EGS

Redditmau5

I disagree I think Steam has a soft monopoly in the PC space mainly cuz they got in first. I mean GOG is DRM free, which is the most pro consumer thing you can do, yet people don’t want to use it. EGS charges devs like 1/3 less than Steam does, which is the most pro dev thing you can do, yet people would rather use Steam cuz that’s where everyone already built their whole library.

Coakis

Gamers only use epic for free games and Fortnite, if their earnings are anything to go by, EGS is unsustainable long term.

Maleficent_Plankton

This actually has nothing to do with Fortnite other than these 20 games are being published on EGS. So no, it won't affect Bricks at all.

oscar_the_couch

>Enron didn’t “invent” this; I didn't say they invented it; I said it was a novelty in their specific industry at the time. I'll just quote the Senate report that says the same thing: >By letter dated June 11, 1991, Enron notified the SEC’s Office of Chief Accountant of its intent to use ‘‘mark-to-market’’ accounting to record the natural gas trades of its newly formed subsidiary, Enron Gas Services (EGS).140 Using mark-to-market accounting meant that when EGS entered into a natural gas contract, 141 **it would book the present value of all future profits from that contract at the time the contract was signed, in contrast to traditional accounting methods that would have required that the company spread out the recognition of revenue over the life of the contract.** Any changes in the value of the contract once it had been recorded on EGS’s books—and the contracts were required to be revalued quarterly—would, under mark-to-market principles, be reflected as subsequent increases or decreases in revenue on the company’s income statement.142 EGS’s accounting, moreover, would carry over onto Enron’s consolidated balance sheet. >Enron sought a so-called ‘‘no-objection’’ letter from SEC staff. Such a letter would tell Enron that SEC staff would not object to Enron’s proposed change in accounting. At the time Enron requested the no-objection letter, it was unusual for pipeline companies or others outside the financial industry to use mark-to-market accounting. Enron, however, argued that EGS was essentially a commodity trading business and that mark-to-market accounting was common in such businesses. ... >At the time EGS changed its accounting methods, the switch to mark-to-market accounting was unusual and was seen by many as an aggressive move.149 Mark-to-market accounting has since become common in the energy trading industry.150 In fact, the experts with whom Committee staff spoke did not raise any general objections to the use of mark-to-market accounting and suggested that, at least as a theoretical matter, mark-to-market accounting was often a preferable method of accounting, because, applied correctly, it can enable investors to see more accurately the current value of a company’s assets.151 Mark-to-market accounting, however, is not without its problems—some significant. Most importantly, it was questionable whether Enron could accurately value these contracts at the time of signing. For short-term, standard form contracts, there is often a public market, such as the New York Mercantile Exchange, that can provide the necessary values. For longer-term or more complex trading contracts, there would likely not be market quotes available on which to base the values. Instead, Enron would use complex models to estimate the value of these contracts, making assumptions about an assortment of variables that could range from future gas prices to the pace of energy deregulation to trends in interest rates.152 The assumptions underlying these models were, in the best case, necessarily subjective and, in the worst, subject to deliberate manipulation. If you want to argue about it, go take it up with the relevant Senate subcommittee.

CrowdGoesWildWoooo

Steam still have monopoly. Platform-wise they are still years ahead compared to Epic. How EGS works are basically locking indie developers in.

Coakis

Per court documents shown during the apple case Epic planned to lose money on EGS for the foreseeable future. https://www.gamingbible.co.uk/news/epic-games-store-losses-projected-to-reach-1-billion-by-2027-20211208

_R_Daneel_Olivaw

We need this with games. It would be so amazing to e.g. buy a game on Steam and sell it to an EGS user - and they'd still be able to activate it.

playaphoenix

Every crypto project shits on other crypto projects. EGS has at least been encouraging other projects.

iflvegetables

Developers are businesses, businesses form relationships. There’s not a shred of content here that provides a “why”. EGS being an asshole is a matter of opinion and not the basis for an investment, even a speculative one. Corporate law often necessitates suing to protect IP. Legal reasoning uses different logic. Not saying I agree, only that I don’t find it surprising. People post shit like this as though they are Moses coming down from the mount. It’s the crypto equivalent of tabloid journalism. Corporate interests and VCs aren’t going to be swayed by this type of shit. Does it have anything to do with the product, security, development, etc? No. Professors make garbage relative to their worth, even at top universities. Honestly, if I was the face of a leading blockchain, I’d give the finger to my job, too. *hE’s NoT aT cOrNeLl!11!* They don’t say if he was fired, retired, or resigned, just ominously “removed”. NFA, these aren’t metrics worth attention. Even if Ava Labs was litigious, that will not keep the SEC from smacking the shit out of them for being unregulated securities. Laws don’t work like that. Influencers equally uninformed opinions do not heighten the credibility of a statement.

0Default0

Epic is really doing a lot for the developers lately… they Just want more developers to exist and sell their games on EGS and I think their method is win-win for everyone

Aerocryptic

Not that i know of. Although i've seen EGS trying to shill subnets to the BAYC team