[Opensim-users] Opensim-users Digest, Vol 51, Issue 3

[Ric Moore]

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.
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