Erm. Yes you do. Besides, I've already seen how butthurt you are from your little debate with dazarobbo, so there's no point talking to you about how bad the nextbox is. You'll probably start crying.
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Not that I should even bother, but games are tied to your account. i.e, you sign in at a friend's house and it's all fine.
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Your dad is a -blam!-.
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PS4 isn't backwards compatible either.