[Opensim-users] Opensim-users Digest, Vol 51, Issue 5

Fri Nov 4 12:24:35 UTC 2011

Bitcoin is not backed or regulated by any Government so technically it is not  real money.  The fact people choose to accept it in exchange  for goods or services does not make it a legal currency.   

The issues associated with  currency exhanges that allow you to exhange currency A => bitcoin => currency B anonymously is causing concern at various levels of government.   

The source code for bitcoin is freely available so creating simcoin or virtcoin or even playcoin etc is trivial although it would not be accepted in the bitcoin network. This would meet the play money requirement and would be valuable if government backed country or virtual world specific versions of bitcoin evolve  (maybe a setting in opensim for coin type)

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Subject: Opensim-users Digest, Vol 51, Issue 5

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Today's Topics:

   1. Re: Opensim-users Digest, Vol 51, Issue 3 (Slavin, Simon)
   2. UK or Ireland educator using virtual worlds? (Virtual World Watch)
   3. Re: Opensim-users Digest, Vol 51, Issue 3 (Cider Jack)

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Message: 1
Date: Thu, 3 Nov 2011 11:28:44 +0000
From: "Slavin, Simon" <s.slavin at lancaster.ac.uk>
To: "<opensim-users at lists.berlios.de>"
	<opensim-users at lists.berlios.de>
Subject: Re: [Opensim-users] Opensim-users Digest, Vol 51, Issue 3
Message-ID: <A7C89AA9-9523-49A6-867D-96D1B79DF4F4 at lancaster.ac.uk>
Content-Type: text/plain; charset="us-ascii"

On 3 Nov 2011, at 2:35am, Edmund Edgar wrote:

> It would be great if someone would build Bitcoin into the client so we
> could use it as a decentralized hypergrid currency, but it wouldn't
> help the OP - they want play money. Bitcoin is real money (*) - you
> can trade it for dollars, RAM, illegal drugs or alpaca socks.

And in some countries you'd have to register as a bank and/or with the Data Protection Register (because you're keeping financial details about your users).  Much simpler to go with fake money.

Simon.

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Message: 2
Date: Thu, 3 Nov 2011 16:55:03 +0000
From: Virtual World Watch <john at virtualworldwatch.net>
To: opensim-users at lists.berlios.de
Subject: [Opensim-users] UK or Ireland educator using virtual worlds?
Message-ID:
	<EC6E67D8-0B17-4691-B060-DD4A54347011 at virtualworldwatch.net>
Content-Type: text/plain; charset="us-ascii"; Format="flowed";
	DelSp="yes"

Hi there,

Information collection for the tenth VWW snapshot, looking into who is  
doing what with virtual worlds in UK and Ireland academia, is  
underway. Feel free to contribute; the seven questions are at:

http://virtualworldwatch.net/snapshot-10-autumn-2011/

Some of the submissions by academics, detailing what they are doing  
(or not doing) with virtual worlds and how it's working out, are being  
blogged daily:

http://virtualworldwatch.net/

Regards and thanks,
The Virtual World Watch team

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Message: 3
Date: Fri, 4 Nov 2011 11:55:51 +1300
From: Cider Jack <ciderjack.vw at gmail.com>
To: opensim-users at lists.berlios.de
Subject: Re: [Opensim-users] Opensim-users Digest, Vol 51, Issue 3
Message-ID:
	<CAJjoDCwGR0rSsYk=9GqVV72WPv8MttDLX9wVTaY8nYznfdWHjg at mail.gmail.com>
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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. Bitcoin is a system already in place, with the advantages
Edgar mentioned and some caveats such as Simon mentions as well. It's
also already had a few other issues, including hoarding, rumors of
theft & counterfeiting, not to mention the recent collapse in exchange
value.

I personally expect that a single currency that works seamlessly in
both virtual & real world will happen eventually. It's just a question
of when & how.

OpenSim appears to be an ideal community to introduce a system and
work out the bugs before taking it to the next step (into the
real-world side of things). Decentralization is mandatory, as is
security of course. Not easy barriers to overcome! Not to mention, the
big banks (the 1%) that control the current real-world economy will do
all they can to outlaw it, or discredit & destroy it as soon as it
becomes in any way viable.

Anyway, the idea fills me with both dread and excitement. These are
very interesting times we are living in!

Cheers,
~!CJ

On 11/4/11, Slavin, Simon <s.slavin at lancaster.ac.uk> wrote:
>
> On 3 Nov 2011, at 2:35am, Edmund Edgar wrote:
>
>> It would be great if someone would build Bitcoin into the client so we
>> could use it as a decentralized hypergrid currency, but it wouldn't
>> help the OP - they want play money. Bitcoin is real money (*) - you
>> can trade it for dollars, RAM, illegal drugs or alpaca socks.
>
> And in some countries you'd have to register as a bank and/or with the Data
> Protection Register (because you're keeping financial details about your
> users).  Much simpler to go with fake money.
>
> Simon.
> _______________________________________________
> Opensim-users mailing list
> Opensim-users at lists.berlios.de
> https://lists.berlios.de/mailman/listinfo/opensim-users
>

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