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#244266 - 17/12/2004 14:40 Sad.
CrackersMcCheese
pooh-bah

Registered: 14/01/2002
Posts: 2489

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#244267 - 17/12/2004 14:43 Re: Sad. [Re: CrackersMcCheese]
Cris
pooh-bah

Registered: 06/02/2002
Posts: 1904
Loc: Leeds, UK
What has the world come to !!!

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#244268 - 17/12/2004 15:47 Re: Sad. [Re: Cris]
Ezekiel
pooh-bah

Registered: 25/08/2000
Posts: 2413
Loc: NH USA
Fools, money, you know the rest.

-Zeke
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#244269 - 17/12/2004 16:18 Re: Sad. [Re: Ezekiel]
rob
carpal tunnel

Registered: 21/05/1999
Posts: 5335
Loc: Cambridge UK
People have been trading in "virtual" commodities for decades, and this isn't so far removed. The article points out that this is an investment on which the buyer is likely to see a good return - so why not?

I have to wonder when these virtual environments will start to be officially regulated!

Rob

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#244270 - 17/12/2004 16:37 Re: Sad. [Re: rob]
Ezekiel
pooh-bah

Registered: 25/08/2000
Posts: 2413
Loc: NH USA
Sure, and buying into a stock frenzy is a good idea until the market bursts.

It's beany babies really, but it takes up less space.

I'm sure some people will make money off this stuff, but I also know plenty more will lose it. I'm not saying it should be illegal, far from it - it's your money do with it as you will. I just think it's foolish.

I'm sure everything will be ducky until the next must-play cool MPRPG (or whatever the acronym is) comes along and suddenly your 'fortune' is worthless as the buyers have disappeared.

-Zeke
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#244271 - 17/12/2004 17:07 Re: Sad. [Re: Ezekiel]
wfaulk
carpal tunnel

Registered: 25/12/2000
Posts: 16706
Loc: Raleigh, NC US
There are places that trade in the virtual economies of all the MMORPGs. You can exchange your EQ money for WoW money, for example. Which helps alleviate some of the when-it-becomes-worthless part of it.
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#244272 - 17/12/2004 17:13 Re: Sad. [Re: rob]
DWallach
carpal tunnel

Registered: 30/04/2000
Posts: 3810
Quote:
I have to wonder when these virtual environments will start to be officially regulated!

Particularly when the "assets" that you buy are hardly substantial in any meaningful way. I assume the company's EULA has terms that effectively allow the company to change anything at any time. What if this fool's virtual island is suddenly massively replicated, and everybody can buy an identical island from the firm operating the game? You can bet the original island "owner" is hozed.

An even more interesting question is whether this "property" ownership transfers in any way to ownership in the company running the game. Imagine if the game firm sells out to a bigger game firm. As the owner of "property" in the game, I could try to convince a judge that "my" property was sold without my receiving proper compensation. Is virtual "property" like shares of a stock?

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#244273 - 17/12/2004 17:31 Re: Sad. [Re: wfaulk]
Ezekiel
pooh-bah

Registered: 25/08/2000
Posts: 2413
Loc: NH USA
Aah yes, Fool's First Virtual Trust Co.!

Seriously, I understand the enjoyment of the fantasy/RPG part of it, and I understand that we virtualize money all the time (do I really have dollars in some 'account'?, no just bits on a computer's tally someplace); but giving away real money for unregulated virtual property is, in my book, quite insane.

Of course I'm not a derivatives trader either...

-Zeke
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#244274 - 17/12/2004 21:02 Re: Sad. [Re: rob]
jimhogan
carpal tunnel

Registered: 06/10/1999
Posts: 2591
Loc: Seattle, WA, U.S.A.
Quote:
I have to wonder when these virtual environments will start to be officially regulated!

Like what if the virtual island was virtually downwind from some virtual French nuclear testing? Is there a virtual treaty that covers that?
_________________________
Jim


'Tis the exceptional fellow who lies awake at night thinking of his successes.

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#244275 - 18/12/2004 12:07 Re: Sad. [Re: CrackersMcCheese]
JeffS
carpal tunnel

Registered: 14/01/2002
Posts: 2858
Loc: Atlanta, GA
It's a risk for sure. But all investments are, albeit some more so than others. However, the idea of making money of playing a game is a highly appealing concept, though I wonder how fulfilling it would be in practice? How big is the gap between successfully speculating a piece of virtual space and being able to throw a baseball really fast (or curvy, or whatever else makes a good baseball pitcher)?
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-Jeff
Rome did not create a great empire by having meetings; they did it by killing all those who opposed them.

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#244276 - 18/12/2004 14:50 Re: Sad. [Re: Cris]
Ladmo
addict

Registered: 04/09/2004
Posts: 524
Loc: Oklahoma
Well, at least that has some imagination in it...In my day we came up with....Pet Rocks!!! Now talk about a scam...selling a rock in a box....Marketing at it's best(worst?)...

And who out there remembers ...The Nutty Knotter!?!? That is what happens if you don't have computers or mp3 players!!!
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The only easy day...was yesterday!

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#244277 - 20/12/2004 09:32 Re: Sad. [Re: rob]
Cybjorg
addict

Registered: 23/12/2002
Posts: 652
Loc: Winston Salem, NC
I'm curious to know what it takes to get one's virtual real estate license.

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#244278 - 20/12/2004 10:03 Re: Sad. [Re: Cybjorg]
boxer
pooh-bah

Registered: 16/04/2002
Posts: 2011
Loc: Yorkshire UK
Anyone want to start the bidding on a virtual Empeg Mk. 111?
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Politics and Ideology: Not my bag

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#244279 - 20/12/2004 13:30 Re: Sad. [Re: Cybjorg]
jimhogan
carpal tunnel

Registered: 06/10/1999
Posts: 2591
Loc: Seattle, WA, U.S.A.
Quote:
I'm curious to know what it takes to get one's virtual real estate license.

Well, for starters, you have to show proof that you own a new virtual SUV.
_________________________
Jim


'Tis the exceptional fellow who lies awake at night thinking of his successes.

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#244280 - 20/12/2004 16:29 Re: Sad. [Re: jimhogan]
Ezekiel
pooh-bah

Registered: 25/08/2000
Posts: 2413
Loc: NH USA
...with a virtual vanity plate.

-Zeke
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#244281 - 22/12/2004 10:48 Re: Sad. [Re: Ezekiel]
rowitech
enthusiast

Registered: 22/09/2002
Posts: 248
Loc: Germany, Cologne
Why "sad" ? Everything we see comes from our eyes, ears and hands (and some more, my english isn't as good as I wish). So why not taking virtual holidays or even (much safer) virtual sex? Hmm, no, sex isn't good for being just virtual ;-). But what differences do you keep in mind when comaparing a real holiday with a virual holiday where you can do the same as in real life?

Many people here in the forum are already living more virtual than real by having the 19" world with true colors just in from of them more than 12 hours a day (me, too).

Don't we communicate more with our fingers pressed on the keyboard than with real people? Don't you remember a friend more with his face on the livecam on your 19"-screen than in real live at the street? Don't you decide more to reply on a mail than picking up your ringing phone (unless it's an IP-call)?

>Anyone want to start the bidding on a virtual Empeg Mk. 111?

Why not? If I could telnet to it, get music from it and so on...

My wife got her own computer right next to mine to be able to communicat with me ;-)

Or...

.. or do I need a doctor?

Rolf

(sad because not knowing of the auction and didn't place a bid)

- not to be taken too seriously ;-) -
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