Scholars: Past, Present and Future
I like to study quite a bit on the space I am investing and interested in. Lately (actually for a while), I am hearing the word "scholar" around Splinterlands a lot. The concept is nothing new and have been around since the game is being first played. However, the word 'scholar' is getting more and more popular and visible lately.
Here are some of the accepted denitions:
a person who attends a school or studies under a teacher
Here is the wikipedia:
A scholar is a person who pursues academic and intellectual activities, particularly academics who apply their intellectualism into expertise in an area of study.
I like the wikipedia defition better. Being a long time scholar myself (I have two masters degress and a PhD, yeah really!) I really do understand what it is like to be a scholar. All the good and the bad that is associated with it, are all too close to my heart!
But come on! Certainly that is not the 'scholar' that is relevant here. The term is used in the play-to-earn games widely, and here the meaning is:
A game player who plays game assets owns by someone else in exchange for a portion of the in-game rewards
I like to offer, if you read internet sources regarding scholars from P2E games, you will see the Axie Infinity comes often and its rise to the top in 2021 and its extreme popularity in the Phillipines. However, at Splinterlads, we had the concept earlier than that. For 4+ years players are playing other peoples delegated cards at Splinterlands. With all due respect to all the scholars, I like to offer a joke, I love and respect you folks, and you know it. So here it is:
You see, in this world there's two kinds of people, my friend: Those with loaded guns and those who dig. You dig ..... The good, The bad, and the Ugly
Time Magazine Article on Filipino Axie Scholars
So as a scholar, you are supposed to dig :) So, please listen to me and please read the article above regarding Axie. I request you please don't just dig. While you dig, build your own assets. Learn another new skill that you don't already have. Hive is a great platform to improve with written and speaking communication skills. If nothing else, we can learn those things. Lot of you are non-native English speakers, (me too, trust me!). If you are, hive is a great place to improve your English language skills. If you do these simple things, you will come out stonger the other side, no matter the outcome of Splinterlands.
So, that was sort of the past. Currently we are in a bear market. Correlation between asset classes are at all time high. There is no safe heaven. When asset classes go down, they all go down at the same time. I have several scholars, and my goal have always been to show them financial freedom regardless of the price of the asset class. Because, as professional players, they must sustain themselves when SPS at 50 cents and when SPS is at 5 cents. In some western countries, the standard of living is so high, that just earning from play-to-earn game is currently not enough to sustain a single individual no matter how good they are. However, in many SE asian countries (I choose this region, because I am from this region), even during this bear market, it is still possible to earn a living by playing splinterlands. But you must be very good and driven. I have multiple scholars who are doing just that. To them, and to everyone else listening, I always say, think about "Financial Freedom". Please think about a time, when you assets are earning enough passive income, so that you can earn money while you sleep. Then you are financially free.
There are many things happening to the game. My speculation are going to be equally limited as yours. So rather than speculating on the game and which feature will come next and how populat they will be, I like to speculate on people. People who are already here, and People who will come here.
First, people who are already here will go through a burnout phase. They are already there. Less and less original cardholders are playing the game manually. Some have their cards out to rent, some have their cards out for scholars to play, and some have their cards delegated for bots to play. Unless your scholar is very good and lucky, rental will be most profitable option, as people here are looking for best ROI. Nothing wrong with that. So until something major happens to the game play (land!) this trend will continue.
Second, people who will come at this point are mostly scholars, and even their influx is less and less. This is simply because there are more good scholars than available delegated decks to play. Scholars and bots are holding the rental market at this point. The only way new scholars can come if existing scholars show major promise. Cool gameplay or some spectacular success. People like to follow successes, espcially when the odds are stacked up against them.
I have finally rented out all my cards dada. I had a very limited deck to begin with, but the rent I was getting was insane last I checked. Even though I Don't take money out of the games, the passive income opportunity here is almost too good to be true! Even at these prices!
One can only imagine what it looks like when prices are better!
I always have this question about earnings from games, is it sustainable in the long run? Seems SL found ways to make it sustainable for long enough ;)
we all have that question. Sustainibility of a p2e game depends on new players. It is a sort of 'ponzi' that way, pardon me. But if you keep modifying and release set card sets and features, the music can continue for a long time.
P2E game need sponshorship from outside. P2E developers nedd to find some deals in that arena. samae way. that how all our major sports are running by finding sponsorships and selling rights.
Posted using Splintertalk
yes, tourble is some of those sponsorships asks a little too much, and in the end typically not beneficial for the game.
Look at Axie. I don't want that happen to us.
Don't sponsorships bring in money rather than take it away? Sponsors pay money to have their advertising/branding in front of players.
advertisement is based on viewership, our viewership is low.
Agreed, so wouldn't that just reduce the income from the sponsor based on viewers but still bring in money. It sounded like you were saying sponsorships would cost money?
well sponsors must be interested first :)
Sponsors don't grow in our backyards, it is not easy to find them in a bear market and they will ask for a pound of flesh!
I wasn't speaking to their availability or scarcity.
That sounds like a classic partnership rather than a sponsorship, which explains why couldn't follow the logic.
You talk as though you don't particularly like the scholar system of playing.
Is there something wrong with it?😂
No, I like it. I always have multiple scholars. I enjoy having them.
😂 multiple sources of passive income
Well. Hive or Splinterlands is not a significant part of my net worth.
Really funny that Aggy is a ‚Dr Reich‘, that would have been a very popular name in Germany @[email protected] jokejoke
Maybe we should hire some young players to join the fray. Make them lead their own Guild, pay a little pocket money as sponsorship. Seems SPL is mainly old ppl right now.
yes, and all these old people (yes me included) is not really helping the energy level of the game itself.
Hmm, so what do you think about a youth league? Is that even possible, I mean legally since we talk about asset ownership here.
in blockchain are you going to ask people's age/date of birth ? :)
people won't be happy.
I am personally fine with it. Everyone knows I am 47 :)
Yea, that‘s exactly what would be required. Maybe even add financial fair play aspects.
Can guarantee that people won’t trick the system? Nope, but as long as there are mentors and reputations the incentive structure might be working against fraud.
And that‘s not tooooo far off. We can do a private Proof of Identity and leave it at that. None need to pull his pants down publicly.
In case we want 13-17year olds batteling it out, this is the way.
I'm old ppl too (pushing on 40 y/o), married and have 5 little kids. I play SPL casually as a source of fun, the earning part is just a bonus, or a thing I comfort myself with when asked why I play video games at age of 40. 🤣
But I really get the people that play SPL to earn a living. These people are the ones that are keeping this game alive and are driving the market, constantly upgrading their game level, dragging the rest of us casual players along.
I welcome the scholarship model, I think its brilliant idea. So keep on doing the great job, both the scholars and mentors. 💪
I am 47 and two kids.
I play, and I like playing myself as well.
Another great article sharing some interesting perspectives. I especially enjoy the quote from Buffet and how I can earn DEC in my sleep while renting out SPL assets I'm not currently using.
Passive income is critical as we grow old
This article deserves a bachelor's degree in fact!
I've actually seen people who don't think about passive income. They just mindlessly milk the game, the market, and anything else they can get their hands on. It's funny that these same people are the first to scream about scamming everything in the world. It's very funny to watch this...
If people don't focus on increasing their assets slowly then they will always stay where they are or worse. No p2e earn game can help them.
I'm afraid nothing can help them. 😅 !LOLZ
You'll strain your voice.
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In my opinion the best asset is HP. Who understands this, accumulates Hive at a rate of more than 20% per annum. That's a lot at a distance. This is a real and not difficult path to financial freedom.