Sunday, January 26, 2025

[Discussion] Everything wrong with Progression and Gameplay today is the communities fault.

TLDR: I believe this game was supposed to play similar to Arma(clunky movement, Slow weapon handling with visceral recoil requiring suppression, and tactics to win a gunfight not just who has better aim) and Progression was supposed to be something to Original WOW or OSRS. It was supposed to take a long time, and you were intended to enjoy the journey not the destination. If you didn't like that, this game was not for you. You are not entitled to like or enjoy every game. Not every game should be made to your tastes, and those tastes have dramatically shifted the design of the game away from what I think the devs/ Nikita wanted.

Through the Drops event and last wipe where almost everyone complained about their being way to much money in the game bc of the arena connection being turned on. I've come to the conclusion that the community is actually responsible for a lot of their complaints on the game. Everything from the movement, recoil, Tasks, armor, Map progression and individual map details.

Couple of examples.
Setup quest this wipe. Tasks overall.
Been seeing and reading a lot about how annoying setup is to do this wipe with the flea being turned off. you can't readily get the Ushanka hats need to get kills and complete task. I think that's the point. Before flea market tasks like this required you to barter for the item or do it when you had the kit. You were not intended nor encouraged to just brute force tasks like this. Its why you are given so many tasks all at once. You pick and choose which ones you can do at that time. Also would note that the task requirements have been decreased almost every wipe. Setup originally took 15 or more kills. Punisher 1 used to take 30+ kills. General wares used to take 30-45 cans of stew IIRC. Again, I think this was intended to motivate the player from not just grinding tasks ASAP but to actually play the game. "Where can you get food. Hmm interchange. So I guess I'll play interchange for a while, see if I can complete this task"

Movement and recoil mechs.
There are some very real criticisms to be had regarding the recoil mechs, and how inertia ruined the feel of gunfights etc. but I will point out then in the Arma community which is renowned for having very clunky/sluggish movement. That no one really wants it changed. yes complaints will be had. But the community understood back in Arma 3 days that the movement restricts/facilitates a specific kind of gameplay that the developers were looking for. More tactical slow, and deliberate gameplay. I think this was the original intention with Inertia. I think the Devs got worried when the community grew past its niche audience, and started attracting the crowed of people that wanted a Win at all cost and started creating Meta builds, and tactics to abuse a game that did not have those same restrictions as Arma when it came to movement. Jiggle peaks, bunny hopping, Abusing deysnc etc. Devs prob did not like that and felt they needed to course correct. (I say this bc I don't recall a lot of vocal support for the inertia system pre or post implementation). A good counter argument here is recoil. The recoil changes moved the game away from the intended experience, but I feel like this was done bc of the player base's demand. Does it feel better to play. Yes. was it what the devs wanted, I don't think so. The squad Community went through this same cycle with the ICO update. Players that could no longer do jumping 360 headshots, or just 1 tap snipers and MG's from 300m hated the update. Regular players that wanted a more teamwork-oriented game. Or wanted to play roles like MG and feel effective loved the game. Unfortunately, the crowed of people that wanted that super-fast COD gameplay style are very vocal and brought a lot of attention to the game when the update came out. They have since done ICO 2.0 which is a happy middle ground that everyone in the community seems to like. My point is : not every game has to play as smooth or fluid as call of duty with the new omni movement. This is why counter strike, or R6S don't have similar player control. This is why Arma and squad also do not. They made movement and control schemes that fit the gameplay aesthetic or function that they wanted.

Map design and Map Progression.
I recently found myself looting through the Village on shoreline near the tunnel extract. I was very disappointed to find that a lot of the buildings there just have nothing in them. Maybe 1-2 jackets. I found a duffle or 2. But no toolboxes, very little loose loot. There is of course the G-card houses, but that's like it. otherwise, there is no point going there. nothing to be looted. Scavs only walk around near the little store/tank in the center of the village. It's just a dead POI. Now could the devs change that? of course. increase the loot spawns, maybe do something like the Farm where there is just a bunch of tools and stuff there. But why would they. They have the Farm, and the resort. The Resort is the real crux of this Argument. Why have anywhere else on the map be a POI when you just can dump all of the best loot in 1 spot. Why have people go look for items they might actually need, like drills/hoses etc, when they can just go hunt for a bitcoin, and then go buy all their stuff. Which leads to prob the last Item. Streets is also the Pinnacle of this problem. The entire map is designed to print money bc that's what the community wanted. To be able to print money, and catch up to "streamers" that have 100 mil in 7 days. the only reason to play any other map is to do tasks. and you see this in late stages of the wipe. maps like woods, and interchange are a ghost town bc there are no tasks and compared to streets no loot. So people that want money are forced onto streets. Byproduct people that want gunfights/ PvP are then forced onto streets.

Flea Market.

Lots of discourse already had on this. IMO I think Flea was the kill shot to what the game could and should have been. for 4-5 years now the game has been a race of make money ASAP. bc you can buy literally everything. Devs realized this and started limiting what can be sold, and how often, and for how much etc. Cool. But I don't think a lot of people realized how detrimental the flea was until they made the Hideout FIR. It brought back the need to find the items instead of just rushing the money spawns and leaving ASAP. you are again encouraged to go to different POI and interact with the map more organically IT's BEEN GREAT. I have not seen so many people talk about how fun the game is. getting into gunfights in places they would not have expected, with guns and loot they would not have expected. The drive to get out of a raid with a car bat, or some precious hose. Encouraging the use of BTR's as well trying to get that loot out of raid.
Also, Cheaters basically got Kneecapped with the Hideout FIR change, and I don't see people talking about that enough. If you take all the potential for RMT out of the game by nuking the player eco, people won't pay those huge prices for cheats anymore. Anecdotally, I have not encountered 1 cheater on any map thus far. I also see a lot of valuable loot still in their spots. Bitcoins, G-cards, Virtex's etc.

End Thoughts:
I think the intention of the game was to have a very slow and methodical gameplay loop. where things require investment, and dedication to complete. I don't think they originally wanted you juicing up on stims at the start of every raid to run straight to a high value area or just even the odds against everyone else doing that. I don't think they wanted you to be able to rail 30 rounds on someone head with an M4. I don't think they wanted to see people hit prestige, 4 days into wipe. But the community begged for them to be able to do that. I see a lot of talk about how the Task requirements being reduced was done in consideration to the people that can't play 8 hours every day. COPE. Why does it matter. If it takes that timmy 4 days to complete the task instead of 4 raids. Why do we Care. Were having fun? Did they Progress at all? Those should be the metrics we care about. I think the community has poisoned our own well into thinking that EFT is about grinding the tasks ASAP instead of engaging with the game. I know Veritas has been saying this for years to some extent or another and I finally agree. Veritas in his video that precipitated the recoil changes quoted that Nikita's vision for Tarkov was to play like his Raid Video series. IDK about you all, but when was the last time you saw someone just spraying down a hallway to suppress you? When was the last time you got into a gunfight, and you both fired a whole mag at each other, and walked away fairly uninjured? USA Military Analysis shows that avg hit percentage in a firefight decreases dramatically after about 30-40 meters to sub 40% tapering off to about 20% over 100% Even Police firefight stats shows an avg of 50% hits. If the design intention was to mimic Raid, or a more grounded to reality firefighting aesthetic, then the old recoil, with Intertia makes sense. Realistically there is no way to encourage or mimic the fight or flight, and stress of a real world firefight. But take a look at footage of a game like bodycam. Recoil in the game is insane, when firing a pistol you can't even see your target after the 2nd 3rd shot. AR's and AK's are a whole different ball game. And you don't see the Body cam community clamoring for them to change the recoil to be laser accurate, and extremely controllable.

Yes I know all opinions are like assholes. Yes I know I'm speaking to the void. I also am sure that this is a very niche opinion. Yes, I'm doing what I'm being antagonistic towards: Wishing the game fulfilled what I want instead of what it is. I just miss old EFT. it genuinely felt like a better game. Was there major issues like the tank meta, and stuff. Yes, but I didn't want the game to turn into what it is. I understand why people play PVE not PVP. the game has turned into an arms race of who can grind tasks faster instead of just playing the game, going into raids and seeing what happens. idk. ill shut up now.


Crypto derivatives 101: A beginner’s guide on crypto futures, crypto options and perpetual contracts 📚

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Crypto derivatives 101: A beginner’s guide on crypto futures, crypto options and perpetual contracts

Digital currencies continue to disrupt the economy as they gain popularity as assets for investment and as mediums of exchange in financial transactions. Crypto derivatives are a good example of products that have shown rapid growth and continue to do so. And as the crypto market continues to grow, so does the variety of products available within the cryptocurrency space.

Our detailed guide covers the basics of crypto derivative types, trading options, tips for trading, and their advantages and disadvantages.

Types of derivatives in crypto

Simply put, a derivative is any product or contract with a value determined by an underlying asset. In traditional financial markets, derivatives derive their value from assets such as stocks, bonds, interest rates, commodities, fiat currencies and cryptocurrencies, hence the name. 

Crypto derivatives work like traditional derivatives in the sense that a buyer and a seller enter into a contract to sell an underlying asset. Such assets are sold at a predetermined time and price. As such, derivatives do not have an inherent value but rely on the value of the underlying asset. For example, an Ethereum derivative relies on and obtains value from the value of Ethereum.

Derivative trades also do not hold nor own the underlying asset. The most popular types of derivatives in crypto are futures, options and perpetual contracts. 

Crypto futures 

Futures involve an agreement between a buyer and a seller to sell an asset in the future. The specific date and amount are also agreed on ahead of time. Contract details may vary, but the terms are usually similar.

Futures are a popular type of crypto derivative commonly used by institutional investors. Data from futures are typically used to predict future price movements and market sentiment.

Traders may either gain or lose depending on future price changes. For example, if the current price of Bitcoin is at $40,000, an investor may either buy or sell futures contracts in anticipation of either a price decline or an increase.

In any case, if a buyer purchases a futures contract worth one Bitcoin ($40,000) and it increases to $60,000 by the time the contract closes, the buyer will have realized $20,000 in profit. On the contrary, if the price drops to $30,000 by the time the contract closes, the buyer will have incurred a loss of $10,000.

More specifically, Bitcoin futures are agreements between a buyer and a seller to buy and sell Bitcoin at a given price at a specific date in the future. The contract is usually settled in USD or any other currency agreed upon by both parties.

How to trade Bitcoin futures?

The first thing a trader needs to determine when trading Bitcoin futures is the contract’s duration. Exchanges for crypto derivatives usually offer weekly, bi-weekly, quarterly options, and more. 

For example, a weekly trade of Bitcoin contracts with each contract amounting to $1 of Bitcoin priced at $10,000 would require 10,000 contracts to open a position worth 1 Bitcoin.

A trader can either bet on the price of Bitcoin increasing (going long) or decreasing (going short). In either case, the exchange platform will match the trader with someone who went the opposite direction in terms of betting. When the time comes for the contracts to be settled, one trader will need to pay up, depending on whether the price of Bitcoin has gone up or down.

Crypto options 

Options are another type of derivative contract that allows a trader to buy or sell a specific commodity at a set price on a future date. Unlike futures, however, options allow the buyer the opportunity to not buy the asset if they choose.

There are multiple types of options: call and put options, as well as American and European options. Call options allow a trader to purchase an asset on a given date, while put options allow a trader to sell an asset on a given date. In addition, American options can be sold before the contract’s expiry date, whereas European options need to be sold exactly on the agreed date.

Traders are required to pay fees to buy a contract. For example, if an option costs $800, a trader will bear this cost to enter, on top of the actual price of the asset they want to purchase. 

Regardless of the trade outcome, the trader must pay the $800 fee. So, it’s worth noting that options are not a completely-risk free method of trading crypto derivatives. 

Let’s look at this example: Say you enter a call option for Bitcoin at $50,000. However, upon the agreed date, the price dropped to $40,000. You would not have to bear the $10,000 loss in an option. You can just exercise your right not to fulfill the contract. 

However, the $800 fee you paid to buy the contract will not be returned. In this case, your total loss would be $800. 

How to trade Bitcoin options?

“Call” and “put” are to Bitcoin options as “going long” and “going short” are to futures. A call option gives the right to purchase Bitcoin at an agreed price upon contract expiry. A put option gives the right to sell Bitcoin at an agreed price upon contract expiry. 

For example, let’s say a trader purchases a call option for Bitcoin at $20,000, with a contract that expires in a month. If, by the end of the month, the price of Bitcoin has risen to $25,000, the trader will likely exercise their right to purchase it and make a profit.

On the other hand, if at the end of the month the price has dropped to $15,000, the trader will likely choose to let the option expire so as to not incur a loss, except for the premium he initially agreed to pay to buy the contract. 

Perpetual contracts 

A perpetual contract, also called a perpetual futures contract or perpetual swap, is the most prolific type of crypto derivative, especially among day traders. In traditional finance, the equivalent of a perpetual contract would be contracted for difference (CFD). 

The main difference between perpetual contracts vs. futures and options is that perpetual contracts do not have an expiry date. Positions can be kept for as long as the trader wants, provided they pay holding fees, called the funding rate. The account must also contain a minimum amount, called the margin. 

Underlying assets typically change in price, which means that the difference between the index price and the price of perpetual futures contracts is typically huge. If, for example, the price of the perpetual contract is higher than the index, those who chose to “go long” would normally pay the funding rate to cover the price difference. 

Likewise, those who chose to “go short” would pay the funding rate to cover the price difference should the perpetual futures contract price be lower than the index price.

How to trade a perpetual contract?

If a lot of traders have long positions, with the price of perpetual contracts rising incrementally above the spot price, there would be no incentive for people to open short positions. The result, then, is a positive funding rate.

Having a positive funding rate means that all long positions must pay all short positions. On the other hand, a negative funding rate means that all short positions must pay long positions. 

This arrangement helps incentivize traders to close long positions, as well as open short positions to bring the price of the asset (e.g., Bitcoin) back to its actual market price. Payments are made directly to traders and are not made via exchanges.

Why are crypto derivatives important?

Crypto derivatives are essential to the crypto economy because their functions extend far beyond an individual trader’s investment portfolio. Derivatives are part of any mature financial system and therefore play a crucial role in developing the cryptocurrency industry as a recognized asset class. 

Increasing liquidity

What is liquidity? Briefly put, it refers to how easily orders can be transacted within a market without affecting the price of an asset. It indicates how many buyers and sellers there are, and whether or not transactions can be facilitated easily. 

Liquid markets come with high supply and demand for assets, making them more accessible for buyers and sellers. 

On the contrary, an illiquid market has fewer participants and very few transactions. 

Crypto derivatives facilitate market liquidity, impacting the ease with which traders can open or close positions. In a liquid market, there is typically less risk because there is always someone willing to take the other side of a position. Take perpetual contracts, for example, wherein shorts and longs pay the opposite position based on the funding rate.

A liquid market, therefore, attracts more investors and traders. Transaction costs are lower, slippage is lesser, and market conditions are more favorable overall. 

Mitigating risks

Derivatives can protect a portfolio from unexpected risk owing to high volatility in terms of crypto-asset prices. A strong derivatives market helps to attract professional traders and institutional investors to the crypto industry because it mitigates the risk brought about by a portfolio’s exposure to tail-risk events. 

Derivatives also predict risk, especially in uncertain market conditions wherein options prices are typically overbought. Forewarned by risk-averse sentiments, traders will make it a point to buy options in a bid to protect their portfolios.

Portfolio diversification

Derivatives offer traders more options to diversify their investment portfolios. They can expand across multiple crypto assets, and master advanced trading strategies. Some examples of the more sophisticated trading strategies are arbitrage, pairs trading, short-selling and the like. 

Consequently, having more advanced trading strategies further increases the market liquidity of the underlying crypto asset. 

Optimized price discovery

A marketplace’s main function is price discovery— the process of constantly finding out the current price of a certain asset. Prices depend on various factors such as liquidity, market structure, and information flow. 

Crypto derivatives enable the optimization of price discovery by enabling investors to either go long or go short. This makes mechanisms for price discovery more efficient by allowing for smoother market adjustments. Adverse price shocks are also thereby avoided.

Because price discovery is optimized, price reliability is improved, resulting in a more efficient market. Participants are also confident that all salient information has been accounted for and assimilated into the asset’s price. 

Purpose of derivatives trading in crypto

So how do crypto derivatives work, exactly? For starters, derivatives are used for either hedging or speculation:

Hedging

Derivatives can be used to protect one’s crypto portfolio from adverse market movements. This is called hedging.

Hedging involves opening positions that are in an opposite or negative correlation to your existing positions. It is practiced by investors and traders to protect their portfolios and mitigate potential losses. 

For example, futures can help to protect investments without compromising current crypto holdings. This is because futures allow you to hedge a portfolio for a fraction of its cost. For example, if your portfolio costs $100,000, you can hedge it by opening a short position in a futures contract. A 10x contract will only cost you $10,000, which is just 1/10 of your portfolio’s market value.

Hedging is particularly helpful, especially when Bitcoin enters a bear market, because it’s a far better option than waiting for the price to recover or liquidate holdings at an unfavorable price.  

Speculation

Derivatives are also used to speculate regarding the future price of cryptocurrencies. 

For example, if you purchase Bitcoin, you can profit if prices go up. But in the case of a bear market, you can’t profit under this principle because prices are going down constantly. 

This is where futures contracts come in. They allow you to bet that prices will go down (going short). If the price of Bitcoin does fall, then your short position means that you’re making a profit, even during a bear market. Futures contracts allow you to trade, take advantage of market volatility, and capitalize on opportunities by going long or going short. 

Another thing that makes derivatives attractive is leverage because it allows you to gain exposure to an underlying asset at a fraction of the cost. For example, a crypto derivatives exchange allows users to select leverage that goes up to as much as 125 times the initial margin. 

This means that even small price increases can result in large returns on your investment. Leverage allows investors to magnify small price movements and create massive profits.

  • Features of derivative trading exchanges

It might be helpful to know more about some of the features of crypto derivative trading exchanges: 

Stop-loss and take profit

Both stop loss and take profit allow traders to set the floor and ceiling prices for their trades. As such, they can exit the market automatically under favorable conditions, based on the prices they set. 

Partial close orders

Partial close orders allow traders to take partial gains while they partially close their orders. This means they can also continue to benefit from the market’s growth. 

Auto deleveraging (ADL)

If a position cannot be liquidated at a price better than the bankruptcy price, the exchange's ADL system can deleverage an opposing position from a designated trader. This is particularly helpful in cases where the insurance is insufficient to cover any loss incurred on the contract. 

Insurance funds

Should holdings fall below maintenance level (margin), insurance funds help traders to preserve their funds from ADL.

Advantages of using derivatives

Some of the advantages of using crypto derivatives are:

Market efficiency

Because derivative trading practices arbitrage, it helps to ensure that the market prices of underlying assets are accurate and that the market achieves equilibrium and stability. 

Low transaction costs

Derivative contracts are effective risk management tools, thereby reducing market transaction costs. Hence, compared to securities like spot trading, transaction costs in derivative trading turn out cheaper.

Risk management

The values of derivative contracts are inherently tied to underlying assets. For this reason, derivatives are used to mitigate risks associated with the fluctuating prices of these underlying assets. 

For example, if a trader purchases a derivative contract and the underlying asset’s price falls, he can offset the losses with gains from his derivatives.

Determining the price of underlying assets

Derivative contracts are typically used to define the prices of underlying assets, making them a crucial part of the cryptocurrency economy.

Higher leverage

With derivatives trading, investors can use leverage to increase profit margins without needing to invest a large amount upfront. 

High liquidity

Derivatives trading markets are in very high demand and are therefore highly liquid. Research reveals that crypto derivatives reached $600 billion in daily volumes in 2020, alone. Derivatives continue to gain momentum and attract institutional investors and traders alike, keeping the market active and liquid. 

Diversification

Derivatives consider the prices of underlying assets, helping investors minimize portfolio risks. The market also helps to generate market movement signals, providing hints concerning investment decisions and trading strategies.

Disadvantages of using derivatives

Some of the disadvantages of using crypto derivatives are:

Higher risk

Derivative contracts can be very volatile because the value of underlying assets can fluctuate very often. As such, traders are at risk of losses, especially in leveraged contracts.

Lack of due diligence

Over-the-counter futures contracts involve counterparty risks due to a lack of due diligence. The trader cannot effectively run a due diligence check on the other party because over-the-counter transactions do not always stick to strict compliance procedures. 

How to trade crypto derivatives efficiently

There is no singular formula to ensure that no losses are suffered when trading crypto derivatives. However, you can follow certain practices to safeguard your investment as much as possible and ensure you are making an informed decision before investing.

Determining which derivative is best for you entails choosing the right derivative based on the current price fluctuation trend. For example, if the market is bullish, you should go with an options contract.

If the market is bearish, then going for a futures contract is the wiser choice. However, if you are unsure, or the market is behaving erratically, you can go with a perpetual futures contract to err on the safe side, whichever way the market goes.

You should also take care not to hedge more than you are willing to lose. One trick that seasoned traders employ is borrowing assets and selling the same to someone else. They do this hoping that a future price decrease will allow them to buy the same assets at a much lower price. 

The borrowed assets can then be returned to the lender, allowing the trader to keep the profits. However, if the price increases, the trader is left with no other choice than to pay the price difference out of pocket. Hence, it’s always prudent to ensure that you can bear whatever losses your actions may incur.

Another important thing to consider is selecting a reliable trading platform for crypto derivatives. You should select one that is established, with verified users, high trade volumes and safety measures to detect fraud. 

Crypto derivatives trading is a great option for both beginner crypto investors and seasoned ones. You can go with various options, depending on the level of risk you’re comfortable with.


Ross Ulbricht Thanks Trump for Pardon: 'There's a Lot to Talk About'

🚨Just IN: Silk Road Founder Ross Ulbricht Freed After Trump Pardon

In a dramatic turn of events, Ross Ulbricht, the founder of the infamous dark web marketplace Silk Road, has been granted a full pardon by President Donald Trump. Ulbricht, who had been serving a life sentence without parole since 2015 for charges including distributing narcotics and conspiring to commit computer hacking, expressed his gratitude and relief upon his release.

Looking exhausted but clearly relieved, Ulbricht shared his feelings about his newfound freedom, stating that it feels amazing to be free again. He plans to spend the immediate future with his family, focusing on healing and reuniting after his 11-year incarceration.

Ulbricht's release is seen as a significant event in the cryptocurrency community, where he is viewed as a pioneer in the early adoption of Bitcoin. Silk Road, which operated from 2011 to 2013, was one of the first large-scale applications of Bitcoin, facilitating over $200 million in transactions.

As Ulbricht re-engages with the free world, his future plans are eagerly anticipated by many in the crypto space. This pardon marks a victory for those who have advocated for his release and highlights the ongoing debate about justice and second chances.

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⚠️ Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice.