senior developer senior dreamer senior dj
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Joined March 2012
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Finally a voice of reason.
I am gamedev veteran with 15+ years of experience, working at respectable mid-sized studio.
I know the ropes, I have the ideas, but never had extra time...
Thanks to AI, I have means to build them in my spare time.
i retired from making video games several years ago. i hated it. i love everything about the craft. but the industry absolutely sucks. getting paid to work on a game is a dream come true. but the teams were so big that they have to be activel managed. and then the managers rule the world and its all over.
consider ai as the solution to the problem.
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Disagree with Sweeney all you want, but hereβs my reality: Steam takes 30%, then US withholding takes 30% of my remaining share on US sales. Iβm left with 49% before covering development costs. I fund the game and take the risk, yet more than half is already gone. Feels like getting robbed, tbh.
Tim Sweeney is taking another shot at Steam.
The Epic Games CEO claims Valve has βheld gaming back for yearsβ by locking PC games into Steamworksβ ecosystem.
Sweeney argues that Steamβs social features make it harder for players on PC to communicate cross-platform while also criticizing Steamβs 30% cut.
However, that claim isnβt completely accurate. Valveβs Steam Datagram Relay can also be used across other platforms.
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I'm gonna spell this out because this issue is deceptively subtle:
1. The Steam client and infrastructure is somewhere between "not that hard" and "trivial". It's a download service attached to a payment processor with a smattering of services on the side. Cloud providers handle all the infrastructure these days.
2. Steam takes 30% of gross revenue; ostensibly for the privilege of using these services, but in reality it is purely to get access to the massive Steam userbase.
3. Steam users love Steam and having their whole library in one place. It works. It's dependable. It has sales and cards and achievements, oh my!
4. PC developers have no option but to distribute through Steam or lose the vast majority of sales. Not releasing on Steam destroys the business model.
5. Therefore, no amount of competition will ever unseat Steam. People post-hoc rationalize this with memes about how gracious Gabe is. And how brilliant their services are. But realistically, no avid Steam user wants other stores to succeed.
The mere existence of other stores risks splintering their precious collection. They are "all in" on Steam. Invested.
Even if an alternative were objectively better, by whatever metric you care about, it would still be of no interest to Steam users. They would in fact find it to be a problem and a threat to their investment.
Competition in this space is not only uninteresting to most Steam users, it's actively denigrated!
The CONSEQUENCE of this situation, is that 30% of all gross revenue is siphoned out of the PC games industry into a black hole.
It doesn't recirculate into studios.
It doesn't pay any bonuses.
It doesn't fund any sequels or DLC.
This is a particularly insidious tax because it's well hidden. It's a second order effect. Most Steams users don't know, and the few that do never consider the aggregate effect this has on their favorite hobby.
It's undeniable that, at this point in history, Valve could EASILY lower the distribution fee while maintaining healthy margins. But they don't have to.
Users are locked into Steam and therefore developers are stuck paying 30% of gross revenue to Valve.
The irony is that Steam users, the very ones maintaining this unbreakable stalemate, would benefit the most from a better financed game development ecosystem.
I don't think this is fixable. It's just sad.
It's really sad that the games industry is drained by a 30% tax on gross revenue.
You could vibe code a Steam alternative in a week. Cloudflare egress is basically free.
The industry is in desperate need of a distribution platform that allows developers to keep their revenue.
Networks effects and the fanatic obsession with "muh Steam library" will make this very difficul.
But if devs could actually keep their earnings, we'd have a greater selection of better games and far more financial success stories.
Readers added context they thought people might want to know
Steam calculates its revenue share on net revenue after adjustments for refunds, chargebacks and taxes, not gross revenue. It funds Steam's platform services and infrastructure including distribution, Workshop, multiplayer tools, cloud saves and discovery features.
partner.steamgames.com/doc/finance/paβ¦
partner.steamgames.com/doc/finance/taβ¦
partner.steamgames.com/doc/features
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I'm not sure a lot of people understand what game coders actually do. We're not spending 9 hours a day finely hand crafting artisan software and expressing our inner dreams... 90% of the time we are fighting compilers and existing architecture, having to work out how undocumented code works, and tracking down obscure bugs and behavioural issues.
Most of game programming is just difficult, tedious, laborious grunt work, and the cognitive load we have to endure to get anything done is tiring and frustrating. No game coder is doing it for this 90% of the job.
We make games because the 10% that IS actually about making things fun and expressing ourselves is so incredibly rewarding it makes the other 90% bearable.
Now imagine if there was a tool, some kind of AI agent maybe, which could do most of the 90% grunt work for you, leaving you to just make all the decisions and express your creativity. How amazing would that be. How completely revolutionary would that be.
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List of chains that may shut down soon β
Flow
Movement
Fantom
Zeta
Beam
Manta
Mode
Algorand
GOAT
Metis
Osmosis
Soneium
Merlin
Berachain
Hemi
Eden
Astar
Boba
Chia
Mythos
Lisk
Fluent
Shido
Pearl
Missing anything?
We all had BLAST farming the gold. Got few hundred $$$ profit out of it, but it all ended with TGE.
Too bad that most of L2s will follow the suit, except few big ones (Base and Hood I guess)
Blast will be shutting down.
We launched Blast with the goal of building a self-sustaining chain for users and developers. Unfortunately, the economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue generated by the L2, and we do not see a credible path to making the chain economically sustainable.
As a result, we've made the difficult decision to wind Blast down.
We're sorry to the users and developers who believed in Blast, built on it, and supported the ecosystem. Our priority now is making the shutdown as smooth and safe as possible.
We're asking all users to withdraw their assets from Blast to Ethereum mainnet, including any balances held in the Blast PWA.
To make this easier, we will be reducing the withdrawal delay to 24 hours.
As part of the shutdown process, we'll first begin withdrawing Blast's Lido assets. This process is expected to take approximately one week. During this period, withdrawals will temporarily be unavailable, even after the withdrawal delay is reduced to 24 hours.
Once that process is complete, withdrawals will resume with the new 24-hour delay.
Users will have until October 26, 2026 to withdraw through the normal Blast interface.
After October 26, assets will remain withdrawable, but users will need to interact directly with the Blast bridge contracts on Ethereum L1. We'll publish detailed instructions before then.
We strongly encourage everyone to withdraw their assets to Ethereum mainnet before October 26.
This would be great for local LLM
We're giving away a CONTROL Resonant custom wrapped NVIDIA GeForce RTX 5080 to celebrate its official release with #RTXON.
To enter:
π’ Share this post
π’ Comment #RTXON
T&Cs: nvda.ws/4z24Gcq
Now the road 100 M -> ~900 M dilution starts, with NFT burn brakes and meager buyback.
What's the utility beside buying branches?
I got fired from Meta today.
I was the guy in charge of making sure you all are permanently hooked to Metaverse in 10 years, but BEFORE Elon will mind control us all via Neuralink.
β
Another L2 extraction sucesfully finished
Feels like some rotation from RH to Solana today.
Past 24h:
- RAY +60%
- JUP +21%
- ORCA +12%
- MET +13%
- AI -11.5%
- CASHCAT -5.8%
Coingecko shows overall RH meme as a sector down 16.5%
Meanwhile, bridging volume shows:
- Solana: +$18.8M
- Robinhood Chain: -$47.8M
Small bridging volumes relative to TVL but still...
Maybe some traders are taking profits on RH memes and buying Solana's trading infra to play the same mania.
Perhaps the strongest signal is $STONK launchpad pumping 360% today.
Like Pons, it allows pairing memes with tokenized stocks, currencies etc.
Time to go look for juicy LP pools on Solana!
P.s. if this happens Solana's tokenized stock platform backpack $BP could finally have a run...
AI co-development is so satisfying. I am still writing the code myself, but use AI as peer-reviewer or for mundane tasks.
The main problem is that Vibecoding produces incomprehensible spaghetti.
By keeping control I retain understanding of the codebase, but efficiency tenfolds.
This is actually the most interesting part of this Standard shenigans π
The Founding Charter NFT from @standard_rsv could become a shadow market for exiting the position.
The mechanism already confirmed:
> earned solana:2mfyXkzLWBZTVfwZrQwS3Nf1x5Vd59s1fGbRwEFxpump exists as an internal balance
> tokens only reach the wallet when a branch is closed
> in the future, a Charter will be transferable together with its branches and accrued balance
Taken together, these rules create a non-obvious scenario.
If transfer simply moves the entire position without any additional settlement with the protocol, the owner could sell the whole Charter for ETH instead of closing its branches.
Then:
> solana:2mfyXkzLWBZTVfwZrQwS3Nf1x5Vd59s1fGbRwEFxpump is not released into circulation.
> the branches are not destroyed.
> no resolution fee is charged.
> the buyer receives the accrued balance and the right to future emissions.
> the seller effectively exits the position through the NFT market.
This means the secondary market for Charters could become an OTC market for solana:2mfyXkzLWBZTVfwZrQwS3Nf1x5Vd59s1fGbRwEFxpump that has not yet been issued.
There is a positive side for the token:
> the sellerβs exit does not trigger an immediate mint and sale of solana:2mfyXkzLWBZTVfwZrQwS3Nf1x5Vd59s1fGbRwEFxpump
> pressure on the tokenβs liquidity is reduced
> the Charter and its branches continue operating
> during a panic, new owners could buy these banks at a discount
> the NFT price becomes a market valuation of the accrued balance and future emissions
But there is also a downside:
> an economic exit could bypass the resolution fee
> the remaining bankers would not receive their share of the fee
> the intended burn would not happen
> part of the anti-bank-run mechanism would move from the protocol to the NFT market
The implied valuation of a Charter would then look like this:
NFT price = discounted accrued solana:2mfyXkzLWBZTVfwZrQwS3Nf1x5Vd59s1fGbRwEFxpump + present value of future emissions β expected exit costs β liquidity risk
For now, this is only a scenario derived from the described architecture.
It becomes possible only if transfer simply moves the Charter together with its entire state.
This bypass could be closed through a transfer fee, mandatory settlement of the accrued balance, or an equivalent of the resolution fee when the NFT is sold.
Weβll see what actually ships once the contracts are public.
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So many ppl gamble on memecoins trying to make it overnight.
Youβre far more likely to win by investing in a few solid revenue-generating apps while working to grow your income via a side hustle.
You wonβt get rich fast, but you'll have a real shot at building wealth over time.
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"Diamond hands" was the most expensive marketing campaign ever run on retail and I helped run it.
I had millions of views on TikTok telling people how to stake ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5. I believed every word.
I ate almost 90%.
Here's what I understand now that I didn't then.
Every time a protocol tells you to hold, check whether holding pays. Not in vibes. In money. Find the line in the code that moves value from the person leaving to the person staying. There isn't one. There's almost never one.
So what "hold" actually means is: absorb the sell pressure for free while the people with better information leave at your expense, and we'll call you a diamond hand on the way out.
91.5% of OHM was staked at the end of 2021. That community held harder than any group I've seen in this industry. It went to zero anyway. They weren't weak. They were unpaid.
If a protocol wants your discipline, it can pay for your discipline. Anything else is asking you to subsidize somebody else's exit and calling it culture.
91.5% of $OHM was staked. It still went to zero. Here's the part nobody explains.
I've red the WP, tl/dr
A well-engineered onchain ponzi cosplaying as a bank. There is brutal exit tax once sell-off starts.
The whitepaper does not explain how the gold reserve will be used (expansion vault).
The hype it will cook well for the early bankers and token holders.
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