It is a bit hard for me to understand why people accept U.S. virtual  
dollars especially given the fact that the U.S. government has been  
printing dollars like crazy.  There is absolutely no reason to expect  
the value of the dollar to hold up against other virtual currencies.   
I expect to see the price of gold go to $2000 per ounce in 2 more years.

cc

>
> On Mar 29, 2008, at 11:46 PM, Xiaofan Chen wrote:
> On Sun, Mar 30, 2008 at 12:44 PM, Sean Breheny <shb7@cornell.edu>  
> wrote:
>> It is a bit hard to get my head around why people would pay US  
>> dollars
>>  for "virtual dollars" but there is apparently a sizable virtual
>>  economy going on, with a real exchange rate to USD:
>>
>>  http://en.wikipedia.org/wiki/Linden_Dollar
>
> How about QQ coin by the leading IM company in China Tencent QQ?
> It is really amazing that virtual currency can cause great concerns by
> the central bank.
> http://en.wikipedia.org/wiki/QQ
> http://games.slashdot.org/article.pl?sid=07/03/30/1634218&from=rss
> http://virtual-economy.org/taxonomy/term/8/0/feed
>
> And Tencent is not really an online gaming company. Due to the large
> online game community in China (it is ruining a large number of young
> people in China, a very worrying trend in China), the virtual goods  
> have
> been a sizable economy. In fact, some of the most popular malicious
> programs in China now steal online gaming accounts and not real bank
> accounts.
>
How are the young people being "ruined" ?   Sounds so much like the  
comments I hear from folks in the U.S. that youth is going to hell in  
a high speed handbasket.
cc
>
> Xiaofan
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