Roblox needs to be regulated
Created by APOLLO / Raising Awareness, Digital Literacy, Financial Literacy
- Child Safety
- Roblox (Video Game)
- Virtual Currency
- Digital Items (NFTs)
- Investing vs Gambling
- Legal Liability
Image taken from the frontpage of <www.roblox.com/CATALOG>
Roblox has a major problem with child safety.
They're promoting gambling and stock market trading of NFTs to their extremely unsuspecting and highly impressionable young audience..
All utilizing the virtual currency "Robux", their marketplace consists of virtual items (Non-Fungible Tokens) which hold a specific monetary value based on rarity, social prestige and in-game features.
As someone who aspires to teach the youth about being responsible with money through financial literacy, this type of environment makes me genuinely sick.
This type of behavior needs to be regulated! We cannot allow children (or anyone underage for that matter) to access such risky forms of investing which is more in the realm of "gambling" than actual "investing"; Sure, learning about the stock market and virtual currency alongside its incredible nuances is very valuable at such a young age, however...
Where is the education?
Where are the warnings?
Where are the regulations?
Where does the liability literally lie?
Roblox is essentially evading away any form of legal liability by promoting its community to use third-party applications such as discord or slack for communication.
'If it didn't happen on Roblox it's not our responsibility or our fault'
This doesn't even scratch the surface on the immensely immoral environment which Roblox has created for young programmers…. They're being manipulated and exploited with little to no real compensation for their hard work in building, coding and programming these games. If they go against their "project managers" then they risk complete reputation destruction and social ostracization.
The same thing that can be said for young programmers is the exact same problem for younger girls trying to speak up on the amount of blatantly inappropriate environments in these third-party discord servers, many of which have adult-aged moderators and staff.
We need to protect children in the internet age instead of turning a blind eye to blatant negligence!
Am I the only one who cares about this?
Where will this behavior lead?
We need some real education in this space...
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