What Kind Of Virtual Economy Is It When Millions Of Dollars Just Disappear?

from the ask-Cartman dept

For years, we've been hearing reports about the growth of in-game virtual economies, often claiming things like it's equal to the economy of Namibia. Of course, many of those claims break down when you look closely at them, as the numbers are actually much smaller than claimed, or the transactions are questionably counted. There are also other problems with trying to count in-game economies -- partly because they're very much at the whim of the makers of various games. So, for example, when World of Warcraft makers Blizzard simply remove 11 million gold pieces from circulation, after shutting down accounts that made gold through fraud and cheats, how is that counted in the grand economic scheme? Just like questions revolving around whether or not real world laws apply within games, it's not so easy to just say that the economies of these games can be equated with real world economies as well.

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  1. identicon
    Joe, 17 Oct 2006 @ 6:19am

    I've never commented before

    ...but I read these news feeds everyday and this article was awful enough to make me want to comment on it.

    Of course it's not easy to say these economies relate to real ones, it's a video game, so the idea of this article is trivial, but the basis on which you express your opinion somehow proves you to be wrong; the same thing would happen to a "virtual economy" that would happen to a real economy when currency was found to be counterfeit. The currency is destroyed and any inflation caused by a surplus of currency is adjusted. I can't believe I wasted time writing this but I mean, c'mon

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