Take-Two argues that virtual currencies are "fictions" in bid to dismiss lawsuit

ApathyTree , 5 months ago

The company filed a motion to dismiss on February 2, 2024, hitting back at accusations of unlawful business practices related to virtual currencies being non-transferable or refundable once game servers are switched off. As GameFile reported, the firm argued that the virtual currency does not belong to the player in the first place.

“VC is not plaintiff’s property,” Take-Two’s lawyer said. "Instead, in-game VC are fictions created by game publishers, subject to the publishers’ terms of service and user agreements.

“Plaintiff’s claims to property ownership of VC within the games, as well as his suggestions that Defendants have an obligation to refund unredeemed VC or enable the transfer of VC from one of Defendants’ games to another, are merely conclusory (and wholly invented).”

So we are going to charge you real money for something, let’s call it “muny” to make it clear. You will then use that muny to buy things within the platform. But because we hid it behind a layer of code and changed the values arbitrarily, it’s suddenly not money it’s -FiCtIoN- even though it has a set conversion rate and value, and is used to purchase goods, and fuck you for trying to take back the unspent portion after we made it unspendable by taking the games down.

Fuck that, hope they lose. This sort of predatory bullshit needs to stop.