Virtual Legality

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(0:00) Introduction

(6:12) The Bottom Line

(9:39) Competitive Advantage

(15:15) Phil Spencer

(15:35) Xbox Game Pass

(17:15) Xbox on TV

(20:23) Cloud Gaming on Browser

(22:18) Outro

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"Earth 2 is a Scam!" "Earth 2 is a Pyramid Scheme!" "No, it's a Ponzi Scheme!"

The Internet believes a lot of things about virtual land sales program/Ready Player One wannabe/Crypto Stock Market (?), Earth 2, but what really holds water?

Is the whole thing a scam? A Pyramid scheme? Worse?

Or is it just a product/service to avoid because of some of the worst terms of service we've yet read?

You can't move on to the sequel until you've mastered the original…in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/6MhkvF_vGFE

#Earth2 #Scam #Controversy

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SUPPORT THE CHANNEL

PATREON - https://www.patreon.com/VirtualLegality

STREAMLABS - https://streamlabs.com/richardhoeg

STORE - https://teespring.com/stores/hoeg-law-store

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CHAPTERS

00:00 Introduction

02:25 What is Earth 2?

08:26 Pyramids and Ponzi Schemes

14:23 A Look at Securities Law

21:27 Some Pretty Bad Terms and Conditions

35:22 Crypto Conversions and Bitconnect

39:52 Unlimited Exposure

43:35 Securities Terms

50:00 Conclusion

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Discussed in this episode:

Earth 2 Webpage(s)

https://earth2.io/

https://earth2.io/about

https://earth2.io/earth-2-benefits

https://app.earth2.io/#leaderboards

https://earth2.io/terms

"Pyramid Schemes"

FTC Website (Speech given in 1998)

https://www.ftc.gov/public-statements/1998/05/pyramid-schemes

"Accessing the U.S. Capital Markets — A Brief Overview for Foreign Private Issuers"

SEC Webpage

https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml

"Definitions; promotion of efficiency, competition, and capital formation"

15 USC 77b

https://www.law.cornell.edu/uscode/text/15/77b

SEC v. Howey Co.

328 US 293 (US Supreme Court) (1946)

https://supreme.justia.com/cases/federal/us/328/293/#301

"SEC sues five BitConnect promoters over $2-billion scheme"

Los Angeles Times - May 28, 2021

https://www.latimes.com/business/story/2021-05-28/sec-sues-cryptocurrency-bitconnect-promoters-over-2-billion-scheme

"Bitconnect, which has been accused of running a Ponzi scheme, shuts down"

TechCrunch - January 16, 2018

https://techcrunch.com/2018/01/16/bitconnect-which-has-been-accused-of-running-a-ponzi-scheme-shuts-down/

"Bitconnect Closes Virtually Its Entire Operation, BCC Token Drops 87%"

CoinTelegraph - January 17, 2018

https://studio.youtube.com/video/6MhkvF_vGFE/edit?o=U

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

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(0:00) Introduction

(2:25) What is Earth 2?

(8:26) Pyramids and Ponzi Schemes

(14:23) A Look at Securities Law

(21:27) Some Pretty Bad Terms and Conditions

(35:22) Crypto Conversions and Bitconnect

(39:52) Unlimited Exposure

(43:35) Securities Terms

(50:00) Conclusion

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(0:00) Introduction

(3:28) Van Buren v United States

(7:32) The Majority Opinion

(29:23) The Dissent

(39:04) Conclusion

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Ubisoft finds itself in the crosshairs of games media once again, as it...says the same things it usually says about "politics" in its upcoming game Far Cry 6.

But what is the nature of this push to have the company admit to telling "political" stories? And what can recent discussions of Mass Effect tell us about the risks of telling effective stories under such a spotlight?

We strive for applicability (but not allegory)…in Virtual Legality.

#FarCry #MassEffect #Politics

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SUPPORT THE CHANNEL

PATREON - https://www.patreon.com/VirtualLegality

STREAMLABS - https://streamlabs.com/richardhoeg

STORE - https://teespring.com/stores/hoeg-law-store

***

Discussed in this episode:

"Ubisoft Doesn't "Want To Make A Political Statement" Specifically About Cuba With Far Cry 6"

The Gamer - May 28, 2021

https://www.thegamer.com/ubisoft-spoke-to-actual-guerilla-fighters-but-doesnt-want-to-make-a-political-statement-with-far-cry-6/

"Ubisoft: Far Cry 6 Is Not Trying to Make a Political Statement About Cuba"

IGN - May 30 2021

https://www.ign.com/articles/far-cry-6-cuba-political-statement

"The Politics of Far Cry 6"

Ubisoft Blog - May 31, 2021

https://news.ubisoft.com/en-us/article/jzZzBMLk8k4XAWgNpXfju/the-politics-of-far-cry-6

"Far Cry 6 writer: Yeah, our game is political"

Polygon - June 1, 2021

https://www.polygon.com/22463076/far-cry-6-political-game-cuba-yara-navid-khavari-ubisoft

"Politics" Definition

https://www.merriam-webster.com/dictionary/politics

"Allegory"

Wikipedia Entry

https://en.wikipedia.org/wiki/Allegory

"Mass Effect Has A Big Disdain For Democracy"

Gamespot - May 29, 2021

https://www.gamespot.com/articles/mass-effect-has-a-big-disdain-for-democracy/

"This piece is wrong..."

Twitter Thread - May 30, 2021 - Hoeg Law

https://twitter.com/HoegLaw/status/1399004059156324360

"I cordially dislike allegory..."

JRR Tolkien - Fellowship of the Ring (Goodreads Website)

https://www.goodreads.com/quotes/411971-i-cordially-dislike-allegory-in-all-its-manifestations-and-always

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

***

DESIGN WORK

Joe Ellis (Logo Design)

Chris Leroux (Motion Graphics)

For more information: contact Chris at @Chrisleroux on Twitter.

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