Writing about games, videos, images and do a barrel roll!

Bitcoin – Anyone Remember the Everquest Economy?

Bitcoin – Anyone Remember the Everquest Economy?

Nov 19, 2013

I’m sure that one day virtual currency will be perfected and even adopted by the top economies, but in the current state I compare bitcoin to video game gold and platinum.  So someone figures out how to dupe the bitcoin gold and starts flooding the economy, selling it cheaper and cheaper with each new batch and then all of a sudden, just like in the Everquest economy, the government is going to have to come in and make platinum sinks (slot machines and other crazy ways to get people to spend their money on chances to get rare  items or more plat.)  It’s really not that farfetched to think that someone can make as much of this currency as they want and drive all of the world economies into the gutter.  Just be careful, don’t go crazy investing your life savings into what is essentially pretend money – remember the days when money was actually backed by real gold?

Leave a Reply

Your email address will not be published.

Live Chat

Join the Live Chat