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.

Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. identicon
    Anonymous Coward, 17 Oct 2006 @ 9:58am

    Re: It is all balance

    No wealth creation from trading? Well, makes sense i suppose.

    That gives me an idea though. Someone in WoW needs to create a bank. Deposit money, get an interest rate yield. And with that deposited money, loan out a percentage of it, with an interest rate.

    I didnt think that through too much though. The mega wealth-creation effect there comes a bit from the loaned money being redeposited at the bank or a short period of time, allowing further lending, but it'd still make some money, if the loan payments could be enforced..

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here



Subscribe to the Techdirt Daily newsletter




Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)

Follow Techdirt
Special Affiliate Offer

Advertisement
Report this ad  |  Hide Techdirt ads
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Advertisement
Report this ad  |  Hide Techdirt ads
Recent Stories
Advertisement
Report this ad  |  Hide Techdirt ads

Close

Email This

This feature is only available to registered users. Register or sign in to use it.