Random Feed wrote an interesting post today on
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Gamers all over the world know what virtual currency is and why they need it in their chosen online games, but many non-gamers might have no idea what this term means. Of course, it has a few different meanings, but the main ones concern online MMORPGs that are out on the web today. Virtual currency is the in-game money that a character uses to purchase items they need, like food, weapons, armor, and so on. For example, if you look at World of Warcraft, you will see that the amount of gold need

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Random Feed wrote an interesting post today on
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Looks like Gold Farming hasn’t been banned in China after all. The University of Manchester’s Richard Heeks commented: “This is a government restriction on the use of the quasi-Paypal-like currencies (mainly QQ coins) that are used extensively in China to pay for virtual game stuff. As announced they can now only be used to pay for virtual stuff, and you can’t buy real things with them as game companies were allowing to happen, nor can you gamble.” “This therefore is not about what gol

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Random Feed wrote an interesting post today on
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Yesterday the internet was filled with the news China had banned gold farming. Just in case you live under a rock and don’t know what gold farming is, it’s the gathering of virtual currency in a game (usually an MMO), which is them sold to other players in exchange for real currency.According to an article at InformationWeek, “the Chinese government has declared that virtual currency cannot be traded for real goods or services.”Obviously, this was enormous news. Since it’s been estimated that

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Random Feed wrote an interesting post today on
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Those of you who are rejoicing at China’s apparent ban of MMO gold farming , you can stop celebrating. According to Professor Richard Heeks, China hasn’t banned gold farming, just the use of monetary scrip . According to Heeks: This is a government restriction on the use of the quasi-Paypal-like currencies (mainly QQ coins) that are used extensively in China to pay for virtual game stuff. As announced they can now only be used to pay for virtual stuff, and you can’t buy real things with t

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Random Feed wrote an interesting post today on
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While everyone else is busy hunting World of Warcraft head on, John Smedley and Sony Online Entertainment (SOE) has been busily growing its virtual collectible card business … just expanded with the acquisition of Octopi’s virtual minatures. Virtual Collectible Card games have most of the benefits of traditional MMOs with a much more powerful and natural player economic component based on the power of trading scarce cards… miniatures are almost as easy. No issues with gold farming and

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