do is to hope for bright outcome.

The only idea which binds investment to gambling is risk however, in almost anything involving money, such thing is present.

We are from the same country, and yes, so many people are like this in our country. We have a very high unemployment rate, the minimum wage is not enough to feed a family of four, and the inflation is very high, so we will take whatever the internet offers.

As one guy in the video summarized, even if the game is bad, we will still take it because there is money to be made; that guy, instead of tilling their farm, opted to sell an online farm to online buyers.

So instead of looking for jobs or studying, many young people choose this kind of job even to the point of working 12 hours daily; they can earn three times what the average worker is working at the same hours.
The country made headlines in the Axie Games so this is not surprising at all.

Seen a video released recently about how the video game industry had been trying to reinvent itself by offering a reward in the form of cryptocurrency for those who choose to play their games.

Now this is not new and I remember how people were saying they were playing a very well known title of these play-to-earn video games in exchange for cryptocurrency called Axie Infinity.
Where some were playing for extended amounts of time and claimed they had made enough to afford a modest house where they reside.

This was more so for those players of these crypto-games who hail from the Philippines.

But times have changed since then and from what I remember the coin from those earlier games had dropped significantly. And these games such as the one fore mentioned had fallen off and not as popular as it was before due to the drop in in price.

But now there are a new batch of games that those developers want to pay players to play once again.

So here is the video report on this phenomenon making the rounds once more in the land of the Philippines where playing a game can make you enough in riches so to make a living?
You can decide for yourself if this statement has any truth to it or if those companies are just taking advantage of the situation to the impoverished who do not have stable work.

Playing crypto games for a living: Filipinos seek to escape poverty
"Can you make a living from playing video games? Millions of Filipinos who earn cryptocurrency playing online games seem to think so. Players earn tokens they then trade in a virtual market for pesos or dollars. They can earn up to twice the minimum wage – an irresistible prospect for young Filipinos hoping to escape poverty. But cryptocurrencies are also extremely volatile. Their value in the Philippines is estimated at $7 billion, but they can collapse at a moment’s notice. Our team on the ground reports."


source from France24 a public broadcast service:
https://www.youtube.com/watch?v=2Q0-n8WHlwI