On 11/04/2011 07:11 AM, Slavin, Simon wrote:
On 3 Nov 2011, at 10:55pm, Cider Jack wrote:
Bitcoin (or a similar system) would be ideal for OpenSim, IMO. The
need for a "universal" virtual currency for use among virtual
worlds is real.
Is there an economist in the house ?
If you did that, anyone running a server would have to buy Credits
from a central bank. Using real money. Otherwise anyone who wanted
could just set up their own server, generate a few million Credits,
and use them elsewhere. This would inflate prices for everyone using
the currency.
It makes a lot of sense for servers run by one organisation to share
a currency. But as soon as you have a bunch of people with different
policies and preferences trying to share one currency you'll have to
develop the equivalent of the G8 or G20 groups. And I'll predict
that a taxation system will appear as if by magic. In other words,
if you attempt to keep the existing banks and financial coordination
system out of your group of VRs, you'll end up inventing your own
things which will have the same result.
Obligatory disclaimer: I'm not a real economist, I just play one in
VRs.
I agree. But, there is already such a work existing now, with all the
contingencies lawyer and tax-accountant approved. It's called 'Second
Life'. Just join, pay up and play vendor there, with an established
legal financial framework in effect. Ric
--
My father, Victor Moore (Vic) used to say:
"There are two Great Sins in the world...
..the Sin of Ignorance, and the Sin of Stupidity.
Only the former may be overcome." R.I.P. Dad.
http://linuxcounter.net/user/44256.html
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