Comments on: Virtual World Currency Deflates a Real One? http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/ Tracking the Internet Evolution Wed, 08 Oct 2008 04:31:52 +0000 http://wordpress.org/?v=MU hourly 1 By: China Plays Duplicitous Game With Online Gamers - GigaOM http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-856937 China Plays Duplicitous Game With Online Gamers - GigaOM Fri, 18 Jan 2008 00:12:10 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-856937 <p>[...] does provoke constant bursts of regulatory intrusion from the Chinese government, such as issuing warnings about the use of virtual currency, forcing game publishers to install time-restrictive crippleware to prevent [...]</p> [...] does provoke constant bursts of regulatory intrusion from the Chinese government, such as issuing warnings about the use of virtual currency, forcing game publishers to install time-restrictive crippleware to prevent [...]

]]> By: POWERPYMES » Blog Archive » Inflación virtual se pasa al mundo real http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-668569 POWERPYMES » Blog Archive » Inflación virtual se pasa al mundo real Sat, 10 Nov 2007 19:38:58 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-668569 <p>[...] en nuestra página mas que en una moneda de uso común, aquí comemos comida real no virtual. via GigaOM     Read More    Post a [...]</p> [...] en nuestra página mas que en una moneda de uso común, aquí comemos comida real no virtual. via GigaOM     Read More    Post a [...]

]]> By: GigaOM Making Real Money from Virtual Goods « http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-249636 GigaOM Making Real Money from Virtual Goods « Sun, 24 Jun 2007 13:23:58 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-249636 <p>[...] pets (54 million sold so far), with a virtual currency that’s so popular, the Chinese government is worried it’ll destabilize the official one. Share This | Sphere | Print | Topic: Online Games [...]</p> [...] pets (54 million sold so far), with a virtual currency that’s so popular, the Chinese government is worried it’ll destabilize the official one. Share This | Sphere | Print | Topic: Online Games [...]

]]> By: Tech Headlines http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76753 Tech Headlines Mon, 11 Dec 2006 18:07:52 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76753 <p><strong>Chinese Yuan No Longer The Only People's Currency…</strong></p> <p>One of the chief policy concerns for the Chinese government, in recent years, has been the value of the…</p> Chinese Yuan No Longer The Only People’s Currency…

One of the chief policy concerns for the Chinese government, in recent years, has been the value of the…

]]> By: David Scott Lewis http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76752 David Scott Lewis Mon, 11 Dec 2006 02:19:53 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76752 <p>Something that's missing from this discussion is the issue of Tencent versus the central government. I wouldn't expect this to be obvious for those not in China, but in China, it's clearly a potential issue. QQ even has their own branded cars!! Imagine an ICQ branded car. Things are different in China.</p> <p>If it wasn't Tencent, it may not have been as big of a deal. However, it's getting ink in the Chinese press, so it's becoming a bigger deal. Note my words: "becoming" and "bigger." At this point, it's still not a big deal.</p> Something that’s missing from this discussion is the issue of Tencent versus the central government. I wouldn’t expect this to be obvious for those not in China, but in China, it’s clearly a potential issue. QQ even has their own branded cars!! Imagine an ICQ branded car. Things are different in China.

If it wasn’t Tencent, it may not have been as big of a deal. However, it’s getting ink in the Chinese press, so it’s becoming a bigger deal. Note my words: “becoming” and “bigger.” At this point, it’s still not a big deal.

]]> By: John Thacker http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76751 John Thacker Sun, 10 Dec 2006 20:46:11 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76751 <p>The difference between the dollar and the Chinese yuan is that the renminbi does not float freely; it has a peg against a basket of currencies. (Used to be just the dollar until last year, when US pressure from Congressmen and others forced them to broaden it; fears of it being artificially low against the dollar.)</p> <p>For that reason, it's more susceptible to attacks on the peg, and the freely floating QQ could affect it.</p> The difference between the dollar and the Chinese yuan is that the renminbi does not float freely; it has a peg against a basket of currencies. (Used to be just the dollar until last year, when US pressure from Congressmen and others forced them to broaden it; fears of it being artificially low against the dollar.)

For that reason, it’s more susceptible to attacks on the peg, and the freely floating QQ could affect it.

]]> By: alan patrick http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76750 alan patrick Sun, 10 Dec 2006 20:19:03 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76750 <p>Fascinating stuff, there was a lot of this discussion c 1996/7 (before ebay/paypal)</p> <p>…so, do we go long on the QQ and short the Linden $ tomorrow ;)</p> Fascinating stuff, there was a lot of this discussion c 1996/7 (before ebay/paypal)

…so, do we go long on the QQ and short the Linden $ tomorrow ;)

]]> By: Wagner James Au http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76749 Wagner James Au Sun, 10 Dec 2006 18:56:35 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76749 Saul, the post's premise is based on the Asia Times article it links to, which reports this: <p>The so-called "QQ" coin - issued by Tencent, China's largest instant-messaging service provider - has become so popular that the country's central bank is worried that it could affect the value of the yuan. Li Chao, spokesman and director of the General Office of the People's Bank of China (PBOC), has expressed his concern in the Chinese media and announced that the central bank will draft regulations next year governing virtual transactions.</p> Saul, the post’s premise is based on the Asia Times article it links to, which reports this:

The so-called “QQ” coin - issued by Tencent, China’s largest instant-messaging service provider - has become so popular that the country’s central bank is worried that it could affect the value of the yuan. Li Chao, spokesman and director of the General Office of the People’s Bank of China (PBOC), has expressed his concern in the Chinese media and announced that the central bank will draft regulations next year governing virtual transactions.

]]> By: Rick http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76748 Rick Sun, 10 Dec 2006 18:36:08 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76748 <p>Paypal's original goal was to be a new world currency.</p> Paypal’s original goal was to be a new world currency.

]]> By: Saul Weiner http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76747 Saul Weiner Sun, 10 Dec 2006 17:48:21 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76747 <p>While I understand the premise of this article, I think it isn't wise to throw out these premises with clearly no empirical evidence to back these conclusions up. Sloppy stuff folks.</p> <p>As an aside, with China's trade in the trillions of dollars, a few billion dollars trade seems unlikely to make any significant impact now.</p> While I understand the premise of this article, I think it isn’t wise to throw out these premises with clearly no empirical evidence to back these conclusions up. Sloppy stuff folks.

As an aside, with China’s trade in the trillions of dollars, a few billion dollars trade seems unlikely to make any significant impact now.

]]> By: Andi http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76746 Andi Sun, 10 Dec 2006 17:47:13 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76746 <p>The foremost attribute of currency is its property of being "current." This is an interesting development that has the potential to spread quickly once the concept is grasped and it could have profound consequenses.</p> The foremost attribute of currency is its property of being “current.” This is an interesting development that has the potential to spread quickly once the concept is grasped and it could have profound consequenses.

]]> By: Dude http://gigaom.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76745 Dude Sun, 10 Dec 2006 15:47:19 +0000 http://gigaom.wordpress.com/2006/12/10/virtual-world-currency-deflates-a-real-one/#comment-76745 <p>Hmm, does someone else remember Beenz and Flooz? We all know what happened to them (http://www.ecommercetimes.com/story/12892.html)</p> <p>In the end people just started to ask themselves ,,what's wrong with just using dollars?!"</p> Hmm, does someone else remember Beenz and Flooz? We all know what happened to them (http://www.ecommercetimes.com/story/12892.html)

In the end people just started to ask themselves ,,what’s wrong with just using dollars?!”

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